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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

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Date: 27-Nov-2017
No. of pages: 124
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“The growth of direct injection engines and rise in vehicle production fuel the demand for the timing belt market”

The timing belt market is estimated to grow at a CAGR of 5.21% during the forecast period, to reach a market size of USD 9.22 billion by 2025. The key factors driving the growth of the timing belt market are the rising adoption of direct injection engines and growing vehicle production globally. The rising vehicle parc and increased average miles per vehicle drive the growth of the timing belt after market. The rising demand for Battery Electric Vehicles (BEV), which do not deploy an ICE, may act as a restraint for the timing belt market.

“Hybrid Electric Vehicle (HEV) is estimated to be the largest market, by value, for timing belt by hybrid vehicle type from 2017 to 2025”

The HEV segment is estimated to be the largest market for timing belt, by hybrid vehicle type. The widespread adoption and higher production of HEVs,as compared to PHEVs, has led to the growth of the timing belt market in this vehicle segment.

“Tensioner Market: Largest component type market in timing belt market from 2017 to 2025”

Tensioners ensure efficient working order of a timing chain or belt. The timing chain tensioner maintains appropriate tension in the timing chain or belt. Automotive tensioners are used in timing belts as well as timing chain systems. Tensioners are costlier than other components of the timing drive system. Thus, tensioners are estimated to hold the largest share of the timing belt market, by component, in terms of value, during the forecast period.

“AsiaOceania: Largest and fastest-growing region in timing belt market from 2017 to 2025”

AsiaOceania is estimated to dominate the global timing belt market. The Asia Oceania timing belt market is projected to grow at the highest rate during the forecast period. Countries such as China, Japan, and India are the leading markets in the region in vehicle production. China alone contributed around 61.2% of the vehicle production in Asia Oceania in 2016. Thus, the increasing vehicle production in Asia Oceania acts as a major growth driver for the timing belt market.

Breakdown Of Primaries

The study contains insights provided by various industry experts, ranging from component suppliers to Tier-1 companies. The break-up of the primaries is as follows:


  • By Company Type:Tier-1–50 %,Tier-2-33%,OEMs--17%

  • By Designation: C level–17%, DLevel–33%, Others–50%

  • By Region: North America–49%, Europe–35%, AsiaOceania–16%


The report provides detailed profiles of the following companies:


  • Continental(Germany)

  • Aisin Seiki (Japan)

  • Schaeffler (Germany)

  • Goodyear (US)

  • SKF (Sweden)

  • BorgWarner (US)

  • Toyoda (Japan)

  • NTN (Japan)

  • Hutchinson (France)

  • Gates Corporation(US)


Research Coverage

The primary objective of the study is to define, describe, and forecast the timing belt market based on ICE vehicle type(passenger vehicles and commercial vehicles),hybrid vehicle type (HEV and PHEV), Timing Drive type (Dry Belts, Chains, Belt-In-Oil),Component(Idler Pulleys, Sprockets, Timing Shield/Cover, Tensioner), and timing belt aftermarket. The report analyzes the regional markets for growth trends, prospects, and their contribution to the overall market. The report also tracks and analyzes competitive developments such as new product launches, expansions, joint ventures, acquisitions, and other industry activities carried out by key industry participants.

Reasons for buying the report:

The report shall help the stakeholders in gaining a detailed analysis of the timing belt market with respect to country-level market of belt type, and other markets at regional level, such as vehicle & hybrid vehicle type, components, and aftermarket. The study provides qualitative and quantitative analysis of each segment, which is represented in terms of volume (thousand units) and value (USD million). Stakeholders also get information on the top ten companies that have a significant impact in the market. These companies are profiled along with their financial structure, recent developments, and product portfolio.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Factor Analysis
2.4.1 Introduction
2.4.2 Demand-Side Analysis
2.4.2.1 Increased Demand for Commercial Vehicles
2.4.2.2 Rise in Household Disposable Income
2.4.3 Supply-Side Analysis
2.4.3.1 Engine Downsizing Due to Vehicle Light-Weighting to Support the Timing Chain Demand
2.4.3.2 Technological Advances and Increase in R&D Expenditure
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
2.6 Data Triangulation
2.7 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Timing Belt Market
4.2 Timing Belt Market, By Region
4.3 Timing Belt Market, By ICE Vehicle
4.4 Timing Belt Market, By Hybrid Vehicle Type
4.5 Timing Belt Market, By Component
4.6 Timing Belt Aftermarket, By Vehicle Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of Direct Injection Engines to Fuel the Demand for Timing Chains
5.2.1.2 Increased Vehicle Parc & Average Miles Traveled
5.2.2 Restraints
5.2.2.1 Increase in Demand for Battery Electric Vehicles (BEVS)
5.2.3 Opportunities
5.2.3.1 Data Mining and Artificial Intelligence in the Timing Belt System
5.2.3.2 Shift From Dry Belt to Belt-In-Oil Timing System
5.2.4 Challenges
5.2.4.1 Large Unorganized Aftermarket for Timing Belts
5.2.4.2 Lack of Predictive Maintenance Can Cause Expensive Damage to Engine Components

