Growth of Direct Injection Engines to Fuel the Demand for Timing Bullet market

1
Timing Belt Market by Drive Type (Dry Belts,
Chain, Belt in Oil), Component (Idler Pulley,
Sprocket, Tensioner, Timing Shield/Cover), ICE
Hybrid (Passenger Car, Commercial Vehicle, HEV,
PHEV), Aftermarket, and Region - Global Forecast
to 2025
www.MarketsandMarkets.com
2
Passenger vehicle segment estimated to lead the
timing belt market by ICE Vehicle type from 2017
to 2025 The passenger vehicle segment is
estimated to lead the timing belt market, by ICE
vehicle type. Increasing consumer disposable
income and rise in vehicle ownership have led to
a rise in the production of passenger cars with
Internal Combustion Engine (ICE) and propelled
the growth of the timing belt market in this
segment. According to International Organization
of Motor Vehicle Manufacturers (OICA), the global
production of passenger cars increased from 59.89
million units in 2011 to 72.10 million units in
2016. The passenger car production in Asia
Oceania increased from 40.57 million units in
2011 to 43.85 million units in 2016. Asia Oceania
contributed around 60.66 of the global passenger
car production in 2016 as per OICA. China
contributed 55.69 of the total passenger car
production in Asia Oceania in 2016. Japan and
India contributed 17.95 and 8.39 of the Asia
Oceania passenger car production in 2016,
respectively. PDF Brochure https//www.markets
andmarkets.com/pdfdownload.asp?id135305591

3
Timing Chain market is estimated to be the
fastest growing market from 2017 to
2025 Stringent emission regulations are now
followed across several countries such as the US,
Canada, UK, France and others. These have led to
an increase in the adoption of direct injection
engines. As direct injection engines  deploy
timing chain drive, their increasing adoption
would drive the growth of chains over dry belts
and belt-in-oil timing drives. Also, premium
brands such as BMW are preferring timing chain
systems in most of their vehicle models. Hence,
the timing chain market is estimated to be the
fastest growing market in timing drive systems
during the forecast period. Request for
Customization https//www.marketsandmarkets.com/
requestCustomization.asp?id135305591
4
The timing belt market is projected to grow at a
CAGR of  5.21 during the forecast period, to
  reach a market size of USD 9.22 Billion by 2025
from USD 6.14 Billion in 2017. The timing belt OE
market is driven by the increasing adoption of
direct injection engines and rising vehicle
production globally. The growing vehicle parc as
well as increase in average miles driven per year
are identified as the key factors influencing the
timing belt aftermarket. Tensioners are expected
to lead the timing belt market, by component, in
terms of value. The types of tensioners may vary
depending upon their application in a timing belt
and timing chain. On the basis of damping
structure, auto tensioners can also be segmented
into hydraulically operated and frictional
systems. The usage of tensioners in timing belts
and chains and relatively higher pricing have led
to the growth of the timing belt market.
Request Sample _at_ https//www.marketsandmarkets.com
/requestsample.asp?id135305591
5
Asia Oceania Largest and fastest growing market
for timing belt from 2017 to 2025 The Asia
Oceania region is estimated to dominate the
global timing belt market during the forecast
period. Countries such as China, Japan, and India
are the major countries in the region in terms of
vehicle production. As per International
Organization of Motor Vehicle Manufacturers
(OICA), China alone contributed 29.61 of the
global vehicle production in 2016, whereas Japan
and India contributed 9.69 and 4.73,
respectively. Asia Oceania accounts for 54.56 of
the global vehicle production and its
contribution is projected to increase in the next
few years. Thus, Asia Oceania is estimated to be
the largest and fastest growing market for timing
belt. In addition, timing belts are cheaper than
timing chains and therefore preferred by OEMs for
economy models. These factors have helped Asia
Oceania to lead the timing belt market. Speak
to analyst _at_ https//www.marketsandmarkets.com/spe
aktoanalyst.asp?id135305591
6
Market Ecosystem The ecosystem of the timing
belt market consists of manufacturers such as
Continental (Germany), SKF (Sweden), BorgWarner
(US), Tsubakimoto Chain (Japan), and others, and
research institutes such as Japan Automobile
Manufacturers Association (JAMA), European
Automobile Manufacturers Association (ACEA),
Canadian Automobile Association (CAA), and Korea
Automobile Manufacturers Association
(KAMA). Buy Now https//www.marketsandmark
ets.com/Purchase/purchase_report1.asp?id135305591

7
Browse gtgt 78 market data
tables 40 figures
124 pages and in-depth TOC "Timing Belt
Market by Drive Type (Dry Belts, Chain, Belt in
Oil), Component (Idler Pulley, Sprocket,
Tensioner, Timing Shield/Cover), Ice Hybrid
(Passenger Car, Commercial Vehicle, HEV, PHEV),
Aftermarket, and Region - Global Forecast to
2025 Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
8
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarke
ts.com