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Analysis on Impact of COVID19 – Industrial Belt Drives Market 2020-2024 | Demand for Automated Material Handling Equipment to Boost Growth | Technavio

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Technavio has been monitoring the industrial belt drives market and it is poised to grow by USD 1.31 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, Arntz Optibelt Group, Continental AG, Dayco IP Holdings LLC, Fenner Drives Inc., Gates Industrial Corp. Plc, Goodyear Rubber Products Inc., Hutchinson SA, Megadyne Group, and The Timken Co. are some of the major market participants. The demand for automated material handling equipment will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Demand for automated material handling equipment has been instrumental in driving the growth of the market.

Industrial Belt Drives Market 2020-2024: Segmentation

Industrial Belt Drives Market is segmented as below:

  • Product
    • Industrial V-belt Drives
    • Industrial Synchronous Belt Drives
    • Industrial Pulleys
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43552

Industrial Belt Drives Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial belt drives market report covers the following areas:

  • Industrial Belt Drives Market Size
  • Industrial Belt Drives Market Trends
  • Industrial Belt Drives Market Industry Analysis

This study identifies focus on speeding up the cash cycle while emphasizing on post-manufacturing operations as one of the prime reasons driving the industrial belt drives market growth during the next few years.

Industrial Belt Drives Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the industrial belt drives market, including some of the vendors such as AB SKF, Arntz Optibelt Group, Continental AG, Dayco IP Holdings LLC, Fenner Drives Inc., Gates Industrial Corp. Plc, Goodyear Rubber Products Inc., Hutchinson SA, Megadyne Group, and The Timken Co. Backed with competitive intelligence and benchmarking, our research reports on the industrial belt drives market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Industrial Belt Drives Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist industrial belt drives market growth during the next five years
  • Estimation of the industrial belt drives market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial belt drives market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial belt drives market vendors

Table Of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Industrial V-belt drives – Market size and forecast 2019-2024
  • Industrial synchronous belt drives – Market size and forecast 2019-2024
  • Industrial pulleys – Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End user
  • Material handling industry – Market size and forecast 2019-2024
  • Industrial machinery sector – Market size and forecast 2019-2024
  • Agriculture industry – Market size and forecast 2019-2024
  • Mining and mineral industry – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB SKF
  • Arntz Optibelt Group
  • Continental AG
  • Dayco IP Holdings LLC
  • Fenner Drives Inc.
  • Gates Industrial Corp. Plc
  • Goodyear Rubber Products Inc.
  • Hutchinson SA
  • Megadyne Group
  • The Timken Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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, Technavios report library consists of more than 17,000 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 Technavios 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.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

News

Lead8 Design for Newly Unveiled ‘11 SKIES’ in Hong Kong

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Hong Kong’s $20 Billion Mixed-use Destination at SKYCITY

 

HONG KONG SAR – Media OutReach – 25 November 2020 – Lead8, the international award-winning design firm, is excited to announce the firm’s appointment as Lead Consultant on ’11 SKIES’ has been extended to include Interior Design alongside its Masterplanning and Architecture scope.

11 SKIES, the brand new HK$20 billion mixed-use destination at SKYCITY, will be Hong Kong’s largest hub for Retail, Dining and Entertainment (RDE), and the first such development to combine wealth management and wellness services. The latest designs and name were unveiled this week by New World Development.

[View Image]

“Lead8’s multi-disciplinary undertaking as Masterplanners, Architects and Interior Designers on 11 SKIES has been an incredible achievement. This is a ground-breaking development which continues to attract international interest. It is a testament to the commitment, creativity and expertise of our team that we have been entrusted to design and deliver the city’s most comprehensive and enhanced RDE destination to date,” said Claude Touikan, Co Founder & Executive Director at Lead8.  

Operated by K11, 11 SKIES is a brand new landmark in Hong Kong for locals and tourists covering a gross floor area of 3.8 million sqft. The destination will feature 2.66 million sqft dedicated to dining and retail outlets and 570,000 sqft for experiential entertainment facilities. There will be over 800 shops including more than 120 dining concepts together with entertainment never seen before in the region, all under one roof.

