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Global Industrial V-Belts Market 2019-2023

Global Industrial V-Belts Market 2019-2023

About this market

Automated material handling equipment is a part of the material handling industry. Automated materials handling equipment includes a diverse range of products such as servo motors, conveyors (such as belt, chute, roller, wheel, slat, and chain) and machinery. These devices help in transporting and storing goods. Conventional leading is labor- intensive and requires personnel who can carry out tasks such as handling trailers, containers, forklifts, terminal tractors and other machinery. Apart from labor costs, the spending on owning. Leasing, and maintaining equipment is significant. Thus, process and discrete industries are adopting automated material handling systems to increase volumes and reduce the lead time. Technavio’s analysts have predicted that the industrial V-belts market will register a CAGR of over 4% by 2023.

Market Overview

Continuous replacement activities

End- users either repair or replace these products over the course of operations. Vendors tend to earn revenues through the maintenance and servicing of belt drivers. As these belt drivers are relatively inexpensive, end- users are usually less reluctant to opt for the replacement of belt drives.

Growing preference for synchronous belts

The majority of belt drives use V- belts which provide increased friction and improved transmission power. Belt tension is a major challenge faced with V- belts.

For the detailed list of factors that will drive and challenge the growth of the industrial V-belts market during the 2019-2023, view our report.

Competitive Landscape

The industrial V-belts market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Industrial V-Belts Market 2019-2023

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the emerging changes in design and analysis technology for belt drives.”

According to the report, one of the major drivers for this market is the growing maintenance advantages of V-belts, which facilitate the ease of repair and ensure the minimum possible downtime.

Further, the report states that one of the major factors hindering the growth of this market is the availability of alternatives and their low cost and higher efficiency when compared with belt drives are posing a challenge to industrial V- belt vendors.

Companies Mentioned

Arntz Optibelt Group
Continental
Fenner
Gates
SKF
and THE TIMKEN COMPANY

PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Material handling - Market size and forecast 2018-2023
Industrial machinery - Market size and forecast 2018-2023
Agricultural machinery - Market size and forecast 2018-2023
Mining and minerals - Market size and forecast 2018-2023
Oil and gas - Market size and forecast 2018-2023
Other industries - Market size and forecast 2018-2023
Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2018-2023
Americas - Market size and forecast 2018-2023
EMEA - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 10: MARKET TRENDS
Emerging changes in design and analysis technology for belt drives
Improvements in industrial V-belts
Consolidation in cement industry
PART 11: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 12: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Arntz Optibelt Group
Continental (ContiTech)
Fenner
Gates
SKF
THE TIMKEN COMPANY
PART 13: APPENDIX
Research methodology
List of abbreviations
Exhibit 01: Years in consideration
Exhibit 02: Global mechanical power transmission market
Exhibit 03: Segments of global mechanical power transmission market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: End-user - Market share 2018-2023 (%)
Exhibit 19: Comparison by end-user
Exhibit 20: Material handling - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Material handling - Year-over-year growth 2019-2023 (%)
Exhibit 22: Industrial machinery - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Industrial machinery - Year-over-year growth 2019-2023 (%)
Exhibit 24: Agricultural machinery - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Agricultural machinery - Year-over-year growth 2019-2023 (%)
Exhibit 26: Mining and minerals - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Mining and minerals - Year-over-year growth 2019-2023 (%)
Exhibit 28: Oil and gas - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: Applications of industrial V-belt drives in oil and gas industry
Exhibit 30: Oil and gas - Year-over-year growth 2019-2023 (%)
Exhibit 31: Other industries - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Applications of belt drives in cement industry
Exhibit 33: Other industries - Year-over-year growth 2019-2023 (%)
Exhibit 34: Market opportunity by end-user
Exhibit 35: Customer landscape
Exhibit 36: Market share by geography 2018-2023 (%)
Exhibit 37: Geographic comparison
Exhibit 38: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 40: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 42: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 44: Key leading countries
Exhibit 45: Market opportunity
Exhibit 46: Decision framework
Exhibit 47: Decline in global commodity metal price index 2012-2016 (%)
Exhibit 48: Impact of drivers and challenges
Exhibit 49: Vendor landscape
Exhibit 50: Landscape disruption
Exhibit 51: Vendors covered
Exhibit 52: Vendor classification
Exhibit 53: Market positioning of vendors
Exhibit 54: Arntz Optibelt Group - Vendor overview
Exhibit 55: Arntz Optibelt Group - Business segments
Exhibit 56: Arntz Optibelt Group - Key offerings
Exhibit 57: Continental (ContiTech) - Vendor overview
Exhibit 58: Continental (ContiTech) - Business segments
Exhibit 59: Continental (ContiTech) - Organizational developments
Exhibit 60: Continental (ContiTech) - Geographic focus
Exhibit 61: Continental (ContiTech) - Segment focus
Exhibit 62: Continental (ContiTech) - Key offerings
Exhibit 63: Fenner - Vendor overview
Exhibit 64: Fenner - Business segments
Exhibit 65: Fenner - Organizational developments
Exhibit 66: Fenner - Geographic focus
Exhibit 67: Fenner - Segment focus
Exhibit 68: Fenner - Key offerings
Exhibit 69: Gates - Vendor overview
Exhibit 70: Gates - Business segments
Exhibit 71: Gates - Organizational developments
Exhibit 72: Gates - Geographic focus
Exhibit 73: Gates - Segment focus
Exhibit 74: Gates - Key offerings
Exhibit 75: SKF - Vendor overview
Exhibit 76: SKF - Business segments
Exhibit 77: SKF - Organizational developments
Exhibit 78: SKF - Geographic focus
Exhibit 79: SKF - Segment focus
Exhibit 80: SKF - Key offerings
Exhibit 81: THE TIMKEN COMPANY - Vendor overview
Exhibit 82: THE TIMKEN COMPANY - Business segments
Exhibit 83: THE TIMKEN COMPANY - Organizational developments
Exhibit 84: THE TIMKEN COMPANY - Geographic focus
Exhibit 85: THE TIMKEN COMPANY - Segment focus
Exhibit 86: THE TIMKEN COMPANY - Key offerings
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: List of abbreviations

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