Wednesday, 13 December 2017

Automotive Belt Global Market to grow at a CAGR of 3.87% during 2017-2021: Continental, Gates Corporation, Federal-Mogul, and Fenner

A new independent 80 page research with title ‘Global Automotive Belt Market 2017-2021′  guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like Americas, APAC, EMEA and important players/vendors such as Continental, Gates Corporation, Federal-Mogul, and Fenner. With n-number of tables and figures examining the Automotive Belt the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2022
The analysts forecast the global automotive belt market to grow at a CAGR of 3.87% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global automotive belt market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
HTF recognizes the following companies as the key players in the global automotive belt market: Continental, Gates Corporation, Federal-Mogul, and Fenner.
Other Prominent Vendors in the market are: Bando, Colmant Cuvelier, ACDelco, Beck/Arnley, Dayco, Goodyear, Ningbo Beidi Synchronous Belt, NingBo Fulong Synchronous Belt, SKF, and Tsubakimoto Chain.
Commenting on the report, an analyst from HTF’s team said: “One trend in the market is thermal stability in performance vehicles. Temperature-resistant materials such as HNBR (Hydrogenated Acrylonitrile-Butadiene. Rubber) with chloroprene material have been most commonly used to maintain the shape of the belt at high speed where heat is dissipated from the engine. Temperature-resistant automotive belts are widely used in performance-driven industry such as pro racing where power ratio is high, engine output is maintained at its highest output level where heat dissipation is high, and stress on the automotive belts is high.”
According to the report, one driver in the market is increasing demand for fuel efficiency. Fluctuating price of the fuel has led the vehicle buyers to prefer vehicles with greater fuel efficiency. The increasing fuel prices have been compounded by declining values of local currencies wherein individual countries would face fluctuating fuel prices for importing fuel based on their local currency. For instance, China, the largest market for the automotive sector, has seen a surge by more than 10% in diesel price due to the declining value of the Chinese Yuan against the US dollar value in 2016.
Further, the report states that one challenge in the market is stringent regulations for owning cars in China. The Chinese auto market is the world’s largest market with the highest producers and consumers of vehicles globally. In China, there are nearly 204 million people who possess driving licenses, but they do not own a personal car. The Chinese government is imposing stringent regulations for owning a private car and self-drive car rental due to lack of parking space in cities. This is shifting the people’s focus toward on-demand taxi. The Chinese government has imposed strict restrictions on owning a private vehicle to reduce the number of cars and subsequent traffic congestion on the road in densely populated cities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/831454-global-automotive-belt-market
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
• Market outline
• What are automotive belts?
• Construction and design of automotive belts
• Types of automotive belts
• Factors affecting the life of drive belts
PART 05: MARKET LANDSCAPE
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: MARKET SEGMENTATION BY TYPE
• Market overview
• Global timing belt market
• Global serpentine belt market
PART 07: MARKET SEGMENTATION BY APPLICATION
• Market overview
• Global automotive belt market for passenger
….Continued
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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CRAIG FRANCIS (PR & Marketing Manager)
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