Automotive Timing Belt Industry Global Outlook To 2023

Posted by Abhijeet Bendre on February 5th, 2019

Automotive Timing Belt Market 2019 - Global Industry Forecast To 2023 report, provides comprehensive information on Global Automotive Timing Belt Industry, Global 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 2023.

Key Companies in Automotive Timing Belt analyzed are for market analysis are: The key players of global automotive timing belt market are 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).

Automotive Timing Belt Global Market Overview:

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.

Established automotive industry in Europe aids the growth and development of the automotive timing belt market in this region. Rising vehicle product is a key factor driving the market in Europe coupled with extensive research and development activities being carried out to ensure high quality product being delivered to the customers.

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. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Abhijeet Bendre

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Abhijeet Bendre
Joined: February 20th, 2018
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