Automotive Timing Belt Market by End-user, Vehicle Type, and Geography - Forecas
Posted by sarahbennu on February 27th, 2020
The automotive timing belt market size has the potential to grow by 33.31 million units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (OEMs and aftermarket), vehicle type (passenger vehicles and commercial vehicles), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including AB SKF, Aisin Seiki Co. Ltd., B&B Manufacturing, Continental AG, Gates Industrial Corp. Plc, General Motors Co., MAHLE GmbH, Schaeffler AG, The Carlstar Group LLC, and The Goodyear Tire & Rubber Co.
Market Competitive Analysis
The market is fragmented. General Motors Co., MAHLE GmbH, Schaeffler AG, The Carlstar Group LLC, and The Goodyear Tire & Rubber Co. are some of the major market participants. Although the increasing demand for high-performance vehicles will offer immense growth opportunities, the emergence of GDI engines will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this automotive timing belt market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this automotive timing belt market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
Automotive Timing Belt Market: Segmentation by Region
APAC was the largest automotive timing belt market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growth of the automotive market will significantly drive automotive timing belt market growth in this region.
Almost 58% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive timing belts in APAC. Market growth in this region will be slower than the growth of the market in South America and MEA.
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About the Authorsarahbennu
Joined: July 1st, 2019
Articles Posted: 259
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