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Automotive Tensioner Market Size By Product Type (Idler Pulley and Automatic Belt Tensioner), By Vehicle Type (Commercial Vehicle, and Passenger Vehicle), Regions, Segmentation, and Projection till 2030

CAGR: 5%Current Market Size: USD 2 BillionFastest Growing Region: Europe

Largest Market: APACProjection Time: 2023-2030Base Year: 2022

Global Automotive Tensioner Market- Market Overview:

The global automotive tensioner market is expected to grow from USD 2 billion in 2022 to USD 2.95 billion by 2030, at a CAGR of 5% during the Projection period 2023-2030. The growth of the automotive tensioner market is mainly driven owing to the increasing demand for light weight automobiles.

The purpose of the automotive tensioner is to exert force or create tension on the engine belt. When using a hydraulic tensioner, the force applied to an engine belt may be parallel to the tension in the belt, or it may be perpendicular when using a spring-loaded chain drive tensioner. Since the 1980s, automobile engines have frequently employed automotive tensioners to lessen the noise produced by the timing belts that power the camshafts. Additionally, the automotive tensioner is employed to increase the belt's resilience when driving the camshaft. The Ford Motor Company introduced the first automotive tensioner in 1986 with the Mercury Sable. It is frequently used in vehicle engines to increase durability and lower timing belt noise. The demand for smaller engines and greater reliability has grown over the last few years. Additionally, as worry over global warming has grown, manufacturers have created fuel-saving technology. Timing belt, timing chain, and auxiliaries drive belt automotive tensioners are just a few of the many varieties of automotive tensioners that are offered on the market. The automotive tensioner market is predicted to grow as the need for lightweight automobiles rises around the world in order to improve fuel economy. Globally rising passenger vehicle production and sales are anticipated to significantly increase demand for automotive tensioners, which will in turn propel the automotive tensioner market. The need for lighter and more compact automobile tensioners is anticipated to increase as environmental awareness and the development of technology to save fuel consumption increase.

Sample Request: - Global Automotive Tensioner Market

Market Dynamics:

Drivers:                          

  • Rising Demand for Lightweight Vehicle

The desire for lightweight vehicles has increased in recent years, which is projected to significantly increase demand for automotive tensioners. Lightweight vehicles are predicted to enhance vehicle fuel economy throughout the world. Additionally, the development of fuel-saving technology and growing awareness of environmental issues such as global warming would certainly increase demand for automotive tensioners. Therefore, one of the key factors anticipated to fuel the growth of the worldwide automotive tensioner market during the Projection period is the increased need for lighter and more compact automobile tensioners.

Restraints:                                             

  • Few Disadvantages

Error risks are considerable with mechanical tensioner pulleys. Over the course of the Projection period, it is anticipated that this will be a factor limiting the growth of the automotive tensioner market. Additionally, the belt may break or jump teeth as a result of tensioner problems.

Opportunities:

  • The rise in Automotive Industries

A rise in the desire for lightweight automobiles to maximise fuel efficiency is anticipated to be positive for the automotive tensioner industry. The need for automotive tensioners is anticipated to significantly increase due to increased production and sales of passenger automobiles around the world, which is anticipated to drive the global market. The demand for lighter and more compact automotive tensioners is projected to be driven by rising environmental awareness, the development of fuel-saving technology, and other environmental issues. Laws aimed at lowering fuel use and emissions have been passed in a number of nations. As a result, several automakers are creating technologies with low fuel consumption to help lower CO2 emissions and provide energy-saving techniques.

Challenges:

  • Mechanical Tensioner

Mechanical tensioner pulleys provide a lot of potential for errors. Additionally, a faulty tensioner might cause the belt to snap or jump teeth. Over the course of the Projection period, it is anticipated that this will be a factor limiting the growth of the automotive tensioner market.

Segmentation Analysis:

The global automotive tensioner market has been segmented based on product type, vehicle type and region.

By Product Type

The product type segment is idler pulley and automatic belt tensioner. The automatic belt tensioner segment led the largest share of the automotive tensioner market with a market share of around 60% in 2022. The automatic tensioners prevents routine drive tensioning and reduces the risk of drive component overtensioning. The industry is also anticipated to benefit from a rise in the adoption of automated tensioners, which retract a belt when it is opened, in various vehicle systems, including seat belts. Particularly in diesel cars, belt-driven systems are becoming more and more preferred over other technologies. As a result, it is anticipated that the automatic belt tensioner market would expand globally over the Projection period. Governments are focusing more on supporting electric vehicles, which is probably going to impede the segment's growth.

By Vehicle Type

The vehicle type segment is commercial vehicle and passenger vehicle. Passenger vehicle led the largest share of the automotive tensioner market with a market share of around 65% in 2022. Because fewer passenger vehicle are produced than commercial vehicles. Around 1.9 million passenger cars were produced by the US auto industry in 2020, a decline of more than 23% from 2019. In 2020, there were 55.8 million passenger cars made worldwide. With nearly 20 million vehicles sold, China was the largest regional market for automobiles in the world in 2020.

Global Automotive Tensioner Market- Sales Analysis.

The sale of automotive tensioner market expanded at a CAGR of 4.1% from 2016 to 2022.

An automotive tensioner is a tool that exerts pressure to tighten the chain or belt that is used in the vehicle's drive. This mechanism distributes the rotation of the crankshaft to the camshaft and accessory drive belts while maintaining the correct tension on the timing chain or belt at all times. It is widely used in automotive engines to reduce timing belt noise and increase engine toughness. One of the key factors recognised for the growth of the automotive tensioner market globally is the increasing production of cars in both emerging and developed economies. As an illustration, the International Organization of Motor Vehicle Production estimates that 95 million automobiles were produced globally in 2016 and 97 million in 2017.

As a result, there are more cars on the road, which is driving up demand for automotive tensioners, during the Projection period. The automotive tensioner market is anticipated to grow globally as demand for lightweight automobiles rises in an effort to boost fuel efficiency of the vehicle. Additionally, the increased production and sales of passenger vehicles are predicted to significantly increase demand for automotive tensioners globally, which is anticipated to fuel the expansion of the automotive tensioner market globally.

Thus, owing to the aforementioned factors, the global automotive tensioner market is expected to grow at a CAGR of 5% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the automotive tensioner market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the automotive tensioner market and held a 38% share of the market revenue in 2022.

  • The Asia Pacific region witnessed a major share. Alibaba, a well-known player in the e-commerce industry, has made Chinese tensioners available all over the world. Due to the use of e-commerce, the majority of businesses have been able to enter the Chinese and Asian markets. Additionally, businesses from the Americas and EMEA may simply promote their wide range of available products to boost sales. Since OEMs in Asia have fewer suppliers and merchants, the expansion of e-commerce is anticipated to benefit their product sales and give them a competitive advantage.
  • Europe is anticipated to experience significant growth during the Projection period. Europe is home to many significant Tier-1 suppliers and original equipment manufacturers, including Continental AG and Muhr und Bender KG. The two leading companies with significant research and development resources for vehicle tensioners are Continental AG and Muhr und Bender KG. As a result, during the Projection period, the automotive tensioner market in Europe is anticipated to expand.

Global Automotive Tensioner Market- Country Analysis:

  • Germany

Germany's automotive tensioner market size was valued at USD 0.168 billion in 2022 and is expected to reach USD 0.211 billion by 2030, at a CAGR of 2.9% from 2023 to 2030. Due to the adoption of strict regulations on car emission standards and the significant presence of the automotive sector in this region.

  • China

China’s automotive tensioner market size was valued at USD 0.304 billion in 2022 and is expected to reach USD 0.416 billion by 2030, at a CAGR of 4.0% from 2022 to 2030. Due to a rise in regional vehicle production and sales. There are strict laws and guidelines in place regulating emission standards, notably in China.

  • India

India's automotive tensioner market size was valued at USD 0.258 billion in 2022 and is expected to reach USD 0.337 billion by 2030, at a CAGR of 3.4% from 2022 to 2030. This is a result of an increase in automobile production in developing nations like India.

Key Industry Players Analysis:

To increase their market position in the global automotive tensioner market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.   

  • Mubea Aftermarket Services GmbH
  • Zhejiang Renchi Auto Parts Co., Ltd.
  • Taizhou GEDLBT Machinery Manufacturing Co. Ltd.
  • Gambo Industry Co. Ltd.
  • Guangzhou Kafu Engeering Machinery Parts Co. Ltd.
  • Gaoyao Jinxing Road Hongtong Hardware Factory
  • Capitol Stampings Corp.
  • ABA Automotive
  • Alt America Inc.
  • Continental AG
  • C R Products Ltd.
  • Dayco Products
  • GMB Corporation
  • NTN Corporation
  • The Gates Corporation

Latest Development:

  • In May 2021, saw the acquisition of IMA Dresden by Applus, a leading testing facility in Europe with a reputation for excellence. It is a well-diversified structural and materials testing facility that leads most of its key markets, including rail, aerospace & defence, wind power, building products, medical devices, and automotive.
  • In April 2021,- DEKRA stated that it has been listed as an MFi Authorized Test Laboratory to provide specific CarPlay certification testing, pre-testing, and consultation services for automakers, telecommunications companies, and makers of infotainment systems that are MFi programme licensees. The MFi Program offers third-party hardware accessories that connect electronically to more than 1.5 billion active Apple devices worldwide using Apple's MFi licenced technology.

Report Metrics

Report Attribute 

Details

Study Period

2022-2030

Base year

2022

CAGR (%)

5%

Market Size

2 billion in 2022

Projection period

2023-2030

Projection unit

Value (USD)

Segments covered

By Product Type, By Vehicle Type, and By Region.

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

Mubea Aftermarket Services GmbH, Zhejiang Renchi Auto Parts Co., Ltd., Taizhou GEDLBT Machinery Manufacturing Co. Ltd., Gambo Industry Co. Ltd., Guangzhou Kafu Engeering Machinery Parts Co. Ltd., Gaoyao Jinxing Road Hongtong Hardware Factory, Capitol Stampings Corp., ABA Automotive, Alt America Inc., Continental AG, C R Products Ltd., Dayco Products, GMB Corporation, NTN Corporation, and The Gates Corporation.

By Product Type

  • Idler Pulley
  • Automatic Belt Tensioner        

By Vehicle Type

  • Commercial Vehicle
  • Passenger Vehicle        

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global Automotive Tensioner Market  By Product Type:

  • Idler Pulley
  • Automatic Belt Tensioner

Global Automotive Tensioner Market By Vehicle Type:

  • Commercial Vehicle
  • Passenger Vehicle

Global Automotive Tensioner Market  By Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

What will be the expected market size of the automotive tensioner market in 2030?

Global automotive tensioner market is expected to reach USD 2.95 billion by 2030.

What are the key factors for the growth of the automotive tensioner market?

The primary driver anticipated to propel the growth of the automotive tensioner market during the Projection period would be the expanding automotive sector, both in developed and emerging economies. Additionally, because it consistently maintains the appropriate tension, an automobile tensioner lengthens the life of the belt.

What is the vehicle type segment of the automotive tensioner market?

Based on the vehicle type, the automotive tensioner market is segmented into commercial vehicle and passenger vehicle.

What is the CAGR of the automotive tensioner market?

The automotive tensioner market is projected to have a CAGR of 5%.

Which are the leading market players active in the automotive tensioner market?

Leading market players active in the global automotive tensioner market are Zhejiang Renchi Auto Parts Co., Ltd., Gambo Industry Co. Ltd., Mubea Aftermarket Services GmbH, Guangzhou Kafu Engeering Machinery Parts Co. Ltd, Capitol Stampings Corp., ABA Automotive, Alt America Inc., Continental AG, C R Products Ltd., Gaoyao Jinxing Road Hongtong Hardware Factory, Taizhou GEDLBT Machinery Manufacturing Co. Ltd., Dayco Products, GMB Corporation, NTN Corporation, The Gates Corporation among other.