Global Automotive Coolant Hose Market 2017-2021

Overview of the global automotive coolant hose market

According to Technavio’s market research and analysis, the increasing sales of passenger cars will be one of the primary factors that will fuel the growth of the automotive coolant hose market in the coming years. Owing to the decreasing interest rates for car loans in countries such as the US, there is a rise in the purchase of automobiles in the luxury segment. Moreover, there is a significant rise in demand for SUVs and crossovers in the Chinese and European markets. This growing sale of passenger cars will subsequently drive the need for coolant hoses, fueling market growth. Technavio’s market research analysts predict that this global market will register a revenue of almost USD 5 billion by 2021.

One of the key trends that will gain traction in the automotive coolant hose market in the coming years is the development of coolant hoses that can adapt to all types of coolants. Most of the automotive manufacturers use ethylene glycol-based coolants. However, owing to the benefits such as better heat transfer, less toxicity, and thermal conductivity properties, the adoption of propylene glycol-based coolants is increasing. Moreover, propylene glycol-based coolants do not affect vehicle performance while mixed with other coolants and also exhibit higher viscosity when compared to ethylene glycol. This will increase the preference of automotive OEMs towards these coolants, inducing coolant hose manufacturers to focus on developing hoses that can adapt to several kinds of coolants.

Competitive landscape and key vendors

The automotive coolant hose market is highly fragmented due to the presence of several suppliers. Technological advancements, the introduction of stringent emission norms, and the growing focus on reducing the vehicle’s weight, will intensify the competitive environment among the players in this engine coolant hose market. Though the international players dominate the market, the regional or local players account for a sizeable share of the market owing to the better understanding of the local market and efficient distribution network.

The leading vendors in the market are-

• Continental
• Eaton
• Gates
• Sumitomo Riko
• Toyoda Gosei

The other prominent vendors in the market are DuPont, Keihin, and Plastic Omnium.

Segmentation by application type and analysis of the automotive coolant hose market

• Passenger car
• Commercial vehicle

During 2016, the passenger car segment accounted for the major share of the automotive coolant hose market. The wide preference of passenger cars by the common public to meet the average transportation needs of households, is the major factor fueling the growth of the engine coolant hose market in this segment.

Segmentation by geography and analysis of the automotive coolant hose market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive coolant hose market throughout the forecast period. Countries such as China, India, and Japan are the major contributors to the growth of the automotive coolant hose market in this region. The fast economic-growth of countries, the high per capita income, and the increasing purchasing power of consumers, are the major factors propelling the growth of the engine coolant hose market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive coolant hose market?
• What are the key market trends impacting the growth of the global automotive coolant hose market?
• What are the challenges to global automotive coolant hose market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global automotive coolant hose market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive coolant hose market?

Technavio also offers customization on reports based on specific client requirement.