Market Overview:
The global automotive engine belt 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 premium and luxury vehicles, as well as commercial vehicles. Additionally, the growing awareness about vehicle maintenance is also contributing to the growth of this market. The global automotive engine belt market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into rubber belts, PVC belts, neoprene belts and CR (chlorinated rubber) belts. By application, it can be classified into compact vehicles, mid-sized vehicles, premium vehicles/luxury cars/sports utility vehicles (SUVs), commercial vans/trucks and buses/coaches. Region-wise; it is analyzed across North America (U.S., Canada), Latin America (Brazil), Europe (Germany France Italy Spain U K.), Asia Pacific excluding Japan) (China India South Korea ASEAN countries) and Middle East & Africa).
Product Definition:
The automotive engine belt is a component of the engine that helps to power the vehicle. The belt is made up of rubber and typically has teeth on it that help to grip the pulleys on the engine. The belt helps to power various components of the engine, such as the alternator, water pump, and air conditioning compressor.
Rubber:
Rubber is a durable, flexible, and resilient material that is produced commercially by the process of vulcanization ( heating tire rubber in the presence of sulfuric acid ) of natural latex. Rubber has high tensile strength and good elasticity. It also has a great impact resistance owing to which it widely used in tires for vehicles.
PVC:
Polyvinyl Chloride or PVC is a synthetic polymer with the formula (CH2)nCl. It has a low molecular weight and possesses excellent chemical & electrical resistance properties. It is also used in high-temperature applications as an alternative to metals such as steel, aluminum, and titanium owing to its ability to withstand high temperatures without being melted or deformed.
Application Insights:
The premium vehicle application segment led the global automotive engine belt market in 2017 and is projected to expand at a significant CAGR over the forecast period. This growth can be attributed to an increase in demand for luxury vehicles across various regions, including Asia Pacific, North America and Europe. For instance, according to a study published by LMC Automotive in 2018, there was an increase of around 11% in the number of Luxury Vehicles (defined as cars costing more than USD 35000) globally from 2016 to 2017.
In addition, technological advancements coupled with high production rates are expected to fuel product demand over the forecast period. For instance, PVC engine belts are being replaced by rubber or neoprene alternatives due largelyto their better heat resistance properties when it comes to high-performance engines operating at elevated temperatures.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing automotive production and sales, especially in China, India, Japan and South Korea. In addition, rising disposable income levels are anticipated to fuel automobile demand further.
The European market was valued at USD X billion in 2017.
North America accounted for more than 20% share of overall revenue that same year owing its high demand for luxury vehicles such as BMWs, Volvos etc.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Stringent emission norms by regulatory authorities across the globe
- Proliferation of electric and hybrid vehicles
- Development of advanced belt technologies that offer improved performance and durability
- Growing popularity of automotive aftermarket products
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Engine Belt Market Research Report
By Type
Rubber, PVC, Neoprene, CR
By Application
Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicles, Sport Utility Vehicle
By Companies
Prestone, Goodyear, Dayton, Gates, Motorcraft, Continental, PPE, Bosch, CRH, A.J.Rose, Prestone, Bando, Dayco, TSUBAKIMOTO, BMW, Dorman, Gunk, Serpentine, Poly, Bando
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Engine Belt Market Report Segments:
The global Automotive Engine Belt market is segmented on the basis of:
Types
Rubber, PVC, Neoprene, CR
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
Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicles, Sport Utility Vehicle
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:
- Prestone
- Goodyear
- Dayton
- Gates
- Motorcraft
- Continental
- PPE
- Bosch
- CRH
- A.J.Rose
- Prestone
- Bando
- Dayco
- TSUBAKIMOTO
- BMW
- Dorman
- Gunk
- Serpentine
- Poly
- Bando
Highlights of The Automotive Engine 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:
- Rubber
- PVC
- Neoprene
- CR
- By Application:
- Compact Vehicle
- Mid-Sized Vehicle
- Premium Vehicle
- Luxury Vehicle
- Commercial Vehicles
- Sport Utility Vehicle
- 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 Engine 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
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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?
An automotive engine belt is a type of belt that drives the pistons in an engine. It is made of metal or plastic and has several pulleys attached to it. The belt transmits power from the engine to the drivetrain.
Some of the key players operating in the automotive engine belt market are Prestone, Goodyear, Dayton, Gates, Motorcraft, Continental, PPE, Bosch, CRH, A.J.Rose, Prestone, Bando, Dayco, TSUBAKIMOTO, BMW, Dorman, Gunk, Serpentine, Poly, Bando.
The automotive engine belt market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Engine 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 Engine Belt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Engine 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 Engine 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 Engine Belt Market Size & Forecast, 2020-2028
4.5.1 Automotive Engine Belt Market Size and Y-o-Y Growth
4.5.2 Automotive Engine Belt Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Rubber
5.2.2 PVC
5.2.3 Neoprene
5.2.4 CR
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Compact Vehicle
6.2.2 Mid-Sized Vehicle
6.2.3 Premium Vehicle
6.2.4 Luxury Vehicle
6.2.5 Commercial Vehicles
6.2.6 Sport Utility Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Engine 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 Engine 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Rubber
9.6.2 PVC
9.6.3 Neoprene
9.6.4 CR
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 Market Size Forecast by Applications
9.10.1 Compact Vehicle
9.10.2 Mid-Sized Vehicle
9.10.3 Premium Vehicle
9.10.4 Luxury Vehicle
9.10.5 Commercial Vehicles
9.10.6 Sport Utility Vehicle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Rubber
10.6.2 PVC
10.6.3 Neoprene
10.6.4 CR
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 Market Size Forecast by Applications
10.10.1 Compact Vehicle
10.10.2 Mid-Sized Vehicle
10.10.3 Premium Vehicle
10.10.4 Luxury Vehicle
10.10.5 Commercial Vehicles
10.10.6 Sport Utility Vehicle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Rubber
11.6.2 PVC
11.6.3 Neoprene
11.6.4 CR
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 Market Size Forecast by Applications
11.10.1 Compact Vehicle
11.10.2 Mid-Sized Vehicle
11.10.3 Premium Vehicle
11.10.4 Luxury Vehicle
11.10.5 Commercial Vehicles
11.10.6 Sport Utility Vehicle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Rubber
12.6.2 PVC
12.6.3 Neoprene
12.6.4 CR
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 Market Size Forecast by Applications
12.10.1 Compact Vehicle
12.10.2 Mid-Sized Vehicle
12.10.3 Premium Vehicle
12.10.4 Luxury Vehicle
12.10.5 Commercial Vehicles
12.10.6 Sport Utility Vehicle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Rubber
13.6.2 PVC
13.6.3 Neoprene
13.6.4 CR
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) Market Size Forecast by Applications
13.10.1 Compact Vehicle
13.10.2 Mid-Sized Vehicle
13.10.3 Premium Vehicle
13.10.4 Luxury Vehicle
13.10.5 Commercial Vehicles
13.10.6 Sport Utility Vehicle
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 Engine Belt Market: Competitive Dashboard
14.2 Global Automotive Engine Belt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Prestone
14.3.2 Goodyear
14.3.3 Dayton
14.3.4 Gates
14.3.5 Motorcraft
14.3.6 Continental
14.3.7 PPE
14.3.8 Bosch
14.3.9 CRH
14.3.10 A.J.Rose
14.3.11 Prestone
14.3.12 Bando
14.3.13 Dayco
14.3.14 TSUBAKIMOTO
14.3.15 BMW
14.3.16 Dorman
14.3.17 Gunk
14.3.18 Serpentine
14.3.19 Poly
14.3.20 Bando
