Press release
Automotive CO2 Air Conditioning Hose Market Set to Reach USD 1.8 Billion by 2034, Driven by Sustainability Push
Automotive Co2 Air Conditioning Hose Market
Passenger vehicles currently lead the market, thanks to the growing shift toward low-emission transport. Meanwhile, electric vehicles (EVs) are emerging as the fastest-growing segment, fueled by global support for sustainable mobility. The market is seeing increased adoption of CO2-based air conditioning systems, which are seen as greener alternatives to traditional refrigerants.
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Europe is expected to dominate regional growth due to stringent environmental laws and strong incentives for green automotive technologies. Key manufacturers such as Continental AG, Parker Hannifin Corp, and Eaton Corporation are investing heavily in research and development to create more efficient, durable, and eco-friendly hose products.
Key Market Highlights:
Market Size: USD 1.2 billion in 2024, projected to reach USD 1.8 billion by 2034
CAGR (2024-2034): 5.00%
Top Segment: Passenger Vehicles
Fastest Growing Segment: Electric Vehicles (CAGR 8.5%)
Leading Region: Europe
Growth Drivers:
The main factor propelling the market forward is the push for lower vehicle emissions. For example, the European Union has set targets to reduce emissions from new cars by 37.5% by 2030. This is prompting automakers to adopt CO2-based air conditioning systems that meet these goals. Technological innovations, such as lightweight and high-pressure hose materials, are also helping improve efficiency and reliability.
Notably, companies like Parker Hannifin launched new hose lines in 2023 with improved flexibility and lower leakage, meeting growing consumer and industry expectations.
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Automotive Co2 Air Conditioning Hose Competitive Strategies
Top 10 Companies
Continental AG
Parker Hannifin Corp
Eaton Corporation
Gates Corporation
Hutchinson SA
Sumitomo Riko Company Limited
Nichirin Co., Ltd.
Trelleborg AB
Yokohama Rubber Co., Ltd.
TI Fluid Systems
Strategy
Top players in the automotive CO2 air conditioning hose market are competing through vertical integration, strategic partnerships, and innovation. Continental AG, for example, holds a 15% market share due to its extensive product portfolio and strong focus on R&D. The company is investing in the development of high-performance hoses that meet the stringent requirements of CO2 systems. Strategic moves include mergers and acquisitions, such as Eaton Corporation's acquisition of a leading hose manufacturer to expand its product offerings.
Partnerships between automotive manufacturers and technology providers are also enhancing market growth, as companies collaborate to develop advanced hose technologies. Innovation benchmarks include patent filings, with companies like Parker Hannifin Corp leading the way in developing new materials and manufacturing processes that enhance hose performance and durability.
Developments
In January 2024, Continental AG introduced a new line of high-performance CO2 air conditioning hoses to enhance vehicle efficiency.
In March 2024, Parker Hannifin Corp announced a strategic partnership with a leading automotive manufacturer to develop advanced hose technologies.
In May 2024, Eaton Corporation acquired a leading hose manufacturer to expand its product offerings and enhance market presence.
In July 2024, Gates Corporation launched a new range of flexible hoses designed for electric vehicles.
In September 2024, Hutchinson SA announced the development of a new hose material that enhances durability and reduces emissions.
Automotive Co2 Air Conditioning Hose Market Segmentation
By Product Type
High-Pressure Hoses
Low-Pressure Hoses
Flexible Hoses
Rigid Hoses
By Application
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
By End User
OEMs
Aftermarket
By Technology
Braided Hoses
Spiral Hoses
By Distribution Channel
Direct Sales
Distributors
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