Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Product Overview
Automotive chain tensioners are device which are used to maintain the chain tension and also used to transfer torque consistently. Automotive chain tensioners reduce the noise and vibration, reduces the wear and tear of the chain and also enhance the life of the drive parts. The automotive chain tensioners are used to reduce the shocks incur while carrying heavy loads. Automotive chain tensioners may require adjustments and are available in various shape and sizes. It can handle extreme temperature fluctuations and are widely used in heavy machinery equipment, automobiles and bicycle.
Market Size and Forecast
The global automotive chain tensioners market is anticipated to expand at a significant CAGR during 2018-2027. It is projected to reach significant market size by 2027. The expansion of automotive sector across the globe is anticipated to propel the market growth of the automotive chain tensioners.The global automotive chain tensioners market can be segmented on the basis of product type and tensioner type. On the basis of product type, it is sub-segmented into ETS Type, TCS Type and TA Type. ETS type includes straight type chain tensioners and product with idler sprockets. TCS type includes swing type chain tensioners and product with idler sprockets. TA type includes straight type and product with plastic shoes. On the basis of tensioner type, it is sub-segmented into automatic, manual, tension ring spin and floating. Automatic tensioner type is anticipated to be the fastest growing sub-segment on the account of increasing usage of automotive chain tensioners by various OEM’s. Manual contributes the largest market share of the automotive chain tensioners on the account of increasing usage of manual chain tensioners especially in two wheelers such as bicycle and motorcycle.
By region, global automotive chain tensioners market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia-Pacific region is witnessing rapid industrialization and major OEM’s in the countries such as China and India is focusing on increasing the manufacturing of two wheelers which further increase the demand for the automotive chain tensioners during the forecast period. Moreover, Asia-Pacific region is followed by Europe on the account of expanding automotive industry. The growing demand for the two wheelers in the region is also a reason for the expansion of the market.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global automotive chain tensioners market in the following segments:
By Product Type:
By Tensioner Type:
By Region
Global automotive chain tensioners market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The increasing demand of automotive chain tensioners by OEM’s coupled with rising manufacturing of two wheelers in the developing countries such as China and India is anticipated to boost the demand for the automotive chain tensioners during the forecast period. The increasing manufacturing of commercial and passenger vehicles worldwide is an also major growth driver for the global automotive chain tensioners market. Automotive Chain Tensioners provides opportunities for the aftermarket services which have increased maintenance services of the chain tensioners during the forecast period. The various OEM’s are investing on producing automotive chain tensioner which has long life and has high quality durability with enhanced composite material.
However, the automotive chain tensioner cannot bear fluctuation of load and may suffer damage which is the major challenge to the global automotive chain tensioners market. Additionally, chain tensioner requires continuous lubrication and cannot bear harsh environmental conditions which are also anticipated to restraint the market growth.
Key Players
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