Press release
Automotive Hoses Market Opportunities,Top Players,Survey,capital,investment status and Trends Report by 2026
The market for automotive hoses is expected to reach rise at a CAGR of 6.5 percent during the forecast period. Growth of automotive industry along with the increased number of vehicle production is expected to primarily boost the growth of automotive hoses market.
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AUTOMOTIVE HOSES MARKET SEGMENTATION:
By Material Type
Plastic Automotive Hoses Market.
Metal Automotive Hoses market.
Rubber Automotive Hoses Market.
By Vehicle Type:
Passenger Vehicle
Heavy Commercial Vehicle (HCVs)
Light Commercial Vehicle (LCVs)
Two Wheelers
By Sales Channel:
Aftermarket
Original Equipment Manufacturer (OEM)
By Application:
Coolant Hoses
Turbo Charger Hoses
Air Conditioning Hoses
Windshield Washer Fluid Hoses
Fuel Hoses
Brake Hoses
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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REGIONAL INSIGHT:
North America is likely to be the most profitable region during the forecast period. This is due to the presence of largest automotive market such as U.S, and Canada growing adoption of turbocharger in the vehicles. The U.S. is the major contributor to the market automotive hoses market in the North American followed by Canada. The surge in demand for as well as adoption of turbocharger systems in vehicles used in North America primarily drives the market for turbocharger hoses, further fueling the North America automotive hoses market growth.
In addition, Europe holds the second largest share of the automotive hoses market owing to increasing R&D activities and introduction of various strong and durable automotive hoses by the manufacturer in this region. The leading market players in this region, such as the Continental AG are actively making heavy investments in R&D activities to introduce strong, maintenance free, and durable automotive hose.
Asia Pacific is expected to grow rapidly in the automotive hoses market during the forecast period. This is attributed to the factors such as growing demand of vehicles due to rising disposable income and presence of developing economy such as China, India and Japan in this region. In addition, development of cost-effective steering wheel system by OEM’s and growing adoption of these technologies are factors also expected to boost the growth of the market in this region. India is the largest consumer of automotive hoses in this region.
FEW KEY PLAYERS IN AUTOMOTIVE HOSES 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.
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