Industrial Belt Drives Market Analysis North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Size and Forecast 2023-2027

Published: Sep 2023 Pages: 178 SKU: IRTNTR43552

Industrial Belt Drives Market 2023-2027:

The industrial belt drives market size is estimated to grow at a CAGR of 4.36% between 2022 and 2027. The market size is forecast to increase by USD 1,448.93 million. The growth of the market depends on several factors, such as the Growing demand for automated material-handling equipment, the growth of industrial machinery in developing countries, and the increase in replacement activities. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This report extensively covers market segmentation by end-user (material handling industry, industrial machinery sector, agriculture industry, mining and mineral industry, and others), product (industrial v-belt drives, industrial synchronous belt drives, and industrial pulleys), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the Industrial Belt Drives Market During the Forecast Period?

Industrial Belt Drives Market Forecast 2023-2027

To learn more about this report,  Request Free Sample

Industrial Belt Drives Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver- Growing demand for automated material handling equipment

Industrial players are increasingly focusing on post-manufacturing operations and exploring cost-cutting opportunities in material handling through lean management principles. In order to increase customer satisfaction, they are also focused on speeding up cash flow. This has necessitated the adoption of automated material handling equipment and is expected to impact various aspects of material handling, including loading.

Moreover, automated material handling equipment is a part of the material handling industry. The market is driven by the fact that the material handling industry contributes significantly to the global industrial belt, and the adoption of automated material handling equipment has increased the demand for industrial belt drives. Therefore, the growing demand for automated material handling equipment will drive the growth of the global industrial belt market during the forecast period.

Trends- Mechanization of agriculture and farm operations in developing economies

Mechanization of agriculture and farm operations in developing economies will play an important role in the global industrial belt drives market. Industrial machines are to be adopted by developing countries, which have a high dependence on agriculture. The subsidization of farm equipment by governments is driving the adoption of farm equipment and related machinery in developing regions, which is positively influencing the respective markets.

However, the increase in investments in assets and improved cash flows among machinery owners will lead to the replacement of older equipment with new machinery. Therefore, such factors will drive the growth of the global industrial belt drives market during the forecast period.

Challenge- Inefficiency in high-precision applications and difficulty in operating in harsh environmental conditions

Applications such as conveyors, metal-cutting machines, textiles, steel processing, and packing require high precision in rotor movement with high speed, hollow shaft, and low vibration. Unwanted noise can also be created by worn belts and the whole connected system may be irreparably damaged. Belt drives cannot provide the exact synchronization between two shafts due to slippage, though synchronized timing belts are available.

However, end-users prefer electric motor integrated drive systems. High-precision motors such as stepper and servo motors provide controlled torque and precision in angular movement. These motors eliminate problems caused by induction and brushed DC motors, so as to make applications run smoothly. Factors such as the inefficiency in high-precision applications and difficulty in operating in harsh environmental conditions will negatively impact the growth of the global industrial belt drives market during the forecast period.

Industrial Belt Drives Market Segmentation by End-user

End-user Segment Analysis:

The market share growth by the material handling industry segment will be significant during the forecast period. The material handling segment accounts for a large portion of the global industrial belt drives market. This segment includes oil and gas, mining, medical, machine tools, and wood industries. Industrial belt drives such as Vnaught belts or Synchronous Belt Drives are used widely for the handling of materials.

Get a Customised Report as per your requirements for FREE!

The material handling industry segment showed a gradual increase in the market share of USD 1,783.57 million in 2017 and continued to grow by 2021. Material handling equipment is also used for storing and dispatching materials. In the market segment, there has been strong growth in 2019 as more and more automated material equipment is adopted. In addition, healthcare, retail, manufacturing, and automotive industries have increasingly been adopting automated material handling systems such as automated guided vehicles, automated storage and retrieval systems, and conveyor systems. This will aid in the growth of the material handling industry segment in the global industrial belt drives market during the forecast period.

Product Segment Analysis:

Industrial V-belts are friction-based power or torque transmitters used for the transmission of power from one pulley to another by means of friction between the belt and the pulley. A significant advantage of V-belts over other types of belt friction drives is the wedging effect of the belt around a pulley that pushes into the sheave to create the required low belt tension. Mainly because of its relatively low price, easy installation, and size range, the V-belt is the most commonly used drive in industrial applications. The availability of improved belt types with higher efficiency, such as synchronized, has affected the growth rate of the industrial V-belt drives market segment. However, low cost, wide variety range, and high availability of V-belts make them the preferred choice in industrial applications. Therefore, the industrial V-belt drives segment will continue to grow during the forecast period. 

Regional Analysis

For more insights on the market share of various regions View PDF Sample now!

