LONDON--(BUSINESS WIRE)--Sep 6, 2018--According to the latest market research report released by Technavio, the global industrial belt tensioners market is expected to accelerate at a CAGR of over 3% during the forecast period. The increasing investments in industrial assets is one of the key factors triggering the growth of the market.

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According to the latest market research report released by Technavio, the global industrial belt tensioners market is expected to accelerate at a CAGR of over 3% through 2021. (Graphic: Business Wire)

This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global industrial belt tensioners market into the following end-users:

Material handling industry Industrial machinery industry Agricultural industry Mining and minerals industry

In 2016, the material handling industry segment accounted for 30.02% of the global market and is projected to reach 30.30% by 2021, exhibiting almost a 0.28% increase in market share.

Global industrial belt tensioners market: Top emerging trend

Development of customized belt tensioners is an emerging trend in the market. There has been a rise in the development of customized belt tensioners based on modifications that are needed by the end-users. Industrial belt tensioners are important for belt drives in capital-intensive and critical process industries. The end-users are keen on transforming old belt drive systems into innovative automated belt drive systems. This will assist the industries employing advanced belt drives in increasing the efficiency of machinery to acclimatize to the modern requirements of end-users.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Industrial Belt Tensioners Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by type (automatic belt tensioners and non-automatic belt tensioners) Market segmentation by end-user (material handling industry, industrial machinery industry, agricultural industry, and mining and minerals industry)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (ContiTech, Dayco, Gates, Hutchinson, and SKF)

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SOURCE: Technavio Research

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PUB: 09/06/2018 09:57 AM/DISC: 09/06/2018 09:57 AM