Gates Industrial Corporation plc Ordinary Shares (GTES)

Competitors to Gates Industrial Corporation plc Ordinary Shares (GTES)

Bando Chemical Industries, Ltd.

Bando Chemical Industries is another key player that competes with Gates in the belts and automotive components markets. Bando's focus on manufacturing rubber belts for various industries, particularly transportation and automotive, mirrors Gates’ offerings. Bando's established relationships within the Asian markets and emphasis on high-quality manufacturing processes enable it to cater to regional demands effectively. While Gates has a strong brand reputation and global reach, Bando's specialized expertise in certain niche applications does provide it with a competitive advantage in those areas.

Continental AG

Continental AG, a German multinational, competes with Gates in the automotive and industrial sectors, primarily through its technology in rubber products, hoses, and belts. While Gates specializes in power transmission and fluid delivery solutions, Continental offers an expansive range of products that integrate advanced rubber technology, sensor systems, and data analytics for automotive applications. Continental's significant investment in R&D and strong presence in both the consumer and industrial markets provide it with a technological edge, particularly in innovative automotive solutions, making it a formidable competitor.

Dayco Products, LLC

Dayco Products focuses primarily on engine products, including belts and tensioners, which are also core categories for Gates. The companies compete for market share in automotive applications, and both invest heavily in technology to improve product performance and reliability. Dayco has carved out a niche in certain automotive markets, particularly with its timing belts and tensioners, appealing to cost-conscious consumers. Although Dayco has gained recognition for its products, Gates’ extensive distribution channels and higher brand visibility tend to give it an edge in a broader segment of the market.

Parker Hannifin Corporation 

Parker Hannifin Corporation is a leader in motion and control technologies, and it competes with Gates by offering a diverse range of hydraulic and pneumatic systems, along with fluid connectors and sealing solutions. The companies find themselves in similar markets, servicing the agricultural, construction, and automotive sectors. Parker Hannifin's extensive product line and engineering capabilities often give it a competitive edge in offering customized solutions, while Gates is known for its expertise in belts and hoses. Both companies leverage strong distribution networks and technical support, but Parker's wider product capabilities can better serve integrated system needs.