Automotive Engine Belt Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Service Type (Ride Hailing, Car Sharing, Bike Sharing, Scooter Sharing, Micro Mobility Solutions), By Vehicle Type (Cars, Bicycles, Scooters, Electric Vehicles, Hybrid Vehicles), By User Demographics (Consumer, Corporate, Tourist), By Region & Competition, 2019-2029F

  • Industry : Automotive
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  • Published Date : NA
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Report Description

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 22.56 Billion

Market Size (2029)

USD 32.27 Billion

CAGR (2024-2029)

6.21%

Fastest Growing Segment

Electric Vehicles

Largest Market

North America

Market Overview

Global Automotive Engine Belt Market was valued at USD 22.56 Billion in 2023 and is expected to reach USD 32.27 Billion by 2029 with a CAGR of 6.21% during the forecast period. The global automotive engine belt market is driven by the increasing demand for automobiles and advancements in engine technology. As engine belts play a crucial role in ensuring optimal power transmission and engine performance, their demand rises alongside global vehicle production. The growing preference for fuel-efficient vehicles, which rely on high-performance engine components, has led to increased adoption of advanced belts like serpentine and timing belts. These modern belts offer better durability and performance, reducing the need for frequent replacements. The growing emphasis on reducing carbon emissions is pushing manufacturers to innovate engine belts that contribute to overall fuel efficiency and minimize power loss.

Key Market Drivers

Rising Global Vehicle Production

The growing demand for vehicles, particularly in developing markets, is a significant driver for the automotive engine belt market. As economies expand and disposable incomes rise, consumer preference for personal vehicles increases, pushing automakers to ramp up production. This, in turn, drives the demand for automotive components such as engine belts, which are essential for vehicle operation. The automotive industry’s continued recovery and expansion, coupled with technological advancements in engine design, further fuel this demand. High vehicle sales across all segments passenger cars, commercial vehicles, and electric vehicles reinforce the need for high-quality, durable engine belts to maintain efficiency and reduce the need for frequent replacements. According to ACEA, global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% increase from 2021. The infographic provides details on vehicle production numbers for each world region for 2021 and 2022.

Growing Demand for Fuel-Efficient Vehicles

The global push toward reducing fuel consumption and lowering emissions has placed a significant focus on enhancing the efficiency of automotive components. Engine belts play a vital role in optimizing the powertrain's efficiency, thus contributing to fuel economy. With the increasing consumer preference for fuel-efficient vehicles, manufacturers are developing advanced belts designed to minimize power losses and improve overall engine performance. Serpentine belts, for example, are designed to drive multiple peripheral devices, resulting in better performance and fewer maintenance needs. As governments and regulatory bodies implement stricter emissions standards, the demand for these high-efficiency engine belts is expected to rise, making this a crucial market driver.

Technological Advancements in Engine Belts

The automotive industry’s continuous focus on innovation has led to significant improvements in the design and functionality of engine belts. New materials and manufacturing techniques have resulted in belts that are more durable, heat-resistant, and capable of handling higher loads. For instance, belts made from ethylene propylene diene monomer (EPDM) and other composite materials are now widely used because of their superior durability and resistance to wear and tear compared to traditional rubber belts. These technological advancements not only extend the lifespan of engine belts but also reduce maintenance requirements, making them more appealing to both manufacturers and consumers. In December 2022, RISE™ Robotics secured a U.S. patent for its High Reduction Belt-Driven Linear Actuator, utilizing steel-reinforced polyurethane belts that withstand over 1,400 PSI.


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Key Market Challenges

Price Volatility of Raw Materials

One of the major challenges faced by the global automotive engine belt market is the fluctuation in raw material prices, particularly rubber and synthetic compounds like EPDM (ethylene propylene diene monomer). Engine belts rely heavily on rubber-based materials for their durability, elasticity, and heat resistance. However, the prices of these raw materials are often subject to global supply chain disruptions, geopolitical tensions, and environmental factors. These fluctuations can lead to increased production costs for manufacturers, who must either absorb these costs or pass them on to consumers, making it difficult to maintain profit margins. Price volatility in the raw material market can also impact supply reliability, further complicating production schedules.

