01 March 2018
market research

The report on Timing Belt Market by component (idler pulleys, timing shield, tensioner, sprocket),by drive type (dry belts, chains),by hybrid vehicle type (plug-in hybrid electric vehicle, hybrid electric vehicle), ice vehicle type (passenger vehicle, commercial vehicle) trends analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Timing Belt Market is projected to grow at a CAGR of 4.89% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North America (Leading region) region to this market.

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Segments Covered

The report on global timing belt market covers segments such as component, drive type, hybrid vehicle type, and ice vehicle type. The component segments include idler pulleys, timing shield, tensioner, and sprocket. On the basis of drive type the global timing belt market is categorized into belt-in-oil, dry belts, and chains. Furthermore, on the basis of hybrid vehicle type the timing belt market is segmented as plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). On the basis of ice vehicle type the timing belt market is segmented as passenger vehicle, and commercial vehicle.

Geographic Coverage

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.

Companies Profiled:

The report provides profiles of the companies in the global timing belt market such as, Borgwarner, SKF, Toyoda, Aisin, Continental, Tsubakimoto, Schaeffler, Fenner, Goodyear, and NTN.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global timing belt market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of timing belt market.

Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the timing belt market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the timing belt market to understand the present and future trends in this market and formulate their strategies accordingly.

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