17^th Jan 2020 - The global Industrial Belt Drives Market is expected to display higher growth rate over the next five years. Rapid surge in the industrial belt drives market is credited to the rising investments towards modernization of manufacturing plant facilities. Growing automotive sector coupled with wide range application of variable speed belts in industrial processes are some of the prominent factors for market growth. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the industrial belt drives market.

Increasing investment by industrial manufactures to improve overall productivity and limit downtime in end-users market segment is expected to boost the growth of the market in the upcoming years. Growing manufacturing and automotive sector in the Asia Pacific region, particularly in the developing economies such as India and China are estimated to drive the market growth in the near future. Rising focus towards modernization and automation of various industrial process to ensure streamlined, efficient, and faster approach is projected to positively influence market progress of industrial belt drives.

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Shifting trends towards increasing adoption of industrial belt drives in the manufacturing industries is attributed to factors such as flexibility and adaptability for every distributor operation and any drive. Additionally, easy availability of industrial belt drives with broad product range that allows transmission of variable load power is expected to favor market growth. Some of the benefits of industrial belt drives include different of orientations such as horizontal, vertical or inclined and independent operational capabilities. These factors plays a major role for boosting the growth of industrial belt drives market in the upcoming years.

Market is broadly categorized into major segments based on the application type such as material handling industry, industrial machinery, agriculture sector, and mining & minerals sector. Industrial machinery segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of industrial belt drives in the industrial machinery segment is attributed to the increasing manufacturing activities in North America and Asia Pacific region. The material handling industry segment has also witnessed substantial growth due to increasing adoption of conveyor systems and growing demand for power transmission equipment.

The following manufacturers are covered in this report:

• ContiTech

• Dayco

• Fenner

• Gates

• Optibelt

• B&B Manufacturing

• Belt

• Brammer

• Hutchinson

• Jason Industrial

• Pix Transmission

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• ZV

• CV

• CR

• CL

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, (sales), market share and growth rate for each application, including

• Agricultural

• Mining

• Mechanical Industry

• Other

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