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Automotive Belt - Global Market Trajectory & Analytics

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    Report

  • 275 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5029835
Global Automotive Belt Market to Reach $21.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Belt estimated at US$15 Billion in the year 2020, is projected to reach a revised size of US$21.6 Billion by 2027, growing at a CAGR of 5.3% over the period 2020-2027. Timing Belts, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$5.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Drive Belts segment is readjusted to a revised 5.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $4.1 Billion, While China is Forecast to Grow at 8.1% CAGR

The Automotive Belt market in the U.S. is estimated at US$4.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Select Competitors (Total 44 Featured):
  • B&B Manufacturing
  • Bando Chemical Industries Ltd.
  • Bearings & Power Transmission, Inc.
  • BG Automotive
  • Continental AG
  • CRP Industries Inc.
  • Gates Corporation
  • Helicord Transmissions Pvt. Ltd.
  • Hutchinson SA
  • Midas International Corporation
  • Mitsuboshi Belting Ltd.
  • The Carlstar Group LLC
Frequently Asked Questions about the Global Market for Automotive Belt

What is the estimated value of the Global Market for Automotive Belt?

The Global Market for Automotive Belt was estimated to be valued at $15.0 Billion in 2020.

What is the growth rate of the Global Market for Automotive Belt?

The growth rate of the Global Market for Automotive Belt is 5.3%, with an estimated value of $21.6 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Belt?

The Global Market for Automotive Belt is estimated to be worth $21.6 Billion by 2027.
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 44