Global Automotive Rubber Hoses Industry Competitive Analysis - Ken Research

1. Evolution in Lightweight and Durable Automotive Rubber Hoses to Drive Global Market in Future: Ken Research

2. Transportation of fluids such as coolant, fuel and lubricants within an automobile is an integral process that is carried out by flexible conduits which are known as automotive rubber hoses. On an average, automobiles use a variety of hoses and pipes within the engine. Every hose and pipe is a crucial component that ensures proper functioning of the engine component. Any defective hose may cause engine overheating, coolant loss, fuel supply disruption, and lead to increase in vehicle downtime. Automotive hoses are used for transferring volatile and high temperature liquids and gases, from the engine after combustion to the exhaust system. Almost all the automotive rubber hoses manufactured and used globally are made up of rubber or any of its variants. Along with transmission of various fluids, automotive rubber hoses effectively convey pressure from one actuation point to another in a hydraulic circuit and function as a medium to create vacuum wherever necessary within an automobile. Automotive rubber hoses are designed in view of various parameters such as application, working conditions, pressure ratings, compatibility with varying chemicals and fluids.

3. HVAC, braking and steering systems need the use of automotive hoses to ensure smooth functioning of a vehicle. The demand for better performance and efficiency in automobiles without compromising on fuel consumption globally has led to the inclusion of turbochargers in the power unit system of a vehicle which is driving the growth of long lasting and extra durable automotive rubber hoses. According to the study “Global Automotive Rubber Hoses Industry Situation and Prospects Research report”, automotive hoses are made of synthetic materials such as heavy duty plastics and the composites are costlier than hoses made of rubber, encouraging the consumers to opt for alternatives such as automotive rubber hoses. The stringent emission norms and regulations implemented by various governments across the globes every year is also a major factor encouraging the manufacturers to build durable rubber hoses. Global automotive rubber hoses market is segmented based on vehicle type such as passenger cars, light commercial vehicles, heavy commercial vehicles, special purpose vehicles and two wheelers. Automotive rubber hoses are used as turbocharger hoses, engine heating, cooling and radiator hoses, air conditioning hoses, lubrication hoses, transmission hoses, brake hoses and fuel hoses. Various types of automotive rubber hoses are non-reinforced rubber hoses and metal-reinforced rubber hoses

4. Geographically, automotive rubber hoses market is spread across North America (U.S., Canada), Latin America (Mexico, Brazil and Rest of Latin America), Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe), Eastern Europe (Poland, Russia and Rest of Eastern Europe), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan and Middle East and Africa (GCC, S. Africa, and Rest of MEA). North America accounts for major share of the automotive rubber hoses market, followed by Canada due to flourishing automotive industry. Asia Pacific region is on par with North America with the increase in vehicle production in China, India and Japan. Africa, Mexico and Brazil are creating attractive opportunities for the automotive rubber hoses market with the establishment of many well-known automobile manufacturers. The leading vendors in global automotive rubber hoses market are Eaton, Hutchinson, Nichirin, Sumitomo Riko, TOYODA GOSEI, Belmont Rubber, Codan Rubber, Continental, DuPont, KraussMeffei Berstorff, Ningbo Fengmao Far-East Rubber, Shanghai Shangxiang Automotive Hoses, Shore Auto Rubber Exports, and Viad Elastomer Processors.

5. The increasing sales of LPG and CNG vehicles on a global scale has led to a huge demand for specifically built automotive rubber hoses. The major market challenge is the fluctuation in the price of available natural rubber. Therefore, majority of the global automotive rubber hoses manufacturers are investing heavily in R&D to manufacture lightweight and durable automotive rubber hoses. Global increase in production of automobiles, modernization, increase in consumer disposable income and need for a personal vehicle per individual are the major factors driving the growth of the automobile and rubber hose market over the next few years. To know, more click on the link below: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/global-automotive-rubber-hoses-industry-situation-and-prospects-research-report/145671-100.html

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