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Tensioner Pulley Market Segemented By Product type such as Automatic Belt Tensioner, Idler Pulley having Distribution channel such as Original Equipment Manufacturers, Aftermarket
The tensioner pulley is a belt mounted to either an adjustable pivot point or to a spring mechanism which is used to keep constant tension on the serpentine belt. Tensioner pulley market registers significant growth rate, owing to growing automotive industry. North America tensioner pulley market is expected to contribute for major revenue share, attributed to high demand for passenger cars across the region.
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The growth of the global tensioner pulley market is driven by growing industries such as automotive and manufacturing. Moreover, increasing demand for passenger cars fueling the global tensioner pulley market. Macroeconomic factors such as growing economy, rising disposable income, and rapid rate of industrialization also driving the global tensioner pulley market.
Increasing investment in the automotive industry is trending the global tensioner pulley market over the forecast period. The company offering tensioner pulley can increase its share in the global tensioner pulley market by increasing their investment in Asia-Pacific region, attributed to growing automotive industry across the region and relatively less cost required for the production of tensioner pulley particularly in China.
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On the basis of geographies, the global tensioner pulley market is segmented into seven regions -- North America, Western Europe, Eastern Europe, Japan, Asia-Pacific except Japan, Latin America, and the Middle East & Africa. Among the regions, North America account for a relatively high share of the global tensioner pulley market in terms of value, attributed to high demand for passenger cars across the region.
Western Europe is followed by North America in global tensioner pulley market, owing to high demand for automotive across the region. Eastern Europe and Japan also accounts for significant value share in the global tensioner pulley market, owing to high technological advancement across the regions.
The Asia-Pacific is expected to register relatively high growth rate in the global tensioner pulley market over the forecast period, owing to rapid rate of advancement in automotive industry across the region. Latin America and Middle East Africa accounts for relatively lower value share in the global tensioner pulley market, attributed to lower industrial development and economic development compared to other regions across the globe. Overall, the outlook for the global tensioner pulley market will have a positive growth over the forecast period.
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Few players in the global tensioner pulley market include Dayco Australia Pty Ltd., 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., and Brewer
