V Belt Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2031

V Belt Market 2022

V belts have been used in a wide range of industrial and automotive applications for many years. The V belt market is expected to grow at a CAGR of 4.5% from 2020 to 2031. This growth can be attributed to the growing demand for V belts in the automotive and industrial sectors. Some of the key players in the V belt market are Gates (US), Continental (Germany), Bando (Japan), and TBK (Japan).

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The v-belt and its complementing pulley create the most efficient belt drive known. V-belts are a notable upgrade from round and flat belt transmissions as they provide excellent traction, speed, and load capabilities as well as long service life.

The V-shape of the belt fits the grooves in the pulley, as a result, the belt cannot slip off. As the load on the belt increases, there is an increase in the wedging action, which results in a decrease in slippage. V-belts are easy to install, require no lubrication and decreases shock loads and low maintenance.

Key Companies-

• Belt Technologies, Inc.
• ContiTech AG,
• SANMEN FUWEI RUBBER BELT MANUFACTURING CO., LTD
• Mitsuboshi Belting Ltd.
• Gates Corporation.
• Goodyear rubber products,
• Volta Belting Technology Ltd.
• Optibelt GmbH AGB
• Bando USA.
• Zhejiang jinjiu rubber belt Co Ltd
• TEXROPE

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Global V-belt market: Segment Overview
There will be growth in the v-belt market as there is anticipated improvements in automotive, food processing and aerospace industries, however, manufacturing industry is making a slow recovery.

On the basis of a material used

• Rubber
• Polymer
• Neoprene
• Urethane synthetic materials

On the basis of types

• Heavy duty

Conventional belts (A,B,C,D and E)
Narrow belts (3v,5v, and 8v)
Light duty (2L, 3L, 4L and 5L)
Open-ends
Endless

On the basis of end-use industries

• Paper and pulp
• Cement
• Power and energy
• Food and beverage
• Agricultural
• Automotive
• Metals and mining

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
V Belt Market Manufacturers 
V Belt Market Distributors/Traders/Wholesalers 
V Belt Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in This Report -

Which is the largest regional market for V Belt?
What are the upcoming trends of V Belt Market in the world?
What are the key driving factors for the growth of the V Belt Market?
What are the top players operating in the V Belt Market?
What are the key regions in the global V Belt market?
Who are the key players/companies in the global V Belt market?

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