PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504942
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504942
U.S. Non-Automotive Rubber Transmission Belts Market Share, Size, Trends, Industry Analysis Report, By Product (Raw Edged Belts, V-Belts, Timing Belts, Specialty Belts, Others); By Application; Segment Forecast, 2024 - 2032
The U.S. non-automotive rubber transmission belts market size is expected to reach USD 1,847.74 Million by 2032, according to a new study by Polaris Market Research. The report "U.S. Non-Automotive Rubber Transmission Belts Market Share, Size, Trends, Industry Analysis Report, By Product (Raw Edged Belts, V-Belts, Timing Belts, Specialty Belts, Others); By Application; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for non-automotive rubber transmission belts in the United States is essential due to its varied industrial landscape and infrastructure projects. The demand for transmission belts is consistently high due to robust sectors such as automotive, aerospace, and food processing. Moreover, the agricultural sector relies heavily on transmission belts for various applications, leading to further market growth.
The US market is witnessing a surge in growth due to continuous technological advancements and a relentless pursuit of energy efficiency. This has made the industry more dynamic and adaptable to evolving needs. The country's commitment to innovation and sustainability underscores its position as a leader in the global transmission belt market, driving adoption across diverse industries. Nevertheless, the market faces some restraining factors, such as the volatility in raw material prices, particularly natural rubber and synthetic elastomers. The instability in the costs of raw materials has a substantial impact on the production costs and profit margins of manufacturers. This leads to challenges in devising pricing strategies and maintaining market competitiveness.
Industries such as manufacturing, agriculture, and mining require belts that can survive harsh operating conditions and provide extended service life. Recent advancements in belt technology have led to the development of high-performance materials and designs that offer superior resistance to wear, heat, and abrasion. The introduction of synthetic rubbers, fiber-reinforced composites, and advanced polymer blends has resulted in the creation of belts with higher flexibility and durability, which ultimately reduces maintenance costs and enhances the efficiency of industrial processes.
U.S. Non-Automotive Rubber Transmission Belts Market Report Highlights
The v-belts segment in the market is expected to experience substantial growth over the forecast period. This is due to the wide range of applications of v-belts across different industries, such as manufacturing, agriculture, and construction, where they are known for their high efficiency, versatility, and cost-effectiveness.
The U.S. non-automotive rubber transmission belts market was largely dominated by the industrial segment in 2023. This is due to various industries relying heavily on machinery and equipment powered by transmission belts to ensure smooth and efficient operations.
The U.S. key market players include CHIORINO S.p.A., Continental AG, Gates Industrial Corporation plc, Habasit, Hanna Rubber Company, Mitsuboshi Belting Ltd, Optibelt GmbH, PIX NORTH AMERICA INC, SKF, and among others.
Polaris Market Research has segmented the U.S. Non-Automotive Rubber Transmission Belts market report based on product and application:
U.S. Non-Automotive Rubber Transmission Belts, Product Outlook (Revenue - USD Million, 2020 - 2032)
- Raw Edged Belts
- V-Belts
- Timing Belts
- Specialty Belts
- Others
U.S. Non-Automotive Rubber Transmission Belts, Application Outlook (Revenue - USD Million, 2020 - 2032)
- Industrial
- Agricultural Equipment
- Building & Construction
- Mining
- Aerospace
- Food and Processing Industry
- Textile Industry
- Others
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. U.S. Non-Automotive Rubber Transmission Belts Market Insights
- 4.1. U.S. Non-Automotive Rubber Transmission Belts Market - Industry Snapshot
- 4.2. U.S. Non-Automotive Rubber Transmission Belts Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Enhanced belt performance and durability fuel demand for non-automotive rubber transmission belts
- 4.2.1.2. Innovations in rubber compound formulations, belt design, and manufacturing processes drive the market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Competition from alternatives like chain drives and synchronous belts
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. U.S. Non-Automotive Rubber Transmission Belts Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. U.S. Non-Automotive Rubber Transmission Belts Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Non-Automotive Rubber Transmission Belts, by Product, 2019-2032 (USD Million)
- 5.3. Raw Edged Belts
- 5.3.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Raw Edged Belts, 2019-2032 (USD Million)
- 5.4. V-Belts
- 5.4.1. U.S. Non-Automotive Rubber Transmission Belts Market, by V-Belts, 2019-2032 (USD Million)
- 5.5. Timing Belts
- 5.5.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Timing Belts, 2019-2032 (USD Million)
- 5.6. Specialty Belts
- 5.6.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Specialty Belts, 2019-2032 (USD Million)
- 5.7. Others
- 5.7.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Others, 2019-2032 (USD Million)
6. U.S. Non-Automotive Rubber Transmission Belts Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Application, 2019-2032 (USD Million)
- 6.3. Industrial
- 6.3.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Industrial, 2019-2032 (USD Million)
- 6.4. Agricultural Equipment
- 6.4.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Agricultural Equipment, 2019-2032 (USD Million)
- 6.5. Building & Construction
- 6.5.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Building & Construction, 2019-2032 (USD Million)
- 6.6. Mining
- 6.6.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Mining, 2019-2032 (USD Million)
- 6.7. Aerospace
- 6.7.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Aerospace, 2019-2032 (USD Million)
- 6.8. Food and Processing Industry
- 6.8.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Food and Processing Industry, 2019-2032 (USD Million)
- 6.9. Textile Industry
- 6.9.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Textile Industry, 2019-2032 (USD Million)
- 6.10. Others
- 6.10.1. U.S. Non-Automotive Rubber Transmission Belts Market, by Others, 2019-2032 (USD Million)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. CHIORINO S.p.A.
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Continental AG
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Gates Industrial Corporation plc
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Habasit
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Hanna Rubber Company
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Mitsuboshi Belting Ltd
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Optibelt GmbH
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. SKF
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. PIX NORTH AMERICA INC
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
List of Tables
- Table 1 U.S. Non-Automotive Rubber Transmission Belts Market, by Product, 2019-2032 (USD Million)
- Table 2 U.S. Non-Automotive Rubber Transmission Belts Market, by Application, 2019-2032 (USD Million)
List of Figures
- Figure 1 U.S. Non-Automotive Rubber Transmission Belts Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 U.S. Non-Automotive Rubber Transmission Belts Market, by Application, 2021 & 2030 (USD Million)
- Figure 8 Market by Product
- Figure 9 U.S. Non-Automotive Rubber Transmission Belts Market, by Product, 2021 & 2030 (USD Million)
- Figure 13 U.S. Non-Automotive Rubber Transmission Belts Market Assessment, By Countries, 2019-2032 (USD Million)
- Figure 14 Strategic Analysis - U.S. Non-Automotive Rubber Transmission Belts Market
