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Industrial V Belts Market

Explore FMI’s in-depth coverage on the Industrial V Belt Market to gain Exhaustive Analyses of Key Segments

Industrial V Belt Market by Type, End Use & Region- Forecast 2022 – 2032

Industrial V Belt Market Outlook (2022-2032)

[300 Pages Report] The global Industrial V belt market is likely to reach a valuation of US$ 1,240.8 Million in 2022. The emergence of energy efficient belts is driving the global Industrial V Belt market. These belts conserve energy by incorporating sophisticated and effective technologies. The overall sales of Industrial V Belts are projected to grow at a robust CAGR of 3.2% between 2022 and 2032, totaling around US$ 1,700.2 Million by the end of 2032.

Data Points

Key Statistics

Industrial V Belt Market Size (2022)

US$ 1,240.8 Million

Industrial V Belt Market Revenue Forecast (2032)

US$ 1,700.2 Million

Industrial V Belt Market Growth Rate (2022-2032)

3.2% CAGR

North America Market Share

25%

Industrial V Belt is utilized in a variety of applications, along with agricultural, industrial, and other applications where the speed varies in response to varying loads in machine drives. Adjustable speed belts, in other words, are used in machines with infinitely variable drive ratios. They are also classified as a member of the V-belt family.

They do, however, differ substantially in shape from the standard V-belt, which has a narrower thickness and a distinct wider width. The global Industrial V Belt market is dominated by variable speed belts used in drive applications in machinery with various drive ratios.

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Which Factors are driving the Growth of the Industrial V Belt Market?

One of the major factors driving the expansion of the global industrial V-belts market is the upsurge in replacement activities. Belt drive installation and commissioning are major challenges. During the installation of belt drives, installation tension is critical. Low tension can cause belt slippage or damage to the belt teeth. Overloading can occur as a result of high tension, causing damage to the cord, motor bearings, and shafts. When it comes to delivering maximum potential, alignment is also crucial.

To reduce the difficulties associated with belt installation and commissioning, plant operators must periodically boost their maintenance operations. However, during the process of operations, end-users either replace or repair these merchandise.

Because these belt drives are fairly inexpensive, end users are usually less hesitant to replace them. As a result, belt drives are frequently replaced. Periodic maintenance tasks of installed drives, according to vendors, are a major source of revenue. This is anticipated to propel the global industrial V-belt market forward.

Which Factors are restraining the Growth of the Industrial V Belt Market?

Alternative products represent a significant threat to the growth of the global industrial V-belts market. The availability of alternative technologies, as well as their low price and high efficiency when particularly in comparison to belt drives, create obstacles to industrial V-belt vendors.

The market has gone through a technological transformation, particularly in terms of enhancing the lifespan and efficiency of belt drives. As a consequence of market maturity, vendors are constrained in terms of product innovation because of traditional user requirements. Although belt drives dominate the market, expanding advances and improvements in alternative power transmission technologies continue to pose hurdles to the market's growth.

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How Will Growth Unfold in the North America Industrial V Belt Market?

The expansion of the global industrial V-belts market is being fueled by automation adoption in heavy industry and heavy-duty machinery. During the forecast years, the North American automated material handling machinery market is expected to grow at a 7.2% CAGR.

During the projected timeframe, the automated and sem`i-automated material handling industry in North America is expected to expand rapidly. Food and beverage applications, as well as machine tool applications, will drive the industry in the United States. North American markets are expected to grow rapidly, providing huge potential for vendors of variable speed belts in this region. North America accounts for 25% of the global market for industrial V-belts.

Which Factors Pushing the Industrial V Belt Market in the Asia Pacific?

During the forecast period, APAC will account for 40% of market growth. China and Japan are the two most important markets in APAC for industrial v-belts. Asia Pacific markets are expected to grow rapidly, providing incredible opportunities for vendors of variable speed belts in this region.

The automobile and mining industries are experiencing exponential urbanization, which has profited immensely from the industrial v-belt market. India is the world's second-largest crude steel producer, producing 107 MT in 2018 at a 3.8% growth rate, which has increased to 7.7% and 8% in the last two years, and demand/production is projected to reach 257MT by 2030-31. As a result, the market is likely to expand rapidly during the forecast period.

Furthermore, high purchasing influence in these economies, in conjunction with increased industrial activity in industries such as machine tool implementations, transmission manufacturing, and agricultural applications, is expected to propel the Asia market to economic prosperity.

