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According to the latest research, the global Agricultural Machinery Drive Belt market size was valued at USD 1125.7 million in 2022 and is expected to expand at a CAGR of 5.62% during the forecast period, reaching USD 1562.77 million by 2028.
Agricultural Machinery Drive Belt is a component responsible for driving various auxiliary mechanisms to run. A drive belt is installed on agricultural machinery, which can carry out various fixed operations, such as water pumping, threshing and power generation. Compared with the general industrial drive belt, the Agricultural Machinery Drive Belt is a thin belt, which is designed to withstand harsh conditions such as high impact, small pulley diameter, reverse bending and high temperature.
Growth Drivers
At present, modern agriculture in many parts of the world is in a period of rapid development, and agricultural mechanization and automation are gradually replacing traditional farming methods. In order to improve agricultural and labor productivity, the global investment in agricultural mechanization is increasing, which helps to drive the demand for gears and drives for agricultural applications, thus driving the demand for Agricultural Machinery Drive Belt. In addition, the farming methods of many agricultural growers have changed. In the past, in many areas, only crop producers could use agricultural machinery, and individual growers generally used traditional farming methods. But in recent years, more and more family or individual growers began to use agricultural machinery for farming. This change has increased the use of agricultural machinery and the demand for the Agricultural Machinery Drive Belt.
With the continuous growth of the global population, the demand for food will continue to increase, which requires the continuous expansion of global agricultural planting. The development of agriculture requires more agricultural machinery, which will directly increase the demand for Agricultural Machinery Drive Belt. Therefore, the development of downstream industries of the Agricultural Machinery Drive Belt will promote the development of its market.
Challenges
In the manufacturing of the Agricultural Machinery Drive Belt, there is no need for high innovation requirements, and the manufacturing technology requirements are relatively low. Therefore, the industrial threshold of the Agricultural Machinery Drive Belt is low. Driven by profits, many investors enter the Agricultural Machinery Drive Belt industry, which not only intensifies the competition in this industry but also brings more and more challenges to enterprises in the Agricultural Machinery Drive Belt industry. Moreover, many investors produce
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
ContiTech is one of the major players operating in the Agricultural Machinery Drive Belt market, holding a share of 22.04% in 2022.
ContiTech is a subsidiary of Continental AG. ContiTech develops, manufactures and sells products, systems and smart components made of rubber, plastic, metal and fabric. They will be used in machine and equipment engineering, mining, agriculture, automotive industry and other important sectors.
Gates Corporation is a manufacturer of fluid power and power transmission solutions for specific applications. Gates is committed to breaking through the boundaries of materials science and designing products that continue to exceed expectations. Gates Corporation's areas of focus: automotive aftermarket belts and hoses, industrial hose systems, timing belt drives and V-belts.
Segmentation Overview:
By type, Wrapped V-Belt segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Combine Harvester segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Agricultural Machinery Drive Belt industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Agricultural Machinery Drive Belt. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Agricultural Machinery Drive Belt Market Report Include:
Market Size Estimates: Agricultural Machinery Drive Belt market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Agricultural Machinery Drive Belt market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Agricultural Machinery Drive Belt market
Segment Market Analysis: Agricultural Machinery Drive Belt market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Agricultural Machinery Drive Belt market situations and prospects in major and top regions and countries
Agricultural Machinery Drive Belt Market
Agricultural Machinery Drive Belt Industry Chain: Agricultural Machinery Drive Belt market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Agricultural Machinery Drive Belt Industry News, Policies by regions
Agricultural Machinery Drive Belt Industry Porters Five Forces Analysis
Key players in the global Agricultural Machinery Drive Belt market are covered in Chapter 2:
PIX Transmissions
Timken
Arntz Optibelt Group
Mitsuboshi Belting
ContiTech
Colmant Cuvelier RPS
Bando Chemical Industries
Ruiniu Stock Company Limited
MITSUBABELTS
Gates Corporation
Hutchinson
In Chapter 6 and Chapter 9, on the basis of types, the Agricultural Machinery Drive Belt market from 2018 to 2028 is primarily split into:
Banded V-Belt
Wrapped V-Belt
Variable Speed V-Belt
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Agricultural Machinery Drive Belt market from 2018 to 2028 covers:
Combine Harvester
Thresher
Tractor
Lawn Mower
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Agricultural Machinery Drive Belt market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Agricultural Machinery Drive Belt industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Agricultural Machinery Drive Belt market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Agricultural Machinery Drive Belt industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Agricultural Machinery Drive Belt market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Agricultural Machinery Drive Belt market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Agricultural Machinery Drive Belt market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Agricultural Machinery Drive Belt is a component responsible for driving various auxiliary mechanisms to run. A drive belt is installed on agricultural machinery, which can carry out various fixed operations, such as water pumping, threshing and power generation. Compared with the general industrial drive belt, the Agricultural Machinery Drive Belt is a thin belt, which is designed to withstand harsh conditions such as high impact, small pulley diameter, reverse bending and high temperature.
