Market Overview:
The global automotive cooling fan belt market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, the growing awareness about vehicle safety and fuel efficiency is also propelling the demand for automotive cooling fan belts. The global automotive cooling fan belt market can be segmented on the basis of type into triangle type, wedge belt type, and timing belt type. The wedge belt type segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its high durability and low noise levels. On the basis of application,the global automotive cooling fan beltmarket can be divided into passenger cars and commercial vehicles segments.
Product Definition:
A belt that transfers power from the engine to the fan that cools the car's radiator.
Triangle Type:
Triangle type cooling fan belt is used in automotive engine blocks to transmit the heat generated by the engine to a radiator. The shape of this belt is designed so that air movement over its surface creates a wind tunnel effect, which helps cool down the block and the attached fans. These belts are primarily used in vehicles with rear mounted engines as they provide better cooling than round type belts at lower speeds.
Wedge Belt Type:
The wedge belt type is used in automotive cooling fan belts. It is also known as the power take-off or power distribution belt. The main function of this belt is to distribute the engine's rotational energy evenly among all the fans, which are attached to it and thus help them in functioning efficiently.
Application Insights:
The passenger cars segment held the largest share of over 60.0% in 2017. The growth is attributed to increasing production of passenger cars in emerging economies including China, India and Brazil. In addition, stringent government regulations regarding reduction in vehicular emissions are expected to drive the demand for automotive cooling fans over the forecast period.
Commercial vehicles segment is anticipated to witness significant growth owing to rising demand for trucks and buses from various industries including mining, construction and transportation among others. In addition, growing emphasis on maintenance schedules by commercial vehicle owners coupled with high repair costs associated with commercial vehicles are likely to propel market growth over the forecast period (2017-2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for passenger cars and light commercial vehicles on account of rising disposable income, changing lifestyle, and growing population. Moreover, stringent government regulations regarding fuel economy are expected to drive the demand for air conditioning units in these vehicles which will further propel market growth over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to high R&D investments by major players coupled with technological innovations across various automotive OEMs operating within this region. North America is also anticipated to witness considerable growth due to increasing adoption of advanced technologies such as start-stop system among others that consume considerable amount of cooling fan belt torque along with other belts during vehicle operation resulting into increased product demand within this region over the forecast period.
Growth Factors:
- Increasing demand for automobiles
- Growing automotive industry in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in cooling fan belt manufacturing process
- Stringent government regulations for emission control
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Cooling Fan Belt Market Research Report
By Type
Triangle Type, Wedge Belt Type, Timing Belt Type
By Application
Passenger Cars, Commercial Vehicles
By Companies
Bando Chemical Industries (Japan), Meiki Rubber (Japan), Mitsuboshi Belting (Japan), Nishinihon Bando (Japan), Bando Chemical Industries (Japan)
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Cooling Fan Belt Market Report Segments:
The global Automotive Cooling Fan Belt market is segmented on the basis of:
Types
Triangle Type, Wedge Belt Type, Timing Belt Type
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 Cars, 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:
- Bando Chemical Industries (Japan)
- Meiki Rubber (Japan)
- Mitsuboshi Belting (Japan)
- Nishinihon Bando (Japan)
- Bando Chemical Industries (Japan)
Highlights of The Automotive Cooling Fan Belt 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:
- Triangle Type
- Wedge Belt Type
- Timing Belt Type
- By Application:
- Passenger Cars
- 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 Cooling Fan Belt 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?
An automotive cooling fan belt is a belt that helps to circulate air through an automobile's engine and radiator. The fan belt typically has several pulleys, each of which can be rotated to create different amounts of air flow.
Some of the major players in the automotive cooling fan belt market are Bando Chemical Industries (Japan), Meiki Rubber (Japan), Mitsuboshi Belting (Japan), Nishinihon Bando (Japan), Bando Chemical Industries (Japan).
The automotive cooling fan belt market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Cooling Fan Belt Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Cooling Fan Belt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Cooling Fan Belt Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Cooling Fan Belt Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Cooling Fan Belt Market Size & Forecast, 2018-2028
4.5.1 Automotive Cooling Fan Belt Market Size and Y-o-Y Growth
4.5.2 Automotive Cooling Fan Belt Market Absolute $ Opportunity
Chapter 5 Global Automotive Cooling Fan Belt Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Cooling Fan Belt Market Size Forecast by Type
5.2.1 Triangle Type
5.2.2 Wedge Belt Type
5.2.3 Timing Belt Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Cooling Fan Belt Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Cooling Fan Belt Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Cooling Fan Belt Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Cooling Fan Belt Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Cooling Fan Belt Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Cooling Fan Belt Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Cooling Fan Belt Market Size Forecast by Type
9.6.1 Triangle Type
9.6.2 Wedge Belt Type
9.6.3 Timing Belt Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Cooling Fan Belt Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Cooling Fan Belt Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Cooling Fan Belt Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Cooling Fan Belt Market Size Forecast by Type
10.6.1 Triangle Type
10.6.2 Wedge Belt Type
10.6.3 Timing Belt Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Cooling Fan Belt Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Cooling Fan Belt Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Cooling Fan Belt Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Cooling Fan Belt Market Size Forecast by Type
11.6.1 Triangle Type
11.6.2 Wedge Belt Type
11.6.3 Timing Belt Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Cooling Fan Belt Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Cooling Fan Belt Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Cooling Fan Belt Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Cooling Fan Belt Market Size Forecast by Type
12.6.1 Triangle Type
12.6.2 Wedge Belt Type
12.6.3 Timing Belt Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Cooling Fan Belt Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Cooling Fan Belt Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Cooling Fan Belt Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Cooling Fan Belt Market Size Forecast by Type
13.6.1 Triangle Type
13.6.2 Wedge Belt Type
13.6.3 Timing Belt Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Cooling Fan Belt Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Cooling Fan Belt Market: Competitive Dashboard
14.2 Global Automotive Cooling Fan Belt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bando Chemical Industries (Japan)
14.3.2 Meiki Rubber (Japan)
14.3.3 Mitsuboshi Belting (Japan)
14.3.4 Nishinihon Bando (Japan)
14.3.5 Bando Chemical Industries (Japan)
