Automotive engine belts enable engine to drive various vehicle component, which need the external input power for its functioning. A hose is a hollow tube structure considered to carry fluids in a car. Hose is made up of either rubber or plastic. Rise in manufacturing volume of commercial and passenger vehicles is expected to fuel the automotive engine belt and hose market during the forecast period. Implementation of stringent norms and regulations across the globe regarding improvement of fuel efficiency of vehicles and decrease of vehicular emissions are expected to boost the automotive engine belt and hose market in the near future.
MARKET DYNAMICS
The main factors fueling the automotive engine belt and hose market are the advancement in materials, and optimum NVH levels. Also, growing aftermarket and maintenance free drive belt are opening up better opportunities for growth of the market. The materials used for manufacturing hoses depend on pressure requirements of various applications. The need of belt and hose in automotive systems is increasing demand for fuel efficient technologies and with adoption of turbochargers.
MARKET SCOPE
The "Global Automotive Engine Belt and Hose Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive engine belt and hose market with detailed market segmentation by type, application, vehicle type, and geography. The global automotive engine belt and hose market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive engine belt and hose market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive engine belt and hose market is segmented on the basis of type, application, vehicle type. Based on type, the automotive engine belt and hose market is segmented into drive belt and timing belt. The application is further segmented into cooling/heating hose, turbocharger hoses, fuel delivery system hose, braking hose, and steering hose. On the basis of vehicle type into passenger car, light commercial vehicle, heavy commercial vehicle.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive engine belt and hose market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive engine belt and hose market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the automotive engine belt and hose market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the automotive engine belt and hose in these regions.
The reports cover key developments in the automotive engine belt and hose market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive engine belt and hose market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive engine belt and hose in the global market. Below mentioned is the list of few companies engaged in the automotive engine belt and hose market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive engine belt and hose market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bando Chemical Industries Ltd.
- Continental AG
- Cooper Standard Holdings, Inc.
- Hutchinson SA
- Nichirin Co., Ltd.
- Pinafore Holdings B.V. and Its Subsidiaries
- Schaeffler AG
- Sumitomo Riko Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Yokohama Rubber Co., Ltd.