Belt Drives Market grows as demand for automated material handling rises globally, driving efficiency and expansion during the forecast period.

According to TechSci Research, the “Belt Drives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2020-2030” report highlights the increasing adoption of automated material handling equipment as a key driver of market growth. Businesses are focusing on improving customer satisfaction and accelerating cash flow, leading to the widespread implementation of automation in material handling processes, including loading and logistics.

Automated material handling equipment is a vital part of the material handling industry, significantly impacting the global belt drives market. The growing demand for such equipment has led to an increased need for belt drives, which play a crucial role in various industrial processes. As automation continues to expand, the demand for belt drives is expected to rise, driving market growth during the forecast period.

Additionally, the mechanization of agriculture and farming operations in developing economies is expected to influence the belt drives market positively. Many developing nations rely heavily on agriculture, and the adoption of modern farming equipment is increasing. Government subsidies for farm equipment are encouraging farmers to invest in advanced machinery, further boosting demand for belt drives in agricultural applications.

Another factor contributing to market growth is the increasing investment in assets and improved cash flow among machinery owners. This financial stability allows businesses to replace outdated machinery with newer, more efficient equipment, further fueling demand for belt drives. As industries prioritize modernizing their equipment, the belt drives market is expected to experience steady growth.

Applications and Challenges

Belt drives are widely used in various industries, including conveyors, metal-cutting machines, textiles, steel processing, and packaging. These applications require high precision, fast rotor movement, and minimal vibration. However, worn belts can create unwanted noise and potentially damage the entire system. Additionally, belt drives may experience slippage, which prevents exact synchronization between two shafts, although synchronized timing belts are available to mitigate this issue.

Despite their advantages, belt drives face competition from electric motor-integrated drive systems. High-precision motors, such as stepper and servo motors, offer controlled torque and precise angular movement, making them a preferred choice for many industrial applications. These motors eliminate inefficiencies found in induction and brushed DC motors, allowing smoother operations. The limitations of belt drives in high-precision applications and harsh environmental conditions may hinder market growth during the forecast period.

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COVID-19 Impact and Regional Growth

The COVID-19 pandemic had a severe negative impact on several countries, including Japan, South Korea, and India, causing widespread shutdowns in 2020. However, large-scale vaccination drives in 2021 helped stabilize the situation, leading to the resumption of business operations and manufacturing activities. The recovery of end-user industries, such as agriculture and construction, has driven renewed demand for belt drives in the region.

Furthermore, the growth of the construction industry in Asia-Pacific is expected to foster the expansion of the regional belt drives market. As industrial activities resume and infrastructure projects gain momentum, the demand for belt drives is likely to increase significantly throughout the forecast period.

Key market players in the Global Belt Drives Market are: -

Dayco IP Holdings, LLC
Optibelt GmbH
Hutchinson Group
Continental AG
Daifuku Co., Ltd.
Interroll Group
Honeywell Intelligrated
TGW Logistics Group GmbH
Swisslog Holding AG

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“The market share growth by the material handling industry segment will be significant during the forecast period. The material handling segment accounts for a large portion of the global belt drives market. This segment includes oil and gas, mining, medical, machine tools, and wood industries. belt drives such as Vnaught belts or Synchronous Belt Drives are used widely for the handling of materials. The material handling industry segment showed a gradual increase in the market share of USD 1,783.57 million in 2017 and continued to grow by 2021. Material handling equipment is also used for storing and dispatching materials. In the market segment, there has been strong growth in 2019 as more and more automated material equipment is adopted.

In addition, healthcare, retail, manufacturing, and automotive industries have increasingly been adopting automated material handling systems such as automated guided vehicles, automated storage and retrieval systems, and conveyor systems. This will aid in the growth of the material handling industry segment in the global belt drives market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Belt Drives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (V-Belt Drives, Synchronous Belt Drives, Flat Belt Drives, Round Belt Drives, Polyurethane Belt Drives), By Application (Automated Passport Control, Common-use Self Service (CUSS) Kiosk, Information Kiosk, Baggage Check-In Kiosk, Ticketing Kiosk, Others), By Region, and By Competition 2020-2030” provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Belt Drives Market.

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