The worldwide automotive timing chain and belt market was fixed at 114,517 ‘000 units in 2022 and is relied upon to arrive at 166,277 ‘000 units before the finish of 2027. The market is projected to increment at a volume CAGR of 3.8%. As per another report by Future Market Insights named “Car Timing Chain and Belt Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2022-2027),” worldwide deals of auto timing chains and belts was esteemed at US$ 6,754.7 Mn in 2022 and is projected to increment at a CAGR of 4.2% over the conjecture period to be esteemed at US$ 10,209.9 Mn by 2027. This development is essentially determined by an increment in vehicle creation across key topographies.
Worldwide Automotive Timing Chain and Belt Market: Dynamics
- Metropolitan strategic control expands the interest for auto belts and chains
- Developing life expectancy of utilized autos to help the car post-retail deals of auto timing frameworks
- Shift of part makers’ concentration towards existing open doors in Eastern Europe is driving extension of the neighborhood creation base
- Examination, advancement and development of auto time/chain parts is a key development driver
Worldwide Automotive Timing Chain and Belt Market: Forecast side-effect Type
Based on item type, the worldwide auto timing chain and belt market is sectioned into chain, roller chain, non-roller chain, belt, dry belt, and belt in oil. Belt, trailed by the chain fragment, stays rewarding and will rule market interest over the estimate time frame, essentially because of the way that these items offer longer life and effective activities continuously working circumstances in all vehicle types.
Worldwide Automotive Timing Chain and Belt Market: Forecast by Vehicle Type
Based on vehicle type, the worldwide auto timing chain and belt market is divided into traveler vehicle, LCV, HCV, and off interstate vehicle. The traveler vehicle section is expected to arise as a crafty portion because of the developing customer inclination for cutting edge and more effective planning chains and belts.
Worldwide Automotive Timing Chain and Belt Market: Forecast by Engine Type
Based on motor sort, the worldwide auto timing chain and belt market is sectioned into gas and diesel. By motor sort, as far as volume, fuel motor is relied upon to stay the most alluring portion in the worldwide auto timing chain and belt market over the figure time frame, developing at a volume CAGR of 3.7%.
Worldwide Automotive Timing Chain and Belt Market: Forecast by Sales Channel
Based on deals channel, the worldwide car timing chain and belt market is sectioned into OEM and reseller’s exchange. The OEM section is expected to acquire noticeable piece of the pie during the estimate time frame as OEM deals are straightforwardly relative to the creation pace of vehicles all around the world. Besides, the expanding creation of vehicles in the arising economies in Latin America and MEA is probably going to drive the interest for auto timing chains and belts.
Key Players
Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Industry Limited, CIC USA Corp, KCM Automobile Transmission Co. Ltd., and Mahle GmbH.
