Report Description
A recent market
intelligence report that is published by Data Insights Partner on Automotive
Engine Belt And Hose market makes an
offering of in-depth analysis of segments and sub-segments in the regional and international
Automotive
Engine Belt And Hose market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and world Automotive Engine Belt and Hose market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Automotive
Engine Belt & Hose market is offered. In
accordance with the report, the global Automotive Engine Belt & Hose
market is projected to expand at a CAGR of 9.5% over the period of forecast.
Market Insight, Drivers, Restraints
& Opportunity of the Market:
Hoses are flexible tubes, which allows
the smooth transmission of fluids in automobiles and are used for applications
such as braking, steering, cooling, heating and others. The design of a hose is
based on a combination of performance and application. In addition, there are
number of factors such as straight hose or coil hose, chemical compatibility,
length, pressure rating, weight and size, are considered before making proper
fitments for a hose in an automobile. Hoses can be made from a single type of
material or a combination of two or more materials. Some of the most commonly
used materials used for the manufacturing of hoses are PVC, polyurethane,
nylon, polyethylene, natural rubber and synthetic. Belts are automotive components that help in the synchronization of
camshaft and crankshaft for the proper functioning of valve opening. Timing
belt is a crucial type of engine belt, which is an integral part of an engine.
This belt ensures the proper opening and closing of valves during the intake
and exhaust in each cylinders existing in the engine. The process is carried
out by the synchronized rotation of camshaft and crankshaft. A timing belt is
actually a drive belt with teeth on its interior surface and a timing chain is
basically a roller chain, which is a vital component of a timing belt. The
drive belt is another essential component, which is also known as a serpentine
belt used for propelling various automotive components such as water pump,
power steering, alternator, air conditioning pump, air pump and water pump of
an automobile engine. Increasing production of vehicles across the globe
coupled with high disposable income of automobile consumers and growth in the
automotive sector is set to bolster the growth of automotive engine belt and
hose market globally. In addition, high penetration of automotive engine belt
and hose manufacturers in emerging markets of Asia Pacific, Middle East and
Africa, and Latin America is another vital reason propelling the growth of this
market. Moreover, demand for lightweight and advanced automotive engine belt
and hose, achieving all government regulations and CAFÉ standards is positively
influencing the growth of the global automotive engine belt and hose market.
However, high research and development cost associated with the development of
efficient and environment-friendly engine belt and hose is set to inhibit the
market in the short-term. Stringent regulations and emission guidelines set up
by the government of various countries are putting an immense amount of
pressure on automakers to develop lightweight and environment-friendly engine
belt and hose. This will result in the weight reduction of the engine and the
overall vehicle, thereby increasing the fuel efficiency and reducing the
emission of vehicle.
Geographically, Automotive Engine Belt & Hose market is segmented into North America, Europe, Asia Pacific,
Middle East, Africa and South America. The market in
North America and Europe tends to be a bit saturated but the market is expected
to remain stable during the forecast period. By the end of the forecast period,
Asia Pacific and South America are expected to show significant growth. The
U.S. is the largest market for automotive hoses in the North American region
followed by Canada and Mexico. Furthermore, the demand for hoses is expected to
witness strong growth from countries like India, China, Brazil and Russia among
others in the next few years.
Segment Covered:
This market
intelligence report on the global Automotive Engine Belt & Hose market encompasses market segments based on belt type, hose application type and vehicle
type. The belt type segment can be
classified as timing belt and drive belt. Based on hose application type, the
market has been segregated into different types which includes steering, turbocharger,
braking, heating and cooling, and fuel delivery. On the basis of vehicle type,
the market has been classified into heavy commercial vehicles, passenger
vehicles and light commercial vehicles.
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as Toyoda Gosei Co. Ltd., Continental AG, Yokohama Rubber Co. Ltd., Sumitomo
Riko Co. Ltd., Pinafore Holdings B.V., Schaeffler AG, Cooper Standard Holdings
Inc., Bando Chemical Industries Ltd., Hutchinson SA. and Nichirin Co. Ltd.
among others. among others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Automotive Engine Belt & Hose market related investment & spending and
developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Automotive Engine Belt & Hose market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2017
as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
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This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
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Profiling of
key market players in the world Automotive Engine Belt & Hose market is done by taking into account various parameters such
as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
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Leading
market players covered this report comprise names such as Toyoda Gosei Co. Ltd., Continental AG,
Yokohama Rubber Co. Ltd., Sumitomo Riko Co. Ltd., Pinafore Holdings B.V.,
Schaeffler AG, and Cooper Standard Holdings Inc., among others
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The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Automotive Engine Belt & Hose market caters to the needs of various stakeholders pertaining to
this industry, namely suppliers, product manufacturers, investors, and
distributors for Automotive Engine Belt & Hose market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
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Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
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Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a
strong understanding of the investment opportunities in the Automotive
Engine Belt & Hose market
v
Identification
of key factors driving investment opportunities in the Automotive
Engine Belt & Hose market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants