Home / Automotive / Technavio Predicts a Global Automotive Rubber Hoses Market to Exceed USD 11 Billion in Revenue by 2020

Technavio Predicts a Global Automotive Rubber Hoses Market to Exceed USD 11 Billion in Revenue by 2020

LONDON–(BUSINESS WIRE)–The global
automotive rubber hoses market
is expected to comment for
some-more than USD 11 billion by 2020, posting a CAGR of over 4%, according
to Technavio’s latest report.

In this report, Technavio
covers a marketplace opinion and expansion prospects of the global
automotive rubber hoses marketplace for 2016-2020
. Growth in this
marketplace can be attributed to rising vehicle sales, generally in the
newcomer vehicle segment.

Technavio’s investigate investigate segments a tellurian automotive rubber hoses
marketplace into a following regions:

  • APAC
  • Americas
  • EMEA

APAC: largest marketplace for automotive rubber hoses

2015 witnessed a prevalence of APAC in a automotive rubber hoses
marketplace with 53% share overdue to clever mercantile growth, that has
increasing a purchasing energy of consumers in a region. The arise in
vehicle sales, generally newcomer cars and LCVs, has triggered demand
for automotive rubber hoses. China, Japan, and India are a prominent
markets in APAC.

According to Siddharth Jaiswal, a lead researcher during Technavio for automotive
components
, “APAC has a largest and fastest-growing automotive
attention in a world, with high income generated by China and India.
Established vehicle manufacturers such as GM, Ford, Volkswagen, and
Daimler Chrysler have shifted their prolongation bases to these developing
countries. Such emigration has driven increasing vehicle prolongation in
this segment and enabled manufacturers to revoke operational costs owing
to a contentment of tender materials and inexpensive labor cost in these
countries.”

The news also states that APAC has emerged as a tellurian heart for
automobiles over a years and is one of a largest producers and
suppliers of vehicles. Increased vehicle exports from a segment have
also triggered exports of components such as rubber hoses, that may
boost with a arise in direct for automobiles worldwide. The steady
expansion in prolongation volumes in this segment – along with a growing
direct for newcomer vehicle and LCVs – should advantage a automotive rubber
hoses marketplace in a region. Regional players charity automotive rubber
hoses during rival prices might also play a pivotal purpose in boosting the
marketplace during a foresee period.

Ask for a representation of this report: http://goo.gl/OLOHzN

Brazil, Canada, Mexico, and a US: pivotal marketplace for rubber hoses in
a Americas

The Americas followed APAC with 24% marketplace share in 2015. Countries such
as a US, Brazil, Canada, and Mexico lead a marketplace in a Americas.
Brazil and Mexico have emerged as pivotal markets for automotive rubber
hoses, overdue to a fast boost in automotive prolongation in these
countries. The fortitude in automotive sales in a US (post the
retrogression of 2008-2009) is a pivotal writer to expansion of a automotive
attention in North America. This should play a pivotal purpose in boosting the
marketplace for rubber hoses.

South American countries such as Argentina and Brazil offer good
opportunities for automakers due to low vehicle tenure levels, growing
middle-class populations, and a low-cost prolongation base. Growth in
vehicle prolongation in these countries might encourage poignant growth
in a automotive rubber hoses marketplace in a region. However, political
and mercantile instability in a segment might impede marketplace expansion during
a foresee period.

Innovations and advances by vast OEMs to coax expansion in the
automotive attention in EMEA

The change in prolongation bases by many automakers to low-cost countries
in APAC has limited a marketplace share in EMEA, accounting for a market
share of only about 23% in 2015. For instance, Volkswagen Group, the
German vehicle manufacturer, skeleton to build 10 additional plants in China to
boost a prolongation ability by 2018.

The emperor debt predicament of 2009 adversely influenced a automotive
attention in EMEA. However, a successive mercantile liberation might enable
a attention to grow usually and direct for automobiles might increase.

“Innovations and advances in a attention driven by vast OEMs such as
Ford and Volkswagen in EMEA is expected to coax expansion in a automotive
industry. Also, clever direct for small, low-cost newcomer cars from
Western Europe will enlarge expansion of a automotive industry, thereby
boosting a marketplace for rubber hoses,” says Siddharth.

Some of a tip vendors in a tellurian automotive rubber hoses market
highlighted in a news are:

  • Eaton
  • Hutchinson
  • Nichirin
  • Sumitomo Riko
  • Toyoda Gosei

Browse Related Reports:

Purchase these 3 reports for a cost of one by apropos a
Technavio subscriber. Subscribing to Technavio’s reports allows we to
download any 3 reports per month for a cost of one. Contact
enquiry@technavio.com
with your mandate and a couple to a subscription platform.

About Technavio

Technavio
is a heading tellurian record investigate and advisory company. The
association develops over 2000 pieces of investigate each year, covering more
than 500 technologies opposite 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
investigate assignments opposite a latest heading corner technologies.

Technavio analysts occupy primary as good as delegate research
techniques to discern a distance and businessman landscape in a operation of
markets. Analysts obtain information regulating a multiple of bottom-up
and top-down approaches, besides regulating in-house marketplace displaying tools
and exclusive databases. They uphold this information with a data
performed from several marketplace participants and stakeholders opposite the
value chain, including vendors, use providers, distributors,
re-sellers, and end-users.

If we are meddlesome in some-more information, greatfully hit a media team
during media@technavio.com.

Article source: http://www.businesswire.com/news/home/20160215005146/en/Technavio-Predicts-Global-Automotive-Rubber-Hoses-Market

Scroll To Top