Automotive Hoses Market
Automotive Hoses Market Study by Plastic, Metal, and Rubber for Passenger Vehicles, Heavy Commercial Vehicles (HCVs), and Two Wheelers from 2023 to 2033
Analysis of Automotive Hoses Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Hoses Market Outlook (2023 to 2033)
The right choice of automotive equipment is crucial to keep the vehicle in the optimal situation. There are particular parts in a vehicle has significant functioning of various systems in the vehicle these include cooling systems, engines, and brakes. If any of these fails to perform may lead to serious incidences. These drives need for taking hose fitting seriously.
The high quality of automotive hoses is crucial to ensure the car runs smoothly and it also helps to extend the life of the vehicle. As a car’s engine can produce a lot of heat it can sometimes exceed temperatures of up to 200 degrees Fahrenheit. It’s significant to use hoses that can tolerate the aforementioned range of temperature. These hoses are made up of materials that are hard to break down in extreme temperatures.
Durability holds significance as these hoses should be durable. These can withstand a lot of wear and tear. Alongside these are meant to face harsh exposure to harsh chemicals. The rising automotive vehicle sales are anticipated to increase over the forecast period which is anticipated to give traction to hose sales.
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Why automotive hose demand is projected to rise?
The revenue in the passenger cars market is expected to cross a valuation of USD 1929.00 billion in 2023. The segment is expected to showcase a growth of 1.74% for the next 4 years 2023 to 2027. The projected market valuation for the year 2027 is USD 2067.00 billion.
This growth in automotive sales is anticipated to create demand for hoses in upcoming years. According to statistics published by the International Organization of Motor Vehicle Manufacturers (OICA). With a significant rise in the disposable income of consumers in developing countries and developments in transportation infrastructure, the automotive sector is likely to witness steady growth in the future.
The growth of the automotive industry is spurring growth in automotive parts production. As the automotive hose is an important automotive component, the rapidly expanding global vehicle parc is expected to provide a boost to the growth of the market in the future.
Rising adoption of turbochargers to fuel demand for this market
With the global automotive industry gaining momentum, turbochargers have gained popularity among commercial vehicle manufacturers. On account of the various advantages of incorporating turbochargers 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 the growth of the market in the coming future.
Recent Strategic moves by players aiming at a competitive edge.
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 than 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 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 the European country, Gates Corporation - an American player in the 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 the 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 the production footprint of the company. Meanwhile, the company invested EUR 27 million in its industrial and hydraulic hoses production facility in Odry/Czech Republic.
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Key players in the market
- Eaton Corporation Plc
- Continental AG
- United Rubber Industries (I) Pvt. Ltd.
- Gates Corporation
- United Flexible
- Semperit AG Holding
- Trelleborg AB
- RADCOFLEX Australia Pty Ltd.
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 the growth of the market.
European Union countries are major exporters of automotive at present. Historically, Japan was ranked second in terms of automotive exports in the year 2021 with approximately USD 138 billion. Among the EU 27 countries together hold 47% of the market share among automotive exports globally. This is anticipated to remain similar in the forecast period.
Emerging economies in the Asia Pacific region excluding Japan (APEJ) are likely to hold a significant share growth of the market. China and India are anticipated to create promising growth opportunities for players in the market in the foreseeable future.
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Segment wise insights
The metal tubing in hoses is widely opted for due to its high durability over the plastic variant. Longevity is key benefit offered by metal hoses. Unlike plastic hoses, metal ones can handle more stress and temperature. It often gives attractive looks owing to its stainless steel and aluminum composition. Moreover, the metal parts are 100% recyclable which has no impact on the environment.
The metal tubings are also used for several other usages such as metal sheet formation and bars. Plastic is not recyclable which is the major reason for avoiding hoses of plastic. However, rubber hoses are also majorly produced in some regions. Japan is the leading manufacturer of rubber variants in automotive hoses.
