Below are some of the key findings from the automotive tensioner market research report:
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Global automotive tensioner industry overview
Automotive manufacturers are pre-disposed to manufacture automotive drives that are quiet in nature as buyers associate noise with vehicle quality. Thus, timing chains are being increasingly adopted in vehicles which are ramping up the penetration of oil pressure and hydraulic tensioners. Rising stringency in emission regulations is encouraging the deployment of timing chains in automotive drives across various models of conventional internal combustion engine vehicles. Therefore, the growing adoption of timing chains will increase the use of oil pressure and hydraulic tensioners, in turn, contributing to automotive tensioners market growth.
The growing adoption of the start-stop system will be one of the key automotive tensioners market trends that will positively impact the growth of the market over the forecast period. Automotive start-stop systems are gaining prominence, owing to the rising stringency in emission regulations. The start-stop system instantly increases fuel efficiency and reduces emissions. The growing adoption of this system will induce changes in the existing automotive tensioners during the forecast period, which will subsequently drive market growth.
Top automotive tensioner companies covered in this market research report
The automotive tensioner market is highly concentrated. By offering a complete analysis of the market's competitive landscape and with information on the products offered by companies, this automotive tensioner industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Continental
- Dayco IP Holdings
- Gates Industrial Corporation
- Litens Automotive Group
- Mubea
Automotive tensioner market segmentation based on geographic regions
- Americas
- APAC
- EMEA
APAC will account for the highest automotive tensioners market share throughout the forecast period. Rapid economic expansion in India, China, and Thailand will contribute to the region's commercial vehicle market growth, which in turn, will fuel the growth of the automotive tensioners market size in this region.
Automotive tensioner market segmentation based on application
- Passenger cars
- Commercial vehicles
The passenger cars segment will account for the largest automotive tensioner market share. The report provides an accurate prediction of the contribution of the various segments to the growth of the automotive tensioner market size.
Key highlights of the global automotive tensioner market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automotive tensioner market during the next five years
- Precise estimation of the global automotive tensioner market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive tensioner industry across the Americas, APAC, and EMEA
- A thorough analysis of the market's competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of automotive tensioner companies
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