Automotive Engine & 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 a 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 into relevant market segments, their growth rates, latest market trends, forecasts, and other vital 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.
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As per the report, among different 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.
The passenger car segment is projected to register the largest share of the market in the coming five years, in the segment of vehicle type.
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Asia-Pacific is expected to remain the largest market for occupant classification systems in the coming five years, according to the analyst. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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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 the market that can be helpful for the interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Automotive Engine Belt & Hoses Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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