With the spread of Covid-19 pandemic, the demand for timing belt kits starting falling as lockdown was implented by the government to protect the people from the deadly virus. The manufacturers suffered accute decline in their sales in the first and second quarter of 2020, however after that it started witnessing gradual progress. In 2021, the leading players are recovering their losses by undertaking continuous research and developments to develop better products and services for attracting and retaining the customers.
The Market Research Survey by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand of Timing Belt Kits. The Market Survey also examines the Global Timing Belt Kits Sales for the forecast period 2021- 2031. The report examines the Timing Belt Kits market key trends, growth opportunities and Timing Belt Kits market size.
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Key Company Developments
With aftermarket for automotive gaining high traction, participants involved in power transmission drive belts are focusing on enlarging their product portfolios, timing belt kit product range and belts with advanced material to serve the increasing aftermarket demands. Keeping this in focus, automotive companies are developing high quality belt kits with high maintenance ranges suitable for high drives.
- Continental AG has introduced timing chains to its current product portfolio for automotive aftermarket. In its new timing chain product range, Continental AG offers 43 various timing chain kits, which is a complete solution set to reduce frequent failures of timing chains or its components
- Exo Automotive, a reference company for the automotive aftermarket, has introduced new timing belt kit that is being branded under the name Open Parts. This timing belt kit integrates the spare parts that have an increased maintenance range from 0 to 100,000 kilometers and beyond and consists of high quality kit components
- ContiTech has introduced SILENTSYNC, a self-tracking timing belt that is ozone resistant, aging resistant, produced less vibrations, maintenance free and electrically conductive (ISO 9563 approved). Additionally, ContiTech has also come up with FALCON PD, in which timing belt is made of reinforced rubber for extremely demanding drives. It has less maintenance and is suitable for reverse tensioning idlers or reverse flexing
Key questions answered in Timing Belt Kits Market Survey Report:
- What is the current scenario and key trends in Timing Belt Kits Market?
- What are the key strategies companies are adopting to increase their consumer base?
- What are the key categories within the Timing Belt Kits segments and their future potential?
- What are the major Timing Belt Kits Market drivers and their expected impact during the short, medium, and long terms?
- What is the Timing Belt Kits Market size and what are the opportunities for the key players?
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Asia Pacific to Register Significant Growth in Timing Belt Kits Market
With large scale vehicle production in emerging economies such as China and India, the timing belt kits market is expected to witness steady growth in the Asia Pacific region. According to International Organization of Motor Vehicle Manufacturers, Asia Pacific accounts over 50% of the global vehicle production and is estimated to increase in the coming years with growing population. This is likely to be a major growth driver of the timing belt kits market in Asia Pacific.
Essential Takeaways from the this Market Report
- Comparison of prominent players operating in the market.
- Recent developments and key strategies adopted by key players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain.
- Evaluation of current Timing Belt Kits market size, forecast and technological advancements within the industry.
- Current Insights influencing the scenario and key trends in Timing Belt Kits market.
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The Report Covers Exhaustive Analysis On:
- Timing Belt Kits Market Drivers, Segments and Restraints.
- Timing Belt Kits Market Survey and Dynamics
- Timing Belt Kits Market Size & Demand
- Timing Belt Kits Key Trends/Issues/Challenges
- Timing Belt Kits Sales, Competition & Companies involved
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