MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
V-Belts and Wedge Belts
Overview
Market size
$5.5B
global, USD
CAGR
4.3%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
6
tracked players
Signals
12
2 high severity
Market outlook
2031$6.8B
What changed
Demand by region
Asia-Pacific demand40%
North America demand25%
Europe demand20%
Rest of world demand15%
share of global demandtotal 100%
Cost drivers
Raw Materials (Synthetic Rubber & Cord)45%
Manufacturing & Energy25%
Labor15%
Logistics & Distribution15%
share of delivered cost (analyst estimate)