Intense Market Competition

The automotive engine belt market is highly competitive, with numerous players vying for market share. This competition leads to pricing pressures, forcing companies to continuously lower their prices to stay competitive. While this is beneficial for consumers, it places a significant burden on manufacturers, who must balance maintaining product quality with offering competitive pricing. In addition, larger manufacturers with extensive resources often dominate the market, leaving smaller players at a disadvantage. To remain competitive, manufacturers must continuously innovate and improve their products, which requires significant investment in research and development, further straining profitability.

Shift Toward Electric Vehicles (EVs)

The growing adoption of electric vehicles presents both an opportunity and a challenge for the automotive engine belt market. EVs generally require fewer engine belts compared to traditional internal combustion engine (ICE) vehicles, as electric drivetrains eliminate the need for certain components that rely on belts. As EV adoption accelerates globally, the demand for traditional engine belts is expected to decline, particularly in markets with strong EV growth. Manufacturers must adapt to this changing landscape by diversifying their product offerings to cater to the needs of EVs, which can be costly and time-consuming. Failure to innovate and align with the EV trend could result in significant market share loss for traditional belt manufacturers.

Key Market Trends

Shift Toward Lightweight Materials

One of the prominent trends in the global automotive engine belt market is the shift toward lightweight materials. As automakers focus on reducing vehicle weight to improve fuel efficiency and meet stringent emission standards, the demand for engine belts made from lighter, more durable materials is increasing. Traditional rubber belts are being replaced by advanced composites such as EPDM (ethylene propylene diene monomer) and polyurethane, which offer better heat resistance, durability, and flexibility. These materials reduce the overall weight of the powertrain system while maintaining performance, making them highly desirable in modern vehicles. The shift toward lightweight materials aligns with the broader automotive industry’s goals of improving efficiency and sustainability.

Increasing Adoption of Serpentine Belts

Serpentine belts, which drive multiple peripheral devices such as the alternator, power steering pump, and air conditioning compressor with a single, continuous belt, are increasingly being adopted in modern vehicles. This trend is driven by the need for higher engine efficiency, reduced maintenance, and cost savings. Serpentine belts are more durable and require fewer replacements than traditional multiple belt systems, offering significant advantages in terms of reliability and convenience. Their compact design helps reduce the overall weight and complexity of the engine, further improving fuel efficiency. As automakers continue to seek ways to optimize vehicle performance, the adoption of serpentine belts is expected to grow, becoming a standard in modern engine designs.

Growth in Electric and Hybrid Vehicle Demand

The rising demand for electric and hybrid vehicles (EVs and HEVs) is reshaping the automotive engine belt market. While EVs use fewer belts compared to traditional internal combustion engine (ICE) vehicles, they still require specialized belts for auxiliary systems such as air conditioning and power steering. Hybrid vehicles, which combine both ICE and electric powertrains, also rely on advanced engine belts to manage the complex interactions between the two power sources. The growth in EV and HEV adoption is pushing manufacturers to develop new belt designs that cater to the specific requirements of these vehicles, such as higher durability, reduced noise, and improved efficiency. This trend presents significant opportunities for innovation and product differentiation in the market.

Segmental Insights

Vehicle Type Insights

Electric vehicles (EVs) are the fastest growing segment in the automotive engine belt market due to the global shift toward greener transportation and the increasing adoption of electric mobility solutions. Governments worldwide are implementing stringent emission regulations and providing incentives to encourage the use of EVs as part of their efforts to reduce carbon emissions. This shift is driving automakers to focus on producing more electric models, leading to a higher demand for EV-specific components, including specialized engine belts. Although EVs generally require fewer belts compared to internal combustion engine (ICE) vehicles, the belts they use for auxiliary systems, such as cooling and air conditioning, need to be more advanced, durable, and efficient.

The rapid advancements in battery technology and charging infrastructure are further propelling the growth of the EV segment, leading to an expansion in the overall market for EV components, including engine belts. As EV production increases, manufacturers are developing innovative belt designs to meet the specific requirements of electric powertrains. These belts are designed to handle higher loads, operate silently, and offer greater efficiency compared to traditional belts used in ICE vehicles.

The global focus on reducing vehicle weight for better energy efficiency is pushing the adoption of lightweight materials for engine belts, further accelerating growth in the EV belt segment. The rising popularity of hybrid vehicles, which require a combination of traditional and electric powertrain components, also contributes to the demand for advanced engine belts. Overall, the push for sustainable transportation and advancements in EV technology are key factors driving the rapid growth of the electric vehicle segment in the automotive engine belt market.


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Regional Insights

North America dominated the automotive engine belt market due to its well-established automotive industry, advanced manufacturing capabilities, and high vehicle ownership rates. The region was home to some of the world’s largest automakers, including Ford, General Motors, and Tesla, which drove consistent demand for automotive components, including engine belts. The high concentration of automotive manufacturing plants, coupled with continuous vehicle production across various segments passenger cars, light trucks, and electric vehicles ensured a steady market for engine belts. North America’s automotive market emphasized high-performance and long-lasting components, increasing the demand for advanced engine belt technologies.

Another key factor contributing to North America’s market dominance was the strong focus on innovation and the adoption of cutting-edge technologies. Automakers and suppliers in the region invested heavily in research and development to create advanced engine belts offering better durability, heat resistance, and improved efficiency. This push for technological advancement aligned with the growing demand for fuel-efficient and environmentally friendly vehicles, further boosting the need for high-performance engine belts.

North America’s increasing focus on electric vehicles (EVs) and hybrids also played a significant role in its dominance. The region saw a surge in EV production, particularly from companies like Tesla, driving the need for specialized belts that catered to the unique requirements of electric powertrains. The well-developed supply chain, coupled with government incentives to promote electric and hybrid vehicles, ensured that North America remained a key player in the global automotive engine belt market, sustaining its leadership position.

Recent Developments

  • In November 2023, Dayco showcased its drive belt solutions at EICMA 2023, highlighting belts for motorcycles, scooters, and off-highway vehicles. They introduced new timing belts for speedway use, featuring advanced materials for durability and performance.
  • In 2024, Dayco has officially commenced full-scale belt production at its new facility in San Luis Potosí, Mexico, ahead of schedule. The site, covering 73,000 square feet, is equipped to produce up to 4.2 million Poly-V belts annually, with future plans to include other belt types.

Key Market Players

  •          Continental AG
  •          Gates Industrial Corporation plc
  •          Bando Chemical Industries, Ltd
  •          Mitsuboshi Belting Ltd
  •          Dayco Incorporated
  •          AB SKF 
  •          Tsubakimoto Chain Co.
  •          Optibelt GmbH
  •          HUTCHINSON SA
  •  Schaeffler AG

 By Service Type

By Vehicle Type

By User Demographics

By Region
  • Ride Hailing
  • Car Sharing
  • Bike Sharing
  • Scooter Sharing
  • Micro Mobility Solutions
  • Cars
  • Bicycles
  • Scooters
  • Electric Vehicles
  • Hybrid Vehicles
  • Consumer
  • Corporate
  • Tourist
  • North America
  • Europe & CIS
  • Asia-Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Automotive Engine Belt Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·           Automotive Engine Belt Market, By Service Type:

o   Ride Hailing

o   Car Sharing

o   Bike Sharing

o   Scooter Sharing

o   Micro Mobility Solutions

·         Automotive Engine Belt Market, By Vehicle Type:

o   Cars

o   Bicycles

o   Scooters

o   Electric Vehicles

o   Hybrid Vehicles

·         Automotive Engine Belt Market, By User Demographics:

o   Consumer

o   Corporate

o   Tourist

·         Automotive Engine Belt Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Automotive Engine Belt Market.