APAC is estimated to contribute 42% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The industrial belt drives market in APAC is expected to register one of the fastest growth rates during the forecast period. China's contribution to revenue is substantial and accounts for the largest market of industrial belt drive in Asia Pacific. A primary factor for the growth of the market in focus is the growing demand for industrial belt drives from developing countries such as China and India.

Moreover, the oil and gas exploration and mining projects are in the pipeline in Countries in APAC. The improving economic performance in South Asia has attracted significant investments in process and discrete industries. In order to gain an advantage over competitors, plant modernization has become a new tool. As industrial players enter this price-sensitive market, they need to focus on ramping up their production rate without compromising the quality of the product. Hence, the demand for industrial belt drives is increasing steadily in the APAC region, which, in turn, will propel the growth of the industrial belt drives market in the region during the forecast period.

The outbreak of COVID-19 had a severe negative impact on many countries in the region, such as Japan, South Korea, India, and others, and resulted in the shutdown of all industrial activities in 2020. However, the government initiatives such as conducting massive vaccination drives across the region in the first half of 2021, helped to stabilize the situation and led to the resumption of business operations in all the industrial and manufacturing units. The resumption of business operations in the end-user industries such as the agricultural industry and others, drive the demand for industrial belt drives in the region. Moreover, the growth in the construction industry in the region will foster the growth of the regional industrial belt drives market. Therefore, the industrial belt drives market in the region will grow significantly during the forecast period.

Who are the Major Industrial Belt Drives Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB SKF- The company offers industrial belt drive products such as plant belt drive mapping services.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

B and B Manufacturing Inc., Bando Chemical Industries Ltd., BEHA Innovation GmbH, BTL UK LTD., Dayco IP Holdings LLC, FLEXER, Gates Industrial Corp. Plc, Goodyear Rubber Products Inc., Ino Industrial Belting Co. Ltd., MEGADYNE S.P.A, Michelin Group, Mitsuboshi Belting Ltd., Navyug India Ltd., Optibelt GmbH, PIX Transmissions Ltd., Schaeffler AG, The Timken Co., and TotalEnergies SE.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The industrial belt drives market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Million, 2017 - 2027)
    • Material handling industry
    • Industrial machinery sector
    • Agriculture industry
    • Mining and mineral industry
    • Others
  • Product Outlook (USD Million, 2017 - 2027)
    • Industrial V-belt drives
    • Industrial synchronous belt drives
    • Industrial pulleys
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Industrial Belt Drives Market Scope

