Automotive Timing Chain and Belt Market – Evaluation, Outlook, Progress, Tendencies, Forecasts

DUBAI, United Arab Emirates, Jan. 14, 2022 (GLOBE NEWSWIRE) — The worldwide automotive timing chain and belt market was pegged at 114,517 ‘000 items in 2022 and is anticipated to achieve 166,277 ‘000 items by the top of 2027. The market is projected to extend at a quantity CAGR of three.8%.

In keeping with a brand new report by Future Market Insights titled “Automotive Timing Chain & Belt Market: World Business Evaluation (2012–2016) and Alternative Evaluation (2022–2027),” world gross sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2022 and is projected to extend at a CAGR of 4.2% over the forecast interval to be valued at US$ 10,209.9 Mn by 2027. This development is primarily pushed by a rise in car manufacturing throughout key geographies.

Automotive Timing Chain and Belt Market Base Yr Worth (2021A)

US$ 7.8 Bn

Automotive Timing Chain and Belt Market Estimated Yr Worth (2022E)

US$ 8.2 Bn

Automotive Timing Chain and Belt Market Projected Yr Worth (2027F)

US$ 10.20 Bn

Worth CAGR (2022-2027)

4.5%

Collective Worth Share: Prime 3 Nations (2022E)

48.7%

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World Automotive Timing Chain & Belt Market: Dynamics

  • City logistic management will increase the demand for automotive belts and chains

  • Rising lifespan of used cars to spice up the automotive aftermarket gross sales of automotive timing methods

  • Shift of element producers’ focus in direction of present alternatives in Japanese Europe is driving enlargement of the native manufacturing base

  • Analysis, growth and innovation of automotive time/chain elements is a key development driver

World Automotive Timing Chain & Belt Market: Forecast by Product Kind

On the idea of product kind, the worldwide automotive timing chain and belt market is segmented into chain, curler chain, non-roller chain, belt, dry belt, and belt in oil. Belt, adopted by the chain phase, stays profitable and can dominate market demand over the forecast interval, primarily attributable to the truth that these merchandise provide longer life and environment friendly operations in real-time working situations in all car sorts.

World Automotive Timing Chain & Belt Market: Forecast by Automobile Kind

On the idea of car kind, the worldwide automotive timing chain and belt market is segmented into passenger automotive, LCV, HCV, and off freeway car. The passenger automotive phase is anticipated to emerge as an opportunistic phase as a result of rising shopper choice for superior and extra environment friendly timing chains and belts.

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World Automotive Timing Chain & Belt Market: Forecast by Engine Kind

On the idea of engine kind, the worldwide automotive timing chain and belt market is segmented into gasoline and diesel. By engine kind, by way of quantity, gasoline engine is anticipated to stay probably the most enticing phase within the world automotive timing chain and belt market over the forecast interval, rising at a quantity CAGR of three.7%.

World Automotive Timing Chain & Belt Market: Forecast by Gross sales Channel

On the idea of gross sales channel, the worldwide automotive timing chain and belt market is segmented into OEM and aftermarket. The OEM phase is anticipated to realize distinguished market share throughout the forecast interval as OEM gross sales are instantly proportional to the manufacturing price of automobiles globally. Furthermore, the growing manufacturing of automobiles within the rising economies in Latin America and MEA is more likely to propel the demand for automotive timing chains and belts.

World Automotive Timing Chain & Belt Market: Forecast by Area

APEJ is a distinguished regional market and is anticipated to dominate the worldwide demand for automotive timing chains and belts, adopted by Western Europe. Noteworthy enhance in gross sales in markets comparable to China, India, Mexico and Turkey amongst others is anticipated throughout the forecast interval.

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World Automotive Timing Chain & Belt Market: Key Gamers

A number of the key gamers working within the world marketplace for automotive timing chains and belts embody Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Company, Schaeffler Applied sciences AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Company, Dayco Merchandise LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Business Restricted, CIC USA Corp, KCM Car Transmission Co. Ltd., and Mahle GmbH.

Concerning the Automotive Division of FMI

The automotive division of FMI provides a novel strategy and revolutionary perspective within the evaluation of the commercial automation market. Complete protection of capital, transportable, course of, building, industrial, and particular objective equipment throughout the manufacturing sector and distinctive evaluation concerning the put in base, consumables, substitute, USP-feature-application matrix make us a pioneering voice within the trade. We’re most well-liked associates with established in addition to budding trade stakeholders, and channel companions in terms of sustaining, rising, and figuring out new income prospects.

Scope of Report

Attribute

Particulars

Forecast Interval

2022-2027

Historic Information Obtainable for

2012-2021

Market Evaluation

USD Million for Worth and Items for Quantity

Key Areas Lined

North America, Latin America, Japanese Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Center East and Africa (MEA)

Key Nations Lined

US, Canada, Brazil, Mexico, Germany, U.Ok., France, Spain Italy, BENELUX, Russia, Poland, China, India, ASEAN, Australia and New Zealand, Turkey, South Africa

Key Segments Lined

Product Kind, Gross sales Channel, Automobile Kind, Engine Kind and Area

Key Corporations Profiled

Report Protection

Market Forecast, Firm Share Evaluation, Competitors Intelligence, DROT Evaluation, Market Dynamics and Challenges, and Strategic Progress Initiatives

Customization & Pricing

Obtainable upon Request

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