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Global Automotive Belt Tensioner Pulleys Market Analysis Highlights the Impact of COVID-19 (2020-2024)| Production Shift to Low-cost Countries to Boost Market Growth | Technavio


Technavio has been monitoring the global automotive belt tensioner pulleys market size and it is poised to grow by USD 746.25 million during 2020-2024, progressing at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, Bando Chemical Industries Ltd., Continental AG, Dayco IP Holdings LLC, Gates Industrial Corp. Plc, Hutchinson SA, Litens Automotive Group, Tenneco Inc., THE GOODYEAR TIRE & RUBBER CO., and The Timken Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The production shift to low-cost countries has been instrumental in driving the growth of the market. However, the increasing adoption of EVs might hamper market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Belt Tensioner Pulleys Market 2020-2024: Segmentation

Automotive Belt Tensioner Pulleys Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44226

Automotive Belt Tensioner Pulleys Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive belt tensioner pulleys market report covers the following areas:

This study identifies the increasing use of thermally-stable materials for producing timing belts as one of the prime reasons driving the automotive belt tensioner pulleys market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Belt Tensioner Pulleys Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Application

Customer Landscape

Geographic Landscape

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

Appendix

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