Available Customizations:

Global Automotive Engine Belt Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Sources of Information

5.    Global Automotive Engine Belt Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Service Type Market Share Analysis (Ride Hailing, Car Sharing, Bike Sharing, Scooter Sharing, Micro Mobility Solutions)

5.2.2.    By Vehicle Type Market Share Analysis (Cars, Bicycles, Scooters, Electric Vehicles, Hybrid Vehicles)

5.2.3.    By User Demographics Market Share Analysis (Consumer, Corporate, Tourist)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        North America Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        Asia-Pacific Market Share Analysis

5.2.4.4.        Middle East & Africa Market Share Analysis

5.2.4.5.        South America Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Automotive Engine Belt Market Mapping & Opportunity Assessment

5.3.1.    By Service Type Market Mapping & Opportunity Assessment

5.3.2.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.3.    By User Demographics Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    North America Automotive Engine Belt Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Service Type Market Share Analysis

6.2.2.    By Vehicle Type Market Share Analysis

6.2.3.    By User Demographics Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        United States Automotive Engine Belt Market Outlook

6.2.4.1.1.           Market Size & Forecast

6.2.4.1.1.1.               By Value

6.2.4.1.2.           Market Share & Forecast

6.2.4.1.2.1.               By Service Type Market Share Analysis

6.2.4.1.2.2.               By Vehicle Type Market Share Analysis

6.2.4.1.2.3.               By User Demographics Market Share Analysis

6.2.4.2.        Canada Automotive Engine Belt Market Outlook

6.2.4.2.1.           Market Size & Forecast

6.2.4.2.1.1.               By Value

6.2.4.2.2.           Market Share & Forecast

6.2.4.2.2.1.               By Service Type Market Share Analysis

6.2.4.2.2.2.               By Vehicle Type Market Share Analysis

6.2.4.2.2.3.               By User Demographics Market Share Analysis

6.2.4.3.        Mexico Automotive Engine Belt Market Outlook

6.2.4.3.1.           Market Size & Forecast

6.2.4.3.1.1.               By Value

6.2.4.3.2.           Market Share & Forecast

6.2.4.3.2.1.               By Service Type Market Share Analysis

6.2.4.3.2.2.               By Vehicle Type Market Share Analysis

6.2.4.3.2.3.               By User Demographics Market Share Analysis

7.    Europe & CIS Automotive Engine Belt Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Service Type Market Share Analysis

7.2.2.    By Vehicle Type Market Share Analysis

7.2.3.    By User Demographics Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        France Automotive Engine Belt Market Outlook

7.2.4.1.1.           Market Size & Forecast

7.2.4.1.1.1.               By Value

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Service Type Market Share Analysis

7.2.4.1.2.2.               By Vehicle Type Market Share Analysis

7.2.4.1.2.3.               By User Demographics Market Share Analysis

7.2.4.2.        Germany Automotive Engine Belt Market Outlook

7.2.4.2.1.           Market Size & Forecast

7.2.4.2.1.1.               By Value

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Service Type Market Share Analysis

7.2.4.2.2.2.               By Vehicle Type Market Share Analysis

7.2.4.2.2.3.               By User Demographics Market Share Analysis

7.2.4.3.        Spain Automotive Engine Belt Market Outlook

7.2.4.3.1.           Market Size & Forecast

7.2.4.3.1.1.               By Value

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Service Type Market Share Analysis

