Sustainable Growth Opportunities in the Timing Belt Market
The Timing Belt Market is estimated to grow at a CAGR of 5.21% during the forecast period, to reach a market size of USD 9.22 billion by 2025. With global increase in vehicle production, especially in the passenger car segment, the demand for timing belts has grown globally. Also, owing to multiple benefits offered by timing chains as compared with belt system, several OEMs have started replacing belts with chains in many of their passenger car models.
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