Zion Market Research, the market research group announced the analysis report titled 'Modular Belt Drive Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'.
Sarasota, FL -- (SBWIRE) -- 10/13/2017 -- Global Modular Belt Drive Market: Overview
Modular belts have the interlocking segment; these types of belts are replaceable and require minimum maintenance. As compared to the flat belts, modular belts are used widely as they can carry high load capacities. For the transfer of the items from one place to another the modular belt drive creates the motion for the belt.
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Global Modular Belt Drive Market: Segmentation
The market for modular belt drive is globally fragmented into drive type, position, modular belt type, the size of the modular belt, design, material, and end-user industry. On the basis of drive type, the global market is segregated into light drives, large drive, and medium drives. Depending on the drive position, the market is categorized into the center, below, front end, rear end, and side. On the basis of the modular belt type, the market is divided into the radius, straight belt, and spiral. Depending on the size, the market is bifurcated into nominal pitch and micro-pitch. On the basis of the design, the market is segmented into open hinge design, closed hinge design, and dynamic open hinge design. Depending on the materials, the market is categorized into polyethylene, polyamide, polypropylene, and poly-oxy-methylene. According to the end users, the market is fragmented into food processing, can making, packaging, beverages, and automobile/tire manufacturing.
Global Modular Belt Drive Market: Growth Factors
The major end-use industry that is driving the modular belt drive market is the manufacturing industry. In the manufacturing industry, the modular belt drive decreases the manufacturing cost and increases the plant efficiency. These factors are going to contribute to the market growth in the coming years. The modular belt drive is efficient, requires low maintenance cost, and can be easily cleaned. Thus are widely used in the pharmaceutical and food and beverage industries. In the recent years, the increased regulations and policies that were imposed by the government regarding the cleaning and the hygiene of the tools and equipment that are utilized in the pharmaceutical and food and beverage industries is another factor that is propelling the market to grow. The factors that are restraining the growth of the modular belt drive market are maintaining and the monitoring of the temperature is difficult and the technical issues that are faced.
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Global Modular Belt Drive Market: Regional Analysis
Regional diversification of the modular belt drive market is given as follows Western Europe, Asia Pacific, the Middle East & Africa, Eastern Europe, Latin America, and North America. The regions that are dominating the modular belt drive market are North America and Europe due to the increased industrial applications. In the coming years, Asia Pacific region will have a significant market growth owing to the rise in the investments in the pharmaceutical and food sectors, increase the awareness about the importance of the technological advancements, and significant development that is made in the industrial and infrastructural activities.
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Global Modular Belt Drive Market: Competitive Players
The key market players that are involved in the modular belt drive market include Central Conveyor Limited, Habasit Ag, Abb Automation Products GmBH., Martin Sprocket & Gear Inc., Scan belt A/S, Bode Belting GmBH., and Dunlop BTL Ltd.
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