The global automotive drive belts market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of this market is driven by the increasing demand for passenger cars and light commercial vehicles in emerging economies such as China and India, which are witnessing an increase in their per capita income levels. The increasing demand for passenger cars and light commercial vehicles has led to an increase in the number of vehicles on roads, thereby leading to a rise in the demand for automotive drive belts.
The timing belt segment accounted for over 50% share of the global automotive drive belts market in 2017, followed by serpentine belt segment with a share of around 40%. Timing belt segment is expected to maintain its dominance throughout the forecast period due to its high durability and low maintenance cost as compared with serpentine belt segments.
- The increasing demand for fuel-efficient vehicles and the need for better engine performance are driving the growth of this market.
- Increasing demand for electric vehicles is also driving the growth of this market.
- Increasing vehicle production in emerging economies such as China, India, and Brazil is also driving the growth of this market.
- The increasing number of accidents due to faulty drive belts is also driving the growth of this market.
Industry Growth Insights published a new data on “Automotive Drive Belts Market”. The research report is titled “Automotive Drive Belts Market research by Types (Timing Belt, Serpentine Belt), By Applications (OEM, Aftermarket), By Players/Companies ContiTech AG, Gates, Partners Group, Bando Chemical Industries, Ltd., Nitta, N.K. Enterprises, Dharamshila Belting, SANLUX, CHIORINO, Jiangyin TianGuang, Volta Belting, Habasit, Mitsuboshi, Forbo Movement Systems, Dayco”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Drive Belts Market Research Report
By Type
Timing Belt, Serpentine Belt
By Application
OEM, Aftermarket
By Companies
ContiTech AG, Gates, Partners Group, Bando Chemical Industries, Ltd., Nitta, N.K. Enterprises, Dharamshila Belting, SANLUX, CHIORINO, Jiangyin TianGuang, Volta Belting, Habasit, Mitsuboshi, Forbo Movement Systems, Dayco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Drive Belts Market Report Segments:
The global Automotive Drive Belts market is segmented on the basis of:
Types
Timing Belt, Serpentine Belt
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ContiTech AG
- Gates
- Partners Group
- Bando Chemical Industries, Ltd.
- Nitta
- N.K. Enterprises
- Dharamshila Belting
- SANLUX
- CHIORINO
- Jiangyin TianGuang
- Volta Belting
- Habasit
- Mitsuboshi
- Forbo Movement Systems
- Dayco
Highlights of The Automotive Drive Belts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Timing Belt
- Serpentine Belt
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Drive Belts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive drive belts are used in vehicles to transfer power from the engine to the wheels. They are made of a variety of materials, including rubber, metal and plastic.
Some of the key players operating in the automotive drive belts market are ContiTech AG, Gates, Partners Group, Bando Chemical Industries, Ltd., Nitta, N.K. Enterprises, Dharamshila Belting, SANLUX, CHIORINO, Jiangyin TianGuang, Volta Belting, Habasit, Mitsuboshi, Forbo Movement Systems, Dayco.
The automotive drive belts market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Drive Belts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Drive Belts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Drive Belts Market - Supply Chain
4.5. Global Automotive Drive Belts Market Forecast
4.5.1. Automotive Drive Belts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Drive Belts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Automotive Drive Belts Market Absolute $ Opportunity
5. Global Automotive Drive Belts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automotive Drive Belts Market Size and Volume Forecast by Type
5.3.1. Timing Belt
5.3.2. Serpentine Belt
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Automotive Drive Belts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Automotive Drive Belts Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Automotive Drive Belts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Automotive Drive Belts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Automotive Drive Belts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Automotive Drive Belts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Automotive Drive Belts Demand Share Forecast, 2019-2026
9. North America Automotive Drive Belts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Automotive Drive Belts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Automotive Drive Belts Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Automotive Drive Belts Market Size and Volume Forecast by Type
9.7.1. Timing Belt
9.7.2. Serpentine Belt
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Automotive Drive Belts Demand Share Forecast, 2019-2026
10. Latin America Automotive Drive Belts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Automotive Drive Belts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Automotive Drive Belts Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Automotive Drive Belts Market Size and Volume Forecast by Type
10.7.1. Timing Belt
10.7.2. Serpentine Belt
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Automotive Drive Belts Demand Share Forecast, 2019-2026
11. Europe Automotive Drive Belts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Automotive Drive Belts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Automotive Drive Belts Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Automotive Drive Belts Market Size and Volume Forecast by Type
11.7.1. Timing Belt
11.7.2. Serpentine Belt
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potntial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Automotive Drive Belts Demand Share, 2019-2026
12. Asia Pacific Automotive Drive Belts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Automotive Drive Belts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Automotive Drive Belts Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Automotive Drive Belts Market Size and Volume Forecast by Type
12.7.1. Timing Belt
12.7.2. Serpentine Belt
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Automotive Drive Belts Demand Share, 2019-2026
13. Middle East & Africa Automotive Drive Belts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Automotive Drive Belts Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Automotive Drive Belts Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Automotive Drive Belts Market Size and Volume Forecast by Type
13.7.1. Timing Belt
13.7.2. Serpentine Belt
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Automotive Drive Belts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Automotive Drive Belts Market: Market Share Analysis
14.2. Automotive Drive Belts Distributors and Customers
14.3. Automotive Drive Belts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ContiTech AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gates
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Partners Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bando Chemical Industries, Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nitta
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. N.K. Enterprises
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dharamshila Belting
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SANLUX
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CHIORINO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jiangyin TianGuang
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Volta Belting
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Habasit
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mitsuboshi
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Forbo Movement Systems
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dayco
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
