자동차용 타이밍 벨트 시장 예측( -2030년) : 유형별, 차종별, 재료별, 유통 채널별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Automotive Timing Belt Market is accounted for $7.55 billion in 2024 and is expected to reach $10.96 billion by 2030 growing at a CAGR of 6.4% during the forecast period. A timing belt is a toothed rubber belt that connects the crankshaft and camshaft in an internal combustion engine. It ensures the engine's valves open and close in precise synchronization with the pistons, crucial for proper combustion and engine performance. Timing belts are typically replaced every 60,000 to 100,000 miles to prevent failure, which can lead to severe engine damage.

Market Dynamics:

Driver:

Increasing vehicle production

The need for timing belts, which are crucial parts of internal combustion engines, increases in direct proportion to the number of vehicles produced worldwide. Increased ownership of vehicles in developing economies due to rising disposable incomes is one of the causes driving this spike in vehicle production. The automobile industry is also developing as a result of improvements in automotive design and technology, increasing urbanization, and the development of infrastructure. As a result, the increased demand for timing belts due to the increased vehicle production directly benefits the manufacturers and suppliers in this industry.

Restraint:

Shift towards electric vehicles (EVs)

A major obstacle facing the automotive timing belt market is the transition to electric vehicles (EVs). Since they lack the intricate valve timing devices that timing belts control, EVs do not use them like cars with internal combustion engines. It is anticipated that the need for timing belts for conventional automobiles would decrease as EV adoption picks up speed worldwide. The market is under negative pressure from this tendency, which could have an effect on timing belt suppliers and manufacturers. The pace of EV adoption and the proportion of the market still occupied by cars with internal combustion engines will determine the long-term impact.

Opportunity:

Consumer preference for engine durability

Customers place a high value on a vehicle's dependability and lifespan, thus the timing belt is essential. High-quality, long-lasting timing belts are in high demand since they guarantee proper engine operation and guard against expensive damage. Manufacturers are encouraged by this inclination to create sophisticated timing belts with longer lifespans and better resilience to wear and strain. Additionally, it benefits the timing belt market's aftermarket segment by reiterating the significance of prompt replacement and routine maintenance. As a result, consumer concerns about engine longevity spur innovation and maintain demand in the automobile timing belt market.

Threat:

Increasing popularity of hybrid vehicles

A complex issue to the automotive timing belt business is the growing popularity of hybrid cars. Despite the fact that hybrids frequently use internal combustion engines (ICEs), other designs use various timing methods or, with the help of the electric motor, put less strain on the timing belt. When compared to conventional ICE automobiles, this may result in a decreased need for timing belts. Additionally, some hybrid components have a longer lifespan, which may reduce the need for timing belt changes. Consequently, the timing belt demand may decrease overall as the use of hybrid vehicles increases, which would have an effect on market expansion and force manufacturers to modify their business plans in light of the changing automotive environment.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the automotive timing belt market. Lockdowns and production halts disrupted supply chains and reduced vehicle production, leading to a decrease in demand for timing belts. Economic uncertainty further dampened consumer spending, affecting both OEM and aftermarket sales. However, as economies recover and vehicle production resumes, the market is expected to gradually regain momentum.

The dry belt segment is expected to be the largest during the forecast period

The dry belt segment is expected to account for the largest market share during the forecast period, because they are cost-effective to produce and purchase, making them a popular choice for manufacturers and consumers alike. Their simple design and reliable performance across various engine types contribute to their widespread use. Additionally, dry belts require minimal maintenance compared to other types, further increasing their appeal, especially in passenger vehicles. These advantages drive the demand for dry belts in the automotive timing belt market.

The repair services segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the repair services segment is predicted to witness the highest growth rate, due to the natural wear and tear of timing belts necessitates periodic replacements, creating a consistent demand for repair services. As vehicles age, the likelihood of timing belt failure increases, further fueling the need for replacements. Additionally, preventative maintenance schedules and manufacturer recommendations contribute to the demand for timing belt-related repairs, ensuring optimal engine performance and preventing costly damage.