6 Timing Belt Market, By ICE Vehicle
Note: the Chapter is Further Segmented at Regional Level - Asia-Oceania, Europe, North America and RoW
6.1 Introduction
6.2 Passenger Vehicle
6.3 Commercial Vehicle

7 Timing Belt Market, By Hybrid Vehicle Type
Note: the Chapter is Further Segmented at Regional Level - Asia-Oceania, Europe, North America and RoW
7.1 Introduction
7.2 Hybrid Electric Vehicle (HEV)
7.3 Plug-In Hybrid Electric Vehicle (PHEV)

8 Timing Belt Market, By Component
Note: the Chapter is Further Segmented at Regional Level - Asia-Oceania, Europe, North America and RoW
8.1 Introduction
8.2 Tensioner
8.3 Idler Pulley
8.4 Timing Shield/Cover
8.5 Sprocket

9 Timing Belt Market, By Region
The Chapter is Further Segmented at Country Level By Belt Drive Type (Timing Belt, Timing Chain, & Belt-In-Oil)
9.1 Introduction
9.2 Asia Oceania
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.3 Europe
9.3.1 France
9.3.2 UK
9.3.3 Germany
9.3.4 Spain
9.3.5 Rest of Europe
9.4 North America
9.4.1 Canada
9.4.2 Mexico
9.4.3 US
9.5 Rest of the World (RoW)
9.5.1 Brazil
9.5.2 Russia
9.5.3 RoW Others

10 Timing Belt Aftermarket, By Region
The Chapter is Further Segmented By Vehicle Type (Passenger Car & Commercial Vehicle)
10.1 Introduction
10.2 Asia Oceania
10.3 Europe
10.4 North America
10.5 Rest of the World (RoW)

11 Competitive Landscape
11.1 Introduction
11.2 Automotive Timing Belt: Market Ranking Analysis, 2016
11.3 Competitive Situation & Trends
11.3.1 New Product Launch/New Product Development/New Technology
11.3.2 Supply Contracts & Partnerships
11.3.3 Expansions/Investments
11.3.4 Mergers & Acquisitions/Joint Ventures/Collaborations

12 Company Profiles
(Overview, Product Offerings, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
12.1 Continental
12.2 Borgwarner
12.3 Schaffler
12.4 SKF
12.5 Toyoda
12.6 NTN
12.7 Aisin
12.8 Tsubakimoto
12.9 Fenner
12.10 Goodyear

