info@marketresearchfuture.com   ūüďě  +1 (855) 661-4441(US)   ūüďě  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Automotive Timing Belt Market Research Report Information By 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 | 111 Pages | Author: Swapnil Palwe| June 2024

Automotive Timing Belt Market Overview


The automotive timings belt market size is expected to worth USD 5900 Million by 2030. During the ongoing forecast period of 2022-2030, the global automotive timing belt market is expected to rise at a CAGR of 5.2%. There has been a substantial rise in the demand and production of vehicle production followed by an increase in the rising degree of adoption of direct injections. These factors are likely to help the market with a positive impact and expand by the end of the forecast period of 2030.


Market Dynamics


Drivers


One of the major factors that will drive the growth for the market during the ongoing forecast period and help in improving the recovery speed of the market post the pandemic is that new and variant products are on the way. The market products have features like being weight resistant and free from any kind of corrosion. This has a major role to play in escalating the lifespan of the products offered by the market to the target audience. This is likely to give a higher degree of importance to the production quantum of the automotive timing belts. All these factors are likely to push the market towards positive growth by the end of the forecast period in 2030. 


Restraints


But, there are restrictions on the way of the global growth of the market as well. One of the major issues that are being faced by the market is the variation in disposable income which hampers the purchasing power of the target audience. The subsequent result of this is that there is a decline in the probable market demand that will impact the ability of the market to maintain equilibrium amongst the demand and supply.


Technology Analysis


The automotive timing belt market trends show that the manufacturers and the OEMs are on the way to exploring various research and development activities. These activities are being undertaken to intensify the degree of durability and life span of these belts since they have been put to use. The new products that are being introduced are made up of fiber-reinforced materials. These materials are inclusive of glass fiber that is known to have a greater strength-to-weight ratio. This fact is likely to target similar needs of the target audience and hence, has positive attributes in store for the market during the forecast period that ends in 2030.


Study Objectives



  • The market report aims to highlight the important factors and scenarios prevailing worldwide that will help in stimulating the market growth during the forecast period. Also, to understand the dynamic market factors like drivers and opportunities that will help the market and the possible restraints that might challenge the market working during the forecast period that will be ending in 2030.

  • The market report helps in gaining meaningful market insights that help in understanding the basis of the global market segmentation that will help in catering to the rising needs of the target audience during the period. Also, the market segments will help in increasing the market’s chances of reaching the predicted market revenue by the end of the period.

  • To understand the reason behind the rising market competition and the efforts of the market like mergers and acquisitions, collaborations, and joint ventures along with the recent developments that will help the market attain excellent growth during both the regional and the international market scale during the forecast period that will end in 2028.


Segment Overview


The automotive timing belt market value is expected to rise during the forecast period that ends in 2030 is because of the growing productivity of the market segments in the global market scenario. The market has been segmented based on the following factors:


Based on the drive type


The driver-type segment includes dry belts, belt-in-oil, and chains.


Based on the ICE vehicle


The market segment includes commercial and passenger vehicles.


Based on the hybrid vehicle type


The global market deals in functions like hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV).


Based on the market components


The market is inclusive of components like a sprocket, idler pulleys, timing shields and covers, and tensioners amongst others.


Based on the geographical regions


The market has been divided into 4 major mushrooming regions across the globe. The regions are APAC, the North American region, the European nations, and the rest of the world (RoW).


Regional Analysis


The automotive timings belt industry is witnessing huge competition and the APAC region is acing this degree. There has been a huge rise in the population of the APAC region followed by an increase in the rising consumer disposable income followed by vehicle ownership. There has been a high degree of production and adoption of HEVs which is leading the development of this segment in the region.


Also, the North American region is showing signs of great improvement during the forecast period. The high vehicle parc and average miles that have been driven by the vehicles are likely to have positive attributes for the market in the North American region. Mexico and Canada have the highest contributions that amount to 9% and 5.6%.