Report Coverage

Details

Page number

178

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2023-2027

USD 1,448.93 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.92

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB SKF, B and B Manufacturing Inc., Bando Chemical Industries Ltd., BEHA Innovation GmbH, BTL UK LTD., Dayco IP Holdings LLC, FLEXER, Gates Industrial Corp. Plc, Goodyear Rubber Products Inc., Ino Industrial Belting Co. Ltd., MEGADYNE S.P.A, Michelin Group, Mitsuboshi Belting Ltd., Navyug India Ltd., Optibelt GmbH, PIX Transmissions Ltd., Schaeffler AG, The Timken Co., and TotalEnergies SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Industrial Belt Drives Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the Industrial Belt Drives Market between 2023 and 2027
  • Precise estimation of the size of the industrial belt drives market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of industrial belt drives market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global industrial belt drives market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global industrial belt drives market 2017 - 2021 ($ million)
    • 4.2 End-User Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Material handling industry - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Material handling industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Material handling industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Material handling industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Material handling industry - Year-over-year growth 2022-2027 (%)
    • 6.4 Industrial machinery sector - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Industrial machinery sector - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Industrial machinery sector - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Industrial machinery sector - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Industrial machinery sector - Year-over-year growth 2022-2027 (%)
    • 6.5 Agriculture industry - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Agriculture industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Agriculture industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Agriculture industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Agriculture industry - Year-over-year growth 2022-2027 (%)
    • 6.6 Mining and mineral industry - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Mining and mineral industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Mining and mineral industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Mining and mineral industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Mining and mineral industry - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 56: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 58: Chart on Comparison by Product
      • Exhibit 59: Data Table on Comparison by Product
    • 7.3 Industrial V-belt drives - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Industrial V-belt drives - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Industrial V-belt drives - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Industrial V-belt drives - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Industrial V-belt drives - Year-over-year growth 2022-2027 (%)
    • 7.4 Industrial synchronous belt drives - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Industrial synchronous belt drives - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Industrial synchronous belt drives - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Industrial synchronous belt drives - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Industrial synchronous belt drives - Year-over-year growth 2022-2027 (%)
    • 7.5 Industrial pulleys - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Industrial pulleys - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Industrial pulleys - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Industrial pulleys - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Industrial pulleys - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 72: Market opportunity by Product ($ million)
      • Exhibit 73: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 AB SKF
              • Exhibit 127: AB SKF - Overview
              • Exhibit 128: AB SKF - Business segments
              • Exhibit 129: AB SKF - Key news
              • Exhibit 130: AB SKF - Key offerings
              • Exhibit 131: AB SKF - Segment focus
            • 12.4 B and B Manufacturing Inc.
              • Exhibit 132: B and B Manufacturing Inc. - Overview
              • Exhibit 133: B and B Manufacturing Inc. - Product / Service
              • Exhibit 134: B and B Manufacturing Inc. - Key offerings
            • 12.5 Bando Chemical Industries Ltd.
              • Exhibit 135: Bando Chemical Industries Ltd. - Overview
              • Exhibit 136: Bando Chemical Industries Ltd. - Business segments
              • Exhibit 137: Bando Chemical Industries Ltd. - Key offerings
              • Exhibit 138: Bando Chemical Industries Ltd. - Segment focus
            • 12.6 BEHA Innovation GmbH
              • Exhibit 139: BEHA Innovation GmbH - Overview
              • Exhibit 140: BEHA Innovation GmbH - Product / Service
              • Exhibit 141: BEHA Innovation GmbH - Key offerings
            • 12.7 BTL UK LTD.
              • Exhibit 142: BTL UK LTD. - Overview
              • Exhibit 143: BTL UK LTD. - Product / Service
              • Exhibit 144: BTL UK LTD. - Key offerings
            • 12.8 Dayco IP Holdings LLC
              • Exhibit 145: Dayco IP Holdings LLC - Overview
              • Exhibit 146: Dayco IP Holdings LLC - Product / Service
              • Exhibit 147: Dayco IP Holdings LLC - Key offerings
            • 12.9 FLEXER
              • Exhibit 148: FLEXER - Overview
              • Exhibit 149: FLEXER - Product / Service
              • Exhibit 150: FLEXER - Key offerings
            • 12.10 Gates Industrial Corp. Plc
              • Exhibit 151: Gates Industrial Corp. Plc - Overview
              • Exhibit 152: Gates Industrial Corp. Plc - Business segments
              • Exhibit 153: Gates Industrial Corp. Plc - Key offerings
              • Exhibit 154: Gates Industrial Corp. Plc - Segment focus
            • 12.11 Goodyear Rubber Products Inc.
              • Exhibit 155: Goodyear Rubber Products Inc. - Overview
              • Exhibit 156: Goodyear Rubber Products Inc. - Product / Service
              • Exhibit 157: Goodyear Rubber Products Inc. - Key offerings
            • 12.12 Ino Industrial Belting Co. Ltd.
              • Exhibit 158: Ino Industrial Belting Co. Ltd. - Overview
              • Exhibit 159: Ino Industrial Belting Co. Ltd. - Product / Service
              • Exhibit 160: Ino Industrial Belting Co. Ltd. - Key offerings
            • 12.13 Michelin Group
              • Exhibit 161: Michelin Group - Overview
              • Exhibit 162: Michelin Group - Business segments
              • Exhibit 163: Michelin Group - Key news
              • Exhibit 164: Michelin Group - Key offerings
              • Exhibit 165: Michelin Group - Segment focus
            • 12.14 Mitsuboshi Belting Ltd.
              • Exhibit 166: Mitsuboshi Belting Ltd. - Overview
              • Exhibit 167: Mitsuboshi Belting Ltd. - Product / Service
              • Exhibit 168: Mitsuboshi Belting Ltd. - Key offerings
            • 12.15 Optibelt GmbH
              • Exhibit 169: Optibelt GmbH - Overview
              • Exhibit 170: Optibelt GmbH - Product / Service
              • Exhibit 171: Optibelt GmbH - Key offerings
            • 12.16 Schaeffler AG
              • Exhibit 172: Schaeffler AG - Overview
              • Exhibit 173: Schaeffler AG - Business segments
              • Exhibit 174: Schaeffler AG - Key offerings
              • Exhibit 175: Schaeffler AG - Segment focus
            • 12.17 The Timken Co.
              • Exhibit 176: The Timken Co. - Overview
              • Exhibit 177: The Timken Co. - Business segments
              • Exhibit 178: The Timken Co. - Key news
              • Exhibit 179: The Timken Co. - Key offerings
              • Exhibit 180: The Timken Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 181: Inclusions checklist
                • Exhibit 182: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 183: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 184: Research methodology
                • Exhibit 185: Validation techniques employed for market sizing
                • Exhibit 186: Information sources
              • 13.5 List of abbreviations
                • Exhibit 187: 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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

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

              Quantitative

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

              PURCHASE FULL REPORT OF

              industrial belt drives market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis