Global Automotive Belt Market 2017-2021




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About Automotive Belt

A belt is a loop of flexible material used to link two or more power transmitting shafts mechanically. It has multiple applications as a part of power generation and transmission in the vehicle. There are various dynamics used to manufacture automotive belts, such as two pulley systems or parallel shafts. The belt can either drive the pulley in a single direction, or the belts are crossed to achieve the reverse direction of rotation. Belts are a simple, inexpensive mode of power transmission between two shafts that are not axially aligned. Specially designed belts with specific materials aid in power transmission depending on their application.

Technavios analysts forecast the global automotive belt market to grow at a CAGR of 3.87% during the period 2017-2021.

Covered in this report
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.

The market is divided into the following segments based on geography:

Technavio's report, Global Automotive Belt Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Gates Corporation

Other prominent vendors
Colmant Cuvelier
Ningbo Beidi Synchronous Belt
NingBo Fulong Synchronous Belt
Tsubakimoto Chain

Market driver
Increasing demand for fuel efficiency
For a full, detailed list, view our report

Market challenge
Stringent regulations for owning cars in China
For a full, detailed list, view our report

Market trend
Thermal stability in performance vehicles
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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