自動車用ベルト市場：素材、機能、用途別-2025-2030年の世界予測

自動車用ベルト市場の2023年の市場規模は170億1,000万米ドルで、2024年には180億6,000万米ドルに達すると予測され、CAGR 6.52％で成長し、2030年には264億8,000万米ドルに達すると予測されています。

自動車用ベルト市場には、ドライブベルト、タイミングベルト、アクセサリーベルトが含まれ、自動車のエンジン動作、エネルギー分配、車両全体のメンテナンスにおいて重要な役割を果たしています。これらのベルトは、オルタネーター、ウォーターポンプ、エアコンコンプレッサーなどの様々なエンジン部品に機械的動力を伝達し、自動車の最適な機能を確保するために不可欠です。世界の自動車生産の増加、低燃費車への需要の高まり、継続的な技術進歩が市場を牽引しています。大幅な成長は電気自動車やハイブリッド車へのシフトが影響しており、ベルトメーカーは性能と寿命を向上させる新技術や新素材に対応するための技術革新が必要です。耐久性と効率を向上させるために、高温ゴムや合成繊維などの高度なベルト材料の開発に機会が存在します。さらに、自動車の軽量化が進む中、機能性を損なうことなく車両全体の軽量化に貢献するベルトへの需要が高まっています。しかし、市場成長は原材料価格の変動や、従来のベルトへの依存度を下げるベルトレスエンジンの出現といった課題に直面しています。さらに、内燃エンジン車よりもベルトの必要本数が少ないことが多い電気自動車の急増も、潜在的な制約要因となっています。イノベーションは、リアルタイムモニタリング、予知保全ソリューション、強化された車両性能分析のためのIoTと統合されたインテリジェントベルトシステムの開発に焦点を当てることができます。市場は依然としてダイナミックであり、排出ガス削減とエネルギー効率に関する規制要件がメーカーに継続的な進化を促しています。企業は、業界パートナーシップと研究開発投資を活用して、こうしたイノベーションの機会を特定し、活用する必要があります。技術動向や規制状況の変化を先取りすることで、市場との関連性を確保し、技術的・経済的シフトに敏感な競合情勢の中で成長を維持することができます。

市場力学：急速に進化する自動車用ベルト市場の主要市場インサイトを公開

自動車用ベルト市場は、需要と供給のダイナミックな相互作用によって変貌を遂げています。このような市場力学の進化を理解することで、企業は十分な情報に基づいた投資決定、戦略的決定の精緻化、そして新たなビジネスチャンスの獲得に備えることができます。これらの動向を包括的に把握することで、企業は政治的、地理的、技術的、社会的、経済的な領域にわたる様々なリスクを軽減することができ、また、消費者行動とそれが製造コストや購買動向に与える影響をより明確に理解することができます。

• 市場促進要因
  • 世界の自動車生産台数の増加
  • 自動車の高年齢化に後押しされたアフターマーケット販売の拡大
• 市場抑制要因
  • 自動車用ベルトの開発コストの高さ
• 市場機会
  • ベルト技術の進歩による長寿命化と性能向上
  • 商用車における複合ベルトの高い可能性
• 市場の課題
  • 一部のエンジン設計におけるベルトレス技術へのシフトの高まり

ポーターのファイブフォース：自動車用ベルト市場をナビゲートする戦略ツール

ポーターのファイブフォースフレームワークは、市場情勢の競合情勢を理解するための重要なツールです。ポーターのファイブフォース・フレームワークは、企業の競争力を評価し、戦略的機会を探るための明確な手法を提供します。このフレームワークは、企業が市場内の勢力図を評価し、新規事業の収益性を判断するのに役立ちます。これらの洞察により、企業は自社の強みを活かし、弱みに対処し、潜在的な課題を回避することで、より強靭な市場でのポジショニングを確保することができます。

PESTLE分析：自動車用ベルト市場における外部からの影響の把握

外部マクロ環境要因は、自動車用ベルト市場の業績ダイナミクスを形成する上で極めて重要な役割を果たします。政治的、経済的、社会的、技術的、法的、環境的要因の分析は、これらの影響をナビゲートするために必要な情報を提供します。PESTLE要因を調査することで、企業は潜在的なリスクと機会をよりよく理解することができます。この分析により、企業は規制、消費者の嗜好、経済動向の変化を予測し、先を見越した積極的な意思決定を行う準備ができます。

