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Global Automotive Timing Belt Market 2017-2021

Global Automotive Timing Belt Market 2017-2021

About Automotive Timing Belt

The timing belt, also called as timing chain or cam belt synchronizes the rotation of the crankshaft and the camshaft for opening and closing the vales during intake and exhaust strokes. It is one of the most critical components in internal combustion engines (ICEs). This is because it operates and controls the number of revolutions of the camshaft, which defines the power generated by the engine.

Technavio’s analysts forecast the global automotive timing belt market to grow at a CAGR of 2.90% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive timing belt market for 2017-2021. To calculate the market size, the report considers the new shipments and aftermarket sales of the timing belt.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Timing 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
  • B&B MANUFACTURING
  • THE CARLSTAR GROUP
  • ContiTech (Continental)
  • J.K. Fenner (India) Limited
  • Gates Corporation
Other prominent vendors
  • ACDelco
  • Bando USA
  • Federal-Mogul Motorparts Corporation
  • Dayco
  • Goodyear
  • Ningbo Beidi Synchronous Belt
  • Ningbo Fulong Synchronous Belt
  • SKF
  • Tsubaki
  • MAHLE Aftermarket
Market driver
  • Improvement in aftermarket segment
  • For a full, detailed list, view our report
Market challenge
  • Increase in annual wage leading to declining profit margins
  • For a full, detailed list, view our report
Market trend
  • Use of thermally-stable materials for producing timing belts
  • 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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

Technavio recognizes the following companies as the key players in the global automotive timing belt market: B&B MANUFACTURING, THE CARLSTAR GROUP, ContiTech (Continental), J.K. Fenner (India) Limited, and Gates Corporation.

Other Prominent Vendors in the market are: ACDelco, Bando USA, Federal-Mogul Motorparts Corporation, Dayco, Goodyear, Ningbo Beidi Synchronous Belt, Ningbo Fulong Synchronous Belt, SKF, Tsubaki, and MAHLE Aftermarket.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is use of thermally-stable materials for producing timing belts. Timing belt is one of the crucial components in ICEs as it operates and controls the number of revolutions of the camshaft, which defines the power generated by the engine. As timing belts are placed close to the engine cylinder where the air-fuel mixture combusts, it is exposed to heat temperatures. Corrosion and wear and tear due to high temperatures of the combustion chamber are among the major factors for the failure of timing belts.”

According to the report, one of the major drivers for this market is improvement in aftermarket segment. The OEM segment buys a standard quantity of components of timing belts to produce new automotive products. The requirement is large but the bulk revenue is dependent on the global automobile market. The aftermarket segment, where the timing belt occupies a large after to the automotive wiper system market. This means that the manufacturers are less dependent on car makers for their revenue and sales. In the aftermarket segment, manufacturers have their own distribution channels for both global and local markets.

Further, the report states that one of the major factors hindering the growth of this market is increase in annual wage leading to declining profit margins. In the automotive industry value chain, the OEMs have been absorbing the liability for most of the warranty costs and price pressure from the demand side in the past. However, this situation has changed over the past 5-6 years where the OEMs have pushed liabilities on Tier-1 suppliers who, in turn, push them to component manufacturers. This has led to cost optimization across the industry to maintain profitability.



Companies Mentioned

B&B MANUFACTURING, THE CARLSTAR GROUP, ContiTech (Continental), J.K. Fenner (India) Limited, Gates Corporation, ACDelco, Bando USA, Federal-Mogul Motorparts Corporation, Dayco, Goodyear, Ningbo Beidi Synchronous Belt, Ningbo Fulong Synchronous Belt, SKF, Tsubaki, and MAHLE Aftermarket.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global automotive shipment by vehicle type 2016-2021 (million units)
      • Table Economic events that had an impact on the automotive industry 2008-2016
      • Table Global automotive market 2016-2021 (million units)
  • Market landscape
    • Market overview
      • Table Landscape of automotive timing belt market
      • Table Product life cycle of automotive timing belt market 2016
      • Table Product life cycle of automotive timing belt market 2021
      • Table Value chain analysis of automotive timing belt market
    • Market size and forecast
      • Table Global automotive timing belt market 2016-2021 (million units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end user
    • Global automotive timing belt market by end user
      • Table Global automotive timing belt market by end user 2016
      • Table Global automotive timing belt market based by end user 2021
      • Table Global automotive timing belt market by end user 2016-2021
    • Global automotive timing belt market for OEMs
      • Table Global automotive timing belt market for OEMs 2016-2021 (million units)
    • Global automotive timing belt market for aftermarket
      • Table Global automotive timing belt market for aftermarket 2016-2021 (million units)
  • Market segmentation by vehicle type
    • Global automotive timing belt market based on vehicle type
      • Table Global automotive timing belt market based on vehicle type 2016
      • Table Global automotive timing belt market based on vehicle type 2021
      • Table Global automotive timing belt market based on vehicle type 2016-2021
    • Global automotive timing belt market for passenger vehicles segment
      • Table Global automotive timing belt market for passenger vehicles segment 2016-2021 (million units)
    • Global automotive timing belt market for the commercial vehicles segment
      • Table Global automotive timing belt market for commercial vehicles segment 2016-2021 (million units)
  • Geographic segmentation
    • Global automotive timing belt market by geography
      • Table Global automotive timing belt market by geography 2016
      • Table Global automotive timing belt market based by geography 2021
      • Table Global automotive timing belt market by geography 2016-2021
    • Automotive timing belt market in APAC
      • Table Automotive timing belt market in APAC 2016-2021 (million units)
    • Automotive timing belt market in EMEA
      • Table Automotive timing belt market in EMEA 2016-2021 (million units)
    • Automotive timing belt market in Americas
      • Table Automotive timing belt market in Americas 2016-2021 (million units)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Automotive aftermarket structure
    • Market challenges
      • Table Average labor cost comparison among key countries 2016
      • Table Automotive worker's average wages in China 2010-2015 ($/per month)
  • Market trends
    • Use of thermally-stable materials for producing timing belts
    • Use of fiber-reinforced materials in automotive timing belts to increase lifespan
    • Advent of low friction timing chains
  • Vendor landscape
    • Competitive benchmarking
      • Table Key vendors in automotive timing belt market
    • Other prominent vendors
  • Key vendor analysis
    • B&B MANUFACTURING
      • Table B&B MANUFACTURING: Product segmentation
    • THE CARLSTAR GROUP
      • Table THE CARLSTAR GROUP: Product segmentation
    • ContiTech
      • Table ContiTech: Key product portfolio
    • J.K. Fenner (India) Limited
      • Table J.K. Fenner (India) Limited: Products offered
    • Gates Corporation
      • Table Gates Corporation: Products and services segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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