HOME Top Market Reports Automotive Engine Belt & Hose Market by Belt Type (Timing Belt, Drive Belt), Hose Application (Turbocharger, Cooling/heating, Fuel Delivery, Braking, Steering), Vehicle Type (PC, LCV, HCV), and by Region - Global Forecast & Analysis to 2020

Automotive Engine Belt & Hose Market by Belt Type (Timing Belt, Drive Belt), Hose Application (Turbocharger, Cooling/heating, Fuel Delivery, Braking, Steering), Vehicle Type (PC, LCV, HCV), and by Region - Global Forecast & Analysis to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: AT 3761

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The global automotive belt & hose market, in terms of value, is projected to grow from USD 14.6 Billion in 2015 to 20.2 Billion by 2020 at a CAGR of 6.69%.

The size of the global automotive belt & hose market in terms of value is estimated to grow at CAGRs of 6.09% and 6.82% respectively from 2015to 2020. In the past, classical chain drives were used to synchronize the crank and cam shafts. Later, in 1970, synchronized belt drive systems were introduced when overhead camshafts were introduced. Further developments in engine design and technology resulted in the use of a single belt known as the serpentine belt to power all the engine accessories. Thus, presently, two belts are used in an automobile engine, known as the drive belt and timing belt which take care of all the required functions of the engine accessories as well as the synchronization of the camshaft and the crankshaft. These belts are durable, extremely strong and provide superior performance and efficiency.

The global automotive hoses market is expected to grow at a substantial growth rate in the near future owing to growing vehicle production at the global level, stringent emission regulations and norms, improvement in materials for durability of hoses, and adoption of fuel efficient technologies. A hose is defined as a flexible hollow tube structure designed to carry fluids from one location to another. Hoses are usually made of plastics or rubbers. The demand for turbocharger hoses is anticipated to increase in the near future owing to the adoption of fuel efficient technologies and the increasing stringency of emission regulations and norms across the globe. There has been a growing demand for automobiles from the emerging economies such as China, India, Brazil, and Russia. Moving forward, the demand for automobiles in these regions is anticipated to grow at a robust rate which in turn is expected to propel the demand for hoses used in automobile applications. In terms of demand, Asia-Oceania has the largest market for automotive hoses due to the growing production of vehicles in China. Asia-Oceania is followed by North America and Europe. The U.S. is the largest market for automotive hoses in the North American region followed by Mexico, and Canada. The demand for hoses is expected to witness strong growth from countries such as Brazil, India, and Russia in the next few years. The demand for automotive hoses in Europe is also expected to be high on account of rising production of automobiles in this region.

Based on the scope of this report, the automotive belt & hose market has been segmented by engine belt type (timing, drive), by hose application (turbocharger, cooling/heating, braking, steering, fuel delivery), by vehicle type (PC, LCV, and HCV), and by region (Asia-Oceania, Europe, North America, and RoW). This report classifies and defines the global automotive belt & hose market size, in terms of volume and value. Market size in terms of volume is provided in million units from 2013–2020, whereas the market value is provided in terms of USD million. This report also provides qualitative data about types of automotive belts & hoses.
The report offers a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global automotive belt & hose market. Key players in the market for global automotive belt & hoses have also been identified and profiled. Apart from quantitative analysis of these markets, the report also covers qualitative aspects such as value chain analysis, PEST analysis, and Porter’s Five Force analysis for the global automotive belt & hose market.

The global automotive belt & hose market is dominated by few major players with other local small/medium players. Some of the major companies operating in the global automotive hoses market are Gates Corporation (U.S.), Hutchinson SA (France), Continental AG (Germany), Sumitomo Riko Co., Ltd. (Japan), and Toyoda Gosei Co., Ltd. (Japan) among others. Major strategies adopted by these key market players include region-wise expansion and new product development.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand Side Analysis
                    2.4.2.1 Impact of GDP on Commercial Vehicle Sales
                    2.4.2.2 Urbanization vs Passenger Cars Per 1,000 People
                    2.4.2.3 Roadways
           2.4.3 Supply Side Analysis
           2.4.4 Technological Advancements
    2.5 Influence of Other Factors
    2.6 Market Estimation
           2.6.1 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Introduction
    4.2 Emerging Opportunities in the Automotive Belt & Hose Market
    4.3 Automotive Belt Market Growth, By Type
    4.4 Automotive Hose Market, By Application, 2015
    4.5 Automotive Belt & Hose Market, By Vehicle Type, 2015 vs 2020,
    4.6 Automotive Belt & Hose Market, By Geography, 2015 vs 2020,
    4.7 Life Cycle Analysis

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Advancements in Materials
                    5.3.1.2 Optimum Nvh Levels
                    5.3.1.3 Growing Vehicle Production
           5.3.2 Restraints
                    5.3.2.1 Low Durability as Compared to Substitutes
           5.3.3 Opportunities
                    5.3.3.1 Growing Aftermarket
                    5.3.3.2 Maintenance Free Drive Belt
           5.3.4 Challenges
                    5.3.4.1 Rising Vehicle Electrification
                    5.3.4.2 Counterfeiting
    5.4 Burning Issues
           5.4.1 Regulatory Aspects
    5.5 Value Chain Analysis
    5.6 Porters Five Forces Analysis
           5.6.1 Threat of New Entrants
                    5.6.1.1 Low Product Differentiation and Less Capital Intensive
                    5.6.1.2 Local Aftermarket Suppliers
           5.6.2 Threat of Substitutes
                    5.6.2.1 Electrification
                    5.6.2.2 Timing Chains
           5.6.3 Bargaining Power of Buyers
                    5.6.3.1 Degree of Innovation
                    5.6.3.2 Engine Specific
           5.6.4 Bargaining Power of Suppliers
                    5.6.4.1 Large Number of Suppliers
           5.6.5 Intensity of Competitive Rivalry
                    5.6.5.1 Presence of Established Suppliers

6 Global Automotive Belt Market, By Type (Page No. - 55)
    6.1 Introduction
    6.2 Drive Belt
    6.3 Timing Belt

7 Global Automotive Hose Market, By Application (Page No. - 61)
    7.1 Introduction
    7.2 Cooling/Heating Hose
    7.3 Turbocharger Hoses
    7.4 Fuel Delivery System Hose
    7.5 Braking Hose
           7.5.1 Hydraulic Braking Hose
           7.5.2 Pneumatic Hose
    7.6 Steering Hose

8 Global Automotive Belt and Hose Market, By Vehicle Type (Page No. - 75)
    8.1 Introduction
    8.2 Passenger Car
    8.3 Light Commercial Vehicle
    8.4 Heavy Commercial Vehicle

9 Automotive Drive Belt Aftermarket (Page No. - 84)
    9.1 Introduction
    9.2 Global Automotive Drivebelt Aftermarket

10 Off-Highway Belt & Hose Market (Page No. - 87)
     10.1 Introduction
     10.2 Loader Belt & Hose Market
     10.3 Global Excavator Belt & Hose Market

11 Geographic Analysis (Page No. - 92)
     11.1 Introduction
     11.2 North America
             11.2.1 the U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Asia-Oceania
             11.3.1 China
             11.3.2 Japan
             11.3.3 South Korea
             11.3.4 India
     11.4 Europe
             11.4.1 Germany
             11.4.2 France
             11.4.3 U.K.
     11.5 Rest of the World (RoW)
             11.5.1 Brazil
             11.5.2 Russia
     11.6 Pest Analysis
             11.6.1 Political Factors
                        11.6.1.1 Europe
                        11.6.1.2 Asia-Oceania
                        11.6.1.3 North America
                        11.6.1.4 RoW
             11.6.2 Economic Factors
                        11.6.2.1 Europe
                        11.6.2.2 Asia-Oceania
                        11.6.2.3 North America
                        11.6.2.4 RoW
             11.6.3 Social Factors
                        11.6.3.1 Europe
                        11.6.3.2 Asia-Oceania
                        11.6.3.3 North America
                        11.6.3.4 RoW
             11.6.4 Technological Factors
                        11.6.4.1 Europe
                        11.6.4.2 Asia-Oceania
                        11.6.4.3 North America
                        11.6.4.4 RoW

12 Competitive Landscape (Page No. - 135)
     12.1 Overview
     12.2 Competitive Situation & Trends
     12.3 Battle for Market Share: Expansions/Investments Was the Key Strategy
     12.4 Expansions/Investments
     12.5 Joint Ventures/Supply Contracts
     12.6 New Product Launch/New Product Development/ New Technology
     12.7 Mergers & Acquisitions and Other
     12.8 Who Supples to Whom
     12.9 Vendor Analysis, By Key Country
             12.9.1 China
             12.9.2 Germany
             12.9.3 U.S.

