The global automotive timing chain and belt market are estimated to reach 166,277,000 units by the end of 2027, up from 114,517,000 units in 2022. The market is expected to grow at a volume CAGR of 3.8 percent over the next five years. Global sales of automotive timing chains and belts were valued at US$ 6,754.7 million in 2022, according to a new study by Future Market Insights titled “Automotive Timing Chain & Belt Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2022–2027).” A rise in car production across key geographies is driving this growth.
Segmenting the Market
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Off-Highway Vehicles
Product type
- Chain
- Roller Chain
- Non-roller Chain
- Belt
- Dry Belt
Engine type
- Belt in Oil Engine Type
- Gasoline
- Inline Engine
- V-engine
Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Region
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- the Middle East and Africa (MEA)