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Belt Drives - Market Analysis, Trends, and Forecasts

  • ID: 1206747
  • Report
  • March 2020
  • Region: Global
  • 339 Pages
  • Global Industry Analysts, Inc
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The Belt Drives market worldwide is projected to grow by US$1.8 Billion, driven by a compounded growth of 4.2%. Material Handling, one of the segments analyzed and sized in this study, displays the potential to grow at over 3.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$2 Billion by the year 2025, Material Handling will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$76.9 Million to the region's size and clout in the next 5 to 6 years. Over US$109 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Material Handling will reach a market size of US$74 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.7% over the next couple of years and add approximately US$542.5 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:
  • Arntz Optibelt Group
  • Colmant Cuvelier RPS S.A.S.
  • ContiTech AG
  • Dayco Products, LLC
  • Gates Corporation
  • Michelin
  • Mitsuboshi Belting Ltd.
  • Regina Catene Calibrate Spa
  • The Timken Company
  • Tsubakimoto Chain Co.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
An Introduction to Belt Drives
Belt Drives: Current Market Scenario and Outlook
While Developed Regions Remain Major Revenue Contributors, Developing Regions Emerge as Fast Growing Markets
EXHIBIT 1: World Belt Drives Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
EXHIBIT 2: World Belt Drives Market - Geographic Regions Ranked by % CAGR (Revenues) for 2018-2025: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe and Japan
Relatively Stable Economic Environment Favors Market Expansion
EXHIBIT 3: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
COMPETITIVE SCENARIO
Leading Players in the World Belt Drives Market
Recent Market Activity

2. FOCUS ON SELECT PLAYERS
Arntz Optibelt Group (Germany)
Colmant Cuvelier RPS S.A.S. (France)
ContiTech AG (Germany)
Dayco Products, LLC (USA)
Gates Corporation (USA)
Michelin (France)
Mitsuboshi Belting Ltd. (Japan)
Regina Catene Calibrate Spa (Italy)
The Timken Company (USA)
Tsubakimoto Chain Co. (Japan)

3. MARKET TRENDS & DRIVERS
Critical Importance of Mechanical Belts & Pulleys in Power Transmission Applications: Cornerstone for Present & Future Growth of Belt Drives Market
Widespread Adoption of Industrial Automation Creates Fertile Environment
Belt Drives Market Gears Up for Industry 4.0 Environments
EXHIBIT 4: Global Spending on Industry 4.0 Technologies (in US$ Billion) for the Years 2019, 2021, and 2023
Belt Drives Grab the Limelight Amid Growing Relevance of Energy Efficiency
Strong Demand for Conveyor Equipment Promotes Demand
EXHIBIT 5: World Conveying Equipment Market Revenues (in %) by Segment: 2019
Industrial Machinery Sector Offers Robust Opportunities for Belt Drives Market
EXHIBIT 6: Industrial Production Estimates in Select Countries (in US$ Billion) as of January 2020
Material Handling Equipment: Prominent End-Use Vertical
EXHIBIT 7: Material Handling Equipment Global Market Estimates and Forecasts in US$ Billion: 2018-2025
EXHIBIT 8: Material Handling Equipment Market Share across Key Geographies Worldwide: 2019
Agriculture Machinery Emerges as Fastest Growing End-Use Segment
Mining Industry Remains a Major Revenue Contributor
EXHIBIT 9: Global Mining Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
Belt Drives Gain Traction in Oil & Gas Sector
EXHIBIT 10: Global Energy Demand by Source (2010, 2020 & 2040): Percentage Share Breakdown of Demand for Oil, Gas, Coal, Nuclear, Hydro, and Renewables
EXHIBIT 11: Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
EXHIBIT 12: Global Oil & Gas Demand (in Million Tons of Oil Equivalent): 2000, 2005, 2010, 2015, 2020, 2025, 2030, & 2035
Steady Growth in Global Power Generation Activity Spurs Demand
EXHIBIT 13: Projected Global Demand for Electricity (TWh): 2015, 2020, 2025, 2030 & 2035
EXHIBIT 14: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
Novel Opportunities Identified in Food & Beverage Industry
Timing Belts Emerge as Ideal Solution for Food Industry
Sophisticated Belt Drives Step In to Address the Dynamic Requirements of Modern Automotive Vehicles
Focus on Fuel Efficiency Promotes Interest in Automotive Belt Drives
CVT Technology Poised to Accelerate Adoption of Belt Drives
EXHIBIT 15: World Market for Continuously Variable Transmission Systems (2015-2018): Breakdown of Light Vehicles Factory Fitted with CVT Units (in Thousand Units) by Region
EXHIBIT 16: Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
Growing Focus on Hybrid Vehicles Seeks Further Improvements in Belt Drive Technology
Replacement Demand Enthuses Automotive Belt Drives Market
EXHIBIT 17: Global Vehicles in Operation (2015-Historic): Number of Vehicles in Operation (in Millions) and Motorization Rates for Select Countries
eBikes & Bicycles: Emerging Vertical for Belt Drives
Technology Advances to Spur Growth Momentum

3. Printing Technology Transforming Pulley and Belt Design
Applications Drive Innovation in Pulley and Belt Functionality
Metal Belts on the Rise
New Materials to Drive Opportunities for Timing Belts

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Belt Drives Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025
TABLE 2: Belt Drives Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2011-2017
TABLE 3: Belt Drives Market Share Shift across Key Geographies Worldwide: 2011 VS 2019 VS 2025
TABLE 4: Material Handling (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2018-2025
TABLE 5: Material Handling (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2011-2017
TABLE 6: Material Handling (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2011 VS 2019 VS 2025
TABLE 7: Industrial Machinery (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2018-2025
TABLE 8: Industrial Machinery (End-Use) Historic Demand Patterns in US$ Thousand by Region/Country: 2011-2017
TABLE 9: Industrial Machinery (End-Use) Market Share Shift across Key Geographies: 2011 VS 2019 VS 2025
TABLE 10: Agriculture (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2018-2025
TABLE 11: Agriculture (End-Use) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2011-2017
TABLE 12: Agriculture (End-Use) Market Share Breakdown by Region/Country: 2011 VS 2019 VS 2025
TABLE 13: Mining (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2018-2025
TABLE 14: Mining (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2011-2017
TABLE 15: Mining (End-Use) Share Breakdown Review by Region/Country: 2011 VS 2019 VS 2025
TABLE 16: Other End-Uses (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2018-2025
TABLE 17: Other End-Uses (End-Use) Global Historic Analysis in US$ Thousand by Region/Country: 2011-2017
TABLE 18: Other End-Uses (End-Use) Distribution of Global Sales by Region/Country: 2011 VS 2019 VS 2025

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
The United States: Major Market for Belt Drives
Market Analytics
TABLE 19: United States Belt Drives Latent Demand Forecasts in US$ Thousand by End-Use: 2018 to 2025
TABLE 20: Belt Drives Historic Demand Patterns in the United States by End-Use in US$ Thousand for 2011-2017
TABLE 21: Belt Drives Market Share Breakdown in the United States by End-Use: 2011 VS 2019 VS 2025
CANADA
TABLE 22: Canadian Belt Drives Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2018 to 2025
TABLE 23: Belt Drives Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2011-2017
TABLE 24: Canadian Belt Drives Market Share Analysis by End-Use: 2011 VS 2019 VS 2025
JAPAN
TABLE 25: Japanese Demand Estimates and Forecasts for Belt Drives in US$ Thousand by End-Use: 2018 to 2025
TABLE 26: Japanese Belt Drives Market in US$ Thousand by End-Use: 2011-2017
TABLE 27: Belt Drives Market Share Shift in Japan by End-Use: 2011 VS 2019 VS 2025
CHINA
China: Lucrative Market
Market Analytics
TABLE 28: Chinese Demand for Belt Drives in US$ Thousand by End-Use: 2018 to 2025
TABLE 29: Belt Drives Market Review in China in US$ Thousand by End-Use: 2011-2017
TABLE 30: Chinese Belt Drives Market Share Breakdown by End-Use: 2011 VS 2019 VS 2025
EUROPE
Europe: A Highly Mature Market for Belt Drives
Complete Belt Drive Solutions: A Respite
Europe a Hub for Machinery Production
Food & Beverage Industry Extends a Stable Market Opportunity
Market Analytics
TABLE 31: European Belt Drives Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 32: Belt Drives Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2011-2017
TABLE 33: European Belt Drives Market Share Shift by Region/Country: 2011 VS 2019 VS 2025
TABLE 34: European Belt Drives Addressable Market Opportunity in US$ Thousand by End-Use: 2018-2025
TABLE 35: Belt Drives Market in Europe: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2011-2017
TABLE 36: European Belt Drives Market Share Analysis by End-Use: 2011 VS 2019 VS 2025
FRANCE
TABLE 37: Belt Drives Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2018-2025
TABLE 38: French Belt Drives Historic Market Review in US$ Thousand by End-Use: 2011-2017
TABLE 39: French Belt Drives Market Share Analysis: A 17-Year Perspective by End-Use for 2011, 2019, and 2025
GERMANY
TABLE 40: Belt Drives Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2018-2025
TABLE 41: German Belt Drives Market in Retrospect in US$ Thousand by End-Use: 2011-2017
TABLE 42: Belt Drives Market Share Distribution in Germany by End-Use: 2011 VS 2019 VS 2025
ITALY
TABLE 43: Italian Demand for Belt Drives in US$ Thousand by End-Use: 2018 to 2025
TABLE 44: Belt Drives Market Review in Italy in US$ Thousand by End-Use: 2011-2017
TABLE 45: Italian Belt Drives Market Share Breakdown by End-Use: 2011 VS 2019 VS 2025
UNITED KINGDOM
TABLE 46: United Kingdom Demand Estimates and Forecasts for Belt Drives in US$ Thousand by End-Use: 2018 to 2025
TABLE 47: United Kingdom Belt Drives Market in US$ Thousand by End-Use: 2011-2017
TABLE 48: Belt Drives Market Share Shift in the United Kingdom by End-Use: 2011 VS 2019 VS 2025
SPAIN
TABLE 49: Spanish Belt Drives Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2018 to 2025
TABLE 50: Belt Drives Market in Spain: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2011-2017
TABLE 51: Spanish Belt Drives Market Share Analysis by End-Use: 2011 VS 2019 VS 2025
RUSSIA
TABLE 52: Russian Belt Drives Latent Demand Forecasts in US$ Thousand by End-Use: 2018 to 2025
TABLE 53: Belt Drives Historic Demand Patterns in Russia by End-Use in US$ Thousand for 2011-2017
TABLE 54: Belt Drives Market Share Breakdown in Russia by End-Use: 2011 VS 2019 VS 2025
REST OF EUROPE
TABLE 55: Rest of Europe Belt Drives Addressable Market Opportunity in US$ Thousand by End-Use: 2018-2025
TABLE 56: Belt Drives Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2011-2017
