Global Automotive Timing Belt Market Research Report 2017 tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Copper Strips market. This research report offers in-depth analysis of the market size (revenue), market share, major market segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges.
Leading companies are B&B MANUFACTURING, THE CARLSTAR GROUP, ContiTech (Continental), J.K. Fenner (India) Limited, Gates Corporation, ACDelco, Bando USA, Federal-Mogul Motorparts Corporation, Dayco, Goodyear, Ningbo Beidi Synchronous Belt, Ningbo Fulong Synchronous Belt, SKF, Tsubaki, and MAHLE Aftermarket.
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Key questions answered in this report are what will the market size be in 2021 and what will the growth rate be? What are the key market trends?, What is driving this market?, What are the challenges to market growth?, Who are the key vendors in this market space?, What are the market opportunities and threats faced by the key vendors?, What are the strengths and weaknesses of the key vendors?
This report provides in-depth analysis of the Automotive Timing Belt and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2017 – 2021, considering 2016 as the base year. It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. This study also provides key insights about market drivers, restraints, opportunities, new product launches, approvals, regional outlook, and competitive strategies adopted by the leading players. It profiles leading players in the global Automotive Timing Belt market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans Key companies covered as a part of this study include. Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, market expansion, and marketing tactics. The global Automotive Timing Belt market report caters to various stakeholders in this industry, including investors, device manufacturers, distributors and suppliers for Automotive Timing Belt equipment, government organizations, research and consulting firms, new entrants, and financial analysts. Various strategy matrices used in analyzing the Automotive Timing Belt market would provide stakeholders vital inputs to make strategic decisions accordingly.
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Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is use of thermally-stable materials for producing timing belts. Timing belt is one of the crucial components in ICEs as it operates and controls the number of revolutions of the camshaft, which defines the power generated by the engine. As timing belts are placed close to the engine cylinder where the air-fuel mixture combusts, it is exposed to heat temperatures. Corrosion and wear and tear due to high temperatures of the combustion chamber are among the major factors for the failure of timing belts.”
According to the report, one of the major drivers for this market is improvement in aftermarket segment. The OEM segment buys a standard quantity of components of timing belts to produce new automotive products. The requirement is large but the bulk revenue is dependent on the global automobile market. The aftermarket segment, where the timing belt occupies a large after to the automotive wiper system market. This means that the manufacturers are less dependent on car makers for their revenue and sales. In the aftermarket segment, manufacturers have their own distribution channels for both global and local markets.
Further, the report states that one of the major factors hindering the growth of this market is increase in annual wage leading to declining profit margins. In the automotive industry value chain, the OEMs have been absorbing the liability for most of the warranty costs and price pressure from the demand side in the past. However, this situation has changed over the past 5-6 years where the OEMs have pushed liabilities on Tier-1 suppliers who, in turn, push them to component manufacturers. This has led to cost optimization across the industry to maintain profitability.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.