The timing belt market is expected to see continued growth in coming years.

According to Yahoo! Finance:

“Amid the COVID-19 crisis, the global market for Timing Belts estimated at US$6.5 Billion in the year 2020, is projected to reach a revised size of US$8.4 Billion by 2027, growing at a CAGR of 3.6% over the analysis period 2020-2027.

“Dry Belts, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$4.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Chains segment is readjusted to a revised 4.1% CAGR for the next 7-year period.

The U. S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 6.5% CAGR

“The Timing Belts market in the U. S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Belt in Oil Segment to Record 2.7% CAGR

“In the global Belt in Oil segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027, while Latin America will expand at a 3.5% CAGR through the analysis period.

“The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • “Aisin Europe Aftermarket
  • “BorgWarner, Inc.
  • “Continental AG
  • “Goodyear Tire & Rubber Company
  • “J. K. Fenner (India) Ltd.
  • “NTN Corporation
  • “Schaffner Holding AG
  • “SKF Group
  • “Toyota Motor Sales U. S. A., Inc.
  • “Tsubakimoto Chain Co. (Tsubaki Group)

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • “Global Competitor Market Shares
  • “Timing Belt Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • “Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • “Timing Belts Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • “Timing Belts Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
  • “Timing Belts Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
  • “Dry Belts (Drive Type) World Market by Region/Country in US$ Million: 2020 to 2027
  • “Dry Belts (Drive Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
  • “Dry Belts (Drive Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
  • “Chains (Drive Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
  • “Chains (Drive Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
  • “Chains (Drive Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
  • “Belt in Oil (Drive Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
  • “Belt in Oil (Drive Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
  • “Belt in Oil (Drive Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
  • “Idler Pulley (Component) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
  • “Idler Pulley (Component) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
  • “Idler Pulley (Component) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
  • “Sprocket (Component) World Market by Region/Country in US$ Million: 2020 to 2027
  • “Sprocket (Component) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
  • “Sprocket (Component) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
  • “Tensioner (Component) World Market Estimates and Forecasts in US$ Million by Region/Country: 2020 to 2027
  • “Tensioner (Component) Market Worldwide Historic Review by Region/Country in US$ Million: 2012 to 2019
  • “Tensioner (Component) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027
  • “Timing Shield/Cover (Component) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2020 to 2027
  • “Timing Shield/Cover (Component) Global Historic Demand in US$ Million by Region/Country: 2012 to 2019
  • “Timing Shield/Cover (Component) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • “Market Facts & Figures
  • “Timing Belt Market Share (in %) by Company: 2019 & 2025
  • “Market Analytics
  • “Timing Belts Market Estimates and Projections in US$ Million by Drive Type: 2020 to 2027
  • “Timing Belts Market by Drive Type: A Historic Review in US$ Million for 2012-2019
  • “Timing Belts Market Share Breakdown by Drive Type: 2012 VS 2020 VS 2027
  • “Timing Belts Market Estimates and Projections in US$ Million by Component: 2020 to 2027
  • “Timing Belts Market by Component: A Historic Review in US$ Million for 2012-2019
  • “Timing Belts Market Share Breakdown by Component: 2012 VS 2020 VS 2027

IV. COMPETITION

  • “Total Companies Profiled: 58”

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