Global Timing Belt Market Trends, Share, Size, Growth, Opportunity and Forecast (2019-2024): An $8.8 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 7, 2019--The “Timing Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
The global timing belt market was worth US$ 6.3 Billion in 2018. The global timing belt market is forecast to reach a value of US$ 8.8 Billion by 2024, exhibiting a CAGR of 5.6% during 2019-2024.
Rising sales of new automobiles along with an increasing demand from the replacement market is expected to catalyse the global demand of timing belts.
Automobile sales have been strong in both developed and emerging markets after a period of sluggish growth in many regions as a result of the global economic slowdown. This has catalysed the demand of timing belts from the OEM segment.
Although OEM sales account for a major share of the global timing belt market, the bulk of the demand comes from the replacement segment. The size of the replacement market for timing belts is significantly higher than the OEM market as most timing belts normally need to be replaced as part of regular maintenance every 60,000 to 100,000 miles.
Europe and North America currently account for the bulk of the global timing belt market. The Asia pacific region, however, represents the fastest growing market catalysed by a strong growth in automobile sales in China, India, South Korea, Thailand, etc.
Key Questions Answered
- How has the global timing belt market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global timing belt industry?
- What is the breakup of the global timing belt market on the basis of drive type?
- What is the breakup of the global timing belt market on the basis of component?
- What is the breakup of the global timing belt market on the basis of distribution channel?
- What is the breakup of the global timing belt market on the basis of vehicle type?
- What are the various stages in the value chain of the global timing belt market?
- What are the key driving factors and challenges in the global timing belt market?
- What is the structure of the global timing belt market and who are the key players?
- What is the degree of competition in the global timing belt market?
- How are timing belts manufactured?
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.3 Key Industry Trends
5 Global Timing Belt Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Drive Type
5.4 Market Breakup by Component
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Vehicle Type
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Drive Type
6.1 Dry Belts
6.3 Belt in Oil
7 Market Breakup by Component
7.2 Idler Pulleys
7.3 Timing Shield/Cover
8 Market Breakup by Distribution Channel
9 Market Breakup by Vehicle Type
9.1 Passenger Vehicle
9.2 Commercial Vehicle
10 Market Breakup by Region
10.2 North America
10.3 Asia Pacific
10.4 Middle East and Africa
10.5 Latin America
11 Global Timing Belt Industry: SWOT Analysis
12 Global Timing Belt Industry: Value Chain Analysis
12.2 Research and Development
12.3 Raw Material Procurement
13 Global Timing Belt Industry: Porters Five Forces Analysis
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Global Timing Belt Industry: Price Analysis
14.1 Price Indicators
14.2 Price Structure
14.3 Margin Analysis
15 Timing Belt Manufacturing Process
15.1 Product Overview
15.2 Raw Material Requirements
15.3 Manufacturing Process
15.4 Key Success and Risk Factors
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 B&B Manufacturing
16.3.3 The Carlstar Group
16.3.4 Gates Corporation
16.3.5 J.K. Fenner Limited
16.3.7 Federal-Mogul Motorparts Corporation
16.3.8 Bando USA
16.3.10 Ningbo Beidi Synchronous Belt
16.3.11 Goodyear SKF
16.3.12 Ningbo Fulong Synchronous Belt
16.3.13 MAHLE Aftermarket
For more information about this report visit https://www.researchandmarkets.com/research/32t86j/global_timing?w=4
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Related Topics:Belt and Chain Drives
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 03/07/2019 07:41 AM/DISC: 03/07/2019 07:41 AM