automotive-belts-and-hoses-market
Published

August 2016

Global Automotive Belts and Hoses Market - Analysis of Growth, Progress Trends and Challenges (2016 - 2021)

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The global automotive belts and hoses market is poised to grow at a CAGR of 6.2% and is expected to touch USD XX million by 2021. The belts and hoses sector grows in accordance with the rise in demand for powertrains and other ancillary components. In 2015, Asia-Pacific had the highest share of XX% followed by North America and Europe with XX% and XX% respectively in the market. The stringency of emission control norms of EPA and CAFÉ have led to the improvements in exhaust and turbocharger hoses.

The role of belts and hoses is crucial in vehicles as they are accountable for overall vehicle performance. Belts are an integral part of the engine’s powertrain system that transmits power from flywheel to the camshaft. Fuel-efficiency is related with belts as they regulate the valve positioning. Drive belts and timing belts are two categories of belts. Hoses are flexible pipes that allow the transportation of fluids with varying pressures. Brake hoses, power steering hoses, turbocharger hoses are a few types of hoses.

The key driving factors for the growth of global automotive belts and hoses market are rising global vehicle production, increasing adoption of turbochargers in the vehicles and fuel efficiency trends. The major restraint affecting the market is the shifting focus towards electric vehicles.

The market is segmented by belt application type (drive and timing), hose application type (brake, power steering, cooling and heating, turbochargers), sales channel (OEM’s, aftermarket) and by geography (North America, South America, Europe, Asia-pacific, Africa and the Middle East).

Some of the key market players are:

  • ContiTech AG
  • Cooper Standard Holding Inc.
  • Dayco
  • Goodyear belts and hoses
  • Robert Bosch GmbH
  • Toyoda Gosei Co. Ltd

What the Report Offers

  • Market analysis for the Automotive Belts and Hoses Market, with region specific assessments and competition analysis on the global and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario and rising prospective opportunities, along with the identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.

 

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