Automotive Hoses Market Size Worth $45.36 Billion By 2032 | CAGR: 7.8%

The global automotive hoses market size is expected to reach USD 45.36 billion by 2032, according to a new study by Polaris Market Research. The report “Automotive Hoses Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type (Passenger Vehicles, Heavy Commercial Vehicles, Light Commercial Vehicle, and Two Wheelers); By Material Type; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The overall expansion of the automotive market all over the world, including the production and sales of vehicles and growing innovations in the automotive sector like electric and hybrid vehicles that often require specialized hoses to efficiently accommodate new fluids and cooling systems, coupled with the surging focus of government agencies towards reducing vehicle emissions and improving the fuel efficiency, are among the prominent factors expected to boost the global market growth over the years.

• For instance, in June 2023, Semperit announced that the company is expanding its hose production capacities, with the start of construction of the world’s first C02 neutral hose production facility, which will strengthen the company’s position as the global market leader for hydraulic hoses.

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In recent years, leading manufacturers around the world have been exploring new materials with improved properties such as heat resistance, flexibility, and durability. They are focusing on the utilization of high-performance materials like silicone, fluoropolymers, and thermoplastics to create hoses that can withstand extreme temperatures and harsh chemicals, which is likely to contribute significantly towards the growth of the market. For example, Yokohama Rubber said that the company is developing environment-friendly automotive AC hoses with the help of rubber-resin alloy. It is shaped like a sea island, which brings gas barrier features while maintaining the heat resistance & flexibility of the rubber.

With the exceptional increase in the number of government initiatives promoting the adoption of electric vehicles through various schemes, including tax benefits and subsidies on the purchase of electric vehicles, in order to maintain the growing emission levels by conventional vehicles, the demand for automotive hoses in these vehicles has grown drastically over the years.

Automotive Hoses Market Report Highlights

• Passenger vehicles segment accounted for the largest share on account of rising sales of passenger vehicles equipped with advanced automotive hoses
• The metal automotive hoses segment led the industry market due to their beneficial properties, including longevity, durability, and chemical compatibility
• The turbocharger hoses segment will grow at a significant pace, mainly accelerated by the rising use of automotive hoses in turbochargers to provide higher power output
• Europe region dominated the global market, owing to continuous increase in sales of automobiles and growing technological advancements in hoses across the region
• The key market players include Eaton Corporation Plc, Goodyear Tire & Rubber Co., Sumitomo Riko Co., United Flexible, and Continental AG

Polaris Market Research has segmented the automotive hoses market report based on vehicle type, material type, application, and region:

Automotive Hoses, Vehicle Type Outlook (Revenue - USD Billion, 2024 - 2032)

• Passenger Vehicles
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Two Wheelers

Automotive Hoses, Material Type Outlook (Revenue - USD Billion, 2024 - 2032)

• Plastic Automotive Hoses
• Metal Automotive Hoses
• Rubber Automotive Hoses

Automotive Hoses, Application Outlook (Revenue - USD Billion, 2024 - 2032)

• Coolant Hoses
• Turbo Charger Hoses
• Air Conditioning Hoses
• Windshield Washer Fluid Hoses
• Fuel Hoses
• Brake Hoses

Automotive Hoses, Regional Outlook (Revenue - USD Billion, 2024 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of APAC

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of MEA

Automotive Hoses Market Report Scope