Global CVT Belt market cagr 12.9%

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CVT Belt Market Scope: Industry Analysis, Market

Size, Growth, Trends Till 2031

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CVT Belt Market Size and Growth

The CVT belt market is experiencing steady growth, driven by increasing demand in automotive applications and the rise of electric vehicles. As of 2023, the market size is projected to reach approximately $1.2 billion, reflecting a CAGR of around 5% over the next five years due to technological advancements and expanding production.

Companies Covered

(Covid 19 Impact Covered)

◍ Bosch

◍ JATCO

◍ GETRAG

◍ Chongqing Tsingshan

◍ Aisin

◍ Zhejiang Wanliyang

◍ Shaanxi Fast

◍ Honda

◍ Chery

◍ Anhui Xingrui

◍ MOBIS

◍ Continental

The CVT belt market features key players like Bosch, JATCO, and GETRAG. These companies innovate and supply high-quality CVT belts to enhance fuel efficiency and performance. Their advancements facilitate market growth by meeting rising automotive demands. Sales figures include: Bosch (~$78B), JATCO ($5.6B), and Aisin ($38B).

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Market Segmentation

By Application

Passenger Vehicles

Light Commercial Vehicles

Heavy Commercial Vehicles

By Product

Steel Belt

Plastic Belt

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Market Growth

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$ X Billion USD

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