Automotive Timing Belt Market: Opportunity Analysis and Industry Forecast upto 2025
The timing belt or timing chain or cam belt is a belt with teeth on the inside surface. It is a component of a vehicle’s internal combustion engine and is invisible from outside. In internal combustion engines, timing belts control the opening and closing of engine’s valves and synchronizes the rotation of a crankshaft or cam shafts. If the timing belt is not replaced at proper intervals it will cause vehicle’s engine to damage. The market is segmented into original equipment (OE) type and aftermarket type. By vehicle type the market is classified into passenger vehicles, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). The share of passenger vehicles is more the share of commercial vehicles. By geography the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is a major automotive timing belt market. The U.S. is the dominant market in the region as is the second largest automotive and passenger vehicle market in the world. Canada and Mexico are other major markets in North America. Europe is another major automotive timing belt market. In North America in the automotive timing belt market the market share of commercial vehicles is more than passenger vehicles. Obtain Report Details @ http://www.transparencymarketresearch.com/automotive-timing-belt-market.html Germany is the largest market in this region as it is the largest automotive market in Europe and its passenger vehicle market is fourth largest in the world. The U.K, France, Italy, Spain, Belgium, Sweden and Netherlands are other major markets in Europe. Asia Pacific is one of the largest automotive timing belt market. China is the largest market in this region as it is the largest automotive and passenger vehicle market in the world. Japan and India and significant markets in this region as they are third and fifth largest passenger vehicle markets in the world respectively.
Rising demand of interference engines in sports utility vehicles (SUVs), sports vehicles among others is anticipated to increase the demand of automotive timing belts. Rising production of vehicles is also anticipated to increase the demand for automotive timing belts. An opportunity for the automotive timing belt market is the rising demand of fuel efficient and low emission electric and hybrid electric vehicles across the world. Major automotive manufacturers such as Volvo Car Corp., BMW AG and Daimler AG intends to increase its production and sale of electric vehicles. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27365 The report highlights the various competitive strategies adopted by key players operating in the market to gain market share. Company profiles include company details, market presence by geography and segments, strategic overview, SWOT analysis and historical revenue. The report also contains details of market share analysis of key players in the market. The major manufacturing firms operating in the automotive timing belt market are B&B Manufacturing (the U.S.), The Carlstar Group LLC (the U.S.), CRP Industries Inc. (the U.S.), J.K. Fenner (India) Limited (India), Gates Corporation (the U.S.), ACDelco (the U.S.), Bando USA (the U.S.), Federal-Mogul Corporation (the U.S.), Dayco Products LLC (the U.S), The Goodyear Tire & Rubber Co. (the U.S), Ningbo Beidi Synchronous Belt Co. Ltd. (China), Ningbo Fulong Synchronous Belt Co. Ltd. (China), SKF Group (Sweden),
Tsubakimoto Chain Co. (Japan)
and MAHLE Aftermarket Inc. (the U.S.). The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings
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