Global Automotive Tensioner Market Size study & Forecast, by Type (Automotive Belt Tensioner, Automotive Chain Tensioner) By Application (Passenger Cars, Commercial Vehicles) and Regional Analysis, 2023-2030

Global Automotive Tensioner Market Size study & Forecast, by Type (Automotive Belt Tensioner, Automotive Chain Tensioner) By Application (Passenger Cars, Commercial Vehicles) and Regional Analysis, 2023-2030

Global Automotive Tensioner Market is valued approximately at USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Automotive Tensioner referred to as a timing belt tensioner or a serpentine belt tensioner, is a component used in internal combustion engines to maintain proper tension on the timing belt or serpentine belt. These belts are crucial for synchronizing the rotation of the engine's camshaft(s) and crankshaft, as well as driving various auxiliary components such as the alternator, water pump, power steering pump and air conditioning compressor. The Automotive Tensioner market is expanding because of factors such as rising number of passenger cars and growing demand for light weight commercial vehicles. As a result, the demand for Automotive Tensioner has progressively increased in the international market during the forecast period 2023-2030.

Automotive tensioners are essential components of engines that help maintain optimum tension in belts such as timing and ancillary belts. According to the Statista, in 2020, the global passenger car sales accounts 53.92 million units in number and reached up to 57.49 million units in number in 2022. Furthermore, Original Equipment Manufacturers (OEMs) supplying parts to automakers also benefit from the increasing number of passenger cars. Another important factor driving the Automotive Tensioner market is increasing demand for light weight commercial vehicles. Lightweight commercial vehicles are designed to be more fuel efficient than their heavy duty vehicles. Automotive tensioners help to maintain optimum tension in engine belts, which improves the overall efficiency of the engine system. Properly tensioned belts reduce friction and power loss, resulting in improved fuel economy. In addition, as per Statista, the global Light Commercial Vehicles market accounts 19.89 million unit sales and projected to reach up to 20.47 million unit sales by the year 2029. Moreover, growing awareness regarding environmental issues and technological advancement in automotive tensioner is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, high cost of automotive tensioner and chances of failures in tensioner impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Automotive Tensioner Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to the rising production of automobiles in the region. Modern vehicles are equipped with more sophisticated engine systems, including those requiring advanced tensioner designs to meet performance and efficiency standards. This drives innovation and development in the automotive tensioner market, as manufacturers strive to meet the requirements of newer vehicle models. The region’s dominant performance is anticipated to propel the overall demand of Automotive Tensioner. Europe is expected to grow as the fastest growing region during the forecast period, owing to factors such as stringent government regulations towards vehicle emission in the region.

Major market player included in this report are:
Continental AG
Dayco LLC
Gates Industrial Corporation plcLitens Automotive Group
NTN Corporation
Mubea Group
Tsubakimoto Chain Co.
KMC Chain Industrial Co., Ltd.
Pricol Limited
Aba Automotive Ltd

Recent Developments in the Market:
 In June 2023, NTN Corporation has developed a ""Twin Arm Auto Tensioner for Accessory Drive Belt System"" that automatically and properly changes the belt tension of the auxiliary drive belt system used in engines of mild hybrid electric vehicles. In addition to the interlocking mechanism of the two arms, the product incorporates the industry's first mechanism that suppresses excessive belt runout to optimise belt tension of the accessory drive belt in each driving mode of MHEVs, thereby reducing engine vibration and noise and improving fuel efficiency.

Global Automotive Tensioner Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type
Automotive Belt Tensioner
Automotive Chain Tensioner

By Application
Passenger Cars
Commercial Vehicles


By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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