Market Research Future published a cooked research report on global Automotive Timing Belt market. The global market for global automotive timing belt market is expected to witness significant growth between 2016 and 2023. The boom in the automotive industry is expected to positively impact the automotive timing belt market. Rising popularity of motor sports resulting in increasing demand for diverse high-performance vehicles is expected to fuel the demand in the automotive timing belt market. The use of fiber-reinforced materials in the timing belt has widened the scope of the overall timing belt market. 

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Rapidly rising rate of investment by major OEMs to intensify the strength and durability of the timing belt, is expected to positively impact the market for automotive timing belts.  Technological advancements in the automotive industry has resulted in a shift in focus towards lightweight components. This has influenced timing belt manufacturers to gun for development of quicker and lighter timing belts for vehicles.  Another major trend expected to propel the demand in the automotive timing belt market is the increasing rate of adoption of direct injection for automobiles.

The key players of global automotive timing belt market are Continental (Germany), SKF (Sweden), BorgWarner (US), , and Tsubakimoto Chain (Japan), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). In 2016, these companies accounted for a share of XX% of the global market.

The report for Global Automotive Timing Belt Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Browse more details on report at: https://www.marketresearchfuture.com/reports/automotive-timing-belt-market-4929

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