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

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global mechanical power transmission market
      • Table Segments of global mechanical power transmission market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Material handling - Market size and forecast 2018-2023
      • Table Material handling - Market size and forecast 2018-2023 ($ millions)
      • Table Material handling - Year-over-year growth 2019-2023 (%)
    • Industrial machinery - Market size and forecast 2018-2023
      • Table Industrial machinery - Market size and forecast 2018-2023 ($ millions)
      • Table Industrial machinery - Year-over-year growth 2019-2023 (%)
    • Agricultural machinery - Market size and forecast 2018-2023
      • Table Agricultural machinery - Market size and forecast 2018-2023 ($ millions)
      • Table Agricultural machinery - Year-over-year growth 2019-2023 (%)
    • Mining and minerals - Market size and forecast 2018-2023
      • Table Mining and minerals - Market size and forecast 2018-2023 ($ millions)
      • Table Mining and minerals - Year-over-year growth 2019-2023 (%)
    • Oil and gas - Market size and forecast 2018-2023
      • Table Oil and gas - Market size and forecast 2018-2023 ($ millions)
      • Table Applications of industrial V-belt drives in oil and gas industry
      • Table Oil and gas - Year-over-year growth 2019-2023 (%)
    • Other industries - Market size and forecast 2018-2023
      • Table Other industries - Market size and forecast 2018-2023 ($ millions)
      • Table Applications of belt drives in cement industry
      • Table Other industries - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Decline in global commodity metal price index 2012-2016 (%)
      • Table Impact of drivers and challenges
  • Market trends
    • Emerging changes in design and analysis technology for belt drives
    • Improvements in industrial V-belts
    • Consolidation in cement industry
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Arntz Optibelt Group
      • Table Arntz Optibelt Group - Vendor overview
      • Table Arntz Optibelt Group - Business segments
      • Table Arntz Optibelt Group - Key offerings
    • Continental (ContiTech)
      • Table Continental (ContiTech) - Vendor overview
      • Table Continental (ContiTech) - Business segments
      • Table Continental (ContiTech) - Organizational developments
      • Table Continental (ContiTech) - Geographic focus
      • Table Continental (ContiTech) - Segment focus
      • Table Continental (ContiTech) - Key offerings
    • Fenner
      • Table Fenner - Vendor overview
      • Table Fenner - Business segments
      • Table Fenner - Organizational developments
      • Table Fenner - Geographic focus
      • Table Fenner - Segment focus
      • Table Fenner - Key offerings
    • Gates
      • Table Gates - Vendor overview
      • Table Gates - Business segments
      • Table Gates - Organizational developments
      • Table Gates - Geographic focus
      • Table Gates - Segment focus
      • Table Gates - Key offerings
    • SKF
      • Table SKF - Vendor overview
      • Table SKF - Business segments
      • Table SKF - Organizational developments
      • Table SKF - Geographic focus
      • Table SKF - Segment focus
      • Table SKF - Key offerings
    • THE TIMKEN COMPANY
      • Table THE TIMKEN COMPANY - Vendor overview
      • Table THE TIMKEN COMPANY - Business segments
      • Table THE TIMKEN COMPANY - Organizational developments
      • Table THE TIMKEN COMPANY - Geographic focus
      • Table THE TIMKEN COMPANY - Segment focus
      • Table THE TIMKEN COMPANY - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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