Automotive Timing Chain & Belt Market Outlook from (2023 to 2033)

The automotive timing chain & belt market is projected to exceed the market valuation of US$ 13.2 billion by the end of 2033.

Automotive timing chains and belts are placed into an engine into a specific configuration at one side of the engine to keep the camshafts and crank timed properly. This helps the top half of the engine (valves, cylinder head) to synchronize with the bottom half of the engine (crankcase, pistons). The growth of direct injection engines and increasing vehicle production are the major driving factors propelling the global market.

As per Future Market Insights (FMI), the global automotive timing chain & belt market is anticipated to register a CAGR of 4.5% between 2023 to 2033. Regionally, Asia Pacific excluding Japan is expected to dominate the global automotive timing chain & belt market in terms of revenue.

Attribute Details
Automotive Timing Chain & Belt Market Value (2023) US$ 8.6 billion
Automotive Timing Chain & Belt Market Forecast Value (2033) US$ 13.2 billion
Automotive Timing Chain & Belt Market CAGR (2023 to 2033) 4.5%

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2017 to 2022 Automotive Timing Chain & Belt Market Outlook Compared To 2023 to 2033 Forecast

Manufacturers in the automotive timing chain & belt market are focusing on developing new application-specific product offerings to meet the client requirements. Furthermore, industry participants are concentrating their efforts on improving their distribution networks while focusing on direct sales.

For instance, in 2017, BG Automotive introduced a new range of products for the automotive market, such as timing chain kits. These kits were supplied to different OEMs, such as Citroen, Peugeot, Land Rover, Jaguar, and others.

Enhancing product quality through the implementation of new technologies and the adoption of fresh, robust, and long-lasting materials at a competitive price is projected to create lucrative revenues for the key players.

Key players are also focusing on improving vehicle safety in order to gain a competitive edge in the industry. For example, Sumax industry limited took part in Automec Sao Paulo Expo 2017 to showcase their new product offering for the customers.

Online sales channels, on the other hand, are gaining popularity, particularly in developed regions, such as Europe and North America.

A slew of such developments and product launches is projected to aid the market growth. As per Future Market Insights, the global automotive timing chain & belt market is expected to expand at a CAGR of 4.5% in terms of value from 2023 to 2033.

Attribute Valuation
2025 US$ 9.39 billion
2028 US$ 10.72 billion
2032 US$ 11.22 billion
  • Short Term (2023 to 2026): The market is projected to demonstrate an upward trajectory within this time period. This can be attributed to the increasing shift of component manufacturers towards the opportunities already present in Eastern Europe. The domestic production base is projected to increase within the region in the next few years, leading to a subsequent improvement of the overall market.
  • Medium Term (2026 to 2029): The ongoing advancements in the market to upgrade timing technology are predicted to foster market growth. These advancements provide a low-risk changeover from quartz devices to silicon solutions so as to enhance the overall system reliability.
  • Long Term (2029 to 2033): Research and development of advanced automotive timing solutions is a key growth driver for the market over the forecast period. Excessive improvement in the overall quality of timing components is projected to increase the automotive customers and growth prospects for market players.
Historical CAGR (2017 to 2022) 3.9%
Forecast CAGR (2023 to 2033) 4.5%

Asia Pacific excluding Japan Witnessing Technological Breakthroughs in the Market

Asia Pacific excluding Japan is considered to be the prominent region for the automotive timing chain & belt market. Growth is attributable to the expansion of automobile manufacturing in the region.

Factors such as increasing technological breakthroughs, rising vehicle sales, and surging demand for improved timing chains and belts are contributing to the region's growth in the market.

China and India are expected to lead the regional growth, owing to the expansion of vehicle manufacturing in the region. Furthermore, sales of automotive vehicles in Asia Pacific excluding Japan are increasing, which is expected to boost sales of automotive timing chains and belts throughout the assessment period.

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Adoption of AI and IoT to Boost Market Expansion

Key market participants in the automobile timing chain & belt market are focusing on end-user requirements. In order to capitalize on the growing demand for innovation, they are adopting advanced technologies such as artificial intelligence and the internet of things.

The rapid expansion of the automobile industry is being experienced across Western Europe, North America, and Asia Pacific. The automotive timing chain & belt industry is expected to witness robust growth on account of a rising trend in innovation, and this trend is projected to continue during the projection period.