市場シェア分析自動車用ベルト市場における競合情勢の把握

自動車用ベルト市場の詳細な市場シェア分析により、ベンダーの業績を包括的に評価することができます。企業は、収益、顧客ベース、成長率などの主要指標を比較することで、競争上のポジショニングを明らかにすることができます。この分析により、市場の集中、断片化、統合の動向が明らかになり、ベンダーは競争が激化する中で自社の地位を高める戦略的意思決定を行うために必要な知見を得ることができます。

FPNVポジショニング・マトリックス自動車用ベルト市場におけるベンダーのパフォーマンス評価

FPNVポジショニングマトリックスは、自動車用ベルト市場においてベンダーを評価するための重要なツールです。このマトリックスにより、ビジネス組織はベンダーのビジネス戦略と製品満足度に基づき評価することで、目標に沿った十分な情報に基づいた意思決定を行うことができます。4つの象限によってベンダーを明確かつ正確にセグメント化し、戦略目標に最適なパートナーやソリューションを特定することができます。

戦略分析と推奨自動車用ベルト市場における成功への道筋を描く

自動車用ベルト市場の戦略分析は、世界市場でのプレゼンス強化を目指す企業にとって不可欠です。主要なリソース、能力、業績指標を見直すことで、企業は成長機会を特定し、改善に取り組むことができます。このアプローチにより、競合情勢における課題を克服し、新たなビジネスチャンスを活かして長期的な成功を収めるための体制を整えることができます。

本レポートでは、主要な注目分野を網羅した市場の包括的な分析を提供しています：

1.市場の浸透度：現在の市場環境の詳細なレビュー、主要企業による広範なデータ、市場でのリーチと全体的な影響力の評価。

2.市場の開拓度：新興市場における成長機会を特定し、既存分野における拡大可能性を評価し、将来の成長に向けた戦略的ロードマップを提供します。

3.市場の多様化：最近の製品発売、未開拓の地域、業界の主要な進歩、市場を形成する戦略的投資を分析します。

4.競合の評価と情報：競合情勢を徹底的に分析し、市場シェア、事業戦略、製品ポートフォリオ、認証、規制当局の承認、特許動向、主要企業の技術進歩などを検証します。

5.製品開発およびイノベーション：将来の市場成長を促進すると期待される最先端技術、研究開発活動、製品イノベーションをハイライトしています。

また、利害関係者が十分な情報を得た上で意思決定できるよう、重要な質問にも答えています：

1.現在の市場規模と今後の成長予測は？

2.最高の投資機会を提供する製品、セグメント、地域はどこか？

3.市場を形成する主な技術動向と規制の影響とは？

4.主要ベンダーの市場シェアと競合ポジションは？

5.ベンダーの市場参入・撤退戦略の原動力となる収益源と戦略的機会は何か？

目次

第1章 序文

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 市場の概要

第5章 市場洞察

• 市場力学
  • 促進要因
    • 世界中で自動車生産が増加
    • 車両年齢の上昇によりアフターマーケットの売上が増加
  • 抑制要因
    • 自動車用ベルトの開発コストが高い
  • 機会
    • ベルト技術の進歩により、寿命が長くなり、性能が向上します
    • 商用車における複合ベルトの高い可能性
  • 課題
    • 一部のエンジン設計ではベルトレス技術への移行が進む
• 市場セグメンテーション分析
  • 素材：比類のない引張強度と耐久性を備えた複合ベルトの使用が増加
  • 用途：商用車における自動車用ベルトの高い潜在能力は、過酷な使用や長時間の運転にも耐えられる
• ポーターのファイブフォース分析
• PESTEL分析
  • 政治的
  • 経済
  • 社交
  • 技術的
  • 法律上
  • 環境

第6章 自動車用ベルト市場：素材別

• 複合ベルト
• ゴムベルト
• 合成ベルト

第7章 自動車用ベルト市場機能別

• サーペンタインベルト
• タイミングベルト/カムシャフトベルト
• Vベルト/ファンベルト

第8章 自動車用ベルト市場：用途別

• 商用車
• 乗用車

第9章 南北アメリカの自動車用ベルト市場

• アルゼンチン
• ブラジル
• カナダ
• メキシコ
• 米国

第10章 アジア太平洋地域の自動車用ベルト市場

• オーストラリア
• 中国
• インド
• インドネシア
• 日本
• マレーシア
• フィリピン
• シンガポール
• 韓国
• 台湾
• タイ
• ベトナム

第11章 欧州・中東・アフリカの自動車用ベルト市場

• デンマーク
• エジプト
• フィンランド
• フランス
• ドイツ
• イスラエル
• イタリア
• オランダ
• ナイジェリア
• ノルウェー
• ポーランド
• カタール
• ロシア
• サウジアラビア
• 南アフリカ
• スペイン
• スウェーデン
• スイス
• トルコ
• アラブ首長国連邦
• 英国

第12章 競合情勢

• 市場シェア分析2023
• FPNVポジショニングマトリックス, 2023
• 競合シナリオ分析
  • ゲイツ、オフロード車向けの新型G-Force WorkHorse CVTベルトを発売
  • NTN、「補機駆動ベルトシステム用ツインアームオートテンショナ」を開発
  • コンチネンタルが新世代のエンドレスPUタイミングベルトを市場に投入
• 戦略分析と提言

企業一覧

• Aisin Seiki Co., Ltd.
• Bando Chemical Industries, Ltd.
• BorgWarner Inc.
• Carlisle Companies Inc.
• Continental AG
• ContiTech AG
• CRP Industries Inc.
• Dayco Aftermarket Holding BV
• Dayco Products, LLC
• Federal-Mogul LLC
• Fenner PLC
• Gates Corporation
• Gates Unitta Asia Co., Ltd.
• Goodyear Tire & Rubber Company
• Hutchinson SA
• Megadyne America LLC
• Megadyne Group
• Mitsuba Corporation
• Mitsuboshi Belting Ltd.
• NTN Corporation
• Optibelt GmbH
• Optibelt Power Transmission Group GmbH
• PIX Transmissions Ltd.
• Schaeffler AG
• SKF Group
• Sumitomo Rubber Industries, Ltd.
• The Carlstar Group LLC
• The Timken Company

LIST OF FIGURES

• FIGURE 1. AUTOMOTIVE BELTS MARKET RESEARCH PROCESS
• FIGURE 2. AUTOMOTIVE BELTS MARKET SIZE, 2023 VS 2030
• FIGURE 3. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, 2018-2030 (USD MILLION)
• FIGURE 4. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 5. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 6. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2023 VS 2030 (%)
• FIGURE 7. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 8. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2023 VS 2030 (%)
• FIGURE 9. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 10. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
• FIGURE 11. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 12. AMERICAS AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
• FIGURE 13. AMERICAS AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 14. UNITED STATES AUTOMOTIVE BELTS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
• FIGURE 15. UNITED STATES AUTOMOTIVE BELTS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 16. ASIA-PACIFIC AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
• FIGURE 17. ASIA-PACIFIC AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 18. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
• FIGURE 19. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
• FIGURE 20. AUTOMOTIVE BELTS MARKET SHARE, BY KEY PLAYER, 2023
• FIGURE 21. AUTOMOTIVE BELTS MARKET, FPNV POSITIONING MATRIX, 2023

