It is estimated that the market will register a revenue of more than USD 7,135 million by 2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the emerging changes in design and analysis technology for belt drives. The use of 3D printing technology allows low-cost manufacturing, with shorter lead time requirement, and easy customization of end-products.
According to the report, one of the major drivers for this market is the growing demand for automated material handling equipment. Industrial players are increasingly emphasizing on post-manufacturing operations and exploring cost-cutting opportunities in material handling through lean management principles.
Further, the report states that one of the major factors hindering the growth of this market is the reduced mining activity. The downturn in the mining industry is posing a major threat to the global industrial belt drives market.
- Continental (ContiTech)
- Timken (Carlisle)
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Product
8. Customer Landscape
9. Market Segmentation by End-user
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/lttkcl/global_industrial?w=4