Automotive Engine Belt & Hoses Market Size to Grow at a CAGR of 7.1% by 2025Posted by Stratview Research on November 19th, 2019 Automotive Engine Belt & Hoses Market is expected to grow at a CAGR of 7.1% during the next five years, according to a newly added report by Stratview Research. The rising automobile production is the prime factor that is underpinning the automotive engine belt & hoses market globally. Further, stringent regulations concerning fuel emissions, improvement in materials used in hoses for durability, and surge in penetration of fuel-efficient technologies are the other significant factors, likely to contribute towards the growth of the global automotive engine belt & hoses market. The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
Request a sample of the report herehttps://www.stratviewresearch.com/Request-Sample/637/automotive-engine-belt-&-hoses-market.html As per the report, among Application types, The turbocharger hoses segment is estimated to lead the market during the forecast period owing to the stringent emission standards and increasing awareness regarding fuel efficiency. Based on the vehicle type, the market is segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is anticipated to dominate the market during the forecast period owing to the increasing production and demand from the emerging economies such as China, India, and ASEAN countries. Growing worldwide economy, rising disposable income of consumers, and implementation of stringent emission standards across the globe are likely to act as a catalyst towards the growth of the passenger car segment.
Asia-Pacific is expected to lead the market for automotive engine belt & hoses during the forecast period. The market is driven by the increasing demand for automobiles, rising disposable income of consumers, and economic development in the emerging countries of the region. China, Japan, India, and South Korea are the growth engines of the region’s market. North America and Europe are the other two major markets owing to the presence of major OEMs, tier players, and raw material suppliers along with the established supply chain.
Read the Full Report Description herehttps://www.stratviewresearch.com/637/automotive-engine-belt-&-hoses-market.html The report further mentions about the key manufacturing players Continental AG, Toyoda Gosei Co., Ltd., Sumitomo Riko Company Limited, Yokohama Rubber Co., Ltd., Pinafore Holdings B.V., Cooper Standard Holdings, Inc., Schaeffler AG, Bando Chemical Industries Ltd., Nichirin Co., Ltd., and Hutchinson SA.who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Automotive Engine Belt & Hoses Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.
Salient Features of the Report The report on Automotive Engine Belt & Hoses Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
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