Lewes, DE -- (SBWIRE) -- 01/03/2017 -- Report forecast the global industrial belt drives market to grow at a CAGR of 3.82% during the period 2016-2020.

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.

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).

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, energy-efficiency is becoming a rising concern for industrial sector as on an average around 10% of the operational cost is entailed by electricity. The percentage increases to 40% in energy-intensive industries such as oil and gas, F&B, and power. The awareness behind energy-efficiency has gained substantial momentum in recent years. Government bodies of Europe and North America have taken concerted steps in ensuring that plant equipment like pumps, motors, and fans conform to energy-efficiency norms.

Further, the report states that the European markets have lacked growth pace since the global recession of 2008-2009. The market maturity along with lack of investor confidence has prompted a decline in share of revenues for the industrial belt drives market in Europe. The region is still recovering from the after effect of the Euro debt crisis that affected Greece, Ireland, Spain, and Portugal. The economic crisis has influenced all aspects of industries and commerce, ranging from small to large-scale.

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 players in the global industrial belt drives market: ContiTech, Dayco, Fenner, Gates, and Optibelt.

Other Prominent Vendors in the market are: B&B Manufacturing, Belt, Brammer, Hutchinson, Jason Industrial, and 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?

Spanning over 66 pages and 44 Exhibits "Global Industrial Belt Drives Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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