V-belt is a belt of V-shaped cross section engaging a V-shaped groove in a pulley for wedging and better traction.
V-Belts are friction based power or torque transmitters. The power is transmitted from one pulley to the other by means of the friction between the belt and pulley. The rubber used as the base material plays a very vital role in this. This is quite similar to the friction between the Tyre and road in the automobiles that enables the automobiles to move on the road.
The V-Belt is called so because of its cross section. The cross section of a V-Belt is similar to that of the letter ?V?.
This report aims to provide a comprehensive presentation of the global market for V-belts, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding V-belts. This report contains market size and forecasts of V-belts in global, including the following market information:
- Global V-belts Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global V-belts Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five V-belts companies in 2022 (%)
The global V-belts market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in India V-belts market include Continental Corporation, Sanlux, Mitsuboshi, Navyug (India), etc. The top 4 players occupy about 30% shares of the whole market. D Type and E Type are two main types, with a share about 50%. Industrial and Agricultural are the key applications, which holds a share about 60%.
We surveyed the V-belts manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global V-belts Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global V-belts Market Segment Percentages, by Type, 2022 (%)
- A Type
- B Type
- C Type
- D Type
- E Type
- Others
Global V-belts Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global V-belts Market Segment Percentages, by Application, 2022 (%)
- Automotive
- Industrial
- Agricultural
- Others
Global V-belts Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global V-belts Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies V-belts revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies V-belts revenues share in global market, 2022 (%)
- Key companies V-belts sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies V-belts sales share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- N.K. Enterprises
- Dharamshila Belting
- Navyug
- Flexer Rubbers
- Mitsuboshi
- Gates
- Fenner Drives
- Continental Corporation
- Beha
- Optibelt
- Sanlux
- Sanwei
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of V-belts, market overview.
- Chapter 2: Global V-belts market size in revenue and volume.
- Chapter 3: Detailed analysis of V-belts manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of V-belts in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global V-belts capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
