Skip to main content

Automotive Belts Market Key Opportunity, Analysis, Growth, Trends 2032

 Automotive Belts are power transmission belts that provide a connective link between two parallel rotating shafts, these shafts are fixed with pulleys upon which the belt is looped. Hence, power transmission occurs by friction from the driving shaft to the driven shaft smoothly through these belts.

The global automotive belt market is anticipated to expand at a CAGR of 3.9% during the course of the projected period, per FMI analysis. In order to reach US$ 20,473.5 million in 2032, this is anticipated to surpass US$ 13,902.6 million in 2022.

Automotive belts are also utilized as timing belts to synchronize the functions of engine valves via a camshaft. Automotive belts used in vehicles are designed as endless belts and are commonly manufactured from materials such as neoprene, chloroprene, and ethylene propylene diene monomer rubber (EPDM rubber).

The inner surface and the cross sectional area of the automotive belt differs according to the function the belt needs to perform. Automotive functions such as air-conditioning, power steering function, water pump function and drive alternator are performed by the V-belt while valve timings through the camshaft is usually performed by the toothed belt.

Serpentine belts are newer form of automotive belts where all the automotive functions, collectively known as engine accessories, are performed by the connections through a shaft and pulley system is done by a long single endless belt. This form of belt negates the usage of multiple V-belts in an automotive engine.

Automotive Belts Market Dynamics

The Production numbers of automobile worldwide is on a constant increase on a yearly basis as per the demands witnessed in many developing countries. This factor is the prime reason for fueling the growth of the automotive belts market. Automotive belts primarily function through friction between the pulley and the belt which is susceptible to wear and tear due to continuous usage leading to decreased performance, engine efficiency and slippage.

This problem is usually rectified by the replacement of the belt prompting the growth of the automotive belt market in the aftermarket segment as well. The influence of the Environmental Protection Agency to reduce greenhouse gases emission and control of pollution has pushed the automotive vehicles manufacturers to produce highly efficient and less polluting engines that require very precise and long lasting automotive belt.

This factor has also fueled the growth of automotive belts market as more and more vehicle manufacturers opt for belts that are efficient and environmental friendly.

Automotive Belts Market: Regional Outlook

The Global Automotive Belts market can be segmented into seven distinct geographical divisions such as North America, Latin America, Western and Eastern Europe, Asia-Pacific Excl. Japan (APEJ), Japan, Middle East and Africa.

Developing countries in Latin America and the Asia Pacific region such as Mexico, China and India witnessed the fastest growth of automobile production and sales which can further fuel the improvement of automotive belts market.

In APEJ region China, South Korea, and India are the top automobile producing countries making them prominent market for automotive belts. In the North American region U.S. is anticipated to show high growth of automotive belts market owing to improved production of automobiles.

Western Europe is exhibited to show a prominent growth of automotive production especially in countries such as Germany, Spain, France, U.K., and Italy hence enhancing the market for automotive belts in Western Europe.

The increasing trend of reselling automobiles in the Middle East and Africa region has prompted an improvement in the demand for automotive belts, thereby improving the market in the aftermarket segment.

Automotive Belts Market: Key Players

  • Some of the major players identified in the Global Automotive Belts Market are
  • Gates Corporation
  • Midas International Corporation
  • Mitsuboshi Belting Ltd. Group
  • Helicord Transmissions Pvt. Ltd.
  • B&B Manufacturing
  • The Carlstar Group LLC
  • Continental AG
  • Bearings and Power Transmission Solutions
  • CRP Industries Inc.
  • BG Automotive
  • Hutchinson Group
  • Bando Chemical Industries Ltd.

Automotive Belts Market: Segmentation

Automotive Belts Market can be segmented by vehicle type, sales channel and type.

By vehicle type, automotive belts can be segmented as:

  • Passenger vehicles
  • Light Commercial vehicles
  • Heavy Commercial vehicles

By sales channel, it can be segmented as:

  • Original Equipment Manufacturer
  • Aftermarket

By type, it can be segmented as:

  • Timing Belts
  • Drive Belts
  • Single V-Belt
  • Multi-function V-Belt/Serpentine Belt

Regional analysis includes

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern Europe
  • Middle East & Africa

For More Info@ https://www.futuremarketinsights.com/reports/automotive-belts-market

Comments

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geographi

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov