Automotive Timing Belt Market Research Report – Global Forecast to 2030

Automotive Timing Belt Market Information Report Drive Type (Dry Belts, Chain, Belt in Oil), Component (Idler Pulley, Sprocket, Tensioner, Timing Shield), Vehicle Type (Passenger Vehicle and Commercial Vehicle) and by Regions - Global Forecast To 2030

ID: MRFR/AM/3498-HCR | February 2021 | Region: Global | 111 pages

Impact of COVID-19 on the Automotive Timing Belt Market


The increasing cases of COVID-19 have led to stringent measures being imposed by government authorities. Nationwide, partial, or complete lockdowns were forced by several emerging and developed countries to minimize the COVID-19 infection rates. The manufacturing of automotive components and the provision of services was restricted to permissible limits under the lockdowns. Several retail stores, along with e-commerce services, were shut down for the specified period. The following factors have severely impacted the global economy as well as the automotive market revenue. The production of automotive timing belts was abandoned, resulting in a huge demand and supply gap. The COVID-19 pandemic has disrupted the supply chains of multiple automotive timing belt manufacturers, in turn, affecting the global automotive industry. Several Companies are also facing liquidity issues that may result in the complete shutdown of their production facilities. However, companies with strong financial support continued with their manufacturing operations during the pandemic. The manufacturing of vehicles across the globe plays a vital role in generating the demand for automotive parts, including timing belts owing to their requirement during vehicle assembly and maintenance. The figure below shows the total car production in the U.S. that will significantly increase the automotive timing belts market share.


Car Production in the U.S., 2020 (Units in Million)


Source: Trade Economics


According to the MRF analysis, the increased chances of an economic recession in the coming year will put additional pressure on the automotive timing belts market players. Some of the key industry participants that are expected to account for large market shares in terms of revenue include Continental (Germany), SKF (Sweden), and BorgWarner (U.S.). The market is expected to recover in the Q1 of 2021. Manufacturers are expected to increase their production capacities with the stabilization of the market scenario over the projected timeframe. Moreover, International associations, including the Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), and Canadian Automobile Association (CAA), have provided measures and guidance for avoiding the spread of COVID-19, which will help support the market growth.

