As the global economy recovers in 2021 and the supply of the industrial chain improves, the Power Transmission Belts market will undergo major changes. According to the latest research, the market size of the Power Transmission Belts industry in 2021 will increase by USD million compared to 2020, with a growth rate of %.
The global Power Transmission Belts industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Power Transmission Belts market during the next few years. The global Power Transmission Belts market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
Power Transmission Belts is a loop of flexible material used to link two or more rotating shafts. It can transmit power or motion without losing synchronization. It transfers continuous rotational motion between a drive shaft and a driven shaft separated by a fixed distance. Power Transmission belt is the core connecting component of electromechanical equipment, with various kinds and wide applications. It is characterized by free speed change, far and near transmission, simple structure and convenient replacement.
The results in our recent study showed that, the Global Power Transmission Belts market has a total revenue of 9860 M USD back in 2016, and increased to 11490 M USD in 2021. We study the development law of the market in the past few years, and establish a data model to analyze and deduce future market changes. Finally, we made the prediction that the revenue of Power Transmission Belts markets can be 15050 M USD by 2026. The CAGR of Power Transmission Belts is 4% from 2021 to 2027.
United States was the largest revenue market with a market share of 31% in 2016 and 30% in 2021, a decrease of 1%. In 2021, Europe market share was 30%, ranking second. With the improvement of the economic level, the downstream demand continues to expand, and the technological level of these regions continues to improve, which will further promote the development of the market.
Power Transmission Belts companies are mainly from Europe and US; the industry concentrate rate is not high. The market share of the top three companies in 2021 was 29.39%. The top three companies are Gates Corporation, ContiTech AG, Bando, with the revenue market share of 15%, 7%, 5% in 2021.
Other players include:
Hutchinson Group
Megadyne Group
Mitsuboshi
SKF Technology
Dayco
Habasit
Carlisle
SANLUX
Optibelt
Fenner Drives
Volta Belting
Market segmentation by types:
Synchronous Belts
V-Belts
Round Polyurethane Belts
Special/engineered Belts
Others
Market segmentation by applications:
Energy (Oil and Gas)
Infrastructure and Agriculture
Transportation
Automotive (Passenger Cars and Light Trucks)
Material Handling/Logistic
Packaging
Elevators
Food
Ceramic
Paper & print
Wood
Glass
Mining
Fitness
Others
Highlights-Regions
The Power Transmission Belts market can be split based on product types, major applications, and important regions as follows:
North America
Europe
China
Japan
Southeast Asia
India
Korea
Player list
Gates Corporation
ContiTech AG
Bando
Hutchinson Group
Megadyne Group
Mitsuboshi
SKF Technology
Dayco
Habasit
Carlisle
SANLUX
Optibelt
Fenner Drives
Volta Belting
Types list
Synchronous Belts
V-Belts
Round Polyurethane Belts
Special/engineered Belts
Others
Application list
Energy (Oil and Gas)
Infrastructure and Agriculture
Transportation
Automotive (Passenger Cars and Light Trucks)
Material Handling/Logistic
Packaging
Elevators
Food
Ceramic
Paper & print
Wood
Glass
Mining
Fitness
Others
Table of Content
1 Power Transmission Belts Market Overview Analysis
1.1 Power Transmission Belts Product Defination
1.2 Power Transmission Belts Market Analysis by Types
1.3 Power Transmission Belts Market Analysis by Applications
1.4 Power Transmission Belts Market Size and Forecasts Analysis (2017-2028)
1.4.1 Global Power Transmission Belts Market Size Analysis in Value Growth Rate (2017-2028)
1.4.2 Global Power Transmission Belts Market Size Analysis in Volume Growth Rate (2017-2028)
1.4.3 Global Power Transmission Belts Price Trends (2017-2028)
2 Global Power Transmission Belts Competition Landscape by Key Players
2.1 Global Major Power Transmission Belts Players by Sales (2017-2022)
2.2 Global Major Power Transmission Belts Players by Revenue (2017-2022)
2.3 Global Power Transmission Belts Market Share by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Power Transmission Belts as of 2021)
2.4 Global Power Transmission Belts Average Price by Company (2017-2022)
3 Global Power Transmission Belts Historical and Forecast Market Analysis by Type
3.1 Global Power Transmission Belts Historic Market Analysis by Type (2017-2022)
3.1.1 Global Power Transmission Belts Sales Market Share by Type (2017-2022)
3.1.2 Global Power Transmission Belts Revenue Market Share by Type (2017-2022)
3.1.3 Global Power Transmission Belts Price by Type (2017-2022)
3.2 Global Power Transmission Belts Market Estimates and Forecasts Analysis by Type (2023-2028)
