Industry Background:
Engine belts are used in vehicles for power transmission purposes. A car engine has a number of mechanical accessories attached to it, like an alternator, a water pump, a power steering pump, and an air conditioner compressor. An engine belt is the part that drives all these accessories. An increase in the production volume of passenger and commercial vehicles across the world is expected to boost the car engine belt market over the forecast period.
The Global Car Engine Belt market presents a comprehensive analysis of the Car Engine Belt market by product type (Fan Belt, Poly V-belt and Timing Belt), by end-user/application (Cams, Water Pump, Generator, Air Condition Compressor and Power Steering Pump), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Dayco (United States), Bosch (Germany), Ford (United States), Gates (United States), Optibelt (United States), Contitech (Germany), Forbo Movement Systems (Germany), Habasit (Switzerland), Hutchinson (France) and Mitsuboshi Belting (Japan). Additionally, other players that are part of this comprehensive study are Sanlux (China), Kingland (China), Taizhou Fuju Rubber Belt Manufacture Co.,Ltd. (China) and Knox Motors (United Kingdom).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Dayco (United States), Bosch (Germany), Ford (United States), Gates (United States), Optibelt (United States), Contitech (Germany), Forbo Movement Systems (Germany), Habasit (Switzerland), Hutchinson (France) and Mitsuboshi Belting (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Use of thermally-stable materials for producing engine belts
Market Growth Drivers:
Increase in production volume of passenger and commercial vehicles worldwide and Rise of direct injection engines to fuel the demand for timing chains
Challenges:
Large unorganized aftermarket for engine belts
Restraints:
Increasing demand for Battery Electric Vehicles (BEVs)
Opportunities:
Shift from dry belt to belt-in-oil engine system
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Car Engine Belt industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the Asia Pacific holds majority of market share of the Car Engine Belt, the North America has emerged as a crucial market for several Car Engine Belt brands.
The Material, such as Rubber, is boosting the Car Engine Belt market and is anticipated to experience a steady growth during the forecast period.
The End user, such as Commercial Vehicle, is boosting the Car Engine Belt market and is anticipated to experience a steady growth during the forecast period.
The players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions worldwide to avail competitive advantage through combined synergies
The regional segmentation covered in this report are:
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)