Transparency Market Research
Automatic tensioner is used to maintain tension of the belt between two or more pulleys. These tensioners reduce the slack of the belts or chains to efficiently transmit torque by reducing the vibration of belts or chains. Pulley of many automatic tensioners are stable after fitting; however, some are mounted with hinges, which keep adjusting according to the movement of the chains or belts. Application of tensioners enhance the lifespan of belts or chains by preventing sudden jerks caused due to the variations in speed and torque.
Demand for automatic tensioners in the automotive industry is anticipated to increase during the forecast period due to the rise in application of tensioners by major OEMs (original equipment manufacturers). Demand for automatic tensioners is anticipated to increase during the forecast period owing to preference for automatic tensioners over other mechanical tensioners as the automatic avoids the regular tensioning of drives and reduces the risk of over tensioning of drive components. Furthermore, rise in penetration of automatic tensioners in different vehicle systems such as seat belts, which retract the belt when it is opened, is anticipated to propel the market. Preference for belt driven systems over other technologies, especially in diesel vehicles, is increasing exponentially. This, in turn, is boosting the global automatic tensioner market. Growing emphasis of governments to promote electric vehicle is likely to hamper the automatic tensioner market for automotive industry as automatic tensioners are mounted in internal combustion engines between driving components.
The automatic tensioner market for automotive can be segmented based on application, belt, sales channel, vehicle, and region. In terms of application, the market can be categorized into engine components and others. The engine segment is anticipated to hold a considerable share of the market, as automatic tensioners are used in the engine system for the transmission of torque between pulleys. Tensioners are also used with timing belts, which are responsible for the variable valve timing in vehicle engines.
Based on belt, the serpentine belt segment is anticipated to hold a major share of the market due to high efficiency and lower friction loss of these belts. The serpentine belt segment is an emerging belt type which is anticipated to expand significantly. 80% of vehicles in Japan are equipped with serpentine belts.
In terms of sales channel, the OEM (original equipment manufacturer) segment is anticipated to hold a major share of the market owing to application of automatic tensioners in powertrain systems which is replaced very rarely. The aftermarket segment for two wheelers and the others segment are projected to expand at a significant pace; however, the OEM segment is likely to dominate the market during the forecast period.
Based on vehicle, the passenger vehicles segment is expected to hold a substantial share of the market due to higher production of passenger vehicles as compared to commercial vehicles. Commercial vehicles is expected to be a leading segment in North America due to high production of light trucks.
In terms of region, Asia Pacific is expected to hold a dominant share of the market due to high production of vehicles in the region, followed by Europe. Emphasis to boost the production of electric vehicles and to restrict the production of vehicles with internal combustion engines in China is anticipated to reduce the growth of the automatic tensioner market for automotive industry in Asia Pacific.
Key players in the global automatic tensioner market for automotive includes SIT S.p.A., Gates Corporation, FAI Automotive plc, KMC Automotive Transmission(Shenzhen) Co., Ltd., and Pricol Limited.
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