Asia Pacific Register Significant Growth In Timing Belt Kits Market Over 2021 To 2031

With the spread of Covid-19 pandemic, the demand for timing belt kits starting falling as lockdown was implented by the government to protect the people from the deadly virus. The manufacturers suffered accute decline in their sales in the first and second quarter of 2020, however after that it started witnessing gradual progress.

In 2021, the leading players are recovering their losses by undertaking continuous research and developments to develop better products and
services for attracting and retaining the customers.

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Recognized players such as ContiTech Corporation, Gates Corporation, Tsubaki Incorporation, ACDelco Limited, B&B Manufacturing Company, The Carlstar Group, J.K Fenner Limited, Federal Mogul Motorparts Corporation, Bando USA, Ningbo Fulong Synchronous Belt Corporation and Dayco Corporation are actively indulged in the incorporation of various market tactics including joint ventures, collaborations, partnership agreements, technological advancements, sales agreements, product approvals, research and developments, capacity utilizations, innovations, diversifications,

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geographical expansions, digital marketing, strategic alliances, mergers and acquisitions, innovative launches, product portfolio expansions etc to maintain and strengthen their presence and market share throughout the world.

Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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Adoption of Fiber Reinforced Material, Typically Glass Fibers, to Gain High Traction

Adoption of fiber reinforced materials in timing belts used in automotive can enhance the life span of the belt, thus reducing the replacement frequency and costs. OEMs are focusing on exploring high quality composite material for increasing the durability of the belt and life of the rubber used in timing belts.

This triggered the adoption of glass fiber composite along with rubber that enhances lifespan, improves strength, and provides high weight and corrosion resistance.

Use of glass fiber, owing to its superior weight to strength ratio, is expected to gain high traction in this space in the coming years, which is expected to fuel the sale of timing belt kits during the forecast period

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A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology

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