Global Automotive Engine Belt & Hose Industry

Global Automotive Engine Belt & Hose Industry

  • October 2019 •
  • 150 pages •
  • Report ID: 5797976 •
  • Format: PDF
Automotive Engine Belt and Hose market worldwide is projected to grow by US$9.3 Billion, driven by a compounded growth of 6.4%. Passenger Cars, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$15.1 Billion by the year 2025, Passenger Cars will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 5.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$326.3 Million to the region’s size and clout in the next 5 to 6 years. Over US$281.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Passenger Cars will reach a market size of US$799.3 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.4% over the next couple of years and add approximately US$2.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, Bando Chemical Industries Ltd.; Continental AG; Cooper-Standard Holdings Inc.; Hutchinson SA; Nichirin Co., Ltd.; Schaeffler AG; Sumitomo Riko Co., Ltd.; The Yokohama Rubber Co., Ltd.; Toyoda Gosei Co., Ltd.