Automotive Engine Pulley Market: To Receive Overwhelming Hike In Revenues By 2017 - 2025
An engine pulley is a basically a wheel that is mounted to the engine of a vehicle, mostly automobile, that drives or guides a belt. It is also known as a serpentine belt. The belt is a part of a system which powers the peripheral devices within an engine compartment including the power steering, fan of the vehicle and air conditioner. An engine pulley is frequently used in combination with a timing belt — which helps in the opening as well as closing of the engine’s valves.The engine pulley system in a vehicle usually features many pulleys that perform diverse functionalities. One pulley may be in control of powering the air conditioning unit, whereas another pulley or a set of pulleys may take care of the engine timing.
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Certain types of pulleys, known as idler pulleys, are responsible for keeping tension on the belt and aids in guiding the belt accurately through the system. Generally idler pulleys are not connected to the peripheral devices, and they are adjusted in a number of directions to regulate the tension on the belt. Adjusting the tension of the pulley need to be done very carefully in order to prevent breakage and avert dismounting of the belt.
The global automotive engine pulley market is principally driven by the growth in vehicle production owing to growing disposable income and rapid urbanization, especially in the developing nations. Furthermore, increasing demand for lightweight and efficient pulley systems that reduce the vehicle weight and improve vehicle performance for meeting rigorous government regulations including the CAFÉ standards are likely to increase the global automotive engine pulley market growth during the forecast period.
The global automotive engine pulley market can be segmented by type, type of vehicle, and geography. Automotive engine pulleys can be of two types – drive belt, and timing belt. The drive belt segment held a significant market share in the global automotive engine pulley market in 2016. Drive belts reduce engine load along with increasing fuel efficiency and available power. Moreover, these belts are easy to maintain and replace. These factors are likely to boost the segment’s growth thereby augmenting the overall growth of the automotive engine pulley market. Based on vehicle type the market can be divided into passenger car, light commercial vehicle, and heavy commercial vehicle. By volume, the passenger car segment is expected to hold a substantial share of the market, owing to the rising demand for high-quality pulleys with advanced load-carrying capacity.
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By geography, the global automotive engine pulley market can be segmented broadly into North America, Europe, Asia Pacific, Latin America and Middle east and Africa. Asia pacific held a significant market share in the global market in 2016 owing to the rising production of vehicles in Japan, and China. Asia Pacific is followed by North America and Europe, in terms of market share. The U.S. held the majority of the market for automotive engine pulleys in the North American region trailed by Mexico and Canada. The demand for automotive engine pulleys in European region is likely to be high owing to the growing demand for technologically advanced automobiles in this region.
The key players in the region are investing profoundly in research and development activities to introduce strong and durable automotive pulley systems that have reduced widths and a lengthier service life than the existing ones. For instance, some R&D activities are focusing on decreasing the breadth of the belt for incorporation of those in compact engines. The primary aim of this is to attain a reduction of width from 16 to 20 mmto 10 mm to 14 mm. Some of the major players in the global automotive engine pulley market include ContiTech, Phoenix Pulleys, Bearings & Belts, Clark Pulley Industries, Zhejiang Renchi Auto Parts Co.Ltd., Panjiva, Inc., KAVO B.V., and Kanemitsu Co. Ltd., among others.
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