A hose is defined as a flexible hollow tube structure designed to carry fluids from one location to another. Hoses are made from one or a combination of many different materials. Based on the environment and pressure needed in the applications, materials like nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers are used. A serpentine beltis a single, continuous belt used to drive multiple peripheral devices in an automotive engine, such as an alternator, power steering pump, water pump, air conditioning compressor, air pump, etc.
Belts and hoses have the shortest lifespanamong all the equipment in a vehicle. Due to constant exposure to heat, vibration, and harmful chemicals, these components invariably crack, leak, fray, and peel.
Due to the growing production of vehicles at the global level, stringent emission regulations and norms, improvement in materials for durability of hoses, and adoption of fuel efficient technologies, the global automotive hoses market is expected to grow at a substantial growth rate in the upcoming years.
The emerging nations are in the forefront in the growth of automobile and its component industries. Their increasing growth rates, population paying as a demographic dividend, the level of innovation taking place in these nations and improving standard of living has contributed to the growth of the automobile sector.
Electrically Assisted Power Steering, an advanced technology can impact the power steering hoses market positively. Also, a significant amount of research is being carried out for the use of blended fuels in the hose market. Due to a harsher working environment, the process through which belts and hoses are made is more focused on their durability. However, the increase in the adoption of electric vehicles can act as a restraint to the growth of belts and hoses market.
The global automotive belts and hoses market can be segmented on the basis of belt type, belt application, and vehicle type.
1. Belt type:
i) Timing belt
ii) Drive belt
iv) Fuel Delivery
3. Vehicle type:
i) Passenger Cars
ii) Light Commercial Vehicles
Geographically, Asia-Oceania is the largest market for automotive belt and hose due to high demand of automobiles in the emerging economies like China and India. This would propel forward the demand for belts and hoses used in automotive applications. Also, the automotive markets in Japan and South Korea are technologically advanced and well established. The second largest market for automotive belts and hoses is North America followed by Europe. On account of rising production of automobiles in Europe, the demand for automotive hoses there would also go on increasing.
Some of the key companies in Global Automotive Belts and Hoses market are Continental AG (Germany), Toyoda Gosei Co. Ltd. (Japan), Yokohama Rubber Co., Ltd. (Japan), Sumitomo Riko Co. Ltd. (Japan), and Gates Corporation (U.S.), and Hutchinson SA (France).
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage