Global Automotive Belts and Hoses Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 – 2025

Published - Aug 2018 | Category - Automobile & Transportation | No. of Pages - 101 | Published By - ARC

Introduction

Automotive belts helps the engine to drive large components which require some external power inputs for its smooth functioning. Large number of production of commercial and passenger vehicles have amplified the demand for automotive belts and hoses in the recent years. They provide benefits such as temperature resistance, chemical resistance, excellent pulse and vibration behavior, and longevity among others. This market can be divided on the basis of belt type (Drive Belts, Timing Belts), hose application type (Fuel Delivery System Hoses, Braking System Hoses, Power Steering System Hoses, Heating and Cooling System Hoses, Turbocharger Hoses, Others), distribution channel (Aftermarket & OEM), and vehicle type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) among others.

Market Dynamics

Augment in the growth of automotive industry has led to increase in demand for automotive belts and hoses. In addition to this, the adoption of electrically assisted power steering and turbochargers is also anticipated to fuel the growth of global automotive belts and hoses market over the forecast period. Increasing awareness pertaining to fuel efficiency has also propelled the growth of global automotive belts and hoses market. However, increasing demand for electric vehicles is expected to hamper the growth of the market over the forecast period.


 

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