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Global Industrial Variable Speed Belts Market 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12607
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This industry research report identifies Gates, Optibelt, ContiTech, and SKF as the key vendors in the global industrial variable speed belts market. This industry research report also presents a competitive analysis of the market by end user (industrial, agriculture, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global industrial variable speed belts market

Market research analysts at Technavio predict that the global industrial variable speed belts market will grow steadily during the next four years and post a CAGR of around 8% by 2021. This market research analysis identifies the growing adoption of machinery in developing countries as one of the primary growth factors for this market. It has been observed that major rise in purchasing power of these economies, along with increasing industrial activities in industries such as transmission manufacture, machine tool applications, and agricultural applications, is driving the developing countries on the path to economic prosperity. Power requirements in various regions have been triggered by augmented economic developments. As a result, more developing countries have increased their investments in energy – efficient products and technologies, which are now cost effective due to manufacturing advancements.

The market research report has identified the rise of smart electrical systems as one of the key trends responsible for the growth of this market. A shift has been observed from the traditional mechanical and fluid power systems to advanced electronic systems with remote access and diagnostic capabilities for enabling automation. Factories will be utilizing artificial intelligence for fully automated assembly lines. Smart machinery that can diagnose complications for predictive maintenance and can be wirelessly operated and remotely monitored will add to the operational efficiency of the factories. The market also benefits due to the advent of v belts that are cost effective and optimize performance as compared to competitors.

Competitive landscape and key vendors

Due to the presence of several global and local vendors, the industrial variable speed belt market appears to be highly fragmented. Additionally, it has been noted that the level of competition among the vendors is intense, and competitive pricing greatly affects a vendor’s presence in the market. The key players are relatively suffering from low-profit margins, which they plan to conquer by diversifying business to increase their product portfolio. The vendors are currently aiming to fulfill the customers demand for more diversified product options with more innovative and advanced products. International variable speed motor manufacturers dominate the market in terms of quality, features, functionalities, supply chain, and services but newer low-cost vendors are entering the variable speed pulley market.

The leading vendors in the market are –

  • ContiTech
  • Gates
  • Optibelt
  • SKF

The 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.

Segmentation by end-user and analysis of the industrial variable speed belts market

  • Industrial sector
  • Agricultural sector
  • Printing machines, snowmobiles, construction equipment, and use-case adjustable speed drive applications

During 2016, the industrial sector accounted for the major shares and dominated the variable speed pulley market. Factors such as the high demand for belts with varying dimensions, which are required by the industrial machinery manufacturing industry, will contribute to the growth of this industry segment in the coming years. Textile industry provides constant growth to the industry with its increasing demand for v belt pulley.

Geographical segmentation and analysis of the Industrial variable speed belts market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the variable speed pulley market throughout the forecast period fueled by the manufacturing industry. The export market is predicted to increase, which will subsequently spur the demand for industrial variable speed belts in the region. Demand for new machinery will give rise to the demand for industrial variable speed belts in the manufacturing and agriculture industry.

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 variable speed belts market?
  • What are the key market trends impacting the growth of the global industrial variable speed belts market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global industrial variable speed belts market?
  • What are the market opportunities and threats faced by the vendors in the global industrial variable speed belts 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 variable speed belts market? 

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Introduction

  • Key market highlights

PART 04: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 05: Market segmentation by end-user

  • Market overview
  • Global industrial variable speed belts market by industrial sector
  • Global industrial variable speed belts market by agricultural sector
  • Global industrial variable speed belts market by others

PART 06: Geographical segmentation

  • Market overview
  • Industrial variable speed belts market in EMEA
  • Industrial variable speed belts market in Americas
  • Industrial variable speed belts market in APAC

PART 07: Decision framework

PART 08: Drivers and challenges

  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments

PART 09: Market trends

  • Mechanization of agriculture and farm operations in developing economies
  • Rise of smart electrical systems
  • Increasing number of M&As

PART 10: Vendor landscape

  • Competitive scenario
  • Prominent vendors
  • Other prominent vendors

PART 11: Key vendor analysis

  • ContiTech
  • Gates
  • Optibelt
  • SKF

PART 12: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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