PUBLISHER: Allied Market Research | PRODUCT CODE: 1472402
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472402
An automotive tensioner is a crucial component that maintains proper tension to the belt and chain to maintain synchronous operation in vehicles. Its major purpose is to keep the chain at the ideal tension by making sure that the timing is correct and avoiding problems such as excessive chain and sprocket wear, engine noise caused by chain slap, and timing chain failure, which can seriously harm the engine.
The automotive tensioner market growth is driven by a growing inclination toward lightweight vehicles. Fuel-efficient vehicles and improved performance are growing more in popularity, which is driving the demand for lightweight automobiles. Owing to limited weight, lighter cars perform more efficiently, accelerate faster and have better handling. They also need less gasoline to propel. OEMs are concentrating on lowering the weight of the components utilized in the vehicle, such as automotive tensioners, to minimize the overall weight of the vehicle. Tensioner manufacturers utilize lightweight materials, including bio-based materials, polymer composites, and alloys. The manufacturers are also utilizing optimal engineering and design to make their products lighter. Throughout the forecast time frame, it is anticipated that the market for lightweight automotive tensioners will grow as a result of the growing need for lightweight vehicles.
Additionally, strong sales growth in the SUV and luxury car segment is anticipated to drive the automotive tensioner market during the review period. Strict government laws regarding vehicle emissions have led to an upsurge in sales of automobiles. Consumers have shifted toward hybrid and alternative fuel vehicles. The government's encouragement on the purchase of hybrid and alternative fuel vehicles through tax breaks and subsidies are the major factors for the increasing consumer trend toward adopting hybrid vehicles. The growing demand for hybrid vehicles will promote technological advancements, allowing manufacturers to create more advanced automotive tensioner features, and aid in the overall growth of the market.
However, Automotive tensioners are an essential part of a vehicle because they keep the belt and chains at the ideal tension. Insufficient tension can cause the chain's belt to slip, which might lead to a breakdown of the entire vehicle or one of its components. In addition to being extremely important to the vehicle's operation, tensioners are also quite prone to wear and damage. Due to their constant exposure to heat and other environmental elements like moisture and dirt and debris, tensioner components are most vulnerable to failure. Their exposure to harsh conditions makes them very prone to component failure and requires regular upkeep to function at peak efficiency, which hinders the growth of the market.
Furthermore, in recent years, there has been growth in sales and production of automobiles from countries such as India, China, Brazil, Mexico, and others. The governments of these countries are putting pressure on the automakers to address rising greenhouse gas emissions and lower carbon emissions due to the burning of diesel fuel. These resulted in growing research and development activities in the automobile industry. Similar to this, because the region has a strong labor force, global automakers are investing here to manufacture automobiles. Over the projection period, there will be a strong increase in demand for automotive tensioners due to t growth in vehicle production in the above-mentioned countries.
Automotive tensioners have seen an increase in investment from OEM and aftermarket auto tensioner manufacturers. The market for automotive tensioners has seen a major technical breakthrough as a result of increasing expenditure in research and development. For instance, in order to make tensioners durable in extremely harsh settings, component manufacturers are primarily focused on lowering the weight of tensioners by employing materials such as carbon fiber, polymers, and alloys.
The automotive tensioner market is segmented on the basis of type, system type, vehicle type, and region. By type, the market is bifurcated into hydraulic-operated systems and damping structures. On the basis of system type, the market is analyzed into dual-arm tensioner systems, conventional belt tensioner systems, and automatic belt tensioner systems. By vehicle type, the global market is segmented into passenger cars and commercial vehicles. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key companies profiled in the report include NTN Corporation, ALT America Inc, Litens Automotive Group, Dayco Incorporated, Gates Corporation, KMC Automotive Transmission Co., Ltd, GMB Corporation, Zhejiang Renchi Auto Parts Co., Ltd., Muhr and Bender KG, and CR product limited.
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