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Automotive Hoses Market Forecast Covering Growth Inclinations & Development Strategies until 2028 || Top Market Competitors- Continental, Eaton Corporation, United Rubber Industries (I) Pvt. Ltd., United Flexible, Gates Corporation, Semperit AG Holding, U
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Rubber material includes natural rubber, synthetic rubber, and various other composites of rubber. Automotive hoses finds its application in radiators, heater, fuel and emission systems, brake systems, lubrication systems, air conditioning systems etc. Increasing shift towards enhancing the performance and efficiency, with reduced fuel consumption, the demand for efficient, durable and reliable automotive hoses is witnessing significant growth. This in turn is anticipated to contribute to the global automotive hoses market during the forecast period.
Automotive Hoses Market: Dynamics
Increasing automotive production and vehicle parc is one of the major factors driving the growth of the automotive hoses market. Explosive automotive growth, particularly in some regions, has considerably contributed to the spurring growth of various local and international hoses companies. Several parts and components, such as radiators, brakes, air conditioning, fuel transfer, and other electronics and interior parts, requires hoses in their operations. Therefore, increasing demand for high temperature resistance and chemical resistance hoses in the automotive industry is anticipated to contribute to the global automotive hoses market in the coming years.
High disposable personal income in developed regions such as North America and Europe has led to its consumers venturing more into leisure activities that revolves around conventional motorcycles and scooters such as racing, bike stunts and off-road activities, which in turn, has increased the demand for high engine capacity two wheelers. This is attributed to be the main factor driving the growth of motorcycle and scooters market in the respective regions. Increasing motorcycles sales is also considered to be the key factor for the growth of automotive hoses market.
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Automotive Hoses Market: Segment
The global automotive hoses market has been segmented by material type, by Vehicle type and by application
On the basis of material type, the global automotive hoses market has been segmented as:
Rubber Automotive Hoses
Metal Automotive Hoses
Plastic Automotive Hoses
On the basis of application, the global automotive hoses market has been segmented as:
Turbo Charger Hoses
Coolant Hoses
Windshield Washer Fluid Hoses
Air Conditioning Hoses
Brake Hoses
Fuel Hoses
On the basis of vehicle type, the global automotive hoses market has been segmented as:
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Two Wheelers
On the basis of sales channel, the global automotive hoses market has been segmented as:
Original Equipment Manufacturer (OEM)
Aftermarket
Automotive Hoses Market: Regional Outlook
Growing urbanization in developing countries of Asia and Latin America, rising employment, improvements witnessed in disposable income and a rise in dual income households are the key factors fuelling the demand for automobiles and motorcycles. According to the Federation of Asian Motorcycle (FAMI), in South East Asia (SEA) countries, it is very common to have one or more motorcycle or scooter in a household. This in turn is estimated to fuel the demand of automotive hoses in the region. Large vehicle fleet in developed regions such as North America and Europe is estimated to project noteworthy opportunities for the aftermarket of automotive hoses owing to significant replacement rate of hoses. The popular trend of resale of automobiles in Middle East and Africa may also positively impact the aftermarket for automotive hoses during the forecast period
Automotive Hoses Market: Key Participants
Examples of some of the market participants identified across the value chain of the global automotive hoses market include:
Continental AG
Eaton Corporation Plc
United Rubber Industries (I) Pvt. Ltd.
United Flexible
Gates Corporation
Semperit AG Holding
United Flexible
Trelleborg AB
RADCOFLEX Australia Pty Ltd.
The research report presents a comprehensive assessment of the automotive hoses market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to automotive hoses market segments such as geographies, application, and industry.
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