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How Will Growth Unfold in the European Industrial V Belt Market?

Europe is expected to grow at an exponential rate as a result of the government's favorable policies. The automotive industry is vital to the affluence of Europe. According to the European Commission, the automotive industry employs 13.8 million Europeans directly and indirectly, accounting for 6.1% of total EU employment. The increased demand for automated material handling appliances in heavy industries such as automotive and mining to transport raw materials or goods is expected to propel the industrial v-best market.

As a result, the market in Europe is predicted to expand rapidly during the forecast period. Europe is accounting for a market share of 21% of industrial V belts.

Category-wise Analysis

Which Segments Dominate the Global Industrial V Belt Market?

In 2019, the automotive industry held the largest market share. The expansion of the automobile industry is a result of large investments by governments and key players. Foreign direct investment has had a positive impact on the v-belt market. The automotive industry is trending north in countries such as India, China, and Japan.

For example, the automotive industry in India is predicted to expand at a rate of US$ 350 billion by 2027. As a result, many lucrative opportunities have arisen for key industrial v-belt manufacturers in the automotive sector.

The Start-Up Ecosystem: How key Players are opening Frontiers for Future Growth?

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,

  • Aira Trex Solutions India Pvt. Ltd, founded in 2015, is a manufacturer, wholesaler, and trader of Oil Electrical Switchgear, Industrial Rubber Belt, Electrical transformers, Industrial Pump, Automation Valve, Conveyor systems, and other products. Rubber V Belts for power transmission applications were recently introduced.

Who are the Leading Players in Industrial V Belt Market?

Some of the leading Industrial V Belt manufacturers include

  • ContiTech AG
  • Gates Corporation
  • Optibelt GmbH
  • GoodYear Rubber Products Inc.
  • Hi-Lo Manufacturing
  • Lian Eng
  • Lovejoy
  • Megadyne
  • Pix Transmissions Ltd.
  • QPower, Inc.
  • Rubena a.s.
  • San Wu Rubber Mfg. Co., Ltd.
  • Timken Company
  • TOYOPOWER

These key Industrial V Belt providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global Industrial V Belt market. For instance,

  • ContiTech AG introduced CONTI®V MULTIBELT POWER V-belts with a low-stretch aramid tensile member and an advanced compound for excellent power transfer under extreme loads, in November 2019.
  • Gates Super HC belts, which were introduced in June 2020 by Gates Corporation, are available in 3V, 5V, and 8V cross-sections. It has FLEXIBLE CONSTRUCTION FOR ADAPTABLE USE.
  • In July 2021, Optibelt GmbH introduced Optibelt DK, which are dual-sided v-belts for multiple pulleys, clutching drive, and serpentine implementations. Its quality and engineered construction guarantee superior durability and efficiency.
  • SKF released a wide range of high-performance SKF Wrapped Wedge and Classical V-Belts in September 2021. SKF offers a comprehensive line of V-belts for use in a variety of industries.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 3.2% from 2022 to 2032

Expected Market Value (2022)

US$ 1,240.8 Million

Anticipated Forecast Value (2032)

US$ 1,700.2 Million

Base Year for Estimation

2021

Historical Data

2016-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Countries Profiled

  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • U.K
  • Spain
  • France
  • China
  • Japan
  • South Korea
  • India
  • Malaysia
  • Singapore
  • Thailand
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

Key Companies Profiled

  • ContiTech AG
  • Gates Corporation
  • Optibelt GmbH
  • GoodYear Rubber Products Inc.
  • Hi-Lo Manufacturing
  • Lian Eng
  • Lovejoy
  • Megadyne
  • Pix Transmissions Ltd.
  • QPower, Inc.
  • Rubena A.S
  • San Wu Rubber Mfg. Co., Ltd.
  • Timken Company
  • TOYOPOWER

Customization

Available Upon Request

Key Segments of Industrial V Belt Industry Survey

By Type:

  • Narrow Type
  • Wide Type

By Application:

  • Automotive
  • Construction
  • Packaging
  • Oil & Gas
  • Others

By Region:

  • North America Industrial V Belt Market
  • Latin America Industrial V Belt Market
  • Europe Industrial V Belt Market
  • Asia Pacific Industrial V Belt Market
  • Middle East & Africa Industrial V Belt Market

Frequently Asked Questions

The global Industrial V Belt market reached US$ 1,240.8 Million in 2022.

As per FMI, the Industrial V Belt industry is expected to grow at a CAGR of 3.2% throughout the forecast period (2022-2032)

The global sales of Industrial V Belts are anticipated to total a valuation of US$ 1700.2 Million by 2032

North America will continue to remain the most lucrative market for Industrial V Belts, accounting for a share of 25%

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Industrial V Belt Market Analysis 2016-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2016-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Industrial V Belt Market Analysis 2016-2021 and Forecast 2022-2032, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Type, 2016-2021

    5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Type, 2022-2032

        5.3.1. Narrow Type

        5.3.2. Wide Type

    5.4. Y-o-Y Growth Trend Analysis By Type, 2016-2021

    5.5. Absolute $ Opportunity Analysis By Type, 2022-2032

6. Global Industrial V Belt Market Analysis 2016-2021 and Forecast 2022-2032, By Applications

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Applications, 2016-2021

    6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Applications, 2022-2032

        6.3.1. Automotive

        6.3.2. Construction

        6.3.3. Packaging

        6.3.4. Oil & Gas

        6.3.5. Others

    6.4. Y-o-Y Growth Trend Analysis By Applications, 2016-2021

    6.5. Absolute $ Opportunity Analysis By Applications, 2022-2032

7. Global Industrial V Belt Market Analysis 2016-2021 and Forecast 2022-2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2016-2021

    7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. Asia Pacific

        7.3.5. MEA

    7.4. Market Attractiveness Analysis By Region

8. North America Industrial V Belt Market Analysis 2016-2021 and Forecast 2022-2032, By Country

    8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021

    8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Type

        8.2.3. By Applications

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Type

        8.3.3. By Applications

    8.4. Key Takeaways

9. Latin America Industrial V Belt Market Analysis 2016-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021

    9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Type

        9.2.3. By Applications

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Type

        9.3.3. By Applications

    9.4. Key Takeaways

10. Europe Industrial V Belt Market Analysis 2016-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021

    10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. U.K.

