PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1486787
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1486787
Damper Pulley Market Assessment, By Type [Metal, Nylon, Others], By Application [Automotive, Machinery, Transportation, Others], By Region, Opportunities and Forecast, 2017-2031F
Global damper pulley market is projected to witness a CAGR of 4.71% during the forecast period 2024-2031, growing from USD 3.51 billion in 2023 to USD 5.07 billion in 2031. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.
A damper pulley, referred to as a harmonic balancer, is integral to the crankshaft system of an engine, tasked with mitigating vibrations by absorbing and dispersing them. Its primary role is safeguarding other engine components from potential damage, thus promoting engine longevity and smooth performance. Moreover, it contributes to sustaining optimal belt tension, which is crucial for effectively operating accessories, such as the alternator and water pump.
The damper pulley market is experiencing growth due to increased demand for fuel-efficient vehicles. This is propelled by stricter emissions regulations worldwide. Moreover, advancements in engine technology are driving the need for more sophisticated damper pulleys. Additionally, expanding automotive production in emerging markets contributes to the market's growth.
The primary driving factor for the damper pulley market is the increasing need for fuel-efficient vehicles, which requires smoother engine operation to enhance effectiveness. This demand is intensified by tightening global emissions regulations, which are compelling automotive manufacturers to integrate advanced crankshaft systems with high-performance damper pulleys.
For instance, in February 2024, Hybrid cars represented the future of eco-friendly driving, meeting the increasing need for fuel-efficient vehicles. Combining gasoline engines with electric motors offers a greener option, evolving alongside advancing technology. With features like regenerative braking and a blend of power sources, hybrids cater to urban driving demands efficiently.
Increasing Demand for Improving Engine Efficiency
The increasing need for heightened engine efficiency drives expansion in the damper pulley market. These components are essential for mitigating vibrations and optimizing power transmission within engines, thereby enhancing overall functionality. Amid a concerted effort to enhance fuel economy and mitigate emissions, automotive firms are allocating greater resources toward innovative damper pulley solutions. This heightened demand underscores the industry's dedication to meeting rigorous regulatory requirements and providing superior driving experiences. Consequently, the damper pulley market is positioned for continuous growth in alignment with evolving automotive dynamics.
For example, in July 2023, the performance damper was reintroduced for VW/Audi VR-6, 12, and 24V engines, reflecting the increasing demand for enhancing engine efficiency, especially in high horsepower and racing applications.
Increasing Vehicle Electrification Fueling the Damper Pulley Market
The surge in vehicle electrification is driving growth in the damper pulley market. These essential components, critical for vibration management and power optimization, maintain their significance in electric vehicles. With the rapid uptake of electric propulsion, there is an increasing need for advanced damper pulley solutions. This trend highlights the enduring importance of damper pulleys in shaping automotive technology. As vehicle electrification advances, the damper pulley market is poised for continuous expansion.
For example,, in 2023, according to IEA, the global electric car sales increased by 14% y-o-y in 2023, reaching 40 million units. Thus, owing to increasing penetration of electric vehicles, the demand for electric vehicle compatible damper pulley is expected to drive up the market growth.
Nylon Pulleys Are Poised to Enhance Market Presence
The introduction of nylon pulleys is poised to transform the damper pulley market, providing businesses with lightweight, resilient, and economically viable options. Their exceptional performance features, such as corrosion resistance and effective vibration dampening, appeal greatly to automotive industry stakeholders. Nylon pulleys are anticipated to gain substantial market traction, driven by their capacity to enhance operational efficiency and minimize maintenance needs.
For instance, in December 2022, Dayco Incorporated announced the commencement of production and shipment of the first batch of premium viscous dampers from its facility in Manesar, India, to the world's largest heavy-duty engine manufacturers. In December 2021, Dayco Incorporated launched its state-of-the-art nylon viscous damper production line in India with the aim of serving leading brands in commercial vehicle, off-highway, and light-duty segments globally.
Thus, Nylon pulleys, with their exceptional wear resistance, longevity, and low coefficient of friction, offer a significant advancement in pulley technology. Their durability surpasses that of metal alternatives, boasting wear resistance 3-7 times greater than stainless steel and carbon steel. Moreover, their self-lubricating properties and resistance to adhesion make them ideal for diverse applications, especially in material transportation, where issues like adhesion and blockage commonly occur.
Asia-Pacific Dominates the Damper Pulley Market
Asia-Pacific is exerting its dominance in the damper pulley market propelled by its thriving automotive sector and escalating vehicle manufacturing activities. Key drivers of this leadership position include growing demand for both passenger and commercial vehicles bolstered by the region's manufacturing capabilities. With a substantial concentration of automotive industry players and suppliers, Asia-Pacific firmly establishes itself as a dominant force in the global damper pulley market owing to production hubs in China, South Korea, and India.
