Industry Background:
Automobile Synchronous Belt also known as Automobile timing belts, is a synthetic rubber belt which reinforced with fiber cords. It is a ribbed belt located in a specific configuration along one side of automobile engine to keep crank and camshafts timed properly. When the engine is on, the crankshaft transforms linear energy from the pistons into rotational energy. The rotating wheel pushes the timing belt and eventually the timing belt drives the two camshaft opens and closes the engine's valves to allow air and gas in and out of the engine. If the timing belt does not work well, the pistons and valves may crash, so it should replace regularly.This growth is primarily driven by Development in Aftermarket Segment
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
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 |
The Auto Parts & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Gates Corporation (United States), Dayco (United States), Mitsuboshi (Japan), Tsubakimoto (Japan), Bando (Japan), Hutchinson Group (France), ACDelco (United States), Arntz Optibelt Gmbh (Germany), SKF (Canada) and Daishan Heiner Rubber Belt Co. Ltd (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2022 Dayco teamed up with BMW Motorrad to provide belt drive technology for the CE 04 E-Scooter. It has a significant impact on the personal and urban mobility sectors.
On February 6, 2019 Dayco Products, LLC has announced the latest development to their race series of products, the Dayco Racing supercharger belt. Specifically engineered for Top Fuel dragsters and Funny Cars, Dayco Racing blower belt is engineered with carbon and designed specifically for supercharged nitromethane engines.
Influencing Trend:
Use of Thermally-Stable Materials for Producing Timing Belts and Increasing Use of Fiber-Reinforced Materials in Automotive Timing Belts
Market Growth Drivers:
Development in Aftermarket Segment and Increasing Demand for Automobiles
Challenges:
Damaged Sprockets Can Burn the Belt Material
Restraints:
Power Transfer Capacity Is Comparatively Less
Opportunities:
Infrastructure Development in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automobile Synchronous Belts Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automobile Synchronous Belts Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automobile Synchronous Belts players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automobile Synchronous Belts Study Sheds Light on
The Automobile Synchronous Belts Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automobile Synchronous Belts industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automobile Synchronous Belts industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.