Automotive Hoses Market
PUBLISHED: 2024 ID: SMRC25889
SHARE
SHARE

Automotive Hoses Market

Automotive Hoses Market Forecasts to 2030 - Global Analysis By Type (Stainless Steel Type, Copper Type and Other Types), Vehicle Type (Passenger Vehicle, Heavy Commercial Vehicle (HCVs), Light Commercial Vehicle (LCVs), Two Wheelers and Other Vehicle Types), Material Type, Application, Sales Channel and by Geography

5.0 (25 reviews)
5.0 (25 reviews)
Published: 2024 ID: SMRC25889

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2021-2030

Estimated Year Value (2023)

US $23.59 BN

Projected Year Value (2030)

US $45.39 BN

CAGR (2023 - 2030)

9.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Automotive Hoses Market is accounted for $23.59 billion in 2023 and is expected to reach $45.39 billion by 2030 growing at a CAGR of 9.8% during the forecast period. Automotive hoses are crucial parts of cars because they carry coolant, oil, and fuel, among other fluids, in the various systems of the car. These hoses, which are usually composed of silicone or rubber, are intended to endure high pressure, temperatures, and the corrosive properties of the fluids they transport. Every component, from fuel lines to radiator hoses, is essential to maintaining the vehicle's optimal operation. Moreover, automotive hoses need to be inspected and maintained on a regular basis to avoid leaks, overheating, and possible engine damage.

According to the European Automobile Manufacturers Association (ACEA), The automotive industry is committed to reducing emissions and improving fuel efficiency through technological innovation and regulatory compliance.

Market Dynamics: 

Driver: 

Growth of hybrid and electric vehicles

The automotive industry is changing due to the increasing popularity of electric and hybrid vehicles, which is driving up demand for hoses that are specifically made to meet their needs. Hybrid cars use cooling hoses for both electric motor and internal combustion engine cooling, but electric vehicles need them for battery thermal management systems. Additionally, the need for automotive hoses that work with their drive trains and cooling systems is growing along with the market share of electric and hybrid cars, creating new avenues for innovation and market expansion. 

Restraint:

Increasing Prices for Raw Materials

Rubber, silicone, and different polymers are major raw materials used in the automotive hose industry. For hose manufacturers, price fluctuations resulting from supply chain disruptions, geopolitical unrest, and shifting market dynamics can have a big effect on production costs. Furthermore, manufacturers find it difficult to predict and stabilize product pricing due to the volatility of raw material prices, which may have an impact on profit margins and market competitiveness.

Opportunity:

Prioritize eco-friendly solutions and sustainability.

Hose manufacturers have an opportunity to create eco-friendly solutions that satisfy consumer preferences and legal requirements because of the increased focus on sustainability and environmental responsibility. Businesses can lessen their environmental impact and win over environmentally sensitive customers by implementing sustainable manufacturing techniques, recycled materials, and renewable resources. Moreover, a more robust and sustainable supply chain can be promoted by hose manufacturers by implementing circular economy concepts like product reuse, remanufacturing, and recycling, which can also result in new business models and revenue streams.

Threat:

Strong competitive rivalry

There is fierce competition in the automotive hose market, with many players ranging from multinational corporations to local manufacturers and aftermarket suppliers. In order to preserve market share, businesses are under constant pressure to innovate, distinguish their products, and provide competitive pricing in this highly competitive environment. Furthermore, the existence of low-cost rivals and fake goods exacerbates competition and jeopardizes the profitability and reputation of genuine manufacturers.

Covid-19 Impact: 

The COVID-19 pandemic caused production, supply chains, and consumer demand to be disrupted, which had a substantial effect on the automotive hose market. Widespread lockdowns and social distancing measures during the early stages of the pandemic forced automakers to temporarily stop production, which had a severe negative impact on vehicle sales and aftermarket demand. Due to OEM production reductions and declining aftermarket sales, the decline in automotive activity resulted in a decline in the demand for automotive hoses. Additionally, the situation was further worsened by supply chain disruptions, which included raw material shortages and logistical difficulties, delaying the manufacture and delivery of automotive hoses.

The Stainless Steel Type segment is expected to be the largest during the forecast period

In the market for automobile hoses, stainless steel hoses usually command the largest share. Because of their strength, resistance to corrosion, and tolerance for high temperatures and pressures, stainless steel hoses are preferred for use in a variety of automotive applications, such as fuel, brake, and exhaust systems. These hoses are the best options for harsh automotive environments because they perform better and last longer than conventional rubber or copper hoses. Moreover, stainless steel hoses are also becoming more common in newer cars with cutting-edge engines and strict emissions regulations, which is contributing to their market dominance.

The Passenger Vehicle segment is expected to have the highest CAGR during the forecast period

In the automotive hose market, the passenger vehicle segment usually shows the highest CAGR. Sedans, hatchbacks, SUVs, and crossovers are just a few of the many types of cars that fall under the category of passenger vehicles. Together, they account for a sizable share of the automotive market. Within this market segment, the growth of the automotive hoses market is fueled by the rising demand for passenger vehicles, which is driven by factors like urbanization, rising disposable income, and improving living standards. Additionally, automotive hoses are in constant demand because passenger vehicles need a variety of hoses for basic operations like fuel delivery, brake fluid transfer, and coolant circulation. 

