Automotive Engine Belt and Hose Market to Experience Exponential Growth by 2023 | Key Players- Continental AG, Toyoda Gosei Co. Ltd, Sumitomo Riko Co. Ltd.

Belts are components in automobile that synchronize crankshaft and camshaft for proper function of valve opening. It is also used for supplying power to water pump, steering pump, and others. A single serpentine belts are used in automobiles to reduce the space required for engines and requirement for frequent maintenance. Hoses are components that ensure proper fluid transmission for performing applications, such as cooling, heating, power steering, and others. The materials used for manufacturing hoses depend on pressure requirements of various applications. The need of belt and hose in automotive systems is increasing with adoption of turbochargers and demand for fuel efficient technologies. Innovations and technological advancement have opened new pathways for belt and hose in automotive systems.

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The key driving factors for growth of the global automotive engine belt and hose market are increasing vehicle production advancements in materials and optimum NVH levels. However, low durability and demand for electric vehicles are obstructing growth of the market. Growing aftermarket and maintenance free drive belt are opening up better opportunities for growth of the market.

The global automotive engine belt and hose market is segmented based on belt type, hose application, vehicle type, and geography. The belt type included in the report are timing belt and drive belt. The hose application segment is classified into turbocharger, cooling/heating, fuel delivery, braking, steering. Vehicle types covered in the report are PC, LCV, and HCV. The market is segmented geographically into North America, Asia-Oceania, Europe, and Rest of the World (RoW).

The prominent manufacturers operating in the market are Continental AG, Toyoda Gosei Co. Ltd., Sumitomo Riko Co. Ltd., Yokohama Rubber Co. Ltd., Pinafore Holdings B.V., Cooper Standard Holdings Inc., Schaeffler AG, Bando Chemical Industries Ltd., Nichirin Co. Ltd., and Hutchinson SA. Various strategies such as partnerships, mergers & acquisitions, expansions, joint ventures, and others have been implemented by them in order to strengthen their position in the market.

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KEY BENEFITS FOR STAKEHOLDERS:
• The report offers an in-depth analysis of key driving and restraining factors of the global automotive engine belt and hose market.
• An extensive analysis of dominant market shares for each segment helps in understanding the current status of market.
• This report offers an in-depth quantitative analysis of the current market and estimations through 2015 and 2020, which assists in identifying the prevailing market opportunities.
• The report provides an extensive analysis of current and future market status of the global automotive engine belt and hose market.
• An in-depth analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.
• An in-depth analysis of current research and clinical developments within the global automotive engine belt and hose market is provided with key market dynamic factors that helps in understanding the behaviour of the market.
• Geographically, the global automotive engine belt and hose market is segmented into North America, Asia-Oceania, Europe, and Rest of the World (RoW).

AUTOMOTIVE ENGINE BELT AND HOSE KEY MARKET SEGMENTS:
• Automotive Engine Belt and Hose Market By Belt Type
o Timing Belt
o Drive Belt
• Automotive Engine Belt and Hose Market By Hose Application
o Turbocharger
o Cooling/Heating
o Fuel Delivery
o Braking
o Steering
• Automotive Engine Belt and Hose Market By Vehicle Type
o PC
o LCV
o HCV
• Automotive Engine Belt and Hose Market By Geography
o North America
o Asia-Oceania
o Europe
o Rest of the World (RoW)

Key Market Players:
• Continental AG
• Toyoda Gosei Co. Ltd.
• Sumitomo Riko Co. Ltd.
• Yokohama Rubber Co. Ltd.
• Pinafore Holdings B.V.
• Cooper Standard Holdings Inc.
• Schaeffler AG
• Bando Chemical Industries Ltd.
• Nichirin Co. Ltd.
• Hutchinson SA

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