7.2.4.3.2.2.               By Vehicle Type Market Share Analysis

7.2.4.3.2.3.               By User Demographics Market Share Analysis

7.2.4.4.        Italy Automotive Engine Belt Market Outlook

7.2.4.4.1.           Market Size & Forecast

7.2.4.4.1.1.               By Value

7.2.4.4.2.           Market Share & Forecast

7.2.4.4.2.1.               By Service Type Market Share Analysis

7.2.4.4.2.2.               By Vehicle Type Market Share Analysis

7.2.4.4.2.3.               By User Demographics Market Share Analysis

7.2.4.5.        United Kingdom Automotive Engine Belt Market Outlook

7.2.4.5.1.           Market Size & Forecast

7.2.4.5.1.1.               By Value

7.2.4.5.2.           Market Share & Forecast

7.2.4.5.2.1.               By Service Type Market Share Analysis

7.2.4.5.2.2.               By Vehicle Type Market Share Analysis

7.2.4.5.2.3.               By User Demographics Market Share Analysis

8.    Asia-Pacific Automotive Engine Belt Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Service Type Market Share Analysis

8.2.2.    By Vehicle Type Market Share Analysis

8.2.3.    By User Demographics Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        China Automotive Engine Belt Market Outlook

8.2.4.1.1.           Market Size & Forecast

8.2.4.1.1.1.               By Value

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Service Type Market Share Analysis

8.2.4.1.2.2.               By Vehicle Type Market Share Analysis

8.2.4.1.2.3.               By User Demographics Market Share Analysis

8.2.4.2.        Japan Automotive Engine Belt Market Outlook

8.2.4.2.1.           Market Size & Forecast

8.2.4.2.1.1.               By Value

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Service Type Market Share Analysis

8.2.4.2.2.2.               By Vehicle Type Market Share Analysis

8.2.4.2.2.3.               By User Demographics Market Share Analysis

8.2.4.3.        India Automotive Engine Belt Market Outlook

8.2.4.3.1.           Market Size & Forecast

8.2.4.3.1.1.               By Value

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Service Type Market Share Analysis

8.2.4.3.2.2.               By Vehicle Type Market Share Analysis

8.2.4.3.2.3.               By User Demographics Market Share Analysis

8.2.4.4.        Vietnam Automotive Engine Belt Market Outlook

8.2.4.4.1.           Market Size & Forecast

8.2.4.4.1.1.               By Value

8.2.4.4.2.           Market Share & Forecast

8.2.4.4.2.1.               By Service Type Market Share Analysis

8.2.4.4.2.2.               By Vehicle Type Market Share Analysis

8.2.4.4.2.3.               By User Demographics Market Share Analysis

8.2.4.5.        South Korea Automotive Engine Belt Market Outlook

8.2.4.5.1.           Market Size & Forecast

8.2.4.5.1.1.               By Value

8.2.4.5.2.           Market Share & Forecast

8.2.4.5.2.1.               By Service Type Market Share Analysis

8.2.4.5.2.2.               By Vehicle Type Market Share Analysis

8.2.4.5.2.3.               By User Demographics Market Share Analysis

9.    Middle East & Africa Automotive Engine Belt Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Service Type Market Share Analysis

9.2.2.    By Vehicle Type Market Share Analysis

9.2.3.    By User Demographics Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        South Africa Automotive Engine Belt Market Outlook