Notably, the destination has attracted the first launch in Greater China for famous entertainment brand KidZania. Further unique and imaginative entertainment facilities will also be on offer including SkyTrack, the world’s largest indoor and outdoor karting track, a flying theatre, digital media performances and immersive educational experiences. Once complete, 11 SKIES will be the largest indoor entertainment centre in Hong Kong.

As part of the mixed-use development, 11 SKIES also integrates three grade A office towers covering 570,000 sqft which will be operated under K11 ATELIER. They will feature anchor tenancies from five large-scale international institutions in financial services, insurance and health management. As the first to combine wealth management and wellness services within an RDE destination, 11 SKIES aims to provide unique connectivity and redefine the traveller and consumer experience.

Strategically located next to the Hong Kong International Airport, the Hong Kong Zhuhai-Macao Bridge, and the future Tuen Mun-Chek Lap Kok Link, 11 SKIES will benefit from the high volume of passengers travelling through Hong Kong International Airport, and a further 72 million people residing in the GBA. The destination will become a centerpiece within the GBA’s ‘one-hour living circle’ and a gateway to the rest of the world.

Opening in phases from 2022 to 2025, 11 SKIES is set to deliver a first-of-its-kind ecosystem offering brand new experiences for retail, entertainment, dining, wellness and business in Hong Kong and the Greater Bay region. 


Project Details

  • Location: Hong Kong
  • Developer: New World Development Company Limited
  • Size: 3.8 million sqft
  • Masterplan: Lead8
  • Architecture: Lead8
  • Interior Design: Lead8


Image Gallery
All images ©Lead8 Hong Kong Limited

About Lead8

Lead8 is an international design studio with award-winning expertise in architecture, interior design, masterplanning, branding and graphic design. With a team of over 250, the firm works on projects in more than 40 cities around the world from studios in Hong Kong, Singapore, Kuala Lumpur and London. Since its inception, Lead8 has partnered with some of the world’s leading property developers, owners and operators with a portfolio which includes 11 SKIES at Hong Kong International Airport, MixC Shenzhen Bay, One Bangkok and the Shangri-La Mixed-use Development in Fuzhou. 

www.lead8.com

About 11 SKIES

11 SKIES will be Hong Kong’s largest hub for Retail, Dining and Entertainment (RDE), and the first to combine wealth management and wellness services in one complete ecosystem for people in Hong Kong, the Greater Bay Area and the rest of the world. The destination is owned and developed by New World Development Company Limited and operated by K11 Group.


www.11-skies.com

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News

Senoko Energy Rewards Customers With Delights To Illuminate Holiday Season

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Senoko Energy introduces thoughtfully curated offers & special giveaways to reward customers and brighten up the festive season

 

SINGAPORE  – Media OutReach – 25 November 2020 – Reimagine the holiday celebrations with Senoko Energy, as the authorised electricity retailer kicks off its year-end “Ho-Ho-Home with Senoko” campaign with a series of thoughtfully curated offers and festive giveaways, alongside a cheery Christmas video. While holiday celebrations will certainly look a little different this year with social distancing measures and travel restrictions in place, Senoko Energy seeks to share rewards that will help invigorate celebrations while sparking ways Singaporeans can relish the festivities even as they stay home this season.

 

[View Image]

 

Senoko Energy has released a 3-minute video starring home-grown vocal group MICappella, which seeks to put a spotlight on the many different ways to celebrate the season at home. With the use of imagination and selected rewards from Senoko Energy, the band spends Christmas at home in a uniquely local way with their families, creating endearing memories.

 

As part of the campaign, Senoko Energy is running a social media contest that encourages the public to submit tips on how they plan to reimagine their festive celebrations in the comfort of home. The contest will span over 2 weeks and the 10 most creative entries will stand to win a $50 GrabFood voucher.

 

Heather Ang, Head of Marketing at Senoko Energy said: “With travel restrictions still widely in place, we hope to help keep festivities merry with our rewards, even as our customers celebrate Christmas at home”.

 

“November 2020 also marks the second anniversary of our launch in Singapore’s Open Electricity Market, and we want to take this opportunity to thank our loyal customers for their support with compelling rewards and benefits.” She added.

