Hydraulic Belt Tensioner Market Size, Share & Industry Analysis, By Type (V6 Engines, V8 Engines, Others), By Application Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Hydraulic systems are primarily used in applications with high loads or angular vibrations, where mechanically automated tensioners cannot deliver adequate damping or tensioner movement. Generally, hydraulic tensioner components require added engine space. The hydraulic tensioner system comprises of tensioning wheels and hydraulic actuators. The movement of the piston rod in the actuator is transferred to the tension wheel through a separate or integrated lever. The working principle of a hydraulic actuator is similar to a shock absorber, in which the spring and the oil damping function are combined to keep the wheels connected with the road surface. Also, the hydraulic tensioner has the ability to function with higher range of belt lengths as compared to the mechanical tensioners. The increase in the number of sales and production of automobiles have created high opportunities for hydraulic belt tensioners in the global market.
Key Market Driver -
Rise in the sales and production of vehicles is expected to drive the growth of the market in the forecast period.
Key Market Restraint -
Rapid adoption of electric vehicles may restrain the growth of the market during the forecast period.
Market Segmentation:
Globally, the hydraulic belt tensioner market is segmented by type, by vehicle type, and by geographic coverage. The hydraulic belt tensioner type is further segmented into V6 engine, V8 engine and others. V6 engine accounts for the major share in the global market. V6 engine consists of six cylinders with a camshaft arranged in V configuration. Majority of luxury cars are integrated with V6 engines which ultimately fuels the demand for hydraulic belt tensioner in the global market. The vehicle type is further divided into passenger cars and commercial vehicles. Passenger cars holds the largest share in the global market. The sales and production of high performance and luxury cars have increased rapidly during the past few years owing to the rising income level, improving standard of living and the increasing trend for high performance cars among young population. Moreover, the automotove manufacturers are also investing massive amount on research to adopt and develop advanced features in vehicles and deliver enhanced safety, comfort and convenience to their customers.
Key Players:
Major players operating in the global hydraulic belt tensioner market include Schaeffler AG, Gates, TOYOTA MOTOR CORPORATION, AISIN SEIKI Co., Ltd., and Dayco IP Holdings among others.
Key Insights
- New Advancements in hydraulic belt tensioner
- Number of Products, Key Countries, 2019
- New Product Launches, Key Players
Regional Analysis:
Geographically, the hydraulic belt tensioner market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest share in the global hydraulic belt tensioner market and is expected to uphold its dominance over the forecast period. Developing and developed economies such as India, China, and Japan have witnessed a rapid development in the automotive industry owing to the adoption advanced technologies, high demographic growth and rising disposable income in these countries. The hydraulic belt tensioner market is expected to observe a year-on-year growth owing to the increasing sales and production of vehicles in this region. Europe holds the second largest share in the global market owing to the presence of prominent players especially in countries such as Italy, Germany, UK, and France among others.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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