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Global Automotive Timing Belt & Chain Tools Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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    Report

  • 197 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5879962
Description Jump to:

The increasing adoption of direct injection engines and rising vehicle production globally

The Global Automotive Timing Belt & Chain Tools Market is estimated to be USD 8.58 Bn in 2023 and is expected to reach USD 9.98 Bn by 2028 growing at a CAGR of 3.07%.

The automotive industry has witnessed remarkable advancements in engine technology, with a strong emphasis on the precise synchronization of internal components. Timing belt and chain systems ensure the harmonious operation of engine valves, pistons, and camshafts, facilitating optimal engine performance. To effectively maintain, repair, and service these vital components, the global automotive timing belt and chain tools market has emerged, offering specialized tools designed to facilitate installing, adjusting, and removing timing belts and chains.

The automotive timing belt and chain tools market refers to the industry dedicated to the manufacturing and supply of specialized tools that assist automotive technicians and mechanics in handling timing belt and chain systems with precision and efficiency. These tools are designed to handle the intricate and delicate nature of timing belt and chain operations, ensuring accurate alignment, tensioning, and maintenance of these critical engine components. The market for automotive timing belts and chain tools has experienced significant growth due to the increasing complexity of modern engine designs. As engines have evolved to deliver enhanced power, fuel efficiency, and reduced emissions, the demand for precise timing system maintenance and repair has become paramount. Automotive technicians and mechanics require specialized tools to align accurately and tension timing belts and chains, preventing any timing irregularities that could result in engine malfunctions or failures.

Several factors drive the growth of the automotive timing belt and chain tools market. Firstly, the expanding vehicle parc and the aging of existing vehicles have led to a rising demand for maintenance, repair, and replacement of timing belts and chains. As vehicles accumulate mileage, their timing components may require attention, presenting opportunities for tool manufacturers and suppliers. Furthermore, the increasing adoption of timing belt and chain systems in advanced engine technologies, such as variable valve timing and direct injection, further fuels the market's growth. These systems require precise timing and synchronization, necessitating specialized tools to ensure accurate installation and adjustment.

Stringent emission regulations imposed by governments worldwide have also influenced the market. Automotive manufacturers have integrated advanced timing systems into their engines to comply with these regulations and achieve improved fuel efficiency. Consequently, the demand for accurate and reliable timing belt and chain tools has increased to meet the industry's stringent requirements.

Market Segmentations

  • The Global Automotive Timing Belt & Chain Tools Market is segmented based on Type, Function, Applications, End-Users, and Geography.
  • By Type, the market is classified into Timing Belt Tensioners, Timing Belt Pulley Tools, Timing Chain Link Tools, Timing Belt Alignment Tools, Timing Belt Replacement Kits, and Timing Chain Breaker Tools. Timing belt tensioners hold the largest market share. Timing belt tensioners are the most crucial part of a timing belt system and are essential for ensuring that the belt remains appropriately tensioned.
  • By Function, the market is classified into Timing Belt Installation Tools, Timing Belt Removal Tools, Timing Chain Installation Tools, Timing Chain Removal Tools, Timing Belt and Chain Tensioning Tools, Timing Belt and Chain Alignment Tools, and Timing Belt and Chain Inspection Tools. Timing belt installation tools hold the largest market share.
  • By Applications, the market is classified into Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), and Off-road Vehicles. Passenger cars are the largest market for automotive timing belts & chain tools because they have the most timing belts and chains. Light commercial vehicles (LCVs) also have a significant number of timing belts and chains, and they are a growing market for automotive timing belts & chain tools.
  • By End-Users, the market is classified into Automotive Repair and Service Centers, Independent Garages, and Automotive Manufacturing Plants. Automotive repair and service centers are the largest market for automotive timing belt & chain tools because they need to regularly perform timing belt and chain repairs and maintenance.
  • By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific. Asia-Pacific is the largest market for automotive timing belt & chain tools because it has the largest automotive market in the world.

Recent Development

  • Continental, a German multinational automotive parts manufacturing company, launched its new range of timing belts for the automotive aftermarket by adding a new range called the CT1228 timing belt. It is intended for use in Peugeot and Citroen 1.2-liter engines - March 2023
  • NTN Corporation, a Japanese multinational automotive parts manufacturing company, launched its new range of timing chain kits for the automotive aftermarket. The kits are mainly for Asian as well as European vehicles. With the launch, NTN Corporation is projected to enhance its market share in Europe and Asia Pacific region - February 2023

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are AmPro Tools, Gates, Mac Tools, Schley Products, Snap-on, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Automotive Timing Belt & Chain Tools Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Automotive Timing Belt & Chain Tools Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Automotive Timing Belt & Chain Tools Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
  • Excel data sheet for the market size will also be provided with the report.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
  • The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
  • The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
  • Market segmentation
  • Competitive Analysis: Comparative analysis of competitor
  • Historical, current, and projected size of the market based on value and volume
  • Market size of the US states
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Impact Analysis
4.2 Drivers
4.2.1 Growing Demand for Maintenance and Replacement of Timing Belts and Chains Due to Aging Vehicle Fleets
4.2.2 Increasing Adoption of Timing Belt and Chain Systems in Advanced Engine Technologies
4.2.3 Stringent Emission Regulations Necessitating Precise Engine Timing for Improved Fuel Efficiency
4.3 Restraints
4.3.1 High Initial Investment Cost for Specialized Timing Belt and Chain Tools
4.4 Opportunities
4.4.1 Technological Advancements in the Development of User-Friendly Tools
4.4.2 Rising Aftermarket Demand for Timing Belt and Chain Tools
4.5 Challenges
4.5.1 Technical Complexities Associated with Timing Belt and Chain System
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of COVID-19
5.5 Ansoff Matrix Analysis
6 Global Automotive Timing Belt & Chain Tools Market, By Type
6.1 Introduction
6.2 Timing Belt Tensioners
6.3 Timing Belt Pulley Tools
6.4 Timing Chain Link Tools
6.5 Timing Belt Alignment Tools
6.6 Timing Belt Replacement Kits
6.7 Timing Chain Breaker Tools
7 Global Automotive Timing Belt & Chain Tools Market, By Function
7.1 Introduction
7.2 Timing Belt Installation Tools
7.3 Timing Belt Removal Tools
7.4 Timing Chain Installation Tools
7.5 Timing Chain Removal Tools
7.6 Timing Belt and Chain Tensioning Tools
7.7 Timing Belt and Chain Alignment Tools
7.8 Timing Belt and Chain Inspection Tools
8 Global Automotive Timing Belt & Chain Tools Market, By Applications
8.1 Introduction
8.2 Passenger Cars
8.3 Light Commercial Vehicles (LCVs)
8.4 Heavy Commercial Vehicles (HCVs)
8.5 Off-road Vehicles
9 Global Automotive Timing Belt & Chain Tools Market, By End-Users
9.1 Introduction
9.2 Automotive Repair and Service Centers
9.3 Independent Garages
9.4 Automotive Manufacturing Plants
10 Americas' Automotive Timing Belt & Chain Tools Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe's Automotive Timing Belt & Chain Tools Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Ireland
11.10 Luxembourg
11.11 Netherlands
11.12 Norway
11.13 Poland
11.14 Russia
11.15 Spain
11.16 Sweden
11.17 Switzerland
11.18 United Kingdom
11.19 Rest of Europe
12 Middle East and Africa's Automotive Timing Belt & Chain Tools Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Nigeria
12.6 Saudi Arabia
12.7 South Africa
12.8 United Arab Emirates
12.9 Rest of MEA
13 APAC's Automotive Timing Belt & Chain Tools Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
15 Company Profiles
15.1 AmPro Tools
15.1.1 Company Overview
15.1.2 Company Snapshot
15.1.3 Product Overview
15.1.4 Business Overview
15.1.5 SWOT Analysis
15.1.6 Recent Developments
15.2 Assenmacher Specialty Tools
15.2.1 Company Overview
15.2.2 Company Snapshot
15.2.3 Product Overview
15.2.4 Business Overview
15.2.5 SWOT Analysis
15.2.6 Recent Developments
15.3 Astro Pneumatic Tool Co.
15.3.1 Company Overview
15.3.2 Company Snapshot
15.3.3 Product Overview
15.3.4 Business Overview
15.3.5 SWOT Analysis
15.3.6 Recent Developments
15.4 Baum Professional Tools
15.4.1 Company Overview
15.4.2 Company Snapshot
15.4.3 Product Overview
15.4.4 Business Overview
15.4.5 SWOT Analysis
15.4.6 Recent Developments
15.5 Beta Tools
15.5.1 Company Overview
15.5.2 Company Snapshot
15.5.3 Product Overview
15.5.4 Business Overview
15.5.5 SWOT Analysis
15.5.6 Recent Developments
15.6 Blue-Point Tools
15.6.1 Company Overview
15.6.2 Company Snapshot
15.6.3 Product Overview
15.6.4 Business Overview
15.6.5 SWOT Analysis
15.6.6 Recent Developments
15.7 Craftsman
15.7.1 Company Overview
15.7.2 Company Snapshot
15.7.3 Product Overview
15.7.4 Business Overview
15.7.5 SWOT Analysis
15.7.6 Recent Developments
15.8 CTA Manufacturing Corp.
15.8.1 Company Overview
15.8.2 Company Snapshot
15.8.3 Product Overview
15.8.4 Business Overview
15.8.5 SWOT Analysis
15.8.6 Recent Developments
15.9 Gates Corp.
15.9.1 Company Overview
15.9.2 Company Snapshot
15.9.3 Product Overview
15.9.4 Business Overview
15.9.5 SWOT Analysis
15.9.6 Recent Developments
15.10 GearWrench
15.10.1 Company Overview
15.10.2 Company Snapshot
15.10.3 Product Overview
15.10.4 Business Overview
15.10.5 SWOT Analysis
15.10.6 Recent Developments
15.11 KD Tools
15.11.1 Company Overview
15.11.2 Company Snapshot
15.11.3 Product Overview
15.11.4 Business Overview
15.11.5 SWOT Analysis
15.11.6 Recent Developments
15.12 Laser Tools
15.12.1 Company Overview
15.12.2 Company Snapshot
15.12.3 Product Overview
15.12.4 Business Overview
15.12.5 SWOT Analysis
15.12.6 Recent Developments
15.13 Lisle Corp.
15.13.1 Company Overview
15.13.2 Company Snapshot
15.13.3 Product Overview
15.13.4 Business Overview
15.13.5 SWOT Analysis
15.13.6 Recent Developments
15.14 Mac Tools
15.14.1 Company Overview
15.14.2 Company Snapshot
15.14.3 Product Overview
15.14.4 Business Overview
15.14.5 SWOT Analysis
15.14.6 Recent Developments
15.15 Matco Tools, Inc.
15.15.1 Company Overview
15.15.2 Company Snapshot
15.15.3 Product Overview
15.15.4 Business Overview
15.15.5 SWOT Analysis
15.15.6 Recent Developments
15.16 Mityvac
15.16.1 Company Overview
15.16.2 Company Snapshot
15.16.3 Product Overview
15.16.4 Business Overview
15.16.5 SWOT Analysis
15.16.6 Recent Developments
15.17 OTC Tools
15.17.1 Company Overview
15.17.2 Company Snapshot
15.17.3 Product Overview
15.17.4 Business Overview
15.17.5 SWOT Analysis
15.17.6 Recent Developments
15.18 Performance Tool
15.18.1 Company Overview
15.18.2 Company Snapshot
15.18.3 Product Overview
15.18.4 Business Overview
15.18.5 SWOT Analysis
15.18.6 Recent Developments
15.19 Powerbuilt Tools
15.19.1 Company Overview
15.19.2 Company Snapshot
15.19.3 Product Overview
15.19.4 Business Overview
15.19.5 SWOT Analysis
15.19.6 Recent Developments
15.20 S.U.R.&R. Auto Parts
15.20.1 Company Overview
15.20.2 Company Snapshot
15.20.3 Product Overview
15.20.4 Business Overview
15.20.5 SWOT Analysis
15.20.6 Recent Developments
15.21 Schley Products, Inc.
15.21.1 Company Overview
15.21.2 Company Snapshot
15.21.3 Product Overview
15.21.4 Business Overview
15.21.5 SWOT Analysis
15.21.6 Recent Developments
15.22 Sealey Tools
15.22.1 Company Overview
15.22.2 Company Snapshot
15.22.3 Product Overview
15.22.4 Business Overview
15.22.5 SWOT Analysis
15.22.6 Recent Developments
15.23 Snap-on, Inc.
15.23.1 Company Overview
15.23.2 Company Snapshot
15.23.3 Product Overview
15.23.4 Business Overview
15.23.5 SWOT Analysis
15.23.6 Recent Developments
15.24 SP Tools
15.24.1 Company Overview
15.24.2 Company Snapshot
15.24.3 Product Overview
15.24.4 Business Overview
15.24.5 SWOT Analysis
15.24.6 Recent Developments
16 Appendix
16.1 Self-Assessment Form

Companies Mentioned

  • AmPro Tools
  • Assenmacher Specialty Tools
  • Astro Pneumatic Tool Co.
  • Baum Professional Tools
  • Beta Tools
  • Blue-Point Tools
  • Craftsman
  • CTA Manufacturing Corp.
  • Gates Corp.
  • GearWrench
  • KD Tools
  • Laser Tools
  • Lisle Corp.
  • Mac Tools
  • Matco Tools, Inc.
  • Mityvac
  • OTC Tools
  • Performance Tool
  • Powerbuilt Tools
  • S.U.R.&R. Auto Parts
  • Schley Products, Inc.
  • Sealey Tools
  • Snap-on, Inc.
  • SP Tools

Table Information

Report AttributeDetails
No. of Pages197
PublishedFebruary 2024
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 8.58 Billion
Forecasted Market Value ( USD ) by 2028 $ 9.98 Billion
Compound Annual Growth Rate3.0%
Regions CoveredGlobal
No. of Companies Mentioned24

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