The Global Market for Belt Drives is Projected to Reach US$6.9 Billion by 2022

Strong Demand for Construction & Industrial Equipment Drives Growth in the Global Belt Drives Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Belt Drives market. The global market for Belt Drives is projected to reach US$6.9 billion by 2022, driven by strong demand for conveyor equipment, construction equipment and heavy industrial equipment.

A belt drive is a combination of belt and pulley that facilitate load transfer between the shafts. Belt drives also facilitate clutching, power transmission, ratio variation and synchronization of shafts. A conveyor belt is a typical example, wherein the belt is used for continual load transfer between the two points. For centuries, belts, chains, and ropes have been employed as traction devices. Modern day manufacturing is a process involving a number of components, parts, and systems. Belt technology and roller chains are integral to ensuring robust and reliable manufacturing operations in number of applications ranging from conveyance systems and oilfield rigs to heavy duty power transmission. Belt drives are vital to manufacturing processes owing to their numerous benefits including streamlined performance, longer service-life and cost-efficiency. With appropriate maintenance, belt drives ensure safe working environment. Belt drives being excellent vibration and shock absorbers are deployed in various industrial applications such as in power transmission, conveyor systems, and industrial machines. Modern power transmission belts comprise a resilient and durable traction layer made with aramide, polyamide or polyester coupled with oil, grease and water-resistant covers made from NBR elastomer ensuring superior friction between the belt and pulleys. With energy efficiency becoming a major focus of production/manufacturing processes, premium belt drives are gaining interest. Manufacturers are engaging customers actively in initiatives to help comprehend the efficiency levels that can be achieved by using premium belt drives. With the global manufacturing sector making a gradual recovery, the anticipated improvements in automotive, food processing, and aerospace industries will benefit growth of belt drives.

While chains are conventionally utilized for precision timing, high torque and power applications, chain drive is riddled with challenges such as stretching of the chain, need for frequent lubrication, and the high levels of noise in comparison with cog belt drives. Furthermore, the greasing or lubrication could result in debris, a deterrent in critical end-use markets including pharmaceutical drug manufacturing and food processing. This backdrop makes belt-drives appropriate for food processing and pharmaceutical manufacturing markets. The need for improved belt performance and efficiency of belts has led to the development of metal belts. These belts are known for their superior precision, durability and capacities over conventional belts. Novel and sophisticated manufacturing processes aid the production of numerous configurations of metal belts, for various industrial applications including conveyor equipment, medical device manufacturing, robotics, solar panel manufacturing, and food processing to name a few. Metal belts also offer unique properties such as custom attachments and perforations for automation and conveyor systems in addition to superior durability and longevity under almost all conditions.

As stated by the new market research report on Belt Drives, the United States represents the largest market, worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 4.8% over the analysis period, led by factors such as rapid industrialization in developing Asian economies, expansion of the manufacturing industry and increasing investments in modernizing manufacturing plants and facilities.   

Major players covered in the report include Arntz Optibelt GmbH, Colmant-Cuvelier, ContiTech AG, Dayco Products, LLC, DESCH Antriebstechnik GmbH & Co. KG, Federal-Mogul Holdings Corp., Fenner PLC, Gates Corp., Regina Industria SpA, The Timken Company, and Tsubakimoto UK Ltd., among others.

The research report titled “Belt Drives: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America). The report additionally analyzes the US market by the following product segment – Industrial Belts (V-Belts, Timing Belts, Flat Belts, and Variable Speed Belts) and Industrial Pulleys.


Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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