Global Automotive Timing Belt Market Size & Outlook

The automotive timing belt industry worldwide is expected to reach a projected revenue of US$ 9,585.5 million by 2030. A compound annual growth rate of 4.3% is expected of the worldwide automotive timing belt industry from 2024 to 2030.
Revenue, 2023 (US$M)
$7,130.0
Forecast, 2030 (US$M)
$9,585.5
CAGR, 2024 - 2030
4.3%
Report Coverage
Worldwide

Global automotive timing belt market, 2018-2030 (US$M)

Global automotive timing belt market highlights

  • The global automotive timing belt market generated a revenue of USD 7,130.0 million in 2023 and is expected to reach USD 9,585.5 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 4.3% by 2030.
  • In terms of segment, dry belt accounted for a revenue of USD 7,130.0 million in 2023.
  • Dry Belt is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 7,130.0 million
Market revenue in 2030USD 9,585.5 million
Growth rate4.3% (CAGR from 2023 to 2030)
Largest segmentDry belt
Fastest growing segmentDry Belt
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDry Belt

Other key industry trends

  • In terms of revenue, the North America accounted for 30.2% of the global automotive timing belt market in 2023.

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Automotive Timing Belt Market Scope

Automotive timing belt market segmentation & scope
Chain
Belt-in-Oil
Distribution Channel
OEM
Aftermarket
Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Countries
U.S.
Canada
Mexico
Germany
France
Italy
Spain
UK
Japan
China
India
South Korea
Australia
Brazil
Argentina
Saudi Arabia
UAE
South Africa

Automotive Timing Belt Market Companies

Name Profile # Employees HQ Website

Global automotive timing belt market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive timing belt market will help companies and investors design strategic landscapes.


Dry belt was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global automotive timing belt market based on dry belt covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Automotive Timing Belt Type Outlook (Revenue, USD Million, 2018-2030)
    • Dry Belt
    • Chain
    • Belt-in-Oil
  • Global Automotive Timing Belt Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
    • OEM
    • Aftermarket
  • Global Automotive Timing Belt Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
    • Passenger Vehicle
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle

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Target buyers of Global automotive timing belt market databook

  • Our clientele includes a mix of automotive timing belt market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive timing belt market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive timing belt market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global automotive timing belt market size, by regions, 2018-2030 (US$M)

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