The new report by Expert Market Research titled, ‘Global Automotive Radiator Hose Market Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global automotive radiator hose market, assessing the market based on its segments like product types, orientation types, material types, end-uses, market types, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 52%
Radiator hoses are used to offer fuel economy and a coolant to keep the engine temperature low and prevent cars from overheating and failing fatally. This is due to the fact that no car can function without radiator hoses, which has fuelled the worldwide radiator hoses market, owing to increased demand and vehicle population.
Radiator hoses form an essential part of all vehicles and need to be replaced at regular intervals. This essential need is expected to drive the global market for automotive radiator hoses. Growing trends in the automobile sector of providing safe and secure drive have resulted in the growth of the automotive radiator hoses market.
Industry Definition and Major Segments
In automobiles, radiator hoses form a link between the engine and the radiator, allowing for efficient cooling. The hose should be flexible enough to transport high-temperature liquids or gases from the engine to the radiator while still being sturdy enough to resist the water supply. Radiator hoses come in a wide range of diameters and shapes to accommodate a wide range of vehicles, including trucks, cars, and lorries.
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By product type, the market is segmented into:
- Moulded Type
- Flexible Type
By orientation type, the market is divided into:
- Lower
- Upper
By material type, the market is classified into:
- Silicon
- Rubber
- Helium
By end use, the market is segmented into:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By market type, the market is divided into:
- OEM
- Aftermarket
On the basis of region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Because of changing lifestyles, growing disposable income, and rising standard of living, the growing automobile industry is likely to rise in the future, creating several growth prospects in the automotive radiator hoses market. The driving force of radiator hoses in this area is the growing population and westernisation.
Automotive makers are attempting to develop new goods and technology that will benefit the industry and improve vehicle performance. The automotive radiator hose market is also experiencing explosive expansion, as many existing and new car owners replace their old radiator hoses with high-quality, custom-made radiator hoses.
Key Market Players
The major players in the market are Gates Corporation, Dayco IP Holdings, LLC, ContiTech AG, Mishimoto Automotive, Ford Motor Company, and Toyoda Gosei Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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