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Global Commercial Vehicle Poly-V Belt Market 2017-2021

Global Commercial Vehicle Poly-V Belt Market 2017-2021

About Commercial Vehicle Poly-V Belt

A poly-v belt is a single continuous belt used to drive auxiliary components such as the alternator, air pump, water pump, power steering pump, and air conditioning compressor in an automotive engine.

Technavio’s analysts forecast the global commercial vehicle poly-v belt market to grow at a CAGR of 6.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global commercial vehicle poly-v belt market for 2017-2021. To calculate the market size, the report considers the sales volumes of poly-v belts in commercial vehicles.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
Technavio's report, Global Commercial Vehicle Poly-V Belt Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Continental
  • Gates
  • Sumitomo
Other prominent vendors
  • Bando
  • Colmant-Cuvelier
  • Federal-Mogul
Market driver
  • Increase in sales of commercial vehicles in emerging countries
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating demand for commercial vehicles
  • For a full, detailed list, view our report
Market trend
  • Design improvements in engine belts
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Poly-V Belt Market 2017-2021

Technavio recognizes the following companies as the key players in the global commercial vehicle poly-v belt market: Continental, Gates, and Sumitomo.

Other Prominent Vendors in the market are: Bando, Colmant-Cuvelier, and Federal-Mogul.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is design improvements in engine belts. Engines need enhanced belt capacity as well as operating efficiency. With the current trend of downsizing engines, large displacement engines like the 3.5L V6 or 5L V8 have been replaced by the 2L turbocharged engines, which produce similar power but are 30% more fuel efficient. However, the downsizing of the engine has led to an increase in the temperature for V-belts inside the engine. Also, the compact nature of the accessory packaging has resulted in reduced belt to pulley contact. This causes insufficient belt tension, which leads to slippage, belt roll-over, heat build-up, and premature failure.”

According to the report, one of the major drivers for this market is increase in sales of commercial vehicles in emerging countries. India and China are among the important manufacturing hubs in the world. These countries deal with large amounts of inventory that have to be transported to various locations of interest like ports and warehouses. Moreover, manufacturing processes involve the transportation of large amounts of heavy raw materials from the place of procurement to the place of manufacture. This requires the services of commercial vehicles, in turn driving the demand for poly-v belts.

Further, the report states that one of the major factors hindering the growth of this market is fluctuating demand for commercial vehicles. The fluctuating demand for commercial vehicles leads to uncertainty in the production and supply of commercial vehicle poly-v belts. The slow economic growth in mature economies like the US and those in Europe has caused a stagnation in the sales of commercial vehicles, thereby affecting the market for commercial vehicle poly-v belts. Additionally, the sales of commercial vehicles follow a cyclical trend as a dip is expected after a consecutive rise in the sales.



Companies Mentioned

Continental, Gates, Sumitomo, Bando, Colmant-Cuvelier, and Federal-Mogul.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Benefits of poly-v belt systems
  • Market landscape
    • Market overview
      • Table Segmentation of global commercial vehicle poly-v belt market
    • Market size and forecast
      • Table Global commercial poly-v belt market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global commercial poly-v belt market by application
      • Table Segmentation of global commercial vehicle poly-v belt market by application 2016
      • Table Segmentation of global commercial vehicle poly-v belt market by application 2021
    • Global commercial vehicle poly-v belt market in LCV segment
      • Table Global commercial vehicle poly-v belt market in LCV segment 2016-2021 (millions of units)
      • Table Global commercial vehicle poly-v belt market in LCV segment by region 2016-2020
    • Global commercial vehicle poly-v belt market in M&HCV
      • Table Global commercial vehicle poly-v belt market in M&HCV segment 2016-2021
      • Table Global commercial vehicle poly-v belt market in M&HCV segment by region 2016-2020 (millions of units)
  • Geographicalsegmentation
    • Global commercial vehicle poly-v belt market by geography
      • Table Global commercial vehicle poly-v belt market by geography 2016 and 2021
    • Commercial vehicle poly-v belt market in the Americas
      • Table Commercial vehicle poly-v belt market in the Americas 2016-2021 (millions of units)
    • Commercial vehicle poly-v belt market in Europe
      • Table Commercial vehicle poly-v belt market in Europe 2016-2021 (millions of units)
    • Commercial vehicle poly-v belt market in APAC
      • Table Commercial vehicle poly-v belt market in APAC 2016-2021 (millions of units)
  • Key leading countries
    • Table Key leading countries: Market share 2016
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Share of different transportation modes in the transport of freight in India 2016
    • Market challenges
      • Table Major factors affecting sales of commercial vehicles
  • Market trends
    • Design improvements in engine belts
    • OEM investment in emission control equipment
    • Switch to 48V power supply
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Continental
      • Table Continental: Business segmentation by revenue 2016
      • Table Continental: Geographical segmentation by revenue 2016
      • Table Continental: Recent developments
    • Gates
      • Table Gates: Products offered in automotive belt system segment
      • Table Gates Corporation: Recent developments
    • Sumitomo
      • Table Sumitomo: Business segmentation by revenue 2015
      • Table Sumitomo geographical segmentation by revenue 2015
      • Table Recent developments: Sumitomo
  • Appendix
    • List of abbreviations
  • Explore Technavio

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