- Industrial sheaves and pulleys are devices equipped with belts which create a mechanical linkage with cross-sections. The belts are made according to the types of pulleys.
- The belts are used to transfer power between axles in industrial machinery. Industrial sheaves and pulleys together offer high-speed power transmission, and the belts through which the power is transmitted are resistant to slipping and misalignment.
Industrial Sheaves and Pulleys Market Dynamics
- The growing need to increase productivity and reduce the overall cost of ownership is expected to trigger the growth of the industrial sheaves and pulleys market in the next few years.
- In the industrial sector, manufacturing industries are facing challenges in the process of taking adequate steps to improve productivity and energy efficiency, and reduce the total cost of ownership.
- Exposure to harsh weather conditions causes damage to operational efficiency and productivity of conveyor systems. The damages can increase the downtime, thereby increasing the overall operational cost. Conveyor systems run smoothly with periodic belt cleaning systems, pulley lagging systems, and belt guiding systems.
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Emergence of smart idlers is another key trend promoting the growth of the industrial sheaves and pulleys market. Smart idler is a type of industrial pulley that is extensively used for power transmission, equipment construction and packaging, and material handling.
- In the industrial sector, users are adopting significant number of idlers that are integrated into conveyor belts to ensure smooth operation of the conveyor belts.
- Idlers are integrated into conveyor systems to support the conveyor belts as well as load carried on the belts.
- However, slow growth in the manufacturing sector across the global economy is expected to hinder the adoption rate of industrial sheaves and pulleys.
Industrial Sheaves and Pulleys Market: Segmentation Analysis
- Based on type, the industrial sheaves and pulleys market can be segmented into industrial sheaves and industrial pulleys.
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- Based on application, the industrial sheaves and pulleys market can be categorized into material handling, industrial machinery, and agricultural equipment.
- Material handling application segment is a prominent user area of industrial sheaves and pulleys. This application segment accounted for major share of the industrial sheaves and pulleys market in 2018 and is expected to retain its leading position in the market over the forecast period.
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