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Automotive Belt-Global Market Insights and Sales Trends 2024
Synopsis
Automotive Belt are power transmission belts that provide a connective link between two parallel rotating shafts, these shafts are fixed with pulleys upon which the belt is looped.
The global Automotive Belt market size is expected to reach US$ 21010 million by 2029, growing at a CAGR of 6.5% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Belt in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Automotive Belt market. Timing Belts, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drive Belts segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Belt, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Belt market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Belt market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Belt sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Belt covered in this report include Gates Corporation, Midas International Corporation, Mitsuboshi Belting Ltd. Group, Helicord Transmissions Pvt. Ltd., BandB Manufacturing, The Carlstar Group LLC, Continental AG, Bearings and Power Transmission Solutions and CRP Industries Inc, etc.
The global Automotive Belt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Gates Corporation
Midas International Corporation
Mitsuboshi Belting Ltd. Group
Helicord Transmissions Pvt. Ltd.
BandB Manufacturing
The Carlstar Group LLC
Continental AG
Bearings and Power Transmission Solutions
CRP Industries Inc
BG Automotive
Hutchinson Group
Bando Chemical Industries Ltd.
Global Automotive Belt market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Belt market, Segment by Type:
Timing Belts
Drive Belts
Global Automotive Belt market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Belt manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Belt in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Automotive Belt are power transmission belts that provide a connective link between two parallel rotating shafts, these shafts are fixed with pulleys upon which the belt is looped.
The global Automotive Belt market size is expected to reach US$ 21010 million by 2029, growing at a CAGR of 6.5% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Belt in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Automotive Belt market. Timing Belts, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drive Belts segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Belt, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Belt market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Belt market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Belt sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Belt covered in this report include Gates Corporation, Midas International Corporation, Mitsuboshi Belting Ltd. Group, Helicord Transmissions Pvt. Ltd., BandB Manufacturing, The Carlstar Group LLC, Continental AG, Bearings and Power Transmission Solutions and CRP Industries Inc, etc.
The global Automotive Belt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Gates Corporation
Midas International Corporation
Mitsuboshi Belting Ltd. Group
Helicord Transmissions Pvt. Ltd.
BandB Manufacturing
The Carlstar Group LLC
Continental AG
Bearings and Power Transmission Solutions
CRP Industries Inc
BG Automotive
Hutchinson Group
Bando Chemical Industries Ltd.
Global Automotive Belt market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Belt market, Segment by Type:
Timing Belts
Drive Belts
Global Automotive Belt market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Belt manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Belt in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automotive Belt Market Overview
1.1 Automotive Belt Product Overview
1.2 Automotive Belt Market Segment by Type
1.2.1 Timing Belts
1.2.2 Drive Belts
1.3 Global Automotive Belt Market Size by Type
1.3.1 Global Automotive Belt Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Belt Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Belt Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Belt Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Belt Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Belt Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Belt Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Belt Sales Breakdown by Type (2018-2023)
2 Global Automotive Belt Market Competition by Company
2.1 Global Top Players by Automotive Belt Sales (2018-2023)
2.2 Global Top Players by Automotive Belt Revenue (2018-2023)
2.3 Global Top Players by Automotive Belt Price (2018-2023)
2.4 Global Top Manufacturers Automotive Belt Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Belt Market Competitive Situation and Trends
2.5.1 Automotive Belt Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Belt Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Belt as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Belt Market
2.8 Key Manufacturers Automotive Belt Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Belt Status and Outlook by Region
3.1 Global Automotive Belt Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Belt Historic Market Size by Region
3.2.1 Global Automotive Belt Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Belt Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Belt Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Belt Forecasted Market Size by Region
3.3.1 Global Automotive Belt Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Belt Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Belt Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Belt by Application
4.1 Automotive Belt Market Segment by Application
4.1.1 Passenger Vehicle
4.1.2 Commercial Vehicle
4.2 Global Automotive Belt Market Size by Application
4.2.1 Global Automotive Belt Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Belt Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Belt Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Belt Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Belt Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Belt Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Belt Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Belt Sales Breakdown by Application (2018-2023)
5 North America Automotive Belt by Country
5.1 North America Automotive Belt Historic Market Size by Country
5.1.1 North America Automotive Belt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Belt Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Belt Sales in Value by Country (2018-2023)
5.2 North America Automotive Belt Forecasted Market Size by Country
