The
global automotive belt tensioner pulleys market size and it is poised to grow by USD 746.25 million during
2020-2024, progressing at a CAGR of about 2% during the forecast period. The
report offers an up-to-date analysis regarding the current market scenario,
latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. Download a Free Sample Report on
COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. AB SKF, Bando Chemical Industries Ltd.,
Continental AG, Dayco IP Holdings LLC, Gates Industrial Corp. Plc, Hutchinson
SA, Litens Automotive Group, Tenneco Inc., THE GOODYEAR TIRE & RUBBER CO., and
The Timken Co. are some of the major market participants. To make the most of
the opportunities, market vendors should focus more on the growth prospects in
the fast-growing segments, while maintaining their positions in the
slow-growing segments.
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The production shift to low-cost countries has been instrumental in
driving the growth of the market. However, the increasing adoption of EVs might
hamper market growth.
Technavio's custom research reports offer detailed insights on the
impact of COVID-19 at an industry level, a regional level, and subsequent
supply chain operations. This customized report will also help clients keep up
with new product launches in direct & indirect COVID-19 related markets,
upcoming vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.
Automotive Belt Tensioner Pulleys Market 2020-2024: Segmentation
Automotive Belt Tensioner Pulleys Market is segmented as below:
·
Application
o
Passenger Cars
o
Commercial Vehicles
·
Geographic Landscape
o
APAC
o
Europe
o
North America
o
South America
o
MEA
Automotive Belt Tensioner Pulleys Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. The automotive belt tensioner
pulleys market report covers the following areas:
·
Automotive Belt Tensioner Pulleys Market Size
·
Automotive Belt Tensioner Pulleys Market Trends
·
Automotive Belt Tensioner Pulleys Market Industry Analysis
This study identifies the increasing use of thermally-stable materials
for producing timing belts as one of the prime reasons driving the automotive
belt tensioner pulleys market growth during the next few years.
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