PUBLISHER: Persistence Market Research | PRODUCT CODE: 1558989
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1558989
Industrial Yarn Products for V-Belts and Industrial Hoses Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031
The global Industrial Yarn Products for V-Belts & Industrial Hoses market is witnessing significant growth due to their wide-ranging applications in industries such as automotive, manufacturing, and industrial equipment. These specialized yarns, used as reinforcements, provide essential strength, durability, and flexibility to products like v-belts, hoses, tires, and airbags. The market is projected to grow at a CAGR of 4.4%, reaching a value of US$ 4.8 Bn by the end of the forecast period.
Key Insights:
- Market Size (2024E): US$ 712.7 Mn
- Projected Market Value (2033F): US$ 4986.7 Mn
- Global Market Growth Rate (CAGR 2024 to 2033): 32.0%
Market Growth Drivers:
The Industrial Yarn Products for V-Belts & Industrial Hoses market is driven by several factors, including rapid industrialization in emerging economies, increased demand for durable automotive components, and the expansion of the global manufacturing sector. The growing adoption of these products in automotive and tire manufacturing is particularly significant, as industrial yarn reinforcements enhance the lifespan and efficiency of these components. Additionally, the demand for high-strength industrial hoses in sectors like oil and gas, chemicals, and construction is contributing to market growth.
Market Restraints:
While the market outlook remains positive, several challenges could impede growth. The fluctuating prices of raw materials, particularly those used in synthetic yarns, can affect production costs. Additionally, the labor-intensive manufacturing processes involved in producing high-quality industrial yarns create barriers to scalability. Lastly, competition from alternative reinforcement materials, including advanced composites and synthetic polymers, may pose a threat to the industrial yarn market.
Market Opportunities:
The growing demand for eco-friendly and sustainable products is creating opportunities for manufacturers of industrial yarns. Advances in bio-based yarns and the development of high-performance yarns with enhanced properties-such as higher tensile strength and improved resistance to environmental factors-are likely to unlock new growth avenues. Additionally, the increasing automation in manufacturing processes presents opportunities for cost-effective production and improved product quality.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the Industrial Yarn Products for V-Belts & Industrial Hoses market?
- Which applications are leading the demand for these products across different regions?
- How are technological advancements influencing the competitive landscape?
- Who are the key players, and what strategies are they employing to stay competitive?
- What are the emerging trends and future prospects in this market?
Competitive Landscape and Business Strategy:
Key players in the Industrial Yarn Products for V-Belts & Industrial Hoses market, such as Toray Group, SRF Limited, and Teijin Frontier Co., Ltd., are focusing on expanding their product offerings through innovations and collaborations. Strategic acquisitions and partnerships with tire and automotive manufacturers are also key strategies for these companies to strengthen their market position.
To ensure a stable supply of raw materials, companies are collaborating with suppliers and investing in sustainable manufacturing processes. Additionally, marketing campaigns highlighting the durability, strength, and eco-friendliness of industrial yarn products are expected to drive demand further.
Key Companies Profiled:
- Toray Group
- SRF Limited
- Teijin Frontier Co., Ltd.
- Cordenka GmbH & Co. KG
- Glanzstoff
- Kordsa Industries
- R.D. Abbott Company, Inc.
- Olbo & Mehler Inc.
