London, 18 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global automotive timing belt market 2015-2019, which is expected to grow at a CAGR of 4.37% during 2015-2019.
“OEMs and timing belt manufacturers are discovering various methods to increase the durability and life of rubber-based timing belts. Fiber-reinforced materials such as glass fiber are gaining prominence in timing belt production,” says Faisal Ghaus, Vice President of Technavio.
“The application of glass fiber in the manufacturing timing belts enhances the stability and extends the overall life of the timing belt, as the belt cord’s stiffness improves along with an increase in creep resistance.”
Key Market Drivers
- Need for replacement of old and damaged timing belts
- Increase in demand from emerging economies
Key Market Trends
- Use of thermally stable materials in timing belts
- Shift from conventional metal chain to rubber or fiber-based belts
- Usage of fiber- reinforced materials in timing belts
Key Market Vendors
- B&B Manufacturing
- Carlstar
- ContiTech
- Fenner
- Gates
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
