Global V Belts Market Outlook 2018-2023

Global V Belts Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. A belt is a loop of stretchy material used to connect two or more rotating shafts automatically. V belts are also termed as vee belts or wedge rope that are known to act as a transmission belt with a trapezoidal or triangular cross section. It transmits the force from the engine to the ancillary components like the water pump, alternator, the fan, the hydraulic pump for the steering, and the air conditioning compressor. They have maximum operating speed and ultimate tensile strength.

Rising demand from manufacturing companies and available in several orientations like inclined, horizontal, or vertical are documented as major factors of V Belts Market that are estimated to enhance the growth in the years to come. However, they cannot be used where synchronous speed is required may restrain overall market growth in the coming years. V Belts Market is segmented based on type, material, end users, and region.

Endless, conventional belts, open-ends, narrow belts, light duty, other types may be explored in V Belts in the forecast period. conventional belts comprise A, B, C, D, and E types of V belts. Narrow belt sector includes 3v, 5v, and 8v. On the other hand, light duty sector comprise 2L, 3L, 4L, and 5L.

Urethane synthetic materials, rubber, neoprene, and polymer are the materials that could be explored in V Belts in the forecast period. The market may be categorized based on end users like agricultural, automotive, paper and pulp, metals and mining, cement, food and beverage, power and energy, and others that could be explored in the forecast period in the coming years. V Belts Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Asia Pacific may account for the substantial market share of V Belts and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be growing mining and oil refineries sector. The developing countries like India and China are the major consumers of V Belts in the region. However, Europe and North America are known as a center for manufacturing industries.

The key players of V Belts Market are Sanwei, ContiTech, Sanlux, Gates, Optibelt, SKF, Beha, N.K. Enterprises, Continental Corporation, Dharamshila Belting Pvt. Ltd., Fenner Drives, Navyug, and Flexer Rubbers. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

The report segments the market and forecasts its size, by volume and value, on the basis of product, by application, and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the V belts market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the V belts market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the V belts market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global V belts market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global V belts market.

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global V belts market?
- What are the challenges to market growth?
- Who are the key players in the V belts market?
- What are the market opportunities and threats faced by the key players?