Timing Belt Market Report, Industry Trends, Growth, Share, Size, Region and Forecast Till 2024

1. GlobalTiming Belt Market Share, Size, Growth, Trends and Forecast Till 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Timing Belt Market Report By Drive Type (Dry Belts, Chain and Belt in Oil ), Component (Tensioner, Idler Pulleys, Timing Shield/Cover and Sprocket), Distribution Channel, Vehicle Type, Region Over the past few years, the global timing belt market has witnessed moderate growth. This can be accredited to the growing automotive industry along with the introduction of variants reinforced with fiberglass. Market Overview: According to the latest report by IMARC Group, titled “Timing Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global timing belt market reached a value of US$ 6.3 Billion in 2018. A timing belt is a part of an engine that is used to create sync between the rotation of the crankshaft and camshaft. It aids in opening and closing engine valves during the intake and exhaust strokes of each cylinder. It is a synthetic rubber strap consisting of fiber strands that offer strength and nylon-reinforced cords that assist in extending its lifespan. It also comprises teeth on the inner surface which fit into the grooves on the end of the camshaft and crankshaft to avoid slipping. Apart from being used in automobiles, it is also employed in water and oil pumps and balance shafts.

4. Report Description and Highlights Report Description • Market Trends: • Rising sales of new automobiles owing to escalating global population and inflating income levels is catalyzing the demand for automotive timing belts. Moreover, these belts require frequent replacement as their expected lifespan is approximately 60,000 and 100,000 miles. Consequently, there is a proliferating demand for these belts from the replacement segment. Apart from this, manufacturers are continually investing in research and development activities in order to introduce improved variants. For instance, the newly launched timing belts come with fiber-reinforced materials containing glass-fiber which offers relatively more durability, strength and corrosion resistance. Owing to the aforementioned factors, the global market is estimated to reach a value of US$ 8.8 Billion by 2024, expanding at a CAGR of 5.6% during 2019-2024. • Timing Belt Market Segmentation: • Market Segmentation by Drive Type • Dry Belts • Chain • Belt in Oil • Request for a sample report: https://www.imarcgroup.com/timing-belt-market/requestsample

5. Market Forecast Sample Figure: Global: Timing Belt Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • On the basis of the drive type, the market has been divided into dry belts, chains and belt in oil. Amongst these, belt in oil type represents the most popular drive type. • Market Segmentation by Component • Tensioner • Idler Pulleys • Timing Shield/Cover • Sprocket • Based on the component, tensioner holds the dominant market share. Other major segments include idler pulleys, timing shield/cover and sprocket. • Market Segmentation by Distribution Channel • OEM • Aftermarket • For more information, click here: https://www.imarcgroup.com/timing-belt-market

7. Market Segmentation Report Description • Based on the distribution channel, the market has been bifurcated into OEM and aftermarket. Presently, OEM represents the most popular distribution channel for timing belts. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • On the geographical front, the market has been classified into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Among these, Asia Pacific and North America are the major markets for these belts. • Market Segmentation by Vehicle Type • Passenger Vehicle • Commercial Vehicle

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • On the basis of the vehicle type, the market has been bifurcated into passenger and commercial vehicles. Currently, passenger vehicles account for the majority of the total market share. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • B&B Manufacturing • ContiTech • The Carlstar Group • Gates Corporation • J.K. Fenner Limited • ACDelco • Federal-Mogul Motorparts Corporation • Bando USA • Dayco • Ningbo Beidi Synchronous Belt • Goodyear SKF • Ningbo Fulong Synchronous Belt • MAHLE Aftermarket

10. Market Segmentation Report Description • Tsubaki • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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14. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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