For instance, in August 2017, BorgWarner started producing timing chains for the Renault Kadjar 2.0L sport utility vehicle, and Dongfeng Renault Automotive Company’s (DRAC’s) first vehicle was built in its new plant in Wuhan, China.

Country-wise Insights

Country United States
CAGR (2023 to 2033) 3.3%
Market Size (2033) US$ 1.5 billion
Country United Kingdom
CAGR (2023 to 2033) 2.6%
Market Size (2033) US$ 229.8 million
Country China
CAGR (2023 to 2033) 6.1%
Market Size (2033) US$ 4.3 billion
Country Japan
CAGR (2023 to 2033) 2.9%
Market Size (2033) US$ 899.1 million
Country India
CAGR (2023 to 2033) 5.6%
Market Size (2033) US$ 646.3 million

China to Maintain its Dominant Position in the Automotive Timing Chains & Belts Market

Attributes Details
Market Size (2033) US$ 4.3 billion
Market Absolute Dollar Growth (US$ million/billion) US$ 1.9 billion

China is likely to lead the global market in terms of CAGR as well as market value. The country is projected to register a CAGR of 6.1% from 2023 to 2033 and attain a market valuation of US$ 4.3 billion by 2033. A significant number of vehicles being manufactured in the country is propelling the demand for automotive timing chains and belts. Furthermore, factors such as rising urbanization, industrialization, inflating purchasing parity of the population, and enhancement in infrastructure, are propelling the demand for vehicles.

The intensifying efforts of manufacturers to develop enhanced and high-performance engines are projected to boost market growth. In the forecast period, the market is projected to witness increasing utilization of fiber-reinforced matter in timing belts. The growing demand for fiber-reinforced material can be attributed to its ability to enhance the lifespan of a timing belt.

Historical CAGR (2017 to 2022) 5.3%
Forecast CAGR (2023 to 2033) 6.1%

Strong Presence of Key Players in the United States to Enable Market Expansion

Attributes Details
Market Size (2033) US$ 1.5 billion
Market Absolute Dollar Growth (US$ million/billion) US$ 427.7 million

Increasing demand for vehicles in the United States is projected to support the growth in the North American automotive timing chain & belt market. The strong presence of automotive manufacturing companies, such as Ford, Fiat, General Motors, and many others is projected to facilitate market growth.

The United States is estimated to dominate the North American automotive timing chain & belt market over the forecast period. As per FMI, the United States market is predicted to surpass US$ 1.5 billion by the end of 2033. The United States automotive timing chain & belt market is projected to expand at a CAGR of 3.3% over the forecast period.

Historical CAGR (2017 to 2022) 2.7%
Forecast CAGR (2023 to 2033) 3.3%

Implementation of New Fuel-Saving Technologies to Propel Market Growth in Japan

Attributes Details
Market Size (2033) US$ 899.1 million
Market Absolute Dollar Growth (US$ million/billion) US$ 225.7 million

Japan is anticipated to be the lucrative pocket in East Asia automotive timing chain & belt market, as per FMI. Demand in the market is projected to rise on the back of the implementation of new fuel-saving technologies such as cylinder deactivation, valve timing & lift technologies, and gasoline direct injection (GDI). Leading manufacturers are aiming to increase their production in Japan by establishing new facilities in the country. For example, Denso Corporation expanded its production capacity by establishing an additional manufacturing facility at its DENSO Fukushima location in Tamura city, Japan in 2017.

On the back of these aforementioned factors, Japan’s automotive timing chain & belt market is projected to expand at a CAGR of 2.9% over the forecast period.

Historical CAGR (2017 to 2022) 2.4%
Forecast CAGR (2023 to 2033) 2.9%

Escalating Urban Logistic Control to Boost Market Growth in India

Attributes Details
Market Size (2033) US$ 646.3 million
Market Absolute Dollar Growth (US$ million/billion) US$ 272 million

The Indian automotive timing chain & belt market is anticipated to witness healthy growth in the next 10 years. By 2033, the Indian market is projected to attain US$ 646.3 million, exhibiting a CAGR of 5.6% in the meantime. The market growth in the country can be credited to the rise in urban logistic control, which is propelling the demand for automotive chains and belts. Furthermore, the extended lifecycle of used automobiles to enhance automotive aftermarket sales of timing systems is also projected to brighten the market prospects.

Historical CAGR (2017 to 2022) 5.1%
Forecast CAGR (2023 to 2033) 5.6%

Accelerating New Registrations and Passenger Cars Propelling the German Market

Germany is Europe's largest automotive market in terms of production and sales of all types of vehicles. Germany has Europe's substantial concentration of OEM factories, with a significant number of new registrations and passenger cars. The majority of German automobiles are exported to other European nations, with neighboring countries accounting for more than half of all exports.

German automakers accounted for about three-quarters of the worldwide premium car market, with a comparable proportion of premium vehicles built for export. Hence, with the rapid expansion of the automobile industry, demand for automotive timing chains and belts is projected to soar over the forecast period.

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Category-Wise Insights

Taxonomy Product Type
Top Segment Chain
Forecast CAGR 4%
Taxonomy Engine Type
Top Segment Gasoline
Forecast CAGR 4.4%

Surging Innovations of Automotive Chains to Strengthen their Market Hold

The chain segment is projected to be the leading product type in the next decade, estimated to register a 4% CAGR from 2023 to 2033. Various product innovations and the initiation of research studies to propel advancements in automotive timing chains are projected to accelerate segment growth. For instance, in June 2021, NTN Corporation revealed a new series of timing chain kits. The company widened the range of automotive products with the introduction of 22 timing chain kits.

Historical CAGR (2017 to 2022) 4.6%
Forecast CAGR (2023 to 2033) 4%

Gasoline-powered Engines to Emerge as the Preferred Choice of End Users

The gasoline segment is projected to be the dominating engine type over the forecast period. The segment is assessed to account for 4.4% CAGR from 2023 to 2033, higher than the 3.9% CAGR registered in the historical period. The gasoline-powered engines are expected to flourish on account of expanding automotive sector. Further, the rising preference of consumers for high-mileage automobiles is projected to boost segment growth over the stipulated time frame.

Historical CAGR (2017 to 2022) 3.9%
Forecast CAGR (2023 to 2033) 4.4%

Increasing Passenger Car Sales Spur Automotive Timing Chain & Belt Demand

On the basis of vehicle type, the market is segmented into passenger cars, LCVs, HCV, and off-highway vehicles. With an increasing preference for sophisticated and more efficient timing chains and belts, the passenger car segment is expected to grow at a significant rate. Increasing demand for passenger vehicles coupled with rising disposable income is projected to create a conducive environment for the automotive timing chain & belt market.

The growth prospects of passenger cars are expected to enhance as automakers expend a large sum of money on research. As a result, prominent manufacturers are releasing new and upgraded products in the market, such as advanced engines or other components. The escalating production and sale of passenger cars are eventually leveraging market growth. In the year 2020, the global sale of passenger vehicles was more than 68 million, as per the International Organization of Motor Vehicle Manufacturers (OICA).

Preference for OEMs Rising in Automotive Timing Chain and Belt Market

The original equipment manufacturers (OEMs) segment is anticipated to witness significant growth over the forthcoming years. Major OEMs are aiming for partnerships with prominent automotive component manufacturers to achieve significant profitability and ease of business. Additionally, automotive OEMs are making huge investments to manufacture high-performance engines and boost the durability of timing belts. These factors are predicted to foster advancements in OEMs in the forecast period.

Strategic Moves by Key Players to Stay Ahead of the Curve

In order to strengthen their global presence and improve the supply of automotive components, key players are aiming for strategic acquisitions and expansion activities. Several key players are also focusing on improving the efficiency of automotive timing chains and belts.

For Instance:

  • In January 2023, TSUBAKIMOTO CHAIN CO. released a plastic modular chain for WT2520 series. This chain has a width of 100 mm, which makes it suitable for substituting belt conveyors. Due to the excellent friction properties of rubber on the conveyor surfaces, the plastic modular chains are ideal for inclined conveyors.
  • In November 2022, BG Automotive, a leading automotive aftermarket supplier, revealed its extended product range. These include 17 new references spanning several product categories, including timing belts, cylinder heads, lubrication, cooling, and gaskets. The company constantly develops new product references each month for the automotive aftermarket industry to offer the newest product applications.
  • In July 2019, Schaeffler Technologies AG launched a new INA timing chain kit for 1.4l TSI engines of the VW Group.
  • In July 2019, Continental AG announced the official opening of its new Powertrain plant in Wuhu, China. Representing an investment of almost US$ 30.06 million for land and building.