13 Company Profiles (Page No. - 147)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 Continental AG
     13.3 Toyoda Gosei Co., Ltd.
     13.4 Sumitomo Riko Co., Ltd.
     13.5 Yokohama Rubber Co., Ltd.
     13.6 Pinafore Holdings B.V. and Its Subsidiaries
     13.7 Cooper Standard Holdings, Inc.
     13.8 Schaeffler AG
     13.9 Bando Chemical Industries Ltd.
     13.10 Nichirin Co., Ltd.
     13.11 Hutchinson SA

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 177)
     14.1 Key Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
             14.4.1 Automotive Belt & Hose Market, By Material
             14.4.2 Automotive Wiper Hose Market, By Country
             14.4.3 Company Information
     14.5 Related Reports
     14.6 Other Developments


List of Tables (111 Tables)

Table 1 Increasing Demand for Durable Products and Increasing Vehicle Production of Automobiles
Table 2 Lower Durability as Compared to Substitutes is the Major Restraint for Automotive Timing Belt Market
Table 3 Increasing Demand in Aftemarket and Maintenance Free Belts to Act as the Key Opportunistic Markets
Table 4 Global Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 5 Global Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 6 Global Automotive Drive Belt Market, By Region, 2013-2020 (Million Units)
Table 7 Global Automotive Drive Belt Market, By Region, 2013-2020 (USD Million)
Table 8 Global Automotive Timing Belt Market, By Region, 2013-2020 (Million Units)
Table 9 Global Automotive Timing Belt Market, By Region, 2013-2020 (USD Million)
Table 10 Global Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 11 Global Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 12 Global Automotive Cooling/Heating Hose Market, By Region, 2013-2020 (Million Units)
Table 13 Global Automotive Cooling/Heating Hose Market, By Region, 2013-2020 (USD Million)
Table 14 Global Automotive Turbocharger Hose Market, By Region, 2013-2020 (Million Units)
Table 15 Global Automotive Turbocharger Hose Market, By Region, 2013-2020 (USD Million)
Table 16 Global Automotive Fuel Delivery System Hose Market, By Region, 2013-2020 (Million Units)
Table 17 Global Automotive Fuel Delivery System Hose Market, By Region, 2013-2020 (USD Million)
Table 18 Global Automotive Braking Hose Market, By Region, 2013-2020 (Million Units)
Table 19 Global Automotive Braking Hose Market, By Region, 2013-2020 (USD Million)
Table 20 Global Automotive Hydraulic Braking Hose Market, By Region, 2013-2020 (Million Units)
Table 21 Global Automotive Hydraulic Braking Hose Market, By Region, 2013-2020 (USD Million)
Table 22 Global Automotive Pneumatic Braking Hose Market, By Region, 2013-2020 (Million Units)
Table 23 Global Automotive Pneumatic Braking Hose Market, By Region, 2013-2020 (USD Million)
Table 24 Global Automotive Steering Hose Market, By Region, 2013-2020 (Million Units)
Table 25 Global Automotive Steering Hose Market, By Region, 2013-2020 (USD Million)
Table 26 Global Automotive Belt and Hose Market, By Vehicle Type, 2013-2020 (Million Units)
Table 27 Global Automotive Belt and Hose Market, By Vehicle Type, 2013-2020 (USD Million)
Table 28 Global Passenger Car Belt and Hose Market, By Component Type, 2013-2020 (Million Units)
Table 29 Global Passenger Car Belt and Hose Market, By Component Type, 2013-2020 (USD Million)
Table 30 Global LCV Belt and Hose Market, By Component Type, 2013-2020 (Million Units)
Table 31 Global LCV Belt and Hose Market, By Component Type, 2013-2020 (USD Million)
Table 32 Global HCV Belt and Hose Market, By Component Type, 2013-2020 (Million Units)
Table 33 Global HCV Belt and Hose Market, By Component Type, 2013-2020 (USD Million)
Table 34 Global Automotive Drivebelt Aftermarket, By Region, 2013-2020 (Million Units)
Table 35 Global Automotive Drivebelt Aftermarket, By Region, 2013-2020 (USD Million)
Table 36 Global Loader Belt & Hose Market, By Region & Component, 2013 – 2020 (‘000 Units)
Table 37 Global Loader Belt & Hose Market, By Region & Component, 2013 – 2020 (USD Million)
Table 38 Global Excavator Belt & Hose Market, By Region & Component, 2013 – 2020 (‘000 Units)
Table 39 Global Excavator Belt & Hose Market, By Region & Component, 2013 – 2020 (USD Million)
Table 40 Global Automotive Belt Market, By Region, 2013-2020 (Million Units)
Table 41 Global Automotive Belt Market, By Region, 2013-2020 (USD Million)
Table 42 Global Automotive Hose Market, By Region, 2013-2020 (Million Units)
Table 43 Global Automotive Hose Market, By Region, 2013-2020 (USD Million)
Table 44 North America: Automotive Belt Market, By Country, 2013-2020 (Million Units)
Table 45 North America: Automotive Belt Market, By Country, 2013-2020 (USD Million)
Table 46 North America: Automotive Hose Market, By Country, 2013-2020 (Million Units)
Table 47 North America: Automotive Hose Market, By Country, 2013-2020 (USD Million)
Table 48 The U.S.: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 49 The U.S.: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 50 The U.S.: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 51 The U.S.: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 52 Canada: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 53 Canada: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 54 Canada: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 55 Canada: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 56 Mexico: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 57 Mexico: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 58 Mexico: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 59 Mexico: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 60 Asia-Oceania: Automotive Belt Market, By Country, 2013-2020 (Million Units)
Table 61 Asia-Oceania: Automotive Belt Market, By Country, 2013-2020 (USD Million)
Table 62 Asia-Oceania: Automotive Hose Market, By Country, 2013-2020 (Million Units)
Table 63 Asia-Oceania: Automotive Hose Market, By Country, 2013-2020 (USD Million)
Table 64 China: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 65 China: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 66 China: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 67 China: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 68 Japan: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 69 Japan: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 70 Japan: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 71 Japan: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 72 South Korea: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 73 South Korea: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 74 South Korea: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 75 South Korea: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 76 India: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 77 India: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 78 India: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 79 India: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 80 Europe: Automotive Belt Market, By Country, 2013-2020 (Million Units)
Table 81 Europe: Automotive Belt Market, By Country, 2013-2020 (USD Million)
Table 82 Europe: Automotive Hose Market, By Country, 2013-2020 (Million Units)
Table 83 Europe: Automotive Hose Market, By Country, 2013-2020 (USD Million)
Table 84 Germany: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 85 Germany: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 86 Germany: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 87 Germany: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 88 France: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 89 France: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 90 France: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 91 France: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 92 U.K.: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 93 U.K.: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 94 U.K.: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 95 U.K.: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 96 RoW: Automotive Belt Market, By Country, 2013-2020 (Million Units)
Table 97 RoW: Automotive Belt Market, By Country, 2013-2020 (USD Million)
Table 98 RoW: Automotive Hose Market, By Country, 2013-2020 (Million Units)
Table 99 RoW: Automotive Hose Market, By Country, 2013-2020 (USD Million)
Table 100 Brazil: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 101 Brazil: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 102 Brazil: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 103 Brazil: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 104 Russia: Automotive Belt Market, By Type, 2013-2020 (Million Units)
Table 105 Russia: Automotive Belt Market, By Type, 2013-2020 (USD Million)
Table 106 Russia: Automotive Hose Market, By Application, 2013-2020 (Million Units)
Table 107 Russia: Automotive Hose Market, By Application, 2013-2020 (USD Million)
Table 108 Expansions/Investments, 2014-2015
Table 109 Joint Ventures/Supply Contracts, 2012-2015
Table 110 New Product Launch/New Product Development New Technology, 2015
Table 111 Mergers & Acquisitions and Others, 2011-2015


List of Figures (70 Figures)

