Global Industrial Belt Tensioner Market 2017-2021
About Industrial Belt Tensioner
Industrial belt tensioners are used in belt drives that ride on the inner/outer surface of industrial belts (V-belts/variable belts/synchronous timing belts) to apply and maintain constant pressure, tension on the belt and against the pulley that drives the engine. The major application of industrial belt tensioners is to avert vibration of industrial belts during belt drive operations. The application of belt tensioners in belt drives is essential to increase their performance and efficiency by reducing the vibration during machinery operations.
Technavio’s analysts forecast the global Industrial Belt Tensioner market to grow at a CAGR of 3.43% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial belt tensioner market for 2017-2021. To calculate the market size, the report considers the sales, replacement, and services markets.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Belt Tensioner Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial belt tensioner market: ContiTech, Dayco, Gates, Hutchinson, and SKF.
Other Prominent Vendors in the market are: Bando Group, Brewer Machine & Gear Company, Elcom, Fenner Drives, Goodyear, Hangzhou Chinabase Machinery, item Industrietechnik, Litens Automotive Group, Lovejoy, MÄDLER, Mubea Aftermarket Services, Murtfeldt, PLASSON, Quality Transmission Components, REHOBOT Hydraulics AB, Schaeffler Technologies, and Teknika Strapping Systems.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is development of customized belt tensioners. There has been an increase in the development of customized belt tensioners based on modifications required by end-users. Industrial belt tensioners are essential for belt drives in capital-intensive and critical process industries. End-users are willing to transform old belt drive systems to innovative automated belt drive systems. This will help the industries employing advanced belt drives in increasing the efficiency of machinery to acclimatize to modern requirements of end-users.”
According to the report, one of the major drivers for this market is increasing investments in industrial assets. The rising adoption of industrial assets, such as advanced machinery, with low downtime to improve productivity, has prompted companies to increase their investments in machines and equipment. The manufacturing sector in APAC is continually growing, and therefore, the demand for industrial belt drives is also associated with the industrial growth. At present, countries such as India, the UAE, Brazil, China, Thailand, and Malaysia are enduring developmental initiatives by governments to bolster the domestic manufacturing sector. Therefore, there is a greater need to increase the productivity and gain maximum efficiency with the use of industrial belt tensioners.
Further, the report states that one of the major factors hindering the growth of this market is competitive pricing strategy of low-cost Asian manufacturers. Asian countries offer affordable land, labor, and raw materials. This has attracted significant investments in the industrial belt tensioner manufacturing companies in the region. End-users in the region are looking at investing in developing cost-effective corrosion-resistant industrial belt tensioners market. With increasing price sensitivity among customers, OEMs are building relationships with distributors and suppliers for them to be able to offer aftermarket services for installation and replacement activities. In the past decade, some low-cost Asian manufacturers entered the American and European markets, which remain to be a challenge for the manufacturers from Europe and the Americas.
ContiTech, Dayco, Gates, Hutchinson, and SKF.Other Prominent Vendors in the market are: Bando Group, Brewer Machine & Gear Company, Elcom, Fenner Drives, Goodyear, Hangzhou Chinabase Machinery, item Industrietechnik, Litens Automotive Group, Lovejoy, MÄDLER, Mubea Aftermarket Services, Murtfeldt, PLASSON, Quality Transmission Components, REHOBOT Hydraulics AB, Schaeffler Technologies, and Teknika Strapping Systems.
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