Automotive Tensioner Market, size, share, business opportunities

Automotive tensioner is a device that applies force to create tension on the chain or belt which is used in the automotive drive. This device always maintains the timing chain or belts' proper tension and transfers the crankshaft rotation to the camshaft and accessory drive belts. It is extensively used in automotive engines to decrease noise from the timing belt and enhance engine durability.

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Automotive tensioner are one of the most important part of the vehicles. In recent years, there has been a rise in demand for lightweight cars to improve vehicle fuel economy throughout the world are expected to considerably boost demand for automotive tensioners, which is expected to drive the global  market. Furthermore, rising concern regarding global warming and other environmental issues, as well as development of fuel-saving technology, are some major factor which are likely to drive demand for automobile tensioners. Therefore, rising demand for lighter and more compact automobile tensioner is one of the major factor which is expected to drive the growth of the global automotive tensioner market during the forecast period of 2022-2029.

Data Bridge Market Research analyses that the automotive tensioner market was valued at USD 1.59 billion in 2021 and is expected to reach USD 2.18 billion by 2029, registering a CAGR of 4.05% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Automotive Tensioner Market Dynamics

Opportunities

Growing awareness regarding environmental issues

Rise in concern regarding global warming and other environmental issues to reduce fuel consumption are expected to increase the demand for more compact and lighter automotive tensioners. Many countries have endorsed rules and regulations to decrease emissions and fuel consumption. So, numerous vehicle manufacturers have been manufacturing low fuel consumption technologies to help create ways to save energy and reduce CO2 emissions. This will create immense opportunities for the growth of the global automotive tensioner market.

Drivers

Development of automotive sector

Growing production of vehicles both in emerging and developed economies is one of the major factors recognised to the growth of the automotive tensioner market globally. For instance, according to the International Organization of Motor Vehicle production, the total number of vehicles produced in 2016 was 95 million units, which augmented to 97 million units in 2017, globally. Therefore, growing number of vehicles on road is leading the demand for automotive tensioner which are anticipated to increase the market growth rate during the forecast period of 2022-2029.

Some of the major players operating in the automotive tensioner market are:

Continental AG (Germany)

ABA Automotive (U.S.)

ALT America Inc. (U.S.)

Litens Automotive Group (Canada)

GMB Corporation (Japan)

Dayco IP Holdings, LLC (U.S.)

NTN Corporation (Japan)

Gates Corporation (U.S.)

Muhr und Bender KG (Germany)

KMC Automobile Transmission (Taiwan)

Global Automotive Tensioner Market Scope

The automotive tensioner market is segmented on the basis of type, vehicle type, drive type, system, type of tensioner and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Timing Chain Automotive Tensioner

Timing Belt Automotive Tensioner

Auxiliaries Drive Belt Automotive Tensioner

Vehicle Type

Passenger Car (PC)

2-Wheeler

Commercial Vehicle

Drive Type

Chain Drive

Belt Drive

Auxiliary Drive

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