Market Overview:
The global automotive engine belt and hose market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing awareness about vehicle maintenance are also contributing to the growth of this market. The automotive engine belt segment is expected to dominate the global automotive engine belt and hose market during the forecast period from 2018 to 2030. This segment is anticipated to grow at a CAGR of 5.8% during this period owing to its high demand in passenger vehicles across different regions globally.
Product Definition:
An automotive engine belt and hose is a system of hoses and belts that transfer power from the engine to the car's accessories. The belt is a loop of fabric or rubber that goes around the outside of the cylinders in the engine. It connects to pulleys on either end, which turn as the engine runs and power various devices like the alternator, water pump, and air conditioning compressor. The hoses are made of rubber or plastic and carry pressurized fluids like oil or coolant between different parts of the engine. They're attached to fittings called nipples, which screw into place on components like radiators, cylinders heads, or oil pans.
Automotive Engine Belt:
Automotive Engine Belt, also known as timing belt or power train belt is a rubber or plastic coated fabric that is used to transmit the mechanical energy of a vehicle's engine. The primary function of an automotive engine belt is to provide tension for the alternator and to help drive the accessories such as cooling fans, water pumps and fuel injectors.
Automotive Engine Hose:
Automotive engine hoses are rubber or plastic tubes that are used to seal the gap between the engine and its cover. They also provide a water tight seal around the outer edge of an automotive engine. The main function of these hoses is to prevent water, dust, and other debris from getting into places where it can damage sensitive internal components such as pistons or bearings.
Application Insights:
The passenger vehicles segment held the largest share of over 60.0% in 2017. The growth can be attributed to increasing demand for passenger vehicles, especially in emerging economies such as China, India and Brazil. In addition, stringent government regulations regarding reduction in vehicular emissions are expected to drive the demand for automotive engine belts and hoses over the forecast period.
Commercial vehicle application is projected to witness significant growth owing to rising investments by companies such as Caterpillar Inc., Deere & Co., and Kubota Corporation among others for research & development on heavy-duty diesel engines that meet environmental standards coupled with growing industrialization activities across developing countries including China, India and Brazil which is likely to propel product demand from 2018 through 2030.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing vehicle production and sales, coupled with rising disposable income levels among consumers.
The Asia Pacific regional market is characterized by key players such as Johnson Control Inc.; Hyundai Motor Company; Toyota Industries Corporation; and Honda Motor Co., Ltd., which have been consistently investing in R&D activities for developing advanced automotive products that meet stringent industry standards across various applications. This has resulted in high demand for automotive belts & hoses across this region, thereby boosting the overall market growth from 2018 to 2030 time frame.
Europe accounted for a major share of revenue due to stringent government regulations regarding fuel economy performance of vehicles along with air pollution control standards set by European Union (EU).
Growth Factors:
- Increasing demand for automobiles: The global automotive engine belt and hose market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for automobiles across the globe.
- Technological advancements: The market is witnessing technological advancements in terms of product design and manufacturing processes, which is resulting in increased efficiency and performance of automotive engine belts and hoses. This is further propelling the growth of the market.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the globe, which is necessitating use of high-quality automotive engine belts and hoses in vehicles. This is driving the growth of the global automotive engine belt and hose market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Engine Belt and Hose Market Research Report
By Type
Automotive Engine Belt, Automotive Engine Hose
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Continental, Toyoda Gosei, Sumitomo Riko, Yokohama Rubber, Pinafore, Cooper Standard, Schaeffler, Bando Chemical Industries, Nichirin, Hutchinson, Continental
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Engine Belt and Hose Market Report Segments:
The global Automotive Engine Belt and Hose market is segmented on the basis of:
Types
Automotive Engine Belt, Automotive Engine Hose
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- Toyoda Gosei
- Sumitomo Riko
- Yokohama Rubber
- Pinafore
- Cooper Standard
- Schaeffler
- Bando Chemical Industries
- Nichirin
- Hutchinson
- Continental
Highlights of The Automotive Engine Belt and Hose Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automotive Engine Belt
- Automotive Engine Hose
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Engine Belt and Hose Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive engine belt and hose is a system used to transfer power from the engine to the drivetrain. The belt transfers power from the crankshaft via pulleys and gears, while the hose directs this power to either the transmission or rear axle.
Some of the major companies in the automotive engine belt and hose market are Continental, Toyoda Gosei, Sumitomo Riko, Yokohama Rubber, Pinafore, Cooper Standard, Schaeffler, Bando Chemical Industries, Nichirin, Hutchinson, Continental.
The automotive engine belt and hose market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Engine Belt and Hose Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Engine Belt and Hose Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Engine Belt and Hose Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Engine Belt and Hose Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Engine Belt and Hose Market Size & Forecast, 2020-2028
4.5.1 Automotive Engine Belt and Hose Market Size and Y-o-Y Growth
4.5.2 Automotive Engine Belt and Hose Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Automotive Engine Belt
5.2.2 Automotive Engine Hose
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Engine Belt and Hose Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Engine Belt and Hose Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Automotive Engine Belt
9.6.2 Automotive Engine Hose
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Automotive Engine Belt
10.6.2 Automotive Engine Hose
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Automotive Engine Belt
11.6.2 Automotive Engine Hose
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Automotive Engine Belt
12.6.2 Automotive Engine Hose
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Automotive Engine Belt
13.6.2 Automotive Engine Hose
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Engine Belt and Hose Market: Competitive Dashboard
14.2 Global Automotive Engine Belt and Hose Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Toyoda Gosei
14.3.3 Sumitomo Riko
14.3.4 Yokohama Rubber
14.3.5 Pinafore
14.3.6 Cooper Standard
14.3.7 Schaeffler
14.3.8 Bando Chemical Industries
14.3.9 Nichirin
14.3.10 Hutchinson
14.3.11 Continental
