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Automotive Timing Chain and Belt Market to be valued at US$ 10.20 Bn by 2027 – Comprehensive Research Report by FMI

DUBAI, United Arab Emirates, Jan. 14, 2022 (GLOBE NEWSWIRE) — The global automotive timing chain and belt market was pegged at 114,517 ‘000 units in 2022 and is expected to reach 166,277 ‘000 units by the end of 2027. The market is projected to increase at a volume CAGR of 3.8%.

According to a new report by Future Market Insights titled “Automotive Timing Chain & Belt Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2022–2027),” global sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2022 and is projected to increase at a CAGR of 4.2% over the forecast period to be valued at US$ 10,209.9 Mn by 2027. This growth is primarily driven by an increase in vehicle production across key geographies.

Automotive Timing Chain and Belt Market Base Year Value (2021A) US$ 7.8 Bn
Automotive Timing Chain and Belt Market Estimated Year Value
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