Global Timing Belt Industry

Global Timing Belt Industry

  • October 2019 •
  • 250 pages •
  • Report ID: 5799808 •
  • Format: PDF
Timing Belt market worldwide is projected to grow by US$2.5 Billion, driven by a compounded growth of 4.9%. Dry Belts, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.3 Billion by the year 2025, Dry Belts will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 3.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$87.9 Million to the region’s size and clout in the next 5 to 6 years. Over US$72.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Dry Belts will reach a market size of US$218.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.9% over the next couple of years and add approximately US$735.6 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- 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)