Timing Belt Market Gears Up for Strong Growth Amid Rising Automotive Demand

Timing belt, also referred to as timing chain or cambelt, is a fragment of an internal combustion engine. Timing belt primarily synchronizes the rotation of the camshaft and crankshaft to make sure the engine valves are opened and closed at specific times throughout each cylinder's intake as well as exhaust strokes. It is a toothed belt that has teeth on the inside surface. Allocation of timing belts, such as noiseless operation, lighter, and less expensive, is estimated to boost the growth of the market over the forecast period.

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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Rise in sales of new automobiles along with increase in demand for replacements is expected to propel the global demand for timing belts. Moreover, increase in demand for Battery Electric Vehicles (BEVs) is expected to restrain the growth of the market. Furthermore, data mining and artificial intelligence in the timing belt system and shift from dry belt to belt-in-oil timing system are estimated to provide lucrative opportunities for the timing belt market.

Rise in sales of new automobiles
Automobile sale has been increasing positively from the last two decades in developed and developing industries. Moreover, many of the economies around the globe have been facing a slowdown, but the automobile market has been emerging. The massive growth of automobiles has catalyzed the demand for timing belts from the Original Equipment Manufacturer (OEM) segment, which is estimated to further boost the timing belt market over the forecast period.

Increase in demand from the replacement market
Original Equipment Manufacturer (OEM) sales account for a major share of the global timing belt market as the bulk demand comes from the replacement segment. The size of the replacement market for timing belts is significantly higher than the Original Equipment Manufacturer (OEM) market as most timing belts normally need to be replaced as part of regular maintenance. Therefore, this is expected to boost the growth of the timing belt market.

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Component

Tensioner
Idler Pulleys
Timing Shield/Cover
Sprocket

Key Players:-
Bando USA,
ACDelco,
Federal-Mogul Motorparts Corporation,
Ningbo Fulong Synchronous Belt, J.K.
Fenner Limited,
MAHLE,
B&B Manufacturing,
ContiTech,
The Carlstar Group,
Gates Corporation

Questions answered in the timing belt market research report:

Which are the leading market players active in the timing belt market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What are the projections for the future that would help in taking further strategic steps?

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