DUBLIN--(BUSINESS WIRE)--The "Global Automotive Belts and Hoses Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The automotive belts and hoses market is expected to grow at a CAGR of 6.49%, and the market size is close to USD 15.5 billion in 2017.
The rising global vehicle production drives the growth of the automotive belts and hoses market. In 2017 alone, some 73.5 million passenger cars and some 23.9 million commercial vehicles were produced worldwide. China, Japan, Germany, and India were the largest producers of passenger vehicles in 2017.
The increasing adoption of turbochargers, which needs hoses that can handle the temperature of the exhaust gases, used for increasing the fuel efficiency in the North American and Chinese markets, has resulted in an increasing demand for hoses. The adoption of electrically assisted power steering has also influenced the market for power steering hoses. The automobile electrically assisted power steering market is expected to grow at a CAGR of 15.73% during the forecast period 2015-2022.
- ContiTech AG
- Cooper Standard Holding Inc.
- Goodyear Belts and Hoses
- Robert Bosch GmbH
- Toyoda Gosei Co. Ltd
Key Topics Covered:
2. Executive Summary
3. Market Overview and Trends
4. Market Dynamics
5. Global Automotive Belts and Hoses Market, By Type
6. Global Automotive Belts and Hoses Market, By Hose Application Type
7. Global Automotive Belts and Hoses Market, By Sales Channel
8. Global Automotive Belts and Hoses Market, By Vehicle Type
9. Global Automotive Belts and Hoses Market, By Geography
10. Competitive Landscape
11. Company Profiles
12. Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/m53h6x/global_automotive?w=4