Collaborative Business Models Set to Catalyze Growth in the Global Belt and Chain Drives Market, 2020–2024

Collaborative Business Models Set to Catalyze Growth in the Global Belt and Chain Drives Market, 2020–2024

New Product Development Aimed at Improving Efficiency will Drive Growth Opportunities

RELEASE DATE
20-Jul-2020
REGION
Global
Research Code: K49D-01-00-00-00
SKU: IA01589-GL-MR_24594

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Description

This study provides information on the global belt and chain drives market. It lists the major trends and the prevailing scenario across all regions and discusses the major drivers and challenges that will impact the market in the future. While improvements in belt design and the use of lubrication for chains has improved the life of these products, improper use of these drives and the absence of regular maintenance impact their longevity and increase their rate of replacement.

Globally, with the exception of some countries in Asia Pacific (APAC), a lack of investor confidence has delayed new projects in various end-user industries. Unlike other systems used in industry settings, growth in the belt and chain drives industry is limited due to fewer opportunities for value addition and technological development. With some markets being impacted heavily by the slowdown, its effects are also being felt in related industries. However, there is a sense of optimism that the present scenario will gradually ease out during the forecast period as companies are always looking to incorporate newer methods to help address efficiency issues. There is a need to work with multiple vendors along the value chain as suppliers have the ability to navigate through different on price points. The present scenario has meant that vendors and financial institutions supporting some of these industries are unable to inject capital required for growth. Developments in IIoT and Big Data are becoming vital and require that end users adopt these technologies to improve their market share. However, it must be remembered that there are several factors such as technology and investments among others that need to be understood before estimating market revenue. APAC is a major market but given the far-reaching effects of COVID-19, growth in several regions are likely to be impacted. While the impact will vary across regions, the pandemic is expected to affect most regions.

Key Issues Addressed

  • Is the global market for belt and chain drives growing?
  • What trends have impacted the market from last year and how long will it last?
  • How is the demand for belt and chain drives distributed across different end-user industries?
  • Which geography or end user is expected to offer more demand for chain drives or belt drives?
  • What are the threats this market is likely to encounter, and what are the factors that may drive the market?

Author: Krishnan Ramanathan

Table of Contents

Key Findings

Market Engineering Measurements

Market Definitions

Research Scope

Geographic Scope

End-user Definitions

Key Questions this Study will Answer

Market Segmentation

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Forecast Assumptions

Total Belt and Chain Drives Market—Percent Revenue Forecast by Region

Total Belt and Chain Drives Market—Revenue Forecast

Total Belt and Chain Drives Market—Revenue Forecast Discussion

Total Belt and Chain Drives Market—Revenue Forecast by Region

Regional or Global Hotspots

Belt Drives Market—Revenue Forecast by End-user Industry

Chain Drives Market—Revenue Forecast by End-user Industry

Belt and Chain Drives Market—Revenue Forecast by End-user Industry Discussion

Belt and Chain Drives Market—Revenue Forecast by End-user Industry Discussion (continued)

Belt Drives Market—Market Share Analysis

Chain Drives Market—Market Share Analysis

Market Engineering Measurements

Americas Market—Revenue Forecast

Americas Market—Revenue Forecast Discussion

Competitive Analysis—Belt Drives Market

Market Share Analysis—Belt Drives Market

Competitive Analysis—Chain Drives Market

Market Share Analysis—Chain Drives Market

Americas Market—Revenue Forecast by End-user Industry

Americas Market—Revenue Forecast by End-user Industry Discussion

Market Engineering Measurements

EMEA Market—Revenue Forecast

EMEA Market—Revenue Forecast Discussion

Competitive Analysis—Belt Drives Market

Market Share Analysis—Belt Drives Market

Competitive Analysis—Chain Drives Market

Market Share Analysis—Chain Drives Market

EMEA Market—Revenue Forecast by End-user Industry

EMEA Market—Revenue Forecast by End-user Industry Discussion

Market Engineering Measurements

APAC Market—Revenue Forecast

APAC Market—Revenue Forecast Discussion

Competitive Analysis—Belt Drives Market

Market Share Analysis—Belt Drives Market

Competitive Analysis—Chain Drives Market

Market Share Analysis—Chain Drives Market

APAC Market—Revenue Forecast by End-user Industry

APAC Market—Revenue Forecast by End-user Industry Discussion

2019 Key Influencers for End Users

Quality Assurance Process

Business Transformation—Emergence of New Business Models

Latest Technologies Being Adopted

TIES Project—Major Growth Opportunities

Growth Opportunity 1—Collaboration for Growth

Growth Opportunity 2—Use of Newer Materials Enables Broader Capabilities

The Last Word—Three Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies in Others

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
This study provides information on the global belt and chain drives market. It lists the major trends and the prevailing scenario across all regions and discusses the major drivers and challenges that will impact the market in the future. While improvements in belt design and the use of lubrication for chains has improved the life of these products, improper use of these drives and the absence of regular maintenance impact their longevity and increase their rate of replacement. Globally, with the exception of some countries in Asia Pacific (APAC), a lack of investor confidence has delayed new projects in various end-user industries. Unlike other systems used in industry settings, growth in the belt and chain drives industry is limited due to fewer opportunities for value addition and technological development. With some markets being impacted heavily by the slowdown, its effects are also being felt in related industries. However, there is a sense of optimism that the present scenario will gradually ease out during the forecast period as companies are always looking to incorporate newer methods to help address efficiency issues. There is a need to work with multiple vendors along the value chain as suppliers have the ability to navigate through different on price points. The present scenario has meant that vendors and financial institutions supporting some of these industries are unable to inject capital required for growth. Developments in IIoT and Big Data are becoming vital and require that end users adopt these technologies to improve their market share. However, it must be remembered that there are several factors such as technology and investments among others that need to be understood before estimating market revenue. APAC is a major market but given the far-reaching effects of COVID-19, growth in several regions are likely to be impacted. While the impact will vary across regions, the pandemic is expected to affect most regions.--BEGIN PROMO--

Key Issues Addressed

  • Is the global market for belt and chain drives growing?
  • What trends have impacted the market from last year and how long will it last?
  • How is the demand for belt and chain drives distributed across different end-user industries?
  • Which geography or end user is expected to offer more demand for chain drives or belt drives?
  • What are the threats this market is likely to encounter, and what are the factors that may drive the market?

Author: Krishnan Ramanathan

More Information
No Index No
Podcast No
Author Krishnan Ramanathan
Industries Industrial Automation
WIP Number K49D-01-00-00-00
Is Prebook No
GPS Codes 9406-A5,9593,9420