Industrial Synchronous Timing Belts Market Insights Video

According to Cognitive Market Research, the global Industrial Synchronous Timing Belts market size was USD 2811.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 1124.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 843.45 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 646.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 140.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 56.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
• The Automation end-user category is the fastest growing segment of the Industrial Synchronous Timing Belts industry