Automotive Rubber Hose Market, By Type (Neoprene Automotive Hose, and Ethylene Propylene Automotive Hose), By Application (Automobile, Steamship, and Motorcycle), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI308919 | Publish Date: April 2024 | No. of Pages: 180

Global Automotive Rubber Hose Market Overview

Automotive Rubber Hose Market was valued at US$ 21.9 billion in 2024 and is projected to grow at a CAGR of 8.7% to reach US$ 46.7 billion by 2034.

Automotive rubber hoses are designed to manage fluids, gases, and pressure in automobile systems by employing certain rubber compounds. Rubber hose for automobiles is a crucial component of both heating and cooling systems. They are composed of materials involving rubber, as they have great flexibility and durability. They are able to withstand both high pressure and temperatures. These are fitted to extend the performance of vehicles. Rubber hoses with excellent quality and low weight are highly sought after in the industry. Utilizing these rubber hoses for vehicles can help them operate more fuel-efficiently. The market share of automotive rubber hoses is expected to have significant growth and development due to all of these factors.

Rubber hoses find widespread application in automobiles for a variety of purposes, including power steering, coolant, brake, and gasoline lines. Rubber hose demand is primarily driven by the expansion of the automotive industry and rising vehicle manufacturing. The growing need for robust and lightweight rubber hoses is one of the major market driver in the automotive rubber hose industry. Manufacturers are searching for lighter materials to reduce the weight of their vehicles as environmental concerns and fuel efficiency have become more important factors. Manufacturers of vehicles desire rubber hoses with excellent flexibility and reduced weight. Rubber hose producers must be creative to adapt to this trend by concentrating on creating new materials and technologies.

However, a major restraining factor for the growth of the target market is the cost of production and profitability which may be impacted by changes in the price of rubber and other raw materials. In addition, certain hose types which are used in conventional fuel-powered vehicles might reduce in demand as electric vehicles become more prevalent over the period.

Automotive Rubber Hose Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Automotive Rubber Hose Market Dynamics

Automotive Rubber Hose Market Key Drivers:

  • Increasing industry demand for durable rubber hoses

Durable rubber hoses are growing in demand as the need for automobiles grow globally. In certain situations, the vehicles could have to withstand extremely high temperatures or abrupt pressure changes. Controlling temperature and pressure fluctuations can be greatly aided by installing rubber hoses. The equipment is being merged with the significant advancement of self-healing capabilities. The government is enforcing a number of laws and regulations pertaining to the carbon emissions that automobiles emit. By using these rubber hoses, the amount of pollutants released into the environment will be decreased significantly.

  • Developments in Technology

Automotive rubber hoses that are robust, resistant to heat, and chemically inert have been made possible by developments in materials science and hose design. Therefore, these upgraded hoses enable more complicated emission systems and smaller, more potent turbocharged engines for more economy and less environmental effect.

Automotive Rubber Hose Market Restrains:

The market for automotive rubber hoses is susceptible to changes in the cost of raw materials such as additives, synthetic rubber, and strengthening fibres. Automotive rubber hose production costs can be impacted by price volatility in raw material markets, which can have an effect on suppliers' and manufacturers' profit margins. Companies find it difficult to plan production, control inventory, and set competitive prices for their products when there is an uncertainty about the price of raw materials.

Automotive Rubber Hose Market Opportunities:

The transition to hybrid and electric cars pose a big opportunity to the market, as it requires special rubber hoses for their electric motors and cooling systems. Rubber hoses used in electric vehicles are predicted to grow in demand as the market for these vehicles continues to expand. Rubber hose producers should also be able to expand their business due to the growth of aftermarket sector. Rubber hoses in cars eventually wear out and need to be replaced as they get older. Since a large number of vehicles are being utilized around the world, there is an increasing aftermarket need for rubber hoses, which presents a profitable potential for manufacturers.

Global Automotive Rubber Hose Market Segmentation

Automotive Rubber Hose Market is segmented based on type, application, and region.

Type Insights

  • Neoprene Automotive Hose: Neoprene automotive hose segment is expected to dominate the target market over the forecast period. These hoses are appropriate for coolant and fuel lines because of their strong resistance to weathering, heat, and oil. The growing number of electric vehicles (EVs) is influencing demand since they can have differing fluid transfer needs and shifting material preferences.
  • Ethylene Propylene Automotive Hose: Ethylene propylene automotive hose segment consists of hoses which have good resistance to a variety of chemicals, heat, ozone, and weathering. They are often found in brake fluid lines and cooling systems.
  • Application Insights
  • Automobile: Automobile segment is expected to dominate the target market over the forecast period. Automotive rubber hoses are essential parts of the air intake, braking, power steering, cooling, and fuel delivery systems of automobiles.
  • Steamship: Steamship segment demand is driven by the requirement for strong hoses in maritime environments and in shipyard activities.
  • Motorcycle: Motorcycle segment require rubber hoses for providing fluid transport and temperature regulation duties, making them crucial parts of motorcycle cooling, braking, and fuel systems.

