Global Industrial Synchronous Timing Belts Market 2017-2021

Overview of the global industrial synchronous timing belts market

Market research analysts at Technavio predict that the global industrial synchronous timing belts market will grow steadily over the next four years and post a CAGR of more than 4% by 2021. This market research analysis identifies the rising adoption of synchronous belts over V-belts as one of the key growth factors for the global industrial synchronous timing belts market. The manufacturing industry is slowly shifting toward the adoption of synchronous belts as compared to V-belts. The growing adoption toward the belt can be affiliated to the challenges faced by V-belts such as tension, vibration, and low-efficiency. The synchronous timing belts are mainly preferred among high-speed applications, owing to the robust benefits of managing overloads and cost-efficiency. Moreover, additional benefits such as limited maintenance and re-tensioning will also drive the growth of the industrial synchronous timing belts market over the next few years.

To increase the efficiency of farm operations, governments across the globe are introducing initiatives to leverage the use of industrial resources, which will also drive the growth of the market. Moreover, the developing economies already rely completely on advanced machinery to enhance their agricultural production. Additionally, to promote the adoption of effective and advanced farm equipment, the governments of various countries are also providing a number of subsidies, which will again fuel the growth prospects of the industrial synchronous timing belts market.

Competitive landscape and key vendors

The industrial synchronous timing belts market is characterized by the presence of both international and local vendors. To retain their existing position in the market, prominent players are focusing on increasing their product portfolios through innovations. The vendors in the market are competing with their counterparts based on factors such as quality, features, functionalities, supply chain, and services. Also, to highlight their products in the market, vendors are also offering customized synchronized timing belts to end-users.

The leading vendors in the market are ?

• ContiTech
• Gates
• Optibelt
• SKF

The 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.

Market segmentation by end-user and analysis of the industrial synchronous timing belts market

• Material handling industry
• Automation industry
• Food and beverages industry

During 2016, the material handling industry was the major end-user to the industrial synchronous timing belts market. The growing investments and developments in machine tool applications, food processing, and agricultural machinery to reduce downtime and to enhance the overall efficiency are further propeling the growth of the market in this segment. Moreover, the incorporation of automation into the existing machinery will also fuel the growth of the market in the coming years.

Geographical segmentation and analysis of the industrial synchronous timing belts market

• Americas
• APAC
• EMEA

EMEA accounted for the major share of the industrial synchronous timing belts market during 2016. The rapid influx of robust machinery in the material handling application and manufacturing industries is contributing to the growth of the market. Additionally, the export market for industrial machinery in Germany is also spurring the growth of the industrial synchronous timing belts market in this region. Also, the extensive use of heavy-duty and oil-resistant synchronous timing belts for oil and gas operations also contributes to the growth of the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial synchronous timing belts market?
• What are the key market trends impacting the growth of the global industrial synchronous timing belts market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial synchronous timing belts market?
• What are the market opportunities and threats faced by the vendors in the global industrial synchronous timing belts market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global industrial synchronous timing belts market?

 Technavio also offers customization on reports based on specific client requirement.

Industrial synchronous timing belts are advanced belts used for power transmission, used in lightweight to heavyweight industrial applications, with high efficiency. To help clients gain an actionable intelligence, market research firm Technavio provides an extensive collection of industry research reports on several aspects of the industrial automation industry.

Our forthcoming market research report on industrial synchronous timing belts market for the prediction period of 2017 to 2021 will support clients infer the constantly changing landscape of the industrial automation industry. The impending report on industrial synchronous timing belts market also considers into account the growth of the corresponding markets such as automatic tray loading system market and industrial V-belts market, that are expected to project a CAGR of almost 5% and above 4% until 2021. According to our research analysts, the steadily growing retrofit activities in industrial machinery is expected to contribute to the growth of this market during the next few years.

The upcoming industry research report on industrial synchronous timing belts market also identifies the primary drivers, impending trends, coupled with the imminent challenges currently experienced by the automation sector.