The Automotive Metal Timing Chain by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Metal Timing Chain, 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.
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.
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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
Top Major Players:
Asia-Pacific was the largest region in the automotive metal timing chain market in 2023.
Product innovations are a key trend gaining popularity in the automotive metal timing chain market. Major companies operating in the automotive metal timing chain market are introducing innovative products to sustain their position in the market. For instance, in February 2023, Continental AG, a Germany-based company operating in the automotive metal timing chain, launched a new generation of polyurethane (PU) timing belts in the truly endless product line, called synchromotion. The synchromotion is a steel cord reinforced polyurethane belt that is flexible, abrasion-resistant, and durable, with a polyurethane cover that ensures more efficient power transmission than other materials. Synchromotion is suitable for conveyance and power transmission drives across the power range, including synchronous conveyor systems and transport devices with sliding rails, as well as positioning and reversing drives in linear and control engineering.
The Automotive Metal Timing Chain Market report table of contents includes:
1. Executive Summary
2. The Automotive Metal Timing Chain Market Characteristics
3. The Automotive Metal Timing Chain Market Trends And Strategies
4. The Automotive Metal Timing Chain Market – Macro Economic Scenario
5. Automotive Metal Timing Chain Market Size and Growth
…….
26. Global Automotive Metal Timing Chain Market Competitive Benchmarking
27. Global Automotive Metal Timing Chain Market Competitive Dashboard
28. Key Mergers and Acquisitions In Automotive Metal Timing Chain Market
29. Automotive Metal Timing Chain Market Future Outlook and Potential Analysis
30. Appendix
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