Infinium Global Research has added
a new report on Timing
Belt Market. The report presents analysis of global as well as regional
markets of timing belt market over the period of 2016 to 2024. The
timing belt is the belt that controls the camshafts in your engine along with
opening and closing valves at just the right time for smooth operation of the
car. However, the use of a timing belt as an alternative of direct gear drive
allows engine designers to keep the camshaft away from the crankshaft. In
modern engines, manufacturers recommend replacing the timing belt from between
every 40,000 – 150,000 kilometers depending on the engine. The major advantage
of using the timing belt is that the Power transmission efficiency is not lost
with regular use and there is no need for lubrication as the operation of
timing belt is very clean. Some cars and trucks use timing chains or gears that
are more durable. However, timing belts, made of rubber compound are quieter
and more efficient. They also do not need lubricants to work.
The factors such as increased preference for high mileage vehicles
and increased Vehicle Parks are driving the growth of the timing belt market.
Increased demand for automobiles from the emerging countries such as BRIC
countries is strengthening the growth of the timing belt market. Additionally,
growth in direct injection engines is likely to escalate the demand for
automotive timing belts. However, demand for pure battery electric vehicles is
restraining the growth of the timing belt market. Furthermore, shift from dry
belt to belt in oil timing belt is anticipated to create several growth
opportunities for the key players in the timing belt market over the years to
come. Participation in racing events is on the rise, the market for high
performance vehicle is very promising. This in turn is projected to boost the
overall demand for timing belt during the forecast period. Automotive timing
belt manufacturers as well as OEMs are exploring various research and
development activities to intensify the durability and life of automotive
timing belts.
Asia Pacific Prevailed to be the largest market for the automotive timing belts and chains due to the growing vehicle production in China followed by India. China and India are among the fastest growing markets in the world for automotive manufacturing and accessories manufacturing owing to low production costs. Increasing production of automobiles in the European region region has led to increase in demand for the automotive timing belts. Moreover, the global automobile industry has undergone several structural changes such as technological changes in the engines, electrification of automobiles, emission norms and regulations, safety and security changes, and connectivity among others. Overview of hybrid vehicles has led to substantial changes in the internal structure and functioning of the vehicles. This has resulted in the strategic developments in the global automotive market. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global timing belt market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
Get
15% discount for early purchase of global timing belt market report by clicking
the following link, Use code IGRD15 to request the discount in the given form
https://www.infiniumglobalresearch.com/reports/request-discount/1066
The recent report identified that
Asia Pacific dominated the global timing belt market over the last couple of
years, while emerging markets of Asia-Pacific and Latin America are anticipated
to contribute significantly to the growth in the timing belt market worldwide.
The report segments the global
timing belt market on the basis of Drive Type, Vehicle Type, Hybrid
Vehicle Type and Component.
Global Timing Belt Market by Drive
Type
·
Belt-in-Oil
·
Dry Belts
·
Chains
Global Timing Belt Market by
Vehicle Type
·
Passenger Vehicle
·
Commercial Vehicle
Global Timing Belt Market by
Hybrid Vehicle Type
·
Plug-in Hybrid Electric Vehicle
(PHEV)
·
Hybrid Electric Vehicle
(HEV)
Global Timing Belt Market by
Component
·
Idler Pulleys
·
Timing Shield
·
Tensioner
·
Sprocket
Companies Profiled in the Report
·
NTN
·
Goodyear
·
Fenner
·
Schaeffler
·
Tsubakimoto
·
Continental
·
Aisin
·
Toyoda
·
SKF
·
Borgwarner
About Infinium Global Research
Infinium Global Research is a
business intelligence company that provides its clients with market information
services, solutions, and reports. The intelligence reports include qualitative
as well as quantitative information, which are blended using forecasting models
in order to project future market demand. Our panels of Subject Matter Experts
(SMEs), Analysts, and Consultants use numerous data gathering tools in order to
provide you with detailed information on the market as well as a preview of its
projected growth. Our repository includes the largest and most credible
databases, through which we determine various qualitative and quantitative
parameters of the market to provide you with an in-depth business intelligence
report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.