LIST OF TABLES

• TABLE 1. AUTOMOTIVE BELTS MARKET SEGMENTATION & COVERAGE
• TABLE 2. UNITED STATES DOLLAR EXCHANGE RATE, 2018-2023
• TABLE 3. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, 2018-2030 (USD MILLION)
• TABLE 4. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY REGION, 2018-2030 (USD MILLION)
• TABLE 5. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
• TABLE 6. AUTOMOTIVE BELTS MARKET DYNAMICS
• TABLE 7. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 8. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY COMPOSITE BELTS, BY REGION, 2018-2030 (USD MILLION)
• TABLE 9. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY RUBBER BELTS, BY REGION, 2018-2030 (USD MILLION)
• TABLE 10. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY SYNTHETIC BELTS, BY REGION, 2018-2030 (USD MILLION)
• TABLE 11. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 12. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY SERPENTINE BELTS, BY REGION, 2018-2030 (USD MILLION)
• TABLE 13. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY TIMING BELTS/ CAMSHAFT BELTS, BY REGION, 2018-2030 (USD MILLION)
• TABLE 14. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY V-BELTS/ FAN BELTS, BY REGION, 2018-2030 (USD MILLION)
• TABLE 15. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 16. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY COMMERCIAL VEHICLES, BY REGION, 2018-2030 (USD MILLION)
• TABLE 17. GLOBAL AUTOMOTIVE BELTS MARKET SIZE, BY PASSENGER VEHICLES, BY REGION, 2018-2030 (USD MILLION)
• TABLE 18. AMERICAS AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 19. AMERICAS AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 20. AMERICAS AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 21. AMERICAS AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
• TABLE 22. ARGENTINA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 23. ARGENTINA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 24. ARGENTINA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 25. BRAZIL AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 26. BRAZIL AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 27. BRAZIL AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 28. CANADA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 29. CANADA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 30. CANADA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 31. MEXICO AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 32. MEXICO AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 33. MEXICO AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 34. UNITED STATES AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 35. UNITED STATES AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 36. UNITED STATES AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 37. UNITED STATES AUTOMOTIVE BELTS MARKET SIZE, BY STATE, 2018-2030 (USD MILLION)
• TABLE 38. ASIA-PACIFIC AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 39. ASIA-PACIFIC AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 40. ASIA-PACIFIC AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 41. ASIA-PACIFIC AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
• TABLE 42. AUSTRALIA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 43. AUSTRALIA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 44. AUSTRALIA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 45. CHINA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 46. CHINA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 47. CHINA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 48. INDIA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 49. INDIA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 50. INDIA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 51. INDONESIA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 52. INDONESIA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 53. INDONESIA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 54. JAPAN AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 55. JAPAN AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 56. JAPAN AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 57. MALAYSIA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 58. MALAYSIA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 59. MALAYSIA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 60. PHILIPPINES AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 61. PHILIPPINES AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 62. PHILIPPINES AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 63. SINGAPORE AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 64. SINGAPORE AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 65. SINGAPORE AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 66. SOUTH KOREA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 67. SOUTH KOREA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 68. SOUTH KOREA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 69. TAIWAN AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 70. TAIWAN AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 71. TAIWAN AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 72. THAILAND AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 73. THAILAND AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 74. THAILAND AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 75. VIETNAM AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 76. VIETNAM AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 77. VIETNAM AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 78. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 79. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 80. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 81. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
• TABLE 82. DENMARK AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 83. DENMARK AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 84. DENMARK AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 85. EGYPT AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 86. EGYPT AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 87. EGYPT AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 88. FINLAND AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 89. FINLAND AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 90. FINLAND AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 91. FRANCE AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 92. FRANCE AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 93. FRANCE AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 94. GERMANY AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 95. GERMANY AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 96. GERMANY AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 97. ISRAEL AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 98. ISRAEL AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 99. ISRAEL AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 100. ITALY AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 101. ITALY AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 102. ITALY AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 103. NETHERLANDS AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 104. NETHERLANDS AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 105. NETHERLANDS AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 106. NIGERIA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 107. NIGERIA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 108. NIGERIA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 109. NORWAY AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 110. NORWAY AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 111. NORWAY AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 112. POLAND AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 113. POLAND AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 114. POLAND AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 115. QATAR AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 116. QATAR AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 117. QATAR AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 118. RUSSIA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 119. RUSSIA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 120. RUSSIA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 121. SAUDI ARABIA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 122. SAUDI ARABIA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 123. SAUDI ARABIA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 124. SOUTH AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 125. SOUTH AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 126. SOUTH AFRICA AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 127. SPAIN AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 128. SPAIN AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 129. SPAIN AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 130. SWEDEN AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 131. SWEDEN AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 132. SWEDEN AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 133. SWITZERLAND AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 134. SWITZERLAND AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 135. SWITZERLAND AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 136. TURKEY AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 137. TURKEY AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 138. TURKEY AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 139. UNITED ARAB EMIRATES AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 140. UNITED ARAB EMIRATES AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 141. UNITED ARAB EMIRATES AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 142. UNITED KINGDOM AUTOMOTIVE BELTS MARKET SIZE, BY MATERIAL, 2018-2030 (USD MILLION)
• TABLE 143. UNITED KINGDOM AUTOMOTIVE BELTS MARKET SIZE, BY FUNCTIONALITY, 2018-2030 (USD MILLION)
• TABLE 144. UNITED KINGDOM AUTOMOTIVE BELTS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
• TABLE 145. AUTOMOTIVE BELTS MARKET SHARE, BY KEY PLAYER, 2023
• TABLE 146. AUTOMOTIVE BELTS MARKET, FPNV POSITIONING MATRIX, 2023

