Report Code: A10343 | Pages: NA | Jul 2023 | 2263 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Timing Belt Market
Request Now !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, Â is estimated to boost the growth of the market over the forecast period.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast unit |  Value (USD) |
 Segments covered |  Type, Vehicle, Hybrid, and Component |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
 Companies covered | B&B Manufacturing, ContiTech, The Carlstar Group, Gates Corporation, J.K. Fenner Limited, ACDelco, Federal-Mogul Motorparts Corporation, Bando USA, Ningbo Fulong Synchronous Belt, MAHLE Aftermarket, and Tsubaki. |
COVID-19 scenario analysis:
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysisÂ
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.
The timing belt market trends are as follows:
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.
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.
Key segments covered:
Segments | Sub-segments |
 Type |
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 Vehicle |
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 Hybrid |
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 Component |
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Key benefits of the report:
Questions answered in the timing belt market research report:
Timing Belt Market Report Highlights
Aspects | Details |
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By Component |
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By Propulsion |
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By Vehicle Type |
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By Region |
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Key Market Players | Bando USA, ACDelco, Gates Corporation, B&B Manufacturing, ContiTech, MAHLE, Ningbo Fulong Synchronous Belt, Federal-Mogul Motorparts Corporation, J.K. Fenner Limited, The Carlstar Group |
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