Market Overview:
The global car engine belt market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles and passenger cars across the globe. Additionally, the growing awareness about preventive maintenance is also propelling the growth of this market. The global car 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 other belts. The rubber belt segment is expected to dominate this market during the forecast period owing to its properties such as durability and resistance against heat and oil leakage. On account of their high performance characteristics, PVC belts are witnessing a high demand from end-use industries such as automotive & transportation and construction & infrastructure sectors across regions such as Asia Pacific and Latin America. In terms of application, it can be classified into commercial vehicles and passenger cars segments respectively. The commercial vehicle segment dominates this market due to rising demand for goods transportation services globally coupled with increase in purchasing power parity (PPP) rates in developing countries including India and China over traditional markets such as North America or Europe .
Product Definition:
A belt connecting the crankshaft to the alternator, water pump, and other engine accessories.
Rubber:
Rubber is a durable, flexible, and resilient material that is produced in the form of latex or neoprene. It can be processed from two basic types including natural rubber (NR) and synthetic rubber (SR). Natural rubber has been widely used owing to its properties such as resilience & elasticity but over the past few years SR has been gaining popularity owing to various beneficial properties such as high tensile strength & abrasion resistance.
PVC:
Polyvinyl Chloride (PVC) is a synthetic polymer, which is produced from the reaction of vinyl chloride and chloroprene. It has high flexibility, low thermal conductivity & heat resistance and good chemical stability. PVC can be extruded, molded, or recycled; it can also be processed like rubber to make it suitable for use in various applications including car engine belts.
Application Insights:
The commercial vehicle segment held the largest share of 60.0% in 2017. The growth can be attributed to the rising demand for trucks, buses, and other vehicles with larger engines across various regions including Asia Pacific, Europe, and Middle East & Africa. Commercial vehicles such as trucks, tractors etc., are majorly used for transporting goods from one place to another thereby contributing towards a significant share of overall revenue in any particular year.
Regional Analysis:
Asia Pacific dominated the global car engine belt market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automobile production in countries such as China, India, Japan and South Korea. Furthermore, rising disposable income coupled with a growing population will also have a positive impact on regional market growth.
The demand for automotive products is anticipated to witness significant growth owing to various government initiatives encouraging investments from international manufacturers along with domestic players for manufacturing vehicles on a large scale within the region itself. This factor will also help boost product demand over the forecast period.
North America accounted for more than 20% of total revenue share in 2017 owing to high consumer preference towards luxury cars manufactured by major companies such as BMW, Ford Motors Company.
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of 3.5% during the forecast period, owing to the increasing disposable income and changing lifestyle of consumers. This is expected to result in an increase in the demand for car engine belts, as they are an essential component of automobiles.
- Technological advancements: The car engine belt market is witnessing rapid technological advancements, with manufacturers focusing on developing innovative products that can offer better performance and durability. This is likely to fuel the growth of the market in the coming years.
- Rising awareness about preventive maintenance: There has been a rise in awareness among consumers about preventive maintenance practices for automobiles, which has led to an increase in demand for replacement parts such as car engine belts. This is anticipated to boost the growth of the market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Engine Belt Market Research Report
By Type
Rubber, PVC, Neoprene, Other
By Application
Commercial Vehicle, Passenger Car
By Companies
Dayco, Ford, Gates, Silvhorn, Optibelt, Contitech, Siegling, Habasit, Hutchinson, Mitsuboshi Belting, Dayco, Sanlux, Aosheng, Wuxi Belt, Kingland, Wanya, Fuju, Meizhou, Knox, Bosch, Continental, Fulong
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Car Engine Belt Market Report Segments:
The global Car Engine Belt market is segmented on the basis of:
Types
Rubber, PVC, Neoprene, Other
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
Commercial Vehicle, Passenger Car
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:
- Dayco
- Ford
- Gates
- Silvhorn
- Optibelt
- Contitech
- Siegling
- Habasit
- Hutchinson
- Mitsuboshi Belting
- Dayco
- Sanlux
- Aosheng
- Wuxi Belt
- Kingland
- Wanya
- Fuju
- Meizhou
- Knox
- Bosch
- Continental
- Fulong
Highlights of The Car 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
- Other
- By Application:
- Commercial Vehicle
- Passenger Car
- 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 Car 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
- 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?
A car engine belt is a type of belt that connects the engine to the drivetrain. It helps to transfer power from the engine to the wheels, and keeps everything running smoothly.
Some of the major players in the car engine belt market are Dayco, Ford, Gates, Silvhorn, Optibelt, Contitech, Siegling, Habasit, Hutchinson, Mitsuboshi Belting, Dayco, Sanlux, Aosheng, Wuxi Belt, Kingland, Wanya, Fuju, Meizhou, Knox, Bosch, Continental, Fulong.
The car engine 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 Car 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 Car Engine Belt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car 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 Car 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 Car Engine Belt Market Size & Forecast, 2020-2028
4.5.1 Car Engine Belt Market Size and Y-o-Y Growth
4.5.2 Car 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 Other
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 Commercial Vehicle
6.2.2 Passenger Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car 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 Car 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 Other
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 Commercial Vehicle
9.10.2 Passenger Car
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 Other
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 Commercial Vehicle
10.10.2 Passenger Car
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 Other
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 Commercial Vehicle
11.10.2 Passenger Car
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 Other
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 Commercial Vehicle
12.10.2 Passenger Car
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 Other
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 Commercial Vehicle
13.10.2 Passenger Car
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 Car Engine Belt Market: Competitive Dashboard
14.2 Global Car Engine Belt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dayco
14.3.2 Ford
14.3.3 Gates
14.3.4 Silvhorn
14.3.5 Optibelt
14.3.6 Contitech
14.3.7 Siegling
14.3.8 Habasit
14.3.9 Hutchinson
14.3.10 Mitsuboshi Belting
14.3.11 Dayco
14.3.12 Sanlux
14.3.13 Aosheng
14.3.14 Wuxi Belt
14.3.15 Kingland
14.3.16 Wanya
14.3.17 Fuju
14.3.18 Meizhou
14.3.19 Knox
14.3.20 Bosch
14.3.21 Continental
14.3.22 Fulong