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Europe

        10.2.2. By Type

        10.2.3. By Applications

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Type

        10.3.3. By Applications

    10.4. Key Takeaways

11. Asia Pacific Industrial V Belt Market Analysis 2016-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021

    11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

            11.2.1.4. Malaysia

            11.2.1.5. Singapore

            11.2.1.6. Australia

            11.2.1.7. New Zealand

            11.2.1.8. Rest of APAC

        11.2.2. By Type

        11.2.3. By Applications

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Applications

    11.4. Key Takeaways

12. MEA Industrial V Belt Market Analysis 2016-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2016-2021

    12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. GCC Countries

            12.2.1.2. South Africa

            12.2.1.3. Israel

            12.2.1.4. Rest of MEA

        12.2.2. By Type

        12.2.3. By Applications

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Applications

    12.4. Key Takeaways

13. Key Countries Industrial V Belt Market Analysis

    13.1. U.S.

        13.1.1. Pricing Analysis

        13.1.2. Market Share Analysis, 2021

            13.1.2.1. By Type

            13.1.2.2. By Applications

    13.2. Canada

        13.2.1. Pricing Analysis

        13.2.2. Market Share Analysis, 2021

            13.2.2.1. By Type

            13.2.2.2. By Applications

    13.3. Brazil

        13.3.1. Pricing Analysis

        13.3.2. Market Share Analysis, 2021

            13.3.2.1. By Type

            13.3.2.2. By Applications

    13.4. Mexico

        13.4.1. Pricing Analysis

        13.4.2. Market Share Analysis, 2021

            13.4.2.1. By Type

            13.4.2.2. By Applications

    13.5. Germany

        13.5.1. Pricing Analysis

        13.5.2. Market Share Analysis, 2021

            13.5.2.1. By Type

            13.5.2.2. By Applications

    13.6. U.K.

        13.6.1. Pricing Analysis

        13.6.2. Market Share Analysis, 2021

            13.6.2.1. By Type

            13.6.2.2. By Applications

    13.7. France

        13.7.1. Pricing Analysis

        13.7.2. Market Share Analysis, 2021

            13.7.2.1. By Type

            13.7.2.2. By Applications

    13.8. Spain

        13.8.1. Pricing Analysis

        13.8.2. Market Share Analysis, 2021

            13.8.2.1. By Type

            13.8.2.2. By Applications

    13.9. Italy

        13.9.1. Pricing Analysis

        13.9.2. Market Share Analysis, 2021

            13.9.2.1. By Type

            13.9.2.2. By Applications

    13.10. China

        13.10.1. Pricing Analysis

        13.10.2. Market Share Analysis, 2021

            13.10.2.1. By Type

            13.10.2.2. By Applications

    13.11. Japan

        13.11.1. Pricing Analysis

        13.11.2. Market Share Analysis, 2021

            13.11.2.1. By Type

            13.11.2.2. By Applications

    13.12. South Korea

        13.12.1. Pricing Analysis

        13.12.2. Market Share Analysis, 2021

            13.12.2.1. By Type

            13.12.2.2. By Applications

    13.13. Malaysia

        13.13.1. Pricing Analysis

        13.13.2. Market Share Analysis, 2021

            13.13.2.1. By Type

            13.13.2.2. By Applications

    13.14. Singapore

        13.14.1. Pricing Analysis

        13.14.2. Market Share Analysis, 2021

            13.14.2.1. By Type

            13.14.2.2. By Applications

    13.15. Australia

        13.15.1. Pricing Analysis

        13.15.2. Market Share Analysis, 2021

            13.15.2.1. By Type

            13.15.2.2. By Applications

    13.16. New Zealand

        13.16.1. Pricing Analysis

        13.16.2. Market Share Analysis, 2021

            13.16.2.1. By Type

            13.16.2.2. By Applications

    13.17. GCC Countries

        13.17.1. Pricing Analysis

        13.17.2. Market Share Analysis, 2021

            13.17.2.1. By Type

            13.17.2.2. By Applications

    13.18. South Africa

        13.18.1. Pricing Analysis

        13.18.2. Market Share Analysis, 2021

            13.18.2.1. By Type

            13.18.2.2. By Applications

    13.19. Israel

        13.19.1. Pricing Analysis

        13.19.2. Market Share Analysis, 2021

            13.19.2.1. By Type

            13.19.2.2. By Applications

14. Market Structure Analysis

    14.1. Competition Dashboard

    14.2. Competition Benchmarking

    14.3. Market Share Analysis of Top Players

        14.3.1. By Regional

        14.3.2. By Type

        14.3.3. By Applications

15. Competition Analysis

    15.1. Competition Deep Dive

        15.1.1. ContiTech AG

            15.1.1.1. Overview

            15.1.1.2. Product Portfolio

            15.1.1.3. Profitability by Market Segments

            15.1.1.4. Sales Footprint

            15.1.1.5. Strategy Overview

                15.1.1.5.1. Marketing Strategy

                15.1.1.5.2. Product Strategy

                15.1.1.5.3. Channel Strategy

        15.1.2. Gates Corporation

            15.1.2.1. Overview

            15.1.2.2. Product Portfolio

            15.1.2.3. Profitability by Market Segments

            15.1.2.4. Sales Footprint

            15.1.2.5. Strategy Overview

                15.1.2.5.1. Marketing Strategy

                15.1.2.5.2. Product Strategy

                15.1.2.5.3. Channel Strategy

        15.1.3. Optibelt GmbH

            15.1.3.1. Overview

            15.1.3.2. Product Portfolio

            15.1.3.3. Profitability by Market Segments

