Global Automotive Engine Pulley Market is expected to reach US$ 9.69 Bn by 2030, at a CAGR of 3.5% during the forecast period.Automotive Engine Pulley Market Overview
A belt is driven or directed by an engine pulley, which is a wheel mounted to the engine of a vehicle, usually an automobile. A timing belt is commonly used in conjunction with an engine pulley to assist in the opening and closing of the engine's valves. A vehicle's engine pulley system usually contains a large number of pulleys that perform various functions. Thus, it is expected to have a significant impact on this market in the context of the trade war between China and the United States, as well as global economic instability and uncertainty. The automotive engine pulley is primarily driven by the growth in vehicle production in developing countries as a result of that disposable income and rapid urbanization. The report also covers the detailed analysis of the global automotive engine pulley industry with the classifications of the market based on type, vehicle type, and region. Analysis of past market dynamics from 2018 to 2023 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.To know about the Research Methodology :- Request Free Sample Report
Automotive Engine Pulley Market Dynamics
Global vehicle demand is predicted to surpass 100 million units during the end of the forecast period. The automotive industry is expanding due to the rising demand for passenger cars, small sport utility vehicles (SUVs), and crossovers. Cars also evolved from a mode of transportation to a status symbol. The cost of a vehicle is determined by the driver's social standing. Thus, disposable income and rapid urbanization, especially in developed countries, are propelling the automobile engine pulley market forward. In addition, there is a growing need for lightweight and reliable pulley systems that minimize vehicle weight and increase vehicle efficiency to comply with stringent government regulations, such as the CAFÉ s. This in turn is expected to boost the global automotive engine pulley market growth over the forecast period. Engine downsizing is also helping OEMs stay afloat in the car industry, facing strict pollution regulations. As a result of their increased efficiency over the previous generation, cars are being adopted at a higher rate. This improvement in adoption is projected to boost the growth of the automotive engine pulleys industry during the forecast period. The region the Asia Pacific has the highest demand in the automotive industry, with China contributing the most. In 2023, the markets in Europe and America grew by 7% and 1%, respectively.Automotive Engine Pulley Market Segmentation Analysis
By Type, the drive belt segment held an xx% market share in 2023 and is expected to account for the largest global automotive engine pulley market share during the forecast period. Drive belts limit engine load while increasing fuel economy and the power available. Furthermore, these belts are simple to sustain and repair. These trends are expected to fuel segment growth, thus contributing to the overall growth of the automobile engine pulley market. By Vehicle Type, the passenger car segment is projected to hold a significant share of the market due to the growing demand for high-quality pulleys with advanced load-carrying capability. It includes sedans, hatchbacks, station wagons, Sports Utility Vehicles (SUVs), and Multi-Utility Vehicles (MUVs) equipped with several smart components, like smart controllers, which give access to several cabin features. The passenger vehicle segment of the automobile engine pulley industry is growing rapidly in Asia Pacific's developing countries. The region's demand growth can be due to an increase in GDP and population, a change in lifestyle, improved customer buying power, and the expansion of infrastructure. Similarly, commercial vehicles are anticipated to boost the market due to technological advancements during the forecast period. Because of increasing vehicle demand in Japan and China, Asia Pacific held the largest market share in the global market in 2023. Also, government policies in countries such as India and China are expected to drive the development of the automotive engine pulleys industry during the forecast period. In terms of market share, Asia Pacific is led by North America and Europe, where markets in Europe and America grew by 7% and 1%, respectively. The United States dominated the market for car engine pulleys in North America, followed by Mexico and Canada. The demand for automotive engine pulleys in the European region is expected to be strong due to the region's increasing demand for technologically advanced vehicles.Automotive Engine Pulley Market Scope: Inquire before buying
Automotive Engine Pulley Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 7.61 Bn. Forecast Period 2024 to 2030 CAGR: 3.5% Market Size in 2030: US $ 9.69 Bn. Segments Covered: by Type Drive belt Timing belt by Vehicle Type Passenger Vehicle Commercial Vehicle Automotive Engine Pulley Market by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Automotive Engine Pulley Market Key Players
1. ContiTech 2. Phoenix Pulleys 3. Bearings & Belts 4. Clark Pulley Industries 5. Zhejiang Renchi Auto Parts Co.Ltd 6. Panjiva, Inc 7. KAVO B.V 8. Kanemitsu Co. Ltd 9. Freudenberg (Germany) 10. NTN (Japan) 11. NOK (Japan) 12. Hitachi Chemical (Japan) 13. Martinrea International (Canada) 14. Kojima Industries (Japan) 15. Fuji Kiko (Japan) 16. Aisin Shinwa (Japan) 17. Asama Giken (Japan) 18. Dayco Products (USA) Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Engine Pulley Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Automotive Engine Pulley Market? Ans: The Global Automotive Engine Pulley Market is growing at a CAGR of 3.5% during forecasting period 2024-2030. 3. What is scope of the Global Automotive Engine Pulley Market report? Ans: Global Automotive Engine Pulley Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Automotive Engine Pulley Market size in 2023? Ans: The Global Automotive Engine Pulley market was valued at US$ 7.61 Bn. In 2023. 5. What is the study period of this Market? Ans: The Global Automotive Engine Pulley Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Engine Pulley Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Engine Pulley Market 3.4. Geographical Snapshot of the Automotive Engine Pulley Market, By Manufacturer share 4. Global Automotive Engine Pulley Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Engine Pulley Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Engine Pulley Market Analysis and Forecast, 2023-2030 6.1. Global Automotive Engine Pulley Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 7.1.1. Drive belt 7.1.2. Timing belt 7.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 7.2.1. Passenger Vehicle 7.2.2. Commercial Vehicle 8. Global Automotive Engine Pulley Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 9.1.1. Drive belt 9.1.2. Timing belt 9.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 9.2.1. Passenger Vehicle 9.2.2. Commercial Vehicle 10. North America Automotive Engine Pulley Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 12. Canada Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 13. Mexico Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 14. Europe Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 15. Europe Automotive Engine Pulley Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 17. France Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 18. Germany Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 19. Italy Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 20. Spain Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 21. Sweden Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 22. CIS Countries Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 23. Rest of Europe Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 24. Asia Pacific Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 25. Asia Pacific Automotive Engine Pulley Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 27. India Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 28. Japan Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 29. South Korea Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 30. Australia Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 31. ASEAN Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 32. Rest of Asia Pacific Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 33. Middle East Africa Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 34. Middle East Africa Automotive Engine Pulley Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 36. GCC Countries Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 37. Egypt Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 38. Nigeria Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 39. Rest of ME&A Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 40. South America Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 41. South America Automotive Engine Pulley Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 43. Argentina Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 44. Rest of South America Automotive Engine Pulley Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Engine Pulley Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Phoenix Pulleys 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. ContiTech 45.5. Phoenix Pulleys 45.6. Bearings & Belts 45.7. Clark Pulley Industries 45.8. Zhejiang Renchi Auto Parts Co.Ltd 45.9. Panjiva, Inc 45.10. KAVO B.V 45.11. Kanemitsu Co. Ltd 45.12. Freudenberg (Germany) 45.13. NTN (Japan) 45.14. NOK (Japan) 45.15. Hitachi Chemical (Japan) 45.16. Martinrea International (Canada) 45.17. Kojima Industries (Japan) 45.18. Fuji Kiko (Japan) 45.19. Aisin Shinwa (Japan) 45.20. Asama Giken (Japan) 45.21. Dayco Products (USA) 46. Primary Key Insights