The Automotive Belts Market was valued at USD 17.01 billion in 2023, expected to reach USD 18.06 billion in 2024, and is projected to grow at a CAGR of 6.52%, to USD 26.48 billion by 2030.

The automotive belts market, encompassing drive belts, timing belts, and accessory belts, plays a critical role in vehicle engine operation, energy distribution, and overall vehicle maintenance. These belts are essential for transmitting mechanical power to various engine components, such as alternators, water pumps, and air conditioning compressors, ensuring the optimal function of the automobile. The increasing automotive production globally, rising demand for fuel-efficient vehicles, and continuous technological advancements drive the market. Significant growth is influenced by the shift towards electric and hybrid vehicles, where belt manufacturers must innovate to accommodate new technologies and materials that offer improved performance and longevity. Opportunities exist in the development of advanced belt materials, such as high-temperature rubber and synthetic fibers, to enhance durability and efficiency. Moreover, with the growing trend of lightweight vehicles, demand is rising for belts that contribute to overall vehicle weight reduction without compromising functionality. However, market growth faces challenges from the volatility of raw material prices and the emergence of beltless engines, which reduce reliance on traditional belts. Additionally, the surge in electric vehicles, which often require fewer belts than internal combustion engine vehicles, also poses a potential limitation. Innovation could focus on developing intelligent belt systems integrated with IoT for real-time monitoring, predictive maintenance solutions, and enhanced vehicle performance analytics. The market remains dynamic, driven by regulatory requirements for emission reductions and energy efficiency, pushing manufacturers to continuously evolve. Businesses should leverage industry partnerships and R&D investments to identify and harness these innovation opportunities. Staying ahead with technology trends and regulatory developments will ensure market relevance and sustain growth in a competitive landscape keenly attuned to technological and economic shifts.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automotive Belts Market

The Automotive Belts Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Rising production of automotive vehicles worldwide
  • Growing aftermarket sales propelled by the rising vehicle age
• Market Restraints
  • High cost of development of automotive belts
• Market Opportunities
  • Advancements in belt technology provide longer lifespans and better performance
  • High potential of composite belts in commercial vehicles
• Market Challenges
  • Rising shift towards beltless technologies in some engine designs

Porter's Five Forces: A Strategic Tool for Navigating the Automotive Belts Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automotive Belts Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automotive Belts Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automotive Belts Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automotive Belts Market

A detailed market share analysis in the Automotive Belts Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automotive Belts Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automotive Belts Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Automotive Belts Market

A strategic analysis of the Automotive Belts Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Automotive Belts Market, highlighting leading vendors and their innovative profiles. These include Aisin Seiki Co., Ltd., Bando Chemical Industries, Ltd., BorgWarner Inc., Carlisle Companies Inc., Continental AG, ContiTech AG, CRP Industries Inc., Dayco Aftermarket Holding BV, Dayco Products, LLC, Federal-Mogul LLC, Fenner PLC, Gates Corporation, Gates Unitta Asia Co., Ltd., Goodyear Tire & Rubber Company, Hutchinson SA, Megadyne America LLC, Megadyne Group, Mitsuba Corporation, Mitsuboshi Belting Ltd., NTN Corporation, Optibelt GmbH, Optibelt Power Transmission Group GmbH, PIX Transmissions Ltd., Schaeffler AG, SKF Group, Sumitomo Rubber Industries, Ltd., The Carlstar Group LLC, and The Timken Company.

