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Automotive Hoses Market to receive overwhelming hike in Revenues by 2028

An automotive hose is a hollow tube, used for the transfer of fluids from one automotive part to another. These flexible tubes can be manufactured using various materials, such as metal, plastic, or rubber, depending on the applications of automotive hoses. Automotive hoses are commonly used for carrying fluids, including coolants, fuel, windshield washer fluids, etc., and these applications are mainly aimed at various operations such as lubrication and cooling.

Automotive Hoses Market Dynamics

Ever-expanding Vehicle Parc with Increased Automotive Production and Sales will Boost Market Growth

During the period 2007-2017, the global production of passenger cars increased from over 53.2 million to nearly 73.5 million, and the global sales of passenger cars increased from 51 million to 71 million, according to statistics published by the International Organization of Motor Vehicle Manufacturers (OICA).

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With a significant rise in disposable income of consumers in developing countries, and developments in transportation infrastructure, the automotive sector is likely to witness steady growth in the future.

Growth of the automotive industry is spurring growth in automotive parts production. As automotive hose is an important automotive component, the rapidly expanding global vehicle parc is expected to provide a boost to growth of the market in the future.

utomotive Hoses Market: Segmentation

In the Fact.MR report, the automotive hoses market has been broadly divided into four segments – vehicle types, material types, applications, and sales channels for automotive hoses.

Based on the vehicle type, the automotive hoses market has been segmented as:

  • Passenger Vehicle
  • Heavy Commercial Vehicle (HCVs)
  • Light Commercial Vehicle (LCVs)
  • Two Wheelers

Based on the material type, the automotive hoses market has been segmented as:

  • Plastic Automotive Hoses
  • Metal Automotive Hoses
  • Rubber Automotive Hoses

Based on the applications of automotive hoses, the automotive hoses market has been segmented as:

  • Coolant Hoses
  • Turbo Charger Hoses
  • Air Conditioning Hoses
  • Windshield Washer Fluid Hoses
  • Fuel Hoses
  • Brake Hoses

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After acquiring Rapro – a Turkish manufacturer of molded and branched automotive hoses – for expanding its business in European country, Gates Corporation – an American player in the automotive hoses market – has launched a new product line of premium hydraulic hoses with the new Gates MXT™ family of hoses. The company announced that this new product line of hoses is designed to meet demands of original equipment manufacturers from various end-use industries, including agriculture and mining.

Semperit AG Holding – a European manufacturer of automotive hoses – has announced the sale of its Italian production facility of hydraulic and industrial hoses to the Italian Matec Group. With this step, the company aims for a Group-wide complexity reduction by selling the facility that no longer meets production footprint of the company. Meanwhile, the company invested EUR 27 million in its industrial and hydraulic hoses production facility in Odry/Czech Republic.

The Fact.MR study offers a comprehensive analysis on the automotive hoses marketplace, profiling the key stakeholders across the value chain. The players profiled in the study include,

  • 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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