Market Research Logo

Timing Belt 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

Timing Belt 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

“The growth of direct injection engines and rise in vehicle production fuel the demand for the timing belt market”
The timing belt market is estimated to grow at a CAGR of 5.21% during the forecast period, to reach a market size of USD 9.22 billion by 2025. The key factors driving the growth of the timing belt market are the rising adoption of direct injection engines and growing vehicle production globally. The rising vehicle parc and increased average miles per vehicle drive the growth of the timing belt aftermarket. The rising demand for Battery Electric Vehicles (BEV), which do not deploy an ICE, may act as a restraint for the timing belt market.

“Hybrid Electric Vehicle (HEV) is estimated to be the largest market, by value, for timing belt by hybrid vehicle type from 2017 to 2025”
The HEV segment is estimated to be the largest market for timing belt, by hybrid vehicle type. The widespread adoption and higher production of HEVs, as compared to PHEVs, has led to the growth of the timing belt market in this vehicle segment.

“Tensioner Market: Largest component type market in timing belt market from 2017 to 2025”
Tensioners ensure efficient working order of a timing chain or belt. The timing chain tensioner maintains appropriate tension in the timing chain or belt. Automotive tensioners are used in timing belts as well as timing chain systems. Tensioners are costlier than other components of the timing drive system. Thus, tensioners are estimated to hold the largest share of the timing belt market, by component, in terms of value, during the forecast period.

“Asia Oceania: Largest and fastest-growing region in timing belt market from 2017 to 2025”
Asia Oceania is estimated to dominate the global timing belt market. The Asia Oceania timing belt market is projected to grow at the highest rate during the forecast period. Countries such as China, Japan, and India are the leading markets in the region in vehicle production. China alone contributed around 61.2% of the vehicle production in Asia Oceania in 2016. Thus, the increasing vehicle production in Asia Oceania acts as a major growth driver for the timing belt market.

BREAKDOWN OF PRIMARIES
The study contains insights provided by various industry experts, ranging from component suppliers to Tier-1 companies. The break-up of the primaries is as follows:
By Company Type: Tier-1–50 %, Tier-2-33%, OEMs--17%
By Designation: C level–17%, D Level–33%, Others–50%
By Region: North America–49%, Europe–35%, Asia Oceania–16%

The report provides detailed profiles of the following companies:
Continental (Germany)
Aisin Seiki (Japan)
Schaeffler (Germany)
Goodyear (US)
SKF (Sweden)
BorgWarner (US)
Toyoda (Japan)
NTN (Japan)
Hutchinson (France)
Gates Corporation (US)

Research Coverage
The primary objective of the study is to define, describe, and forecast the timing belt market based on ICE vehicle type (passenger vehicles and commercial vehicles), hybrid vehicle type (HEV and PHEV), Timing Drive type (Dry Belts, Chains, Belt-In-Oil), Component (Idler Pulleys, Sprockets, Timing Shield/Cover, Tensioner), and timing belt aftermarket. The report analyzes the regional markets for growth trends, prospects, and their contribution to the overall market. The report also tracks and analyzes competitive developments such as new product launches, expansions, joint ventures, acquisitions, and other industry activities carried out by key industry participants.

Reasons for buying the report:
The report shall help the stakeholders in gaining a detailed analysis of the timing belt market with respect to country-level market of belt type, and other markets at regional level, such as vehicle & hybrid vehicle type, components, and aftermarket. The study provides qualitative and quantitative analysis of each segment, which is represented in terms of volume (thousand units) and value (USD million). Stakeholders also get information on the top ten companies that have a significant impact in the market. These companies are profiled along with their financial structure, recent developments, and product portfolio.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table CURRENCY EXCHANGE RATES (PER USD)
    • PACKAGE SIZE
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
    • SECONDARY DATA
      • KEY SECONDARY SOURCES
      • DATA FROM SECONDARY SOURCES
    • PRIMARY DATA
      • SAMPLING TECHNIQUES & DATA COLLECTION METHODS
      • PRIMARY PARTICIPANTS
    • FACTOR ANALYSIS
      • INTRODUCTION
      • DEMAND-SIDE ANALYSIS
      • SUPPLY-SIDE ANALYSIS
        • Table TIMELINE OF EURO REGULATIONS FOR HEAVY-DUTY ENGINES & PASSENGER VEHICLES, 2000-2015
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE TIMING BELT MARKET
    • TIMING BELT MARKET, BY REGION
    • TIMING BELT MARKET, BY ICE VEHICLE
    • TIMING BELT MARKET, BY HYBRID VEHICLE TYPE
    • TIMING BELT MARKET, BY COMPONENT
    • TIMING BELT AFTERMARKET, BY VEHICLE TYPE
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • TIMING BELT MARKET, BY ICE VEHICLE
    • INTRODUCTION
      • Table TIMING BELT MARKET SIZE, BY ICE VEHICLE TYPE, 2015-2025 (`000 UNITS)
      • Table TIMING BELT MARKET SIZE, BY ICE VEHICLE TYPE, 2015-2025 (USD MILLION)
    • PASSENGER VEHICLE
      • Table TIMING BELT MARKET FOR PASSENGER VEHICLES, BY REGION, 2015-2025 (`000 UNITS)
      • Table TIMING BELT MARKET FOR PASSENGER VEHICLES, BY REGION, 2015-2025 (USD MILLION)
    • COMMERCIAL VEHICLE
      • Table TIMING BELT MARKET FOR COMMERCIAL VEHICLES, BY REGION, 2015-2025 (`000 UNITS)
      • Table TIMING BELT MARKET FOR COMMERCIAL VEHICLES, BY REGION, 2015-2025 (USD MILLION)
  • TIMING BELT MARKET, BY HYBRID VEHICLE TYPE
    • INTRODUCTION
      • Table TIMING BELT MARKET SIZE, BY HYBRID VEHICLE TYPE, 2015-2025 (`000 UNITS)
      • Table TIMING BELT MARKET SIZE, BY HYBRID VEHICLE TYPE, 2015-2025 (USD MILLION)
    • HYBRID ELECTRIC VEHICLE (HEV)
      • Table TIMING BELT MARKET FOR HYBRID ELECTRIC VEHICLES, BY REGION, 2015-2025 (`000 UNITS)
      • Table TIMING BELT MARKET FOR HYBRID ELECTRIC VEHICLES, BY REGION, 2015-2025 (USD MILLION)
    • PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
      • Table TIMING BELT MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY REGION, 2015-2025 (`000 UNITS)
      • Table TIMING BELT MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY REGION, 2015-2025 (USD MILLION)
  • TIMING BELT MARKET, BY COMPONENT
    • INTRODUCTION
      • Table TIMING BELT MARKET SIZE, BY COMPONENT, 2015-2025 (`000 UNITS)
      • Table TIMING BELT MARKET SIZE, BY COMPONENT, 2015-2025 (USD MILLION)
    • TENSIONER
      • Table TENSIONER MARKET SIZE, BY REGION, 2015-2025 (`000 UNITS)
      • Table TENSIONER MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
    • IDLER PULLEY
      • Table IDLER PULLEY MARKET SIZE, BY REGION, 2015-2025 (`000 UNITS)
      • Table IDLER PULLEY MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
    • TIMING SHIELD/COVER
      • Table TIMING BELT SHIELD MARKET SIZE, BY REGION, 2015-2025 (`000 UNITS)
      • Table TIMING BELT SHIELD MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
    • SPROCKET
      • Table SPROCKET MARKET SIZE, BY REGION, 2015-2025 (`000 UNITS)
      • Table SPROCKET MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
  • TIMING BELT MARKET, BY REGION
    • INTRODUCTION
      • Table TIMING BELT MARKET SIZE, BY REGION, 2015-2025 (`000 UNITS)
      • Table TIMING BELT MARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
    • ASIA OCEANIA
      • Table ASIA OCEANIA: TIMING BELT MARKET SIZE, BY COUNTRY, 2015-2025 (`000 UNITS)
      • Table ASIA OCEANA: TIMING BELT MARKET SIZE, BY COUNTRY, 2015-2025 (USD MILLION)
      • CHINA
        • Table CHINA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table CHINA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • JAPAN
        • Table JAPAN: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table JAPAN: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • INDIA
        • Table INDIA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table INDIA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table SOUTH KOREA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
    • EUROPE
      • Table EUROPE: TIMING BELT MARKET SIZE, BY COUNTRY, 2015-2025 ('000 UNITS)
      • Table EUROPE: TIMING BELT MARKET SIZE, BY COUNTRY, 2015-2025 (USD MILLION)
      • FRANCE
        • Table FRANCE: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table FRANCE: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • UK
        • Table UK: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table UK: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • GERMANY
        • Table GERMANY: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table GERMANY: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • SPAIN
        • Table SPAIN: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table SPAIN: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table REST OF EUROPE: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: TIMING BELT MARKET SIZE, BY COUNTRY, 2015-2025 (`000 UNITS)
      • Table NORTH AMERICA: TIMING BELT MARKET SIZE, BY COUNTRY, 2015-2025 (USD MILLION)
      • CANADA
        • Table CANADA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table CANADA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • MEXICO
        • Table MEXICO: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table MEXICO: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • US
        • Table US: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table US: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table ROW: TIMING BELT MARKET SIZE, BY COUNTRY, 2015-2025 (`000 UNITS)
      • Table ROW: TIMING BELT MARKET SIZE, BY COUNTRY, 2015-2025 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table BRAZIL: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table RUSSIA: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
      • ROW OTHERS
        • Table ROW OTHERS: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (`000 UNITS)
        • Table ROW OTHERS: TIMING BELT MARKET SIZE, BY DRIVE TYPE, 2015-2025 (USD MILLION)
  • TIMING BELT AFTERMARKET, BY REGION
    • INTRODUCTION
      • Table TIMING BELT AFTERMARKET SIZE, BY REGION, 2015-2025 (`000 UNITS)
      • Table TIMING BELT AFTERMARKET SIZE, BY REGION, 2015-2025 (USD MILLION)
    • ASIA OCEANIA
      • Table ASIA OCEANIA: TIMING BELT AFTERMARKET SIZE, BY VEHICLE TYPE, 2015-2025 (`000 UNITS)
      • Table ASIA OCEANIA: TIMING BELT AFTERMARKET SIZE, BY VEHICLE TYPE, 2015-2025 (USD MILLION)
    • EUROPE
      • Table EUROPE: TIMING BELT AFTERMARKET SIZE, BY VEHICLE TYPE, 2015-2025 (`000 UNITS)
      • Table EUROPE: TIMING BELT AFTERMARKET SIZE, BY VEHICLE TYPE, 2015-2025 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: TIMING BELT AFTERMARKET SIZE, BY VEHICLE TYPE, 2015-2025 (`000 UNITS)
      • Table NORTH AMERICA: TIMING BELT AFTERMARKET SIZE, BY ICE VEHICLE TYPE, 2015-2025 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table ROW: TIMING BELT AFTERMARKET SIZE, BY VEHICLE TYPE, 2015-2025 (`000 UNITS)
      • Table ROW: TIMING BELT AFTERMARKET SIZE, BY VEHICLE TYPE, 2015-2025 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • AUTOMOTIVE TIMING BELT: MARKET RANKING ANALYSIS, 2016
    • COMPETITIVE SITUATION & TRENDS
      • NEW PRODUCT LAUNCH/NEW PRODUCT DEVELOPMENT/NEW TECHNOLOGY
        • Table NEW PRODUCT LAUNCH/NEW PRODUCT DEVELOPMENT/NEW TECHNOLOGY, 2014-2017
      • SUPPLY CONTRACTS & PARTNERSHIPS
        • Table SUPPLY CONTRACTS & PARTNERSHIPS, 2014-2017
      • EXPANSIONS/INVESTMENTS
        • Table EXPANSIONS, 2014-2016
      • MERGERS & ACQUISITIONS/JOINT VENTURES/COLLABORATIONS
        • Table MERGERS & ACQUISITIONS/JOINT VENTURES/COLLABORATIONS, 2014
  • COMPANY PROFILES
    • CONTINENTAL
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BORGWARNER
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SCHAFFLER
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SKF
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TOYODA
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • NTN
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • AISIN
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TSUBAKIMOTO
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • FENNER
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • GOODYEAR
      • OVERVIEW
      • PRODUCT OFFERINGS
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
      • TIMING BELT MARKET BY HYBRID VEHICLE TYPE & BELT TYPE
      • TIMING BELT OE MARKET BY COMPONENT TYPE, BY COUNTRY
      • TIMING BELT AFTERMARKET BY ICE VEHICLE TYPE, BY COUNTRY
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report