For instance, in 2022, China became the world's second-largest automobile exporter. The industry continues to show robust growth in 2023, seeing a year-on-year growth of 11.6% in production and 12% in sales. With a broad global reach, Chinese automobiles are now exported to over 200 countries and regions.
Future Market Scenario (2024-2031F)
Increasing demand for lightweight and durable materials drive innovation in damper pulley designs.
Integration of smart technologies for real-time monitoring and performance optimization in damper pulleys.
Growing emphasis on fuel efficiency leads to the adoption of advanced damper pulley systems in automotive and industrial sectors.
The expansion of the electric vehicle market stimulates the demand for specialized damper pulleys to enhance motor efficiency.
Rising environmental regulations push manufacturers to develop eco-friendly materials and designs for damper pulleys.
Key Players Landscape and Outlook
Key participants in the damper pulley market include Breda Lorett SRL, Dayco Incorporated, FUKOKU Co., Ltd., Gates Corporation, GT Automotive. Moreover, companies are expanding their presence in developing countries with huge growth potential.
For instance, in 2021, Fukoku America, a subsidiary of FUKOKU Co., Ltd. based in Japan, announced the completion of setting up a new production plant worth an investment of USD 3 million. The company added new machines at its Laurens, South Carolina facility. The expansion is in response to growing demand for their products. Fukoku America is a Tier 2 supplier and manufactures four product lines, including plastic constant velocity joint boots, damper pulley, plastic steering column boots, rubber brake booster diaphragms, and rubber radiator seals. The company also operates a warehouse to distribute products to other Fukoku plants and customers in the United States.
Table of Contents
1.Research Methodology
2.Project Scope & Definitions
3.Executive Summary
4.Voice of Customer
- 4.1.Mode of Brand Awareness
- 4.2.Factors Considered in Purchase Decisions
- 4.2.1.Features and Other Value-Added Service
- 4.2.2.Efficiency of Product
- 4.2.3.After-Sales Support
- 4.3.Consideration of Privacy and Safety Regulations
5.Global Damper Pulley Market Outlook, 2017-2031F
- 5.1.Market Size & Forecast
- 5.1.1.By Value
- 5.2.By Type
- 5.2.1.Metal
- 5.2.2.Nylon
- 5.2.3.Others
- 5.3.By Application
- 5.3.1.Automotive
- 5.3.2.Machinery
- 5.3.3.Transportation
- 5.3.4.Others
- 5.4.By Region
- 5.4.1.North America
- 5.4.2.Europe
- 5.4.3.Asia-Pacific
- 5.4.4.South America
- 5.4.5.Middle East and Africa
- 5.5.By Company Market Share (%), 2023
6.Global Damper Pulley Market Outlook, By Region, 2017-2031F
- 6.1.North America*
- 6.1.1.Market Size & Forecast
- 6.1.1.1.By Value
- 6.1.2.By Type
- 6.1.2.1.Metal
- 6.1.2.2.Nylon
- 6.1.2.3.Others
- 6.1.3.By Application
- 6.1.3.1.Automotive
- 6.1.3.2.Machinery
- 6.1.3.3.Transportation
- 6.1.3.4.Others
- 6.1.4.United States*
- 6.1.4.1.Market Size & Forecast
- 6.1.4.1.1.By Value
- 6.1.4.2.By Type
- 6.1.4.2.1.Metal
- 6.1.4.2.2.Nylon
- 6.1.4.2.3.Others
- 6.1.4.3.By Application
- 6.1.4.3.1.Automotive
- 6.1.4.3.2.Machinery
- 6.1.4.3.3.Transportation
- 6.1.4.3.4.Others
- 6.1.4.1.Market Size & Forecast
- 6.1.5.Canada
- 6.1.6.Mexico
- 6.1.1.Market Size & Forecast
All segments will be provided for all regions and countries covered
- 6.2.Europe
- 6.2.1.Germany
- 6.2.2.France
- 6.2.3.Italy
- 6.2.4.United Kingdom
- 6.2.5.Russia
- 6.2.6.Netherlands
- 6.2.7.Spain
- 6.2.8.Turkey
- 6.2.9.Poland
- 6.3.Asia-Pacific
- 6.3.1.India
- 6.3.2.China
- 6.3.3.Japan
- 6.3.4.Australia
- 6.3.5.Vietnam
- 6.3.6.South Korea
- 6.3.7.Indonesia
- 6.3.8.Philippines
- 6.4.South America
- 6.4.1.Brazil
- 6.4.2.Argentina
- 6.5.Middle East and Africa
- 6.5.1.Saudi Arabia
- 6.5.2.UAE
- 6.5.3.South Africa
7.Market Mapping, 2023
- 7.1.By Type
- 7.2.By Application
- 7.3.By Region
8.Macro Environment and Industry Structure
- 8.1.Demand Supply Analysis
- 8.2.Import Export Analysis
- 8.3.Value Chain Analysis
- 8.4.PESTEL Analysis
- 8.4.1.Political Factors
- 8.4.2.Economic System
- 8.4.3.Social Implications
- 8.4.4.Technological Advancements
- 8.4.5.Environmental Impacts
- 8.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
- 8.5.Porter's Five Forces Analysis
- 8.5.1.Supplier Power
- 8.5.2.Buyer Power
- 8.5.3.Substitution Threat
- 8.5.4.Threat From New Entrant
- 8.5.5.Competitive Rivalry
9.Market Dynamics
- 9.1.Growth Drivers
- 9.2.Growth Inhibitors (Challenges and Restraints)
10.Key Players Landscape
- 10.1.Competition Matrix of Top Five Market Leaders
- 10.2.Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
- 10.3.Mergers and Acquisitions/Joint Ventures (If Applicable)
- 10.4.SWOT Analysis (For Five Market Players)
- 10.5.Patent Analysis (If Applicable)
11.Case Studies
12.Pricing Analysis
13.Key Players Outlook
- 13.1.Breda Lorett SRL
- 13.1.1.Company Details
- 13.1.2.Key Management Personnel
- 13.1.3.Products and Services
- 13.1.4.Financials (As reported)
- 13.1.5.Key Market Focus and Geographical Presence
- 13.1.6.Recent Developments
- 13.2.EVGA Corporation
- 13.3.Dayco Incorporated
- 13.4.FUKOKU Co., Ltd.
- 13.5.Gates Corporation
- 13.6.GT Automotive
- 13.7.JTEKT Corporation
- 13.8.Ningbo VET Energy Technology Co., Ltd
- 13.9.Sintercom India Ltd.
- 13.10.Vibracoustic AG
- 13.11.Zhejiang Dongxing Auto Parts Co., Ltd.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
14.Strategic Recommendations
15.About Us & Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1.Global Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 2.Global Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 3.Global Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 4.Global Damper Pulley Market Share (%), By Region, 2017-2031F
- Figure 5.North America Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 6.North America Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 7.North America Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 8.North America Damper Pulley Market Share (%), By Country, 2017-2031F
