Automotive Rubber Hoses Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

The automotive rubber hoses market size has the potential to grow by USD 312.49 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Belmont Rubber Pvt. Ltd., Codan Rubber AS, Continental AG, DuPont de Nemours Inc., Eaton Corp. Plc, Hutchinson SA, KraussMaffei Technologies GmbH, NICHIRIN Co. Ltd., Sumitomo Riko Co.Ltd., and Toyoda Gosei Co. Ltd.

Market Overview

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Market Competitive Analysis

The automotive rubber hoses market is fragmented. It has a limited number of well-established vendors. Key vendors in the market are currently increasing their R&D investments for developing synthetic rubber hoses. The competitive environment in the market should intensify with advances in government regulations, petroleum prices, and technology. Major vendors are known for supplying automotive rubber hoses as aftermarket fitments. Belmont Rubber Pvt. Ltd., Codan Rubber AS, and Continental AG are some of the major market participants. Although the rising sales of passenger cars and commercial vehicles will offer immense growth opportunities, the fluctuation in prices of natural rubber will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this automotive rubber hoses market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this automotive rubber hoses market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Belmont Rubber Pvt. Ltd.
• Codan Rubber AS
• Continental AG
• DuPont de Nemours Inc.
• Eaton Corp. Plc
• Hutchinson SA
• KraussMaffei Technologies GmbH
• NICHIRIN Co. Ltd.
• Sumitomo Riko Co.Ltd.
• Toyoda Gosei Co. Ltd.

Automotive Rubber Hoses Market: Segmentation by Geography

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APAC was the largest automotive rubber hoses market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Pent-up demand for passenger cars and rising levels of economic activities will significantly drive automotive rubber hoses market growth in this region over the forecast period.

73% of the market's growth will originate from APAC during the forecast period. China, Japan, South Korea (Republic of Korea), and India are the key markets for automotive rubber hoses in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Automotive Rubber Hoses Market: Segmentation by Application

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The rising trend of downsizing passenger vehicle engines to light and compact engine blocks, to maintain fuel efficiency and decrease the vehicle's curb weight, is driving changes to the internal components of the vehicle. Downsized engines in passenger cars generate higher amounts of heat. Hence, vehicle manufactures are shifting preference to synthetic rubber hoses, as these can withstand high temperatures and pressure build up in downsized engines of passenger cars. These factors are expected to fuel the demand for automotive rubber hoses from the passenger car segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive rubber hoses market size.

Automotive Rubber Hoses Market: Key Drivers and Trends

The rising sales of passenger cars and commercial vehicles is one of the primary growth drivers for the market With rapid urbanization and increasing spending power of middle-income groups, the automotive industry is witnessing considerable growth. Several automotive manufacturers are expanding their vehicle production facilities in emerging economies such as China, India, Brazil, and Mexico. Also, the cost of production of automobiles is declining and is encouraging vehicle manufacturers to develop low-cost and affordable vehicles. This, in turn, will boost the production of automobiles, thereby driving the need for automotive rubber hoses. Moreover, the growing preference for freight rail services in emerging countries such as India and China that will drive the need for road conveyance is also boosting the need for rubber hoses for cars.

The development of automotive rubber hoses with high-performance vacuum tubes will be one of the key trends that will gain traction in the global automotive rubber hoses market during the predicted period. To improve the vehicle's efficiency automotive OEMs are increasingly focusing on reducing the total weight of the vehicle components. One of the automotive parts manufacturer Cooper Standard has already launched vacuum tubes that reduce the weight of rubber hoses by 50%. The rubber tubing takes 30% less space and requires very little maintenance. The auto rubber hose market will register a CAGR of over 1% during the forecast period.

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Automotive Rubber Hoses Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive automotive rubber hoses market growth during the next five years
• Precise estimation of the automotive rubber hoses market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive rubber hoses industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive rubber hoses market vendors

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