October 30, 2024 06:30 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Transparency Market Research, Inc., Oct. 30, 2024 (GLOBE NEWSWIRE) -- The automotive metal timing chain market (Markt für Kfz-Steuerketten aus Metall ) was worth US$ 12.79 billion in 2021. A CAGR of 4.1% is predicted for the period 2022 to 2031. Global automotive metal timing chain sales are predicted to reach US$ 19.28 billion by 2031. Engine Camshaft
Manufacturers of automotive metal timing chains can support market growth by providing vehicle owners and repair shops with high-quality replacement chains and components. The growing aftermarket automotive parts market, driven by increasing vehicle age and the need for replacement parts, makes this possible.
The importance of vehicle safety and reliability drives the demand for durable and robust automotive metal timing chains that can withstand high temperatures, extreme conditions, and heavy loads, ensuring optimal engine performance and minimizing the risk of engine failure or malfunction.
The growing aftermarket automotive parts market, driven by increasing vehicle age and the need for replacement parts, creates opportunities for automotive metal timing chain manufacturers to supply high-quality replacement chains and components to vehicle owners and repair shops, supporting market growth.
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The need for strong and resilient automotive metal timing chains that can tolerate high temperatures, harsh environments, and large loads is driven by the significance of vehicle safety and dependability. These chains provide optimal engine performance and reduce the possibility of engine failure or malfunction.
Global Automotive Metal Timing Chain Market: Competitive Landscape
A few large vendors control most of the automotive metal timing chain market share. Firms invest heavily in research and development to create durable, lightweight, and versatile products.
It has become a common practice for major players to acquire other companies and expand their product portfolios. Some key market players profiled by Transparency Market Research include the following:
Key Findings of the Market Report
Global Automotive Metal Timing Chain Market: Growth Drivers Automotive metal timing chains are in high demand for their role in providing accurate and reliable engine timing in internal combustion engines. Automotive manufacturing is experiencing continual growth, which in turn is being driven by increasing consumer demand globally.Automotive metal timing chains are in high demand due to strict regulations to reduce vehicle emissions and increase fuel efficiency. As compared to belts and other timing systems, chains offer better durability, reliability, and performance, contributing to more environmentally friendly and efficient vehicles.Developing high-performance engines with variable valve timing and turbocharging systems, among other ongoing advances in engine design and technology, raises the complexity and demand for sophisticated automotive metal timing chains that can provide accurate and reliable engine timing under various operating conditions.
Global Automotive Metal Timing Chain Market: Regional Landscape
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Global Automotive Metal Timing Chain Market: Segmentation
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