9.2.4.1.1.           Market Size & Forecast

9.2.4.1.1.1.               By Value

9.2.4.1.2.           Market Share & Forecast

9.2.4.1.2.1.               By Service Type Market Share Analysis

9.2.4.1.2.2.               By Vehicle Type Market Share Analysis

9.2.4.1.2.3.               By User Demographics Market Share Analysis

9.2.4.2.        Saudi Arabia Automotive Engine Belt Market Outlook

9.2.4.2.1.           Market Size & Forecast

9.2.4.2.1.1.               By Value

9.2.4.2.2.           Market Share & Forecast

9.2.4.2.2.1.               By Service Type Market Share Analysis

9.2.4.2.2.2.               By Vehicle Type Market Share Analysis

9.2.4.2.2.3.               By User Demographics Market Share Analysis

9.2.4.3.        UAE Automotive Engine Belt Market Outlook

9.2.4.3.1.           Market Size & Forecast

9.2.4.3.1.1.               By Value

9.2.4.3.2.           Market Share & Forecast

9.2.4.3.2.1.               By Service Type Market Share Analysis

9.2.4.3.2.2.               By Vehicle Type Market Share Analysis

9.2.4.3.2.3.               By User Demographics Market Share Analysis

9.2.4.4.        Turkey Automotive Engine Belt Market Outlook

9.2.4.4.1.           Market Size & Forecast

9.2.4.4.1.1.               By Value

9.2.4.4.2.           Market Share & Forecast

9.2.4.4.2.1.               By Service Type Market Share Analysis

9.2.4.4.2.2.               By Vehicle Type Market Share Analysis

9.2.4.4.2.3.               By User Demographics Market Share Analysis

9.2.4.5.        Kuwait Automotive Engine Belt Market Outlook

9.2.4.5.1.           Market Size & Forecast

9.2.4.5.1.1.               By Value

9.2.4.5.2.           Market Share & Forecast

9.2.4.5.2.1.               By Service Type Market Share Analysis

9.2.4.5.2.2.               By Vehicle Type Market Share Analysis

9.2.4.5.2.3.               By User Demographics Market Share Analysis

9.2.4.6.        Egypt Automotive Engine Belt Market Outlook

9.2.4.6.1.           Market Size & Forecast

9.2.4.6.1.1.               By Value

9.2.4.6.2.           Market Share & Forecast

9.2.4.6.2.1.               By Service Type Market Share Analysis

9.2.4.6.2.2.               By Vehicle Type Market Share Analysis

9.2.4.6.2.3.               By User Demographics Market Share Analysis

10. South America Automotive Engine Belt Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Service Type Market Share Analysis

10.2.2. By Vehicle Type Market Share Analysis

10.2.3. By User Demographics Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Brazil Automotive Engine Belt Market Outlook

10.2.4.1.1.         Market Size & Forecast

10.2.4.1.1.1.            By Value

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Service Type Market Share Analysis

10.2.4.1.2.2.            By Vehicle Type Market Share Analysis

10.2.4.1.2.3.            By User Demographics Market Share Analysis

10.2.4.2.     Argentina Automotive Engine Belt Market Outlook

10.2.4.2.1.         Market Size & Forecast

10.2.4.2.1.1.            By Value

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Service Type Market Share Analysis

10.2.4.2.2.2.            By Vehicle Type Market Share Analysis

10.2.4.2.2.3.            By User Demographics Market Share Analysis

10.2.4.3.     Colombia Automotive Engine Belt Market Outlook

10.2.4.3.1.         Market Size & Forecast

10.2.4.3.1.1.            By Value

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Service Type Market Share Analysis

10.2.4.3.2.2.            By Vehicle Type Market Share Analysis

10.2.4.3.2.3.            By User Demographics Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on Global Automotive Engine Belt Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1.  Continental AG

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2.  Gates Industrial Corporation plc

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3.     Bando Chemical Industries, Ltd

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4.   Mitsuboshi Belting Ltd

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5.    Dayco Incorporated

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6.    AB SKF 

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7.     Tsubakimoto Chain Co.

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8.     Optibelt GmbH

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9.     HUTCHINSON SA

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.               Schaeffler AG

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target By Service Type

15.3.             Target By User Demographics

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The global Automotive Engine Belt Market size was estimated at USD 22.56 Billion in 2023.

Electric vehicles was the fastest-growing segment in the automotive engine belt market due to rising adoption, environmental concerns, and demand for specialized belt configurations.

North America dominated the automotive engine belt market due to high vehicle production, advanced technology adoption, and a strong automotive industry infrastructure.

Major drivers for the global automotive engine belt market include rising vehicle production, demand for fuel efficiency, technological advancements, adoption of electric vehicles, and stricter emission regulations.

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