Industrial belt tensioners are used in belt drives that ride on the inner/outer surface of industrial belts (V-belts/variable belts/synchronous timing belts) to apply and maintain constant pressure, tension on the belt and against the pulley that drives the engine. The major application of industrial belt tensioners is to avert vibration of industrial belts during belt drive operations. The application of belt tensioners in belt drives is essential to increase their performance and efficiency by reducing the vibration during machinery operations.
One of the major drivers for this market is increasing investments in industrial assets. The rising adoption of industrial assets, such as advanced machinery, with low downtime to improve productivity, has prompted companies to increase their investments in machines and equipment. Also, steps are being taken to increase the efficiency and the life of the industrial belt tensioners. These measures are being taken for the fulfillment of customers demand and make the market grow.
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The major challenge for the Industrial belt tensioner market is competitive pricing strategy of low cost manufacturers. The manufacturers of this market make the pricing high when they suffer loss or are not able to buy the profit which in turn is to be beared by the customers. This challenge is mainly seen in the market of Asian manufacturers who are not so liable about their customers and their need and finally make those suffer the pricing strategy.
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The major trend prevailing in the Industrial belt tensioner market is the development of customized belt tensioners. The demand by the customers to modify the belt tensioners forces the manufacturers to customize the market. Hence the development of the market in the various regions helps the market to grow. The market seems to be growing vast in the regions where the economy is better and developed. This helps the market to demolish the challenge of pricing strategy. The growing market has made the advent of integrated belt tensioners. The integrated belt tensioners are more advantageous and promisingly fulfilling the needs of the customers. Also a new advent has been observed in the belt tensioning system, this has been done to ease the use of the belt tensioners and to make the market growing and developed.