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Global Automotive Belt Market 2017-2021

Global Automotive Belt Market 2017-2021

About Automotive Belt

A belt is a loop of flexible material used to link two or more power transmitting shafts mechanically. It has multiple applications as a part of power generation and transmission in the vehicle. There are various dynamics used to manufacture automotive belts, such as two pulley systems or parallel shafts. The belt can either drive the pulley in a single direction, or the belts are crossed to achieve the reverse direction of rotation. Belts are a simple, inexpensive mode of power transmission between two shafts that are not axially aligned. Specially designed belts with specific materials aid in power transmission depending on their application.

Technavio’s analysts forecast the global automotive belt market to grow at a CAGR of 3.87% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive belt market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Belt Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Continental
  • Gates Corporation
  • Federal-Mogul
  • Fenner
Other prominent vendors
  • Bando
  • Colmant Cuvelier
  • ACDelco
  • Beck/Arnley
  • Dayco
  • Goodyear
  • Ningbo Beidi Synchronous Belt
  • NingBo Fulong Synchronous Belt
  • SKF
  • Tsubakimoto Chain
Market driver
  • Increasing demand for fuel efficiency
  • For a full, detailed list, view our report
Market challenge
  • Stringent regulations for owning cars in China
  • For a full, detailed list, view our report
Market trend
  • Thermal stability in performance vehicles
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Belt Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive belt market: Continental, Gates Corporation, Federal-Mogul, and Fenner.

Other Prominent Vendors in the market are: Bando, Colmant Cuvelier, ACDelco, Beck/Arnley, Dayco, Goodyear, Ningbo Beidi Synchronous Belt, NingBo Fulong Synchronous Belt, SKF, and Tsubakimoto Chain.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is thermal stability in performance vehicles. Temperature-resistant materials such as HNBR (Hydrogenated Acrylonitrile-Butadiene. Rubber) with chloroprene material have been most commonly used to maintain the shape of the belt at high speed where heat is dissipated from the engine. Temperature-resistant automotive belts are widely used in performance-driven industry such as pro racing where power ratio is high, engine output is maintained at its highest output level where heat dissipation is high, and stress on the automotive belts is high.”

According to the report, one driver in the market is increasing demand for fuel efficiency. Fluctuating price of the fuel has led the vehicle buyers to prefer vehicles with greater fuel efficiency. The increasing fuel prices have been compounded by declining values of local currencies wherein individual countries would face fluctuating fuel prices for importing fuel based on their local currency. For instance, China, the largest market for the automotive sector, has seen a surge by more than 10% in diesel price due to the declining value of the Chinese Yuan against the US dollar value in 2016.

Further, the report states that one challenge in the market is stringent regulations for owning cars in China. The Chinese auto market is the world's largest market with the highest producers and consumers of vehicles globally. In China, there are nearly 204 million people who possess driving licenses, but they do not own a personal car. The Chinese government is imposing stringent regulations for owning a private car and self-drive car rental due to lack of parking space in cities. This is shifting the people's focus toward on-demand taxi. The Chinese government has imposed strict restrictions on owning a private vehicle to reduce the number of cars and subsequent traffic congestion on the road in densely populated cities.

Companies Mentioned

Continental, Gates Corporation, Federal-Mogul, Fenner, Bando, Colmant Cuvelier, ACDelco, Beck/Arnley, Dayco, Goodyear, Ningbo Beidi Synchronous Belt, NingBo Fulong Synchronous Belt, SKF, and Tsubakimoto Chain.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
    • What are automotive belts?
    • Construction and design of automotive belts
    • Types of automotive belts
    • Factors affecting the life of drive belts
  • Market landscape
    • Market overview
      • Table Segmentation of global automotive belt market
    • Market size and forecast
      • Table Global automotive belt market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Segmentation of global automotive belt market by type 2016
    • Global timing belt market
      • Table Market size & forecast 2016-2021 ($ billions)
    • Global serpentine belt market
      • Table Market size & forecast 2016-2021 ($ billions)
  • Market segmentation by application
    • Market overview
      • Table Segmentation of global automotive belt market by application 2016
      • Table Segmentation of global automotive belt market by application 2021
    • Global automotive belt market for passenger cars
      • Table Global automotive belt market for passenger cars 2016-2021 ($ billions)
    • Global automotive belt market for commercial vehicles
      • Table Global automotive belt market for commercial vehicles 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Segmentation of global automotive belt market by end-user 2016
      • Table Segmentation of global automotive belt market by end-user 2021
    • Global automotive belt market for OEMs
      • Table Global automotive belt market for OEMs 2016-2021 ($ billions)
    • Global automotive belt market for aftermarket
      • Table Global automotive belt market for aftermarket 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Market share by geography 2016-2021
    • Regional comparison
      • Table Regional comparison
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021
      • Table Top 3 countries in APAC
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast 2016-2021 ($ billions)
      • Table EMEA – Year-over-year growth 2016-2021
      • Table Top 3 countries in EMEA
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ billions)
      • Table Americas – Year-over-year growth 2016-2021
      • Table Top 3 countries in Americas
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Thermal stability in performance vehicles
    • Low-friction automotive belts
    • Improvements in belt's design for highperformance
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • Continental
      • Table Continental: Business segmentation by revenue 2016
      • Table Continental: Geographical segmentation by revenue 2016 (% share)
      • Table Continental: Product portfolio
      • Table Continental: Recent developments
    • Gates Corporation
      • Table Gates Corporation: Products portfolio
      • Table Gates Corporation: Recent developments
    • Federal-Mogul
      • Table Federal-Mogul: Business segmentation by revenue 2016 (% share)
      • Table Federal-Mogul: Geographical segmentation by revenue 2016 (% share)
      • Table Federal-Mogul: Product portfolio
      • Table Federal-Mogul: Recent developments
    • Fenner
      • Table Fenner: Business segmentation by revenue 2016
      • Table Fenner: Geographical segmentation by revenue 2016 (% share)
      • Table Fenner: Product portfolio
      • Table Fenner: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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