Global Industrial Sheaves and Pulleys Market to Reach $1.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial Sheaves and Pulleys estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027.
Material Handling, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach US$660.6 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 Industrial Machinery segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U. S. Market is Estimated at $346.6 Million, While China is Forecast to Grow at 4.8% CAGR
The Industrial Sheaves and Pulleys market in the U. S. is estimated at US$346.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$305.7 Million by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Agricultural Equipment Segment to Record 2% CAGR
In the global Agricultural Equipment segment, USA, Canada, Japan, China and Europe will drive the 1.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$210.5 Million in the year 2020 will reach a projected size of US$235.4 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$209.6 Million by the year 2027, while Latin America will expand at a 2.7% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Fenner Drives Inc.
Regal Beloit Corporation
SKF Group
The Timken Company
Tsubakimoto Chain Co. (Tsubaki Group)
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Industrial Sheaves and Pulleys Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Industrial Sheaves and Pulleys Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
Industrial Sheaves and Pulleys Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
Industrial Sheaves and Pulleys Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
Material Handling (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
Material Handling (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
Material Handling (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
Industrial Machinery (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
Industrial Machinery (End-Use) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019
Industrial Machinery (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
Agricultural Equipment (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
Agricultural Equipment (End-Use) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
Agricultural Equipment (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
Industrial Sheaves and Pulleys Market Share (in %) by Company: 2019 & 2025
Market Analytics
Industrial Sheaves and Pulleys Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
Industrial Sheaves and Pulleys Historic Demand Patterns by End-Use in US$ Thousand for 2012-2019
Industrial Sheaves and Pulleys Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
Voxtur Analytics Corp. , a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market...
On April 19, 2024, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.50 per share, representing an increase of 5.3%, or $0.10 per share, on an annualized basis.
The company's dividend is...
Adyton Resources Corporation ("Adyton" or the "Company") announces it has closed its previously announced non-brokered private placement offering, pursuant to which it has issued 50,000,000 common shares of the Company ("Shares") at a price of...
Building on a successful phase one in which STChealth proved that the Universal Patient Identifier (UPI)?powered by Experian Health's Universal Identity Manager (UIM) and NCPDP Standardstm?can accurately identify patients across multiple datasets in...
Lion Group Holding Ltd. ("Lion" or "the Company") , the operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced that on April 18, 2024, it received a delinquency notification letter from the...
Cosmos Health Inc. ("Cosmos Health" or the "Company'') , a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor...