Automotive timing Belt Market Research Report- Opportunities & Challenges in Near Future by with Different Segments, Forecast- 2027

The Report Automotive timing Belt Market: Global Industry Analysis and Opportunity Assessment 2017-2027 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

The automotive timing belt is an essential part of any internal combustion engine. The function of these timing belts or chains is to coordinate the rotation of camshafts and crankshaft in such a way that the inlet and outlet valves open and close at correct and suitable times during an engine’s exhaust and intake cycles. The timing belt or timing chain is very crucial as it prevents the pistons from hitting the valves. Automotive timing belts are basically either toothed belts or drive belts with teeth on the inside surface. The timing chain is a simple roller chain.

Timing belts are usually made from polymers, rubbers or metal chains. These days, manufacturers are focusing on creating timing belts or chains which facilitate proper synchronization of crankshaft rotation with camshaft rotation. However, some still old engines use gears for driving the camshaft. There are many advantages of using timing belts or timing chains instead of direct gears for the placement of camshaft away from the crankshaft. Additionally, engines with multiple camshafts have a timing chain or belt that enables the engine designer to place camshafts away from each other. Timing chains were quite popular in automobiles through the 1980’s. However, timing chains have become increasingly popular again in recent years. Timing chains are normally more robust than timing belts, but, neither is as strong as the direct gear drive. However, since timing belts are less expensive, operate more quietly and are lighter, they are preferred over direct gear drive.

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Automotive timing Belt Market dynamics:

The market for automotive engine timing drives is composed principally of belt- and belt-based products, with belts being currently used in a majority of engines. In recent years, however, the automotive engine manufacturers are leaning towards more reliable and lower fuel consumption models. Therefore, their interest in belts, which are more durable and compact, has increased. Technological modernization has assisted in the expansion of new belts that are quieter, lighter and smaller than conventional belts and as a result, automakers are increasingly choosing to use belts in new engines. The market share of automotive belts is expected to surpass that of driving gears in the next five years.

The market for automotive timing belts is anticipated to grow at a healthy CAGR in the coming future. Furthermore, growing applications of automotive belts in the automotive industry is expected to propel the growth of the automotive timing belt market in near future.

Automotive timing Belt Market segmentation:

Automotive timing belts can be segmented on the basis of type of chemicals and application.

By Product type, the automotive timing belt Market can be segmented into:

Timing Belts
Timing Chains

On the basis of Sales Channels, the automotive timing belt market can be segmented into:

OEM
Aftermarket

On the basis of Vehicle Type, the automotive timing belt market can be segmented into:

Passenger Cars
LCV
HCV

Automotive timing Belt: Regional Outlook:

Owing to increasing global vehicle production and manufacturing, adoption of fuel competent technologies, developments in materials in reference to their durability and stern emission guidelines and norms, the market for timing belts is estimated to grow at a swift pace in coming future. The demand for timing chains or belts is also projected to grow due to the implementation of new fuel saving technologies and the growing government regulations on tail pipe emissions globally. The demand for timing belts and chains is coming from emerging nations such as India, China, Brazil, Russia and South Africa. Additionally, the increasing demand for automobiles in these regions is expected to grow at a very rapid rate, which in turn, is estimated to fuel the growth of the overall timing belt market globally. In terms of the global demand, the Asia Pacific region is anticipated to be largest market for the automotive timing belts and chains due to the growing vehicle production in China, followed by India. The demand for automotive timing belts in European countries is also anticipated to be high owing to the increasing production of automobiles in this region.

Automotive timing Belt: Market Participants

Some of the market participants in the Automotive timing Belt market are:

B&B Manufacturing
Dayco
Ningbo Beidi Synchronous Belt
NingBo Fulong Synchronous Belt
SKF
Tsubaki
Carlstar Group
ContiTech (Continental AG)
Fenner
Gates
ACDelco
Bando
Beck Arnley

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

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The report provides the following information:

Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies

The main aim of the report is to:

Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution

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