DUBLIN--(BUSINESS WIRE)--The "Industrial Sheaves and Pulleys - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Sheaves and Pulleys Market to Reach $1.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial Sheaves and Pulleys estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027.
Material Handling, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach US$660.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Machinery segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U. S. Market is Estimated at $346.6 Million, While China is Forecast to Grow at 4.8% CAGR
The Industrial Sheaves and Pulleys market in the U. S. is estimated at US$346.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$305.7 Million by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Agricultural Equipment Segment to Record 2% CAGR
In the global Agricultural Equipment segment, USA, Canada, Japan, China and Europe will drive the 1.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$210.5 Million in the year 2020 will reach a projected size of US$235.4 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$209.6 Million by the year 2027, while Latin America will expand at a 2.7% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Fenner Drives Inc.
- Regal Beloit Corporation
- SKF Group
- The Timken Company
- Tsubakimoto Chain Co. (Tsubaki Group)
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Industrial Sheaves and Pulleys Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- Industrial Sheaves and Pulleys Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
- Industrial Sheaves and Pulleys Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
- Industrial Sheaves and Pulleys Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
- Material Handling (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
- Material Handling (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
- Material Handling (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
- Industrial Machinery (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
- Industrial Machinery (End-Use) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019
- Industrial Machinery (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
- Agricultural Equipment (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
- Agricultural Equipment (End-Use) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
- Agricultural Equipment (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
- Market Facts & Figures
- Industrial Sheaves and Pulleys Market Share (in %) by Company: 2019 & 2025
- Market Analytics
- Industrial Sheaves and Pulleys Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
- Industrial Sheaves and Pulleys Historic Demand Patterns by End-Use in US$ Thousand for 2012-2019
- Industrial Sheaves and Pulleys Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
- Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/laczei
