Scope of the Study
CVT belt is made of various materials such as rubber, nylon, steel, Pu, thermoplastics resin & fiber, and others. Various advantages of using a CVT belt such as provides a smoother ride than an automatic transmission, better emission control, and better fuel consumption than a regular automatic transmission, improved acceleration due to the lower power loss experienced, among others. Increasing usage of CVT belt in passenger vehicles, light commercial vehicles, and heavy commercial vehicles is projected to drive the global CVT belt market over the forecast period.
The market study is being classified by Type (Push Belt CVT, Variable Diameter Elastomer Belt CVT and Others), by Application (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles) and major geographies with country level break-up.
Robert Bosch (Germany), Jatco Ltd (Japan), Tsingshan (China), Aisin Seiki Co., Ltd. (Japan), Zhejiang Wanliyang (China), Shaanxi Fast Gear Co., Ltd. (China), Honda Motor Company, Ltd. (Japan), Chery Automobile Co., Ltd. (China) and Hyundai Mobis (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Continental AG (Germany).
The global CVT belt market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the major players operating in this market are Robert Bosch (Germany) and Jatco Ltd (Japan), Getrag (Germany), Tsingshan (China), among others. Research Analyst at AMA predicts that Germany and China Vendors will contribute to the maximum growth of Global CVT Belt market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global CVT Belt market by Type, Application and Region.
On the basis of geography, the market of CVT Belt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Eco-Friendly Vehicles
- Increasing Demand from Automobiles Industry across the World
- Technology Advancement regarding CVT Belt
- Issue related to Transmitting Motion by Friction causes Greater Wear
- Growing Demand from Emerging Economics such as China, India, among others
- Problem regarding Belt-driven CVTs have a Limited Amount of Torque
Key Target AudienceCVT Belt Manufacturers, Research and Development (R&D) Companies, Research Organization, Federal Agencies, Raw Material Suppliers and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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