3.2.1 Global Power Transmission Belts Sales Forecast by Type (2023-2028)
3.2.2 Global Power Transmission Belts Revenue Forecast by Type (2023-2028)
3.2.3 Global Power Transmission Belts Price Forecast by Type (2023-2028)
4 Global Power Transmission Belts Historical and Forecast Market Size Analysis by Application
4.1 Global Power Transmission Belts Historic Market by Application (2017-2022)
4.1.1 Global Power Transmission Belts Sales Market Share by Application (2017-2022)
4.1.2 Global Power Transmission Belts Revenue Market Share by Application (2017-2022)
4.1.3 Global Power Transmission Belts Price by Application (2017-2022)
4.2 Global Power Transmission Belts Market Estimates and Forecasts by Application (2023-2028)
4.2.1 Global Power Transmission Belts Sales Forecast by Application (2023-2028)
4.2.2 Global Power Transmission Belts Revenue Forecast by Application (2023-2028)
4.2.3 Global Power Transmission Belts Price Forecast by Application (2023-2028)
5 Global Power Transmission Belts Historical and Forecast Market size by Region
5.1 Global Power Transmission Belts Market Size by Region: 2017 VS 2022 VS 2028
5.2 Global Power Transmission Belts Market Segment by Region (2017-2022)
5.2.1 Power Transmission Belts Sales by Region (2017-2022)
5.2.2 Global Power Transmission Belts Revenue by Region (2017-2022)
5.3 Global Power Transmission Belts Market Forecasts by Region (2023-2028)
5.3.1 Global Power Transmission Belts Sales Forecasts by Region (2023-2028)
5.3.2 Global Power Transmission Belts Revenue Forecast by Region (2023-2028)
5.4 Global Power Transmission Belts Historical and Forecast Market size Analysis
5.4.1 North America Power Transmission Belts Historical and Forecast Market size (2017-2028)
5.4.2 Europe Power Transmission Belts Historical and Forecast Market size (2017-2028)
5.4.3 China Power Transmission Belts Historical and Forecast Market size (2017-2028)
5.4.4 Japan Power Transmission Belts Historical and Forecast Market size (2017-2028)
5.4.5 Southeast Asia Power Transmission Belts Historical and Forecast Market size (2017-2028)
5.4.6 India Power Transmission Belts Historical and Forecast Market size (2017-2028)
5.4.7 Korea Power Transmission Belts Historical and Forecast Market size (2017-2028)
6 North America Power Transmission Belts Historical and Forecast Market size
6.1 North America Power Transmission Belts Historical and Forecast Sales by Type
6.1.1 North America Power Transmission Belts Historical Sales by Type (2017-2022)
6.1.2 North America Power Transmission Belts Forecast Sales by Type (2023-2028)
6.2 North America Power Transmission Belts Historical and Forecast Sales by Application
6.2.1 North America Power Transmission Belts Historical Sales by Application (2017-2022)
6.2.2 North America Power Transmission Belts Forecast Sales by Application (2023-2028)
7 Europe Power Transmission Belts Historical and Forecast Market size
7.1 Europe Power Transmission Belts Historical and Forecast Sales by Type
7.1.1 Europe Power Transmission Belts Historical Sales by Type (2017-2022)
7.1.2 Europe Power Transmission Belts Forecast Sales by Type (2023-2028)
7.2 Europe Power Transmission Belts Historical and Forecast Sales by Application
7.2.1 Europe Power Transmission Belts Historical Sales by Application (2017-2022)
7.2.2 Europe Power Transmission Belts Forecast Sales by Application (2023-2028)
8 China Power Transmission Belts Historical and Forecast Market size
8.1 China Power Transmission Belts Historical and Forecast Sales by Type
8.1.1 China Power Transmission Belts Historical Sales by Type (2017-2022)
8.1.2 China Power Transmission Belts Forecast Sales by Type (2023-2028)
8.2 China Power Transmission Belts Historical and Forecast Sales by Application
8.2.1 China Power Transmission Belts Historical Sales by Application (2017-2022)
8.2.2 China Power Transmission Belts Forecast Sales by Application (2023-2028)
9 Japan Power Transmission Belts Historical and Forecast Market size
9.1 Japan Power Transmission Belts Historical and Forecast Sales by Type
9.1.1 Japan Power Transmission Belts Historical Sales by Type (2017-2022)
9.1.2 Japan Power Transmission Belts Forecast Sales by Type (2023-2028)
9.2 Japan Power Transmission Belts Historical and Forecast Sales by Application
9.2.1 Japan Power Transmission Belts Historical Sales by Application (2017-2022)
9.2.2 Japan Power Transmission Belts Forecast Sales by Application (2023-2028)
10 Southeast Asia Power Transmission Belts Historical and Forecast Market size
10.1 Southeast Asia Power Transmission Belts Historical and Forecast Sales by Type
10.1.1 Southeast Asia Power Transmission Belts Historical Sales by Type (2017-2022)
10.1.2 Southeast Asia Power Transmission Belts Forecast Sales by Type (2023-2028)
10.2 Southeast Asia Power Transmission Belts Historical and Forecast Sales by Application
