Boston, MA -- (SBWIRE) -- 01/06/2017 -- Belt drive is a combination of belt and pulley that facilitates freight transfer between the shafts. Other major applications of belt drives include clutching, power transmission, and synchronization of shafts. The global industrial belt drives market is fueled by the growing need to automate processes in both discrete and process industries. Therefore, belt drives have become an essential part of several industries as they ensure a robust and reliable industrial operations for several applications, ranging from conveyor systems to heavy-duty power transmission.

Technavio's analysts forecast the global industrial belt drives market to grow at a CAGR of 3.82% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial belt drives market for 2016-2020. To calculate the market size, the report considers the revenue generated from various segments such as product types (v-belts, synchronous, and industrial pulleys), end-users (material handling industry, industrial machinery, agriculture, mining and minerals, and others), and geographical segmentation (EMEA, APAC, and the Americas).

Get More Details on this Report and a Full Table of Contents at Global Industrial Belt Drives Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Industrial Belt Drives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-ContiTech
-Dayco
-Fenner
-Gates
-Optibelt

Other prominent vendors

-B&B Manufacturing
-Belt
-Brammer
-Hutchinson
-Jason Industrial
-Pix Transmission

Market driver

-Evolving market in developing economies
-For a full, detailed list, view our report

Market challenge

-Slowdown in major economies
-For a full, detailed list, view our report

Market trend

-Focus on easy/less maintenance in manufacturing process
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ContiTech, Dayco, Fenner, Gates, Optibelt, B&B Manufacturing, Belt, Brammer, Hutchinson, Jason Industrial, Pix Transmission

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