Belt Drives Market to Reflect Impressive Growth Rate of 5.6% by 2026 | Top Worldwide Key Players (Arntz Optibelt, B&B Manufacturing, Brammer, Colmant-Cuvelier, ContiTech AG, Dayco, Fenner)

Marketprognosis.com Publish a New Market Research Report On “Belt Drives - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Belt Drives Market:

The Global Belt Drives Market is expected grow at a CAGR of 5.6% during the forecast period of 2017 to 2026. Growing developments in materials, increasing adoption from automobile sector, and cost effectiveness of belt drives are some of the factors propelling the market growth during the forecast period. In addition, growing investments in renovating industrial plants is also favoring the market growth. On the other hand, durability issues are hindering the market growth.

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A belt is a looped strip of flexible material used to mechanically link two or more rotating shafts. A belt drive offers smooth transmission of power between shafts at a considerable distance. Belt drives are used as the source of motion to transfer to efficiently transmit power or to track relative movement. V-belt types are utilized in top speed high power transmitting applications. It gives better speed ratios and best among other belt drives.

Geographically, Asia Pacific is expected to witness high growth rate during the forecast period. The growth is attributed to increasing mining activities, rapid industrialization in emerging countries such as India, Japan, and China. North America and Europe are projected to register a substantial growth rate over the forecast period.

Major Key Players:

1 Arntz Optibelt GmbH

2 B&B Manufacturing

3 Brammer

4 Colmant-Cuvelier

5 ContiTech AG

6 Dayco Products, LLC

7 DESCH Antriebstechnik GmbH & Co. KG

8 Federal-Mogul Holdings Corporation and More……………

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Market Segment by Belt Types:

1 V-Belt

2 Timing Belt

3 Flat Belt

Market Segment by End Users:

1 Industrial Machinery

2 Oil Refineries

3 Mining and Minerals

4 Material handling industry

5 Automobiles

6 Agriculture and Other End Users

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Belt Drives Market.

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This release was published on openPR.