Global Automotive Belts and Hoses Market

Automotive Belts and Hoses Market by Hose Types (Power Steering System Hoses, Heating and Cooling System Hoses, Fuel Delivery System Hoses, Braking System Hoses, and Turbocharger Hoses), Belt Types (Timing Belt and Drive Belt), Vehicle Types (Commercial Vehicles and Passenger Cars), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-2483
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 188
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The global automotive belts and hoses market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for powertrains and other ancillary components.

Global Automotive Belts and Hoses Market summary

The overall performance of vehicles depends on belts and hoses. Timing belt and drive belts are two types of belts used in the car. The integral part of the engine powertrain system is belt as it transfers power from flywheel to camshaft. Belts balance the valve positioning, a crucial factor for fuel efficiency. Various types of hoses power steering hoses, brake hoses, and turbocharger hoses exist in the market. The varying pressure hoses allow the transportation of fluids.

The COVID-19 outbreak has affected the demand and production owing to disruption in the supply chain.

Market Trends, Drivers, Restraints, and Opportunities

  • Improvement in exhaust and turbocharger hose designs due to the stringent emission control norms of EPA and CAFE is estimated to propel the market growth.
  • Increasing sales of hybrid and electric vehicles and demand for high-performance and lightweight belts and hoses are anticipated to spur the growth of the market.
  • Rising global vehicle production and adoption of turbochargers in vehicles is speculated to contribute to the growth of the market.
  • Shifting focus toward electric vehicle (EV) can restrain the automotive belts and hoses market.
  • The belts and hoses get damage after certain time as they undergoes wear and tear. Thus, regular changing of belts and hoses can create challenges for the market growth.
  • Growing adoption of electrically assisted power steering is expected to drive the power steering hoses market.

Scope of the Report

The report on the global automotive belts and hoses market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Belts And Hoses Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Hose Types (Power Steering System Hoses, Heating & Cooling System Hoses, Fuel Delivery System Hoses, Braking System Hoses, and Turbocharger Hoses), Belt Types (Timing Belt and Drive Belt), and Vehicle Types (Commercial Vehicles and Passenger Cars)

Regional Scope

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

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ACDelco; TOYODA GOSEI Co., Ltd.; Sumitomo Riko Company Ltd.; Goodyear Tire & Rubber Company; and Continental AG.

Automotive Belts and Hoses Market Segment Insights

Power steering system hoses segment to grow at a rapid pace

Based on hose types, the automotive belts and hoses market is segregated into power steering system hoses, heating & cooling system hoses, fuel delivery system hoses, braking system hoses, and turbocharger hoses. The power steering system hoses segment is  estimated to grow at a rapid pace due to the adoption of electrically assisted power steering and rising technological advancements in power steering system.

Global Automotive Belts and Hoses Market hose types

Drive belt segment to expand at a robust CAGR

On the basis of belt types, the automotive belts and hoses market is bifurcated into timing belt and drive belt. The drive belt segment is projected to expand at a considerable CAGR during the forecast period. Drive belt is used in engine to drive the alternator from the crankshaft power steering pump, and AC compressor that is strengthened by multiple V-belts. On the other hand, the timing segment is anticipated to account for a major market share in the projected timeline. Crankshaft turns into camshaft due to notched rubber. The movement of the engine piston is adjusted by camshaft.

Global Automotive Belts and Hoses Market belt types

Passenger car segment is projected to account for a significant market share

In terms of vehicle types, the market is categorized as commercial vehicles and passenger cars. The passenger car segment is projected to account for a significant market share during the forecast period due to constant increase in production of passenger cars.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the automotive belts and hoses market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period owing to rapid industrialization in emerging economies such as India and China. Moreover, favorable policies have encouraged foreign companies to invest in these countries.
 

Segments

Segments Covered in the Report
The automotive belts and hoses market has been segmented on the basis of
Hose Types

  • Power Steering System Hoses
  • Heating & Cooling System Hoses
  • Fuel Delivery System Hoses
  • Braking System Hoses
  • Turbocharger Hoses

Belt Types

  • Timing Belt
  • Drive Belt

Vehicle Types

  • Commercial Vehicles
  • Passenger Cars

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

  • ACDelco
  • TOYODA GOSEI Co., Ltd.
  • Sumitomo Riko Company Ltd.
  • Goodyear Tire & Rubber Company
  • Continental AG.

 

Competitive Landscape

The key players competing in the automotive belts and hoses market are ACDelco, TOYODA GOSEI Co., Ltd., Sumitomo Riko Company Ltd., Goodyear Tire & Rubber Company, and Continental AG.

