Industrial Yarn Products for V-Belts and Industrial Hoses Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

Global market for industrial yarn products, specifically utilized in the production of V-belts and industrial hoses, is on a trajectory to achieve a valuation of US$ 6.2 billion by the conclusion of the forecast period. This projection comes with an anticipated Compound Annual Growth Rate (CAGR) of 5.2%. The driving force behind this substantial growth is the escalating demand for these crucial components across a broad spectrum of end-use industries, including but not limited to the automotive, construction, and manufacturing sectors.

The Role of Industrial Yarns in V-Belts and Hoses

Industrial yarns embedded within V-belts and hoses are far from ordinary; they are the unsung heroes that provide these components with enhanced strength, stability, and durability. V-belts and hoses serve indispensable roles in the transmission of power and fluids across a wide range of machinery and equipment. The integration of industrial yarns into their structure is a critical factor that ensures these components can endure demanding operational conditions. This reinforcement not only contributes to the machinery's efficiency but also significantly extends its lifespan. Given the extensive applications of V-belts and hoses, the market for the industrial yarns that fortify them is set for notable expansion in the forthcoming years.

Dominant Product Types: The Preeminence of Dipped Single End Cords

In terms of product categorization within this market, dipped single end cords are projected to lead in both value and volume during the forecast period. Their dominance is largely attributed to their versatility and adaptability to a wide range of applications for V-belts and hoses. Meanwhile, braiding yarns are also expected to witness a robust value CAGR of 5.0%. These are typically utilized in specialized applications where intricate braiding techniques are crucial for achieving specific performance attributes. The significant growth in the automotive and tire industries, which rely heavily on dipped single end cords, serves as a major driving force for this segment.

End-Use Applications: The Tire Segment Leads Demand

When examining the demand for industrial yarn products based on end-use applications, the tire segment emerges as the leader. There's a direct correlation between tire production volumes and the consumption of reinforcement materials. With the continuous rise in global demand for automobiles and other vehicles, tire production is anticipated to increase correspondingly. This upswing in tire production is expected to drive the growth of the industrial yarn products market for V-belts and hoses within this segment.

Regional Analysis: China's Ascendancy

Geographically, China is expected to maintain a dominant position in the global market for industrial yarn products for V-belts and hoses. The country's booming automotive and construction industries are key contributors to this dominance. Ongoing infrastructure projects and a vibrant manufacturing sector are generating significant demand for V-belts and hoses, and consequently, for the industrial yarns that reinforce them. Additionally, regions like India and the Middle East & Africa are predicted to showcase substantial growth due to rapid industrialization and infrastructure development, leading to an amplified demand for industrial yarns.

Growth Drivers: A Multifaceted Perspective

The expansion of the industrial yarn products market for V-belts and hoses is orchestrated by a symphony of factors. Rapid industrialization in developing economies such as China and India is a primary catalyst. This growth is further propelled by factors including increasing populations, rising disposable incomes, and accelerating urbanization. Moreover, the proliferating use of industrial yarns in V-belts and hoses across diverse end-use industries, along with the overall expansion of the manufacturing sector, are poised to be significant contributors to the market's growth.

Market Landscape:

The global market for industrial yarn products for V-belts and hoses is characterized by a high degree of fragmentation. Numerous domestic and international players compete for market share, creating a dynamic and competitive environment for manufacturers. Tier-I players hold an estimated market share of 25-35%, while the remaining market share is divided amongst a larger pool of regional and niche players. Innovation and product development are crucial for manufacturers to differentiate themselves in this competitive landscape. Some of the leading global players in this market include:

TORAY GROUP
W. Barnet GmbH & Co. KG
TP Industrial Yarns BV
SRF Limited
TEIJIN FRONTIER CO., LTD
Atlantex Manufacturing Corporation
Beaver Manufacturing Company, Inc.
CORDENKA GmbH & Co. KG
AB Svensk Konstsilke
Glanzstoff
HANGZHOU BOLIGE FIBER CO., LTD.
Jiangxi Longtai New Material Co., Ltd.
Kordsa Industries
R.D. Abbott Company, Inc.
Olbo & Mehler Inc.
OC Oerlikon Management AG
Others.

Global Industrial Yarn Products for V-Belts and Industrial Hoses Market is Segmented as Below:

By Product Type

Braiding Yarns
Dipped Single End Cords

By Application

Power Transmission Belt
Industrial Rubber Hoses
Tires
Others (Airsprings, Slings, Airbags, etc)

By Region

North America
Latin America
Europe
South East Asia Pacific
Middle East & Africa
China
Japan

1. Executive Summary

1.1. Global Industrial Yarn Products for V-Belts and Industrial Hoses Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, 2018 - 2031

3.1. Global Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Braiding Yarns
  - 3.1.1.2. Dipped Single End Cords
3.2. Global Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Power Transmission Belt
  - 3.2.1.2. Industrial Rubber Hoses
  - 3.2.1.3. Tires
  - 3.2.1.4. Others (Airsprings, Slings, Airbags, etc)
3.3. Global Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, 2018 - 2031

4.1. North America Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Braiding Yarns
  - 4.1.1.2. Dipped Single End Cords
4.2. North America Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Power Transmission Belt
  - 4.2.1.2. Industrial Rubber Hoses
  - 4.2.1.3. Tires
  - 4.2.1.4. Others (Airsprings, Slings, Airbags, etc)
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.3.1.2. U.S. Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.3.1.3. Canada Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.3.1.4. Canada Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, 2018 - 2031

5.1. Europe Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Braiding Yarns
  - 5.1.1.2. Dipped Single End Cords
5.2. Europe Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Power Transmission Belt
  - 5.2.1.2. Industrial Rubber Hoses
  - 5.2.1.3. Tires
  - 5.2.1.4. Others (Airsprings, Slings, Airbags, etc)
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.2. Germany Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.3. U.K. Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.4. U.K. Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.5. France Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.6. France Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.7. Italy Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.8. Italy Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.9. Turkey Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.10. Turkey Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.11. Russia Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.12. Russia Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.13. Rest of Europe Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.14. Rest of Europe Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, 2018 - 2031

6.1. Asia Pacific Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Braiding Yarns
  - 6.1.1.2. Dipped Single End Cords
6.2. Asia Pacific Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Power Transmission Belt
  - 6.2.1.2. Industrial Rubber Hoses
  - 6.2.1.3. Tires
  - 6.2.1.4. Others (Airsprings, Slings, Airbags, etc)
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.2. China Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.3. Japan Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.4. Japan Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.5. South Korea Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.6. South Korea Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.7. India Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.8. India Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.9. Southeast Asia Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.10. Southeast Asia Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018

2031

6.3.1.12. Rest of Asia Pacific Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031

6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, 2018 - 2031

7.1. Latin America Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Braiding Yarns
  - 7.1.1.2. Dipped Single End Cords
7.2. Latin America Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Industrial Yarn Products for V-Belts and Industrial Hoses Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.2. Brazil Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.3. Mexico Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.4. Mexico Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.5. Argentina Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.6. Argentina Industrial Yarn Products for V-Belts and Industrial Hoses Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Industrial Yarn Products for V-Belts and Industrial Hoses Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018