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Allied Market Research

Timing Gear Market by Product Type (Camshaft Timing Gear, and Crankshaft Timing Gear), Engine Type (Inline Engines, and V – Engines), Sales Channel (OEM (Original Equipment Manufacturers), and Aftermarket), and Vehicle Type (Passenger Vehicles, Light Commercial, Vehicles, Heavy Commercial, and Off-Highway Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Sep 2021 | 132 Views
   
Author(s) : Sonia Mutreja
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COVID-19

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Timing Gear Market Outlook – 2030

The growth of the auto parts market is directly proportional to global auto production trends. Today's various valve timing technologies use to improve engines fuel efficiency and reduce emissions, making today's vehicles more environmentally friendly. The timing gear is a gear that rotates and transmits the movement of the crankshaft to the camshaft, and ultimately controls the opening and closing of the intake and exhaust valves. The timing gear is connected by chain or belt to the crankshaft at one end and camshaft at another end. The proper operation of an engine requires proper functioning of timing gear, as few degree lag can affect functioning of engine. Thus, an engine must be properly timed. Most of the modern automobile engines use timing belts or chains in order to synchronize camshaft and crankshaft rotation; some engines use gears as well to drive the camshafts directly. According to the engine's requirements, timing gears are highly customized in terms of design and size. Various factors such as implementation of Euro VI emission norms by various international bodies is pushing manufacturers on developing new valve timing related technologies. The growing production of automobiles across the globe, rising need of modern engines to improve the vehicle efficiency, adoption of stringent emission standards regarding fuel efficient engines and low emission levels, increasing demand of product replacement are some of the major impactful factors which will likely to uplift the growth of the timing gear market.

Market scope and structure analysis:

Report Metric

Details

 Market size available for years

 2020–2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

Product Type, Engine Type, Sales Channel, and Vehicle Type and Region

 Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), LAMEA (Latin America, 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, Dayco, and Ningbo Beidi Synchronous Belt.

 

COVID-19 Impact analysis

The vendors in automotive timing gear industry across the globe is being affected severely due to the restrictions on producers as well as the declared lockdowns which in turn is affecting the seat belt system manufacturers worldwide. As the governments all over the world have declared lockdowns over the past few months, the demand and supply cycle of many timing gear manufacturers is vulnerable. The pandemic has had a negative impact on the timing gear market size for the year 2020, a major deviation is noticed in the growth of automotive timing gear manufacturers due to coronavirus. Timing gear system is an evolving sector which is hampered due to an ongoing virus, because of which all type of production and installation across the affected countries had been shut down & all operations were disrupted due to the pandemic. Majority of automotive timing gear manufacturers are facing major issues such as closure of factories and unavailability of workforce due to the lockdowns which further affects the production of cars as well.

Top Impacting Factors

  • Technological development, replacement demands, and automobile production & requirements for modern engines are driving the growth of the market.
  • Replacement and R&D cost is expected to hamper the growth of the market.
  • Strict government regulation can be seen as an opportunity for the market investments.

The automotive timing gear market trends are as follows:

Technological development

Compared with the use of belt technology, the automobile timing chain reduces friction by 25%. In addition, the timing chain may last the entire life cycle of the vehicle and is more reliable than traditional belt technology in internal combustion engines. The demand for improved engine performance and fuel economy is driving the demand for automotive timing chains. The timing chain is an important component that helps improve vehicle performance and speed. Hence, automakers are preferring timing chains over belt technology. The research and development of lightweight, low-cost, and long-life timing gear is driving the growth of the global automotive timing gear market.

Strict government regulation

Government initiatives and new standards around the world are prompting automakers to improve fuel economy by reducing the weight of vehicles and parts. For example, the corporate average fuel economy (CAFÉ) standards in Europe and Asia Pacific are paving the way for vehicles with higher fuel economy. Reducing the weight of automobile engines to improve fuel economy is a key factor to promote the development of the automobile timing gear market.

Key segments covered:

Segments

Subsegments

 Product Type

  • Camshaft Timing Gear
  • Crankshaft Timing Gear

 Engine Type

  • Inline Engines
  • V – Engines

 Sales Channel

  • OEM (Original Equipment Manufacturers)
  • Aftermarket

 Vehicle Type

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Off-Highway Vehicles

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key benefits of the report:

  • This study presents the analytical depiction of the automotive timing gear market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive timing gear market.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the automotive timing gear market growth scenario.
  • The report provides a detailed automotive timing gear market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive timing gear market research report:

  • Which are the leading market players active in the automotive timing gear market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive timing gear market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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