The global demand for Industrial V-Belt Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Industrial v-belts are friction-based torque or power transmitters. The power is transmitted from one pulley to the other, utilizing the friction between the belt and pulley. The working principle is quite similar to the conflict between the tire and road in the automobiles. V-belts play a vital role in transmitting mechanical power between different parts of a machine. These are available in a variety of standard sizes. These are broadly used in various industries such as food and beverages, metals and mining, agriculture, power, energy, automotive, etc.
Rapid industrialization with growing preferences for automation is driving the growth of the global industrial v-belt market. The increasing adoption of automation in the industrial sector, increasing initiatives by the government to support funding, and industrial development is boosting the usage of V-belts, thereby augmenting the growth of the market. The industrial v-belt market consists of some well-established players that design and produce industrial v- belts for various industries. Manufacturers are continually working on developing durable V-belts for sectors. Prominent players are increasing their focus on improving materials to enhance the performance of the industrial belt drive.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of industrial v-belt.
The entire industrial v-belt market has been sub-categorized into application and material. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Food and Beverage
- Oil and Gas
- Urethane Synthetic Materials
This section covers regional segmentation which accentuates on current and future demand for industrial v-belt market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Industrial V-Belt Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the industrial v-belt market include Montana International, Industrial belts corporation, Gates Corporation, Dayco, Fenner, ContiTech, Optibelt, Belt Technologies, Inc., Volta Belting Technology Ltd., Mitsuboshi Belting Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.