Market Segmentation & Coverage

This research report categorizes the Automotive Belts Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Material, market is studied across Composite Belts, Rubber Belts, and Synthetic Belts.
• Based on Functionality, market is studied across Serpentine Belts, Timing Belts/ Camshaft Belts, and V-Belts/ Fan Belts.
• Based on Application, market is studied across Commercial Vehicles and Passenger Vehicles.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Rising production of automotive vehicles worldwide
    • 5.1.1.2. Growing aftermarket sales propelled by the rising vehicle age
  • 5.1.2. Restraints
    • 5.1.2.1. High cost of development of automotive belts
  • 5.1.3. Opportunities
    • 5.1.3.1. Advancements in belt technology provide longer lifespans and better performance
    • 5.1.3.2. High potential of composite belts in commercial vehicles
  • 5.1.4. Challenges
    • 5.1.4.1. Rising shift towards beltless technologies in some engine designs
• 5.2. Market Segmentation Analysis
  • 5.2.1. Material: Growing usage of composite belts that offer unparalleled tensile strength and durability
  • 5.2.2. Application: High potential of automotive belts in commercial vehicles to withstand the heavy-duty use and longer operation hours
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Automotive Belts Market, by Material

• 6.1. Introduction
• 6.2. Composite Belts
• 6.3. Rubber Belts
• 6.4. Synthetic Belts

7. Automotive Belts Market, by Functionality

• 7.1. Introduction
• 7.2. Serpentine Belts
• 7.3. Timing Belts/ Camshaft Belts
• 7.4. V-Belts/ Fan Belts

8. Automotive Belts Market, by Application

• 8.1. Introduction
• 8.2. Commercial Vehicles
• 8.3. Passenger Vehicles

9. Americas Automotive Belts Market

• 9.1. Introduction
• 9.2. Argentina
• 9.3. Brazil
• 9.4. Canada
• 9.5. Mexico
• 9.6. United States

10. Asia-Pacific Automotive Belts Market

• 10.1. Introduction
• 10.2. Australia
• 10.3. China
• 10.4. India
• 10.5. Indonesia
• 10.6. Japan
• 10.7. Malaysia
• 10.8. Philippines
• 10.9. Singapore
• 10.10. South Korea
• 10.11. Taiwan
• 10.12. Thailand
• 10.13. Vietnam

11. Europe, Middle East & Africa Automotive Belts Market

• 11.1. Introduction
• 11.2. Denmark
• 11.3. Egypt
• 11.4. Finland
• 11.5. France
• 11.6. Germany
• 11.7. Israel
• 11.8. Italy
• 11.9. Netherlands
• 11.10. Nigeria
• 11.11. Norway
• 11.12. Poland
• 11.13. Qatar
• 11.14. Russia
• 11.15. Saudi Arabia
• 11.16. South Africa
• 11.17. Spain
• 11.18. Sweden
• 11.19. Switzerland
• 11.20. Turkey
• 11.21. United Arab Emirates
• 11.22. United Kingdom

12. Competitive Landscape

• 12.1. Market Share Analysis, 2023
• 12.2. FPNV Positioning Matrix, 2023
• 12.3. Competitive Scenario Analysis
  • 12.3.1. Gates Launches New G-Force WorkHorse CVT Belt for Off-road Vehicles
  • 12.3.2. NTN Develops "Twin Arm Auto Tensioner for Accessory Drive Belt System
  • 12.3.3. Continental Delivers a New Generation of Endless PU Timing Belts Onto The Market
• 12.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Aisin Seiki Co., Ltd.
• 2. Bando Chemical Industries, Ltd.
• 3. BorgWarner Inc.
• 4. Carlisle Companies Inc.
• 5. Continental AG
• 6. ContiTech AG
• 7. CRP Industries Inc.
• 8. Dayco Aftermarket Holding BV
• 9. Dayco Products, LLC
• 10. Federal-Mogul LLC
• 11. Fenner PLC
• 12. Gates Corporation
• 13. Gates Unitta Asia Co., Ltd.
• 14. Goodyear Tire & Rubber Company
• 15. Hutchinson SA
• 16. Megadyne America LLC
• 17. Megadyne Group
• 18. Mitsuba Corporation
• 19. Mitsuboshi Belting Ltd.
• 20. NTN Corporation
• 21. Optibelt GmbH
• 22. Optibelt Power Transmission Group GmbH
• 23. PIX Transmissions Ltd.
• 24. Schaeffler AG
• 25. SKF Group
• 26. Sumitomo Rubber Industries, Ltd.
• 27. The Carlstar Group LLC
• 28. The Timken Company