What is Automotive Pulley Market?
The automotive pulley is designed to support the movement of power steering, air conditioning, and the alternator. It protects the car battery from draining. Automotive pulley market is growing owing to increasing government initiative for the safety standards with regard to automotive. Further, increasing production of the vehicle, increasing demand from the developing economies due to increasing disposable income, and technological development in the breaking system expected to drive the demand for automotive pulley market over the forecasted period.
Highlights from Automotive Pulley Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bosch (Germany), Acdelco (United States), Skf (Sweden), Dayco (United States), Diemolding (United States), Engineered Sintered Components (United States), Zhejiang Linhai Dongxing Autoparts Co., Ltd. (China), Fujian Howard Spinning Technology Co., Ltd (China) and Wenzhou Nanya Automobile Accessories Co., Ltd (China) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Automotive Pulley market throughout the forecasted period.
Bosch (Germany), Acdelco (United States), Skf (Sweden), Dayco (United States), Diemolding (United States), Engineered Sintered Components (United States), Zhejiang Linhai Dongxing Autoparts Co., Ltd. (China), Fujian Howard Spinning Technology Co., Ltd (China) and Wenzhou Nanya Automobile Accessories Co., Ltd (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are CME Autoparts CO., LTD. (China) and Gates Corporation (United States). Automotive Pulley Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Vehicles and Commercial Vehicles |
Type | Single Belt Groove Drive and Multiple Belt Grooves Drive |
Distribution Channel | Online Retail,Offline Retail |
On the basis of geography, the market of Automotive Pulley has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for High-Quality Automotive Pulleys and Technological Advancement in the Automotive Industry
Market Growth Drivers:
Growth in Automotive Sales and Increases Mechanical Efficiency of the Vehicles
Challenges:
Lack of Awareness in the Emerging Countries
Restraints:
Stringent Government Regulations for Automotive Part Manufacturing
Opportunities:
Increasing Demand of Automotive Pulleys As It Reduces Overall Maintenance Cost of Vehicle and Increasing Demand from the Developing Countries Owing To Growth in Vehicle Production
Key Target Audience
Automotive pulleys Manufacturers, Automotive pulleys Distributors and Suppliers, Market Research and Consulting Firms, Potential Investors, Research Laboratories, Government Agencies and Others
Market Leaders & Development Strategies
In Sept 2020 - Strategic partnership: Bosch and SAP aim to simplify corporate processes with a new standard and In Nov 2020 - SKF has announced a consolidation and restructuring of various manufacturing, business, and administrative functions in France.
In May 2023, Dayco has a rich history in the global design and manufacture of propulsion products for automotive, heavy-duty and industrial markets. The offering has been expanded with the recent addition of the company's Alternator Decoupler Pulley (ADP). Dayco's premium alternator decouplers (also referred to in the industry as overrun alternator decouplers) will serve the world's leading alternator suppliers and ultimately vehicle manufacturers. To support this important business award, Dayco will begin production of high-performance ADPs at its state-of-the-art facility in China by mid-2024.