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Industrial Sheaves and Pulleys Market Introduction

  • Industrial sheaves and pulleys are devices equipped with belts which create a  mechanical linkage with cross-sections. The belts are made according to the types of pulleys.
  • The belts are used to transfer power between axles in industrial machinery. Industrial sheaves and pulleys together offer high-speed power transmission, and the belts through which the power is transmitted are resistant to slipping and misalignment.

Industrial Sheaves and Pulleys Market Dynamics

  • The growing need to increase productivity and reduce the overall cost of ownership is expected to trigger the growth of the industrial sheaves and pulleys market in the next few years.
  • In the industrial sector, manufacturing industries are facing challenges in the process of taking adequate steps to improve productivity and energy efficiency, and reduce the total cost of ownership.
  • Exposure to harsh weather conditions causes damage to operational efficiency and productivity of conveyor systems. The damages can increase the downtime, thereby increasing the overall operational cost. Conveyor systems run smoothly with periodic belt cleaning systems, pulley lagging systems, and belt guiding systems.
  • Emergence of smart idlers is another key trend promoting the growth of the industrial sheaves and pulleys market. Smart idler is a type of industrial pulley that is extensively used for power transmission, equipment construction and packaging, and material handling.
  • In the industrial sector, users are adopting significant number of idlers that are integrated into conveyor belts to ensure smooth operation of the conveyor belts.
  • Idlers are integrated into conveyor systems to support the conveyor belts as well as load carried on the belts.
  • However, slow growth in the manufacturing sector across the global economy is expected to hinder the adoption rate of industrial sheaves and pulleys.
industrial sheaves and pulleys market

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Industrial Sheaves and Pulleys Market: Segmentation Analysis

  • Based on type, the industrial sheaves and pulleys market can be segmented into industrial sheaves and industrial pulleys.
  • Based on application, the industrial sheaves and pulleys market can be categorized into material handling, industrial machinery, and agricultural equipment.
  • Material handling application segment is a prominent user area of industrial sheaves and pulleys. This application segment accounted for major share of the industrial sheaves and pulleys market in 2018 and is expected to retain its leading position in the market over the forecast period.

Europe to Lead the Global Market for Industrial Sheaves and Pulleys

  • In terms of region, the global industrial sheaves and pulleys market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • Europe is likely to dominate the global industrial sheaves and pulleys market from 2019 to 2027, followed by North America and Asia Pacific.
  • Europe accounted a major share of the market in 2018 and is likely to maintain its dominance throughout the forecast period due to the proliferation of e-commerce which has augmented the demand for material handling equipment in the region. This is expected to drive the growth of the industrial sheaves and pulleys market in Europe in the upcoming years.
  • Additionally, the market in Asia Pacific is anticipated to expand significantly in the near future. Growing adoption of industrial sheaves and pulleys across numerous manufacturing industries for power transmission, equipment construction, packaging, and material handling applications is one of the key factors driving the demand for industrial sheaves and pulleys, thereby encouraging the growth of the market in the coming years. 

Key Manufacturers Operating in the Market

The global Industrial sheaves and pulleys market was highly fragmented in 2018, with the presence of many established market players who occupy prominent market share. These vendors focus on product development and innovations to meet the changing need of end-users, thus creating a competitive environment in the industrial sheaves and pulleys market. Key manufacturers operating in the global market are:

  • AB SKF
  • Arntz Optibelt Group
  • Fenner
  • Regal Beloit Corporation
  • Timken Company
  • U.S. Tsubaki
industrial sheaves and pulleys market 01

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Global Industrial Sheaves and Pulleys Market: Research Scope

Industrial Sheaves and Pulleys Market, by Type

  • Industrial Sheaves
  • Industrial Pulleys

Industrial Sheaves and Pulleys Market, by Application

  • Material Handling
  • Industrial Machinery
  • Agricultural Equipment

Global Industrial Sheaves and Pulleys Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
industrial sheaves and pulleys market 02


This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

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4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Industrial Sheaves And Pulleys Market

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