Automotive Engine Belt & Hoses Market to Witness Growth Acceleration During 2020-2025

November 25, 2021

The Automotive Engine Belt & Hoses Market study by Type (Drive Belt, Timing Belt), by Application Type (Cooling/Heating Hose, Turbocharger Hoses, Fuel Delivery System Hose, Braking Hose, and Steering Hose), by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), and by Region (North America, Europe, Asia-Pacific, and Rest of the World); offered by Stratview Research discusses the most up-to-date market trends as well as an industry growth estimate for the next 5 years. The report covers industry profiles of key players, including market share, regional analysis, and market division, business & development strategies, mergers & acquisitions, alliances, and key financial data, etc.

The information provided in this report is acquired from several well-grounded primary and secondary sources, such as, white papers, press releases, news, interviews with key players, revenue data sheets, etc.

 

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Market Insights

According to the report, the Automotive Engine Belt & Hoses Market is likely to witness an impressive CAGR of 7.1% during the forecast period.

 

Market Segments' Analysis

Automotive Engine Belt & Hoses Market Share: By Application Type

Based on the application type, the market is segmented as cooling/heating hose, turbocharger hoses, fuel delivery system hose, braking hose, and steering hose. The turbocharger hoses segment is estimated to lead the market during the forecast period owing to the stringent emission standards and increasing awareness regarding fuel efficiency.

Automotive Engine Belt & Hoses Market Share: By Vehicle Type

Based on the vehicle type, the market is segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is anticipated to dominate the market during the forecast period owing to the increasing production and demand from the emerging economies such as China, India, and ASEAN countries. Growing worldwide economy, rising disposable income of consumers, and implementation of stringent emission standards across the globe are likely to act as a catalyst towards the growth of the passenger car segment.

Automotive Engine Belt & Hoses Market Share: By Region

In terms of regions, Asia-Pacific is expected to lead the market for automotive engine belt & hoses during the forecast period. The market is driven by the increasing demand for automobiles, rising disposable income of consumers, and economic development in the emerging countries of the region. China, Japan, India, and South Korea are the growth engines of the region’s market. North America and Europe are the other two major markets owing to the presence of major OEMs, tier players, and raw material suppliers along with the established supply chain.

 

Key Players

The following are the key players in the Automotive Engine Belt & Hoses Market-

 

• Continental AG
• Toyoda Gosei Co., Ltd.
• Sumitomo Riko Company Limited
• Yokohama Rubber Co., Ltd.
• Pinafore Holdings B.V.
• Cooper Standard Holdings, Inc.
• Schaeffler AG
• Bando Chemical Industries Ltd.
• Nichirin Co., Ltd.
• Hutchinson SA

 

Research Methodology

This market report from Stratview Research provides a thorough analysis that reflects present and future market possibilities for the forecast period of 2021 to 2026. This market report is compiled through several authenticated secondary sources, such as company’s annual reports, press releases, white papers, articles, etc. Also, the market experts have performed several interviews with the industry stakeholders in order to collect reliable and insightful information.

Custom Research:

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Critical Questions Answered in the Report

• What are the key trends in the Automotive Engine Belt & Hoses Market?
• How has the market (and its various sub-segments) grown in the last five years?
• What would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the Automotive Engine Belt & Hoses Market?
• What is the market share of the top vendors?

 

About Us

Stratview Research is a global market research firm helping its users tract the ever-evolving market scenarios through its top-notch market reports. It offers the most granular market segmentation across all the industries. Connect with Stratview Research, for any queries at –

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Author : Harshad