High Performance Belts Drive Components Market

June 26, 2000
/ Print / Reprints /
/ Text Size+
SAN JOSE, CA – According to new research by Frost & Sullivan, end-users in a variety of industries are requiring belts with longer lifecycles, greater load capacity, and higher torque.

Belt-drive component manufacturers are responding with new designs and products that employ new materials.

The research report, called U.S. Industrial Belt Drive Components Market, to be released in July, says that the total market for belt-drive components increased from $1.04 billion in 1998 to $1.08 billion in 99. The growth rate is expected to accelerate through 2006 as manufacturers improve their products’ performance.

U.S. Challenges

Despite the promise of gains following technological advances, vendors in this country still have several challenges ahead.

U.S. markets are being flooded with low-priced products from overseas, the report notes. The effects of this trend are magnified by the fact that there are fewer and fewer customers in the United States to serve.

“As more companies move their manufacturing to locations outside the U.S., belt and pulley manufacturers will be forced to participate in global markets,” says Frost & Sullivan analyst Michael Rasche.

“U.S. companies must target new applications within the U.S. and explore opportunities in foreign markets, all while attempting to maintain adequate profit margins.”

Drives On The Rise

Meanwhile, competition from electric drives continues to loom over the industry. Some users of belt drives have been switching to the more precise and energy-efficient electric drives since the 80s.

In the past, belt drives were more economical, but the price of electric drives is steadily decreasing.

“Electric drives are now being selected for new equipment purchases as well as for system upgrades,” says Rasche. However, “electric drives are not likely to replace most belt drives in the short term.

“Many belt drive users are satisfied with the performance of their drives and do not perceive a need for the advanced functions available with electric drives.”

This report examines the several product segments within the belt and pulley markets, including the flat belt, v-belt, synchronous/timing belt, and variable-speed belt segments. It evaluates market drivers and restraints, analyzes pricing strategies and trends, and presents forecasts for each segment.

For more information on the report, contact Shantel Wilkins at 210-348-1015; swilkins@frost.com (e-mail); www.frost.com (website).

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Jeremy Begley

Jeremy Begley, home-performance specialist and Web and social media manager with National Heating and Air Conditioning Co. in Cincinnati discusses how and why you should add home-performance philosophies to your contracting repertoire. Posted on Sept. 12.

More Podcasts


NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con