10.2.1 Southeast Asia Power Transmission Belts Historical Sales by Application (2017-2022)
10.2.2 Southeast Asia Power Transmission Belts Forecast Sales by Application (2023-2028)
11 India Power Transmission Belts Historical and Forecast Market size
11.1 India Power Transmission Belts Historical and Forecast Sales by Type
11.1.1 India Power Transmission Belts Historical Sales by Type (2017-2022)
11.1.2 India Power Transmission Belts Forecast Sales by Type (2023-2028)
11.2 India Power Transmission Belts Historical and Forecast Sales by Application
11.2.1 India Power Transmission Belts Historical Sales by Application (2017-2022)
11.2.2 India Power Transmission Belts Forecast Sales by Application (2023-2028)
12 Korea Power Transmission Belts Historical and Forecast Market size
12.1 Korea Power Transmission Belts Historical and Forecast Sales by Type
12.1.1 Korea Power Transmission Belts Historical Sales by Type (2017-2022)
12.1.2 Korea Power Transmission Belts Forecast Sales by Type (2023-2028)
12.2 Korea Power Transmission Belts Historical and Forecast Sales by Application
12.2.1 Korea Power Transmission Belts Historical Sales by Application (2017-2022)
12.2.2 Korea Power Transmission Belts Forecast Sales by Application (2023-2028)
13 Key Players Analysis
13.1 Gates Corporation
13.1.1 Business Overview
13.1.2 Power Transmission Belts Product Introduction
13.1.3 Gates Corporation Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.2 ContiTech AG
13.2.1 Business Overview
13.2.2 Power Transmission Belts Product Introduction
13.2.3 ContiTech AG Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.3 Bando
13.3.1 Business Overview
13.3.2 Power Transmission Belts Product Introduction
13.3.3 Bando Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.4 Hutchinson Group
13.4.1 Business Overview
13.4.2 Power Transmission Belts Product Introduction
13.4.3 Hutchinson Group Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.5 Megadyne Group
13.5.1 Business Overview
13.5.2 Power Transmission Belts Product Introduction
13.5.3 Megadyne Group Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.6 Mitsuboshi
13.6.1 Business Overview
13.6.2 Power Transmission Belts Product Introduction
13.6.3 Mitsuboshi Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.7 SKF Technology
13.7.1 Business Overview
13.7.2 Power Transmission Belts Product Introduction
13.7.3 SKF Technology Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.8 Dayco
13.8.1 Business Overview
13.8.2 Power Transmission Belts Product Introduction
13.8.3 Dayco Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.9 Habasit
13.9.1 Business Overview
13.9.2 Power Transmission Belts Product Introduction
13.9.3 Habasit Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.10 Carlisle
13.10.1 Business Overview
13.10.2 Power Transmission Belts Product Introduction
13.10.3 Carlisle Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.11 SANLUX
13.11.1 Business Overview
13.11.2 Power Transmission Belts Product Introduction
13.11.3 SANLUX Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.12 Optibelt
13.12.1 Business Overview
13.12.2 Power Transmission Belts Product Introduction
13.12.3 Optibelt Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.13 Fenner Drives
13.13.1 Business Overview
13.13.2 Power Transmission Belts Product Introduction
13.13.3 Fenner Drives Power Transmission Belts Sales, Price, Revenue, Gross Margin
13.14 Volta Belting
13.14.1 Business Overview
13.14.2 Power Transmission Belts Product Introduction
13.14.3 Volta Belting Power Transmission Belts Sales, Price, Revenue, Gross Margin
14 Marketing Channel, Distributors and Customers Analysis
14.1 Marketing Channel
14.2 Power Transmission Belts Distributors List
14.3 Power Transmission Belts Customers
15 Market Dynamics Analysis
15.1 Power Transmission Belts Market Trends Analysis
15.2 Power Transmission Belts Drivers Analysis
15.3 Power Transmission Belts Market Challenges Analysis
15.4 Power Transmission Belts Market Restraints Analysis
16 Research Viewpoints/Conclusions
17 Methodology and Data Source
17.1 Methodology/Research Approach
17.1.1 Research Programs/Design
17.1.2 Market Size Estimation
17.1.3 Market Breakdown and Data Triangulation
17.2 Data Source
17.2.1 Secondary Sources
17.2.2 Primary Sources
17.2.3 Legal Disclaimer
Gates Corporation
ContiTech AG
Bando
Hutchinson Group
Megadyne Group
Mitsuboshi
SKF Technology
Dayco
Habasit
Carlisle
SANLUX
Optibelt
Fenner Drives
Volta Belting
*If Applicable.
Links
[1] https://www.marketresearchreports.com/countries/north-america[2] https://www.marketresearchreports.com/countries/europe[3] https://www.marketresearchreports.com/countries/china[4] https://www.marketresearchreports.com/countries/japan[5] https://www.marketresearchreports.com/countries/global[6] https://www.marketresearchreports.com/automotive[7] https://www.marketresearchreports.com/components[8] https://www.marketresearchreports.com/manufacturing-automotive