Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Automotive Timing Belt Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Automotive Timing Belt Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Automotive
Timing Belt Market is offered.
Market
Insights:
In accordance with the report, the Automotive Timing Belt
Market is projected to expand at a CAGR of 5.18% over the period
of forecast. The global Automotive
Timing Belt Market was valued at USD XX.X Mn in 2019 and is expected to reach
USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. The arrival of new and different items is one of the key variables that
will fuel market expansion throughout the course of the current projection
period and aid in accelerating the market's post-pandemic recovery. The
market's products have qualities including being resistant to weight and being
corrosion-free. This significantly contributes to the lengthening of the
product lifespans made available to the target market. This is probably going
to provide the quantity of vehicle timing belts produced a higher level of
significance. By the conclusion of the projection period in 2031, all these
factors are projected to propel the market towards positive growth. The APAC
region is dominating this level of competition in the automotive timing belt
market. The population of the APAC region has increased significantly, followed
by a rise in consumer disposable income and then a growth in automobile ownership.
The region's development of this market segment is being driven by the high
level of HEV production and acceptance. Additionally, the North American region
is anticipated to significantly improve. The market in the North American
region is projected to benefit from the high vehicle parc and average miles
driven by the cars. With 9% and 5.6%, respectively, Mexico and Canada have the
highest contributions.
Research
Methodology:
To compile
the detailed study of the global Automotive
Timing Belt Market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Automotive Timing Belt Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Automotive Timing Belt Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Automotive Timing Belt Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Automotive Timing Belt Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Automotive Timing Belt Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Automotive
Timing Belt Market, By Drive Type, 2022-2031 (USD Million)
·
Dry Belts
·
Chain
·
Belt In Oil
Automotive
Timing Belt Market, By Component, 2022-2031 (USD Million)
·
Idler Pulley
·
Sprocket
·
Tensioner
·
Timing Shield
Automotive
Timing Belt Market, By Vehicle Type, 2022-2031 (USD Million)
·
Passenger
Vehicle
·
Commercial
Vehicle
Report
Highlights:
The prime objective of the Automotive Timing
Belt Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Automotive
Timing Belt Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Automotive
Timing Belt Market:
·
Continental
(Germany)
·
SKF (Sweden)
·
BorgWarner
(US)
·
Tsubakimoto
Chain (Japan)
·
Research
institutes such as Japan Automobile Manufacturers Association (JAMA)
·
European
Automobile Manufacturers Association (ACEA)
·
Canadian
Automobile Association (CAA)
·
Korea
Automobile Manufacturers Association (KAMA)
Automotive
Timing Belt Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry