Power Transmission Belting Market Size, Share, and Trends 2024 to 2034

The global power transmission belting market size is calculated at USD 12.69 billion in 2025 and is forecasted to reach around USD 24.02 billion by 2034, accelerating at a CAGR of 7.35% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : March 2025
  • Report Code : 5644
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Power Transmission Belting Market 

5.1. COVID-19 Landscape: Power Transmission Belting Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Power Transmission Belting Market, By Belt Type

8.1. Power Transmission Belting Market Revenue and Volume, by Belt Type

8.1.1 V-Belts

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Flat Belts

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Synchronous Belts

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Round Belts

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast

Chapter 9. Global Power Transmission Belting Market, By Material Type

9.1. Power Transmission Belting Market Revenue and Volume, by Material Type

9.1.1. Rubber

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Polyurethane

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Neoprene

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Leather

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Fabric

9.1.5.1. Market Revenue and Volume Forecast

9.1.6. Composite

9.1.6.1. Market Revenue and Volume Forecast

9.1.7. Others

9.1.7.1. Market Revenue and Volume Forecast

Chapter 10. Global Power Transmission Belting Market, By Application

10.1. Power Transmission Belting Market Revenue and Volume, by Application

10.1.1. Packaging

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Food & Beverages

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Elevators

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Materials handling & Logistics

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Textile

10.1.5.1. Market Revenue and Volume Forecast

10.1.6. Corrugated & Cardboard

10.1.6.1. Market Revenue and Volume Forecast

10.1.7. Machine Tools

10.1.7.1. Market Revenue and Volume Forecast

10.1.8. Fitness

10.1.8.1. Market Revenue and Volume Forecast

10.1.9. Hygiene

10.1.9.1. Market Revenue and Volume Forecast

10.1.10. Ceramics & Marble

10.1.10.1. Market Revenue and Volume Forecast

10.1.11. Others

10.1.11.1. Market Revenue and Volume Forecast

Chapter 11. Global Power Transmission Belting Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Belt Type

11.1.2. Market Revenue and Volume Forecast, by Material Type

11.1.3. Market Revenue and Volume Forecast, by Application

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Belt Type

11.1.4.2. Market Revenue and Volume Forecast, by Material Type

11.1.4.3. Market Revenue and Volume Forecast, by Application

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Belt Type

11.1.5.2. Market Revenue and Volume Forecast, by Material Type

11.1.5.3. Market Revenue and Volume Forecast, by Application

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Belt Type

11.2.2. Market Revenue and Volume Forecast, by Material Type

11.2.3. Market Revenue and Volume Forecast, by Application

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Belt Type

11.2.4.2. Market Revenue and Volume Forecast, by Material Type

11.2.4.3. Market Revenue and Volume Forecast, by Application

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Belt Type

11.2.5.2. Market Revenue and Volume Forecast, by Material Type

11.2.5.3. Market Revenue and Volume Forecast, by Application

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Belt Type

11.2.6.2. Market Revenue and Volume Forecast, by Material Type

11.2.6.3. Market Revenue and Volume Forecast, by Application

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Belt Type

11.2.7.2. Market Revenue and Volume Forecast, by Material Type

11.2.7.3. Market Revenue and Volume Forecast, by Application

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Belt Type

11.3.2. Market Revenue and Volume Forecast, by Material Type

11.3.3. Market Revenue and Volume Forecast, by Application

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Belt Type

11.3.4.2. Market Revenue and Volume Forecast, by Material Type

11.3.4.3. Market Revenue and Volume Forecast, by Application

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Belt Type

11.3.5.2. Market Revenue and Volume Forecast, by Material Type

11.3.5.3. Market Revenue and Volume Forecast, by Application

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Belt Type

11.3.6.2. Market Revenue and Volume Forecast, by Material Type

11.3.6.3. Market Revenue and Volume Forecast, by Application

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Belt Type

11.3.7.2. Market Revenue and Volume Forecast, by Material Type

11.3.7.3. Market Revenue and Volume Forecast, by Application

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Belt Type

11.4.2. Market Revenue and Volume Forecast, by Material Type

11.4.3. Market Revenue and Volume Forecast, by Application

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Belt Type

11.4.4.2. Market Revenue and Volume Forecast, by Material Type

11.4.4.3. Market Revenue and Volume Forecast, by Application

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Belt Type

11.4.5.2. Market Revenue and Volume Forecast, by Material Type

11.4.5.3. Market Revenue and Volume Forecast, by Application

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Belt Type

11.4.6.2. Market Revenue and Volume Forecast, by Material Type

11.4.6.3. Market Revenue and Volume Forecast, by Application

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Belt Type

11.4.7.2. Market Revenue and Volume Forecast, by Material Type

11.4.7.3. Market Revenue and Volume Forecast, by Application

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Belt Type

11.5.2. Market Revenue and Volume Forecast, by Material Type

11.5.3. Market Revenue and Volume Forecast, by Application

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Belt Type

11.5.4.2. Market Revenue and Volume Forecast, by Material Type

11.5.4.3. Market Revenue and Volume Forecast, by Application

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Belt Type

11.5.5.2. Market Revenue and Volume Forecast, by Material Type

11.5.5.3. Market Revenue and Volume Forecast, by Application

Chapter 12. Company Profiles

12.1. Megadyne

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Gates Corporation

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Mitsuboshi Belting Ltd.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Sanlux Co., Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Optibelt

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. ContiTech

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Habasit

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. SIT Group

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Yongli Belting Group

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Fulong Metal Industrial Co., Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global power transmission belting market size is expected to grow from USD 11.82 billion in 2024 to USD 24.02 billion by 2034.

The power transmission belting market is anticipated to grow at a CAGR of 7.35% between 2025 and 2034.

The major players operating in the power transmission belting market are Megadyne, Gates Corporation, Mitsuboshi Belting Ltd., Sanlux Co., Ltd., Optibelt, ContiTech, Habasit, SIT Group, Yongli Belting Group, Fulong Metal Industrial Co., Ltd., Ningbo Jiebao Group Co., Ltd., Zhejiang Fengmao Technology Co., Ltd., Onlive Transmission Technology Co., Ltd., Ningbo Beidi Synchronous Belt Co., Ltd., Foshan Pengwang Industrial Belt Co., Ltd. and Others.

The driving factors of the power transmission belting market are the rapid urbanization and industrialization in emerging countries and the expansion of the manufacturing sector are contributing to the growth of this market.

North America region will lead the global power transmission belting market during the forecast period 2025 to 2034.

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