North American Belt Drives Market to Exceed $1.4 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive report on North American and European Belt Drives markets. The North American market for belt drives is projected to exceed $1.4 billion by the year 2015, while the European market is set to exceed $601 million. This is primarily driven by new technological developments and enhancing product portfolio by major players. Additionally, surging applications of belt drives will contribute to the market growth.

Belt Drives: A North American and European Market Report

Use of belt drives that commenced over two centuries ago for power transmission has diversified into numerous applications, including industrial, automotive and domestic applications. Strict emission regulations and increased emphasis by engine manufacturers and designers for energy efficient devices, created a significant market for belt drive systems over chain drives. This is primarily due to their properties, including easy installation, low price, less power loss, numerous speed ratio selection, high shock absorbing capabilities, and lack of lubricant usage. These advantages have enabled belt drives emerge as a highly preferred device over other devices with power transmission capabilities.

Industrial belts dominate the North America belt drives market, as stated by the new market research report on belt drives market. V-Belts represents the largest segment in industrial belts category. However, fastest growth is likely to emanate from Timing Belts market in North American Industrial belts category. Germany represents the largest regional market for belt drives in Europe. Belt drives are primarily used for the transmission of power, followed by transportation, and linear transmission applications in Europe.

Belt drives market is a highly matured market in Europe. Growing preference for direct drives has a direct bearing on the maturity of the belt drives market. Although, belt drives makers are innovating the design and making efforts to ease belt drives functioning, and enhance performance, lifetime, and reliability of the drives, the market remains mature. Recent years witnessed the use of materials with low stretch and high tensile for the development of belt drive components with enhanced load-carrying capabilities and performance. These value-added features however remained ineffective to revitalize belt drives market in Europe.

Key players profiled in the report include Arntz Optibelt Gmbh, Bonfiglioli Riduttori SpA, Colmant-Cuvelier Technologies SA, Dayco Products LLC, Desch Antriebstechnik Gmbh & Co KG, Federal Mogul Corporation, Fenner Plc, Freudenberg-NOK, Gates Corporation, Regina Industria SpA, Reynold Plc, Sedis SA, and Tsubakimoto UK Ltd.

The report titled "Belt Drives: A North American and European Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, market trends, product overview, product developments/introductions, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including North America, and Europe (France, Germany, Italy, UK, and Rest of Europe). The North American market for Belt Drives is analyzed by the following segments - Industrial Belts (V-Belts, Timing Belts, Flat Belts, and Variable Speed Belts) and Industrial Pulleys. While, the European market for Belt Drives is analyzed for product segments - V-Belts, Timing Belts and Flat Belts; and transmission types analyzed include Power Transmission, Linear Transmission, and Transportation.

For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Belt_Drives_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/

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