5.2.1 North America Automotive Belt Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Belt Sales in Value by Country (2024-2029)
6 Europe Automotive Belt by Country
6.1 Europe Automotive Belt Historic Market Size by Country
6.1.1 Europe Automotive Belt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Belt Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Belt Sales in Value by Country (2018-2023)
6.2 Europe Automotive Belt Forecasted Market Size by Country
6.2.1 Europe Automotive Belt Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Belt Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Belt by Region
7.1 Asia-Pacific Automotive Belt Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Belt Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Belt Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Belt Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Belt Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Belt Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Belt Sales in Value by Region (2024-2029)
8 Latin America Automotive Belt by Country
8.1 Latin America Automotive Belt Historic Market Size by Country
8.1.1 Latin America Automotive Belt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Belt Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Belt Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Belt Forecasted Market Size by Country
8.2.1 Latin America Automotive Belt Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Belt Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Belt by Country
9.1 Middle East and Africa Automotive Belt Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Belt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Belt Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Belt Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Belt Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Belt Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Belt Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Gates Corporation
10.1.1 Gates Corporation Company Information
10.1.2 Gates Corporation Introduction and Business Overview
10.1.3 Gates Corporation Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Gates Corporation Automotive Belt Products Offered
10.1.5 Gates Corporation Recent Development
10.2 Midas International Corporation
10.2.1 Midas International Corporation Company Information
10.2.2 Midas International Corporation Introduction and Business Overview
10.2.3 Midas International Corporation Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Midas International Corporation Automotive Belt Products Offered
10.2.5 Midas International Corporation Recent Development
10.3 Mitsuboshi Belting Ltd. Group
10.3.1 Mitsuboshi Belting Ltd. Group Company Information
10.3.2 Mitsuboshi Belting Ltd. Group Introduction and Business Overview
10.3.3 Mitsuboshi Belting Ltd. Group Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsuboshi Belting Ltd. Group Automotive Belt Products Offered
10.3.5 Mitsuboshi Belting Ltd. Group Recent Development
10.4 Helicord Transmissions Pvt. Ltd.
10.4.1 Helicord Transmissions Pvt. Ltd. Company Information
10.4.2 Helicord Transmissions Pvt. Ltd. Introduction and Business Overview
10.4.3 Helicord Transmissions Pvt. Ltd. Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Helicord Transmissions Pvt. Ltd. Automotive Belt Products Offered
10.4.5 Helicord Transmissions Pvt. Ltd. Recent Development
10.5 BandB Manufacturing
10.5.1 BandB Manufacturing Company Information
10.5.2 BandB Manufacturing Introduction and Business Overview
10.5.3 BandB Manufacturing Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.5.4 BandB Manufacturing Automotive Belt Products Offered
10.5.5 BandB Manufacturing Recent Development
10.6 The Carlstar Group LLC
10.6.1 The Carlstar Group LLC Company Information
10.6.2 The Carlstar Group LLC Introduction and Business Overview
10.6.3 The Carlstar Group LLC Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.6.4 The Carlstar Group LLC Automotive Belt Products Offered
10.6.5 The Carlstar Group LLC Recent Development
10.7 Continental AG
10.7.1 Continental AG Company Information
10.7.2 Continental AG Introduction and Business Overview
10.7.3 Continental AG Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Continental AG Automotive Belt Products Offered
10.7.5 Continental AG Recent Development
10.8 Bearings and Power Transmission Solutions
10.8.1 Bearings and Power Transmission Solutions Company Information
10.8.2 Bearings and Power Transmission Solutions Introduction and Business Overview
10.8.3 Bearings and Power Transmission Solutions Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Bearings and Power Transmission Solutions Automotive Belt Products Offered
10.8.5 Bearings and Power Transmission Solutions Recent Development
10.9 CRP Industries Inc
10.9.1 CRP Industries Inc Company Information
10.9.2 CRP Industries Inc Introduction and Business Overview
10.9.3 CRP Industries Inc Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.9.4 CRP Industries Inc Automotive Belt Products Offered
10.9.5 CRP Industries Inc Recent Development
10.10 BG Automotive
10.10.1 BG Automotive Company Information
10.10.2 BG Automotive Introduction and Business Overview
10.10.3 BG Automotive Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.10.4 BG Automotive Automotive Belt Products Offered
10.10.5 BG Automotive Recent Development
10.11 Hutchinson Group
10.11.1 Hutchinson Group Company Information
10.11.2 Hutchinson Group Introduction and Business Overview
10.11.3 Hutchinson Group Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Hutchinson Group Automotive Belt Products Offered
10.11.5 Hutchinson Group Recent Development
10.12 Bando Chemical Industries Ltd.
10.12.1 Bando Chemical Industries Ltd. Company Information
10.12.2 Bando Chemical Industries Ltd. Introduction and Business Overview
10.12.3 Bando Chemical Industries Ltd. Automotive Belt Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Bando Chemical Industries Ltd. Automotive Belt Products Offered
10.12.5 Bando Chemical Industries Ltd. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Belt Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive Belt Industrial Chain Analysis
11.4 Automotive Belt Market Dynamics
11.4.1 Automotive Belt Industry Trends
11.4.2 Automotive Belt Market Drivers
11.4.3 Automotive Belt Market Challenges
11.4.4 Automotive Belt Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Belt Distributors
12.3 Automotive Belt Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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