Global Ribbed Belt Market Opportunity Assessment to Reveal Lucrative Growth Prospects for Players

Global Ribbed Belt Market: Overview

The ribbed belt, also known as serpentine belt, V-ribbed belt is a high-performance belt suitable for high-speed operations wherein the traditional V-belts do not operate. Primarily the ribbed belt construction consists of a top layer of rubber, mid layer of fibre cord and the base layer again of a rubber compound. Such a construction delivers flexibility along with the high power transmission. The rib design offers enhanced resistance to cracks, reduces heat build-up and increases resistance towards flex fatigue. The ribbed belt design and specification differ based on the application. For instance, the domestic applications, small conveyors are designed with less thickness compared to the industrial applications such as paper industry. In an automotive application, the ribbed belts transfer the power to the power train more effectively since it bends around the pulley by consuming less energy. The dimensionally stable and elastic ribbed belt fits perfect with the drive systems and offers characteristic properties such as minimum slip, enhanced power transmission & speed ratios and high resistance to oil and temperature. Another major end use industry is the home appliances, a ribbed belt is widely used in the washing machines, conveyors etc. The global ribbed belt market is expected to grow at significantly high CAGR during the forecast period.

Global Ribbed Belt Market: Drivers and Restraints

The ribbed belt offers multiple advantages. The efficient absorption of vibrations by the ribbed belts results in smooth operations of the rollers in industries leading to the minimum wear of the components. Thus, the optimum damping of the drive vibrations and enhanced service intervals drives the global ribbed belt market. Further, the ribbed belts do not require much maintenance in industrial operations because of which the service cost is reduced and hence benefits the manufacturer. On the other note, it also heaves low noise thereby improving work conditions. These factors play an important role in driving the global ribbed belt market. 

Global Ribbed Belt Market:  Segmentation  

On the basis of rubber type, ribbed belt market can be segmented as follows:-Natural rubber

Synthetic rubber

Polybutadiene

Polyurethane

Chloroprene

EPDM

On the basis of application, ribbed belt market can be segmented as follows:-Profile PK

Profile PH

Profile PJ

Profile PL

Profile PM

On the basis of end use, ribbed belt market can be segmented as follows:-Automotive

Manufacturing

Industrial Machines

Home Appliances

Others

Global Ribbed Belt Market:  Region wise Outlook

The global ribbed belt market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). The ribbed belt market in APEJ is robust in terms of production. This is attributed by major natural rubber producing countries, such as Indonesia, Thailand and Vietnam. Further, the auto component industry in APEJ region is also strong which boosts the ribbed belt market. Western Europe and North America regions, are expected to grow at moderate CAGR during the forecast period since the ribbed belt market is established with the presence of key players.

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Global Ribbed belt Market:  Key Players

Some of the key players identified in the global ribbed belt market include:Mitsuboshi Belting Ltd.

Arntz OPTIBELT Group

ContiTech AG

MEGADYNE S.P.A.

Dayco Products, LLC

J.H. Fenner & Co. Limited.

Bando Europe GmbH

TEXROPE

The Gates Corporation

SteigenTech Germany