Dublin, Jan. 04, 2024 (GLOBE NEWSWIRE) — The “Automotive Rubber Hoses: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Automotive Rubber Hoses estimated at US$12.8 Billion in the year 2022, is projected to reach a revised size of US$18.3 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Passenger Cars, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$13.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Commercial Vehicles segment is readjusted to a revised 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 7% CAGR
The Automotive Rubber Hoses market in the U.S. is estimated at US$3.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2030 trailing a CAGR of 7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
Select Competitors (Total 46 Featured) –
- Belmont Rubber Pvt., Ltd.
- Codan Rubber A/S
- Continental AG
- Dow, Inc.
- DuPont de Nemours, Inc.
- Eaton Corporation PLC
- Hutchinson SA
- Kraussmaffei Berstorff GmbH
- M/S. Vaid Elastomer Processors Pvt. Ltd.
- Nichirin Co., Ltd.
- Ningbo Fengmao Far-East Rubber Co., Ltd.
- Shore Auto Rubber Exports Pvt. Ltd.
- Sumitomo Riko Co., Ltd.
- Toyoda Gosei Co., Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 246 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $12.8 Billion |
| Forecasted Market Value (USD) by 2030 | $18.3 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/70j9vt
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- Global Market for Automotive Rubber Hoses
