Global automotive timing cover sales are estimated to be valued at US$ 18.8 Bn in 2022, with steady
long-term market projections, according to the latest insights by
Persistence Market Research. The report estimates the market to expand
by a value CAGR of 4.2% from 2022 to 2032. During the forecast period,
it is projected that the rising disposal income of end users and
increased demand for vehicles across the world would drive demand for
automotive timing covers.
Manufacturers are using lightweight materials to meet the demand from vehicle manufacturers for lightweight
and durable covers. This is done in response to the rising trend of
vehicle customization. For instance, the main raw materials used to
manufacture car accessories today are lightweight materials such as
high-strength steel and polycarbonate.
Key Takeaways from Market Study
- By vehicle type, the passenger vehicles segment is anticipated to witness demand growth at 3.9% CAGR by volume through 2032.
- Under material type, the metal and alloys segment is projected to expand at a CAGR of 4.2%.
- By region, East Asia is anticipated to witness substantial growth in the
automotive timing cover market. Sales of automotive timing covers in
China are expected to increase at 3.8% CAGR in terms of volume. - By sales channel, the OEMs segment is estimated to hold a prominent volume share of 65.6% in 2022.
“The market for automotive timing covers is being fueled by rising
disposable income and shifting customer preferences toward
technologically-advanced goods and appliances. Manufacturers are
developing lightweight materials to utilize in the production of
automotive timing covers in response to the necessity to develop
fuel-efficient and lightweight vehicles,” says a Persistence Market Research analyst.
Competitive Landscape
Leading manufacturers of automotive timing covers include NITTO PERFORMANCE
ENGINEERING PTY LTD, PROFORM, Spectre Performance, Holley Performance
Products INC, Cloyes, Dorman Products, Pioneer Automotive Industries,
Aisin Group, KC Auto Products (Kilkenny Castings (Harrop Casting
Technologies)), ICT Billet, COMP Cams, Moroso, and Ichiban Engineering.
To gain a competitive advantage in the industry, key manufacturers are
developing innovative automotive timing cover products. Market players
are also heavily investing in expansion, mergers, acquisitions, and
strategic partnerships to expand their global footprint.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new
market research report on the global automotive timing cover market that
contains an industry analysis of 2017–2021 and an opportunity
assessment for 2022–2032.
The report provides an in-depth analysis of the market through different segments, namely, vehicle type,
material type, sales channel, and region. The report also provides
supply and demand trends along with an overview of the parent market.
Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/market-research/automotive-timing-cover-market.asp
About Persistence Market Research – Automotive and Transportation
The Automotive and Transportation division of Persistence Market Research provides exclusive coverage and
actionable insights about the automotive and transportation industry
encompassing the automotive, aviation, shipping and marine, and railway
sectors. Market findings and competition intelligence of OEM,
aftermarket, services, and technology landscape have helped numerous
industry stakeholders’ right from automakers, component manufacturers,
channel partners, and service providers in making informed decisions and
keeping them up-to-date with market behavior.
