Latest Edition Released on Belt Drives Market

Belt Drives Market Comprehensive Study Released with Forecast to 2026


The article cited AMA's "Global Belt Drives Market Study" explored CAGR of %. According to the report, Belts with Carbon Tensile Members, and Heavy-Duty Timing Belts is one of the primary growth factors for the market. Increase in Manufacturing Factories, and Innovation in Material Equipment Handling Across the Globe is also expected to contribute significantly to the Belt Drives market. Overall, Industrial Machinery applications of Belt Drives, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Belt Material, such as Leather Belt, is boosting the Belt Drives market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Sales Channel, such as Direct Sales, is boosting the Belt Drives market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Belt Drives market identified that the demand is rising in many different parts of the world as "The uptick in Automotive, Industrial and Mining Applications ". Furthermore, some recent industry insights like "On December 02, 2020, Goodyear Belts, a licensee collaboration between Adventry and The Goodyear Tire & Rubber Company, has launched a new line of power transmission belts targeting the demands of multiple markets globally." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Belt Drives market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Belt Drives market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Belt Drives Market Study

Data Triangulation
The overall Belt Drives market size is calculated using market estimation process, the Belt Drives market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Belt Drives market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales