Global Timing Belt Market Expected To Reach At a 3500 Million USD by the End of 2025– Says QY Research, Inc.

The research study presented here is a brilliant compilation of different types of analysis of critical aspects of the global Timing Belt market. It sheds light on how the global Timing Belt market is expected to grow during the course of the forecast period. With SWOT analysis and Porter’s Five Forces analysis, it gives a deep explanation of the strengths and weaknesses of the global Timing Belt market and different players operating therein. The authors of the report have also provided qualitative and quantitative analyses of several microeconomic and macroeconomic factors impacting the global Timing Belt market. In addition, the research study helps to understand the changes in the industry supply chain, manufacturing process and cost, sales scenarios, and dynamics of the global Timing Belt market.

This report studies the Timing Belt market. Timing belt is a synthetic rubber belt, which reinforced with fiber cords. It is a ribbed belt placed in a specific configuration along one side of automobile engine to keep crank and camshafts timed properly. When the engine is on, the crankshaft converts linear energy from the pistons into rotational energy. The rotating wheel drives the timing belt and eventually the timing belt drives the two camshaft opens and closes the engine's valves to allow air and gas in and out of the engine. If the timing belt does not work well, the pistons and valves may collide, so drivers should replace timing belt regularly.

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At present, there are a mass of manufacturers in the market. Leading five companies in the market are Gates, Continental, BANDO, DAYCO and Tsubakimoto, together occupying about 40% market share in 2016. Other major manufacturers in the market are Forbo, Hutchinson, OPTIBELT, Bosch, Mitsuboshi, Timken, Schaeffler, Habasit, ACDelco, SKF, Megadyne, Federal-Mogul, Wuxi Belt, DRB, Ningbo Jiebao, Shanghai Wutong, Ningbo Fulong and Zhejiang Kaiou etc.

As downstream demand grows and technical barriers become less, there will be a huge market space for timing belt. To grab more market, the little companies have to expand the technology, capital investment and brand influence. To meet the challenge of new entrants and keep their leading stage, leading companies need to increase the technology innovation and speed up the product upgrading. In the future, timing belt market will still be a market of fierce competition.

The global Timing Belt market was 2720 million US$ in 2018 and is expected to 3500 million US$ by the end of 2025, growing at a CAGR of 3.2% between 2019 and 2025.

Key Players :

Gates

Continental

BANDO

DAYCO

Tsubakimoto

Forbo

Hutchinson

OPTIBELT

Bosch

Mitsuboshi

Timken

Schaeffler

Habasit

ACDelco

SKF

Megadyne

Federal-Mogul

Wuxi Belt

DRB

Ningbo Jiebao

Shanghai Wutong

Ningbo Fulong

Zhejiang Kaiou

By the product type, the market is primarily split into

Rubber Belt

PU Belt

By the end users/application, this report covers the following segments

Automotive

Industrial

Others

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Regions Covered in the Global Timing Belt Market:

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Table of Contents

Industry Overview: The first section of the research study touches on an overview of the global Timing Belt market, market status and outlook, and product scope. Additionally, it provides highlights of key segments of the global Timing Belt market, i.e. regional, type, and application segments.

Competition Analysis: Here, the report brings to light important mergers and acquisitions, business expansions, product or service differences, market concentration rate, the competitive status of the global Timing Belt market, and market size by player.

Company Profiles and Key Data: This section deals with the company profiling of leading players of the global Timing Belt market on the basis of revenue, products, business, and other factors mentioned earlier.

Market Size by Type and Application: Besides offering a deep analysis of the size of the global Timing Belt market by type and application, this section provides a study on top end users or consumers and potential applications.

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