            15.1.3.4. Sales Footprint

            15.1.3.5. Strategy Overview

                15.1.3.5.1. Marketing Strategy

                15.1.3.5.2. Product Strategy

                15.1.3.5.3. Channel Strategy

        15.1.4. GoodYear Rubber Products Inc.

            15.1.4.1. Overview

            15.1.4.2. Product Portfolio

            15.1.4.3. Profitability by Market Segments

            15.1.4.4. Sales Footprint

            15.1.4.5. Strategy Overview

                15.1.4.5.1. Marketing Strategy

                15.1.4.5.2. Product Strategy

                15.1.4.5.3. Channel Strategy

        15.1.5. Hi-Lo Manufacturing

            15.1.5.1. Overview

            15.1.5.2. Product Portfolio

            15.1.5.3. Profitability by Market Segments

            15.1.5.4. Sales Footprint

            15.1.5.5. Strategy Overview

                15.1.5.5.1. Marketing Strategy

                15.1.5.5.2. Product Strategy

                15.1.5.5.3. Channel Strategy

        15.1.6. Lian Eng

            15.1.6.1. Overview

            15.1.6.2. Product Portfolio

            15.1.6.3. Profitability by Market Segments

            15.1.6.4. Sales Footprint

            15.1.6.5. Strategy Overview

                15.1.6.5.1. Marketing Strategy

                15.1.6.5.2. Product Strategy

                15.1.6.5.3. Channel Strategy

        15.1.7. Lovejoy

            15.1.7.1. Overview

            15.1.7.2. Product Portfolio

            15.1.7.3. Profitability by Market Segments

            15.1.7.4. Sales Footprint

            15.1.7.5. Strategy Overview

                15.1.7.5.1. Marketing Strategy

                15.1.7.5.2. Product Strategy

                15.1.7.5.3. Channel Strategy

        15.1.8. Megadyne

            15.1.8.1. Overview

            15.1.8.2. Product Portfolio

            15.1.8.3. Profitability by Market Segments

            15.1.8.4. Sales Footprint

            15.1.8.5. Strategy Overview

                15.1.8.5.1. Marketing Strategy

                15.1.8.5.2. Product Strategy

                15.1.8.5.3. Channel Strategy

        15.1.9. Pix Transmissions Ltd.

            15.1.9.1. Overview

            15.1.9.2. Product Portfolio

            15.1.9.3. Profitability by Market Segments

            15.1.9.4. Sales Footprint

            15.1.9.5. Strategy Overview

                15.1.9.5.1. Marketing Strategy

                15.1.9.5.2. Product Strategy

                15.1.9.5.3. Channel Strategy

        15.1.10. QPower, Inc.

            15.1.10.1. Overview

            15.1.10.2. Product Portfolio

            15.1.10.3. Profitability by Market Segments

            15.1.10.4. Sales Footprint

            15.1.10.5. Strategy Overview

                15.1.10.5.1. Marketing Strategy

                15.1.10.5.2. Product Strategy

                15.1.10.5.3. Channel Strategy

        15.1.11. Rubena a.s.

            15.1.11.1. Overview

            15.1.11.2. Product Portfolio

            15.1.11.3. Profitability by Market Segments

            15.1.11.4. Sales Footprint

            15.1.11.5. Strategy Overview

                15.1.11.5.1. Marketing Strategy

                15.1.11.5.2. Product Strategy

                15.1.11.5.3. Channel Strategy

        15.1.12. San Wu Rubber Mfg. Co., Ltd.

            15.1.12.1. Overview

            15.1.12.2. Product Portfolio

            15.1.12.3. Profitability by Market Segments

            15.1.12.4. Sales Footprint

            15.1.12.5. Strategy Overview

                15.1.12.5.1. Marketing Strategy

                15.1.12.5.2. Product Strategy

                15.1.12.5.3. Channel Strategy

        15.1.13. Timken Company

            15.1.13.1. Overview

            15.1.13.2. Product Portfolio

            15.1.13.3. Profitability by Market Segments

            15.1.13.4. Sales Footprint

            15.1.13.5. Strategy Overview

                15.1.13.5.1. Marketing Strategy

                15.1.13.5.2. Product Strategy

                15.1.13.5.3. Channel Strategy

        15.1.14. TOYOPOWER

            15.1.14.1. Overview

            15.1.14.2. Product Portfolio

            15.1.14.3. Profitability by Market Segments

            15.1.14.4. Sales Footprint

            15.1.14.5. Strategy Overview

                15.1.14.5.1. Marketing Strategy

                15.1.14.5.2. Product Strategy

                15.1.14.5.3. Channel Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

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List of Tables

Table 1: Global Industrial V Belt Market Value (US$ Mn) Forecast by Region, 2016-2032

Table 2: Global Industrial V Belt Market Volume (Units) Forecast by Region, 2016-2032

Table 3: Global Industrial V Belt Market Value (US$ Mn) Forecast by Type, 2016-2032

Table 4: Global Industrial V Belt Market Volume (Units) Forecast by Type, 2016-2032

Table 5: Global Industrial V Belt Market Value (US$ Mn) Forecast by Applications, 2016-2032

Table 6: Global Industrial V Belt Market Volume (Units) Forecast by Applications, 2016-2032

Table 7: North America Industrial V Belt Market Value (US$ Mn) Forecast by Country, 2016-2032

Table 8: North America Industrial V Belt Market Volume (Units) Forecast by Country, 2016-2032

Table 9: North America Industrial V Belt Market Value (US$ Mn) Forecast by Type, 2016-2032

Table 10: North America Industrial V Belt Market Volume (Units) Forecast by Type, 2016-2032

Table 11: North America Industrial V Belt Market Value (US$ Mn) Forecast by Applications, 2016-2032

Table 12: North America Industrial V Belt Market Volume (Units) Forecast by Applications, 2016-2032

