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
- Synchronous belts
Industrial Belt Drives Market, by Distribution Channel
- Direct Sales
- Indirect Sales
Industrial Belt Drives Market, by Application
- Grain belt conveyors
- Printing press
- Punch press
Industrial Belt Drives Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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