NEW YORK, Oct. 7, 2021 /PRNewswire/ -- The industrial belt drives market is set to grow by USD 1.19 billion from 2021 to 2025 progressing at a CAGR of 3.89% as per the latest market report by Technavio.
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The industrial belt drives market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The growing demand for automated material handling equipment and the growth of industrial machinery in developing countries is expected to have a positive impact on the growth of the industrial belt drives market during the forecast period.
Technavio analyzes the market by Product (Industrial V-belt drives, Industrial synchronous belt drives, and Industrial pulleys), End-user (Material handling industry, Industrial machinery sector, Agriculture industry, Mining and mineral industry, and Others), and Geography (APAC, North America, Europe, South America, and MEA).
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The industrial belt drives market covers the following areas:
Companies Mentioned
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Industrial Belt Drives Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.89% |
Market growth 2021-2025 |
$ 1.19 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.38 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 44% |
Key consumer countries |
US, China, Germany, Japan, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AB SKF, Dayco IP Holdings LLC, Fenner Drives Inc., Gates Industrial Corp. Plc, Goodyear Rubber Products Inc., Mitsuboshi Belting Ltd., Optibelt GmbH, 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 future consumer dynamics, market condition analysis for 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. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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SOURCE Technavio
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