TABLE OF CONTENTS

1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF STUDY

1.3 RESEARCH OBJECTIVE

1.4 ASSUMPTIONS & LIMITATIONS

1.5 MARKET STRUCTURE:

2 RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

3 MARKET DYNAMICS

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 CHALLENGES

3.5 MACROECONOMIC INDICATORS

4 MARKET FACTOR ANALYSIS

4.1 PORTER’S FIVE FORCES MODEL

4.1.1 BARGAINING POWER OF SUPPLIERS

4.1.2 BARGAINING POWER OF CUSTOMER

4.1.3 INTENSITY OF COMPETITOR’S

4.1.4 THREAT OF NEW ENTRANTS

4.1.5 RIVALRY

5 AUTOMOTIVE TIMING BELT, BY VEHICLE TYPE

5.1 INTRODUCTION

5.1.1 PASSENGER VEHICLE

5.1.2 COMMERCIAL VEHICLE

6 AUTOMOTIVE TIMING BELT, BY TYPE

6.1 INTRODUCTION

6.1.1 DRY BELTS

6.1.2 AIRBAG

6.1.3 CHAIN

6.1.4 BELT IN OIL

7 AUTOMOTIVE TIMING BELT, BY COMPONENT

7.1 INTRODUCTION

7.1.1 IDLER PULLEY

7.1.2 SPROCKET

7.1.3 TENSIONER

7.1.4 TIMING SHIELD

8 AUTOMOTIVE TIMING BELT, BY REGION

8.1 INTRODUCTION

8.1.1 NORTH AMERICA

8.1.1.1 US

8.1.1.2 CANADA

8.1.2 EUROPE

8.1.2.1 GERMANY

8.1.2.2 FRANCE

8.1.2.3 UK

8.1.2.4 ITALY

8.1.2.5 SPAIN

8.1.2.6 REST OF EUROPE

8.1.3 ASIA PACIFIC

8.1.3.1 JAPAN

8.1.3.2 CHINA

8.1.3.3 INDIA

8.1.3.4 SOUTH KOREA

8.1.3.5 REST OF ASIA PACIFIC

8.1.4 MIDDLE EAST & AFRICA

9 COMPANY LANDSCAPE

9.1 INTRODUCTION

9.1.1 MERGERS ACQUISITIONS

9.1.2 COLLABORATIONS

9.1.3 RELEASE/NEW PRODUCT LAUNCHES

9.1.4 OTHER (EXPANSION, UPDATES, PARTNERSHIP)

10 COMPANY PROFILE

10.1 CONTINENTAL

10.1.1 COMPANY OVERVIEW

10.1.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

10.1.3 FINANCIALS

10.1.4 KEY DEVELOPMENTS

10.2 SKF

10.2.1 OVERVIEW

10.2.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

10.2.3 FINANCIALS

10.2.4 KEY DEVELOPMENTS

10.3 BORGWARNER

10.3.1 OVERVIEW

10.3.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

10.3.3 FINANCIALS

10.3.4 KEY DEVELOPMENTS

10.4 TSUBAKIMOT CHAIN

10.4.1 OVERVIEW

10.4.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

10.4.3 FINANCIALS

10.4.4 KEY DEVELOPMENTS

10.5 B&B MANUFACTURING

10.5.1 OVERVIEW

10.5.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

10.5.3 FINANCIALS

10.5.4 KEY DEVELOPMENTS

10.6 CARLSTAR.

10.6.1 OVERVIEW

10.6.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

10.6.3 FINANCIALS

10.6.4 KEY DEVELOPMENTS

10.7 CONTITECH

10.7.1 OVERVIEW

10.7.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

10.7.3 FINANCIALS

10.7.4 KEY DEVELOPMENTS

11 APPENDIX


LIST OF TABLES

TABLE 1 EUROPE AUTOMOTIVE TIMING BELT, BY REGION 2020-2027, ($ MILLION) 19

TABLE 2 EUROPE AUTOMOTIVE TIMING BELT FOR MINING, BY REGION 2020-2027, (MILLION) 19

TABLE 3 EUROPE AUTOMOTIVE TIMING BELT FOR MARINE, BY REGION 2020-2027, (MILLION) 20

TABLE 4 EUROPE AUTOMOTIVE TIMING BELT FOR WATERTREATMENT, BY REGION 2020-2027, (MILLION) 20

TABLE 5 EUROPE AUTOMOTIVE TIMING BELT FOR PHARMACEUTICAL, BY REGION 2020-2027, (MILLION) 20

TABLE 6 EUROPE AUTOMOTIVE TIMING BELT FOR CHEMICAL, BY REGION 2020-2027, (MILLION) 21

TABLE 7 EUROPE AUTOMOTIVE TIMING BELT FOR FOOD & BEVERAGES, BY REGION 2020-2027, (MILLION) 21

TABLE 8 EUROPE AUTOMOTIVE TIMING BELT FOR OIL & GAS, BY REGION 2020-2027, (MILLION) 21

TABLE 9 EUROPE AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, (MILLION) 22

TABLE 10 EUROPE AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, (MILLION) 22

TABLE 11 MIDDLE EAST AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, (MILLION) 23

TABLE 12 AFRICA AUTOMOTIVE TIMING BELT, BY TYPE, 2020-2027, (MILLION) 23

TABLE 13 EUROPE AUTOMOTIVE TIMING BELT 2020-2027, ($MILLION) 24

TABLE 14 EUROPE AUTOMOTIVE TIMING BELT, BY COUNTRY 2020-2027, ($MILLION) 25

TABLE 15 GERMANY AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 25

TABLE 16 GERMANY AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 26

TABLE 17 FRANCE AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 26

TABLE 18 FRANCE AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 26

TABLE 19 ITALY AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 27

TABLE 20 ITALY AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 27

TABLE 21 SPAIN AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 28

TABLE 22 SPAIN AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 28

TABLE 23 U.K. AUTOMOTIVE TIMING BELT, BY SECTOR 2011-20127, ($MILLION) 29

TABLE 24 U.K. AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 29

TABLE 25 SCANDINAVIA AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 30

TABLE 26 SCANDINAVIA AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 30

TABLE 27 BENELUX AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 31

TABLE 28 BENELUX AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 31

TABLE 29 REST OF EUROPE AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 32

TABLE 30 REST OF EUROPE AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 32

TABLE 31 MIDDLE EAST AUTOMOTIVE TIMING BELT, BY COUNTRY 2020-2027, ($MILLION) 33

TABLE 32 SAUDI ARABIA AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 34

TABLE 33 SAUDI ARABIA AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 34

TABLE 34 UAE AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 35

TABLE 35 UAE AUTOMOTIVE TIMING BELT, BY TYPE 2020-2027, ($MILLION) 35

TABLE 36 KUWAIT AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 36

TABLE 37 KUWAIT AUTOMOTIVE TIMING BELT, BY VALVE 2020-2027, ($MILLION) 36

TABLE 38 QATAR AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 37

TABLE 39 QATAR AUTOMOTIVE TIMING BELT, BY VALVE 2020-2027, ($MILLION) 37

TABLE 40 REST OF MIDDLE EAST AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 38

TABLE 41 REST OF MIDDLE EAST AUTOMOTIVE TIMING BELT, BY VALVE 2020-2027, ($MILLION) 38

TABLE 42 AFRICA AUTOMOTIVE TIMING BELT, BY COUNTRY 2020-2027, ($MILLION) 39

TABLE 43 SOUTH AFRICA AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 40

TABLE 44 SOUTH AFRICA AUTOMOTIVE TIMING BELT, BY VALVE 2020-2027, ($MILLION) 40

TABLE 45 NIGERIA AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 41

TABLE 46 NIGERIA AUTOMOTIVE TIMING BELT, BY VALVE 2020-2027, ($MILLION) 41

TABLE 47 ALGERIA AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 42

TABLE 48 ALGERIA AUTOMOTIVE TIMING BELT, BY VALVE 2020-2027, ($MILLION) 42

TABLE 49 REST OF AFRICA AUTOMOTIVE TIMING BELT, BY SECTOR 2020-2027, ($MILLION) 43

TABLE 50 REST OF AFRICA AUTOMOTIVE TIMING BELT, BY VALVE 2020-2027, ($MILLION) 43


LIST OF FIGURES

FIGURE 1 SUPPLY CHAIN: AODD PUMPS 16

FIGURE 2 PORTERS FIVE FORCES 17