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Global Industrial Variable Speed Belts Market 2017-2021

Global Industrial Variable Speed Belts Market 2017-2021

About Industrial Variable Speed Belts

Industrial variable speed belts are used in applications wherein changes in speed during operation are common. They are a part of the V-belt family. However, they differ in shape considerably as compared with the standard V-belt, which has a distinctly broader width and a narrower thickness. The global industrial variable speed belts market focuses on variable speed belts that are used in drive applications in machinery with varying drive ratios.

Technavio’s analysts forecast the global industrial variable speed belts market to grow at a CAGR of 7.89% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial variable speed belts market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Variable Speed 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
  • Goodyear Rubber
  • Hi-Lo Manufacturing
  • Lian Eng
  • Lovejoy
  • Megadyne
  • Pixtrans
  • Q-Power
  • Rubena
  • San Wu Rubber
  • Timken
  • TOYOPOWER
Market driver
  • Rise in energy saving through smart and efficient technologies in belt drives
  • For a full, detailed list, view our report
Market challenge
  • Lack of predictive maintenance
  • For a full, detailed list, view our report
Market trend
  • Rise of smart electrical systems
  • 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 Variable Speed Belts Market 2017-2021

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

Other Prominent Vendors in the market are: Goodyear Rubber, Hi-Lo Manufacturing, Lian Eng, Lovejoy, Megadyne, Pixtrans, Q-Power, Rubena, San Wu Rubber, Timken and TOYOPOWER.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise of smart electrical systems. At present, there has been a change from the practice of conventional mechanical and fluid power systems to advanced smart electrical systems for enabling automation with remote access and diagnostic capabilities. In the future, many factories will have fully automated assembly lines assisted by artificial intelligence.”

According to the report, one driver in the market is rise in energy saving through smart and efficient technologies in belt drives. Energy-efficiency is becoming a rising concern for the industrial sector. This is because on an average around 10% of the operational cost is entailed by electricity. This number increases to 40% in energy-intensive industries such as oil and gas, food and beverages, and power. The awareness of energy savings has gained substantial momentum in the recent years. Government bodies of Europe and North America have taken concerted steps in ensuring that plant equipment such as pumps, motors, and fans adapt to energy-efficiency standards.

Further, the report states that one challenge in the market is lack of predictive maintenance. Predictive maintenance is a precautionary maintenance to rectify an error in a machine before it completely breaks down. This type of maintenance is essential for efficient, reliable, and safe production process. Variable speed belt drives are cost-effective and reliable means for transmitting power between shafts. The lack of predictive maintenance in a variable speed belt drive system will result in vibration and reduced efficiency by 10%–20%. Predictive maintenance can be applied in all drive systems through the inspection of non-destructive testing such as oil analysis, vibration analysis, infrared testing, and other techniques.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-automation-global-automation-industrial-variable-speed-belts-market-2017-2021

Companies Mentioned

ContiTech, Gates, Optibelt, SKF, Goodyear Rubber, Hi-Lo Manufacturing, Lian Eng, Lovejoy, Megadyne, Pixtrans, Q-Power, Rubena, San Wu Rubber, Timken and TOYOPOWER.

  • Executive summary
  • Scope of the report
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Market landscape
    • Market size and forecast
      • Table Market size and forecast of global industrial variable speed belts ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table End-user segmentation
      • Table Market segmentation based on end-users during 2016 and 2021
    • Global industrial variable speed belts market by industrial sector
      • Table Market size and forecast by industrial sector in 2016-2021 ($ millions)
    • Global industrial variable speed belts market by agricultural sector
      • Table Market size and forecast by agricultural sector in 2016-2021 ($ millions)
    • Global industrial variable speed belts market by others
      • Table Market size and forecast by others in 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Geographical segmentation in 2016 and 2021
    • Industrial variable speed belts market in EMEA
      • Table Industrial variable speed belts market in EMEA in 2016-2021 ($ millions)
    • Industrial variable speed belts market in Americas
      • Table Industrial variable speed belts market in Americas in 2016-2021 ($ millions)
    • Industrial variable speed belts market in APAC
      • Table Industrial variable speed belts market in EMEA ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of Drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Mechanization of agriculture and farm operations in developing economies
    • Rise of smart electrical systems
    • Increasing number of M&As
      • Table Recent M&As in global industrial variable speed belts market
  • Vendor landscape
    • Competitive scenario
    • Prominent vendors
      • Table Prominent vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ContiTech
      • Table ContiTech: Product segments
      • Table ContiTech: Industrial variable speed belts product portfolio
      • Table ContiTech: Key highlights
    • Gates
      • Table Gates: Product segments
      • Table Gates: Industrial variable speed belts product portfolio
      • Table Gates: Key highlights
    • Optibelt
      • Table Optibelt: Product segments
      • Table Optibelt: Industrial variable speed belts product portfolio
      • Table Optibelt: Key highlights
    • SKF
      • Table SKF: Product segments
      • Table SKF: Industrial variable speed belts product portfolio
      • Table SKF: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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