Over the past few years, the global timing belt market has witnessed moderate growth. This can be accredited to the growing automotive industry along with the introduction of variants reinforced with fiberglass.

According to the latest report by IMARC Group, the global timing belt market reached a value of US$ 6.3 Billion in 2018. A timing belt is a part of an engine that is used to create sync between the rotation of the crankshaft and camshaft. It aids in opening and closing engine valves during the intake and exhaust strokes of each cylinder.