Belt Drives Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Belt Drives market is expected grow at a CAGR of 5.6% during the forecast period of 2017 to 2026.

Gaithersburg, MD, US – May 24, 2018 /MarketersMedia/ —

Growing developments in materials, increasing adoption from automobile sector, and cost effectiveness of belt drives are some of the factors propelling the market growth during the forecast period. In addition, growing investments in renovating industrial plants is also favouring the market growth. On the other hand, durability issues are hindering the market growth.

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A belt is a looped strip of flexible material used to mechanically link two or more rotating shafts. A belt drive offers smooth transmission of power between shafts at a considerable distance. Belt drives are used as the source of motion to transfer to efficiently transmit power or to track relative movement. V-belt types are utilized in top speed high power transmitting applications. It gives better speed ratios and best among other belt drives.

Asia Pacific is expected to witness high growth rate during the forecast period. The growth is attributed to increasing mining activities, rapid industrialization in emerging countries such as India, Japan, and China. North America and Europe are projected to register a substantial growth rate over the forecast period.

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Some of the key players in Belt Drives market include Arntz Optibelt GmbH, B&B Manufacturing, Brammer, Colmant-Cuvelier, ContiTech AG, Dayco Products, LLC, DESCH Antriebstechnik GmbH & Co. KG, Federal-Mogul Holdings Corporation, Fenner PLC, Gates Corporation, Hutchinson, Jason Industrial, Optibelt, Pix Transmission, Regina Industria SpA, The Timken Company, and Tsubakimoto UK Ltd.

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Belt Types Covered:
• V-Belt
• Timing Belt
• Flat Belt

End Users Covered:
• Industrial Machinery
• Oil Refineries
• Mining and Minerals
• Material handling industry
• Automobiles
• Agriculture
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: info@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd

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Source: MarketersMedia

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