Market Overview:
The global belt tensioners 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 automobiles and rising awareness about preventive maintenance among consumers. The engine belt tensioner segment is expected to hold the largest share of the global belt tensioners market during the forecast period, owing to its widespread use in all types of vehicles. The Asia Pacific region is expected to be the fastest-growing region in terms of revenue during the forecast period, followed by Latin America and Europe.
Product Definition:
Belt tensioners are devices used to maintain a certain level of tension on belts running in pulleys. The importance of belt tensioners is that they help keep the belt in position, which prevents it from slipping off the pulley. This helps to ensure efficient operation of the machinery being powered by the belt.
Engine Belt Tensioner:
Engine Belt Tensioner is a device used to adjust the tension on the drive belt in power steering systems. It's primary function is to keep the engine and transmission away from each other, once engaged it creates an electromagnetic clutch that holds gears together until you release the tensioner handle.
The market for Engine Belt Tensioners has been growing at a steady pace over recent years.
Serpentine Belt Tensioner:
A serpentine belt tensioner is a device that controls the tension on the drive belts in power steering systems. It consists of a spring loaded mechanism and a rotary actuator. As vehicle speed increases, so does the centrifugal force acting on the driveshaft, which results in increased belt stress.
Application Insights:
The OEMs held the largest market share of over 70% in 2017. The primary reason behind this large share is that most of the vehicle manufacturers have agreements with various suppliers, which enables them to source components from a single location. For instance, Ford Motor Company has an agreement with MOPAR (parent company of Chrysler) for the procurement of various belts and related components. As a result, OEMs are able to provide better quality products at lower costs due to economies of scale and reduced competition among suppliers.
The aftermarket segment is expected to expand at the fastest CAGR during forecast years owing to rising consumer awareness regarding product safety coupled with increasing repair & maintenance activities by independent garages and workshops across several regions worldwide. Belt tensioners are one of those parts that consumers usually replace on their own without seeking professional help or guidance as they may not be aware about proper replacement procedures or specifications while buying new tires/wheels for their vehicles from repairers or dealerships respectively.
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 strong economic growth on account of rising disposable income, coupled with high demand for vehicles. China is a major contributor to regional growth owing to rapid industrialization and increasing automotive production.
The European market was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to stringent regulations regarding vehicle safety standards. Germany accounted for a significant share of overall Europe sales due to strong presence of OEMs, along with aftermarket service centers thereon.
North America held a substantial share in terms of revenue as well as volume in 2017 on account growing consumer preference towards luxury vehicles such as SUVs & off-roaders, which are more prone toward belt failure than other types of cars.- In addition, presence new motor vehicle manufacturing facilities by key players such as Ford Motors Co., General Motors Company LLC.
Growth Factors:
- Increasing demand for automobiles: The global belt tensioners market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for automobiles.
- Growing automotive production in developing countries: The market for belt tensioners is expected to grow rapidly in developing countries such as China and India, due to the growing automotive production in these regions.
- Rising disposable income of consumers: The growth of the belt tensioners market is also driven by the rising disposable income of consumers, which allows them to purchase premium cars with better features and components such as belt tensioners.
- Technological advancements: Belt tensioners are becoming more sophisticated with each passing day, with new technologies being incorporated into their design and functioning. This is resulting in an increase in their demand across different applications segments worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Belt Tensioners Market Research Report
By Type
Engine Belt Tensioner, Serpentine Belt Tensioner
By Application
OEMs, Aftermarket
By Companies
Mubea, Tsubakimoto, KMC Automotive, Pricol, Madler, Toolee Industrial, Nozag, NTN, Dayco, Gates Europe, Mubea
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Belt Tensioners Market Report Segments:
The global Belt Tensioners market is segmented on the basis of:
Types
Engine Belt Tensioner, Serpentine Belt Tensioner
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
OEMs, 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:
- Mubea
- Tsubakimoto
- KMC Automotive
- Pricol
- Madler
- Toolee Industrial
- Nozag
- NTN
- Dayco
- Gates Europe
- Mubea
Highlights of The Belt Tensioners 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:
- Engine Belt Tensioner
- Serpentine Belt Tensioner
- By Application:
- OEMs
- 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 Belt Tensioners 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
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- Consumer Insights
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- 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?
Belt tensioners are devices that help to keep the belt tight by applying pressure to the belt. This helps to prevent the belt from slipping and causing injury.
Some of the key players operating in the belt tensioners market are Mubea, Tsubakimoto, KMC Automotive, Pricol, Madler, Toolee Industrial, Nozag, NTN, Dayco, Gates Europe, Mubea.
The belt tensioners 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 Belt Tensioners 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 Belt Tensioners Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Belt Tensioners 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 Belt Tensioners 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 Belt Tensioners Market Size & Forecast, 2020-2028
4.5.1 Belt Tensioners Market Size and Y-o-Y Growth
4.5.2 Belt Tensioners 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 Engine Belt Tensioner
5.2.2 Serpentine Belt Tensioner
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 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Belt Tensioners 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 Belt Tensioners 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 Engine Belt Tensioner
9.6.2 Serpentine Belt Tensioner
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 OEMs
9.10.2 Aftermarket
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 Engine Belt Tensioner
10.6.2 Serpentine Belt Tensioner
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 OEMs
10.10.2 Aftermarket
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 Engine Belt Tensioner
11.6.2 Serpentine Belt Tensioner
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 OEMs
11.10.2 Aftermarket
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 Engine Belt Tensioner
12.6.2 Serpentine Belt Tensioner
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 OEMs
12.10.2 Aftermarket
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 Engine Belt Tensioner
13.6.2 Serpentine Belt Tensioner
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 OEMs
13.10.2 Aftermarket
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 Belt Tensioners Market: Competitive Dashboard
14.2 Global Belt Tensioners Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mubea
14.3.2 Tsubakimoto
14.3.3 KMC Automotive
14.3.4 Pricol
14.3.5 Madler
14.3.6 Toolee Industrial
14.3.7 Nozag
14.3.8 NTN
14.3.9 Dayco
14.3.10 Gates Europe
14.3.11 Mubea
