Press release content from BusinessWire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from BusinessWire
Press release content from BusinessWire. The AP news staff was not involved in its creation.

Industrial Sheaves and Pulleys Market - Emergence of Smart Idlers to Drive Growth| Technavio

May 15, 2018
Technavio has published a new market research report on the global industrial sheaves and pulleys market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 15, 2018--In their latest market research report, analysts forecast the to grow at a CAGR of almost 4% during the period 2018-2022.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180515006600/en/

Technavio has published a new market research report on the global industrial sheaves and pulleys market from 2018-2022. (Graphic: Business Wire)

The emergence of smart idlers is one of the major trends being witnessed in the market. An idler is a type of pulley, which finds applications in material handling, power transmission, packaging, and construction equipment. In material handling equipment, idlers are used in conveyor systems to support conveyor belts and the load carried on the belts. A substantial number of idlers are incorporated into a conveyor belt to certify smooth operations of conveyors. Idlers provide low friction surfaces on which the conveyor belts are rolled by the drive pulleys. Many disruptions take place in conveyor operations. The breakdown of conveyors results in their downtime. Therefore, the downtime results in failed transportation of bulk materials. This adversely impacts subsequent productions, causing significant financial losses for the manufacturing companies.

This report is available at a USD 1,000 discount for a limited time only:

Save more with Technavio. Buy2 reports and get the third for FREE:

In this report, Technavio analysts have highlighted the need to increase productivity and reduce total cost of ownership as a key factor contributing to the growth of the global market:

Need to increase productivity and reduce total cost of ownership

The need to improve productivity and bring in energy efficiency are the major concerns in the industrial sector. Thus, manufacturing industries are taking measures to improve their overall productivity and energy efficiency and reduce the total cost of ownership. The application of industrial sheaves and pulleys aids industries in conforming to energy efficient norms that help in increasing their productivity. One such beneficial application of industrial sheaves and pulleys is in conveyor systems.

According to a senior analyst at Technavio for , “Conveyors are prone to damages from exposure to harsh and extreme weather conditions. The damages can increase stoppage time and downtime, thereby decreasing the plant productivity and increasing the overall operational costs. But, conveyors run smoothly with regular belt cleaning systems, belt guiding systems, and pulley lagging systems.”

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global industrial sheaves and pulleys market segmentation

This market research report segments the global market into the following applications (material handling, industrial machinery, and agricultural equipment) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Regionally, the global industrial sheaves and pulleys market was led by EMEA. It accounted for the highest market share of more than 38% in 2017. In 2016, consumer online shopping was maximum in the UK followed by Denmark and Germany in Europe. The proliferation of e-commerce in Europe has promoted the growth of material handling equipment in Europe. This has resulted in an increase in demand for industrial sheaves and pulleys.

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180515006600/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 05/15/2018 03:34 PM/DISC: 05/15/2018 03:34 PM


All contents © copyright 2019 The Associated Press.All rights reserved.