Automotive Belts And Hoses Market

1. Automotive Belts And Hoses Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global automotive belts and hoses market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for powertrains and other ancillary components. The overall performance of vehicles depends on belts and hoses. Timing belt and drive belts are two types of belts used in the car. The integral part of the engine powertrain system is belt as it transfers power from flywheel to camshaft. Belts balance the valve positioning, a crucial factor for fuel efficiency. Various types of hoses power steering hoses, brake hoses, and turbocharger hoses exist in the market. The varying pressure hoses allow the transportation of fluids. Request Sample link :-https://growthmarketreports.com/request-sample/2483 Market Trends, Drivers, Restraints, and Opportunities  Improvement in exhaust and turbocharger hose designs due to the stringent emission control norms of EPA and CAFE is estimated to propel the market growth. Increasing sales of hybrid and electric vehicles and demand for high-performance and lightweight belts and hoses are anticipated to spur the growth of the market. Rising global vehicle production and adoption of turbochargers in vehicles is speculated to contribute to the growth of the market. Shifting focus toward electric vehicle (EV) can restrain the automotive belts and hoses market. The belts and hoses get damage after certain time as they undergoes wear and tear. Thus, regular changing of belts and hoses can create challenges for the market growth.    

2.  Growing adoption of electrically assisted power steering is expected to drive the power steering hoses market. Market Segment Insights: Power steering system hoses segment to grow at a rapid pace Based on hose types, the automotive belts and hoses market is segregated into power steering system hoses, heating & cooling system hoses, fuel delivery system hoses, braking system hoses, and turbocharger hoses. The power steering system hoses segment is estimated to grow at a rapid pace due to the adoption of electrically assisted power steering and rising technological advancements in power steering system. Enquiry Link :-https://growthmarketreports.com/enquiry-before-buying/2483 Competitive Landscape The key players competing in the automotive belts and hoses market are ACDelco, TOYODA GOSEI Co., Ltd., Sumitomo Riko Company Ltd., Goodyear Tire & Rubber Company, and Continental AG. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter