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Automotive Timing Belt Market by End-user, Vehicle Type, and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 152
  • SKU: IRTNTR40699
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The automotive timing belt market share is expected to increase to USD 37.62 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.4%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (OEMs and automotive aftermarket), vehicle type (passenger vehicles and commercial vehicles), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The market report also offers information on several market vendors, including AB SKF, ACDelco, Aisin Corp., B and B Manufacturing, Bando Chemical Industries Ltd., Continental AG, Dayco IP Holdings LLC, DuraBelt Inc., Gates Industrial Corp. Plc, J.K. Fenner India Ltd., NCC Inc., Ningbo Beidi Synchronous Belt Co. Ltd., NingBo Fulong Synchronous Belt Co. Ltd., Optibelt GmbH, Schaeffler AG, Tenneco Inc., The Goodyear Tire and Rubber Co., and Tsubakimoto Chain Co. among others.

What will the Automotive Timing Belt Market Size be During the Forecast Period?

Automotive Timing Belt Market Size

Download the Free Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

 

Automotive Timing Belt Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The improvement in the aftermarket segment is notably driving the market growth, although factors such as the increase in annual wage leading to declining profit margins may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive timing belt industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Timing Belt Market Driver

The improvement in the aftermarket segment is one of the key drivers fueling the market growth. Primarily, the OEM segment purchased timing belt components in a standard quantity to produce new automotive products. Well, the requirement is large but the bulk revenue is dependent on the global automobile market. The timing belt occupies a large market share after the automotive wiper system in the aftermarket segment. However, manufacturers in the aftermarket sector have their own distribution channels for both global and local markets. On the other hand, the growing middle-class population, in conjunction with increasing purchasing power, is driving the sales of vehicles and providing potential opportunities for aftermarket parts, such as automotive timing belts. Thus, such factors will drive market growth during the forecast period.

Key Automotive Timing Belt Market Trend

The use of thermally-stable materials for producing timing belts is one of the key market trends propelling the market growth. Thermally stable materials such as elastomers made of HNBR, which have the properties to maintain physical strength and structure when exposed to constantly increasing heat, can be used to manufacture automotive timing belts. However, HNBR is expensive when compared with conventional fibres used in manufacturing as the compounds have a high tensile strength of 20 MPa 31 MPa at 73.4 degrees F. Furthermore, they are highly heat resistant. For instance, automotive timing belts made of HNBR can operate in temperatures that range from -40 degrees F to 329 degrees F. Such factors are anticipated to propel the market growth during the forecast period.

Key Automotive Timing Belt Market Challenge

The increase in annual wage leading to declining profit margins is one of the factors impeding the market growth. There are many upcoming stringent environmental requirements for operating a production facility, which is posing a challenge and cost pressure on automotive parts manufacturers in emerging countries such as China and India. Meanwhile, as the production cost increases, manufacturers will have to explore other means to maintain the low-cost advantage and their profit margins, where the automotive parts manufacturers, including timing belt manufacturers, will witness additional pressure from OEMs. Such increasing pressure will impede the market growth during the forecast period.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive timing belt market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Automotive Timing Belt Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AB SKF
  • ACDelco
  • Aisin Corp.
  • B and B Manufacturing
  • Bando Chemical Industries Ltd.
  • Continental AG
  • Dayco IP Holdings LLC
  • DuraBelt Inc.
  • Gates Industrial Corp. Plc
  • J.K. Fenner India Ltd.
  • NCC Inc.
  • Ningbo Beidi Synchronous Belt Co. Ltd.
  • NingBo Fulong Synchronous Belt Co. Ltd.
  • Optibelt GmbH
  • Schaeffler AG
  • Tenneco Inc.
  • The Goodyear Tire and Rubber Co.
  • Tsubakimoto Chain Co.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as innovation to compete in the market.

Product Insights and News

  • AB SKF - Under the industrial segment, the company develops and manufactures products and services such as bearings, seals, and lubrication systems, as well as rotating shaft services and solutions for machine health assessment, reliability engineering, and remanufacturing. 
  • AB SKF - The company offers automotive timing belts that is equipped with elastomeric composites which result in durability and heat resistance. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Timing Belt Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Timing Belt Market?

Automotive Timing Belt Market Market segmentation by region

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57% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the automotive timing belt in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

The government will focus on increasing the investments from global vendors operating in the automotive sector, which will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 led to a decline in the growth of the market in APAC. However, the initiation of vaccination drives and the resumption of cross-border trading activities revived the growth of the market in the first half of 2021. Also, the rising demand for EVs, the growing e-commerce industry, and the increasing government investments in the automobile industry are expected to propel the growth of the market in APAC during the forecast period.

What are the Revenue-generating End-user Segments in the Automotive Timing Belt Market?

Automotive Timing Belt Market Segmentation

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The market share growth by the OEMs segment will be significant during the forecast period. The sales volume of the timing belt in the OEMs segment increases with the increase in the production of the vehicles. The timing belt is a crucial component of ICE, and there is no equivalent substitute for it. Therefore, the sales volume is expected to grow during the forecast period. Furthermore, there is an increase in the sales of EVs, especially in APAC, the major market for the timing belt. These factors will positively impact the timing belt market in the OEMs segment in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Timing Belt Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.4%

Market growth 2022-2026

$ 37.62 million

Market structure

Fragmented

YoY growth (%)

3.64

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 57%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB SKF, ACDelco, Aisin Corp., B and B Manufacturing, Bando Chemical Industries Ltd., Continental AG, Dayco IP Holdings LLC, DuraBelt Inc., Gates Industrial Corp. Plc, J.K. Fenner India Ltd., NCC Inc., Ningbo Beidi Synchronous Belt Co. Ltd., NingBo Fulong Synchronous Belt Co. Ltd., Optibelt GmbH, Schaeffler AG, Tenneco Inc., The Goodyear Tire and Rubber Co., and Tsubakimoto Chain Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the automotive timing belt industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 OEMs - Market size and forecast 2021-2026
      • Exhibit 29: Chart on OEMs - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on OEMs - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on OEMs - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on OEMs - Year-over-year growth 2021-2026 (%)
    • 5.4 Aftermarket - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Aftermarket - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Aftermarket - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Aftermarket - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Aftermarket - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by End-user
      • Exhibit 37: Market opportunity by End-user ($ million)

    6 Market Segmentation by Vehicle Type

    • 6.1 Market segments
      • Exhibit 38: Chart on Vehicle Type - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on Vehicle Type - Market share 2021-2026 (%)
    • 6.2 Comparison by Vehicle Type
      • Exhibit 40: Chart on Comparison by Vehicle Type
      • Exhibit 41: Data Table on Comparison by Vehicle Type
    • 6.3 Passenger vehicles - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Passenger vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Passenger vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Passenger vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Passenger vehicles - Year-over-year growth 2021-2026 (%)
    • 6.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Vehicle Type
      • Exhibit 50: Market opportunity by Vehicle Type ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 52: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 54: Chart on Geographic comparison
      • Exhibit 55: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 56: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 57: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 58: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 59: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 North America - Market size and forecast 2021-2026
      • Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 China - Market size and forecast 2021-2026
      • Exhibit 76: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.9 Japan - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.10 US - Market size and forecast 2021-2026
      • Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.11 Germany - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.12 UK - Market size and forecast 2021-2026
      • Exhibit 92: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 96: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 97: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 99: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 100: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 101: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 102: Matrix on vendor position and classification
            • 11.3 AB SKF
              • Exhibit 103: AB SKF - Overview
              • Exhibit 104: AB SKF - Business segments
              • Exhibit 105: AB SKF - Key news
              • Exhibit 106: AB SKF - Key offerings
              • Exhibit 107: AB SKF - Segment focus
            • 11.4 ACDelco
              • Exhibit 108: ACDelco - Overview
              • Exhibit 109: ACDelco - Product / Service
              • Exhibit 110: ACDelco - Key offerings
            • 11.5 B and B Manufacturing
              • Exhibit 111: B and B Manufacturing - Overview
              • Exhibit 112: B and B Manufacturing - Product / Service
              • Exhibit 113: B and B Manufacturing - Key offerings
            • 11.6 Bando Chemical Industries Ltd.
              • Exhibit 114: Bando Chemical Industries Ltd. - Overview
              • Exhibit 115: Bando Chemical Industries Ltd. - Business segments
              • Exhibit 116: Bando Chemical Industries Ltd. - Key offerings
              • Exhibit 117: Bando Chemical Industries Ltd. - Segment focus
            • 11.7 Continental AG
              • Exhibit 118: Continental AG - Overview
              • Exhibit 119: Continental AG - Business segments
              • Exhibit 120: Continental AG - Key news
              • Exhibit 121: Continental AG - Key offerings
              • Exhibit 122: Continental AG - Segment focus
            • 11.8 Dayco IP Holdings LLC
              • Exhibit 123: Dayco IP Holdings LLC - Overview
              • Exhibit 124: Dayco IP Holdings LLC - Product / Service
              • Exhibit 125: Dayco IP Holdings LLC - Key offerings
            • 11.9 Gates Industrial Corp. Plc
              • Exhibit 126: Gates Industrial Corp. Plc - Overview
              • Exhibit 127: Gates Industrial Corp. Plc - Business segments
              • Exhibit 128: Gates Industrial Corp. Plc - Key offerings
              • Exhibit 129: Gates Industrial Corp. Plc - Segment focus
            • 11.10 Ningbo Beidi Synchronous Belt Co. Ltd.
              • Exhibit 130: Ningbo Beidi Synchronous Belt Co. Ltd. - Overview
              • Exhibit 131: Ningbo Beidi Synchronous Belt Co. Ltd. - Product / Service
              • Exhibit 132: Ningbo Beidi Synchronous Belt Co. Ltd. - Key offerings
            • 11.11 Tenneco Inc.
              • Exhibit 133: Tenneco Inc. - Overview
              • Exhibit 134: Tenneco Inc. - Business segments
              • Exhibit 135: Tenneco Inc. - Key news
              • Exhibit 136: Tenneco Inc. - Key offerings
              • Exhibit 137: Tenneco Inc. - Segment focus
            • 11.12 The Goodyear Tire and Rubber Co.
              • Exhibit 138: The Goodyear Tire and Rubber Co. - Overview
              • Exhibit 139: The Goodyear Tire and Rubber Co. - Business segments
              • Exhibit 140: The Goodyear Tire and Rubber Co. - Key news
              • Exhibit 141: The Goodyear Tire and Rubber Co. - Key offerings
              • Exhibit 142: The Goodyear Tire and Rubber Co. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 143: Inclusions checklist
                • Exhibit 144: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 145: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 146: Research methodology
                • Exhibit 147: Validation techniques employed for market sizing
                • Exhibit 148: Information sources
              • 12.5 List of abbreviations
                • Exhibit 149: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
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              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive Timing Belt Market market growth will increase by $37.62 mn during 2022-2026.
              The automotive timing belt market market is expected to grow at a CAGR of 3.4% during 2022-2026.
              Technavio has segmented the automotive timing belt market market by end-user (OEMs and Aftermarket) ,other 1 (Passenger vehicles, Commercial vehicles, North America, and South America) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              AB SKF, ACDelco, Aisin Corp., B and B Manufacturing, Bando Chemical Industries Ltd., Continental AG, Dayco IP Holdings LLC, DuraBelt Inc., Gates Industrial Corp. Plc, J.K. Fenner India Ltd., NCC Inc., Ningbo Beidi Synchronous Belt Co. Ltd., NingBo Fulong Synchronous Belt Co. Ltd., Optibelt GmbH, Schaeffler AG, Tenneco Inc., The Goodyear Tire and Rubber Co., Tsubakimoto Chain Co. are a few of the key vendors in the automotive timing belt market market.
              APAC will register the highest growth rate of 57% among the other regions. Therefore, the automotive timing belt market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive timing belt market market growth are:
              • Improvement in aftermarket segment
              • Use of thermally-stable materials for producing timing belts
              The automotive timing belt market market vendors should focus on grabbing business opportunities from the oems segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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