Table 13: Latin America Industrial V Belt Market Value (US$ Mn) Forecast by Country, 2016-2032

Table 14: Latin America Industrial V Belt Market Volume (Units) Forecast by Country, 2016-2032

Table 15: Latin America Industrial V Belt Market Value (US$ Mn) Forecast by Type, 2016-2032

Table 16: Latin America Industrial V Belt Market Volume (Units) Forecast by Type, 2016-2032

Table 17: Latin America Industrial V Belt Market Value (US$ Mn) Forecast by Applications, 2016-2032

Table 18: Latin America Industrial V Belt Market Volume (Units) Forecast by Applications, 2016-2032

Table 19: Europe Industrial V Belt Market Value (US$ Mn) Forecast by Country, 2016-2032

Table 20: Europe Industrial V Belt Market Volume (Units) Forecast by Country, 2016-2032

Table 21: Europe Industrial V Belt Market Value (US$ Mn) Forecast by Type, 2016-2032

Table 22: Europe Industrial V Belt Market Volume (Units) Forecast by Type, 2016-2032

Table 23: Europe Industrial V Belt Market Value (US$ Mn) Forecast by Applications, 2016-2032

Table 24: Europe Industrial V Belt Market Volume (Units) Forecast by Applications, 2016-2032

Table 25: Asia Pacific Industrial V Belt Market Value (US$ Mn) Forecast by Country, 2016-2032

Table 26: Asia Pacific Industrial V Belt Market Volume (Units) Forecast by Country, 2016-2032

Table 27: Asia Pacific Industrial V Belt Market Value (US$ Mn) Forecast by Type, 2016-2032

Table 28: Asia Pacific Industrial V Belt Market Volume (Units) Forecast by Type, 2016-2032

Table 29: Asia Pacific Industrial V Belt Market Value (US$ Mn) Forecast by Applications, 2016-2032

Table 30: Asia Pacific Industrial V Belt Market Volume (Units) Forecast by Applications, 2016-2032

Table 31: MEA Industrial V Belt Market Value (US$ Mn) Forecast by Country, 2016-2032

Table 32: MEA Industrial V Belt Market Volume (Units) Forecast by Country, 2016-2032

Table 33: MEA Industrial V Belt Market Value (US$ Mn) Forecast by Type, 2016-2032

Table 34: MEA Industrial V Belt Market Volume (Units) Forecast by Type, 2016-2032

Table 35: MEA Industrial V Belt Market Value (US$ Mn) Forecast by Applications, 2016-2032

Table 36: MEA Industrial V Belt Market Volume (Units) Forecast by Applications, 2016-2032

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List of Charts

Figure 1: Global Industrial V Belt Market Value (US$ Mn) by Type, 2022-2032

Figure 2: Global Industrial V Belt Market Value (US$ Mn) by Applications, 2022-2032

Figure 3: Global Industrial V Belt Market Value (US$ Mn) by Region, 2022-2032

Figure 4: Global Industrial V Belt Market Value (US$ Mn) Analysis by Region, 2016-2032

Figure 5: Global Industrial V Belt Market Volume (Units) Analysis by Region, 2016-2032

Figure 6: Global Industrial V Belt Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 7: Global Industrial V Belt Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 8: Global Industrial V Belt Market Value (US$ Mn) Analysis by Type, 2016-2032

Figure 9: Global Industrial V Belt Market Volume (Units) Analysis by Type, 2016-2032

Figure 10: Global Industrial V Belt Market Value Share (%) and BPS Analysis by Type, 2022-2032

Figure 11: Global Industrial V Belt Market Y-o-Y Growth (%) Projections by Type, 2022-2032

Figure 12: Global Industrial V Belt Market Value (US$ Mn) Analysis by Applications, 2016-2032

Figure 13: Global Industrial V Belt Market Volume (Units) Analysis by Applications, 2016-2032

Figure 14: Global Industrial V Belt Market Value Share (%) and BPS Analysis by Applications, 2022-2032

Figure 15: Global Industrial V Belt Market Y-o-Y Growth (%) Projections by Applications, 2022-2032

Figure 16: Global Industrial V Belt Market Attractiveness by Type, 2022-2032

Figure 17: Global Industrial V Belt Market Attractiveness by Applications, 2022-2032

Figure 18: Global Industrial V Belt Market Attractiveness by Region, 2022-2032

Figure 19: North America Industrial V Belt Market Value (US$ Mn) by Type, 2022-2032

