Global Timing Belt Market Poised to Grow at a CAGR Of 4.89% by 2023: Infinium
Global Research
The report on Timing Belt Market by component (idler pulleys, timing shield, tensioner, sprocket), drive type
(dry belts, chains), hybrid vehicle type (plug-in hybrid electric vehicle, hybrid electric vehicle), ice vehicle type
(passenger vehicle, commercial vehicle) trends analysis and forecasts up to 2023 studies the market sizes, key
trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the
World. According to the report the Global Timing Belt Market is projected to grow at a CAGR of 4.89% in
terms of value over the period of 2017-2023. The growth in the world market is primarily driven by significant
contribution by North America (Leading region) region to this market.
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The recent report identified that Asia-Pacific dominated the global timing belt market over the last couple of
years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to
the growth in the timing belt market worldwide.
The report segments the global timing belt market on the basis of component, drive type, hybrid vehicle type,
and ice vehicle type.
Infinium Global Research