Product Code: 23576
Global Belt Drives Market was valued at USD 4.58 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.46% through 2029. The growing demand for automated material handling equipment will drive the growth of the global belt market during the forecast period. belt drives are known for their efficiency and reliability in power transmission. They offer a cost-effective solution with minimal energy losses during the transmission process. Manufacturers across industries are increasingly adopting belt drives to enhance the overall efficiency and reliability of their machinery, contributing to the market's expansion.
Market Overview |
Forecast Period | 2025-2029 |
Market Size 2023 | USD 4.58 Billion |
Market Size 2029 | USD 6 Billion |
CAGR 2024-2029 | 4.46% |
Fastest Growing Segment | V-Belt Drives |
Largest Market | Asia Pacific |
Key Market Drivers
Efficiency and Reliability:
belt drives are known for their efficiency and reliability in power transmission. They offer a cost-effective solution with minimal energy losses during the transmission process. Manufacturers across industries are increasingly adopting belt drives to enhance the overall efficiency and reliability of their machinery, contributing to the market's expansion.
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Formulation of the Scope
- 2.4. Assumptions and Limitations
- 2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
- 2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
- 2.7. Methodology Followed for Calculation of Market Size & Market Shares
- 2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation
3. Executive Summary
4. Impact of COVID-19 on Global Belt Drives Market
5. Voice of Customer
6. Global Belt Drives Market Overview
7. Global Belt Drives Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type (V-Belt Drives, Synchronous Belt Drives, Flat Belt Drives, Round Belt Drives, Polyurethane Belt Drives)
- 7.2.2. By Application (Automated Passport Control, Common-use Self Service (CUSS) Kiosk, Information Kiosk, Baggage Check-In Kiosk, Ticketing Kiosk, Others)
- 7.2.3. By Region
- 7.3. By Company (2023)
- 7.4. Market Map
8. North America Belt Drives Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
- 8.3. North America: Country Analysis
- 8.3.1. United States Belt Drives Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Application
- 8.3.2. Canada Belt Drives Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Application
- 8.3.3. Mexico Belt Drives Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Application
9. Europe Belt Drives Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. Germany Belt Drives Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Application
- 9.3.2. France Belt Drives Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Application
- 9.3.3. United Kingdom Belt Drives Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Application
- 9.3.4. Italy Belt Drives Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Type
- 9.3.4.2.2. By Application
- 9.3.5. Spain Belt Drives Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Type
- 9.3.5.2.2. By Application
- 9.3.6. Netherlands Belt Drives Market Outlook
- 9.3.6.1. Market Size & Forecast
- 9.3.6.2. Market Share & Forecast
- 9.3.6.2.1. By Type
- 9.3.6.2.2. By Application
- 9.3.7. Belgium Belt Drives Market Outlook
- 9.3.7.1. Market Size & Forecast
- 9.3.7.2. Market Share & Forecast
- 9.3.7.2.1. By Type
- 9.3.7.2.2. By Application
10. South America Belt Drives Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Belt Drives Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Application
- 10.3.2. Colombia Belt Drives Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Application
- 10.3.3. Argentina Belt Drives Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Application
- 10.3.4. Chile Belt Drives Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Type
- 10.3.4.2.2. By Application
11. Middle East & Africa Belt Drives Market Outlook
