In a recent research report by Maximize Market Research, the Automotive Tensioner Market is expected to surpass US $ 3.80 billion by the year 2027, from US $ 3 billion in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 4 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Automotive Steering Systemin the region, the Value – Chain analysis, and the PORTER’s analysis for the Automotive Tensioner Market at a global level.
The study is consolidated based on two major segments and further into sub-segments, By Product Type (Automatic Belt Tensioner, Idler Pulley), By Distribution Channel (Original Equipment Manufacturers, Aftermarket), By Vehicle Type (Passenger Vehicle, Commercial Vehicle) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
By Sales Channel, the OEM segment is anticipated to hold an xx% of share owing to the application of automatic tensioners in powertrain systems which is replaced very rarely. The two-wheeler aftermarket segment, as well as the other category, are expected to grow rapidly, however, the OEM segment is expected to dominate the market throughout the forecast period.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Dayco Australia Pty Ltd, Mubea Aftermarket Services GmbH, Zhejiang Renchi Auto Parts Co., Ltd., Taizhou GEDLBT Machinery Manufacturing Co. Ltd., Gambo Industry Co. Ltd., Guangzhou Kafu Engeering Machinery Parts Co. Ltd., Gaoyao Jinxing Road Hongtong Hardware Factory, Capitol Stampings Corp., Brewer, ABA Automotive, Alt America Inc., Continental AG, C R Products Ltd., Dayco Products, GMB Corporation, Litens Automotive Group, Mubea Motorkomponenten GmbH, NTN Corporation, The Gates Corporation) in the Automotive Tensioner Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Automotive Tensioner Market.”
https://www.maximizemarketresearch.com/market-report/global-automotive-tensioner-market/120965/
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