Competitive Landscape


The rising degree of competition can be understood by having an idea about the prominent market players. The key players for automotive timing belt market are as follows:



  • B&B Manufacturing

  • Ningbo Fulong Synchronous Belt

  • ContiTech

  • MAHLE Aftermarket

  • Federal-Mogul Motorparts Corporation

  • Bando USA

  • The Carlstar Group

  • Ningbo Beidi Synchronous Belt

  • Gates Corporation

  • K. Fenner Limited

  • ACDelco

  • Dayco

  • Goodyear SKF

  • Tsubaki


Recent Developments



February 2024: Dayco has joined hands with the ‘Extra’ Loyalty Program. eXtra is a multi-brand loyalty program for auto mechanics where they can shop, earn and spend points, without having to collect boxtops or keep track of sales.


eXtra is a multi-brand loyalty offering geared toward automotive repair shop owners that allows them to buy, earn and redeem points without cutting box tops and tracking sales. According to Dayco, it has 17,000 participating shop owners in Canada and the United States who are growing by leaps and bounds.


The following are some of the Dayco products available through the eXtra program:


Serpentine Belt Kits – These kits have all necessary component parts as well as OE quality flat spring technology tensioners & permanently lubricated bearing pulleys that help decrease vibration and prolong belt life. They also contain a serpentine belt from Dayco with an extensive range of motion and longer lifespan.


Timing Belt Water Pump Kits – The company explained that these kits are designed for replacing worn or damaged timing belts, tensioners, idler pulleys & water pumps (with/without water pumps). Kits are application-specific ensuring part accuracy, time saving & durable performance. There are also high wear-resistant belts of original quality, with very narrow variations in dimensional tolerances between idler pullies & tensioner resistant against crack development or fatigue. Kits serve both time saving purposes and performance enhancement on cars.


Timing Chain Kits – In addition to “timing chains that don’t stretch…,” top-of-the-line crank sprockets/car sprockets are precision machined so that there is no play between them while fitting perfectly with tensioners; besides this there would be high grade plastic guides inside also seals vvt solenoids cam phasers if called for by application.


Water Pumps – From Dayco’s premium mechanical-aluminum/iron castings new metal impellers, roller bearings and premium seals are used. Its line of electric water pumps offers direct fit bolt-on replacement for metal impellers and corrosion resistant bearings.



Intended Audience



  • Automotive associations and organizations

  • Timing belt kit distributors and manufacturers

  • Timing chain manufacturers

  • Tensioner pulley and idler pulley manufacturers

  • OEMs

  • Timing belt kits raw material suppliers

  • OES and independent aftermarket suppliers


Report Overview


The report aims to have a basic understanding of the prevailing trends in the market. The report highlights the attractiveness of the multiple market segments in the forecast period that will help in enhancing the demand degree of the market during the period. The report features both a qualitative and quantitative assessment and judgment of the available data for the market that has been put forward by the market leaders and industry analysts. Also, the technical analysis is covered that will help the market focus on its research and development goals.

Report Attribute/Metric Details
  Market Size   2030: USD 5900 Million
  CAGR   CAGR 5.2% (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Drive Type, Component and Vehicle Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Continental (Germany), SKF (Sweden), BorgWarner (US), , and Tsubakimoto Chain (Japan), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA)
  Key Market Opportunities   Increasing demand for diverse high performance vehicles
  Key Market Drivers  Increasing rate of adoption of direct injection for automobiles  Increase in demand for automotive timing belt market


Frequently Asked Questions (FAQ) :

The market is expected to rise at a CAGR of 5.2% during the forecast period and by the end of the period in 2030, the market is expected to reach a final market value worth USD 5900 Million by 2030.

The APAC region market is expected to rule the market operations.

The market is witnessing 3 prominent players namely - Dayco, The Carlstar Group, and Bando USA.

The primary function of an automotive timing belt is synchronizing the rotation of the camshafts, thus ensuring that the engine valves are able to open and close at certain times.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.