 

Smart Rewards

To help bring the Christmas cheer to homes through its loyalty programme, Smart Rewards, Senoko Energy has partnered with home & lifestyle brands to offer three festive giveaways:

 

  • 1 lucky customer will stand to win a Thermomix® TM6 and a unique opportunity to enjoy a “Cook & Bond” private cooking session for the whole family (worth over $2,500).
  • 20 customers will also win a specially curated DIY winter-themed terrarium.
  • 800 customers will get to redeem a $10 GrabFood e-voucher

 

Existing customers can participate in these festive lucky draws by submitting their interest within their Senoko Energy online account or via the mobile app.

 

Other highlights within the Smart Rewards programme include discounts from merchant partners such as Fassler Gourmet, RedMart, Lazada, Sonos, BooksActually, etch&bolts, CatchPlay, The Art of Sake, and more, to help kick-start the gift-giving.

 

Heather Ang

Head of Marketing

[email protected]

Nicole Ye

Digital Marketing Manager

[email protected]

About Senoko Energy Pte Ltd

Senoko Energy Pte Ltd provides energy for life to generations of Singaporeans, delivering safe, innovative, and efficient energy supply to customers since 1977. Integral to Singapore’s development, it is a pioneer in power generation and energy solutions, serving Singapore’s energy needs with proven reliable performance.

 

As one of the largest power generation companies by installed capacity in Singapore, Senoko Energy has a licensed capacity of 2,807 megawatts (MW), providing about one-fifth of the nation’s electricity needs. The company launched its retail brand in 2018, offering retail products and services for Singapore households and small and medium enterprises (SMEs) in the Open Electricity Market.

 

Visit www.senokoenergy.com for more information.

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Communications Association of Hong Kong Supports The New Initiatives on Telecommunications Industry in The Chief Executive’s 2020 Policy Address

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New initiatives will be beneficial to the long-term development of innovation and technology and the implementation of the Smart City blueprint

 

HONG KONG SAR – Media OutReach – 25 November 2020 – Communications Association of Hong Kong (CAHK) has expressed positive support to the Chief Executive’s 2020 Policy Address, in particular its new initiatives on Network Development and Wider Application of 5G as highlighted under the “New Impetus to the Economy”.

 

We welcome the Hong Kong SAR (HKSAR) Government’s plan to release more 5G spectrum (currently at 3.5GHz, 4.9GHz, and 3.3GHz ranges) in different frequency bands in 2021 to meet the needs of various 5G applications in terms of speed, capacity and coverage, as cited in the Policy Address. Making available more spectrum to all mobile operators in Hong Kong is fundamental to meeting the ever-increasing demand for mobile data services.

 

In addition, the new initiatives will address the restriction zone issue in the Tai Po area, which is caused by the interference between 5G and the satellite earth station in the 3.5GHz band.  When the telemetry, tracking and control stations of the two satellite operators are relocated from Tai Po to Chung Hom Kok Teleport in four years’ time, the overall 5G coverage in Tai Po will be improved when mobile network operators could deploy the 5G frequency bands in a more holistic and efficient manner. 

 

On the promotion of 5G application, we note from the Policy Address that the HKSAR Government is determined to improve the deployment of 5G technology and application with the extension of the subsidy scheme application period under the Anti-epidemic Fund for six months until May 2021.  Furthermore, the HKSAR Government has also worked with a number of public organisations to encourage the deployment of 5G technology in various sectors to facilitate the early adoption of 5G technology and application in government departments and public organisations. 

 

All these encouraging initiatives are welcomed by us and the industry. These initiatives will also promote the long-term development of innovation and technology and facilitate the implementation of the HKSAR Government’s Smart City blueprint.

About Communications Association of Hong Kong

CAHK is a non-profit making organisation incorporated in Hong Kong on 27 May 1983 following the announcement of deregulation of local communication products and services. It is the association for Hong Kong’s communications industries, with responsibilities across broadcasting, wireline and wireless communications, and other sectors in information communications technology.

For more information, please visit:  www.cahk.hk

This press release is distributed by Communications Association of Hong Kong.

 

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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