Figure 20: North America Industrial V Belt Market Value (US$ Mn) by Applications, 2022-2032

Figure 21: North America Industrial V Belt Market Value (US$ Mn) by Country, 2022-2032

Figure 22: North America Industrial V Belt Market Value (US$ Mn) Analysis by Country, 2016-2032

Figure 23: North America Industrial V Belt Market Volume (Units) Analysis by Country, 2016-2032

Figure 24: North America Industrial V Belt Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 25: North America Industrial V Belt Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 26: North America Industrial V Belt Market Value (US$ Mn) Analysis by Type, 2016-2032

Figure 27: North America Industrial V Belt Market Volume (Units) Analysis by Type, 2016-2032

Figure 28: North America Industrial V Belt Market Value Share (%) and BPS Analysis by Type, 2022-2032

Figure 29: North America Industrial V Belt Market Y-o-Y Growth (%) Projections by Type, 2022-2032

Figure 30: North America Industrial V Belt Market Value (US$ Mn) Analysis by Applications, 2016-2032

Figure 31: North America Industrial V Belt Market Volume (Units) Analysis by Applications, 2016-2032

Figure 32: North America Industrial V Belt Market Value Share (%) and BPS Analysis by Applications, 2022-2032

Figure 33: North America Industrial V Belt Market Y-o-Y Growth (%) Projections by Applications, 2022-2032

Figure 34: North America Industrial V Belt Market Attractiveness by Type, 2022-2032

Figure 35: North America Industrial V Belt Market Attractiveness by Applications, 2022-2032

Figure 36: North America Industrial V Belt Market Attractiveness by Country, 2022-2032

Figure 37: Latin America Industrial V Belt Market Value (US$ Mn) by Type, 2022-2032

Figure 38: Latin America Industrial V Belt Market Value (US$ Mn) by Applications, 2022-2032

Figure 39: Latin America Industrial V Belt Market Value (US$ Mn) by Country, 2022-2032

Figure 40: Latin America Industrial V Belt Market Value (US$ Mn) Analysis by Country, 2016-2032

Figure 41: Latin America Industrial V Belt Market Volume (Units) Analysis by Country, 2016-2032

Figure 42: Latin America Industrial V Belt Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 43: Latin America Industrial V Belt Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 44: Latin America Industrial V Belt Market Value (US$ Mn) Analysis by Type, 2016-2032

Figure 45: Latin America Industrial V Belt Market Volume (Units) Analysis by Type, 2016-2032

Figure 46: Latin America Industrial V Belt Market Value Share (%) and BPS Analysis by Type, 2022-2032

Figure 47: Latin America Industrial V Belt Market Y-o-Y Growth (%) Projections by Type, 2022-2032

Figure 48: Latin America Industrial V Belt Market Value (US$ Mn) Analysis by Applications, 2016-2032

Figure 49: Latin America Industrial V Belt Market Volume (Units) Analysis by Applications, 2016-2032

Figure 50: Latin America Industrial V Belt Market Value Share (%) and BPS Analysis by Applications, 2022-2032

Figure 51: Latin America Industrial V Belt Market Y-o-Y Growth (%) Projections by Applications, 2022-2032

Figure 52: Latin America Industrial V Belt Market Attractiveness by Type, 2022-2032

Figure 53: Latin America Industrial V Belt Market Attractiveness by Applications, 2022-2032

Figure 54: Latin America Industrial V Belt Market Attractiveness by Country, 2022-2032

Figure 55: Europe Industrial V Belt Market Value (US$ Mn) by Type, 2022-2032

Figure 56: Europe Industrial V Belt Market Value (US$ Mn) by Applications, 2022-2032

Figure 57: Europe Industrial V Belt Market Value (US$ Mn) by Country, 2022-2032

Figure 58: Europe Industrial V Belt Market Value (US$ Mn) Analysis by Country, 2016-2032

Figure 59: Europe Industrial V Belt Market Volume (Units) Analysis by Country, 2016-2032

Figure 60: Europe Industrial V Belt Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 61: Europe Industrial V Belt Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 62: Europe Industrial V Belt Market Value (US$ Mn) Analysis by Type, 2016-2032

Figure 63: Europe Industrial V Belt Market Volume (Units) Analysis by Type, 2016-2032

Figure 64: Europe Industrial V Belt Market Value Share (%) and BPS Analysis by Type, 2022-2032

Figure 65: Europe Industrial V Belt Market Y-o-Y Growth (%) Projections by Type, 2022-2032

