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Timing Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global timing belt market was worth US$ 6.3 Billion in 2018. 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.

Timing Belt Market Report

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. Looking forward, we expect the global timing belt market to reach a value of US$ 8.8 Billion by 2024, exhibiting a CAGR of 5.6% during 2019-2024.

Global Timing Belt Market By Region

Market Summary:

  • Based on the drive type, the market has been segmented into dry belts, chains and belt in oil.
  • Based on the component, the market has been segmented into tensioner, idler pulleys, timing shield/cover and sprocket.
  • Based on the vehicle type, the market has been segmented into passenger vehicle and commercial vehicle.
  • Based on the distribution channel, the market has been segmented into OEM and aftermarket.
  • Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America.
  • 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:

  • How has the global timing belt market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global timing belt industry?
  • What is the breakup of the global timing belt market on the basis of drive type?
  • What is the breakup of the global timing belt market on the basis of component?
  • What is the breakup of the global timing belt market on the basis of distribution channel?
  • What is the breakup of the global timing belt market on the basis of vehicle type?
  • What are the various stages in the value chain of the global timing belt market?
  • What are the key driving factors and challenges in the global timing belt market?
  • What is the structure of the global timing belt market and who are the key players?
  • What is the degree of competition in the global timing belt market?
  • How are timing belts manufactured?

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    Market Breakup by Drive Type
    5.4    Market Breakup by Component
    5.5    Market Breakup by Distribution Channel
    5.6    Market Breakup by Vehicle Type
    5.7    Market Breakup by Region
    5.8    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

List of Figures

Figure 1: Global: Timing Belt Market: Major Drivers and Challenges
Figure 2: Global: Timing Belt Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Timing Belt Market: Breakup by Drive Type (in %), 2018
Figure 4: Global: Timing Belt Market: Breakup by Component (in %), 2018
Figure 5: Global: Timing Belt Market: Breakup by Distribution Channel (in %), 2018
Figure 6: Global: Timing Belt Market: Breakup by Vehicle Type (in %), 2018
Figure 7: Global: Timing Belt Market: Breakup by Region (in %), 2018
Figure 8: Global: Timing Belt Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: Global: Timing Belt Industry: SWOT Analysis
Figure 10: Global: Timing Belt Industry: Value Chain Analysis
Figure 11: Global: Timing Belt Industry: Porter’s Five Forces Analysis
Figure 12: Global: Timing Belt (Dry Belts) Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Timing Belt (Dry Belts) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Timing Belt (Chain) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Timing Belt (Chain) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Timing Belt (Belt in Oil) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Timing Belt (Belt in Oil) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Timing Belt (Tensioner) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Timing Belt (Tensioner) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Timing Belt (Idler Pulleys) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Timing Belt (Idler Pulleys) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Timing Belt (Timing Shield/Cover) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Timing Belt (Timing Shield/Cover) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Timing Belt (Sprocket) Market: Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Timing Belt (Sprocket) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Timing Belt Market: Sales through OEM (in Million US$), 2011 & 2018
Figure 27: Global: Timing Belt Market Forecast: Sales through OEM (in Million US$), 2019-2024
Figure 28: Global: Timing Belt Market: Sales through Aftermarket (in Million US$), 2011 & 2018
Figure 29: Global: Timing Belt Market Forecast: Sales through Aftermarket (in Million US$), 2019-2024
Figure 30: Global: Timing Belt (Passenger Vehicle) Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Global: Timing Belt (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Timing Belt (Commercial Vehicle) Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Global: Timing Belt (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Europe: Timing Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Europe: Timing Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: North America: Timing Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: North America: Timing Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Asia Pacific: Timing Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 39: Asia Pacific: Timing Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Middle East and Africa: Timing Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 41: Middle East and Africa: Timing Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Latin America: Timing Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 43: Latin America: Timing Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Timing Belt Manufacturing: Process Flow


List of Tables

Table 1: Global: Timing Belt Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Timing Belt Market Forecast: Breakup by Drive Type (in Million US$), 2019-2024
Table 3: Global: Timing Belt Market Forecast: Breakup by Component (in Million US$), 2019-2024
Table 4: Global: Timing Belt Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 5: Global: Timing Belt Market Forecast: Breakup by Vehicle Type (in Million US$), 2019-2024
Table 6: Global: Timing Belt Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Timing Belt: Raw Material Requirements
Table 8: Global: Timing Belt Market Structure
Table 9: Global: Timing Belt Market: Key Players

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