Figure 1 Automotive Belt & Hose Market: Markets Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Gross Domestic Product vs Commercial Vehicle Sales
Figure 6 Urbanization vs Passenger Cars Per 1,000 People
Figure 7 Road Network vs Total Vehicle Sales
Figure 8 Micro and Macro Factor Analysis
Figure 9 Data Triangulation
Figure 10 Market Size Estimation Methodology: Bottom-Up Approach
Figure 11 Market Size Estimation Methodology: Top-Down Approach
Figure 12 Key Countries in the Global Automotive Belt & Hose Market (USD Billion): China Estimated to Be the Largest Market By 2020
Figure 13 Automotive Timing Belt Market: Europe Projected to Be the Largest Market for Timing Belts By 2020
Figure 14 Automotive Drive Belt Market: Growing Vehicle Production is Projected to Drive the Demand
Figure 15 Automotive Belt & Hose Market Share (2015): North America Projected to Be the Fastest-Growing Market in Terms of Value During the Forecast Period
Figure 16 Automotive Hose Market: Hoses for Turbochargers Projected to Witness the Fastest Growth
Figure 17 Attractive Market Opportunities in Automotive Belt & Hose Market
Figure 18 Demand for Timing Belts Expected to Decline Owing to Lower Durability
Figure 19 Demand for Vehicle Efficiency Estimated to Drive New Technologies Such as Turbochargers and Electric Power Steering
Figure 20 Passenger Car Estimated to Dominate the Automotive Belt & Hose Market
Figure 21 Growing Vehicle Production in Asia and North America is Projected to Drive the Automotive Belt & Hose Market
Figure 22 China,India, and U.S. to Be the Fastest Growing Markets for Automotive Belts & Hoses, 2015–2020
Figure 23 Timing Belt Life Cycle Analysis, By System, 2015
Figure 24 Global Automotive Belt & Hose Market
Figure 25 Increasing Demand for Durable Products and Increasing Vehicle Production of Automobiles
Figure 26 Global Vehicle Production, 2010 vs 2014 (‘000 Units)
Figure 27 Automotive Belt & Hose: Value Chain
Figure 28 Porters Five Forces Analysis
Figure 29 Drive Belt has the Largest Market Globally, 2015 vs 2020 (Million Units)
Figure 30 Asia-Oceania is the Largest Market for Automotive Drive Belts, 2015 vs 2020 (Million Units)
Figure 31 Global Automotive Timing Belt Market, By Region, 2015 vs 2020 (Million Units)
Figure 32 Cooling/Heating Hose has the Largest Market Globally, 2015 vs 2020 (USD Million)
Figure 33 Asia-Oceania is the Largest Market for Automotive Cooling Heating Hoses, 2015 vs 2020 (USD Million)
Figure 34 Europe is the Largest Turbocharger Hose Market Across the Globe, 2015 vs 2020 (USD Million)
Figure 35 North America to Overtake the European Market Fuel Delivery System Hose Market By 2020 (USD Million)
Figure 36 Global Automotive Braking Hose Market, 2015 vs 2020 (USD Million)
Figure 37 Global Automotive Steering Hose Market Declining in North America and Europe, 2015 vs 2020 (USD Million)
Figure 38 Passenger Car Segment has the Largest Market Globally, 2015 vs 2020
Figure 39 Passenger Car Automotive Belt and Hose Market, 2015 vs 2020 (USD Million)
Figure 40 Global Automotive Belt and Hose Market in Light Commercial Vehicles, 2015 vs 2020 (USD Million)
Figure 41 HCV Belt and Hose Market, By Components, 2015 vs 2020 (USD Million)
Figure 42 Asia-Oceania is the Largest Aftermarket for Automotive Drive Belts
Figure 43 Global Off-Highway Belt & Hose Market, 2015 vs 2020
Figure 44 Geographic Snapshot of Automotive Belt & Hose Market Share By Volume (2015) – Rapid Growth Markets are Emerging as New Hot Spots
Figure 45 North America Market Snapshot: Fastest Growing Market for Automotive Belts and Hoses (2015)
Figure 46 Asia-Oceania Market Snapshot: China is the Largest Market for Automotive Belts and Hoses Market (2015)
Figure 47 Europe Market Snapshot: Automotive Belts and Hoses Market (2015)
Figure 48 Rest of the World (RoW) Market Snapshot: Brazil is Estimated to Be the Largest Market for Automotive Belts and Hoses in RoW (2015)
Figure 49 Companies Adopted Expansion/Investment as the Key Growth Strategy Over the Past Five Years (2011-2015)
Figure 50 Continental AG Grew the Fastest From 2009-2013
Figure 51 Market Evolution Framework - New Product Developments and Expansions Have Fuelled Growth From 2013 to 2015
Figure 52 Vendor Analysis: China (Domestic vs Foreign)
Figure 53 Vendor Analysis: Germay (Domestic vs Foreign)
Figure 54 Vendor Analysis: U.S. (Domestic vs Foreign)
Figure 55 Region-Wise Revenue Mix of Five Major Players
Figure 56 Continental AG.: Company Snapshot
Figure 57 SWOT Analysis: Continental AG
Figure 58 Toyoda Gosei Co., Ltd.: Company Snapshot
Figure 59 SWOT Analysis: Toyoda Gosei Co., Ltd.
Figure 60 Sumitomo Riko Co., Ltd.: Company Snapshot
Figure 61 SWOT Analysis: Sumitomo Riko Co., Ltd.
Figure 62 Yokohama Rubber Co., Ltd.: Company Snapshot
Figure 63 SWOT Analysis: Yokohama Rubber Co., Ltd.
Figure 64 Pinafore Holdings B.V. and Its Subsidiaries: Company Snapshot
Figure 65 SWOT Analysis: Pinafore Holdings B.V. and Its Subsidiaries
Figure 66 Cooper Standard Holdings, Inc.: Company Snapshot
Figure 67 Schaeffler AG: Company Snapshot
Figure 68 Bando Chemical Industries Ltd.: Company Snapshot
Figure 69 Nichirin Co., Ltd.: Company Snapshot
Figure 70 Hutchinson SA: Company Snapshot

