As the global economy mends, the 2021 growth of Automotive Belt will have significant change from previous year. According to our (LP Information) latest study, the global Automotive Belt market size is USD million in 2022 from USD 12830 million in 2021, with a change of % between 2021 and 2022. The global Automotive Belt market size will reach USD 20260 million in 2028, growing at a CAGR of 6.7% over the analysis period.
The United States Automotive Belt market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Automotive Belt market, reaching US$ million by the year 2028. As for the Europe Automotive Belt landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Automotive Belt players cover Gates Corporation, Midas International Corporation, Mitsuboshi Belting Ltd. Group, and Helicord Transmissions Pvt. Ltd., etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Belt market by product type, application, key manufacturers and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022, in Section 2.3; and forecast to 2028 in section 12.6
Timing Belts
Drive Belts
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market, include
Gates Corporation
Midas International Corporation
Mitsuboshi Belting Ltd. Group
Helicord Transmissions Pvt. Ltd.
BandB Manufacturing
The Carlstar Group LLC
Continental AG
Bearings and Power Transmission Solutions
CRP Industries Inc
BG Automotive
Hutchinson Group
Bando Chemical Industries Ltd.