COVID-19 Impacts: Global Industrial V-Belts Market will Accelerate at a CAGR of almost 4% through 2020-2024 | Growing Demand for Automated Material Handling Equipment to Boost Growth | Technavio
Technavio has been monitoring the global industrial V-belts market size and it is poised to grow by USD 545.24 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Industrial V-Belts Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Latest Free Sample Report on Covid-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, Arntz Optibelt Group, Continental AG, Dayco IP Holdings LLC, Fenner Drives Inc., Gates Industrial Corp. Plc, Goodyear Rubber Products Inc., Hutchinson SA, Megadyne Group, and The Timken Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing demand for automated material handling equipment has been instrumental in driving the growth of the market. However, the threat from alternative products might hamper market growth.
Industrial V-Belts Market 2020-2024 : Segmentation
Industrial V-Belts Market is segmented as below:
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Industrial V-Belts Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial v-belts market report covers the following areas:
This study identifies the developments in design and analysis technologies as one of the prime reasons driving the industrial V-belts market growth during the next few years.
Industrial V-Belts Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the industrial V-belts market, including some of the vendors such as AB SKF, Arntz Optibelt Group, Continental AG, Dayco IP Holdings LLC, Fenner Drives Inc., Gates Industrial Corp. Plc, Goodyear Rubber Products Inc., Hutchinson SA, Megadyne Group, and The Timken Co. Backed with competitive intelligence and benchmarking, our research reports on the industrial V-belts market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Industrial V-Belts Market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by End-user
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