In terms of value, the automotive belt & hose market is estimated to grow from USD 14.6 Billion in 2015 to 20.2 Billion by 2020 at a CAGR of 6.69%.

Presently, two belts are being used in an automobile known as the drive belt and timing belt that power all the engine accessories as well as synchronize the camshaft and the crankshaft, respectively. These belts are durable, extremely strong and provide superior performance and efficiency. A hose is defined as a flexible hollow tube structure designed to carry fluids from one location to another. Hoses are usually made of plastics or rubbers. They are used to transfer fluids across the automobile. In terms of demand, Asia-Oceania has the largest market for automotive belts and hoses especially because of the growing overall production of vehicles in China. Asia-Oceania is followed by North America and Europe. The U.S. is the largest market for automotive belts and hoses in the North American region followed by Mexico, and Canada. The growing demand for and adoption of turbocharger systems in vehicles used in North America is driving the market for turbocharger hoses in this region. The demand for automotive belts and hoses in Europe is also expected to be high on account of growing demand for technology and automobiles in this region. The major players in this region, such as the Continental AG are investing heavily in research and development activities in order introduce maintenance free, strong and durable automotive belts that have a longer service life and reduced widths than the old ones. For instance, ContiTech developed timing-belt-in-oil system which utilizes an oil bath to reduce friction. The belt is manufactured using polyamide and aramid fabric with a Duralon coating containing Teflon. Teflon is a rubber compound made from ACN-HNBR (hydrogenated acrylonitrile butadiene rubber) and E-glass and K-glass to improve durability and eliminate degradation resulting from the oil bath. R&D activities are also focusing on reducing the width of the belt for integration in compact engines. The aim is to achieve a reduction to 10 mm to 14 mm from the current width of 16 to 20 mm.

The regions covered in the report include Asia-Oceania, Europe, North America, and rest of the world (RoW); alongside key countries of these regions. With regard to the types of engine belts, the market is segmented into timing belt and drive belt. In regards to the hose application the market is segmented into turbocharger hose, steering hose, cooling/heating hose, braking hose, and fuel delivery system hose. The automotive belt & hose market is also segmented by vehicle type.

The Asia-Oceania region has emerged as a substantial market for the automotive belt & hose industry. Belt & hose manufacturers such as Sumitomo Riko Co., Ltd. (Japan), and Toyoda Gosei Co., Ltd. (Japan), are present in this region.

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