The Global Industrial Belt Drives Market is expected to grow by $ 1.31 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period - GlobeNewswire

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New York, July 08, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Industrial Belt Drives Market 2020-2024" - https://www.reportlinker.com/p04458267/?utm_source=GNW
Our reports on industrial belt drives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growth of industrial machinery in developing countries and the demand for automated material handling equipment. In addition, an increase in replacement activities is anticipated to boost the growth of the market as well.
The industrial belt drives market analysis includes product segment and geographic landscape.

The industrial belt drives market is segmented as below:
By Product
• Industrial V-belt drives
• Industrial synchronous belt drives
• Industrial pulleys

By Geographic Landscapes
• APAC
• North America
• Europe
• South America
• MEA

This study identifies the mechanization of agriculture and farm operations in developing economies as one of the prime reasons driving the industrial belt drives the market growth during the next few years. Also, improvement in the performance of industrial belt drives and developments in design and analysis technologies will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our industrial belt drives market covers the following areas:
• Industrial belt drives market sizing
• Industrial belt drives market forecast
• Industrial belt drives market industry analysis

Read the full report: https://www.reportlinker.com/p04458267/?utm_source=GNW

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The Global Industrial Belt Drives Market is expected to grow by $ 1.31 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period - GlobeNewswire
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