Regional Insights:

Automotive Rubber Hose Market-Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Automotive Rubber Hose Market Regional Insights

  • North America market is estimated to witness fastest revenue share due to growing interests for fuel-efficient automobiles and the strict laws governing car emissions. The target market growth can also be attributed to the presence of major automakers in the region.
  • Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to the growing automobile sector, especially in China and India. The use of high-quality materials, government laws and regulations, and the accelerated expansion of the automobile industry over the last few decades have all aided in the development of the target market in this region.
  • Europe market is expanding steadily and is driven by strict rules and regulations with an emphasis on eco-friendly products. Additionally, the technological developments improve the longevity and durability of hoses in many applications, which further propel the market growth.
  • Latin America market is an emerging region due to factors like the growing vehicle industry. In addition, the growing need for spare parts in the aftermarket industry and cost-effective remedies have further pushed the market forward.
  • Middle East & Africa market is in its developmental stages and is driven by the growth opportunities associated with growing automotive market and infrastructure development. The market can further benefit with the rise in demand of high-performance hoses which are made to withstand difficult conditions and severe weather

Report Scope:

Attribute

Details

Market Size 2024

US$  21.9 billion

Projected Market Size 2034

US$  46.7 billion

CAGR Growth Rate

8.7%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Neoprene Automotive Hose, and Ethylene Propylene Automotive Hose

By Application - Automobile, Steamship, and Motorcycle

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Automotive Rubber Hose Market report based on type, application and region:

Automotive Rubber Hose Market, By Type:

  • Neoprene Automotive Hose
  • Ethylene Propylene Automotive Hose

Automotive Rubber Hose Market, By Application:

  • Automobile
  • Steamship
  • Motorcycle

Automotive Rubber Hose Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Automotive Rubber Hose Market Key Players

The key players operating the Automotive Rubber Hose Market includes, Continental AG, Toyoda Gosei Co Ltd., Manuli Rubber Industry SaP., Parker Hannifin Corp., Gates Corp., Codan Rubber Danmark A/S, Hwaseung, Sichuan ChuanHuan, ZhongGuan, and DTR Industries Inc.

Global Automotive Rubber Hose Market Key Issues Addressed

  • In December 2019, Gates debuted the MXG 4K rubber hydraulic hose in India. The product is significant to the automotive and industrial industries and has design features that include being lightweight, small, and incredibly flexible. With this launch, Gates will be able to grow its business in India.

Global Automotive Rubber Hose Market Company Profile

  • Continental AG*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Toyoda Gosei Co Ltd.
  • Manuli Rubber Industry SaP.
  • Parker Hannifin Corp.
  • Gates Corp.
  • Codan Rubber Danmark A/S
  • Hwaseung
  • Sichuan ChuanHuan
  • ZhongGuan
  • DTR Industries Inc.

“*” marked represents similar segmentation in other categories in the respective section

Global Automotive Rubber Hose Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Neoprene Automotive Hose
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ethylene Propylene Automotive Hose
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Automobile
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Steamship
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Motorcycle
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Continental AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Toyoda Gosei Co Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Manuli Rubber Industry SaP.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Parker Hannifin Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gates Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Codan Rubber Danmark A/S
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hwaseung
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sichuan ChuanHuan
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ZhongGuan
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DTR Industries Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Automotive Rubber Hose Market is segmented into Type, Application, and Region.

Key drivers include increased industrialization, growth in construction and infrastructure projects, and the need for efficient material handling solutions.

Restraints may include fluctuating raw material prices, environmental concerns related to rubber production, and potential challenges in meeting stringent emissions and safety standards.

Global regions considered are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate, driven by the presence of major automotive manufacturing hubs, increased vehicle production, and growing infrastructure development in countries like China and India.

The key players operating the target market includes, Continental AG,Toyoda Gosei Co Ltd.,Manuli Rubber Industry SaP.,Parker Hannifin Corp.,Gates Corp.,Codan Rubber Danmark A/S,Hwaseung,Sichuan ChuanHuan,ZhongGuan,DTR Industries Inc.