Automotive Timing Chain/Belt Cover Market 2022
The Automotive Timing Chain/Belt Cover Market is valued at US$ 18.8 Bn at present and reach a value of US$ 28.6 Bn by the end of 2032. Sales of automotive timing covers are estimated to increase at 4.2% CAGR through 2032.
This published report for Automotive Timing Chain/Belt Cover Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Automotive Timing Chain/Belt Cover Market also offers the previous historical data along with the forecast from 2022 to 2030. The assessment of Automotive Timing Chain/Belt Cover Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2022-2032.
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Manufacturers are using lightweight materials to meet the demand from vehicle manufacturers for lightweight and durable covers. This is done in response to the rising trend of vehicle customization. For instance, the main raw materials used to manufacture car accessories today are lightweight materials such as high-strength steel and polycarbonate.
Key Companies-
- Nitto Performance Engineering Pty Ltd
- PROFORM
- Spectre Performance
- Holley Performance Products INC
- Cloyes
- Dorman Products
- Pioneer Automotive Industries
- Aisin Group
- KC Auto Products
- ICT Billet
- COMP Cams
- Moroso
- Ichiban Engineering
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Key Takeaways from Market Study
- By vehicle type, the passenger vehicles segment is anticipated to witness demand growth at 3.9% CAGR by volume through 2032.
- Under material type, the metal and alloys segment is projected to expand at a CAGR of 4.2%.
- By region, East Asia is anticipated to witness substantial growth in the automotive timing cover market. Sales of automotive timing covers in China are expected to increase at 3.8% CAGR in terms of volume.
- By sales channel, the OEMs segment is estimated to hold a prominent volume share of 65.6% in 2022.
“The market for automotive timing covers is being fueled by rising disposable income and shifting customer preferences toward technologically-advanced goods and appliances. Manufacturers are developing lightweight materials to utilize in the production of automotive timing covers in response to the necessity to develop fuel-efficient and lightweight vehicles,” says a Persistence Market Research analyst.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global automotive timing cover market that contains an industry analysis of 2017–2021 and an opportunity assessment for 2022–2032.
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Key Questions Answered in This Report –
- What is the current size of the global automotive timing cover market?
- What is the demand outlook for automotive timing covers?
- What is the market outlook for automotive timing covers in China?
- Which countries are key consumers of automotive timing covers?
- What are the key strategies of market players?
- What is the forecast for the automotive timing cover market?
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