Region with largest share:

When it comes to the automotive hose market, the Asia-Pacific region usually holds the largest share. The dominance of the region can be attributed to factors such as rapid industrialization, urbanization, and the expanding automotive manufacturing sector in nations like South Korea, Japan, China, and India. Some of the biggest automakers in the world, as well as a sizable market for automobiles and aftermarket accessories, are found in Asia-Pacific. Furthermore, the need for car hoses in the area is also fueled by rising infrastructure development expenditures and government programs that support environmentally friendly transportation options.

Region with highest CAGR:

The North American region is anticipated to hold the highest CAGR in the automotive hoses market. The area is distinguished by a developed automotive sector, cutting-edge technology, and a sizable customer base that favors high-performance automobiles. The demand for advanced automotive hoses is driven by factors like safety standards, strict emissions regulations, and the desire for fuel-efficient vehicles. Additionally, the region promotes innovation in automotive hose technology through its emphasis on electric and autonomous vehicles as well as its investments in research and development. The existence of significant automakers, aftermarket suppliers, and a firmly established distribution network also helps to fuel the expansion of the North American automotive hoses market.

Key players in the market

Some of the key players in Automotive Hoses market include General Motors, Hutchinson SA, E. I. du Pont de Nemours and Company, Manuli Hydraulics India Pvt. Ltd, Semperit AG Holding, Continental AG, Tianjin Pengling Rubber Hose Co. Ltd., Eaton Corporation Plc, Toyoda Gosei Co., Ltd, Parker Hannifin Corporation, Codan Rubber Danmark A/S, Goodyear Tire & Rubber Co., Sumitomo Riko Co. Ltd., Trelleborg AB and United Rubber Industries (I) Pvt. Ltd.

Key Developments:

In February 2024, Power management company Eaton Aerospace and the Nanyang Technological University (NTU) in Singapore have signed a three-year research collaboration agreement to develop electric vertical-takeoff-and-landing (eVTOL) solutions. The agreement was signed at the Singapore Airshow.

In October 2023, General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers, a person briefed on the deal. The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend. The deals will last four years and eight months and include 25 per cent general pay raises and cost of living adjustments. Combined they bring the wage increase to over 30 per cent over the life of the contract.
 
In Novemeber 2022, Sumitomo Riko announced a joint development agreement with LanzaTech Global, Inc., a US-based carbon recycling firm known for its expertise in carbon capture and utilization (CCU) technology. Along with Sumitomo Rubber, we will be taking part in this joint development. The three companies will collaborate with LanzaTech on the joint development, aiming to pioneer groundbreaking technologies that enable a circular economy, transforming waste materials, including rubber, resin, urethane, and metal, into valuable resources.

Types Covered:
• Stainless Steel Type
• Copper Type
• Other Types 
 
Vehicle Types Covered:
• Passenger Vehicle
• Heavy Commercial Vehicle (HCVs)
• Light Commercial Vehicle (LCVs)
• Two Wheelers
• Other Vehicle Types 

Material Types Covered:
• Plastic Automotive Hoses
• Metal Automotive Hoses
• Rubber Automotive Hoses
• Other Material Types
 
Applications Covered:
• Coolant Hoses
• Turbo Charger Hoses
• Air Conditioning Hoses
• Windshield Washer Fluid Hoses
• Fuel Hoses
• Brake Hoses
• Other Applications

Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)
• Other Sales Channels

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology         
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions        
           
3 Market Trend Analysis          
 3.1 Introduction         
 3.2 Drivers         
 3.3 Restraints         
 3.4 Opportunities         
 3.5 Threats         
 3.6 Application Analysis         
 3.7 Emerging Markets         
 3.8 Impact of Covid-19         
           
4 Porters Five Force Analysis          
 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry         
           
5 Global Automotive Hoses Market, By Type          
 5.1 Introduction         
 5.2 Stainless Steel Type         
 5.3 Copper Type         
 5.4 Other Types         
           
6 Global Automotive Hoses Market, By Vehicle Type          
 6.1 Introduction         
 6.2 Passenger Vehicle         
 6.3 Heavy Commercial Vehicle (HCVs)         
 6.4 Light Commercial Vehicle (LCVs)         
 6.5 Two Wheelers         
 6.6 Other Vehicle Types         
           
7 Global Automotive Hoses Market, By Material Type          
 7.1 Introduction         
 7.2 Plastic Automotive Hoses         
 7.3 Metal Automotive Hoses         
 7.4 Rubber Automotive Hoses         
 7.5 Other Material Types         
           
8 Global Automotive Hoses Market, By Application          
 8.1 Introduction         
 8.2 Coolant Hoses         
 8.3 Turbo Charger Hoses         
 8.4 Air Conditioning Hoses         
 8.5 Windshield Washer Fluid Hoses         
 8.6 Fuel Hoses         
 8.7 Brake Hoses         
 8.8 Other Applications         
           
9 Global Automotive Hoses Market, By Sales Channel          
 9.1 Introduction         
 9.2 Aftermarket         
 9.3 Original Equipment Manufacturer (OEM)         
 9.4 Other Sales Channels         
           
10 Global Automotive Hoses Market, By Geography          
 10.1 Introduction         
 10.2 North America         
  10.2.1 US        
  10.2.2 Canada        
  10.2.3 Mexico        
 10.3 Europe         
  10.3.1 Germany        
  10.3.2 UK        
  10.3.3 Italy        
  10.3.4 France        
  10.3.5 Spain        
  10.3.6 Rest of Europe        
 10.4 Asia Pacific         
  10.4.1 Japan        
  10.4.2 China        
  10.4.3 India        
  10.4.4 Australia        
  10.4.5 New Zealand        
  10.4.6 South Korea        
  10.4.7 Rest of Asia Pacific        
 10.5 South America         
  10.5.1 Argentina        
  10.5.2 Brazil        
  10.5.3 Chile        
  10.5.4 Rest of South America        
 10.6 Middle East & Africa         
  10.6.1 Saudi Arabia        
  10.6.2 UAE        
  10.6.3 Qatar        
  10.6.4 South Africa        
  10.6.5 Rest of Middle East & Africa        
           
11 Key Developments          
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures         
 11.2 Acquisitions & Mergers         
 11.3 New Product Launch         
 11.4 Expansions         
 11.5 Other Key Strategies         
           
12 Company Profiling          
 12.1 General Motors         
 12.2 Hutchinson SA         
 12.3 E. I. du Pont de Nemours and Company         
 12.4 Manuli Hydraulics India Pvt. Ltd         
 12.5 Semperit AG Holding         
 12.6 Continental AG         
 12.7 Tianjin Pengling Rubber Hose Co. Ltd.         
 12.8 Eaton Corporation Plc         
 12.9 Toyoda Gosei Co., Ltd         
 12.10 Parker Hannifin Corporation         
 12.11 Codan Rubber Danmark A/S         
 12.12 Goodyear Tire & Rubber Co.         
 12.13 Sumitomo Riko Co. Ltd.         
 12.14 Trelleborg AB         
 12.15 United Rubber Industries (I) Pvt. Ltd.         
           
List of Tables           
1 Global Automotive Hoses Market Outlook, By Region (2021-2030) ($MN)          
2 Global Automotive Hoses Market Outlook, By Type (2021-2030) ($MN)          
3 Global Automotive Hoses Market Outlook, By Stainless Steel Type (2021-2030) ($MN)          
4 Global Automotive Hoses Market Outlook, By Copper Type (2021-2030) ($MN)          
5 Global Automotive Hoses Market Outlook, By Other Types (2021-2030) ($MN)          
6 Global Automotive Hoses Market Outlook, By Vehicle Type (2021-2030) ($MN)          
7 Global Automotive Hoses Market Outlook, By Passenger Vehicle (2021-2030) ($MN)          
8 Global Automotive Hoses Market Outlook, By Heavy Commercial Vehicle (HCVs) (2021-2030) ($MN)          
9 Global Automotive Hoses Market Outlook, By Light Commercial Vehicle (LCVs) (2021-2030) ($MN)          
10 Global Automotive Hoses Market Outlook, By Two Wheelers (2021-2030) ($MN)          
11 Global Automotive Hoses Market Outlook, By Other Vehicle Types (2021-2030) ($MN)          
12 Global Automotive Hoses Market Outlook, By Material Type (2021-2030) ($MN)          
13 Global Automotive Hoses Market Outlook, By Plastic Automotive Hoses (2021-2030) ($MN)          
14 Global Automotive Hoses Market Outlook, By Metal Automotive Hoses (2021-2030) ($MN)          
15 Global Automotive Hoses Market Outlook, By Rubber Automotive Hoses (2021-2030) ($MN)          
16 Global Automotive Hoses Market Outlook, By Other Material Types (2021-2030) ($MN)          
17 Global Automotive Hoses Market Outlook, By Application (2021-2030) ($MN)          
18 Global Automotive Hoses Market Outlook, By Coolant Hoses (2021-2030) ($MN)          
19 Global Automotive Hoses Market Outlook, By Turbo Charger Hoses (2021-2030) ($MN)          
20 Global Automotive Hoses Market Outlook, By Air Conditioning Hoses (2021-2030) ($MN)          
21 Global Automotive Hoses Market Outlook, By Windshield Washer Fluid Hoses (2021-2030) ($MN)          
22 Global Automotive Hoses Market Outlook, By Fuel Hoses (2021-2030) ($MN)          
23 Global Automotive Hoses Market Outlook, By Brake Hoses (2021-2030) ($MN)          
24 Global Automotive Hoses Market Outlook, By Other Applications (2021-2030) ($MN)          
25 Global Automotive Hoses Market Outlook, By Sales Channel (2021-2030) ($MN)          
26 Global Automotive Hoses Market Outlook, By Aftermarket (2021-2030) ($MN)          
27 Global Automotive Hoses Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN)          
28 Global Automotive Hoses Market Outlook, By Other Sales Channels (2021-2030) ($MN)          
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.           

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials