Synchronous Timing Belts: Introduction
- Synchronous timing belts are a type of toothed belt in which power is transmitted through positive engagement between toothed sprocket and the belt teeth.
Key Drivers of the Global Synchronous Timing Belts Market
- Synchronous timing belts have high mechanical efficiency, as much as 98% when properly maintained. By contrast, chain drives are in the 91%-98% efficiency range, while V-Belts average in the 93%-98% range. This factor drives sale of synchronous timing belts over V belts.
- Synchronous timing belts can be operated at different speeds. This is one of the major factors which drives end-users across different regions to install these belts.
- Synchronous timing belts are available in either rubber or polyurethane construction. The choice of rubber or polyurethane depends on the type of application. Food and beverage companies prefer to use polyurethane belts as a result of their cleanliness requirement. Moreover, synchronous timing belts require very low installation tension compared to v-belts which exerts much less stress on drive components such as shafts and bearings.
Untapped Markets to Create New Market Opportunities
- Manufacturing activity is witnessing growth revival in developing economies such as Brazil, China, India, South Africa, and Turkey, where conveyor manufacturers may not have presence. This can be viewed as a potential growth opportunity to introduce innovative products in these markets, and this factor is expected to have high impact on the synchronous timing belts market during the forecast period.
Trade Barriers in Many Countries to Restrict Market Growth
- Different small-scale manufacturers are facing raw material purchase issues as a result of trade barriers in various geographical regions. Strict government regulations and volatile trade policies in different countries are also expected to restrict the growth of the synchronous timing belts market.
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Asia Pacific the Dominant Market for Synchronous Timing Belts
- Increasing number of conveyor manufacturing companies coupled with high foreign investment in different end-use segments in the Asia Pacific region is one of the key reasons for synchronous timing belts demand in this region. Automotive companies are key customers of synchronous timing belts. China and India are key markets. Furthermore, Japan and South Korea also account for significant share of the synchronous timing belts market.
- Key synchronous timing belts manufacturers are operating their business from Asia Pacific and North America. However, these players have a global reach through their own sales channels or distributors. North America and Europe also have significant share in the synchronous timing belts market.
- Industrial growth in Brazil is driving the demand for synchronous timing belts in South America. Increasing foreign direct investment in developing countries including Brazil, Argentina, Chile, Peru, and Columbia is driving the South America synchronous timing belts market.
Key Players Operating in the Global Synchronous Timing Belts Market
Key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Small scale players are trying to increase their sales by improving their domestic market share. Some of the key players operating in the global synchronous timing belts market are listed below:
- B&B Manufacturing Company, Inc.
- Bervina Ltd.
- BRECOflex Co., L.L.C.
- ContiTech AG
- Fenner PLC
- Forbo International SA
- Gates Corporation
- Habasit Holding AG
- Optibelt GmbH
- Svenska Kullagerfabriken AB
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Global Synchronous Timing Belts Market: Research Scope
Global Synchronous Timing Belts Market, by Product Type
- Dry Belts
- Chain
- Belt in Oil
Global Synchronous Timing Belts Market, by Component
- Tensioner
- Idler Pulleys
- Timing Shield/Cover
- Sprocket
Global Synchronous Timing Belts Market, by Distribution Channel
- OEM
- Aftermarket
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
