Technavio
analysts forecast the global
automotive rubber hoses market to grow at a CAGR of over 5%
during the forecast period, according to their latest report.
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Technavio has published a new report on the global automotive rubber hoses market from 2017-2021. (Photo: Business Wire)
The research study covers the present scenario and growth prospects of
the global automotive rubber hoses market for 2017-2021.
Automotive rubber hoses consist of a unit series of hoses and pipes used
within a vehicle's engine. Automotive hoses transfer engine fluids and
gases and ensure proper functioning of the engine.
Every automotive is equipped with a unit of rubber hoses that have
unique functions. Automotive rubber hoses are basically hollow flexible
tubes made to carry gases and fluids from one engine part to another.
Apart from automotive rubber hoses, automotive pipes are also used for
similar purposes. Automotive pipes are inflexible and are made of
heat-resistant and high-pressure resistant. They are used for
transferring fluids or gasses passing out of the engine after
combustion. Hence, automotive pipes cannot be replaced with automotive
hoses.
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Technavio analysts highlight the following three factors that are
contributing to the growth of the global automotive rubber hoses market:
-
Innovative production technology to reduce the amount of natural
rubber without compromising quality
-
Rising sales of LPG and CNG vehicles
-
Rising sales of passenger cars and commercial vehicles
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Innovative production technology to reduce the amount of natural
rubber without compromising quality
Technological innovations with respect to finding newer methods of
faster and efficient production are gaining importance in automotive
industry. OEMs have been testing various new technologies for reducing
material wastage without compromising on the quality of products.
DuPont, an American manufacturer of automotive components, including
automotive rubber hoses, has developed a manufacturing technique unique
to the method of producing automotive hoses.
Amey Vikram, a lead automotive
components research analyst at Technavio, says, “The company has
been using Dtex aramid yarn for designing automotive rubber hoses used
in the vehicle's power steering. Dtex aramid yarn is required to
increase the pressure withstanding capacity of the automotive rubber
hoses. However, this yarn is considerably heavy, and increases wear and
tear of the automotive rubber hose over time.”
Rising sales of LPG and CNG vehicles
Rising dissidence toward diesel vehicles due to their highly polluting
nature and increasing stringency of emission regulations against
vehicles operating on petroleum-based fuels are driving vehicle
manufacturers to develop vehicles operating on alternative fuels, such
as liquified petroleum gas (LPG) and compressed natural gas (CNG).
“Automotive rubber hoses used in LPG and CNG vehicles need to be
flexible in order to connect to the nozzles of auto gas injectors within
the vehicle's fuel delivery systems. LPG would be in the vapor state and
stored at a low pressure within the gas reservoir. The hoses used for
fuel delivery in an LPG vehicle would be made specifically to enable
effective and quick transfer of vaporized LPG to the combustion
chamber,” adds Amey.
Rising sales of passenger cars and commercial vehicles
Demand for automotive
rubber hoses largely depends on sales of passenger cars and
commercial vehicles. Majority of automotive manufacturers are focusing
their vehicle production for markets in emerging economies, such as
China, India, Brazil, and Mexico. Growing urbanization and increasing
spending power of middle-income groups have led to an increased demand
for automotive in emerging economies.
Rising urbanization in developing nations, namely India, China, and
Brazil, is driving the demand for commercial vehicles to meet the
transportation requirements of the increased urban population. An
acceptable amount of transportation services is essential to meet the
mounting demands of the population in urban areas.
Top vendors:
-
Eaton
-
Hutchinson
-
Nichirin
-
Sumitomo Riko
-
TOYODA GOSEI
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