Market Overview

Top 5 Vendors in the Global Automotive Timing Belt Market from 2017-2021: Technavio

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Technavio
has announced the top five leading vendors in their recent global
automotive timing belt market
report until 2021. This
research report also lists ten other prominent vendors that are expected
to impact the market during the forecast period.

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Technavio has published a new report on the global automotive timing belt market from 2017-2021. (Gr ...

Technavio has published a new report on the global automotive timing belt market from 2017-2021. (Graphic: Business Wire)

The research study by Technavio on the global
automotive timing belt market
for 2017-2021 provides a detailed
industry analysis based on the end-users (original equipment
manufacturers and aftermarket), vehicle type (passenger vehicles and
commercial vehicles), and geography (APAC, EMEA, and the Americas).

"The global automotive timing belt market is projected to reach
more than 206 million units by 2021, growing at a CAGR of nearly 3% over
the forecast period. The increasing demand for high-performance vehicles
is one of the key factors driving the market growth
," says Amey
Vikram, a lead analyst at Technavio for automotive
components
research.

Competitive vendor landscape

In terms of the market share, the global automotive timing belt market
is highly fragmented among global and local players. The global players
dominate the market due to their relationships with the OEMs, quality of
the products they produce, mass production facilities they own, and
their established distribution networks. The local players maintain
their position in this competitive market because of their keen
understanding of their local market and channel distribution in the
aftermarket segment.

The global automotive timing belt market is dependent on the aftermarket
segment for its growth because the aftermarket segment is growing at a
higher pace than the OEM segment. Therefore, the players that have a
strong presence in the aftermarket segment will have the upper hand. The
competition in this market in the past has been mainly based on quality,
availability, customer relationship, and pricing but R&D in this market
will play a vital role in future.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Top five vendors in the global automotive timing belt market

B&B MANUFACTURING

B&B MANUFACTURING operates as a manufacturer, distributor, OEM, and
consultant in the power transmission and precision mechanical component
industries. The company is involved in the manufacture and distribution
of timing pulleys, timing belts, bushings, bar stocks and flanges,
roller chain sprockets, spur gears, and v-belt sheaves.

THE CARLSTAR GROUP

THE CARLSTAR GROUP is one of the leading producers of original equipment
and aftermarket specialty tires, industrial belts, and wheels and serves
various markets, including agriculture, outdoor power equipment, power
sports, construction, towable, and trailers.

ContiTech

ContiTech company manufactures and markets rubber and plastic products
that are primarily used in the automotive market across the globe. It
operates as a subsidiary of Continental.

J.K. Fenner (India) Limited

J.K. Fenner (India) Limited, along with its subsidiaries, provides
advanced engineered products and engineered conveyor solutions across
the world.

Gates Corporation

Gates Corporation manufactures and supplies power transmission belts and
fluid power products. The company offers premium engineering and
services to decrease downtime, increase safety for the oil and gas
market, and contribute to risk management. It provides engineering
support, expert technical support, maintenance programs, and training
programs.

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About Technavio

Technavio
is leading global technology research and advisory company. The company
develops over 2000 pieces of research every year, covering more than 500
technologies across 80 countries. Technavio has about 300 analysts
globally who specialize in customized consulting and business research
assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

If you are interested in more information, please contact our media team
at media@technavio.com.

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