Industrial Power Transmission Belt Market Size, Share & Forecast

1. Presents a Research Report on Industrial Power Transmission Belt Market Industrial Power Transmission Belt Market is Segmented by Application Type (General Industries, Energy & Others, Construction Materials, Food & Beverage, Warehouse & Distribution, Lumber & Aggregates, and Agriculture), by Belt Type (Synchronous Belt, V-Belt, Micro V-Belt, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Industrial Power Transmission Belt Market Growth and Forecast Highlights & Drivers • The industrial power transmission belt market is expected to grow at a healthy CAGR of 4.1% to be reaching a value of US$ 3.7 billion in 2026. • Industrial power transmission belts are favored in the mechanical industry over other power transmission devices because they are easier to install, have a wide range of speed options, lowered power loss, and are less expensive. • By absorbing shocks and vibration, industrial power transmission belts safeguard rotating machinery from overload fluctuations. These characteristics are projected to propel the industrial power transmission belts market. • The transformation of labor-intensive crop production to machine-based processes is boosting the industrial power transmission belt market during the anticipated period. • It is anticipated that the adoption of transmission belts will rise in the future, owing to its several advantages like high power transmission capacity, low noise, lower vibration, etc. • An increase in consumer disposable income will contribute to growth in the consumer goods industry, boosting manufacturing operations leading to the increasing demand for industrial power transmission belts.

3. Market Insights • By Application Type • Agriculture is expected to remain the biggest demand generator, whereas warehouse & distribution is expected to be the fastest-growing application type in the market during the forecast period. • Agriculture application registered no decline amid the pandemic as there were very limited restrictions on the agriculture industry due to its importance and necessities compared to other industries. • By Belt Type • V-belt is expected to remain the dominant belt type in the market during the forecast period. • V-belts are simple to install and reduce shock loads and require less maintenance. They are currently available in a wide range of configurations for transmitting virtually any amount of load power. • By System Type • Aftermarket is expected to remain dominant during the forecast period. • The industrial power transmission aftermarket is being driven by an increase in the replacement of worn belts with modernized power transmission belts.

4. Market Insights • By Region • Asia-Pacific is expected to remain the largest as well as the fastest-growing market for industrial power transmission belts during the forecast period. • China, India, Japan, and South Korea are expected to offer attractive prospects of growth in the wake of growing applications in industries such as construction, agricultural, chemical, pharmaceutical, warehouse & distribution, and mining.

5. Competitive Insights • Key Companies Analysed • AB SKF • Bando Group • Continental AG • Dayco Corporate • Gates Corporation • Megadyne (Ammega from 2018) • Mitsuboshi Belting Ltd. • Optibelt GmbH • Schaeffler Group • Timken (Carlisle)

6. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

7. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

8. Market Segmentation • Industrial Power Transmission Belt Market, by Application Type • General Industries (RegionalAnalysis: North America, Europe, Asia-Pacific, and RoW) • Energy & Others (RegionalAnalysis: North America, Europe, Asia-Pacific, and RoW) • Construction Materials (RegionalAnalysis: North America, Europe, Asia-Pacific, and RoW) • Food & Beverage (RegionalAnalysis: North America, Europe, Asia-Pacific, and RoW) • Warehouse & Distribution (RegionalAnalysis: North America, Europe, Asia-Pacific, and RoW) • Lumber & Aggregates (RegionalAnalysis: North America, Europe, Asia-Pacific, and RoW) • Agriculture (RegionalAnalysis: North America, Europe, Asia-Pacific, and RoW) • Industrial Power Transmission Belt Market, by Belt Type • Synchronous Belt (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • V-Belt (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Micro V-Belt (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Industrial Power Transmission Belt Market, by End User Type • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

9. Market Segmentation • Industrial Power Transmission Belt Market, by Region • North America (Country Analysis: USA, Canada, and Mexico) • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe) • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific) • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

10. About Stratview Research Stratview Research is a global market intelligence firm providing high quality syndicated reports, custom research and consulting services. Our Services Why Us? High Customer Delight Rich Industry Experience Robust Methodology Effective Business Decisions

11. Contact Us for More Information and Sample Pages Ask for Sample Pages here: https://www.stratviewresearch.com/Request-Sample/2376/industrial-power-transmission-belt-market.html#form Email us at: sales@stratviewrsearch.com Call Us: +1-313-307-4176