Overview and Scope
An automotive metal timing chain is part of an internal engine built to coordinate the rotation of the crankshaft and camshaft. It enables the timing chain to move at the necessary intervals to allow the proper amount of fuel to enter the engine and exhaust to depart the engine.
Sizing and Forecast
The automotive metal timing chain market size has grown strongly in recent years. It will grow from $12.99 billion in 2023 to $13.7 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to internal combustion engine dominance, durability and performance requirements, market standardization, limited alternatives, regulatory compliance, global automotive production growth.
The automotive metal timing chain market size is expected to see strong growth in the next few years. It will grow to $16.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to transition to electric vehicles, increased vehicle lifespan expectancy, continued material growth, global expansion of automotive markets, stringent emission standards. Major trends in the forecast period include emphasis on advanced manufacturing processes, integration of smart technologies, rising environmental concerns and sustainability, increased emphasis on durability and reliability, regulatory compliance and quality standards.
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Segmentation & Regional Insights
The automotive metal timing chain market covered in this report is segmented –
1) By Type: Roller Chain, Bush Chain, Toothed Or Silent Chain
2) By Propulsion Type: Gasoline Engine, Diesel Engine, Other Propulsion Types
3) By Engine Type: Overhead Cam Engine, Push Rod Engine, Other Engine Type
4) By Vehicle Type: Two Wheelers, Three Wheelers, Passenger Vehicle, Light Commercial Vehicle, Trucks, Buses and Coach
5) By Sales Channel: Original Equipment Manufacturer(OEM), Aftermarket
Asia-Pacific was the largest region in the automotive metal timing chain market in 2023. The regions covered in the automotive metal timing chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The expansion of the automotive manufacturing sector is expected to propel the growth of the automotive metal timing chain market going forward. Automotive manufacturing refers to the industry that includes designing, building, supplying, and selling automobiles. The metal timing chain plays a vital role in the automotive sector by synchronizing the rotation of the crankshaft. This system enables the automotive engine’s inlet and outflow vents to open and close at accurately pre-determined intervals throughout each engine cycle, as a result, the automotive metal timing chain market grows as automotive manufacturing expands. For instance, in January 2023, according to Statistics Canada, a Government agency, the total number of registered road motor vehicles in Canada climbed to 26.2 million in 2021, a 1.9% rise over 2020. Furthermore, in Canada motor vehicle manufacturing increased from 3,973,874 in August 2022 to 4,123,572 in December 2022. Therefore, the expansion of the automotive manufacturing sector is driving the growth of the automotive metal timing chain market.
Key Industry Players
Major companies operating in the automotive metal timing chain market are introducing innovative products such as the X3 premium chain to help customers identify the right chain solution. X3 Premium Chain is part of Donghua Limited’s three drive chain ranges, which include Standard, Solution, and Premium, which is designed, manufactured, and tested for unbeatable accuracy and performance in arduous conditions. For instance, in May 2022, Donghua Ltd., a UK-based industrial equipment company, launched the X3 premium chain. The X3 premium chain is designed with a unique pin coating, optimized plate geometry, and high precision stamping, and it offers three times the performance for wear resistance, fatigue resistance, and high-speed performance compared to comparable roller chains.
The automotive metal timing chain market report table of contents includes:
1. Executive Summary
2. Automotive Metal Timing Chain Market Characteristics
3. Automotive Metal Timing Chain Market Trends And Strategies
4. Automotive Metal Timing Chain Market – Macro Economic Scenario
5. Global Automotive Metal Timing Chain Market Size and Growth
…
31. Global Automotive Metal Timing Chain Market Competitive Benchmarking
32. Global Automotive Metal Timing Chain Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Metal Timing Chain Market
34. Automotive Metal Timing Chain Market Future Outlook and Potential Analysis
35. Appendix
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