Segmentation
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By Vehicle Type :
- Passenger Vehicle
- Heavy Commercial Vehicle (HCVs)
- Light Commercial Vehicle (LCVs)
- Two Wheelers
-
By Material Type :
- Plastic Automotive Hoses
- Metal Automotive Hoses
- Rubber Automotive Hoses
-
By Applications :
- Coolant Hoses
- Turbo Charger Hoses
- Air Conditioning Hoses
- Windshield Washer Fluid Hoses
- Fuel Hoses
- Brake Hoses
-
By Sales Channels :
- Aftermarket
- Original Equipment Manufacturer (OEM)
-
By Regions :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Vehicle Type 6.2. Material Type 6.3. Applications 6.4. Sales Channels 7. Global Market Analysis and Forecast, By Vehicle Type 7.1. Passenger Vehicle 7.2. Heavy Commercial Vehicle (HCVs) 7.3. Light Commercial Vehicle (LCVs) 7.4. Two Wheelers 8. Global Market Analysis and Forecast, By Material Type 8.1. Plastic Automotive Hoses 8.2. Metal Automotive Hoses 8.3. Rubber Automotive Hoses 9. Global Market Analysis and Forecast, By Applications 9.1. Coolant Hoses 9.2. Turbo Charger Hoses 9.3. Air Conditioning Hoses 9.4. Windshield Washer Fluid Hoses 9.5. Fuel Hoses 9.6. Brake Hoses 10. Global Market Analysis and Forecast, By Sales Channels 10.1. Aftermarket 10.2. Original Equipment Manufacturer (OEM) 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. Asia Pacific 11.6. East Asia 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Vehicle Type, Material Type, Applications, and Sales Channels for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Eaton Corporation Plc 21.2. Continental AG 21.3. US$ Bned Rubber Industries (I) Pvt. Ltd. 21.4. Gates Corporation 21.5. US$ Bned Flexible 21.6. Semperit AG Holding 21.7. Trelleborg AB 21.8. RADCOFLEX Australia Pty Ltd.
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List Of Table
Table 01: Global Market US$ Bn Forecast by Region
Table 02: Global Market US$ Bn Forecast by Vehicle Type
Table 03: Global Market US$ Bn Forecast by Material Type
Table 04: Global Market US$ Bn Forecast by Applications
Table 05: Global Market US$ Bn Forecast by Sales Channels
Table 06: North America Market US$ Bn Forecast by Country
Table 07: North America Market US$ Bn Forecast by Vehicle Type
Table 08: North America Market US$ Bn Forecast by Material Type
Table 09: North America Market US$ Bn Forecast by Applications
Table 10: North America Market US$ Bn Forecast by Sales Channels
Table 11: Latin America Market US$ Bn Forecast by Country
Table 12: Latin America Market US$ Bn Forecast by Vehicle Type
Table 13: Latin America Market US$ Bn Forecast by Material Type
Table 14: Latin America Market US$ Bn Forecast by Applications
Table 15: Latin America Market US$ Bn Forecast by Sales Channels
Table 16: Western Europe Market US$ Bn Forecast by Country
Table 17: Western Europe Market US$ Bn Forecast by Vehicle Type
Table 18: Western Europe Market US$ Bn Forecast by Material Type
Table 19: Western Europe Market US$ Bn Forecast by Applications
Table 20: Western Europe Market US$ Bn Forecast by Sales Channels
Table 21: Eastern Europe Market US$ Bn Forecast by Country
Table 22: Eastern Europe Market US$ Bn Forecast by Vehicle Type
Table 23: Eastern Europe Market US$ Bn Forecast by Material Type
Table 24: Eastern Europe Market US$ Bn Forecast by Applications
Table 25: Eastern Europe Market US$ Bn Forecast by Sales Channels
Table 26: Asia Pacific Market US$ Bn Forecast by Country
Table 27: Asia Pacific Market US$ Bn Forecast by Vehicle Type
Table 28: Asia Pacific Market US$ Bn Forecast by Material Type
Table 29: Asia Pacific Market US$ Bn Forecast by Applications
Table 30: Asia Pacific Market US$ Bn Forecast by Sales Channels
Table 31: East Asia Market US$ Bn Forecast by Country
Table 32: East Asia Market US$ Bn Forecast by Vehicle Type
Table 33: East Asia Market US$ Bn Forecast by Material Type
Table 34: East Asia Market US$ Bn Forecast by Applications
Table 35: East Asia Market US$ Bn Forecast by Sales Channels
Table 36: MEA Market US$ Bn Forecast by Country
Table 37: MEA Market US$ Bn Forecast by Vehicle Type
Table 38: MEA Market US$ Bn Forecast by Material Type
Table 39: MEA Market US$ Bn Forecast by Applications
Table 40: MEA Market US$ Bn Forecast by Sales Channels
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vehicle Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Material Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Applications
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vehicle Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Material Type
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Applications
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vehicle Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Material Type
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Applications
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vehicle Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Material Type
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Applications
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vehicle Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Material Type
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Applications
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 26: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vehicle Type
Figure 27: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Material Type
Figure 28: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Applications
Figure 29: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 30: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vehicle Type
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Material Type
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Applications
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Vehicle Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Material Type
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Applications
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Where are the Most Opportunities for Players?
Asia Pacific region is expected to be the most lucrative market for industry players.
Why this Market has a Higher Growth Potential?
Increased sale of passenger cars is driving the market growth.
How much Growth will be achieved by the Market?
The market worth is likely to grow at 6.5% over the forecast years (2023-2033).
Automotive Hoses Market