- 11.1. Market Size & Forecast
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Application
- 11.2.3. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Belt Drives Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Type
- 11.3.1.2.2. By Application
- 11.3.2. UAE Belt Drives Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Type
- 11.3.2.2.2. By Application
- 11.3.3. South Africa Belt Drives Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Type
- 11.3.3.2.2. By Application
- 11.3.4. Turkey Belt Drives Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Type
- 11.3.4.2.2. By Application
12. Asia Pacific Belt Drives Market Outlook
- 12.1. Market Size & Forecast
- 12.2. Market Share & Forecast
- 12.2.1. By Type
- 12.2.2. By Application
- 12.2.3. By Country
- 12.3. Asia-Pacific: Country Analysis
- 12.3.1. China Belt Drives Market Outlook
- 12.3.1.1. Market Size & Forecast
- 12.3.1.2. Market Share & Forecast
- 12.3.1.2.1. By Type
- 12.3.1.2.2. By Application
- 12.3.2. India Belt Drives Market Outlook
- 12.3.2.1. Market Size & Forecast
- 12.3.2.2. Market Share & Forecast
- 12.3.2.2.1. By Type
- 12.3.2.2.2. By Application
- 12.3.3. Japan Belt Drives Market Outlook
- 12.3.3.1. Market Size & Forecast
- 12.3.3.2. Market Share & Forecast
- 12.3.3.2.1. By Type
- 12.3.3.2.2. By Application
- 12.3.4. South Korea Belt Drives Market Outlook
- 12.3.4.1. Market Size & Forecast
- 12.3.4.2. Market Share & Forecast
- 12.3.4.2.1. By Type
- 12.3.4.2.2. By Application
- 12.3.5. Australia Belt Drives Market Outlook
- 12.3.5.1. Market Size & Forecast
- 12.3.5.2. Market Share & Forecast
- 12.3.5.2.1. By Type
- 12.3.5.2.2. By Application
- 12.3.6. Thailand Belt Drives Market Outlook
- 12.3.6.1. Market Size & Forecast
- 12.3.6.2. Market Share & Forecast
- 12.3.6.2.1. By Type
- 12.3.6.2.2. By Application
- 12.3.7. Malaysia Belt Drives Market Outlook
- 12.3.7.1. Market Size & Forecast
- 12.3.7.2. Market Share & Forecast
- 12.3.7.2.1. By Type
- 12.3.7.2.2. By Application
13. Market Dynamics
- 13.1. Drivers
- 13.2. Challenges
14. Market Trends and Developments
15. Company Profiles
- 15.1. Dayco IP Holdings, LLC
- 15.1.1. Business Overview
- 15.1.2. Key Revenue and Financials
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel/Key Contact Person
- 15.1.5. Key Product/Services Offered
- 15.2. Optibelt GmbH
- 15.2.1. Business Overview
- 15.2.2. Key Revenue and Financials
- 15.2.3. Recent Developments
- 15.2.4. Key Personnel/Key Contact Person
- 15.2.5. Key Product/Services Offered
- 15.3. Hutchinson Group
- 15.3.1. Business Overview
- 15.3.2. Key Revenue and Financials
- 15.3.3. Recent Developments
- 15.3.4. Key Personnel/Key Contact Person
- 15.3.5. Key Product/Services Offered
- 15.4. Continental AG
- 15.4.1. Business Overview
- 15.4.2. Key Revenue and Financials
- 15.4.3. Recent Developments
- 15.4.4. Key Personnel/Key Contact Person
- 15.4.5. Key Product/Services Offered
- 15.5. Daifuku Co., Ltd.
- 15.5.1. Business Overview
- 15.5.2. Key Revenue and Financials
- 15.5.3. Recent Developments
- 15.5.4. Key Personnel/Key Contact Person
- 15.5.5. Key Product/Services Offered
- 15.6. Interroll Group
- 15.6.1. Business Overview
- 15.6.2. Key Revenue and Financials
- 15.6.3. Recent Developments
- 15.6.4. Key Personnel/Key Contact Person
- 15.6.5. Key Product/Services Offered
- 15.7. Honeywell Intelligrated
- 15.7.1. Business Overview
- 15.7.2. Key Revenue and Financials
- 15.7.3. Recent Developments
- 15.7.4. Key Personnel/Key Contact Person
- 15.7.5. Key Product/Services Offered
- 15.8. TGW Logistics Group GmbH
- 15.8.1. Business Overview
- 15.8.2. Key Revenue and Financials
- 15.8.3. Recent Developments
- 15.8.4. Key Personnel/Key Contact Person
- 15.8.5. Key Product/Services Offered
- 15.9. Swisslog Holding AG
- 15.9.1. Business Overview
- 15.9.2. Key Revenue and Financials
- 15.9.3. Recent Developments
- 15.9.4. Key Personnel/Key Contact Person
- 15.9.5. Key Product/Services Offered
16. Strategic Recommendations
17. About Us & Disclaimer