Region with largest share:

During the forecast period, Asia Pacific region is expected to hold the largest market share, owing to rapidly increasing vehicle production in countries like China and India fuels demand for timing belts. A growing middle class and rising disposable incomes contribute to increased vehicle ownership, further driving market growth. The region's expanding automotive aftermarket also creates opportunities for timing belt replacements and related services.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. High vehicle ownership rates and a robust aftermarket sector drive demand for replacements and repairs. Technological advancements in engine systems and a focus on vehicle quality and performance further contribute to market expansion. However, the increasing popularity of electric vehicles poses a long-term challenge to the market's sustained growth in this region.

Key players in the market

Some of the key players profiled in the Automotive Timing Belt Market include Gates Corporation, Continental AG, Dayco Products, LLC, Bando Chemical Industries, Ltd., SKF Group, Mitsuboshi Belting Ltd., Nexen Group, Inc., Tsubaki Nakashima Co., Ltd., Pix Transmissions Ltd., The Timken Company, Habasit AG, Mitsubishi Electric Corporation, Cooper Standard, Schaeffler Group, and Zhejiang Sanhua Intelligent Controls Co., Ltd.

Key Developments:

In January 2025, Continental launches new hose for the food and beverage industry. Continental has further developed its BLAUDIECK hose for the food and beverage industry. To offer maximum safety, cleanliness, robustness and precision, Continental's ContiTech group sector is the first company to consistently use ultra-high molecular weight polyethylene (UPE) as the sole material solution for the hose inner lining.

In September 2024, Gates is continuing to drive innovation for the data center cooling market with the upcoming launch of the Data Master(TM) Data Center Cooling Hose. This fluid conveyance solution, a result of Gates Eco-Innovation(TM) process, is a further expansion into data center liquid cooling applications which are a rapidly growing segment within data center cooling driven by compute-intensive applications such as Artificial Intelligence.

Types Covered:

• Rubber-based Belts
• Polyurethane Belts
• Dry Belt
• Belt-in-Oil
• Chain
• Fiberglass Reinforced
• Other Types

Vehicle Types Covered:

• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles (EVs)
• Heavy Duty Vehicles
• Motorcycles

Materials Covered:

• Nylon
• Steel Reinforced

Distribution Channels Covered:

• Original Equipment Manufacturer (OEM)
• Aftermarket

End Users Covered:

• Automotive
• Industrial Equipment
• Repair Services
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Automotive Timing Belt Market, By Type

• 5.1 Introduction
• 5.2 Rubber-based Belts
• 5.3 Polyurethane Belts
• 5.4 Dry Belt
• 5.5 Belt-in-Oil
• 5.6 Chain
• 5.7 Fiberglass Reinforced
• 5.8 Other Types

6 Global Automotive Timing Belt Market, By Vehicle Type

• 6.1 Introduction
• 6.2 Passenger Vehicles
• 6.3 Commercial Vehicles
• 6.4 Electric Vehicles (EVs)
• 6.5 Heavy Duty Vehicles
• 6.6 Motorcycles

7 Global Automotive Timing Belt Market, By Material

• 7.1 Introduction
• 7.2 Nylon
• 7.3 Steel Reinforced

8 Global Automotive Timing Belt Market, By Distribution Channel

• 8.1 Introduction
• 8.2 Original Equipment Manufacturer (OEM)
• 8.3 Aftermarket

9 Global Automotive Timing Belt Market, By End User

• 9.1 Introduction
• 9.2 Automotive
• 9.3 Industrial Equipment
• 9.4 Repair Services
• 9.5 Other End Users

10 Global Automotive Timing Belt Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Gates Corporation
• 12.2 Continental AG
• 12.3 Dayco Products, LLC
• 12.4 Bando Chemical Industries, Ltd.
• 12.5 SKF Group
• 12.6 Mitsuboshi Belting Ltd.
• 12.7 Nexen Group, Inc.
• 12.8 Tsubaki Nakashima Co., Ltd.
• 12.9 Pix Transmissions Ltd.
• 12.10 The Timken Company
• 12.11 Habasit AG
• 12.12 Mitsubishi Electric Corporation
• 12.13 Cooper Standard
• 12.14 Schaeffler Group
• 12.15 Zhejiang Sanhua Intelligent Controls Co., Ltd.