openPR Logo
Press release

Automotive Hoses Market Forecast Analysis by 2028

02-18-2019 11:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR

An automotive hose is a hollow tube, used for the transfer of fluids from one automotive part to another. These flexible tubes can be manufactured using various materials, such as metal, plastic, or rubber, depending on the applications of automotive hoses. Automotive hoses are commonly used for carrying fluids, including coolants, fuel, windshield washer fluids, etc., and these applications are mainly aimed at various operations such as lubrication and cooling.

Automotive Hoses Market Dynamics

Ever-expanding Vehicle Parc with Increased Automotive Production and Sales will Boost Market Growth

During the period 2007-2017, the global production of passenger cars increased from over 53.2 million to nearly 73.5 million, and the global sales of passenger cars increased from 51 million to 71 million, according to statistics published by the International Organization of Motor Vehicle Manufacturers (OICA). With a significant rise in disposable income of consumers in developing countries, and developments in transportation infrastructure, the automotive sector is likely to witness steady growth in the future.

Get Free Exclusive Sample Copy of This Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2335

Growth of the automotive industry is spurring growth in automotive parts production. As automotive hose is an important automotive component, the rapidly expanding global vehicle parc is expected to provide a boost to growth of the market in the future.

Growing Adoption of Turbochargers will Trigger Demand for Automotive Hoses

With the global automotive industry gaining momentum, turbochargers have gained their popularity among commercial vehicle manufacturers. On account of various advantages of incorporating turbocharger 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 growth of the automotive hoses market in the coming future.

Automotive Hoses Market: Competitive Landscape

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 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 automotive hoses 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 European country, Gates Corporation – an American player in the automotive hoses 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 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 production footprint of the company. Meanwhile, the company invested EUR 27 million in its industrial and hydraulic hoses production facility in Odry/Czech Republic.

Request for table of content on this report visit:

https://www.factmr.com/connectus/sample?flag=T&rep_id=2335

The Fact.MR study offers a comprehensive analysis on the automotive hoses marketplace, profiling the key stakeholders across the value chain. The players profiled in the study include,

Eaton Corporation Plc
Continental AG
United Rubber Industries (I) Pvt. Ltd.
Gates Corporation
United Flexible
Semperit AG Holding
Trelleborg AB
RADCOFLEX Australia Pty Ltd.
Automotive Hoses Market: 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 growth of the automotive hoses market. Emerging economies in the Asia Pacific region excluding Japan (APEJ) are likely to hold a significant share growth of the automotive hoses market. China and India are anticipated to create promising growth opportunities for players in the automotive hoses market in the foreseeable future.

For more information on this report, please visit: https://www.factmr.com/report/2335/automotive-hoses-market

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Hoses Market Forecast Analysis by 2028 here

News-ID: 1595373 • Views: 236

More Releases from Fact.MR

11-09-2020 | Health & Medicine
Fact.MR
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
10-05-2020 | Health & Medicine
Fact.MR
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel

All 5 Releases


More Releases for Automotive

Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Automotive IoT Market
The Internet of Things (IoT) is reshaping several sectors, including automotive. With IoT, automobiles are now equipped with value added services and applications such as automated driving and real-time traffic alerts to improve the overall driving experience. Owing to increased disposable income among the urban population and demand for technologically advanced products, the automotive sector is currently flourishing. This factor is reflecting positively on global automotive IoT market, which is
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM