Automotive Timing Chain & Belt Market Growth, Size, Trends, Demand, Share and Future Outlook
Automotive Timing Chain and Belt Market Size- By Product Type, By Engine Type, By Vehicle Type, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2024 | Report ID: AMIN24192 | Pages: 1 - 245 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Timing Chain & Belt Market Introduction and Overview
According to SPER Market Research, the Global Automotive Timing Chain & Belt Market is estimated to reach USD 13.68 billion by 2033 with a CAGR of 4.75%.
The report includes an in-depth analysis of the Global Automotive Timing Chain & Belt Market, including market size and trends, product mix, applications, and supplier analysis. Automotive timing chains and belts are installed in an engine in a certain configuration on one side of the engine to keep the camshafts and crankshafts timed correctly. This allows the upper half of the engine (valves, cylinder head) to coordinate with the bottom half (crankcase, pistons). Timing chains and belts are critical for precisely timing the opening and closing of intake and exhaust valves in response to piston movement. They control the movement of the engine's camshaft(s) and crankshaft. This synchronisation is critical for the engine's proper operation since it supports efficient fuel combustion and power generation.
- In January 2023, TSUBAKIMOTO CHAIN CO. introduced a plastic modular chain for the WT2520 series. This chain's width of 100 mm makes it appropriate for replacing belt conveyors. Rubber's superior friction qualities on conveyor surfaces make plastic modular chains perfect for inclined conveyors.
- In November 2022, BG automobile, a renowned automobile aftermarket supplier, announced an expanded product line. These comprise 17 new references for a variety of product categories, including timing belts, cylinder heads, lubrication, cooling, and gaskets. Each month, the company creates new product references for the automotive aftermarket industry in order to provide the most up-to-date applications.
Market Opportunities and Challenges
Opportunities-
Material and design innovations that improve durability and performance: The global automotive timing chain and belt market is expanding rapidly, driven by ongoing material and design improvements. Manufacturers are investing in new materials like high-strength steel alloys and long-lasting synthetic polymers to improve the longevity and performance of timing chains and belts. In addition, novel designs improve wear and tear resistance, lower maintenance costs, and increase overall engine efficiency. These innovations are critical to satisfying the increased need for dependable and high-performance automotive components, moving the industry ahead.
Challenges-
Transition to Electric Vehicles: The market expansion for automotive timing chains and belts is threatened by the rising popularity of electric vehicles. Since electric motors are used in place of internal combustion engines in electric vehicles, conventional timing systems are not necessary.
High Maintenance and Replacement Costs: Timing chain and belt replacement is a labour-intensive task that needs expertise and can be expensive, particularly in engines with intricate designs. This aspect may discourage some buyers from choosing cars with belt and timing chain systems.
Market Competitive Landscape
The global automotive timing chain and belt market is intensely competitive, with several competitors competing for a bigger market share. Major companies in the market include Tsubakimato Chain Co, BG Automotive, Continental AG, BorgWarner Inc, Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd, L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd, SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Engine Type, By Vehicle Type, By Sales Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | Tsubakimato Chain Co, BG Automotive, Continental AG, BorgWarner Inc, Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd, L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd, SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd. |
COVID-19 Impact on Global Automotive Timing Chain & Belt Market
Lockdowns, supply chain interruptions, and lower consumer spending all contributed to a drop in worldwide vehicle production and sales during the epidemic. As a result, demand for timing chains and belts suffered a short setback. However, when the automotive industry recovered from the first effects of the pandemic, the market began to regain momentum. Governments and central banks implemented stimulus packages and incentives to increase car sales, resulting in a rise in demand for vehicles and related components such as timing chains and belts.
Key Target Audience:
- Automotive OEMs (Original Equipment Manufacturers)
- Aftermarket Parts Suppliers
- Automotive Component Manufacturers
- Automotive Repair and Maintenance Service Providers
- Distributors and Wholesalers
- Automotive Dealerships
- Fleet Operators
- Automotive Engineers and Technicians
- Investment Firms and Financial Analysts
- Research and Development Institutions
Our in-depth analysis of the Automotive Timing Chain & Belt Market includes the following segments:
| By Product Type: |
|
| By Engine Type: |
|
| By Vehicle Type: |
|
| By Sales Channel: |
|
Key Topics Covered in the Report:
- Global Automotive Timing Chain & Belt Market Size (FY’2024-FY’2033)
- Overview of Global Automotive Timing Chain & Belt Market
- Segmentation of Global Automotive Timing Chain & Belt Market by Product Type (Chain, Belt)
- Segmentation of Global Automotive Timing Chain & Belt Market by Engine Type (Gasoline, Diesel)
- Segmentation of Global Automotive Timing Chain & Belt Market by Vehicle Type (Passenger Car, LCV, HCV, Off-Highway Vehicles)
- Segmentation of Global Automotive Timing Chain & Belt Market by Sales Channel (OEM, Aftermarket)
- Statistical Snap of Global Automotive Timing Chain & Belt Market
- Expansion Analysis of Global Automotive Timing Chain & Belt Market
- Problems and Obstacles in Global Automotive Timing Chain & Belt Market
- Competitive Landscape in the Global Automotive Timing Chain & Belt Market
- Impact of COVID-19 and Demonetization on Global Automotive Timing Chain & Belt Market
- Details on Current Investment in Global Automotive Timing Chain & Belt Market
- Competitive Analysis of Global Automotive Timing Chain & Belt Market
- Prominent Players in the Global Automotive Timing Chain & Belt Market
- SWOT Analysis of Global Automotive Timing Chain & Belt Market
- Global Automotive Timing Chain & Belt Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Automotive Timing Chain & Belt Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Timing Chain & Belt Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Timing Chain & Belt Market
7. Global Automotive Timing Chain & Belt Market, By Product Type (USD Million) 2020-2033
7.1. Global Automotive Timing Chain & Belt Market Size, Share and Forecast, By Product Type, 2020-20267.2. Global Automotive Timing Chain & Belt Market Size, Share and Forecast, By Product Type, 2027-20337.3. Chain
7.3.1. Roller Chain7.3.2. Non-Roller Chain
7.4. Belt
7.4.1. Dry Belt7.4.2. Belt In Oil
8. Global Automotive Timing Chain & Belt Market, By Engine Type (USD Million) 2020-2033
8.1. Global Automotive Timing Chain & Belt Market Size, Share and Forecast, By Engine Type, 2020-20268.2. Global Automotive Timing Chain & Belt Market Size, Share and Forecast, By Engine Type, 2027-20338.3. Gasoline
8.3.1. Inline Engine8.3.2. V-Engine
8.4. Diesel
8.4.1. Inline Engine8.4.2. V-Engine
9. Global Automotive Timing Chain & Belt Market, By Vehicle Type (USD Million) 2020-2033
9.1. Global Automotive Timing Chain & Belt Market Size, Share and Forecast, By Vehicle Type, 2020-20269.2. Global Automotive Timing Chain & Belt Market Size, Share and Forecast, By Vehicle Type, 2027-20339.3. Passenger Car9.4. LCV9.5. HCV9.6. Off-Highway Vehicles
10. Global Automotive Timing Chain & Belt Market, By Sales Channel (USD Million) 2020-2033
10.1. Global Automotive Timing Chain & Belt Market Size, Share and Forecast, By Sales Channel, 2020-202610.2. Global Automotive Timing Chain & Belt Market Size, Share and Forecast, By Sales Channel, 2027-203310.3. OEM10.4. Aftermarket
11. Global Automotive Timing Chain & Belt Market Forecast, 2020-2033 (USD Million)
11.1. Global Automotive Timing Chain & Belt Market Size and Market Share
12. Global Automotive Timing Chain & Belt Market, By Region, 2020-2033 (USD Million)
12.1. Global Automotive Timing Chain & Belt Market Size and Market Share By Region (2020-2026)12.2. Global Automotive Timing Chain & Belt Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific
12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Qatar12.5.4. South Africa12.5.5. Egypt12.5.6. Morocco12.5.7. Nigeria12.5.8. Rest of Middle-East and Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Tsubakimato Chain Co
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. BG Automotive
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Continental AG
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. BorgWarner Inc
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Denso Corporation
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Schaeffler Technologies AG & Co. KG
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Mitsuboshi Belting Ltd
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. L.G. Balakrishan & Bros Ltd
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Daido Kogyo Co. Ltd
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. SKF AB
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Iwis Group
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. Gates Corporation
13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments
13.13. Dayco Products LLC
13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments
13.14. Qingdao Choho Industrial Co. Ltd
13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments
13.15. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automotive Timing Chain & Belt Market is projected to reach USD 13.68 billion by 2033, growing at a CAGR of 4.75% during the forecast period.
Automotive Timing Chain & Belt Market grew in Market size from 2024. The Market is expected to reach USD 13.68 billion by 2033, at a CAGR of 4.75% during the forecast period.
Automotive Timing Chain & Belt Market CAGR of 4.75% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Automotive Timing Chain & Belt Market size is USD 13.68 billion from 2024 to 2033.
Automotive Timing Chain & Belt Market is covered By Product Type, By Engine Type, By Vehicle Type, By Sales Channel.
The North America is anticipated to have the highest Market share in the Automotive Timing Chain & Belt Market.
The key players in the Market include Companies Covered Tsubakimato Chain Co, BG Automotive, Continental AG, BorgWarner Inc, Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd, L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd, SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd.
Automotive timing chains and belts are installed in an engine in a certain configuration on one side of the engine to keep the camshafts and crankshafts timed correctly. This allows the upper half of the engine (valves, cylinder head) to coordinate with the bottom half (crankcase, pistons).
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
