Market Overview:
The global automotive V-belts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing awareness about fuel efficiency are also contributing to the growth of this market. The global automotive V-belts market is segmented on the basis of type, application, and region. On the basis of type, it is divided into single V-belts and multi V-belts. Single V-belt dominates this market owing to its low cost and easy installation process as compared to multi V-belt systems. By application, it is classified into passenger vehicles and commercial vehicles segments respectively.
Product Definition:
A V-belt is a belt that has a V-shaped cross section. Automotive V-belts are used to power the engine, transmission, and other components in automobiles. They are important because they create a lot of power while being relatively thin and lightweight.
Single V-Belts:
Single V-belts, also known as Slit Belts or Single Clutch Belts (SCB), are a type of transmission belt used in automotive applications. They have high torque and low speed which makes them suitable for the automotive industry. The growth factor in this market is the growing demand from Asia Pacific region due to increasing production facilities set up by major automobile manufacturers such as Toyota and Hyundai on account of rapid urbanization and rising disposable income levels among consumers.
Multi V-Belts:
Multi V-belts are used in automotive industry to replace the standard V-belts. The main objective of using multi v-belt is to reduce the number of pulleys and increase efficiency by eliminating power loss caused due to friction. Multi v-belt has several advantages over single v-belt such as, it can carry more load at a time, provide better traction and performance on account of its teeth design, provides longer operational life with proper maintenance and periodic replacement etc.
Application Insights:
The passenger vehicles segment held the largest share of over 70.0% in 2017. The demand for automotive v-belts is expected to increase with the growing requirement of replacing old and worn out belts due to their high durability and service life, which will result in increased replacement activities. This factor will have a positive impact on market growth during the forecast period.
Commercial vehicles are projected to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in commercial vehicle production across major economies such as U.S., China, India, Brazil etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to grow at a significant rate over the forecast period. This growth can be attributed to rising sales of passenger cars, commercial vehicles, and motorcycles in China on account of favorable policies such as “Make In India†initiative by Indian government encouraging domestic manufacturing activities coupled with low import duties levied on automobiles compared to other countries.
The European market was valued at USD X million in 2017 owing to high demand from major markets including Germany, Italy, France along with Eastern Europe countries such as Russia.
Growth Factors:
- Increasing demand for automobiles: The global automotive industry is expected to grow at a CAGR of 4.5% from 2016 to 2020, owing to the increasing demand for passenger cars and commercial vehicles. This will result in an increase in the demand for automotive v-belts, as they are used in most types of vehicles.
- Technological advancements: Automotive v-belts have undergone various technological advancements over the years, which has resulted in their increased adoption by automakers worldwide. These belts are now available with advanced features such as low noise levels and longer life spans, making them more desirable among consumers.
- Stringent emissions regulations: Stringent emissions regulations across different countries are encouraging automakers to adopt more fuel-efficient technologies in their vehicles, including the use of automotive v-belts instead of chains or gearsets. This is likely to boost the market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive V-Belts Market Research Report
By Type
Single V-Belts, Multi V-Belts
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
N.K. Enterprises, Dharamshila Belting, Bando Chemical Industries, Ltd., Partners Group, Chiorino, Navyug, Flexer Rubbers, Mitsuboshi, Fenner Drives, ContiTech AG, Gates, Beha, Optibelt, Sanlux, 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Automotive V-Belts Market Report Segments:
The global Automotive V-Belts market is segmented on the basis of:
Types
Single V-Belts, Multi V-Belts
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
Passenger Vehicles, Commercial Vehicles
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:
- N.K. Enterprises
- Dharamshila Belting
- Bando Chemical Industries, Ltd.
- Partners Group
- Chiorino
- Navyug
- Flexer Rubbers
- Mitsuboshi
- Fenner Drives
- ContiTech AG
- Gates
- Beha
- Optibelt
- Sanlux
- Dayco
Highlights of The Automotive V-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:
- Single V-Belts
- Multi V-Belts
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 V-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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 V-Belts are a type of belt that is used in automobiles, trucks, and other vehicles. They are made from rubber or plastic and have metal plates that help to distribute the load evenly across the belt.
Some of the key players operating in the automotive v-belts market are N.K. Enterprises, Dharamshila Belting, Bando Chemical Industries, Ltd., Partners Group, Chiorino, Navyug, Flexer Rubbers, Mitsuboshi, Fenner Drives, ContiTech AG, Gates, Beha, Optibelt, Sanlux, Dayco.
The automotive v-belts market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive V-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 V-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 V-Belts Market - Supply Chain
4.5. Global Automotive V-Belts Market Forecast
4.5.1. Automotive V-Belts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive V-Belts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Automotive V-Belts Market Absolute $ Opportunity
5. Global Automotive V-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 V-Belts Market Size and Volume Forecast by Type
5.3.1. Single V-Belts
5.3.2. Multi V-Belts
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Automotive V-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 V-Belts Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicles
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Automotive V-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 V-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 V-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 V-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 V-Belts Demand Share Forecast, 2019-2026
9. North America Automotive V-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 V-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 V-Belts Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicles
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Automotive V-Belts Market Size and Volume Forecast by Type
9.7.1. Single V-Belts
9.7.2. Multi V-Belts
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 V-Belts Demand Share Forecast, 2019-2026
10. Latin America Automotive V-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 V-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 V-Belts Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicles
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Automotive V-Belts Market Size and Volume Forecast by Type
10.7.1. Single V-Belts
10.7.2. Multi V-Belts
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 V-Belts Demand Share Forecast, 2019-2026
11. Europe Automotive V-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 V-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 V-Belts Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicles
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Automotive V-Belts Market Size and Volume Forecast by Type
11.7.1. Single V-Belts
11.7.2. Multi V-Belts
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Ptential 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 V-Belts Demand Share, 2019-2026
12. Asia Pacific Automotive V-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 V-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 V-Belts Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicles
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Automotive V-Belts Market Size and Volume Forecast by Type
12.7.1. Single V-Belts
12.7.2. Multi V-Belts
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 V-Belts Demand Share, 2019-2026
13. Middle East & Africa Automotive V-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 V-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 V-Belts Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicles
13.4.2. Commercial Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Automotive V-Belts Market Size and Volume Forecast by Type
13.7.1. Single V-Belts
13.7.2. Multi V-Belts
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 V-Belts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Automotive V-Belts Market: Market Share Analysis
14.2. Automotive V-Belts Distributors and Customers
14.3. Automotive V-Belts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. N.K. Enterprises
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dharamshila Belting
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bando Chemical Industries, Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Partners Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chiorino
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Navyug
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Flexer Rubbers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsuboshi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fenner Drives
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ContiTech AG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Gates
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Beha
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Optibelt
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sanlux
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