TABLE 57: Rest of Europe Belt Drives Market Share Analysis by End-Use: 2011 VS 2019 VS 2025
ASIA-PACIFIC
TABLE 58: Asia-Pacific Belt Drives Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025
TABLE 59: Belt Drives Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2011-2017
TABLE 60: Asia-Pacific Belt Drives Market Share Analysis by Region/Country: 2011 VS 2019 VS 2025
TABLE 61: Belt Drives Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2018-2025
TABLE 62: Asia-Pacific Belt Drives Historic Market Review in US$ Thousand by End-Use: 2011-2017
TABLE 63: Asia-Pacific Belt Drives Market Share Analysis: A 17-Year Perspective by End-Use for 2011, 2019, and 2025
INDIA
TABLE 64: Indian Belt Drives Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2018 to 2025
TABLE 65: Belt Drives Market in India: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2011-2017
TABLE 66: Indian Belt Drives Market Share Analysis by End-Use: 2011 VS 2019 VS 2025
SOUTH KOREA
TABLE 67: Belt Drives Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by End-Use for the Period 2018-2025
TABLE 68: South Korean Belt Drives Historic Market Analysis in US$ Thousand by End-Use: 2011-2017
TABLE 69: Belt Drives Market Share Distribution in South Korea by End-Use: 2011 VS 2019 VS 2025
REST OF ASIA-PACIFIC
TABLE 70: Rest of Asia-Pacific Demand Estimates and Forecasts for Belt Drives in US$ Thousand by End-Use: 2018 to 2025
TABLE 71: Rest of Asia-Pacific Belt Drives Market in US$ Thousand by End-Use: 2011-2017
TABLE 72: Belt Drives Market Share Shift in Rest of Asia-Pacific by End-Use: 2011 VS 2019 VS 2025
LATIN AMERICA
TABLE 73: Latin American Belt Drives Market Trends by Region/Country in US$ Thousand: 2018-2025
TABLE 74: Belt Drives Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2011-2017
TABLE 75: Latin American Belt Drives Market Percentage Breakdown of Sales by Region/Country: 2011, 2019, and 2025
TABLE 76: Latin American Demand for Belt Drives in US$ Thousand by End-Use: 2018 to 2025
TABLE 77: Belt Drives Market Review in Latin America in US$ Thousand by End-Use: 2011-2017
TABLE 78: Latin American Belt Drives Market Share Breakdown by End-Use: 2011 VS 2019 VS 2025
BRAZIL
TABLE 79: Belt Drives Quantitative Demand Analysis in Brazil in US$ Thousand by End-Use: 2018-2025
TABLE 80: Brazilian Belt Drives Historic Market Review in US$ Thousand by End-Use: 2011-2017
TABLE 81: Brazilian Belt Drives Market Share Analysis: A 17-Year Perspective by End-Use for 2011, 2019, and 2025
MEXICO
TABLE 82: Belt Drives Market in Mexico: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2018-2025
TABLE 83: Mexican Belt Drives Market in Retrospect in US$ Thousand by End-Use: 2011-2017
TABLE 84: Belt Drives Market Share Distribution in Mexico by End-Use: 2011 VS 2019 VS 2025
REST OF LATIN AMERICA
TABLE 85: Rest of Latin America Belt Drives Latent Demand Forecasts in US$ Thousand by End-Use: 2018 to 2025
TABLE 86: Belt Drives Historic Demand Patterns in Rest of Latin America by End-Use in US$ Thousand for 2011-2017
TABLE 87: Belt Drives Market Share Breakdown in Rest of Latin America by End-Use: 2011 VS 2019 VS 2025
MIDDLE EAST
TABLE 88: The Middle East Belt Drives Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2018 to 2025
TABLE 89: Belt Drives Market in the Middle East: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2011-2017
TABLE 90: The Middle East Belt Drives Market Share Analysis by End-Use: 2011 VS 2019 VS 2025
AFRICA
TABLE 91: African Belt Drives Latent Demand Forecasts in US$ Thousand by End-Use: 2018 to 2025
TABLE 92: Belt Drives Historic Demand Patterns in Africa by End-Use in US$ Thousand for 2011-2017
TABLE 93: Belt Drives Market Share Breakdown in Africa by End-Use: 2011 VS 2019 VS 2025

IV. COMPETITION
Total Companies Profiled : 105 (including Divisions/Subsidiaries - 116)
Note: Product cover images may vary from those shown
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