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Automotive Timing Chain & Belt Market Will Register a CAGR of 4.2% Through 2027

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News provided by

Future Market Insights

12 Feb, 2018, 14:45 GMT

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VALLEY COTTAGE, New York, February 12, 2018 /PRNewswire/ --

The global automotive timing chain and belt market was pegged at 114,517 '000 units in 2017 and is expected to reach 166,277 '000 units by the end of 2027. The market is projected to increase at a volume CAGR of 3.8%. According to a new report by Future Market Insights titled "Automotive Timing Chain & Belt Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)," global sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2017 and is projected to increase at a CAGR of 4.2% over the forecast period to be valued at US$ 10,209.9 Mn by 2027. This growth is primarily driven by an increase in vehicle production across key geographies.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Global Automotive Timing Chain & Belt Market: Dynamics 

  • Urban logistic control increases the demand for automotive belts and chains
  • Growing lifespan of used automobiles to boost the automotive aftermarket sales of automotive timing systems
  • Shift of component manufacturers' focus towards existing opportunities in Eastern Europe is driving expansion of the local production base
  • Research, development and innovation of automotive time/chain components is a key growth driver

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6132

Global Automotive Timing Chain & Belt Market: Forecast by Product Type 

On the basis of product type, the global automotive timing chain and belt market is segmented into chain, roller chain, non-roller chain, belt, dry belt, and belt in oil. Belt, followed by the chain segment, remains lucrative and will dominate market demand over the forecast period, primarily due to the fact that these products offer longer life and efficient operations in real-time working conditions in all vehicle types.

Global Automotive Timing Chain & Belt Market: Forecast by Vehicle Type 

On the basis of vehicle type, the global automotive timing chain and belt market is segmented into passenger car, LCV, HCV, and off highway vehicle. The passenger car segment is anticipated to emerge as an opportunistic segment due to the growing consumer preference for advanced and more efficient timing chains and belts.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you https://www.futuremarketinsights.com/askus/rep-gb-6132

Global Automotive Timing Chain & Belt Market: Forecast by Engine Type 

On the basis of engine type, the global automotive timing chain and belt market is segmented into gasoline and diesel. By engine type, in terms of volume, gasoline engine is expected to remain the most attractive segment in the global automotive timing chain and belt market over the forecast period, growing at a volume CAGR of 3.7%.

Global Automotive Timing Chain & Belt Market: Forecast by Sales Channel 

On the basis of sales channel, the global automotive timing chain and belt market is segmented into OEM and aftermarket. The OEM segment is anticipated to gain prominent market share during the forecast period as OEM sales are directly proportional to the production rate of vehicles globally. Moreover, the increasing production of vehicles in the emerging economies in Latin America and MEA is likely to propel the demand for automotive timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Region 

APEJ is a prominent regional market and is anticipated to dominate the global demand for automotive timing chains and belts, followed by Western Europe. Noteworthy increase in sales in markets such as China, India, Mexico and Turkey among others is expected during the forecast period.

View Report Preview at Automotive Timing Chain & Belt Market Segmentation By Vehicle Type - Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Off Highway Vehicles; By Engine Type - Gasoline (Inline Engine, V-Engine), Diesel (Inline Engine, V-Engine); By Sales Channel - Original Equipment Manufacturer (OEM), Aftermarket: https://www.futuremarketinsights.com/reports/automotive-timing-chain-belt-market

Global Automotive Timing Chain & Belt Market: Key Players 

Some of the key players operating in the global market for automotive timing chains and belts include Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Industry Limited, CIC USA Corp, KCM Automobile Transmission Co. Ltd., and Mahle GmbH.

Automotive & Transportation Market Insights

More from FMI's Cutting-edge Intelligence: 

India Automotive Stamping Market Segmentation By Stamping - Hot Stamping, Cold Stamping; By Vehicle - Two-Wheeler, Three-Wheeler, Passenger Car, Commercial Vehicle; By Material - Steel, Aluminium, Others; By Process - Progressive Die Stamping, Tandem Stamping, Transfer Stamping; By Product - Body Stamping (BIW Parts, Chassis), Non-Body Stamping (Engine Parts, Electrical Parts, Braking and Suspension Parts): https://www.futuremarketinsights.com/reports/india-automotive-stamping-market

Automotive Wires Market Segmentation Material Type - Copper(Oxygenic Copper Pure Copper (Oxygen Free), Copper Silver (CuAg), Copper, Magnesium (CuMg), Copper Tin (CuSn)), Aluminium, Others (Nickel, etc); Application - Chassis and Safety(Conventional Chassis, Semi-forward Chassis, Full-forward Chassis), Body(Facia, Roof, Door & Window, Seat, Interior); Heating Ventilation & Air conditioning (HVAC)(Engine, Sensors); Vehicle Type - Conventional Fuel Vehicles(Passengers, Vehicle, Commercial, Vehicle: https://www.futuremarketinsights.com/reports/automotive-wires-market

Automotive Brake System & Components Market Segmentation by Sales Channel - OEM (Drum Brake, Disc Brake), Aftermarket( Brake Booster, Master Cylinder, Drum Brake(Drum, Brake Shoe, Wheel Cylinder)), Disc Brake(Rotor, Caliper, Brake Pad); By Vehicle Type - Passenger Car, LCV, HCV: https://www.futuremarketinsights.com/reports/automotive-brake-system-and-components-market

ABOUT US: 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:  
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T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremrketinsights.com
FMI Blog: http://www.fmiblog.com/

Website: www.futuremarketinsights.com

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