Industrial Power Transmission Belt Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The industrial power transmission belt market was estimated at USD 2.8 billion in 2021 and is likely to grow at a CAGR of 4.1% during 2022-2027 to reach USD 3.7 billion in 2027. Industrial power transmission belts are essential components in machinery, enabling efficient power transfer between rotating shafts. These belts are used in various industries, including manufacturing, automotive, and agriculture, to drive conveyors, pumps, and other mechanical systems.