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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