Report Description

Global timing belt market is expected to grow at a steady rate during the forecast period. The global timing belt market is driven by the increasing racing events such as motorbike races, formula one, NASCAR, among others. This has drastically increased the market for high performance vehicles which frequently require timing belts. This in turn is positively impacting the market growth through 2028. Additionally, growing consumer preferences for increasing the life of their vehicles is further expected to fuel the market growth during the forecast period. Furthermore, ongoing technological advancements such as shift towards light weight vehicle components and rising investments by the major OEMs operating in the market is expected to create lucrative opportunities for the market growth over the next few years. However, high cost of timing belt can hamper the market growth. Besides, growing adoption of electric vehicles can further impede the market growth during the forecast period.

The global timing belt market is segmented based on vehicle type, component, drive type, demand category, company and region. Based on the vehicle type, the market can be categorized into passenger car, commercial vehicle and others. The passenger car segment is expected to dominate the market on account of the rising income levels and growing demand for passenger cars, especially in the emerging countries. Additionally, growing production of passenger cars with ICE engine due to increasing vehicle ownership further drives the segmental growth.

Regionally, the timing belt market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific is expected to register the highest growth in the overall timing belt market owing to the increasing vehicle production especially in China and India. Additionally, increasing manufacturing of automotive components and accessories due to low manufacturing and labor costs in the region is expected to create lucrative opportunities for the market growth.

The major players operating in the timing belt market are Continental AG, Toyota Motor Sales U.S.A., Inc., Aisin Europe Aftermarket, The Goodyear Tire & Company, Tsubakimoto Chain Co. (Tsubaki Group), Schaffler Holdings AG, Borgwarner, Inc., NTN Corporation, J.K. Fenner Ltd., SKF Group and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In October 2022, Continental AG acquired assets and business of CPR’s Industries’ Continental related belts and bet kits program for bringing all its Continental Branded aftermarket belt products under its North American Business

Objective of the Study:

  • To analyze and estimate the market size of global timing belt market from 2018 to 2021.
  • To estimate and forecast the market size of global timing belt market from 2022 to 2028 and growth rate until 2028.
  • To classify and forecast global timing belt market based on vehicle type, component, drive type, demand category, company, and regional distribution.
  • To identify dominant region or segment in the global timing belt market.
  • To identify drivers and challenges for global timing belt market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global timing belt market.
  • To identify and analyze the profile of leading players operating in global timing belt market.
  • To identify key sustainable strategies adopted by market players in global timing belt market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global timing belt market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Timing belt manufacturers/ suppliers/ distributors
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to timing belt

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Vehicle Type

·         Component

·         Drive Type

·         Demand Category

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt

Key Companies Profiled

Continental AG, Toyota Motor Sales U.S.A., Inc., Aisin Europe Aftermarket, The Goodyear Tire & Company, Tsubakimoto Chain Co. (Tsubaki Group), Schaffler Holdings AG, Borgwarner, Inc., NTN Corporation, J.K. Fenner Ltd., SKF Group.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global timing belt market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Timing belt Market, By Vehicle Type:
    • Passenger Car
    • Commercial Vehicle
    • Others
  • Global Timing belt Market, By Component:
    • Tensioner
    • Timing Shield/Cover
    • Sprocket
    • Idler Pulley
    • Others
  • Global Timing belt Market, By Drive Type:
    • Dry Belts
    • Chain
    • Belt in Oil
    • Others
  • Global Timing belt Market, By Demand Category:
    • OEM
    • Aftermarket
  • Global Timing belt Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global timing belt market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global timing belt market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Timing Belt Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Timing Belt Market Outlook

6.1.  Market Drive Type & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, Commercial Vehicle, Others)

6.2.2.     By Component (Tensioner, Timing Shield/Cover, Sprocket, Idler Pulley, Others)

6.2.3.     By Drive Type (Dry Belts, Chain, Belt in Oil, Others)

6.2.4.     By Demand Category (OEM v/s Aftermarket)

6.2.5.     By Company (2022)

6.2.6.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Timing Belt Market Outlook

7.1.  Market Drive Type & Forecast 

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Component

7.2.3.     By Drive Type

7.2.4.     By Demand Category

7.2.5.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Timing Belt Market Outlook

