A drive belt includes a hoop and multiple elements joined together in a loop by the hoop. Each element has an assembly space into which one end portion of the hoop is inserted during assembly. Each element is configured such that a first opening width, which is a distance between a first hook and a second hook, is less than a width of the hoop, and a second opening width, which is a distance between the second hook and a contact site where the one end portion of the hoop housed in the assembly space contacts a first pillar, is greater than the width of the hoop. The first hook and the second hook respectively include a first displacement-restriction surface and a second displacement-restriction surface each configured to restrict relative displacement between the element and the hoop by contacting a corresponding one of edges of the hoop.