Global Automotive Belts and Hoses Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Belts and Hoses Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Belts and Hoses Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Belts and Hoses Market - Supply Chain
  4.5. Global Automotive Belts and Hoses Market Forecast
     4.5.1. Automotive Belts and Hoses Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Belts and Hoses Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Belts and Hoses Market Absolute $ Opportunity
5. Global Automotive Belts and Hoses Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automotive Belts and Hoses Market Size and Volume Forecast by Types
     5.3.1. Hose Types
     5.3.2. Power Steering System Hoses
     5.3.3. Heating & Cooling System Hoses
     5.3.4. Fuel Delivery System Hoses
     5.3.5. Braking System Hoses
     5.3.6. Turbocharger Hoses
     5.3.7.
     5.3.8. Belt Types
     5.3.9.
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Belts and Hoses Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive Belts and Hoses Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive Belts and Hoses Demand Share Forecast, 2019-2026
7. North America Automotive Belts and Hoses Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automotive Belts and Hoses Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive Belts and Hoses Market Size and Volume Forecast by Types
     7.4.1. Hose Types
     7.4.2. Power Steering System Hoses
     7.4.3. Heating & Cooling System Hoses
     7.4.4. Fuel Delivery System Hoses
     7.4.5. Braking System Hoses
     7.4.6. Turbocharger Hoses
     7.4.7.
     7.4.8. Belt Types
     7.4.9.
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive Belts and Hoses Demand Share Forecast, 2019-2026
8. Latin America Automotive Belts and Hoses Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automotive Belts and Hoses Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive Belts and Hoses Market Size and Volume Forecast by Types
     8.4.1. Hose Types
     8.4.2. Power Steering System Hoses
     8.4.3. Heating & Cooling System Hoses
     8.4.4. Fuel Delivery System Hoses
     8.4.5. Braking System Hoses
     8.4.6. Turbocharger Hoses
     8.4.7.
     8.4.8. Belt Types
     8.4.9.
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive Belts and Hoses Demand Share Forecast, 2019-2026
9. Europe Automotive Belts and Hoses Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automotive Belts and Hoses Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive Belts and Hoses Market Size and Volume Forecast by Types
     9.4.1. Hose Types
     9.4.2. Power Steering System Hoses
     9.4.3. Heating & Cooling System Hoses
     9.4.4. Fuel Delivery System Hoses
     9.4.5. Braking System Hoses
     9.4.6. Turbocharger Hoses
     9.4.7.
     9.4.8. Belt Types
     9.4.9.
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive Belts and Hoses Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive Belts and Hoses Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive Belts and Hoses Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive Belts and Hoses Market Size and Volume Forecast by Types
     10.4.1. Hose Types
     10.4.2. Power Steering System Hoses
     10.4.3. Heating & Cooling System Hoses
     10.4.4. Fuel Delivery System Hoses
     10.4.5. Braking System Hoses
     10.4.6. Turbocharger Hoses
     10.4.7.
     10.4.8. Belt Types
     10.4.9.
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive Belts and Hoses Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Belts and Hoses Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive Belts and Hoses Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive Belts and Hoses Market Size and Volume Forecast by Types
     11.4.1. Hose Types
     11.4.2. Power Steering System Hoses
     11.4.3. Heating & Cooling System Hoses
     11.4.4. Fuel Delivery System Hoses
     11.4.5. Braking System Hoses
     11.4.6. Turbocharger Hoses
     11.4.7.
     11.4.8. Belt Types
     11.4.9.
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive Belts and Hoses Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive Belts and Hoses Market: Market Share Analysis
  12.2. Automotive Belts and Hoses Distributors and Customers
  12.3. Automotive Belts and Hoses Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ACDelco
     12.4.2. TOYODA GOSEI Co., Ltd.
     12.4.3. Sumitomo Riko Company Ltd.
     12.4.4. Goodyear Tire & Rubber Company
     12.4.5. Continental AG.

Segments Covered in the Report
The automotive belts and hoses market has been segmented on the basis of
Hose Types

  • Power Steering System Hoses
  • Heating & Cooling System Hoses
  • Fuel Delivery System Hoses
  • Braking System Hoses
  • Turbocharger Hoses

Belt Types

  • Timing Belt
  • Drive Belt

Vehicle Types

  • Commercial Vehicles
  • Passenger Cars

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

  • ACDelco
  • TOYODA GOSEI Co., Ltd.
  • Sumitomo Riko Company Ltd.
  • Goodyear Tire & Rubber Company
  • Continental AG.

 

The key players competing in the automotive belts and hoses market are ACDelco, TOYODA GOSEI Co., Ltd., Sumitomo Riko Company Ltd., Goodyear Tire & Rubber Company, and Continental AG.

Global Automotive Belts and Hoses Market keyplayers

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