- Figure 9.United States Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 10.United States Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 11.United States Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 12.Canada Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 13.Canada Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 14.Canada Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 15.Mexico Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 16.Mexico Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 17.Mexico Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 18.Europe Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 19.Europe Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 20.Europe Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 21.Europe Damper Pulley Market Share (%), By Country, 2017-2031F
- Figure 22.Germany Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 23.Germany Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 24.Germany Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 25.France Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 26.France Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 27.France Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 28.Italy Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 29.Italy Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 30.Italy Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 31.United Kingdom Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 32.United Kingdom Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 33.United Kingdom Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 34.Russia Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 35.Russia Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 36.Russia Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 37.Netherlands Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 38.Netherlands Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 39.Netherlands Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 40.Spain Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 41.Spain Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 42.Spain Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 43.Turkey Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 44.Turkey Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 45.Turkey Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 46.Poland Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 47.Poland Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 48.Poland Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 49.South America Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 50.South America Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 51.South America Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 52.South America Damper Pulley Market Share (%), By Country, 2017-2031F
- Figure 53.Brazil Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 54.Brazil Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 55.Brazil Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 56.Argentina Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 57.Argentina Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 58.Argentina Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 59.Asia-Pacific Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 60.Asia-Pacific Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 61.Asia-Pacific Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 62.Asia-Pacific Damper Pulley Market Share (%), By Country, 2017-2031F
- Figure 63.India Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 64.India Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 65.India Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 66.China Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 67.China Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 68.China Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 69.Japan Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 70.Japan Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 71.Japan Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 72.Australia Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 73.Australia Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 74.Australia Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 75.Vietnam Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 76.Vietnam Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 77.Vietnam Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 78.South Korea Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 79.South Korea Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 80.South Korea Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 81.Indonesia Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 82.Indonesia Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 83.Indonesia Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 84.Philippines Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 85.Philippines Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 86.Philippines Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 87.Middle East & Africa Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 88.Middle East & Africa Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 89.Middle East & Africa Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 90.Middle East & Africa Damper Pulley Market Share (%), By Country, 2017-2031F
- Figure 91.Saudi Arabia Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 92.Saudi Arabia Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 93.Saudi Arabia Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 94.UAE Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 95.UAE Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 96.UAE Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 97.South Africa Damper Pulley Market, By Value, In USD Billion, 2017-2031F
- Figure 98.South Africa Damper Pulley Market Share (%), By Type, 2017-2031F
- Figure 99.South Africa Damper Pulley Market Share (%), By Application, 2017-2031F
- Figure 100.By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 101.By Application Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 102.By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
