Global Belt Drives Market Report 2023: Market to Surpass $9 Billion by 2030 - Mechanical Belts & Pulleys in Power Transmission Applications Remains the Cornerstone for Growth - ResearchAndMarkets.com

The "Belt Drives - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Belt Drives Market to Reach $9.1 Billion by 2030

The global market for Belt Drives estimated at US$6.6 Billion in the year 2022, is projected to reach a revised size of US$9.1 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030.

Material Handling, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$2.5 Billion by the end of the analysis period. Growth in the Industrial Machinery segment is estimated at 4.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 5.7% CAGR

The Belt Drives market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Also within this market research, it features in-depth analysis from industry-leading experts, offers you these crucial insights. This comprehensive study, forged from meticulously gathered data, paints a detailed picture of the market dynamics, projected trends, and potential economic opportunities in the Belt Drives sector.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Attributes:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• 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
• World Belt Drives Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
• 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
• 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
• Belt Drives - Global Key Competitors Percentage Market Share in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

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
• Belt Drives Grab the Limelight Amid Growing Relevance of Energy Efficiency
• Strong Demand for Conveyor Equipment Promotes Demand
• World Conveying Equipment Market Revenues (in %) by Segment: 2019
• Industrial Machinery Sector Offers Robust Opportunities for Belt Drives Market
• Material Handling Equipment: Prominent End-Use Vertical
• Agriculture Machinery Emerges as Fastest Growing End-Use Segment
• Mining Industry Remains a Major Revenue Contributor
• Belt Drives Gain Traction in Oil & Gas Sector
• Global Energy Demand by Source (2010, 2020 & 2040): Percentage Share Breakdown of Demand for Oil, Gas, Coal, Nuclear, Hydro, and Renewables
• Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
• 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
• Projected Global Demand for Electricity (TWh): 2015, 2020, 2025, 2030 & 2035
• 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
• World Market for Continuously Variable Transmission Systems (2015-2018): Breakdown of Light Vehicles Factory Fitted with CVT Units (in Thousand Units) by Region
• 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
• 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
• 3D 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

FOCUS ON SELECT PLAYERS(Total 116 Featured)

• Altra Industrial Motion Corporation
• ContiTech AG
• Challenge Power Transmission Ltd
• Cross & Morse
• BRECO Antriebstechnik Breher GmbH & Company KG
• Bando Chemical Industries, Ltd. (Bando Group)
• Apache, Inc.
• BEHA Innovation GmbH
• Berner International
• Chiorino SpA
• Daycon Products Co., Inc.
• DUNLOP BTL Ltd.
• Dunlop Tires
• Belt Technologies, Inc.
• Colmant Cuvelier RPS SAS

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View source version on businesswire.com: https://www.businesswire.com/news/home/20231110644273/en/