Automotive Belts and Hoses Market 2021 Precise Outlook- ACDelco (General Motors), TOYODA GOSEI CO., LTD., Continental AG

The report presents an in-depth assessment of the Automotive Belts and Hoses Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Automotive Belts and Hoses from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The automotive belts and hoses market is expected to register a CAGR of over 6.5%, during the forecast period, 2020 - 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Automotive Belts and Hoses Market: Sumitomo Riko Co Ltd, ACDelco (General Motors), TOYODA GOSEI CO., LTD., Continental AG, Goodyear Tire & Rubber Co, Dayco IP Holdings, LLC and others.

Market Overview:

- The belts and hoses sector is growing, owing to the rise in demand for powertrains and other ancillary components. The stringency of emission control norms of the EPA and CAFE has led to the improvements in exhaust and turbocharger hoses.
- The intensity of competition in the market is high, due to presence of many regional players.
- Asia-Pacific continues to capture major share of more than 30% in the global market, followed by Europe and North America. Additionally, companies in the Asia-Pacific are expanding their production capacities to capture the growing the demand in the region during the forecast period.

Regional Analysis For Automotive Belts and Hoses Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

The Automotive Market to Witness Demand for High-performance Hoses
Owing to the increasing demand for vehicle fuel efficiency, the adoption of turbocharger has increased significantly. Demand for hoses around the turbocharger system have been predominantly deployed to handle the temperatures of the exhaust gases.
Additionally, the adoption of electrically assisted power steering has also influenced the market for power steering hoses.
The EPA and the National Highway Traffic Safety Administration have been taking coordinated steps to enable the production of a new generation of clean vehicles, through reduced greenhouse gas (GHG) emissions and improved fuel use from on-road vehicles and engines. Thus, the use of blended fuels in fuel delivery system increased the usage of hoses extensively.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Automotive Belts and Hoses Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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