Market Updates Industrial Belt Drives Market Research – Industry | Page 2

of industrial belt drives with broad product range that allows transmission of variable load power is expected to favor
market growth. Some of the benefits of industrial belt drives include different of orientations such as horizontal,
vertical or inclined and independent operational capabilities. These factors plays a major role for boosting the growth
of industrial belt drives market in the upcoming years.
Market is broadly categorized into major segments based on the application type such as material handling industry,
industrial machinery, agriculture sector, and mining & minerals sector. Industrial machinery segment is growing rapidly
in the market with substantial revenue generation in the last few years. Growing popularity of industrial belt drives in
the industrial machinery segment is attributed to the increasing manufacturing activities in North America and Asia
Pacific region. The material handling industry segment has also witnessed substantial growth due to increasing
adoption of conveyor systems and growing demand for power transmission equipment.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing
sector, surge in number of research & development activities in the region and existence of well-established industrial
infrastructure.
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Asia-Pacific region is estimated to hold major share in the market with massive growth in forecast period. Countries
such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, rising
manufacturing activities, and significant investment by leading industry players considering potential growth
opportunities in the region.
The key players in the industrial belt drives market are ContiTech AG, Dayco Products Corp., Fenner PLC, Gates Corp.,
Optibelt GmbH, B&B Manufacturing, Inc., Belt Company Ltd., Brammer Ltd., Hutchinson S.A., Jason Industrial, Inc., and
Pix Transmission Ltd.
Market Segment:
The major manufacturers covered in this report
• ContiTech
• Dayco
• Fenner
• Gates