Timing Belt Market - Forecast(2022 - 2027)

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Timing Belt MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• Timing belt market size is forecast to reach 9.9
  billion by 2026, growing at CAGR 4.1 during
  2021-2026 owing to the increase in the sales of
  crossover utility vehicles and light commercial
  vehicles.
• iming belt in IC engines, synchronizes the
  crankshafts rotation with and the cam shaft,
  which opens and closes the engine valves. Some of
  the components used along with the timing belt
  include tensioner, idler pulley, shield/cover and
  the sprocket. 
• Additionally, the growing adoption of hybrid
  light and heavy commercial electric vehicles
  during 2021-2026 is also set to play a major role
  is assisting the market growth.

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• Key Takeaways
• Light Commercial Vehicles segment for timing belt
  market to witness the highest growth majorly
  accounted due to increase in demand for LCVs
  during the forecast periods
• Timing belt market for Plug in Hybrid Electric
  Vehicle (PHEV) is set to grow at the highest rate
  owing to the lower GHG emission from hybrid
  vehicles as compared to pure electric vehicles in
  economies with fossil dominated power generation
  mix

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Market Segment Analysis - Vehicle Type By
vehicle type the timing belt market has been
segmented by passenger vehicles, light commercial
vehicles, heavy commercial vehicles, Off Highway
Vehicles. Passenger vehicle segment hold the
largest market share of the market in 2020 at
42.8, however, the light commercial vehicle
segment is estimated to witness the highest
growth rate owing to increase in the sales of
light commercial vehicles across the globe. The
growing competition in the e-commerce sector is
resulting to the increase in emphasis towards
quicker delivery and support services for the
products to improve customer experience.
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• Timing Belt Market Industry Outlook 
• Continental AG
• BorgWarner
• Schaeffler
• SKF
• NTN Corporation
• Aisin
• Tsubakimoto
• BB Manufacturing
• ERIKS
• Gates Corporation 

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Timing Belt Market - Forecast(2022 -
2027) Learn More About the Report _at_
https//www.industryarc.com/Research/Timing-Belt-
Market-Research-501107
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
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