Automotive Metal Timing Chain Market is Anticipated to Grow at A Sluggish CAGR of 4.1% by 2031- TMR Study

The global automotive metal timing chain market, valued at US$ 12.79 billion in 2021, is poised for robust growth with an estimated CAGR of 4.1% from 2022 to 2031. This surge is driven by factors such as the rising demand for fuel-efficient engines, adherence to strict emission norms, and increasing fuel prices. In this comprehensive market research study, we delve into the market's intricacies, exploring growth trends, key players, consumer behavior, technological advancements, regulatory influences, and the future outlook to provide stakeholders with actionable insights.

Market Size and Growth Trends:

The global automotive metal timing chain market is expected to reach a value of US$ 19.28 billion by the end of 2031. The post-COVID-19 era has witnessed companies focusing on high-growth applications, including overhead cam engines and toothed/silent chains. This strategic shift aims to cater to the demand for automobiles with compact, fuel-efficient engines, driven by rising fuel prices.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐭𝐨 𝐠𝐞𝐭 𝐞𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐌𝐞𝐭𝐚𝐥 𝐓𝐢𝐦𝐢𝐧𝐠 𝐂𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84815&utm_source=OpenPR_Ganesh&utm_medium=OpenPR

The role of automotive metal chains in synchronizing the movement between crankshaft and camshaft, thereby controlling the movement of inlet and exhaust valves precisely, has become crucial. This precision leads to lean combustion in engines, enhancing fuel efficiency. Manufacturers are urged to intensify their research and development efforts to innovate new types of automotive metal timing chains, tapping into incremental opportunities for revenue growth.

Overview of the Automotive Metal Timing Chain Market:

The market's growth is propelled by the adoption of stringent emission norms, surging fuel prices, and the quest for fuel-efficient yet powerful engines equipped with variable valve timing control technology. Automotive metal timing chains play a pivotal role in optimizing engine performance by controlling the rotation of the camshaft and crankshaft, ensuring precise inlet valve movement aligned with the piston position. This precision results in lean combustion, improving thermal efficiency, power delivery, and throttle response.

Rise in Demand for Toothed/Silent Chains:

A significant contributor to market growth is the escalating demand for toothed/silent chains, which is estimated to reach a valuation of US$ 8.5 billion by the end of 2022. This surge is driven by the preference of automobile manufacturers for chains that lower noise, vibration, and harshness levels, coupled with excellent durability characteristics. Toothed/silent chains find applications in overhead cam engines, witnessing increased demand in developed markets such as North America and Europe.

As two-wheelers, especially motorcycles, dominate sales in developing countries, toothed/silent chains play a pivotal role in meeting the demand for reliable and durable engine components. The automotive metal timing chain market is further fueled by the rising sales of automobiles with overhead cam engines.

Growth of Automobile Manufacturing Industry:

The consistent rise in automobile sales and production globally is attributed to factors such as rapid urbanization, increased commuting distances, lack of well-developed public transport networks in emerging markets, and the view of vehicle ownership as a status symbol. These factors drive the demand for automotive metal timing chains, especially with the introduction of new products like hybrid vehicles, connected vehicles, and autonomous vehicles.

High Reliability and Low Maintenance of Overhead Cam Engines:

In terms of engine type, the overhead cam engine segment holds a significant share of 81.71% in the automotive metal timing chain market. The preference for overhead cam engines is due to their widespread adoption since the early 2000s, offering good reliability, lower maintenance, and versatility for use in various small- and medium-sized vehicles. Overhead cam engines are the highest-selling engine type worldwide, especially in developing countries.

Preference for Gasoline Engines:

Gasoline engines dominate the global automotive metal timing chain market, holding a market share of 60.46% in 2021. Gasoline engines are preferred for their higher power output, smooth operations, and suitability for use in passenger vehicles and two-wheelers worldwide. The rising trend of electrification has led to the growth of hybrid engines, combining petrol engines and electric motors.

Regional Outlook:

Asia Pacific leads the market with a volume share of 46.18% in 2021, driven by advanced research and development and manufacturing facilities in countries like China, Japan, and South Korea. China, being a major automotive hub, dominates the automotive metal timing chain market in the region. North America and Europe contribute significantly to the market, with South America showcasing faster growth compared to the Middle East & Africa.

Analysis of Key Players:

The global automotive metal timing chain market is consolidated, with a limited number of large vendors controlling the majority of the market share. Key players such as BG Automotive, BorgWarner Inc., Continental AG, SKF, and NTN-SNR are adopting strategies like research and development, portfolio expansion, and mergers & acquisitions to maintain a competitive edge.

Key Developments:

Several key developments have shaped the automotive metal timing chain market, including acquisitions and strategic partnerships. For instance, Cloyes Gears and Products Inc. were acquired by Hidden Harbor Capital Partners, emphasizing the industry's dynamic nature.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=84815<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.