Global Automobile Synchronous Belts Market Overview:
Automobile Synchronous Belt also known as Automobile timing belts, is a synthetic rubber belt which reinforced with fiber cords. It is a ribbed belt located in a specific configuration along one side of automobile engine to keep crank and camshafts timed properly. When the engine is on, the crankshaft transforms linear energy from the pistons into rotational energy. The rotating wheel pushes the timing belt and eventually the timing belt drives the two camshaft opens and closes the engine's valves to allow air and gas in and out of the engine. If the timing belt does not work well, the pistons and valves may crash, so it should replace regularly. Some of the key players profiled in the study are Gates Corporation (United States), Dayco (United States), Mitsuboshi (Japan), Tsubakimoto (Japan), Bando (Japan), Hutchinson Group (France), ACDelco (United States), Arntz Optibelt Gmbh (Germany), SKF (Canada) and Daishan Heiner Rubber Belt Co. Ltd (China).
On the basis of geography, the market of Automobile Synchronous Belts 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). If we see Market by Material, the sub-segment i.e. Rubber will boost the Automobile Synchronous Belts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Development in Aftermarket Segment
- Increasing Demand for Automobiles
- Use of Thermally-Stable Materials for Producing Timing Belts
- Increasing Use of Fiber-Reinforced Materials in Automotive Timing Belts
- Power Transfer Capacity Is Comparatively Less
- Infrastructure Development in Emerging Economies
- Damaged Sprockets Can Burn the Belt Material
Major Market Developments:
On February 6, 2019 Dayco Products, LLC has announced the latest development to their race series of products, the Dayco Racing supercharger belt. Specifically engineered for Top Fuel dragsters and Funny Cars, Dayco Racing blower belt is engineered with carbon and designed specifically for supercharged nitromethane engines.
Manufacturers of Automobile Synchronous Belts, Suppliers of Automobile Synchronous Belts, Wholesalers, Distributors and Retailers of Automobile Synchronous Belts, Automobile Industry and Automotive Aftermarket
Major Objectives Focused through this Study
To define, describe, and forecast the Global Automobile Synchronous Belts market on the basis of product [Belt and Chain] , application [Automotive OEM and Automotive Aftermarket], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automobile Synchronous Belts market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Automobile Synchronous Belts industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Megadyne Group (Italy), Habasit (Switzerland), Ningbo Yujiang Special Rubber Belts Co., Ltd. (China) and Bosch Auto Parts (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automobile Synchronous Belts market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.