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Automotive Belts Market is expected to exceed US$ 13,902.6 million in 2022 to reach US$ 20,473.5 million in 2032

Automotive Belts Market

Automotive belts are pulley-mounted power transmission belts that connect two parallel spinning shafts. The belt is looped onto these pulleys, which are fastened to the shafts. As a result, through these belts, power is smoothly transferred by friction from the driving shaft to the driven shaft.

According to an analysis by FMI, the worldwide automotive belts market is expected to grow at a CAGR of 3.9% during the projected decade. This is expected to surpass US$ 13,902.6 million in 2022 to reach US$ 20,473.5 million in 2032.

Timing belts are another application for automotive belts, which are used to coordinate the actions of engine valves via a camshaft. Automobile belts are made from materials including neoprene, chloroprene, and ethylene propylene diene monomer rubber and are often built as endless belts (EPDM rubber).

Depending on the task the belt must complete, the inner surface and cross-sectional area of the belt vary. The V-belt performs automotive operations such as power steering, air conditioning, water pumps, and alternator drive, whereas the toothed belt often performs valve timing through the camshaft.

Serpentine belts are a more recent type of automobile belt in which linkages through a shaft and pulley system carry out all automotive tasks, which are collectively referred to as engine accessories. In an automobile engine, this type of belt eliminates the need for many V-belts.

Key Players

  • Some of the major players identified in the Global Automotive Belts Market are
  • Gates Corporation
  • Midas International Corporation
  • Mitsuboshi Belting Ltd. Group
  • Helicord Transmissions Pvt. Ltd.
  • B&B Manufacturing
  • The Carlstar Group LLC
  • Continental AG
  • Bearings and Power Transmission Solutions
  • CRP Industries Inc.
  • BG Automotive
  • Hutchinson Group
  • Bando Chemical Industries Ltd.

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