What is the current Automotive Belts and Hoses Market size?

The Automotive Belts and Hoses Market is projected to register a CAGR of greater than 6.56% during the forecast period (2024-2029) Read More

Who are the key players in Automotive Belts and Hoses Market?

Sumitomo Riko Co. Ltd, ACDelco (General Motors), Toyoda Gosei Co. Ltd, Continental AG and Goodyear Tire & Rubber Co. are the major companies operating in the Automotive Belts and Hoses Market. Read More

Which is the fastest growing region in Automotive Belts and Hoses Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Belts and Hoses Market?

In 2024, the North America accounts for the largest market share in Automotive Belts and Hoses Market. Read More

What years does this Automotive Belts and Hoses Market cover?

The report covers the Automotive Belts and Hoses Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Belts and Hoses Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Belts and Hoses Market - Growth, Share & Industry Size

Automotive Belts and Hoses Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Automotive Timing Belt Market Growth and is segmented by Belt Type (Drive Belts and Timing Belts), Hose Type (Fuel Delivery System Hoses, Braking System Hoses, Power Steering System Hoses, Heating and Cooling System Hoses, and Turbocharger Hoses), Vehicle Type (Passenger Cars and Commercial Vehicles), and Geography (North America, Europe, Asia-Pacific and Rest of the World). The Market Size and Forecast of the Automotive Belts and Hoses Market are provided in terms of value (USD billion) for the above-mentioned segments.

Automotive Belts and Hoses Industry Overview

The automotive belts and hoses market is highly fragmented, due to the presence of many regional players. However, some of the major players, like Sumitomo Riko Co. Ltd, ACDelco (General Motors), Goodyear Tire & Rubber Co., Toyoda Gosei Co. Ltd, and Continental AG, have captured significant shares in the market.

With the growing trend of lightweight and fuel-efficient vehicles, companies have started investing in the production of more advanced materials for belts and hoses, in order to meet the increasing standards of the automotive industry. For instance,

In July 2022 Origin Material, inc has partnered with Intertex World Resources which is the leading distributor of synthetic rubber, processed oils, plastics, etc. The partnership further aims to hoses, belts, rubber seals, and all other mechanical rubber goods markets for automotive aftermarkets and OEMs.
In March 2020, Teijin Frontier, Kita Ward, Osaka) announced that it has developed an eco-friendly adhesive that doesn't contain resorcinol-formaldehyde (RF) for rubber reinforcement fibers. The company aims to start the pilot production of rubber reinforcement fibers that use this new adhesive in 2020, and to achieve an annual production of 200,000 tons including the amount of licensed production in 2028. As for commonly used RF latex (RFL) adhesives, RF is reticulated by chemical reaction and is combined with latex, an adhesive element, to deliver adhesive performance.