Automotive Engine Belt & Hoses Market Report

Market Insights

Automotive engine belt & hoses market is likely to grow from USD 17.53 billion in 2021 to USD 28.07 billion by 2028 at an impressive CAGR of 6.88% during the forecast period of 2022-2028.

What are engine belt & hoses?

Automotive engine belt & hoses are typically rubber belts with some fabrics that are used in for the working of a vehicle’s engine. Drive belt and timing belt are two eminent types of belts and hoses being used in vehicles.

Automotive engine belt and hoses are used in almost all types of vehicles such as passenger cars, light commercial vehicles, and heavy commercial vehicles. They are used in different areas of application such as turbochargers, fuel delivery systems, steering, and braking.

Market Drivers

The rising automobile production is the prime factor that is underpinning the automotive engine belt & hoses market globally. Further, stringent regulations concerning fuel emissions, improvement in materials used in hoses for durability, and surge in penetration of fuel-efficient technologies are the other significant factors, likely to contribute towards the growth of the global automotive engine belt & hoses market.

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Segments' Analysis

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.

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.

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. 

Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The automotive engine belt & hoses market is segmented into the following categories. 

By Type:

• Drive Belt
• Timing Belt

By Application Type:

• Cooling/Heating Hose
• Turbocharger Hoses
• Fuel Delivery System Hose
• Braking Hose
  • (Application Type Analysis: Hydraulic Braking Hose and Pneumatic Hose)
• Steering Hose

By Vehicle Type:

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major automotive engine belt & hose suppliers are-

• 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 report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by vehicle type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com