Automotive Timing Chain & Belt Market Revenue, Worth, Size, Segment by Type, Application, Key Companies | FMI
The global automotive timing chain & belt market size is predicted to register a CAGR of 4.5% over the forecast period, according to FMI's analysis. The industry's value is anticipated to increase from US$ 8.6 billion in 2023 to US$ 13.2 billion by 2033 end. Key Takeaways from the Automotive Timing Chain & Belt Market: China is projected to assume a high speed of market growth in the next ten years. The country is expected to register a 6.1% CAGR from 2023 to 2033 to attain US$ 4.3 billion by 2033. The United Kingdom automotive chain & belt market is slated to achieve market revenue of US$ 229.8 million by 2033. The industry is likely to exhibit a CAGR of 2.6% over the forecast period. Increasing research and innovations in the market are projected to boost market development in the country. The United States market is pegged to attain market revenue of US$ 1.5 billion by 2033. Over the course of the next ten years, the market is projected to demonstrate a