Global V-belts for Agricultural Machinery Market Growth 2026-2032
Description
The global V-belts for Agricultural Machinery market size is predicted to grow from US$ 1017 million in 2025 to US$ 1523 million in 2032; it is expected to grow at a CAGR of 6.5% from 2026 to 2032.
V-belts for agricultural machinery are rubber transmission belts specifically designed for power transmission systems in agricultural machinery. They have a trapezoidal (V-shaped) cross-section. Through friction with the pulley, they stably and efficiently transmit power generated by the engine or motor to various working parts of the agricultural machinery. Widely used in agricultural equipment such as tractors, harvesters, seeders, and threshers, they feature simple structure, smooth transmission, strong damping and shock absorption capabilities, and adaptability to complex working conditions. In 2024, global sales of V-belts for agricultural machinery reached 13 million units, with an average selling price of $80 per unit. V-belts for agricultural machinery typically have an annual production capacity of 800,000–1,000,000 units per production line; the overall gross profit margin of the industry is approximately 20%–40%. The upstream of the agricultural machinery V-belt industry chain mainly includes the supply of raw materials and basic materials, such as natural rubber and synthetic rubber, reinforcing chemical fiber cords (polyester fiber, aramid fiber, nylon, etc.), carbon black, additives and adhesive materials, etc.; the midstream consists of agricultural machinery V-belt R&D, design and manufacturing enterprises, responsible for core processes such as formula design, molding, vulcanization, and testing; the downstream mainly consists of agricultural machinery manufacturers and the aftermarket, with products ultimately applied to agricultural equipment such as tractors, harvesters, seeders, and silage harvesters, and sold through OEM (Original Equipment Manufacturer) and aftermarket.
Key drivers of the V-belts for agricultural machinery market include the continuous growth of agricultural mechanization and farm-scale operations, stable replacement demand driven by a large installed base of agricultural machinery, productivity improvement needs in developing regions, and the rigid demand for reliable power transmission components under harsh operating conditions. In addition, advances in materials and manufacturing technologies—such as improved wear resistance, heat resistance, and longer service life—support product upgrading and value growth. On the risk side, the industry is sensitive to fluctuations in raw material prices, particularly natural rubber, creating uncertainty in cost control and margin stability. The agricultural machinery sector is also cyclical, influenced by crop prices, government subsidies, and macroeconomic conditions. Intensifying competition, product homogenization at the low end, and quality or after-sales risks under extreme working conditions further pose challenges to profitability.
LP Information, Inc. (LPI) ' newest research report, the “V-belts for Agricultural Machinery Industry Forecast” looks at past sales and reviews total world V-belts for Agricultural Machinery sales in 2025, providing a comprehensive analysis by region and market sector of projected V-belts for Agricultural Machinery sales for 2026 through 2032. With V-belts for Agricultural Machinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world V-belts for Agricultural Machinery industry.
This Insight Report provides a comprehensive analysis of the global V-belts for Agricultural Machinery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on V-belts for Agricultural Machinery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global V-belts for Agricultural Machinery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for V-belts for Agricultural Machinery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global V-belts for Agricultural Machinery.
This report presents a comprehensive overview, market shares, and growth opportunities of V-belts for Agricultural Machinery market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Type A V-belt
Type B V-belt
Type C V-belt
Type D/E V-belt
Segmentation by Structure:
Wrapped V-belt
Raw-edge V-belt
Others
Segmentation by Material:
Standard Rubber Belt
Heat & Oil-resistant Belt
Aramid-reinforced Belt
Segmentation by Application:
Harvesters
Silage Harvesters
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mitsuboshi Belting
Gates Corporation
Optibelt
Bando Chemical Industrials
Hutchinson
PIX Transmissions Ltd.
Megadyne
Sanwei
SANLUX
Ruiniu
Guangde Tianpeng Industrial
Ruisheng
Weishi Jiulong Rubber and Plastic
Key Questions Addressed in this Report
What is the 10-year outlook for the global V-belts for Agricultural Machinery market?
What factors are driving V-belts for Agricultural Machinery market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do V-belts for Agricultural Machinery market opportunities vary by end market size?
