Industrial Synchronous Belt Drives Market by End-user and Geography - Forecast and Analysis 2021-2025
- Published: May 2021
- Pages: 120
- SKU: IRTNTR43613
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The industrial synchronous belt drives market has the potential to grow by USD 518.13 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.27%.
This industrial synchronous belt drives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (material handling, industrial machinery, agriculture, mining and mineral, and others) and geography (APAC, North America, Europe, South America, and MEA). The industrial synchronous belt drives market report also offers information on several market vendors, including AB SKF, ABB Ltd., B&B Manufacturing Inc., Bando Chemical Industries Ltd., Continental AG, Gates Industrial Corp. Plc, J. H. Fenner & Co. Ltd., Mitsuboshi Belting Ltd., Optibelt GmbH, and The Timken Co. among others.
What will the Industrial Synchronous Belt Drives Market Size be in 2021?
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Industrial Synchronous Belt Drives Market: Key Drivers and Trends
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The large volume demand from aftermarket is notably driving the industrial synchronous belt drives market growth, although factors such as operational challenges in synchronous belt drives may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the industrial synchronous belt drives market industry get your FREE report sample now.
This industrial synchronous belt drives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major Industrial Synchronous Belt Drives Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AB SKF
- ABB Ltd.
- B&B Manufacturing Inc.
- Bando Chemical Industries Ltd.
- Continental AG
- Gates Industrial Corp. Plc
- J. H. Fenner & Co. Ltd.
- Mitsuboshi Belting Ltd.
- Optibelt GmbH
- The Timken Co.
The industrial synchronous belt drives market is fragmented and the vendors are deploying growth strategies such as differentiating their product offerings through a clear and unique value proposition to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the industrial synchronous belt drives market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Industrial Synchronous Belt Drives Market?
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45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial synchronous belt drives market in APAC. Market growth in this region will be slower than the growth of the market in South America.
Strong demand for the belts from end-users, such as agriculture, pharmaceutical, mining and mineral, and construction material will facilitate the industrial synchronous belt drives market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating End-user Segments in the Industrial Synchronous Belt Drives Market?
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Material handling is the movement of goods from their native site to the point of use in manufacturing and the movement of goods in production processes. This segment includes material handling carried out via industrial synchronous belt drives in industries such as healthcare, manufacturing, and warehousing. The growth of these industries will support the demand for material handling equipment during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial synchronous belt drives market size.
What are the Key Factors Covered in this Industrial Synchronous Belt Drives Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive industrial synchronous belt drives market growth during the next five years
- Precise estimation of the industrial synchronous belt drives market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial synchronous belt drives industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial synchronous belt drives market vendors
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Large volume demand from aftermarket
- Growing improvement in industrial synchronous belt drives
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