*Details on Overview, Product Offerings, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.5.1 Timing Belt Market By Hybrid Vehicle Type & Belt Type
13.5.1.1 HEV
13.5.1.2 PHEV
13.5.2 Timing Belt Oe Market By Component Type, By Country
13.5.2.1 Tensioners
13.5.2.2 Idler Pulleys
13.5.2.3 Timing Shield/Cover
13.5.2.4 Sprocket
13.5.3 Timing Belt Aftermarket By ICE Vehicle Type, By Country
13.5.3.1 Passenger Vehicle
13.5.3.2 Commercial Vehicle
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Currency Exchange Rates (Per USD)
Table 2 Timeline of Euro Regulations for Heavy-Duty Engines & Passenger Vehicles, 2000–2015
Table 3 Timing Belt Market Size, By ICE Vehicle Type, 2015–2025 (‘000 Units)
Table 4 Timing Belt Market Size, By ICE Vehicle Type, 2015–2025 (USD Million)
Table 5 Timing Belt Market for Passenger Vehicles, By Region, 2015–2025 (‘000 Units)
Table 6 Timing Belt Market for Passenger Vehicles, By Region, 2015–2025 (USD Million)
Table 7 Timing Belt Market for Commercial Vehicles, By Region, 2015–2025 (‘000 Units)
Table 8 Timing Belt Market for Commercial Vehicles, By Region, 2015–2025 (USD Million)
Table 9 Timing Belt Market Size, By Hybrid Vehicle Type, 2015–2025 (‘000 Units)
Table 10 Timing Belt Market Size, By Hybrid Vehicle Type, 2015–2025 (USD Million)
Table 11 Timing Belt Market for Hybrid Electric Vehicles, By Region, 2015–2025 (‘000 Units)
Table 12 Timing Belt Market for Hybrid Electric Vehicles, By Region, 2015–2025 (USD Million)
Table 13 Timing Belt Market for Plug-In Hybrid Electric Vehicle, By Region, 2015–2025 (‘000 Units)
Table 14 Timing Belt Market for Plug-In Hybrid Electric Vehicle, By Region, 2015–2025 (USD Million)
Table 15 Timing Belt Market Size, By Component, 2015–2025 (‘000 Units)
Table 16 Timing Belt Market Size, By Component, 2015–2025 (USD Million)
Table 17 Tensioner Market Size, By Region, 2015–2025 (‘000 Units)
Table 18 Tensioner Market Size, By Region, 2015–2025 (USD Million)
Table 19 Idler Pulley Market Size, By Region, 2015–2025 (‘000 Units)
Table 20 Idler Pulley Market Size, By Region, 2015–2025 (USD Million)
Table 21 Timing Belt Shield Market Size, By Region, 2015–2025 (‘000 Units)
Table 22 Timing Belt Shield Market Size, By Region, 2015–2025 (USD Million)
Table 23 Sprocket Market Size, By Region, 2015–2025 (‘000 Units)
Table 24 Sprocket Market Size, By Region, 2015–2025 (USD Million)
Table 25 Timing Belt Market Size, By Region, 2015–2025 (‘000 Units)
Table 26 Timing Belt Market Size, By Region, 2015–2025 (USD Million)
Table 27 Asia Oceania: Timing Belt Market Size, By Country, 2015–2025 (‘000 Units)
Table 28 Asia Oceana: Timing Belt Market Size, By Country, 2015–2025 (USD Million)
Table 29 China: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 30 China: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 31 Japan: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 32 Japan: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 33 India: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 34 India: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 35 South Korea: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 36 South Korea: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 37 Europe: Timing Belt Market Size, By Country, 2015–2025 ('000 Units)
Table 38 Europe: Timing Belt Market Size, By Country, 2015–2025 (USD Million)
Table 39 France: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 40 France: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 41 UK: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 42 UK: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 43 Germany: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 44 Germany: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 45 Spain: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 46 Spain: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 47 Rest of Europe: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 48 Rest of Europe: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 49 North America: Timing Belt Market Size, By Country, 2015–2025 (‘000 Units)
Table 50 North America: Timing Belt Market Size, By Country, 2015–2025 (USD Million)
Table 51 Canada: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 52 Canada: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 53 Mexico: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 54 Mexico: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 55 US: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 56 US: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 57 RoW: Timing Belt Market Size, By Country, 2015–2025 (‘000 Units)
Table 58 RoW: Timing Belt Market Size, By Country, 2015–2025 (USD Million)
Table 59 Brazil: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 60 Brazil: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 61 Russia: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 62 Russia: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 63 RoW Others: Timing Belt Market Size, By Drive Type, 2015–2025 (‘000 Units)
Table 64 RoW Others: Timing Belt Market Size, By Drive Type, 2015–2025 (USD Million)
Table 65 Timing Belt Aftermarket Size, By Region, 2015–2025 (‘000 Units)
Table 66 Timing Belt Aftermarket Size, By Region, 2015–2025 (USD Million)
Table 67 Asia Oceania: Timing Belt Aftermarket Size, By Vehicle Type, 2015–2025 (‘000 Units)
Table 68 Asia Oceania: Timing Belt Aftermarket Size, By Vehicle Type, 2015–2025 (USD Million)
Table 69 Europe: Timing Belt Aftermarket Size, By Vehicle Type, 2015–2025 (‘000 Units)
Table 70 Europe: Timing Belt Aftermarket Size, By Vehicle Type, 2015–2025 (USD Million)
Table 71 North America: Timing Belt Aftermarket Size, By Vehicle Type, 2015–2025 (‘000 Units)
Table 72 North America: Timing Belt Aftermarket Size, By ICE Vehicle Type, 2015–2025 (USD Million)
Table 73 RoW: Timing Belt Aftermarket Size, By Vehicle Type, 2015–2025 (‘000 Units)
Table 74 RoW: Timing Belt Aftermarket Size, By Vehicle Type, 2015–2025 (USD Million)
Table 75 New Product Launch/New Product Development/New Technology, 2014–2017
Table 76 Supply Contracts & Partnerships, 2014–2017
Table 77 Expansions, 2014–2016
Table 78 Mergers & Acquisitions/Joint Ventures/Collaborations, 2014

