Automotive Hoses Market Forecast and Trends Analysis Research Report 2018-2028

ROCKVILLE, United States, 2021-Mar-01 — /EPR Network/ —

An automotive hose is a hollow tube, used for the transfer of fluids from one automotive part to another. These flexible tubes can be manufactured using various materials, such as metal, plastic, or rubber, depending on the applications of automotive hoses. Automotive hoses are commonly used for carrying fluids, including coolants, fuel, windshield washer fluids, etc., and these applications are mainly aimed at various operations such as lubrication and cooling.

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Automotive Hoses Market Dynamics

Ever-expanding Vehicle Parc with Increased Automotive Production and Sales will Boost Market Growth

During the period 2007-2017, the global production of passenger cars increased from over 53.2 million to nearly 73.5 million, and the global sales of passenger cars increased from 51 million to 71 million, according to statistics published by the International Organization of Motor Vehicle Manufacturers (OICA). With a significant rise in disposable income of consumers in developing countries, and developments in transportation infrastructure, the automotive sector is likely to witness steady growth in the future.

Growth of the automotive industry is spurring growth in automotive parts production. As automotive hose is an important automotive component, the rapidly expanding global vehicle parc is expected to provide a boost to growth of the market in the future.

Growing Adoption of Turbochargers will Trigger Demand for Automotive Hoses

With the global automotive industry gaining momentum, turbochargers have gained their popularity among commercial vehicle manufacturers. On account of various advantages of incorporating turbocharger in vehicles, such as improved fuel efficiency, power output, and engine performance, turbocharger sales have surged in the past few years. As turbochargers are one of the leading applications of automotive hoses, a substantial rise in the production and sales of turbochargers is expected to complement growth of the automotive hoses market in the coming future.

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Automotive Hoses Market: Competitive Landscape

Anticipating the burgeoning growth of the automotive industry and profitable production of automotive parts in emerging Asian economies, the leading automaker – Continental AG announced in May, 2018 that it will soon open a new automotive hoses plant in China. The company is planning to invest around RMB 240 million, which is around 30 million Euros, for producing high-quality automotive hoses for new energy vehicles. The company also announced that it will invest more 10 million Euros (about 70 million RMB) in another plant for producing high-tech, 3D blow molded hoses to be used in high performance turbochargers.

Another leading player in the automotive hoses market – United Flexible — recently announced that it has been acquired by Smiths Group plc – a British engineering company. United Flexible has diversified its product portfolio, which also includes high temperature hybrid flexible hose assemblies, over the past few years, and now it aims to add new capabilities and expand its customer base with this acquisition.

After acquiring Rapro – a Turkish manufacturer of molded and branched automotive hoses – for expanding its business in European country, Gates Corporation – an American player in the automotive hoses market – has launched a new product line of premium hydraulic hoses with the new Gates MXT™ family of hoses. The company announced that this new product line of hoses is designed to meet demands of original equipment manufacturers from various end-use industries, including agriculture and mining.

Semperit AG Holding – a European manufacturer of automotive hoses – has announced the sale of its Italian production facility of hydraulic and industrial hoses to the Italian Matec Group. With this step, the company aims for a Group-wide complexity reduction by selling the facility that no longer meets production footprint of the company. Meanwhile, the company invested EUR 27 million in its industrial and hydraulic hoses production facility in Odry/Czech Republic.

The Fact.MR study offers a comprehensive analysis on the automotive hoses marketplace, profiling the key stakeholders across the value chain. The players profiled in the study include, Eaton Corporation Plc Continental AG United Rubber Industries (I) Pvt. Ltd. Gates Corporation United Flexible Semperit AG Holding Trelleborg AB RADCOFLEX Australia Pty Ltd.

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Automotive Hoses Market: Regional Outlook

While the automotive industry in developed countries is recovering, the escalated growth of the automotive parts industry in emerging economies has been playing an important role in growth of the automotive hoses market. Emerging economies in the Asia Pacific region excluding Japan (APEJ) are likely to hold a significant share growth of the automotive hoses market. China and India are anticipated to create promising growth opportunities for players in the automotive hoses market in the foreseeable future.

Automotive Hoses Market: Segmentation

In the Fact.MR report, the automotive hoses market has been broadly divided into four segments – vehicle types, material types, applications, and sales channels for automotive hoses.

Based on the vehicle type, the automotive hoses market has been segmented as: Passenger Vehicle Heavy Commercial Vehicle (HCVs) Light Commercial Vehicle (LCVs) Two Wheelers

Based on the material type, the automotive hoses market has been segmented as: Plastic Automotive Hoses Metal Automotive Hoses Rubber Automotive Hoses

Based on the applications of automotive hoses, the automotive hoses market has been segmented as: Coolant Hoses Turbo Charger Hoses Air Conditioning Hoses Windshield Washer Fluid Hoses Fuel Hoses Brake Hoses

Based on the sales channels for automotive hoses, the automotive hoses market has been segmented as: Aftermarket Original Equipment Manufacturer (OEM)

Automotive hoses market research report offers detailed analysis of the market as well as consists of thoughtful facts and insights along with historical data, which holds market data that is industry-evaluated and statistically backed up. The report comprises of projections that are generated with the help of suitable methodologies and a set of hypotheses. In addition, the research report delivers information and study based on market classifications such as industry, end-use and region.

Extensive Analysis of Automotive Hoses Market Research Report Covers: Segmentation of automotive hoses market Dynamics of automotive hoses market Global market sizing Demand and sale Modern trends and challenges Competitors and related competition Technological advances Value chain

Geographical Data Analysis of Automotive Hoses Market Research Report is Based On: North America Automotive Hoses Market including (Canada and U.S.) Latin America Automotive Hoses Market including (Brazil and Mexico) Eastern Europe Automotive Hoses Market including (Russia and Poland) Western Europe Automotive Hoses Market including (Spain, U.K., France, Italy and Germany) Asia Pacific Automotive Hoses Market including (New Zealand, Australia, ASEAN, India and China) Japan Automotive Hoses Market Middle East and Africa Automotive Hoses Market including (North Africa, South Africa and GCC Countries)

Automotive hoses market research report has been incorporated with first-hand information along with comprehensive analysis based on quality and quantity with the help of industry analysts. Inputs from participants and experts in the industry has also been integrated in the global report. Governing, micro and macro-economic aspects relating to parent market has been identified in the global report. Market attractiveness based on regions and segments along with qualitative impacts has also been included in the automotive hoses market research report.

Notable Topics in Automotive Hoses Market Research Report Includes: Outlook on parent market Shifting market factors in industry Wide-ranging market segmentation Forecasted, on-going and past market sizing in terms of value and volume Current industry improvements and trends Competitive landscape Product offerings and strategic plans of key players Regions and segments indicating promising growth Neutral viewpoint on the global market performance Lucrative information for global market participants for business expansion

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