7.3.1.1.         Market Drive Type & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Vehicle Type

7.3.1.2.2.             By Component

7.3.1.2.3.             By Drive Type

7.3.1.2.4.             By Demand Category

7.3.2.     India Timing Belt Market Outlook

7.3.2.1.         Market Drive Type & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Vehicle Type

7.3.2.2.2.             By Component

7.3.2.2.3.             By Drive Type

7.3.2.2.4.             By Demand Category

7.3.3.     Australia Timing Belt Market Outlook

7.3.3.1.         Market Drive Type & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Vehicle Type

7.3.3.2.2.             By Component

7.3.3.2.3.             By Drive Type

7.3.3.2.4.             By Demand Category

7.3.4.     Japan Timing Belt Market Outlook

7.3.4.1.         Market Drive Type & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Vehicle Type

7.3.4.2.2.             By Component

7.3.4.2.3.             By Drive Type

7.3.4.2.4.             By Demand Category

7.3.5.     South Korea Timing Belt Market Outlook

7.3.5.1.         Market Drive Type & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Vehicle Type

7.3.5.2.2.             By Component

7.3.5.2.3.             By Drive Type

7.3.5.2.4.             By Demand Category

8.    Europe Timing Belt Market Outlook

8.1.  Market Drive Type & Forecast 

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Component

8.2.3.     By Drive Type

8.2.4.     By Demand Category

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Timing Belt Market Outlook

8.3.1.1.         Market Drive Type & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Vehicle Type

8.3.1.2.2.             By Component

8.3.1.2.3.             By Drive Type

8.3.1.2.4.             By Demand Category

8.3.2.     Germany Timing Belt Market Outlook

8.3.2.1.         Market Drive Type & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Vehicle Type

8.3.2.2.2.             By Component

8.3.2.2.3.             By Drive Type

8.3.2.2.4.             By Demand Category

8.3.3.     United Kingdom Timing Belt Market Outlook

8.3.3.1.         Market Drive Type & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Vehicle Type

8.3.3.2.2.             By Component

8.3.3.2.3.             By Drive Type

8.3.3.2.4.             By Demand Category

8.3.4.     Italy Timing Belt Market Outlook

8.3.4.1.         Market Drive Type & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Vehicle Type

8.3.4.2.2.             By Component

8.3.4.2.3.             By Drive Type

8.3.4.2.4.             By Demand Category

8.3.5.     Spain Timing Belt Market Outlook

8.3.5.1.         Market Drive Type & Forecast

8.3.5.1.1.             By Value & Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Vehicle Type

8.3.5.2.2.             By Component

8.3.5.2.3.             By Drive Type

8.3.5.2.4.             By Demand Category

9.    North America Timing Belt Market Outlook

9.1.  Market Drive Type & Forecast 

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Component

9.2.3.     By Drive Type

9.2.4.     By Demand Category

9.2.5.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Timing Belt Market Outlook

9.3.1.1.         Market Drive Type & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Vehicle Type

9.3.1.2.2.             By Component

9.3.1.2.3.             By Drive Type

9.3.1.2.4.             By Demand Category

9.3.2.     Mexico Timing Belt Market Outlook

9.3.2.1.         Market Drive Type & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Vehicle Type

9.3.2.2.2.             By Component

9.3.2.2.3.             By Drive Type

9.3.2.2.4.             By Demand Category

9.3.3.     Canada Timing Belt Market Outlook

9.3.3.1.         Market Drive Type & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Vehicle Type

9.3.3.2.2.             By Component

9.3.3.2.3.             By Drive Type

9.3.3.2.4.             By Demand Category

10.  South America Timing Belt Market Outlook

10.1.              Market Drive Type & Forecast  

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Component

10.2.3.  By Drive Type

10.2.4.  By Demand Category

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Timing Belt Market Outlook

10.3.1.1.      Market Drive Type & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Vehicle Type

10.3.1.2.2.           By Component

10.3.1.2.3.           By Drive Type

10.3.1.2.4.           By Demand Category

10.3.2.  Argentina Timing Belt Market Outlook

10.3.2.1.      Market Drive Type & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Vehicle Type

10.3.2.2.2.           By Component

10.3.2.2.3.           By Drive Type

10.3.2.2.4.           By Demand Category

10.3.3.  Colombia Timing Belt Market Outlook

10.3.3.1.      Market Drive Type & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Vehicle Type

10.3.3.2.2.           By Component

10.3.3.2.3.           By Drive Type

10.3.3.2.4.           By Demand Category

11.  Middle East and Africa Timing Belt Market Outlook

11.1.              Market Drive Type & Forecast  

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Component

11.2.3.  By Drive Type

11.2.4.  By Demand Category

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Timing Belt Market Outlook

11.3.1.1.      Market Drive Type & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Vehicle Type

11.3.1.2.2.           By Component

11.3.1.2.3.           By Drive Type

11.3.1.2.4.           By Demand Category

11.3.2.  Saudi Arabia Timing Belt Market Outlook

11.3.2.1.      Market Drive Type & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Vehicle Type

11.3.2.2.2.           By Component

11.3.2.2.3.           By Drive Type

11.3.2.2.4.           By Demand Category

11.3.3.  UAE Timing Belt Market Outlook

11.3.3.1.      Market Drive Type & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Vehicle Type

11.3.3.2.2.           By Component

11.3.3.2.3.           By Drive Type

11.3.3.2.4.           By Demand Category

11.3.4.  Kuwait Timing Belt Market Outlook

11.3.4.1.      Market Drive Type & Forecast

11.3.4.1.1.           By Value & Volume

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Vehicle Type

11.3.4.2.2.           By Component

11.3.4.2.3.           By Drive Type

11.3.4.2.4.           By Demand Category

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Continental AG

14.2.              Toyota Motor Sales U.S.A., Inc.

14.3.              Aisin Europe Aftermarket

14.4.              The Goodyear Tire & Company

14.5.              Tsubakimoto Chain Co. (Tsubaki Group)

14.6.              Schaffler Holdings AG

14.7.              Borgwarner, Inc.

14.8.              NTN Corporation

14.9.              J.K. Fenner Ltd.

14.10.            SKF Group

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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A large number of racing events such as motorbike races, formula one, NASCAR happening around the globe are the primary factors driving the global timing belt market growth.

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The growing adoption of electric vehicles and the high cost of the timing belt may hinder the growth of the global timing belt market.

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Continental AG, Toyota Motor Sales U.S.A., Inc., Aisin Europe Aftermarket, The Goodyear Tire & Company, Tsubakimoto Chain Co. (Tsubaki Group), Schaffler Holdings AG, Borgwarner, Inc., NTN Corporation, J.K. Fenner Ltd., SKF Group are some of the major market players of the global timing belt market.

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Passenger cars dominate the market and are expected to maintain their dominance throughout the forecast period due to the high production and sales of passenger cars around the globe.

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Srishti Verma

Business Consultant
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