Press release
Automotive Rubber Hoses Market is Projected to be Fueled by Rapid Technological Advancements
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The design of automotive rubber hoses is governed by parameters including application, working conditions, pressure ratings, compatibility with varying chemicals and fluids, etc. Automotive applications such as HVAC, braking and steering systems require the assistance of automotive hoses to ensure smooth functioning of various systems. With the move towards increasing the performance and efficiency of automobiles without compromising on fuel consumption, the inclusion of turbochargers in the power unit system of a vehicle is on the rise, paving a way for the growth of long lasting and extra durable automotive rubber hoses favouring the growth of the market on a long term basis.
Automotive Rubber Hoses Market Dynamics
The primary factor driving the growth of the automotive rubber hoses market is the ever increasing production of automobiles owing to changing lifestyle of customers, increase in disposable incomes and preference of having a personal vehicle. Automotive hoses made of synthetic materials such as heavy duty plastics and composites are slightly costlier than that of hoses made of rubber, prompting a shift towards the cheaper alternative by the customers, thus paving a way for the growth of the automotive rubber hoses market. The year on year strengthening of emission norms and regulations implemented by the Governments of various countries is also another key factor prompting the manufacturers to come up with solutions to build durable rubber hoses, further augmenting the growth of the market.
Automotive Rubber Hoses Market: Segmentation
Automotive Rubber HosesMarket can be segmented mainly on the basis of vehicle type, application, sales channel and product type.
By vehicle type, the market can be segmented as:
Passenger cars
Light Commercial vehicles
Heavy Commercial vehicles
Special Purpose vehicles
Two Wheelers
By application, the market can be segmented as:
Turbocharger hoses
Engine Heating, cooling and radiator hoses
Air Conditioning hoses
Lubrication hoses
Transmission hoses
Brake hoses
Fuel hoses
By sales channel, the market can be segmented as:
Original Equipment Manufacturer (OEM)
Aftermarket
By product type, the market can be segmented as:
Non-reinforced rubber hoses
Metal-reinforced rubber hoses
Automotive Rubber Hoses Market: Regional Outlook
In North America region, the U.S. is expected to exhibit robust growth in the automotive rubber hoses market, followed by Canada, considering the flourishing automotive industry in the region. Asia Pacific region is on par with North America, exhibiting high potential for the market owing to growing vehicle production in China, India and Japan. Emerging countries in the Latin America region such as Mexico and Brazil create attractive opportunities for the automotive rubber hoses market as many well-known automobile manufacturers have set up their automotive plants in these countries. Resale of automobiles in Middle East and Africa is a popular trend in the region prompting a healthy sales of aftermarket automotive rubber hoses improving the market as far as the aftermarket segment is concerned.
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Automotive Rubber Hoses Market: Market Participants
Examples of some of the market participants identified in the Global Automotive Rubber Hoses market are
Semperit AG Holding
Hutchinson SA
Nichirin Co., Ltd.
Imperial Auto Industries Limited
Marugo Rubber Industries,Ltd.
Cooper-Standard Holdings Inc.
Jayem Auto Industries Pvt. Ltd.
Gates Corporation
Mackay Consolidated Industries Pty Ltd.
The Yokohama Rubber Co., Ltd.
Maflow Group
Sumitomo Riko Co., Ltd.
Continental AG
Eaton Corporation Plc
United Rubber Industries (I) Pvt. Ltd.
Shore Auto Rubber Export Pvt Ltd.
Codan Rubber A/S
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