Global Timing Belt Market Growth 2023-2029

Global Timing Belt Market Growth 2023-2029

This report studies the Timing Belt market. Timing belt is a synthetic rubber belt, which reinforced with fiber cords. It is a ribbed belt placed in a specific configuration along one side of automobile engine to keep crank and camshafts timed properly. When the engine is on, the crankshaft converts linear energy from the pistons into rotational energy. The rotating wheel drives 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 collide, so drivers should replace timing belt regularly.

LPI (LP Information)' newest research report, the “Timing Belt Industry Forecast” looks at past sales and reviews total world Timing Belt sales in 2022, providing a comprehensive analysis by region and market sector of projected Timing Belt sales for 2023 through 2029. With Timing Belt sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Timing Belt industry.

This Insight Report provides a comprehensive analysis of the global Timing Belt landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Timing Belt portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Timing Belt market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Timing Belt and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Timing Belt.

The global Timing Belt market size is projected to grow from US$ 2993.6 million in 2022 to US$ 3581.3 million in 2029; it is expected to grow at a CAGR of 3581.3 from 2023 to 2029.

At present, there are a mass of manufacturers in the market. Leading five companies in the market are Gates, Continental, BANDO, DAYCO and Tsubakimoto, together occupying about 40% market share. Other major manufacturers in the market are Forbo, Hutchinson, OPTIBELT, Bosch, Mitsuboshi, Timken, Schaeffler, Habasit, ACDelco, SKF, Megadyne, Federal-Mogul, Wuxi Belt, DRB, Ningbo Jiebao, Shanghai Wutong, Ningbo Fulong and Zhejiang Kaiou etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Timing Belt market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Rubber Belt

PU Belt

Segmentation by application

Automotive

Industrial

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Gates

Continental

BANDO

DAYCO

Tsubakimoto

Forbo

Hutchinson

OPTIBELT

Bosch

Mitsuboshi

Timken

Schaeffler

Habasit

ACDelco

SKF

Megadyne

Federal-Mogul

Wuxi Belt

DRB

Ningbo Jiebao

Shanghai Wutong

Ningbo Fulong

Zhejiang Kaiou

Key Questions Addressed in this Report

What is the 10-year outlook for the global Timing Belt market?

What factors are driving Timing Belt market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Timing Belt market opportunities vary by end market size?

How does Timing Belt break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.