Industrial Belt Drives: Introduction

Belt drives are a type of power transmission system. Earlier, drive systems used flat leather belts or ropes. Nowadays, rubber is the most common material for belts. It is essentially a pulley system. Two pulleys are connected by a belt that transmits power from one pulley shaft to the other. There is one driving pulley and one driven pulley. The belt’s movement is what transmits power from an engine to a mechanical device. Among the types of belts, V-belts are the most common because of their strong friction thanks to their trapezoid shape. Belt systems are used in grain belt conveyors, sawmills, printing presses, punch presses, and more. They are even used in exhaust fan systems and laundry machinery.

Key Drivers of the Industrial Belt Drives Market

Replacement of belt drives is a growth driver for the belt drives market. The improper use of belt drives in an industrial application results in more wear and tear of the belt. Hence, replacement of belt drives installed in industrial equipment becomes necessary. The major challenge of the belt drives market is from adoption of electrical motors and drives in industrial applications. Industrial consumers are finding new ways to reduce power consumption in their daily processes. They are switching to advanced power transmission systems such as electrical motors and drives which provide more energy efficiency than belt drive systems. However, the low cost and easy availability of belt drive systems is providing a competitive edge over electrical motors and drives. Industrial belt drive manufacturers need to invest in improving belt drive design to survive in the market. Belt drives mainly find application in industrial machinery, automobiles, agriculture, oil refineries, and mining industry.

Advanced products creating opportunities in the industrial belt drives market

Manufacturers keep adding new improvisations to the existing product. For example, lately, maintenance-free roller and conveyor chains have been introduced in the market. The special characteristics of these chains permit longer replacement intervals and minimizes the maintenance cost and downtimes of conveying systems. The chains are used wherever lubrication is not possible or disadvantageous, for example, in dry ambient conditions and on installations with restricted maintenance access. Another introduction is the PowerTwist Drive, a new power transmission belt from Fenner Drives, which does not require retensioning after installation. The new product saves time, labor, and money. The drive is made to maintain optimal tension throughout the life of the belt. PowerTwist Drive is a substantial advance over both rubber V-belts and previous link belting products which suffer from tension decay. Such inventions of the product creates new opportunity in the market.

High cost and missing teeth a restraint of the industrial belt drives market

The high cost associated with the belt drives may restrain the demand for industrial belt drives. Also, new technology for materials handling equipment are replacing the demand for industrial belt drives. Another restraint associated with industrial belts is that the missing cogs may make belts slip and fail. To prevent this, the belt should be changed immediately as soon as it is discovered that the teeth are missing. The most common reasons the belt could be missing a cog are excessive heat, or the pulleys are too small or misaligned. It can also be caused by improper or prolonged storage of belts. These factors act as restraints for the industrial belt drives market.

Asia Pacific the dominant market

The Asian market accounts for highest share in the industrial belt drives market in terms of revenue contribution as compared to markets in other regions due to increased adoption of industrial belt drives by various end-users such as printing press, saw mills, and punch press, in the region. Advent of online platforms such as company owned portals, e-commerce portals, and third party portals is impacting the growth of the industrial belt drives market. Emergence of online platforms has helped many manufacturers expand their geographical presence, which is anticipated to drive the growth of the industrial belt drives market.

Key players operating in the global market

Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the industrial belt drives market are:

  • Arntz Optibelt Gmbh
  • Belt Corporation of America
  • Dayco Products LLC
  • Hutchinson Belt Drive Systems
  • Desch Antriebstechnik Gmbh
  • Schaeffler Technologies AG & Co. KG

Industrial Belt Drives Market: Research Scope

Industrial Belt Drives Market, by Types

  • Flat belts
  • V-belts
  • Synchronous belts

Industrial Belt Drives Market, by Distribution Channel

  • Direct Sales
  • Indirect Sales

Industrial Belt Drives Market, by Application

  • Grain belt conveyors
  • Sawmills
  • Printing press
  • Punch press
  • Others

Industrial Belt Drives Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the industrial belt drives market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Industrial Belt Drives Market