Automotive Timing Belt Industry Global Market Size, Share, Trends Analysis 2018Posted by Abhijeet Bendre on November 21st, 2018 Automotive Timing Belt Market 2018 Global Industry Analysis by Drive Type (Dry Belts, Chain, Belt in Oil), Component (Idler Pulley, Sprocket, Tensioner, Timing Shield), Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Regions - Global Forecast To 2023. The key players of global automotive timing belt market are Continental (Germany), SKF (Sweden), BorgWarner (US), 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). In 2016, these companies accounted for a share of XX% of the global market. Global Automotive Timing Belt Market Highlights: Timing belt, also known as the timing chain is a component of the internal combustion engine of a vehicle. The main function of the timing belt is to synchronize the rotation of the camshafts so as to ensure the engine valves open and close at specific times. Automotive timing belt has been witnessing steady growth over a period of time. The boom in the automotive industry is expected to positively impact the automotive timing belt market. Rising popularity of motor sports resulting in increasing demand for diverse high-performance vehicles is expected to fuel the demand in the automotive timing belt market. The use of fiber-reinforced materials in the timing belt has widened the scope of the overall timing belt market. Rapidly rising rate of investment by major OEMs to intensify the strength and durability of the timing belt, is expected to positively impact the market for automotive timing belts. Technological advancements in the automotive industry has resulted in a shift in focus towards lightweight components. This has influenced timing belt manufacturers to gun for development of quicker and lighter timing belts for vehicles. Another major trend expected to propel the demand in the automotive timing belt market is the increasing rate of adoption of direct injection for automobiles. The report for Global Automotive Timing Belt Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. For more information on this Automotive Timing Belt Market – Global Market Report @ https://www.marketresearchfuture.com/reports/automotive-timing-belt-market-4929 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Info: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Pune, India., Like it? Share it! More by this author |