- OC Oerlikon Management AG
Industrial Yarn Products for V-Belts & Industrial Hoses Market Segmentation
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 Asia & Pacific
- East Asia
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Market & Industry Overview
- 1.2. Market Analysis
- 1.3. PMR Analysis and Recommendations
- 1.4. Wheel of Fortune
2. Market Introduction
- 2.1. Market Taxonomy
- 2.2. Market Definition
3. Market Background
- 3.1. Porter's Analysis
- 3.2. Macro-Economic Factors
- 3.3. Global V-Belt Market Overview vs. Percentage Contribution Share of Industrial Yarn Products
- 3.4. Global Industrial Hoses Market Overview vs. Percentage Contribution Share of Industrial Yarn Products
- 3.5. Value Chain Analysis
- 3.5.1. Raw Material Supplier
- 3.5.2. V-Belt Manufacturers
- 3.5.3. Industrial Hoses Manufacturers
- 3.6. Market Dynamics
- 3.6.1. Drivers
- 3.6.2. Restraints
- 3.6.3. Opportunity Analysis
- 3.6.4. Trends
- 3.7. Forecast Factors: Relevance and Impact
4. Market Forecast
- 4.1. Market Volume Projections
- 4.2. Pricing Analysis
- 4.3. Market Size Projections
- 4.3.1. Y-o-Y Projections
- 4.3.2. Absolute $ Opportunity Analysis
5. Global Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031, By Product Type
- 5.1. Introduction
- 5.1.1. Market Value Share Analysis By Product Type
- 5.1.2. Y-o-Y Growth Analysis By Product Type
- 5.2. Market Size by Value (US$ Mn) and Volume (Tons) Analysis By Product Type, for Historical Period 2019-2023
- 5.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2024-2031
- 5.3.1. Braiding Yarns
- 5.3.2. Dipped Single End Cords
- 5.4. Market Attractiveness Analysis By Product Type
6. Global Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031, By Application
- 6.1. Introduction
- 6.1.1. Market Value Share Analysis By Application
- 6.1.2. Y-o-Y Growth Analysis By Application
- 6.2. Market Size by Value (US$ Mn) and Volume (Tons) Analysis By Application, for Historical Period 2019-2023
- 6.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2031
- 6.3.1. Power Transmission Belt (V-Belt)
- 6.3.2. Industrial Rubber Hoses
- 6.3.3. Tires
- 6.3.4. Others (Airsprings, Slings, Airbags, Etc)
- 6.4. Market Attractiveness Analysis By Application
7. Global Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031, By Region
- 7.1. Introduction
- 7.1.1. Market Value Share Analysis By Region
- 7.1.2. Y-o-Y Growth Analysis By Region
- 7.2. Market Size by Value (US$ Mn) and Volume (Tons) Analysis By Region, for Historical Period 2019-2023
- 7.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2031
- 7.3.1. North America
- 7.3.2. Latin America
- 7.3.3. Europe
- 7.3.4. South East Asia & Pacific (SAEP)
- 7.3.5. Middle East and Africa (MEA)
- 7.3.6. China
- 7.3.7. Japan
- 7.4. Market Attractiveness Analysis By Region
8. North America Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031
- 8.1. Introduction
- 8.2. Market Size by Value (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, for Historical Period 2019-2023
- 8.3. Market Size by Value (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2031
- 8.3.1. By Country
- 8.3.1.1. U.S.
- 8.3.1.2. Canada
- 8.3.2. By Product Type
- 8.3.3. By Application
- 8.3.1. By Country
- 8.4. Market Attractiveness Analysis
- 8.4.1. By Country
- 8.4.2. By Product Type
- 8.4.3. By Application
9. Latin America Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031
- 9.1. Introduction
- 9.2. Market Size by Value (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, for Historical Period 2019-2023
- 9.3. Market Size by Value (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2031
- 9.3.1. By Country
- 9.3.1.1. Brazil
- 9.3.1.2. Mexico
- 9.3.1.3. Rest of Latin America
- 9.3.2. By Product Type
- 9.3.3. By Application
- 9.3.1. By Country
- 9.4. Market Attractiveness Analysis
- 9.4.1. By Country
- 9.4.2. By Product Type
- 9.4.3. By Application
10. Europe Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031
- 10.1. Introduction
- 10.2. Market Size by Value (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, for Historical Period 2019-2023
- 10.3. Market Size by Value (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2031
- 10.3.1. By Country
- 10.3.1.1. Germany
- 10.3.1.2. Italy
- 10.3.1.3. France
- 10.3.1.4. U.K.
- 10.3.1.5. Spain
- 10.3.1.6. Russia
- 10.3.1.7. Rest of Europe
- 10.3.2. By Product Type
- 10.3.3. By Application
- 10.3.1. By Country
- 10.4. Market Attractiveness Analysis
- 10.4.1. By Country
- 10.4.2. By Product Type
- 10.4.3. By Application
11. South East Asia and Pacific Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031
- 11.1. Introduction
- 11.2. Market Size by Value (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, for Historical Period 2019-2023
- 11.3. Market Size by Value (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2031
- 11.3.1. By Country
- 11.3.1.1. India
- 11.3.1.2. ASEAN
- 11.3.1.3. Oceania
- 11.3.1.4. Rest of SEA&P
- 11.3.2. By Product Type
- 11.3.3. By Application
- 11.3.1. By Country
- 11.4. Market Attractiveness Analysis
- 11.4.1. By Country
- 11.4.2. By Product Type
- 11.4.3. By Application
12. Middle East & Africa Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031
- 12.1. Introduction
- 12.2. Market Size by Value (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, for Historical Period 2019-2023
- 12.3. Market Size by Value (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2031
- 12.3.1. By Country
- 12.3.1.1. GCC Countries
- 12.3.1.2. South Africa
- 12.3.1.3. Northern Africa
- 12.3.1.4. Rest of MEA
- 12.3.2. By Product Type
- 12.3.3. By Application
- 12.3.1. By Country
- 12.4. Market Attractiveness Analysis
- 12.4.1. By Country
- 12.4.2. By Product Type
- 12.4.3. By Application
13. China Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031
- 13.1. Introduction
- 13.2. Market Size by Value (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, for Historical Period 2019-2023
- 13.3. Market Size by Value (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2031
- 13.3.1. By Product Type
- 13.3.2. By Application
- 13.4. Market Attractiveness Analysis
- 13.4.1. By Product Type
- 13.4.2. By Application
14. Japan Industrial Yarn Products for V-Belts & Industrial Hoses Market Analysis 2019-2023 and Forecast 2024-2031
- 14.1. Introduction
- 14.2. Market Size by Value (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, for Historical Period 2019-2023
- 14.3. Market Size by Value (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2031
- 14.3.1. By Product Type
- 14.3.2. By Application
- 14.4. Market Attractiveness Analysis
- 14.4.1. By Product Type
- 14.4.2. By Application
15. Market Industry Structure
- 15.1. Global Industrial Yarn Products for V-Belts & Industrial Hoses Market Presence of Top 10 Players
- 15.2. Global Industrial Yarn Products for V-Belts & Industrial Hoses Market: Strategy Benchmarking
- 15.3. Global Industrial Yarn Products for V-Belts & Industrial Hoses Market Structure
- 15.4. Global Industrial Yarn Products for V-Belts & Industrial Hoses Market Competition Dashboard
16. Competition Landscape
- 16.1. Company Profiles
- 16.1.1. TORAY GROUP
- 16.1.2. W. Barnet GmbH & Co. KG
- 16.1.3. TP Industrial Yarns BV
- 16.1.4. SRF Limited
- 16.1.5. TEIJIN FRONTIER CO., LTD
- 16.1.6. Atlantex Manufacturing Corporation
- 16.1.7. Beaver Manufacturing Company, Inc.
- 16.1.8. CORDENKA GmbH & Co. KG
- 16.1.9. AB Svensk Konstsilke
- 16.1.10. Glanzstoff
- 16.1.11. HANGZHOU BOLIGE FIBER CO., LTD.
- 16.1.12. Jiangxi Longtai New Material Co., Ltd.
- 16.1.13. Kordsa Industries
- 16.1.14. R.D. Abbott Company, Inc.
- 16.1.15. Olbo & Mehler Inc.
- 16.1.16. OC Oerlikon Management AG
17. Assumptions and Acronyms Used
18. Research Methodology
