Market Overview:
The global rubber timing 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 rubber timing belts in automotive and industrial applications. In terms of type, the MXL type segment is expected to hold the largest share of the global rubber timing belt market during the forecast period. This can be attributed to its high performance and durability as compared to other types of rubber timing belts. In terms of application, automotive applications are expected to account for a major share of the global rubber timing belt market during the forecast period.
Product Definition:
A rubber timing belt is a synchronous belt used to transmit rotational power from one shaft to another. It has a high resistance to stretching and flexing, making it an ideal choice for applications that demand precision timing and reliability.
MXL Type:
The MXL type was developed by Mitsubishi Chemical Corporation. It is a low-temperature vulcanizing (LTV) type rubber timing belt, which has been used in various industries including automotive and industrial manufacturing. The product’s major application area includes heavy load transportation equipment such as cranes, construction machinery, etc., where the product provides high resistance to heat and oil resistance along with excellent durability under extreme operating conditions.
XL Type:
The XL type timing belt is used in the rubber timing belt market. It is also known as the extended lip or simply lip type. The XL type has a larger surface area compared to standard lips and hence provides better traction between the tire and chainring teeth.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automotive applications of rubber timing belts include engine, transmission, power steering, air conditioner and fuel injection systems. These belts are used in various automotive components such as engine block, gearbox case and differential covers among others. The growing importance of lightweight materials for vehicle weight reduction is likely to increase the use of rubber timing belts in automotive applications over the forecast period.
Industrial was another significant application segment accounting for a share of 29% in 2017 owing to increasing demand from construction industry equipment such as excavators, loaders & bulldozers among others.
Regional Analysis:
Asia Pacific was the largest market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 50% of global rubber timing belt market in terms of revenue owing to high demand from automotive sector, which is one of the major end-user industries in this region. Asia Pacific has been witnessing strong economic growth on account rising disposable income coupled with increasing population, which has resulted into growing automobile production across various countries including China, India, Thailand and Indonesia among others. This trend is projected to drive product demand further over next eight years.
Europe rubber timing belt industry also witnessed significant growth due to presence several large volume selling automotive manufacturers such as Volkswagen Group (Germany), Daimler AG (Germany) and BMW Group (Germany).
Growth Factors:
- Increasing demand from the automotive industry: The global rubber timing belt market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from the automotive industry. Rubber timing belts are used in various applications such as power steering, air conditioning compressor, engine cooling fan and alternator in automobiles.
- Growing demand for fuel-efficient vehicles: The growing demand for fuel-efficient vehicles is another key factor driving the growth of this market. Rubber timing belts help improve fuel efficiency by reducing friction between moving parts of an engine and hence helps in improving overall performance of an automobile.
- Rising awareness about vehicle maintenance: There has been a rise in awareness among consumers about proper vehicle maintenance practices, which is aiding the growth of this market. Proper maintenance of an automobile involves regular replacement or servicing of rubber timing belts and other components, which is contributing to the growth of this market globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Rubber Timing Belt Market Research Report
By Type
MXL Type, XL Type, L Type, H Type
By Application
Automotive, Industrial, Others
By Companies
Gates, Continental, BANDO, DAYCO, Tsubakimoto, Forbo, Hutchinson, OPTIBELT, Bosch, Mitsuboshi, Timken, Schaeffler, Habasit, ACDelco, SKF, Megadyne, Federal-Mogul, Wuxi Belt, DRB, Ningbo Jiebao, Shanghai Wutong, Ningbo Fulong, Zhejiang Kaiou
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Rubber Timing Belt Market Report Segments:
The global Rubber Timing Belt market is segmented on the basis of:
Types
MXL Type, XL Type, L Type, H 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
Automotive, Industrial, Others
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:
- Gates
- Continental
- BANDO
- DAYCO
- Tsubakimoto
- Forbo
- Hutchinson
- OPTIBELT
- Bosch
- Mitsuboshi
- Timken
- Schaeffler
- Habasit
- ACDelco
- SKF
- Megadyne
- Federal-Mogul
- Wuxi Belt
- DRB
- Ningbo Jiebao
- Shanghai Wutong
- Ningbo Fulong
- Zhejiang Kaiou
Highlights of The Rubber Timing 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:
- MXL Type
- XL Type
- L Type
- H Type
- By Application:
- Automotive
- Industrial
- Others
- 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 Rubber Timing 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 rubber timing belt is a type of belt that helps to keep the engine running in a consistent and accurate manner. It typically consists of several layers of rubber, and it can stretch or tear if it becomes overstretched or if the engine exceeds its designed operating parameters. A broken rubber timing belt can cause serious damage to an engine, so it's important to take care when replacing or repairing one.
