Post COVID-19 Market Estimates On Timing Belt Market - Global Forecast to 2025

Post

Market by Drive Type (Dry Belts, Chain, Belt in Oil), Component (Idler Pulley, Sprocket, Tensioner, Timing Shield/Cover), ICE & Hybrid (Passenger Car, Commercial Vehicle, HEV, PHEV), Aftermarket, and Region - Global Forecast to 2025

Date : 2020-11-21

Price Single User:
USD. 1250



Price Multiple User:
USD. 2100




The Timing Belt Market, in terms of value, is projected to grow at a CAGR of XX% from 2020 to 2025. The market is estimated to be USD XX Billion in 2019 and is projected to reach XX Billion by 2025. In this study, 2019 has been considered the base year, and 2020 to 2025 the forecast period, for estimating the market size of the global market.

 

OBJECTIVES OF THE STUDY

 

  • To define, describe, and forecast the Timing Belt Market in different segmentations
  • To forecast the market size in terms of value for various segments with respect to four main regions: North America, Europe, APAC, and RoW
  • To provide detailed information regarding the major factors influencing the growth of the Timing Belt Market (drivers, restraints, opportunities, and industry-specific challenges)
  • To provide a detailed overview of the value chain in the Timing Belt Market and analyze the market trends with Porter’s five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the Timing Belt Market
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments such as new product launches and developments; agreements and contracts; mergers and acquisitions; and expansions in the global Timing Belt Market

 

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

    4.1 Timing Belt Market Overview

    4.2 Market Share, By ICE Vehicle (2020)

    4.3 Market, By Hybrid Vehicle Type, 2020–2025

    4.4 Market, By Component, 2020 vs. 2025

    4.5 Market, By Region, 2020 vs. 2025

 

6 Global Market, By ICE Vehicle

    6.1 Introduction
    6.2 Passenger Vehicle
    6.3 Commercial Vehicle

 

7 Global Market, By Hybrid Vehicle Type
    7.1 Introduction
    7.2 Hybrid Electric Vehicle (HEV)
    7.3 Plug-In Hybrid Electric Vehicle (PHEV)

 

8 Global Market, By Component
    8.1 Introduction
    8.2 Tensioner
    8.3 Idler Pulley
    8.4 Timing Shield/Cover
    8.5 Sprocket

 

9 Global Market, By Region

     10.1 Introduction

     10.2 North America

     10.3 Europe

     10.4 Asia Pacific

     10.5 Rest of the World

 

10 Competitive Landscape

 

 

 

 

 

 

 

 

 

 

 

 

11 Company Profiles

(Business Overview, Products Offered, Recent Developments) *

     12.1 Continental

     12.2 Borgwarner

     12.3 Schaffler

     12.4 SKF

     12.5 Toyoda

     12.6 NTN

     12.7 Aisin

     12.8 Tsubakimoto

     12.9 Fenner

     12.10 Goodyear

*Business Overview, Products Offered, Recent Developments, Might Not Be Captured in Case of Unlisted Companies.

The global timing belt market was worth US$ XX Billion in 2019. A timing belt is a ribbed belt that is used to create a synchronisation between the crankshaft’s rotation and the engine valves so that the valves will open and close at an appropriate time. A timing belt is fixed under a timing cover situated in front of the engine. It is commonly manufactured out of high-quality rubber with nylon-reinforced cords inside to extend the life of the belt. A timing belt is also used to drive some additional components like water pump, oil pump, balance shaft, etc. which are also required to be synchronised with the crankshaft.

 

Rising sales of new automobiles along with an increasing demand from the replacement market is expected to catalyse the global demand of timing belts. Automobile sales have been strong in both developed and emerging markets after a period of sluggish growth in many regions as a result of the global economic slowdown. This has catalysed the demand of timing belts from the OEM segment.  Although OEM sales account for a major share of the global timing belt market, the bulk of the demand comes from the replacement segment. The size of the replacemet market for timing belts is significantly higher than the OEM market as most timing belts normally need to be replaced as part of regular maintenance every 60,000 to 100,000 miles. Europe and North America currently account for the bulk of the global timing belt market. The Asia pacific region, however, represents the fastest growing market catalysed by a strong growth in automobile sales in China, India, South Korea, Thailand, etc. Looking forward, we expect the global timing belt market to reach a value of US$ XX Billion by 2025, exhibiting a CAGR of XX% during 2020-2025.