Growth Drivers
At present, modern agriculture in many parts of the world is in a period of rapid development, and agricultural mechanization and automation are gradually replacing traditional farming methods. In order to improve agricultural and labor productivity, the global investment in agricultural mechanization is increasing, which helps to drive the demand for gears and drives for agricultural applications, thus driving the demand for Agricultural Machinery Drive Belt. In addition, the farming methods of many agricultural growers have changed. In the past, in many areas, only crop producers could use agricultural machinery, and individual growers generally used traditional farming methods. But in recent years, more and more family or individual growers began to use agricultural machinery for farming. This change has increased the use of agricultural machinery and the demand for the Agricultural Machinery Drive Belt.
With the continuous growth of the global population, the demand for food will continue to increase, which requires the continuous expansion of global agricultural planting. The development of agriculture requires more agricultural machinery, which will directly increase the demand for Agricultural Machinery Drive Belt. Therefore, the development of downstream industries of the Agricultural Machinery Drive Belt will promote the development of its market.
Challenges
In the manufacturing of the Agricultural Machinery Drive Belt, there is no need for high innovation requirements, and the manufacturing technology requirements are relatively low. Therefore, the industrial threshold of the Agricultural Machinery Drive Belt is low. Driven by profits, many investors enter the Agricultural Machinery Drive Belt industry, which not only intensifies the competition in this industry but also brings more and more challenges to enterprises in the Agricultural Machinery Drive Belt industry. Moreover, many investors produce
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
ContiTech is one of the major players operating in the Agricultural Machinery Drive Belt market, holding a share of 22.04% in 2022.
ContiTech is a subsidiary of Continental AG. ContiTech develops, manufactures and sells products, systems and smart components made of rubber, plastic, metal and fabric. They will be used in machine and equipment engineering, mining, agriculture, automotive industry and other important sectors.
Gates Corporation is a manufacturer of fluid power and power transmission solutions for specific applications. Gates is committed to breaking through the boundaries of materials science and designing products that continue to exceed expectations. Gates Corporation's areas of focus: automotive aftermarket belts and hoses, industrial hose systems, timing belt drives and V-belts.
Segmentation Overview:
By type, Wrapped V-Belt segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Combine Harvester segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Agricultural Machinery Drive Belt industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Agricultural Machinery Drive Belt. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Agricultural Machinery Drive Belt Market Report Include:
Market Size Estimates: Agricultural Machinery Drive Belt market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Agricultural Machinery Drive Belt market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Agricultural Machinery Drive Belt market
Segment Market Analysis: Agricultural Machinery Drive Belt market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Agricultural Machinery Drive Belt market situations and prospects in major and top regions and countries
Agricultural Machinery Drive Belt Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Agricultural Machinery Drive Belt Industry Chain: Agricultural Machinery Drive Belt market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Agricultural Machinery Drive Belt Industry News, Policies by regions
Agricultural Machinery Drive Belt Industry Porters Five Forces Analysis
Key players in the global Agricultural Machinery Drive Belt market are covered in Chapter 2:
PIX Transmissions
Timken
Arntz Optibelt Group
Mitsuboshi Belting
ContiTech
Colmant Cuvelier RPS
Bando Chemical Industries
Ruiniu Stock Company Limited
MITSUBABELTS
Gates Corporation
Hutchinson
In Chapter 6 and Chapter 9, on the basis of types, the Agricultural Machinery Drive Belt market from 2018 to 2028 is primarily split into:
Banded V-Belt
Wrapped V-Belt
Variable Speed V-Belt
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Agricultural Machinery Drive Belt market from 2018 to 2028 covers:
Combine Harvester
Thresher
Tractor
Lawn Mower
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Agricultural Machinery Drive Belt market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Agricultural Machinery Drive Belt industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Agricultural Machinery Drive Belt market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Agricultural Machinery Drive Belt industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Agricultural Machinery Drive Belt market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Agricultural Machinery Drive Belt market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Agricultural Machinery Drive Belt market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
