According the report, Belts with Carbon Tensile Members, and Heavy-Duty Timing Belts is one of the primary growth factors for the market. Increase in Manufacturing Factories, and Innovation in Material Equipment Handling Across the Globe is also expected to contribute significantly to the Belt Drives market. Overall, Industrial Machinery applications of Belt Drives, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Belt Drives market identified that the demand is rising in many different parts of the world as "The uptick in Automotive, Industrial and Mining Applications ". Furthermore, some recent industry insights like "On December 02, 2020, Goodyear Belts, a licensee collaboration between Adventry and The Goodyear Tire & Rubber Company, has launched a new line of power transmission belts targeting the demands of multiple markets globally." is constantly making the industry dynamic. One of the challenges that industry facing is "Adoption of Electrical Motors and Drives in Industrial Application, Slip and Creep in Belt and Premature Belt Failure owing to Misalignment"

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Belt Drives market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Belt Drives market and other related sub-markets covered in the study.

o Key & emerging players in the Belt Drives market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Belt Drives market size is calculated using market estimation process, the Belt Drives market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Belt Drives market size has been validated using both top-down and bottom-up approaches.