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Global Multiple V Belts Market Research Report 2025
Synopsis
Multiple V belts, also known as multi-ribbed belts or serpentine belts, are power transmission belts with multiple V-shaped grooves on the inner side. These belts are designed to transmit power efficiently between multiple pulleys or sheaves. The incorporation of multiple grooves increases the contact area, allowing for higher power transmission capabilities compared to single V belts. Multiple V belts are commonly used in various industries, including automotive, industrial machinery, HVAC systems, and agricultural equipment, where they provide reliable and efficient power transfer in applications such as engine accessories, pumps, and compressors.
The global Multiple V Belts market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The industry trend for multiple V belts is driven by the increasing demand for energy efficiency and compact designs. With the emphasis on reducing energy consumption and improving overall system performance, there is a growing need for power transmission solutions that offer higher efficiency and lower losses. Multiple V belts fulfill these requirements by providing better contact and grip with the pulleys, resulting in improved power transfer efficiency and reduced slipping. Additionally, the trend towards compact designs in various industries necessitates compact and lightweight power transmission components, making multiple V belts a preferred choice. Manufacturers are continually focusing on developing advanced materials and designs to enhance the performance and longevity of these belts, further fueling their industry trend.
This report aims to provide a comprehensive presentation of the global market for Multiple V Belts, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Multiple V Belts.
Report Scope
The Multiple V Belts market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Multiple V Belts market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Multiple V Belts manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
OMFA Rubbers
Dharamshila Belting
NK Enterprises
Gates
Mitsuboshi
Optibelt
BEHA
Fenner Drives
Flexer Rubbers
Vinko Auto Industries (VAIL)
Segment by Type
Narrow V-belt
Wide V Belt
Segment by Application
Automotive
Industrial
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Multiple V Belts manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Multiple V Belts by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Multiple V Belts in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Multiple V belts, also known as multi-ribbed belts or serpentine belts, are power transmission belts with multiple V-shaped grooves on the inner side. These belts are designed to transmit power efficiently between multiple pulleys or sheaves. The incorporation of multiple grooves increases the contact area, allowing for higher power transmission capabilities compared to single V belts. Multiple V belts are commonly used in various industries, including automotive, industrial machinery, HVAC systems, and agricultural equipment, where they provide reliable and efficient power transfer in applications such as engine accessories, pumps, and compressors.
The global Multiple V Belts market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The industry trend for multiple V belts is driven by the increasing demand for energy efficiency and compact designs. With the emphasis on reducing energy consumption and improving overall system performance, there is a growing need for power transmission solutions that offer higher efficiency and lower losses. Multiple V belts fulfill these requirements by providing better contact and grip with the pulleys, resulting in improved power transfer efficiency and reduced slipping. Additionally, the trend towards compact designs in various industries necessitates compact and lightweight power transmission components, making multiple V belts a preferred choice. Manufacturers are continually focusing on developing advanced materials and designs to enhance the performance and longevity of these belts, further fueling their industry trend.
This report aims to provide a comprehensive presentation of the global market for Multiple V Belts, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Multiple V Belts.
Report Scope
The Multiple V Belts market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Multiple V Belts market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Multiple V Belts manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
OMFA Rubbers
Dharamshila Belting
NK Enterprises
Gates
Mitsuboshi
Optibelt
BEHA
Fenner Drives
Flexer Rubbers
Vinko Auto Industries (VAIL)
Segment by Type
Narrow V-belt
Wide V Belt
Segment by Application
Automotive
Industrial
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Multiple V Belts manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Multiple V Belts by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Multiple V Belts in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Multiple V Belts Market Overview
1.1 Product Definition
1.2 Multiple V Belts Segment by Type
1.2.1 Global Multiple V Belts Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Narrow V-belt
1.2.3 Wide V Belt
1.3 Multiple V Belts Segment by Application
1.3.1 Global Multiple V Belts Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Automotive
1.3.3 Industrial
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Multiple V Belts Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Multiple V Belts Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Multiple V Belts Production Estimates and Forecasts (2019-2030)
1.4.4 Global Multiple V Belts Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Multiple V Belts Production Market Share by Manufacturers (2019-2024)
2.2 Global Multiple V Belts Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Multiple V Belts, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Multiple V Belts Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Multiple V Belts Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Multiple V Belts, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Multiple V Belts, Product Offered and Application
2.8 Global Key Manufacturers of Multiple V Belts, Date of Enter into This Industry
2.9 Multiple V Belts Market Competitive Situation and Trends
2.9.1 Multiple V Belts Market Concentration Rate
2.9.2 Global 5 and 10 Largest Multiple V Belts Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Multiple V Belts Production by Region
3.1 Global Multiple V Belts Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Multiple V Belts Production Value by Region (2019-2030)
3.2.1 Global Multiple V Belts Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Multiple V Belts by Region (2025-2030)
3.3 Global Multiple V Belts Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Multiple V Belts Production by Region (2019-2030)
3.4.1 Global Multiple V Belts Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Multiple V Belts by Region (2025-2030)
3.5 Global Multiple V Belts Market Price Analysis by Region (2019-2024)
3.6 Global Multiple V Belts Production and Value, Year-over-Year Growth
3.6.1 North America Multiple V Belts Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Multiple V Belts Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Multiple V Belts Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Multiple V Belts Production Value Estimates and Forecasts (2019-2030)
4 Multiple V Belts Consumption by Region
4.1 Global Multiple V Belts Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Multiple V Belts Consumption by Region (2019-2030)
4.2.1 Global Multiple V Belts Consumption by Region (2019-2024)
4.2.2 Global Multiple V Belts Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Multiple V Belts Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Multiple V Belts Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Multiple V Belts Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Multiple V Belts Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Multiple V Belts Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Multiple V Belts Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Multiple V Belts Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Multiple V Belts Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Multiple V Belts Production by Type (2019-2030)
5.1.1 Global Multiple V Belts Production by Type (2019-2024)
5.1.2 Global Multiple V Belts Production by Type (2025-2030)
5.1.3 Global Multiple V Belts Production Market Share by Type (2019-2030)
5.2 Global Multiple V Belts Production Value by Type (2019-2030)
5.2.1 Global Multiple V Belts Production Value by Type (2019-2024)
5.2.2 Global Multiple V Belts Production Value by Type (2025-2030)
5.2.3 Global Multiple V Belts Production Value Market Share by Type (2019-2030)
5.3 Global Multiple V Belts Price by Type (2019-2030)
6 Segment by Application
6.1 Global Multiple V Belts Production by Application (2019-2030)
6.1.1 Global Multiple V Belts Production by Application (2019-2024)
6.1.2 Global Multiple V Belts Production by Application (2025-2030)
6.1.3 Global Multiple V Belts Production Market Share by Application (2019-2030)
6.2 Global Multiple V Belts Production Value by Application (2019-2030)
6.2.1 Global Multiple V Belts Production Value by Application (2019-2024)
6.2.2 Global Multiple V Belts Production Value by Application (2025-2030)
6.2.3 Global Multiple V Belts Production Value Market Share by Application (2019-2030)
6.3 Global Multiple V Belts Price by Application (2019-2030)
7 Key Companies Profiled
7.1 OMFA Rubbers
7.1.1 OMFA Rubbers Multiple V Belts Corporation Information
7.1.2 OMFA Rubbers Multiple V Belts Product Portfolio
7.1.3 OMFA Rubbers Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.1.4 OMFA Rubbers Main Business and Markets Served
7.1.5 OMFA Rubbers Recent Developments/Updates
7.2 Dharamshila Belting
7.2.1 Dharamshila Belting Multiple V Belts Corporation Information
7.2.2 Dharamshila Belting Multiple V Belts Product Portfolio
7.2.3 Dharamshila Belting Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Dharamshila Belting Main Business and Markets Served
7.2.5 Dharamshila Belting Recent Developments/Updates
7.3 NK Enterprises
7.3.1 NK Enterprises Multiple V Belts Corporation Information
7.3.2 NK Enterprises Multiple V Belts Product Portfolio
7.3.3 NK Enterprises Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.3.4 NK Enterprises Main Business and Markets Served
7.3.5 NK Enterprises Recent Developments/Updates
7.4 Gates
7.4.1 Gates Multiple V Belts Corporation Information
7.4.2 Gates Multiple V Belts Product Portfolio
7.4.3 Gates Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Gates Main Business and Markets Served
7.4.5 Gates Recent Developments/Updates
7.5 Mitsuboshi
7.5.1 Mitsuboshi Multiple V Belts Corporation Information
7.5.2 Mitsuboshi Multiple V Belts Product Portfolio
7.5.3 Mitsuboshi Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Mitsuboshi Main Business and Markets Served
7.5.5 Mitsuboshi Recent Developments/Updates
7.6 Optibelt
7.6.1 Optibelt Multiple V Belts Corporation Information
7.6.2 Optibelt Multiple V Belts Product Portfolio
7.6.3 Optibelt Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Optibelt Main Business and Markets Served
7.6.5 Optibelt Recent Developments/Updates
7.7 BEHA
7.7.1 BEHA Multiple V Belts Corporation Information
7.7.2 BEHA Multiple V Belts Product Portfolio
7.7.3 BEHA Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.7.4 BEHA Main Business and Markets Served
7.7.5 BEHA Recent Developments/Updates
7.8 Fenner Drives
7.8.1 Fenner Drives Multiple V Belts Corporation Information
7.8.2 Fenner Drives Multiple V Belts Product Portfolio
7.8.3 Fenner Drives Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Fenner Drives Main Business and Markets Served
7.7.5 Fenner Drives Recent Developments/Updates
7.9 Flexer Rubbers
7.9.1 Flexer Rubbers Multiple V Belts Corporation Information
7.9.2 Flexer Rubbers Multiple V Belts Product Portfolio
7.9.3 Flexer Rubbers Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Flexer Rubbers Main Business and Markets Served
7.9.5 Flexer Rubbers Recent Developments/Updates
7.10 Vinko Auto Industries (VAIL)
7.10.1 Vinko Auto Industries (VAIL) Multiple V Belts Corporation Information
7.10.2 Vinko Auto Industries (VAIL) Multiple V Belts Product Portfolio
7.10.3 Vinko Auto Industries (VAIL) Multiple V Belts Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Vinko Auto Industries (VAIL) Main Business and Markets Served
7.10.5 Vinko Auto Industries (VAIL) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Multiple V Belts Industry Chain Analysis
8.2 Multiple V Belts Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Multiple V Belts Production Mode & Process
8.4 Multiple V Belts Sales and Marketing
8.4.1 Multiple V Belts Sales Channels
8.4.2 Multiple V Belts Distributors
8.5 Multiple V Belts Customers
9 Multiple V Belts Market Dynamics
9.1 Multiple V Belts Industry Trends
9.2 Multiple V Belts Market Drivers
9.3 Multiple V Belts Market Challenges
9.4 Multiple V Belts Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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