Ribbed Belt Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


#10434

Persistence Market Research

$ 4900

Global Ribbed Belt Market: Overview

The ribbed belt, also known as serpentine belt, V-ribbed belt is a high-performance belt suitable for high-speed operations wherein the traditional V-belts do not operate. Primarily the ribbed belt construction consists of a top layer of rubber, mid layer of fibre cord and the base layer again of a rubber compound. Such a construction delivers flexibility along with the high power transmission. The rib design offers enhanced resistance to cracks, reduces heat build-up and increases resistance towards flex fatigue. The ribbed belt design and specification differ based on the application. For instance, the domestic applications, small conveyors are designed with less thickness compared to the industrial applications such as paper industry. In an automotive application, the ribbed belts transfer the power to the power train more effectively since it bends around the pulley by consuming less energy. The dimensionally stable and elastic ribbed belt fits perfect with the drive systems and offers characteristic properties such as minimum slip, enhanced power transmission & speed ratios and high resistance to oil and temperature. Another major end use industry is the home appliances, a ribbed belt is widely used in the washing machines, conveyors etc. The global ribbed belt market is expected to grow at significantly high CAGR during the forecast period.

Global Ribbed Belt Market: Drivers and Restraints

The ribbed belt offers multiple advantages. The efficient absorption of vibrations by the ribbed belts results in smooth operations of the rollers in industries leading to the minimum wear of the components. Thus, the optimum damping of the drive vibrations and enhanced service intervals drives the global ribbed belt market. Further, the ribbed belts do not require much maintenance in industrial operations because of which the service cost is reduced and hence benefits the manufacturer. On the other note, it also heaves low noise thereby improving work conditions. These factors play an important role in driving the global ribbed belt market. 

Global Ribbed Belt Market:  Segmentation  

On the basis of rubber type, ribbed belt market can be segmented as follows:-

  • Natural rubber
  • Synthetic rubber
    • Polybutadiene
    • Polyurethane
    • Chloroprene
    • EPDM

On the basis of application, ribbed belt market can be segmented as follows:-

  • Profile PK
  • Profile PH
  • Profile PJ
  • Profile PL
  • Profile PM

On the basis of end use, ribbed belt market can be segmented as follows:-

  • Automotive
  • Manufacturing
  • Industrial Machines
  • Home Appliances
  • Others

Global Ribbed Belt Market:  Region wise Outlook

The global ribbed belt market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). The ribbed belt market in APEJ is robust in terms of production. This is attributed by major natural rubber producing countries, such as Indonesia, Thailand and Vietnam. Further, the auto component industry in APEJ region is also strong which boosts the ribbed belt market. Western Europe and North America regions, are expected to grow at moderate CAGR during the forecast period since the ribbed belt market is established with the presence of key players.

Global Ribbed belt Market:  Key Players

Some of the key players identified in the global ribbed belt market include:

  • Mitsuboshi Belting Ltd.
  • Arntz OPTIBELT Group
  • ContiTech AG
  • MEGADYNE S.P.A.
  • Dayco Products, LLC
  • J.H. Fenner & Co. Limited.
  • Bando Europe GmbH
  • TEXROPE
  • The Gates Corporation
  • SteigenTech Germany 

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.