Some of the major players in the rubber timing belt market are Gates, Continental, BANDO, DAYCO, Tsubakimoto, Forbo, Hutchinson, OPTIBELT, Bosch, Mitsuboshi, Timken, Schaeffler, Habasit, ACDelco, SKF, Megadyne, Federal-Mogul, Wuxi Belt, DRB, Ningbo Jiebao, Shanghai Wutong, Ningbo Fulong, Zhejiang Kaiou.
The rubber timing belt market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rubber Timing Belt 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. Rubber Timing Belt Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rubber Timing Belt Market - Supply Chain
4.5. Global Rubber Timing Belt Market Forecast
4.5.1. Rubber Timing Belt Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rubber Timing Belt Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rubber Timing Belt Market Absolute $ Opportunity
5. Global Rubber Timing Belt 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. Rubber Timing Belt Market Size and Volume Forecast by Type
5.3.1. MXL Type
5.3.2. XL Type
5.3.3. L Type
5.3.4. H Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rubber Timing Belt 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. Rubber Timing Belt Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Industrial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rubber Timing Belt 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. Rubber Timing Belt 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 Rubber Timing Belt 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. Rubber Timing Belt 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 Rubber Timing Belt Demand Share Forecast, 2019-2029
9. North America Rubber Timing Belt 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 Rubber Timing Belt 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 Rubber Timing Belt Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Industrial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rubber Timing Belt Market Size and Volume Forecast by Type
9.7.1. MXL Type
9.7.2. XL Type
9.7.3. L Type
9.7.4. H Type
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 Rubber Timing Belt Demand Share Forecast, 2019-2029
10. Latin America Rubber Timing Belt 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 Rubber Timing Belt 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 Rubber Timing Belt Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Industrial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rubber Timing Belt Market Size and Volume Forecast by Type
10.7.1. MXL Type
10.7.2. XL Type
10.7.3. L Type
10.7.4. H Type
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 Rubber Timing Belt Demand Share Forecast, 2019-2029
11. Europe Rubber Timing Belt 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 Rubber Timing Belt 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 Rubber Timing Belt Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Industrial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rubber Timing Belt Market Size and Volume Forecast by Type
11.7.1. MXL Type
11.7.2. XL Type
11.7.3. L Type
11.7.4. H Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential 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 Rubber Timing Belt Demand Share, 2019-2029
12. Asia Pacific Rubber Timing Belt 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 Rubber Timing Belt 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 Rubber Timing Belt Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Industrial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rubber Timing Belt Market Size and Volume Forecast by Type
12.7.1. MXL Type
12.7.2. XL Type
12.7.3. L Type
12.7.4. H Type
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 Rubber Timing Belt Demand Share, 2019-2029
13. Middle East & Africa Rubber Timing Belt 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 Rubber Timing Belt 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 Rubber Timing Belt Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Industrial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rubber Timing Belt Market Size and Volume Forecast by Type
13.7.1. MXL Type
13.7.2. XL Type
13.7.3. L Type
13.7.4. H Type
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 Rubber Timing Belt Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Rubber Timing Belt Market: Market Share Analysis
14.2. Rubber Timing Belt Distributors and Customers
14.3. Rubber Timing Belt Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Gates
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Continental
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
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DAYCO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tsubakimoto
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Forbo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hutchinson
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OPTIBELT
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bosch
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsuboshi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Timken
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Schaeffler
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Habasit
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ACDelco
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SKF
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Megadyne
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Federal-Mogul
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Wuxi Belt
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. DRB
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Ningbo Jiebao
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
