What is Cogged Belts Market Scope?
Cogged belts are those which have slots and widely used to reduce the bending resistance of the belt. It is used in heavy industrial machinery, as well as automobiles and general machinery. Cogged belt systems are efficient at 98 per percent, while V belt systems are efficient at only 95 percent. It is used particularly in the drive system of various purpose such as poultry fans, rooftop air conditioners, laundry machines and others. It has higher as well as relatively more consistent efficiency as compared to other belt types over a range of loads.
Influencing Trend:
Increasing Number of Customer from Customer from Online Channel
Market Growth Drivers:
Rising Demand from Automotive Industry and Increasing Usage of Cogged Belt in Various Application
Challenges:
Rising Prices of Raw Material
Restraints:
Availability of substitute in the market such as V-Belts
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
The Cogged Belts market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States and India will contribute to the maximum growth of Global Cogged Belts market throughout the predicted period.
Dayco (United States), OMFA Rubbers (P) Ltd. (India), Supreme Rubber Industries (India), Bando (United States), Jones Racing (United States) and Vortech Engineering (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cogged Belts market by Type, Application and Region.
On the basis of geography, the market of Cogged Belts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In November 2022, Dayco, the world's leading manufacturer of engine products and drive systems for the automotive, heavy equipment, and industrial markets, delivered the first high-strength Dayco Power Carbon drive belt for the personal mobility sector in China. The Dayco team, along with strategic partner Tuoye, witnessed this milestone at Dayco's Suzhou facility, and this premium belt will now be installed in the lineup of leading Chinese motorcycle manufacturers.
Key Target Audience
Cogged Belt Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
Cogged Belts Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Cogged Belts Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Cogged Belts industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.