Figure 66: Europe Industrial V Belt Market Value (US$ Mn) Analysis by Applications, 2016-2032

Figure 67: Europe Industrial V Belt Market Volume (Units) Analysis by Applications, 2016-2032

Figure 68: Europe Industrial V Belt Market Value Share (%) and BPS Analysis by Applications, 2022-2032

Figure 69: Europe Industrial V Belt Market Y-o-Y Growth (%) Projections by Applications, 2022-2032

Figure 70: Europe Industrial V Belt Market Attractiveness by Type, 2022-2032

Figure 71: Europe Industrial V Belt Market Attractiveness by Applications, 2022-2032

Figure 72: Europe Industrial V Belt Market Attractiveness by Country, 2022-2032

Figure 73: Asia Pacific Industrial V Belt Market Value (US$ Mn) by Type, 2022-2032

Figure 74: Asia Pacific Industrial V Belt Market Value (US$ Mn) by Applications, 2022-2032

Figure 75: Asia Pacific Industrial V Belt Market Value (US$ Mn) by Country, 2022-2032

Figure 76: Asia Pacific Industrial V Belt Market Value (US$ Mn) Analysis by Country, 2016-2032

Figure 77: Asia Pacific Industrial V Belt Market Volume (Units) Analysis by Country, 2016-2032

Figure 78: Asia Pacific Industrial V Belt Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 79: Asia Pacific Industrial V Belt Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 80: Asia Pacific Industrial V Belt Market Value (US$ Mn) Analysis by Type, 2016-2032

Figure 81: Asia Pacific Industrial V Belt Market Volume (Units) Analysis by Type, 2016-2032

Figure 82: Asia Pacific Industrial V Belt Market Value Share (%) and BPS Analysis by Type, 2022-2032

Figure 83: Asia Pacific Industrial V Belt Market Y-o-Y Growth (%) Projections by Type, 2022-2032

Figure 84: Asia Pacific Industrial V Belt Market Value (US$ Mn) Analysis by Applications, 2016-2032

Figure 85: Asia Pacific Industrial V Belt Market Volume (Units) Analysis by Applications, 2016-2032

Figure 86: Asia Pacific Industrial V Belt Market Value Share (%) and BPS Analysis by Applications, 2022-2032

Figure 87: Asia Pacific Industrial V Belt Market Y-o-Y Growth (%) Projections by Applications, 2022-2032

Figure 88: Asia Pacific Industrial V Belt Market Attractiveness by Type, 2022-2032

Figure 89: Asia Pacific Industrial V Belt Market Attractiveness by Applications, 2022-2032

Figure 90: Asia Pacific Industrial V Belt Market Attractiveness by Country, 2022-2032

Figure 91: MEA Industrial V Belt Market Value (US$ Mn) by Type, 2022-2032

Figure 92: MEA Industrial V Belt Market Value (US$ Mn) by Applications, 2022-2032

Figure 93: MEA Industrial V Belt Market Value (US$ Mn) by Country, 2022-2032

Figure 94: MEA Industrial V Belt Market Value (US$ Mn) Analysis by Country, 2016-2032

Figure 95: MEA Industrial V Belt Market Volume (Units) Analysis by Country, 2016-2032

Figure 96: MEA Industrial V Belt Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 97: MEA Industrial V Belt Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 98: MEA Industrial V Belt Market Value (US$ Mn) Analysis by Type, 2016-2032

Figure 99: MEA Industrial V Belt Market Volume (Units) Analysis by Type, 2016-2032

Figure 100: MEA Industrial V Belt Market Value Share (%) and BPS Analysis by Type, 2022-2032

Figure 101: MEA Industrial V Belt Market Y-o-Y Growth (%) Projections by Type, 2022-2032

Figure 102: MEA Industrial V Belt Market Value (US$ Mn) Analysis by Applications, 2016-2032

Figure 103: MEA Industrial V Belt Market Volume (Units) Analysis by Applications, 2016-2032

Figure 104: MEA Industrial V Belt Market Value Share (%) and BPS Analysis by Applications, 2022-2032

Figure 105: MEA Industrial V Belt Market Y-o-Y Growth (%) Projections by Applications, 2022-2032

Figure 106: MEA Industrial V Belt Market Attractiveness by Type, 2022-2032

Figure 107: MEA Industrial V Belt Market Attractiveness by Applications, 2022-2032

Figure 108: MEA Industrial V Belt Market Attractiveness by Country, 2022-2032

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