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Global Industrial Synchronous Timing Belts Market 2017-2021

Global Industrial Synchronous Timing Belts Market 2017-2021

About Industrial Synchronous Timing Belts

Industrial synchronous timing belts are advanced belts used for power transmission, used in lightweight to heavyweight industrial applications, with high efficiency. They transmit power with positive engagement between teeth. These belts are installed in all end-user orientations for efficient machinery functions.

Technavio’s analysts forecast the global industrial synchronous timing belts market to grow at a CAGR of 4.25% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial synchronous timing belts market for 2017-2021. To calculate the market size, the report considers the sales, retrofit, replacement, spares, and services market.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Synchronous Timing Belts 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
  • ContiTech
  • Gates
  • Optibelt
  • SKF
Other prominent vendors
  • B&B Manufacturing
  • Bervina
  • BRECOflex
  • Fenner
  • Forbo
  • Fuju Belt
  • Habasit
  • Hutchison
  • Megadyne
  • Mitsuboshi Belting
  • Pix Transmissions
  • Embekon Engineers
  • Tempo International
  • Timken
  • WM Berg
  • Wutong
Market driver
  • Growing retrofit activities in industrial machinery
  • For a full, detailed list, view our report
Market challenge
  • Lack of predictive maintenance
  • For a full, detailed list, view our report
Market trend
  • Mechanization of agriculture and farm operations in developing economies
  • 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 Industrial Synchronous Timing Belts Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial synchronous timing belts market: ContiTech, Gates, Optibelt, and SKF.

Other Prominent Vendors in the market are: B&B Manufacturing, Bervina, BRECOflex, Fenner, Forbo, Fuju Belt, Habasit, Hutchison, Megadyne, Mitsuboshi Belting, Pix Transmissions, Embekon Engineers, Tempo International, Timken, WM Berg, and Wutong.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is mechanization of agriculture and farm operations in developing economies. Industrial manufacturers in the field of agricultural mechanization will play an important role in the industrial synchronous timing belts market. This will improve the adoption of agricultural equipment, improving the growth of the global industrial synchronous timing belts market during the forecast period. Initiatives by governments in developing countries such as India and China will highly prioritize the use of industrial resources for efficient farm operations.”

According to the report, one of the major drivers for this market is growing retrofit activities in industrial machinery. The growing retrofit activities in advanced machinery and equipment to increase productivity through lower downtimes has created a sizable replacement and retrofit market for industrial synchronous timing belts. The manufacturing sector in APAC is continually growing. Countries such as India and China are currently undergoing major development initiatives owing to government initiatives to bolster the domestic manufacturing sector.

Further, the report states that one of the major factors hindering the growth of this market is lack of predictive maintenance. Predictive maintenance is the complement of precautionary maintenance. It is necessary for a machine before the equipment experiences a complete breakdown. This, in turn, is essential to obtain efficient, reliable, and safe production processes. This is when it is essential for the application of synchronous timing belts. These belt drives are cost-effective and reliable means for transmitting power between shafts, and it provides an efficiency of 98%.

Companies Mentioned

ContiTech, Gates, Optibelt, SKF, B&B Manufacturing, Bervina, BRECOflex, Fenner, Forbo, Fuju Belt, Habasit, Hutchison, Megadyne, Mitsuboshi Belting, Pix Transmissions, Embekon Engineers, Tempo International, Timken, WM Berg, and Wutong.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Market landscape
    • Market size and forecast
      • Table Market size and forecast of global industrial synchronous timing belts ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global industrial synchronous timing belts market by product segmentation
      • Table Global industrial synchronous timing belts market by product segmentation in 2016 and 2021
    • Global rubber industrial synchronous timing belts market
      • Table Market size and forecast for global rubber industrial synchronous timing belts market during 2016-2021 ($ billions)
    • Global polyurethane industrial synchronous timing belts market
      • Table Market size and forecast for global polyurethane industrial synchronous timing belts market during 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Global industrial synchronous timing belts market by end-users: Segmentation
      • Table Global industrial synchronous timing belts market by end-users during 2016 and 2021
    • Global industrial synchronous timing belts market by material handling industry
      • Table Market size and forecast of global industrial synchronous timing belts market by material handling industry 2016-2021 ($ billions)
    • Global industrial synchronous timing belts market by others
      • Table Market size and forecast of global industrial synchronous timing belts market by others in 2016-2021 ($ billions)
    • Global industrial synchronous timing belts market by automation industry
      • Table Market size and forecast of global industrial synchronous timing belts market by automation industry in 2016-2021 ($ billions)
    • Global industrial synchronous timing belts market by food and beverages industry
      • Table Market size and forecast of global industrial synchronous timing belts market by food and beverages industry in 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Geographical segmentation in 2016 and 2021
    • Industrial synchronous timing belts market in EMEA
      • Table Industrial synchronous timing belts market in EMEA in 2016-2021 ($ billions)
    • Industrial synchronous timing belts market in Americas
      • Table Industrial synchronous timing belts market in Americas in 2016-2021 ($ billions)
    • Industrial synchronous timing belts market in APAC
      • Table Industrial synchronous timing belts market in APAC in 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Mechanization of agriculture and farm operations in developing economies
    • Rising improvements in industrial synchronous timing belts
    • Increasing number of M&As
      • Table Recent M&As in synchronous timing belts market
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ContiTech
      • Table ContiTech: Product segments
      • Table ContiTech: Industrial synchronous timing belts product portfolio
      • Table ContiTech: Key highlights
    • Gates
      • Table Gates: Product segments
      • Table Gates: Industrial synchronous timing belts product portfolio
      • Table Gates: Key highlights
    • Optibelt
      • Table Optibelt: Product segments
      • Table Optibelt: Industrial synchronous timing belts product portfolio
      • Table Optibelt: Key highlights
    • SKF
      • Table SKF: Product segments
      • Table SKF: Industrial synchronous timing belts product portfolio
      • Table SKF: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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