Technavio has been monitoring the global industrial synchronous belt drives market size and it is poised to grow by USD 488.87 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Industrial Synchronous Belt Drives Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
Based on segmentation by end-user, which is the leading segment in the market?
Material segment is the leading end-user of the industrial synchronous belt drives.
What are the major trends in the market?
Rise in M&A and strategic alliances is one of the key trends driving the market growth.
At what rate is the market projected to grow?
The market is expected to grow at a CAGR of almost 4% during the forecast period
Who are the top players in the market?
AB SKF, ABB Ltd., Arntz Optibelt Group, B&B Manufacturing Inc., Bando Chemical Industries Ltd., Continental AG, Gates Industrial Corp. Plc, J. H. Fenner & Co. Ltd., Mitsuboshi Belting Ltd., and The Timken Co. are some of the major market participants.
What are the key market drivers?
Growing demand for automated material handling equipment is one of the key factors driving the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, ABB Ltd., Arntz Optibelt Group, B&B Manufacturing Inc., Bando Chemical Industries Ltd., Continental AG, Gates Industrial Corp. Plc, J. H. Fenner & Co. Ltd., Mitsuboshi Belting Ltd., and The Timken Co. are some of the major market participants. The growing demand for automated material handling equipment will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Industrial Synchronous Belt Drives Market 2020-2024: Segmentation
Industrial Synchronous Belt Drives Market is segmented as below:
Mining And Mineral
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Industrial Synchronous Belt Drives Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial synchronous belt drives market report covers the following areas:
Industrial Synchronous Belt Drives Market Size
Industrial Synchronous Belt Drives Market Trends
Industrial Synchronous Belt Drives Market Industry Analysis
This study identifies the rise in M&A and strategic alliances as one of the prime reasons driving the industrial synchronous belt drives market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Industrial Synchronous Belt Drives Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist industrial synchronous belt drives the market growth during the next five years
Estimation of the industrial synchronous belt drives market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the industrial synchronous belt drives market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of industrial synchronous belt drives market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by end-user
Material handling - Market size and forecast 2019-2024
Industrial machinery - Market size and forecast 2019-2024
Agriculture - Market size and forecast 2019-2024
Mining and mineral - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by end-user
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Arntz Optibelt Group
B&B Manufacturing Inc.
Bando Chemical Industries Ltd.
Gates Industrial Corp. Plc
J. H. Fenner & Co. Ltd.
Mitsuboshi Belting Ltd.
The Timken Co.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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