Global Commercial Vehicle Poly-V Belt Industry

Global Commercial Vehicle Poly-V Belt Industry

  • April 2021 •
  • 184 pages •
  • Report ID: 5956407 •
  • Format: PDF
Abstract:
- Global Commercial Vehicle Poly-V Belt Market to Reach $19.9 Million by 2027
- Amid the COVID-19 crisis, the global market for Commercial Vehicle Poly-V Belt estimated at US$14.2 Million in the year 2020, is projected to reach a revised size of US$19.9 Million by 2027, growing at aCAGR of 4.9% over the period 2020-2027. Light Commercial Vehicles (LCV), one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$11.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium & Heavy Commercial Vehicles (M&HCV) segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $3.9 Million, While China is Forecast to Grow at 7.6% CAGR
- The Commercial Vehicle Poly-V Belt market in the U.S. is estimated at US$3.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.1 Million by the year 2027 trailing a CAGR of 7.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

- Select Competitors (Total 46 Featured) -
  • Ban.Do Designs, LLC
  • Colmant Cuvelier RPS
  • Continental AG
  • Federal-Mogul Corporation
  • Sumitomo Corporation