List of Figures

Figure 1 Timing Belt Market: Market Segmentation
Figure 2 Timing Belt Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Average Annual Household Disposable Income, (USD)
Figure 6 Timing Belt Market: Bottom-Up Approach
Figure 7 Timing Belt Market, By Region, 2017 vs 2025 (USD Million)
Figure 8 Timing Belt Market, By ICE Vehicle, 2017 vs 2025 (USD Million)
Figure 9 Timing Belt Market, By Component, 2017 vs 2025 (USD Million)
Figure 10 Timing Belt Market, By Hybrid Vehicle Type, 2017 vs 2025 (USD Million)
Figure 11 Timing Belt Aftermarket, By Vehicle Type, 2017 vs 2025 (USD Million)
Figure 12 Rising Vehicle Production & Increasing Adoption of Direct Injection Engines Shall Lead to the Growth of the Timing Belt Market From 2017 to 2025
Figure 13 Asia Oceania is Estimated to Be the Largest & Fastest Growing Timing Belt Market During the Forecast Period (‘000 Units)
Figure 14 Passenger Vehicle Segment Holds the Largest Share of the Timing Belt Market, 2017 vs 2025 (USD Million)
Figure 15 HEV Timing Belts are Estimated to Have the Largest Market Size, 2017 vs 2025 (‘000 Units)
Figure 16 Tensioners are Expected to Lead the Timing Belt Market, By Component, 2017 vs 2025 (USD Million)
Figure 17 Passenger Car Timing Belt is Estimated to Have the Largest Aftermarket Size, 2017 vs 2025 (USD Million)
Figure 18 Timing Belt Market: Market Dynamics
Figure 19 Global Passenger Car Vehicle Parc, 2005–2015 (Thousand Units)
Figure 20 Annual Miles Travelled Per Year in the US (Thousand Miles)
Figure 21 Europe: Sales of Battery Electric Vehicles, 2011–2015 (‘000 Units)
Figure 22 Passenger Vehicles is Expected to Be the Largest Oe Market By ICE Vehicle Type for Timing Belts During the Forecast Period (USD Million)
Figure 23 North America is Expected to Be the Fastest Growing Region for the Hybrid Vehicle Timing Belt Market, 2017 vs 2025 (USD Million)
Figure 24 Timing Belt Market, By Component, 2017 vs 2025 (USD Million)
Figure 25 Timing Belt Market, By Region, 2017 vs 2025 (USD Million)
Figure 26 Asia Oceania: Automotive Timing Belt Market Snapshot
Figure 27 Europe: Timing Belt Market Size, By Country, 2017 vs 2025 (USD Million)
Figure 28 North America: Automotive Timing Belt Market Snapshot
Figure 29 Passenger Vehicle Segment is Expected to Lead the Timing Belt Aftermarket During the Forecast Period (USD Million)
Figure 30 Automotive Timing Belt Market Ranking, 2016
Figure 31 Continental: Company Snapshot (2016)
Figure 32 Borgwarner: Company Snapshot (2016)
Figure 33 Schaeffler: Company Snapshot (2016)
Figure 34 SKF: Company Snapshot (2016)
Figure 35 Toyoda: Company Snapshot (2015)
Figure 36 NTN: Company Snapshot (2016)
Figure 37 Aisin: Company Snapshot (2016)
Figure 38 Tsubakimoto: Company Snapshot (2016)
Figure 39 Fenner: Company Snapshot (2016)
Figure 40 Goodyear: Company Snapshot (2016)

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