How does V-belts for Agricultural Machinery break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
V-belts for agricultural machinery are rubber transmission belts specifically designed for power transmission systems in agricultural machinery. They have a trapezoidal (V-shaped) cross-section. Through friction with the pulley, they stably and efficiently transmit power generated by the engine or motor to various working parts of the agricultural machinery. Widely used in agricultural equipment such as tractors, harvesters, seeders, and threshers, they feature simple structure, smooth transmission, strong damping and shock absorption capabilities, and adaptability to complex working conditions. In 2024, global sales of V-belts for agricultural machinery reached 13 million units, with an average selling price of $80 per unit. V-belts for agricultural machinery typically have an annual production capacity of 800,000–1,000,000 units per production line; the overall gross profit margin of the industry is approximately 20%–40%. The upstream of the agricultural machinery V-belt industry chain mainly includes the supply of raw materials and basic materials, such as natural rubber and synthetic rubber, reinforcing chemical fiber cords (polyester fiber, aramid fiber, nylon, etc.), carbon black, additives and adhesive materials, etc.; the midstream consists of agricultural machinery V-belt R&D, design and manufacturing enterprises, responsible for core processes such as formula design, molding, vulcanization, and testing; the downstream mainly consists of agricultural machinery manufacturers and the aftermarket, with products ultimately applied to agricultural equipment such as tractors, harvesters, seeders, and silage harvesters, and sold through OEM (Original Equipment Manufacturer) and aftermarket.
Key drivers of the V-belts for agricultural machinery market include the continuous growth of agricultural mechanization and farm-scale operations, stable replacement demand driven by a large installed base of agricultural machinery, productivity improvement needs in developing regions, and the rigid demand for reliable power transmission components under harsh operating conditions. In addition, advances in materials and manufacturing technologies—such as improved wear resistance, heat resistance, and longer service life—support product upgrading and value growth. On the risk side, the industry is sensitive to fluctuations in raw material prices, particularly natural rubber, creating uncertainty in cost control and margin stability. The agricultural machinery sector is also cyclical, influenced by crop prices, government subsidies, and macroeconomic conditions. Intensifying competition, product homogenization at the low end, and quality or after-sales risks under extreme working conditions further pose challenges to profitability.
LP Information, Inc. (LPI) ' newest research report, the “V-belts for Agricultural Machinery Industry Forecast” looks at past sales and reviews total world V-belts for Agricultural Machinery sales in 2025, providing a comprehensive analysis by region and market sector of projected V-belts for Agricultural Machinery sales for 2026 through 2032. With V-belts for Agricultural Machinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world V-belts for Agricultural Machinery industry.
This Insight Report provides a comprehensive analysis of the global V-belts for Agricultural Machinery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on V-belts for Agricultural Machinery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global V-belts for Agricultural Machinery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for V-belts for Agricultural Machinery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global V-belts for Agricultural Machinery.
This report presents a comprehensive overview, market shares, and growth opportunities of V-belts for Agricultural Machinery market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Type A V-belt
Type B V-belt
Type C V-belt
Type D/E V-belt
Segmentation by Structure:
Wrapped V-belt
Raw-edge V-belt
Others
Segmentation by Material:
Standard Rubber Belt
Heat & Oil-resistant Belt
Aramid-reinforced Belt
Segmentation by Application:
Harvesters
Silage Harvesters
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mitsuboshi Belting
Gates Corporation
Optibelt
Bando Chemical Industrials
Hutchinson
PIX Transmissions Ltd.
Megadyne
Sanwei
SANLUX
Ruiniu
Guangde Tianpeng Industrial
Ruisheng
Weishi Jiulong Rubber and Plastic
Key Questions Addressed in this Report
What is the 10-year outlook for the global V-belts for Agricultural Machinery market?
What factors are driving V-belts for Agricultural Machinery market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do V-belts for Agricultural Machinery market opportunities vary by end market size?
How does V-belts for Agricultural Machinery break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
120 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for V-belts for Agricultural Machinery by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for V-belts for Agricultural Machinery by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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