Redding, California - July 19, 2024
U.S. Motorized Pulleys Market to be Worth $249.4 Million by 2031
U.S. Motorized Pulleys Market Size, Share, Forecast, & Trends Analysis by Power Output (Upto 5 hp, Others), Gear Material (Polymer, Steel, Others), Housing Material (Steel, Others), Application (Belt Conveyors, Roller Conveyors), End User (Logistics & Warehousing, Others) - Forecast to 2031
Meticulous Research®—a leading global market research company, published a research report titled, ‘U.S. Motorized Pulleys Market by Power Output (Upto 5 hp, Others), Gear Material (Polymer, Steel, Others), Housing Material (Steel, Others), Application (Belt Conveyors, Roller Conveyors), End User (Logistics & Warehousing, Others) - Forecast to 2031.’
According to this latest publication from Meticulous Research®, the U.S. motorized pulleys market is projected to reach $249.4 million by 2031, at a CAGR of 3.5% from 2024 to 2031. The growth of the U.S. motorized pulleys market is driven by the increasing adoption of industrial automation and other Industry 4.0 technologies, the rising need to replace aging assets, and the growing demand for material handling solutions. However, suboptimal overall efficiency due to motorized pulleys’ compact designs restrains the growth of this market.
Furthermore, the growth of the e-commerce and logistics sectors and advancements in motor and control technologies are anticipated to create market growth opportunities. However, the higher investment requirements of motorized pulleys compared to traditional pulleys are a major challenge restricting market growth.
Based on power output, the U.S. motorized pulleys market is segmented into upto 5 hp, above 5 hp to 15 hp, 15 hp to 50 hp, and above 50 hp. In 2024, the upto 5 hp segment is expected to account for the largest share of 37.3% of the U.S. motorized pulleys market. The segment’s large market share can be attributed to the increasing adoption of conveyor systems for transporting lightweight materials, rising demand for industrial automation, and advancements in conveyor technology.
However, the above 5 hp to 15 hp segment is expected to record the highest CAGR of 4.3% during the forecast period. The growth of this segment is driven by factors such as the increasing adoption of baggage handling systems in airports and the rising need to reduce labor costs and enhance efficiency across various industries.
Based on gear material, the U.S. motorized pulleys market is segmented into polymer, steel, and other gear materials. In 2024, the polymer segment is expected to account for the largest share of 49.1% of the U.S. motorized pulleys market. This segment’s large market share is mainly attributed to the increasing focus among companies on developing highly durable polymers specifically designed for industrial applications, as well as the advantages of using polymer gears in motorized pulleys, such as their lighter weight and reduced noise levels compared to metal gears. However, the steel segment is expected to record the highest CAGR during the forecast period.
Based on housing material, the U.S. motorized pulleys market is segmented into aluminum housing, steel housing, and other housing materials. In 2024, the aluminum housing segment is expected to account for the largest share of the U.S. motorized pulleys market. However, the steel housing segment is expected to record the highest CAGR during the forecast period. This segment’s growth is driven by the widespread preference for heavy-duty motorized pulleys due to their strength and durability.
Based on application, the U.S. motorized pulleys market is segmented into belt conveyors and roller conveyors. In 2024, the roller conveyors segment is expected to account for a larger share of 58.3% of the U.S. motorized pulleys market. This segment’s large market share is attributed to advancements in conveyor systems and the increasing use cases of roller conveyors across various industries.
However, the belt conveyors segment is anticipated to record the highest CAGR of 4.9% during the forecast period. The growth of this segment is driven by the increasing adoption of automation technologies.
Based on end user, the U.S. motorized pulleys market is segmented into mining & mineral processing, cement manufacturers, steel industry, power generation, automotive manufacturers, consumer goods manufacturers, logistics & warehousing, food & beverage processing industry, and other end users. In 2024, the logistics & warehousing segment is expected to account for the largest share of 23.5% of the U.S. motorized pulleys market. This segment’s large market is attributed to the growing integration of conveyor systems in logistics and warehouse operations. Conveyor systems offer significant benefits, including enhanced productivity, improved safety measures, and optimal space utilization within the logistics industry.
However, the automotive manufacturers segment is expected to register the highest CAGR of 4.9% during the forecast period. The growth of this segment is mainly driven by manufacturers' emphasis on reducing reliance on human labor, particularly for repetitive or hazardous tasks and meeting stringent production deadlines.
Key Players:
Some of the key players operating in the U.S. motorized pulleys market are Rulmeca Holding S.p.A. (Italy), Van der Graaf Inc. (Canada), Interroll Holding AG (Switzerland), Sparks Belting (U.S.), Mol Belting Systems, Inc. (U.S.), Shipp Belting Company (U.S.), Metso Corporation (Finland), Tech-Roll, Inc. (U.S.), HIMMEL Antriebstechnik GmbH & Co. KG (Germany), Jiangsu Winroller Technology Co., Ltd. (China) and Tianjin Seaparks Machinery-Electronics Co., Ltd (China).
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Key Questions Answered in the Report:
- Which are the high-growth market segments based on power output, gear materials, housing materials, application, and end user?
- What was the historical market for U.S. motorized pulleys?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, and opportunities in the U.S. motorized pulleys market?
- Who are the major players in the U.S. motorized pulleys market, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the U.S. motorized pulleys market?
- Who are the emerging players in the U.S. motorized pulleys market, and how do they compete with other players?
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