Dayco Receives Innovation Award – Supplier News
Frost & Sullivan announces Dayco Products, LLC, a division of Mark IV Industries, Inc., has been awarded the 2001 Market Engineering Aftermarket Product Innovation Award for successfully introducing belt tensioners to the aftermarket, a belt drive system technology it pioneered at the OE level.
Dayco’s market leading position is rooted in the product’s patented coated flat wire spring that, because of its concentric design, provides less operating range variations in tension, reducing the risk of premature accessory failures and lessening the risk of belt squeal, slippage and poor accessory.
According to new market information from Frost & Sullivan, “North American Belts, Hoses, Gaskets, and Seals Aftermarket,” the manufacturer level revenue for automotive belts was S366 million in 2000. The factors driving the market are the increase in miles driven annually, the growing number of vehicles in operation, and the aging of the vehicle population.
“Dayco’s business model is something to be commended. The company’s tensioners continue to set the standard for product coverage, reliability and customer acceptance,” says Andrew Hamlin, Frost & Sullivan automotive research analyst.
The Frost & Sullivan Market Engineering Aftermarket Product Innovation Award is presented to companies demonstrating excellence in new products and technologies within their industry.
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