Global Industrial Sheaves and Pulleys Market 2018-2022

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Overview of the global industrial sheaves and pulleys market

Technavio’s market research analysts have identified the need to increase productivity and reduce total cost of ownership as one of the primary factors that will trigger the growth of the industrial sheaves and pulleys market in the coming years. The industrial sector is facing a tough challenge to improve productivity and bring in energy efficiency. Manufacturing industries are taking adequate steps to improve their total productivity and energy efficiency and reduce the total cost of ownership. The utilization of industrial sheaves and pulleys aids industries in conforming to energy efficient norms and this factor helps in increasing their productivity. Technavio’s market research analysts predict that this global market will post a revenue close to USD 1500 million by 2022.

One of the key trends in the industrial sheaves and pulleys market is the emergence of smart idlers. An idler is a type of pulley that is extensively used in material handling, power transmission, packaging, and construction equipment. To ensure smooth operations of the conveyors, a significant number of idlers are integrated into a conveyor belt.

Companies covered

The industrial sheaves and pulleys market is characterized by several vendors. This industry research report offers in-depth analysis of the competitive strategies adopted by the industrial sheaves and pulleys manufacturers to sustain among the competitors in the market. Technavio’s analysts also study the key market areas along with the product offerings of the vendors in the market.

The report includes an analysis of a number of companies in this marketspace including -

• Fenner
• Optibelt
• Regal Beloit
• SKF
• Timken
• Tsubaki

Geographical segmentation and analysis of the industrial sheaves and pulleys market

• Americas
• APAC
• EMEA

Our analysts have predicted that in terms of geographic regions, the market will witness considerable growth in EMEA during the next few years. The proliferation of e-commerce in Europe has propelled the growth of material handling equipment in Europe. Moreover, the growing focus of industrial sheaves and pulleys manufactures on the production of sheaves and pulleys will also drive the market.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global industrial sheaves and pulleys market?
• What are the key market trends impacting the growth of the global industrial sheaves and pulleys market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial sheaves and pulleys market?
• What are the market opportunities and threats faced by the vendors in the global industrial sheaves and pulleys market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial sheaves and pulleys market?

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