High Cost and Missing Teeth a Restraint of the Industrial Belt Drives Market

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.

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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.

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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
  • US
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • UK
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Middle East & Africa
  • CCG
  • South Africa
  • Rest of Middle East & Africa
• South-America
  • Brazil
  • Rest of South America

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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.

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