List encompassing key players operating in automotive timing chain & belt market

  • Tsubakimato Chain Co.
  • BG Automotive
  • Continental AG
  • BorgWarner Inc.
  • Denso Corporation
  • Schaeffler Technologies AG & Co. KG
  • Mitsuboshi Belting Ltd.
  • L.G. Balakrishan & Bros Ltd
  • Daido Kogyo Co. Ltd.
  • SKF AB
  • Iwis Group
  • Gates Corporation
  • Dayco Products LLC
  • Qingdao Choho Industrial Co. Ltd.
  • Rockman Industries Ltd.
  • Sumax Industry Limited
  • CIC USA Corp
  • KCM Automobile Transmission Co. Ltd
  • Mahle GmbH

Scope Of Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2017 to 2022
Market Analysis USD million/billion for Value
Key Regions Covered North America; Latin America; Eastern Europe; Western Europe; Asia Pacific Excluding Japan; Japan; Middle East; and Africa
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain Italy, BENELUX, Russia, Poland, China, India, ASEAN, Australia, and New Zealand, South Africa
Key Segments Covered Product Type, Engine Type, Vehicle Type, Sales Channel, and Region
Key Companies Profiled Tsubakimato Chain Co.; BG Automotive; Continental AG; BorgWarner Inc.; Denso Corporation; Schaeffler Technologies AG & Co. KG; Mitsuboshi Belting Ltd.; L.G. Balakrishan & Bros Ltd; Daido Kogyo Co. Ltd.; SKF AB; Iwis Group; Gates Corporation; Dayco Products LLC; Qingdao Choho Industrial Co. Ltd.; Rockman Industries Ltd.; Sumax Industry Limited; CIC USA Corp; KCM Automobile Transmission Co. Ltd; Mahle GmbH
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Market Segmentation

By Product Type:

  • Chain
    • Roller Chain
    • Non-Roller Chain
  • Belt
    • Dry Belt
    • Belt In Oil

By Engine Type:

  • Gasoline
    • Inline Engine
    • V-Engine
  • Diesel
    • Inline Engine
    • V-Engine

By Vehicle Type:

  • Passenger Car
  • LCV
  • HCV
  • Off-Highway Vehicles

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa (MEA)

Frequently Asked Questions

What is the Market Estimation for Global Automotive Timing Chain & Belt Market?

The global automotive timing chain & belt market is projected to reach a valuation of US$ 13.2 billion by 2033.

Which are the Top Companies Providing Automotive Timing Chain & Belt?

Tsubakimato Chain Co. and BG Automotive are the top players in the automotive timing chain & belt market.

Which Region is Expected to Dominate the Automotive Timing Chain & Belt Market?

China is expected to dominate the automotive timing chain & belt market throughout the forecast period.

At what CAGR is the Global Automotive Timing Chain & Belt Market Projected to Expand in the Forecast Period?

The global market of automotive timing chain & belt is projected to register a CAGR of 4.5%.

Table of Content
1. Executive Summary | Automotive Timing Chain & Belt Market
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyers
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2022
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2017 to 2022
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
        5.3.1. Chain
            5.3.1.1. Roller Chain
            5.3.1.2. Non-Roller Chain
        5.3.2. Belt
            5.3.2.1. Dry Belt
            5.3.2.2. Belt In Oil
    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2022
    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Engine Type
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Engine Type, 2017 to 2022
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Engine Type, 2023 to 2033
        6.3.1. Gasoline
            6.3.1.1. Inline Engine
            6.3.1.2. V-Engine
        6.3.2. Diesel
            6.3.2.1. Inline Engine
            6.3.2.2. V-Engine
    6.4. Y-o-Y Growth Trend Analysis By Engine Type, 2017 to 2022
    6.5. Absolute $ Opportunity Analysis By Engine Type, 2023 to 2033
7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Vehicle Type
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2017 to 2022
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033
        7.3.1. Passenger Car
        7.3.2. LCV
        7.3.3. HCV
        7.3.4. Off-Highway Vehicles
    7.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017 to 2022
    7.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033
8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Sales Channel
    8.1. Introduction / Key Findings
    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2017 to 2022
    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033
        8.3.1. OEM
        8.3.2. Aftermarket
    8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017 to 2022
    8.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region
    9.1. Introduction
    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2022
    9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
        9.3.1. North America
        9.3.2. Latin America
        9.3.3. Western Europe
        9.3.4. Eastern Europe
        9.3.5. Asia Pacific excluding Japan
        9.3.6. Japan
        9.3.7. Middle East & Africa (MEA)
    9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2022
    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. USA
            10.2.1.2. Canada
        10.2.2. By Product Type
        10.2.3. By Engine Type
        10.2.4. By Vehicle Type
        10.2.5. By Sales Channel
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Product Type
        10.3.3. By Engine Type
        10.3.4. By Vehicle Type
        10.3.5. By Sales Channel
    10.4. Key Takeaways
11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2022
    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Brazil
            11.2.1.2. Mexico
            11.2.1.3. Rest of Latin America
        11.2.2. By Product Type
        11.2.3. By Engine Type
        11.2.4. By Vehicle Type
        11.2.5. By Sales Channel
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Product Type
        11.3.3. By Engine Type
        11.3.4. By Vehicle Type
        11.3.5. By Sales Channel
    11.4. Key Takeaways
12. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2022
    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. Germany
            12.2.1.2. Italy
            12.2.1.3. France
            12.2.1.4. UK
            12.2.1.5. Spain
            12.2.1.6. BENELUX
            12.2.1.7. Rest of Western Europe
        12.2.2. By Product Type
        12.2.3. By Engine Type
        12.2.4. By Vehicle Type
        12.2.5. By Sales Channel
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Product Type
        12.3.3. By Engine Type
        12.3.4. By Vehicle Type
        12.3.5. By Sales Channel
    12.4. Key Takeaways
13. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2022
    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. Poland
            13.2.1.2. Russia
            13.2.1.3. Rest of Eastern Europe
        13.2.2. By Product Type
        13.2.3. By Engine Type
        13.2.4. By Vehicle Type
        13.2.5. By Sales Channel
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Product Type
        13.3.3. By Engine Type
        13.3.4. By Vehicle Type
        13.3.5. By Sales Channel
    13.4. Key Takeaways
14. Asia Pacific excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2022
    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. China
            14.2.1.2. India
            14.2.1.3. Association of Southeast Asian Nations
            14.2.1.4. Australia & New Zealand
            14.2.1.5. Rest of Asia Pacific excluding Japan
        14.2.2. By Product Type
        14.2.3. By Engine Type
        14.2.4. By Vehicle Type
        14.2.5. By Sales Channel
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Product Type
        14.3.3. By Engine Type
        14.3.4. By Vehicle Type
        14.3.5. By Sales Channel
    14.4. Key Takeaways
15. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2022
    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        15.2.1. By Country
        15.2.2. By Product Type
        15.2.3. By Engine Type
        15.2.4. By Vehicle Type
        15.2.5. By Sales Channel
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Product Type
        15.3.3. By Engine Type
        15.3.4. By Vehicle Type
        15.3.5. By Sales Channel
    15.4. Key Takeaways
16. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2022
    16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        16.2.1. By Country
            16.2.1.1. Turkey
            16.2.1.2. South Africa
            16.2.1.3. Rest of Middle East and Africa
        16.2.2. By Product Type
        16.2.3. By Engine Type
        16.2.4. By Vehicle Type
        16.2.5. By Sales Channel
    16.3. Market Attractiveness Analysis
        16.3.1. By Country
        16.3.2. By Product Type
        16.3.3. By Engine Type
        16.3.4. By Vehicle Type
        16.3.5. By Sales Channel
    16.4. Key Takeaways
17. Key Countries Market Analysis
    17.1. USA
        17.1.1. Pricing Analysis
        17.1.2. Market Share Analysis, 2022
            17.1.2.1. By Product Type
            17.1.2.2. By Engine Type
            17.1.2.3. By Vehicle Type
            17.1.2.4. By Sales Channel
    17.2. Canada
        17.2.1. Pricing Analysis
        17.2.2. Market Share Analysis, 2022
            17.2.2.1. By Product Type
            17.2.2.2. By Engine Type
            17.2.2.3. By Vehicle Type
            17.2.2.4. By Sales Channel
    17.3. Brazil
        17.3.1. Pricing Analysis
        17.3.2. Market Share Analysis, 2022
            17.3.2.1. By Product Type
            17.3.2.2. By Engine Type
            17.3.2.3. By Vehicle Type
            17.3.2.4. By Sales Channel
    17.4. Mexico
        17.4.1. Pricing Analysis
        17.4.2. Market Share Analysis, 2022
            17.4.2.1. By Product Type
            17.4.2.2. By Engine Type
            17.4.2.3. By Vehicle Type
            17.4.2.4. By Sales Channel
    17.5. Germany
        17.5.1. Pricing Analysis
        17.5.2. Market Share Analysis, 2022
            17.5.2.1. By Product Type
            17.5.2.2. By Engine Type
            17.5.2.3. By Vehicle Type
            17.5.2.4. By Sales Channel
    17.6. Italy
        17.6.1. Pricing Analysis
        17.6.2. Market Share Analysis, 2022
            17.6.2.1. By Product Type
            17.6.2.2. By Engine Type
            17.6.2.3. By Vehicle Type
            17.6.2.4. By Sales Channel
    17.7. France
        17.7.1. Pricing Analysis
        17.7.2. Market Share Analysis, 2022
            17.7.2.1. By Product Type
            17.7.2.2. By Engine Type
            17.7.2.3. By Vehicle Type
            17.7.2.4. By Sales Channel
    17.8. UK
        17.8.1. Pricing Analysis
        17.8.2. Market Share Analysis, 2022
            17.8.2.1. By Product Type
            17.8.2.2. By Engine Type
            17.8.2.3. By Vehicle Type
            17.8.2.4. By Sales Channel
    17.9. Spain
        17.9.1. Pricing Analysis
        17.9.2. Market Share Analysis, 2022
            17.9.2.1. By Product Type
            17.9.2.2. By Engine Type
            17.9.2.3. By Vehicle Type
            17.9.2.4. By Sales Channel
    17.10. BENELUX
        17.10.1. Pricing Analysis
        17.10.2. Market Share Analysis, 2022
            17.10.2.1. By Product Type
            17.10.2.2. By Engine Type
            17.10.2.3. By Vehicle Type
            17.10.2.4. By Sales Channel
    17.11. Poland
        17.11.1. Pricing Analysis
        17.11.2. Market Share Analysis, 2022
            17.11.2.1. By Product Type
            17.11.2.2. By Engine Type
            17.11.2.3. By Vehicle Type
            17.11.2.4. By Sales Channel
    17.12. Russia
        17.12.1. Pricing Analysis
        17.12.2. Market Share Analysis, 2022
            17.12.2.1. By Product Type
            17.12.2.2. By Engine Type
            17.12.2.3. By Vehicle Type
            17.12.2.4. By Sales Channel
    17.13. China
        17.13.1. Pricing Analysis
        17.13.2. Market Share Analysis, 2022
            17.13.2.1. By Product Type
            17.13.2.2. By Engine Type
            17.13.2.3. By Vehicle Type
            17.13.2.4. By Sales Channel
    17.14. India
        17.14.1. Pricing Analysis
        17.14.2. Market Share Analysis, 2022
            17.14.2.1. By Product Type
            17.14.2.2. By Engine Type
            17.14.2.3. By Vehicle Type
            17.14.2.4. By Sales Channel
    17.15. Association of Southeast Asian Nations
        17.15.1. Pricing Analysis
        17.15.2. Market Share Analysis, 2022
            17.15.2.1. By Product Type
            17.15.2.2. By Engine Type
            17.15.2.3. By Vehicle Type
            17.15.2.4. By Sales Channel
    17.16. Australia & New Zealand
        17.16.1. Pricing Analysis
        17.16.2. Market Share Analysis, 2022
            17.16.2.1. By Product Type
            17.16.2.2. By Engine Type
            17.16.2.3. By Vehicle Type
            17.16.2.4. By Sales Channel
    17.17. Japan
        17.17.1. Pricing Analysis
        17.17.2. Market Share Analysis, 2022
            17.17.2.1. By Product Type
            17.17.2.2. By Engine Type
            17.17.2.3. By Vehicle Type
            17.17.2.4. By Sales Channel
    17.18. Turkey
        17.18.1. Pricing Analysis
        17.18.2. Market Share Analysis, 2022
            17.18.2.1. By Product Type
            17.18.2.2. By Engine Type
            17.18.2.3. By Vehicle Type
            17.18.2.4. By Sales Channel
    17.19. South Africa
        17.19.1. Pricing Analysis
        17.19.2. Market Share Analysis, 2022
            17.19.2.1. By Product Type
            17.19.2.2. By Engine Type
            17.19.2.3. By Vehicle Type
            17.19.2.4. By Sales Channel
18. Market Structure Analysis
    18.1. Competition Dashboard
    18.2. Competition Benchmarking
    18.3. Market Share Analysis of Top Players
        18.3.1. By Regional
        18.3.2. By Product Type
        18.3.3. By Engine Type
        18.3.4. By Vehicle Type
        18.3.5. By Sales Channel
19. Competition Analysis
    19.1. Competition Deep Dive
        19.1.1. Tsubakimato Chain Co.
            19.1.1.1. Overview
            19.1.1.2. Product Portfolio
            19.1.1.3. Profitability by Market Segments
            19.1.1.4. Sales Footprint
            19.1.1.5. Strategy Overview
                19.1.1.5.1. Marketing Strategy
                19.1.1.5.2. Product Strategy
                19.1.1.5.3. Channel Strategy
        19.1.2. BG Automotive
            19.1.2.1. Overview
            19.1.2.2. Product Portfolio
            19.1.2.3. Profitability by Market Segments
            19.1.2.4. Sales Footprint
            19.1.2.5. Strategy Overview
                19.1.2.5.1. Marketing Strategy
                19.1.2.5.2. Product Strategy
                19.1.2.5.3. Channel Strategy
        19.1.3. Continental AG
            19.1.3.1. Overview
            19.1.3.2. Product Portfolio
            19.1.3.3. Profitability by Market Segments
            19.1.3.4. Sales Footprint
            19.1.3.5. Strategy Overview
                19.1.3.5.1. Marketing Strategy
                19.1.3.5.2. Product Strategy
                19.1.3.5.3. Channel Strategy
        19.1.4. BorgWarner Inc.
            19.1.4.1. Overview
            19.1.4.2. Product Portfolio
            19.1.4.3. Profitability by Market Segments
            19.1.4.4. Sales Footprint
            19.1.4.5. Strategy Overview
                19.1.4.5.1. Marketing Strategy
                19.1.4.5.2. Product Strategy
                19.1.4.5.3. Channel Strategy
        19.1.5. Denso Corporation
            19.1.5.1. Overview
            19.1.5.2. Product Portfolio
            19.1.5.3. Profitability by Market Segments
            19.1.5.4. Sales Footprint
            19.1.5.5. Strategy Overview
                19.1.5.5.1. Marketing Strategy
                19.1.5.5.2. Product Strategy
                19.1.5.5.3. Channel Strategy
        19.1.6. Schaeffler Technologies AG & Co. KG
            19.1.6.1. Overview
            19.1.6.2. Product Portfolio
            19.1.6.3. Profitability by Market Segments
            19.1.6.4. Sales Footprint
            19.1.6.5. Strategy Overview
                19.1.6.5.1. Marketing Strategy
                19.1.6.5.2. Product Strategy
                19.1.6.5.3. Channel Strategy
        19.1.7. Mitsuboshi Belting Ltd.
            19.1.7.1. Overview
            19.1.7.2. Product Portfolio
            19.1.7.3. Profitability by Market Segments
            19.1.7.4. Sales Footprint
            19.1.7.5. Strategy Overview
                19.1.7.5.1. Marketing Strategy
                19.1.7.5.2. Product Strategy
                19.1.7.5.3. Channel Strategy
        19.1.8. L.G. Balakrishan & Bros Ltd
            19.1.8.1. Overview
            19.1.8.2. Product Portfolio
            19.1.8.3. Profitability by Market Segments
            19.1.8.4. Sales Footprint
            19.1.8.5. Strategy Overview
                19.1.8.5.1. Marketing Strategy
                19.1.8.5.2. Product Strategy
                19.1.8.5.3. Channel Strategy
        19.1.9. Daido Kogyo Co. Ltd.
            19.1.9.1. Overview
            19.1.9.2. Product Portfolio
            19.1.9.3. Profitability by Market Segments
            19.1.9.4. Sales Footprint
            19.1.9.5. Strategy Overview
                19.1.9.5.1. Marketing Strategy
                19.1.9.5.2. Product Strategy
                19.1.9.5.3. Channel Strategy
        19.1.10. SKF AB
            19.1.10.1. Overview
            19.1.10.2. Product Portfolio
            19.1.10.3. Profitability by Market Segments
            19.1.10.4. Sales Footprint
            19.1.10.5. Strategy Overview
                19.1.10.5.1. Marketing Strategy
                19.1.10.5.2. Product Strategy
                19.1.10.5.3. Channel Strategy
        19.1.11. Iwis Group
            19.1.11.1. Overview
            19.1.11.2. Product Portfolio
            19.1.11.3. Profitability by Market Segments
            19.1.11.4. Sales Footprint
            19.1.11.5. Strategy Overview
                19.1.11.5.1. Marketing Strategy
                19.1.11.5.2. Product Strategy
                19.1.11.5.3. Channel Strategy
        19.1.12. Gates Corporation
            19.1.12.1. Overview
            19.1.12.2. Product Portfolio
            19.1.12.3. Profitability by Market Segments
            19.1.12.4. Sales Footprint
            19.1.12.5. Strategy Overview
                19.1.12.5.1. Marketing Strategy
                19.1.12.5.2. Product Strategy
                19.1.12.5.3. Channel Strategy
        19.1.13. Dayco Products LLC
            19.1.13.1. Overview
            19.1.13.2. Product Portfolio
            19.1.13.3. Profitability by Market Segments
            19.1.13.4. Sales Footprint
            19.1.13.5. Strategy Overview
                19.1.13.5.1. Marketing Strategy
                19.1.13.5.2. Product Strategy
                19.1.13.5.3. Channel Strategy
        19.1.14. Qingdao Choho Industrial Co. Ltd.
            19.1.14.1. Overview
            19.1.14.2. Product Portfolio
            19.1.14.3. Profitability by Market Segments
            19.1.14.4. Sales Footprint
            19.1.14.5. Strategy Overview
                19.1.14.5.1. Marketing Strategy
                19.1.14.5.2. Product Strategy
                19.1.14.5.3. Channel Strategy
        19.1.15. Rockman Industries Ltd.
            19.1.15.1. Overview
            19.1.15.2. Product Portfolio
            19.1.15.3. Profitability by Market Segments
            19.1.15.4. Sales Footprint
            19.1.15.5. Strategy Overview
                19.1.15.5.1. Marketing Strategy
                19.1.15.5.2. Product Strategy
                19.1.15.5.3. Channel Strategy
        19.1.16. Sumax Industry Limited
            19.1.16.1. Overview
            19.1.16.2. Product Portfolio
            19.1.16.3. Profitability by Market Segments
            19.1.16.4. Sales Footprint
            19.1.16.5. Strategy Overview
                19.1.16.5.1. Marketing Strategy
                19.1.16.5.2. Product Strategy
                19.1.16.5.3. Channel Strategy
        19.1.17. CIC USA Corp
            19.1.17.1. Overview
            19.1.17.2. Product Portfolio
            19.1.17.3. Profitability by Market Segments
            19.1.17.4. Sales Footprint
            19.1.17.5. Strategy Overview
                19.1.17.5.1. Marketing Strategy
                19.1.17.5.2. Product Strategy
                19.1.17.5.3. Channel Strategy
        19.1.18. KCM Automobile Transmission Co. Ltd
            19.1.18.1. Overview
            19.1.18.2. Product Portfolio
            19.1.18.3. Profitability by Market Segments
            19.1.18.4. Sales Footprint
            19.1.18.5. Strategy Overview
                19.1.18.5.1. Marketing Strategy
                19.1.18.5.2. Product Strategy
                19.1.18.5.3. Channel Strategy
        19.1.19. Mahle GmbH
            19.1.19.1. Overview
            19.1.19.2. Product Portfolio
            19.1.19.3. Profitability by Market Segments
            19.1.19.4. Sales Footprint
            19.1.19.5. Strategy Overview
                19.1.19.5.1. Marketing Strategy
                19.1.19.5.2. Product Strategy
                19.1.19.5.3. Channel Strategy
20. Assumptions & Acronyms Used
21. Research Methodology

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