Table of Contents
This research service analyses the current market situation in the global belt drives and chain drives market. It provides an analysis of the key challenegs, drivers and restarints in the market, and their impact on a time scale are discussed. Market estimates in terms of end-users, geography, and products are provided. A comprehensive analysis of the market share is also included, and the key factors influencing the oligopoly market are discussed. The key market participants and their product offereings are also discussed.
The maturity of belt drives and chain drives, which constitute the mechanical mode of
power transmission systems, has prevented them from witnessing significant growth in
terms of technology and revenue.
The global belt drive and chain drive market was estimated to be $ billion in 2013. It
is expected to witness a compound annual growth rate (CAGR) of % from 2013 to
2018 and is expected to reach $ billion by 2018.
Growth is predominantly expected in the Asian and Latin American markets, where
significant investments in infrastructure development, coupled with rapid
industrialization, are likely to boost sales of belt drives and chain drives in the Original
Equipment Manufacturer (OEM) market.
The market for belt drives and chain drives in the agricultural sector is expected to
witness rapid growth over the forecast period, due to the simplicity of design and the
cost benefits they offer.
Economic uncertainty continues to plague the European market while the shifting of the
North American manufacturing industry to emerging economies is likely to hamper
growth of the domestic market in the short term and mid-term of the forecast period.
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