Automotive Belt Tensioner Pulleys Market to grow by USD 276.61 million from 2023 to 2028; market is fragmented due to the presence of prominent companies like AB SKF, ABA Automotive and B and B Manufacturing Inc., and many more – Technavio

NEW YORK, Nov. 16, 2023 /PRNewswire/ — The automotive belt tensioner pulleys market is estimated to grow by USD 276.61 million from 2023 to 2028, growing at a CAGR of 4.47%. The automotive belt tensioner pulleys market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive belt tensioner pulleys market are AB SKF, ABA Automotive, B and B Manufacturing Inc., Bando Chemical Industries Ltd., Clark Pulley Industries Inc., Continental AG, Dayco IP Holdings LLC, Dorman Products Inc., Gates Industrial Corp. Plc, General Motors Co., Hutchinson SA, Kanemitsu Corp., KAVO B.V., Litens Automotive, Standard Motor Products Inc., Tenneco Inc., The Goodyear Tire and Rubber Co., The Timken Co., and Zhejiang Renchi Auto Parts Co. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying

Company Offering:

AB SKF – The company offers automotive belt tensioner pulleys such as VKMCV 55005, and tensioner pulleys with v ribbed belts.ABA Automotive – The company offers automotive belt tensioner pulleys such as alternator belt tensioners, metal pulleys, and timing belt tensioners.B and B Manufacturing Inc. – The company offers automotive belt tensioner pulleys such as base-mounted tensioners, floating mount tensioners, and shaft-mounted tensioners.For details on companies and their offerings – Buy a report!

By Geography, the market is classified as APAC, Europe, North America, South America, and Middle East and Africa. APAC will have the largest share of the market with a major contribution of 60% for the global market growth. China is a major contributor to the regional market growth. The growing adoption of passenger cars and CVs in China is a major factor. Additionally, Japan and India are also important contributors to the demand for automotive belt tensioner pulleys. This is because of the high volume of automotive production. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.

Impactful driver- Production shift to low-cost countriesKey Trend – Increased use of advanced materials for component design of vehiclesMajor Challenges – The ongoing slowdown of the economy in China

 Market Segmentation

The passenger cars segment is significant during the forecast period. There is an expansion of the automotive sector as a whole; additionally, the need to improve engine efficiency and performance in order to take advantage of this, the demand for passenger cars is increasing. SKF Group, Gates Corporation, Litens Automotive Group, Dayco Products, and Schaeffler AG, are some of the significant market participants.

Technavio Research experts have provided more insights on the market share of segments – View a Free Sample Report

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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SOURCE Technavio