Timing Belt Market Report by Drive Type (Dry Belts, Chain, Belt in Oil), Component (Tensioner, Idler Pulleys, Timing Shield/Cover, Sprocket), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Distribution Channel (OEM, Aftermarket), and Region 2024-20

Timing Belt Market Report by Drive Type (Dry Belts, Chain, Belt in Oil), Component (Tensioner, Idler Pulleys, Timing Shield/Cover, Sprocket), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Distribution Channel (OEM, Aftermarket), and Region 2024-2032


The global timing belt market size reached US$ 7.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.


A timing belt is a ribbed belt that is used to create a synchronisation between the crankshaft’s rotation and the engine valves so that the valves will open and close at an appropriate time. A timing belt is fixed under a timing cover situated in front of the engine. It is commonly manufactured out of high-quality rubber with nylon-reinforced cords inside to extend the life of the belt. A timing belt is also used to drive some additional components like water pump, oil pump, balance shaft, etc. which are also required to be synchronised with the crankshaft.

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 replacemet 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 Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global timing belt market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on drive type, component, vehicle type and distribution channel.

Breakup by Drive Type:

Dry Belts
Chain
Belt in Oil

Based on the drive type, the market has been segmented into dry belts, chains and belt in oil.

Breakup by Component:

Tensioner
Idler Pulleys
Timing Shield/Cover
Sprocket

Based on the component, the market has been segmented into tensioner, idler pulleys, timing shield/cover and sprocket.

Breakup by Vehicle Type:

Passenger Vehicle
Commercial Vehicle

Based on the vehicle type, the market has been segmented into passenger vehicle and commercial vehicle.

Breakup by Distribution Channel:

OEM
Aftermarket

Based on the distribution channel, the market has been segmented into OEM and aftermarket.

Breakup by Region:

Europe
North America
Asia Pacific
Middle East and Africa
Latin America

Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being B&B Manufacturing, ContiTech, The Carlstar Group, Gates Corporation, J.K. Fenner Limited, ACDelco, Federal-Mogul Motorparts Corporation, Bando USA, Dayco, Ningbo Beidi Synchronous Belt, Goodyear SKF, Ningbo Fulong Synchronous Belt, MAHLE Aftermarket and Tsubaki.

Key Questions Answered in This Report

1. What was the size of the global timing belt market in 2023?
2. What is the expected growth rate of the global timing belt market during 2024-2032?
3. What are the key factors driving the global timing belt market?
4. What has been the impact of COVID-19 on the global timing belt market?
5. What is the breakup of the global timing belt market based on the vehicle type?
6. What are the key regions in the global timing belt market?
7. Who are the key players/companies in the global timing belt market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Timing Belt Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Drive Type
5.5 Market Breakup by Component
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Vehicle Type
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Drive Type
6.1 Dry Belts
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Chain
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Belt in Oil
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Component
7.1 Tensioner
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Idler Pulleys
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Timing Shield/Cover
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Sprocket
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 OEM
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aftermarket
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Vehicle Type
9.1 Passenger Vehicle
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial Vehicle
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 Europe
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 Global Timing Belt Industry: SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Global Timing Belt Industry: Value Chain Analysis
12.1 Overview
12.2 Research and Development
12.3 Raw Material Procurement
12.4 Manufacturing
12.5 Marketing
12.6 Distribution
12.7 End-Use
13 Global Timing Belt Industry: Porters Five Forces Analysis
13.1 Overview
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
16.3.2 ContiTech
16.3.3 The Carlstar Group
16.3.4 Gates Corporation
16.3.5 J.K. Fenner Limited
16.3.6 ACDelco
16.3.7 Federal-Mogul Motorparts Corporation
16.3.8 Bando USA
16.3.9 Dayco
16.3.10 Ningbo Beidi Synchronous Belt
16.3.11 Goodyear SKF
16.3.12 Ningbo Fulong Synchronous Belt
16.3.13 MAHLE Aftermarket
16.3.14 Tsubaki

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings