Automotive Belts Market Forecast and Segments, 2016-2026

Automotive Belts
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016– 2026
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Description
Report Description
Automotive Belts 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. Hence,
power transmission occurs by friction from the driving shaft to the driven shaft smoothly
through these belts. Automotive belts are also utilized as timing belts to synchronize the
functions of engine valves via a camshaft. Automotive belts used in vehicles are designed as
endless belts and are commonly manufactured from materials such as neoprene, chloroprene,
and ethylene propylene diene monomer rubber (EPDM rubber). The inner surface and the cross
sectional area of the automotive belt differs according to the function the belt needs to perform.
Automotive functions such as air-conditioning, power steering function, water pump function
and drive alternator are performed by the V-belt while valve timings through the camshaft is
usually performed by the toothed belt. Serpentine belts are newer form of automotive belts
where all the automotive functions, collectively known as engine accessories, are performed by
the connections through a shaft and pulley system is done by a long single endless belt. This
form of belt negates the usage of multiple V-belts in an automotive engine.
Automotive Belts Market Dynamics
The Production numbers of automobile worldwide is on a constant increase on a yearly basis as
per the demands witnessed in many developing countries. This factor is the prime reason for
fueling the growth of the automotive belts market.
Report
Description
Report Description
Automotive belts primarily function through friction between the pulley and the belt which is
susceptible to wear and tear due to continuous usage leading to decreased performance, engine
efficiency and slippage. This problem is usually rectified by the replacement of the belt
prompting the growth of the automotive belt market in the aftermarket segment as well. The
influence of the Environmental Protection Agency to reduce greenhouse gases emission and
control of pollution has pushed the automotive vehicles manufacturers to produce highly
efficient and less polluting engines that require very precise and long lasting automotive belt.
This factor has also fueled the growth of automotive belts market as more and more vehicle
manufacturers opt for belts that are efficient and environmental friendly.
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Automotive Belts Market: Segmentation
Automotive Belts Market can be segmented by vehicle type, sales channel and type.
By vehicle type, automotive belts can be segmented as:
Passenger vehicles
Light Commercial vehicles
Heavy Commercial vehicles
Report
Description
Report Description
By sales channel, it can be segmented as:
• Original Equipment Manufacturer
• Aftermarket
By type, it can be segmented as:
• Timing Belts
• Drive Belts
• Single V-Belt
• Multi-function V-Belt/Serpentine Belt
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Automotive Belts Market: Regional Outlook
The Global Automotive Belts market can be segmented into seven distinct geographical divisions
such as North America, Latin America, Western and Eastern Europe, Asia-Pacific Excl. Japan
(APEJ), Japan, Middle East and Africa. Developing countries in Latin America and the Asia Pacific
region such as Mexico, China and India witnessed the fastest growth of automobile production
and sales which can further fuel the improvement of automotive belts market. In APEJ region
China, South Korea, and India are the top automobile producing countries making them
prominent market for automotive belts.
Report
Description
Report Description
In the North American region U.S. is anticipated to show high growth of automotive belts
market owing to improved production of automobiles. Western Europe is exhibited to show a
prominent growth of automotive production especially in countries such as Germany, Spain,
France, U.K., and Italy hence enhancing the market for automotive belts in Western Europe. The
increasing trend of reselling automobiles in the Middle East and Africa region has prompted an
improvement in the demand for automotive belts, thereby improving the market in the
aftermarket segment.
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Automotive Belts Market: Key Players
Some of the major players identified in the Global Automotive Belts Market are
• Gates Corporation
• Midas International Corporation
• Mitsuboshi Belting Ltd. Group
• Helicord Transmissions Pvt. Ltd.
• B&B Manufacturing
• The Carlstar Group LLC
• Continental AG
• Bearings and Power Transmission Solutions
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