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Automotive Radiator Hose Market Size, Share & Industry Analysis, By Material Type (Silicon, Rubber, Helium), By Market Type (OEM, Aftermarket), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI103630 | Status : Ongoing

 

KEY MARKET INSIGHTS

Automotive radiator hose is also known as the coolant hose which is an integral component of an engine’s cooling system. The radiator hose acts as a carrier that carries coolant to and from the radiator and engine. When the engine is running, it generates tremendous amount of heat. The cooling system helps in maintaining the heat in check and prevents the engine from overheating. There are two radiator hoses, one fitted above the radiator and the other fitted below the radiator.  A coolant is passed through the radiator hose to reduce the temperature of the engine and dispel the excess heat. The hot coolant passes from the inlet of the radiator and then through the hoses of the radiator. As the coolant passes through the radiator, it dispels the surplus heat thereby maintaining the optimum efficiency of the engine. The radiator hoses not only reduces the temperature of the engine but also provides high fuel efficiency, and protects the vehicle form getting overheated and having severe failures. This makes the radiator a mandatory component of the vehicle as no vehicle can function without radiator hoses. The boost in the automotive sector is expected to increase the demand for radiator hoses in the market. Automobile sector is expected to grow in future because of the changing lifestyles, rising disposable income and increased standard of living which will create lot of opportunities in the radiator hoses market.


Key Market Driver -

Rising volume of sales and production of automobiles is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Malfunctioning and high cost of maintenance and replacement may hinder the growth of the radiator hose market.


Market Segmentation:


Globally, the automotive radiator hose market is segmented by material type, by market type, by vehicle, and by geographic coverage. The material type is further bifurcated into silicon, rubber, and helium. The silicon material segment holds the largest share of the global automotive radiator hose market. The silicon radiator hoses are widely used by the automotive manufacturers as they are capable of carrying high temperature fluids as compared to the rubber material hoses. The silicon hoses have various other advantages such as they are more flexible, controls noise and vibrations, weather resistant, and are highly durable. These radiator hoses have various shapes and sizes and can be customized as per the requirement of the OEMs. The market type is divided into OEMs and aftermarket. The OEMs has the maximum share of the global automotive radiator hose market as the radiator hose is the crucial component of the automobile and no vehicle can work without the radiators. The automotive manufacturers are working towards innovating and developing new products and technologies that are beneficial for the industry and that can enhance the performance of the vehicles. The aftermarkets are also showing an exponential growth in the automotive radiator hose market as many existing and new vehicle owners are replacing their old radiator hoses with good quality and customised radiator hoses. The aftermarket companies are producing radiator hoses with superior quality, high strength and stability that can resist extreme temperatures and pressure conditions without getting worn-out. The vehicle type is further segmented into passenger cars and commercial vehicles. The passenger car segment holds the maximum share of the global automotive radiator hose market and is expected to uphold its leading position over the forecast period. The increasing urbanization, expansion in the industrialization, improved standard of living, and rise in the purchasing power of people is surging the demand of vehicles across the globe. Also, the rapid adoption of advanced technologies by the automotive manufacturing companies is propelling the sales and production of automobiles.                          

Key Players:


Major players operating in the global automotive radiator hose market include Shandong Meichen, Sichuan Chuanhuan, Goodyear, Dayco, Hutchinson, Tokyo rub, Tianjin Pengling, Crown and Omix – ADA, Mishimoto, APA/URO Parts, Nufox, ACDelco, and Continental, Spectre among others.

Key Insights



  • New Advancements in automotive radiator hose

  • Number of Products, Key Countries, 2018

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the automotive radiator hose market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest share of the global automotive radiator hose market in terms of volume and is projected to maintain its dominance during the forecast period. The high rate of production and sales of automobiles is the foremost reason for the leading position of this region. The high demographic rate, growing urbanization, improvement in the standard of living, and rise in the disposable income is compelling the people to purchase new vehicles. Also the prominent automotive manufacturers in this region are investing heavily on research to innovate and develop technologically advanced systems, and high performance vehicles to serve the growing expectations of their customers and also maintain a leading position in the market. North America and Europe also have a significant position in the automotive radiator market owing to the presence of prominent automotive manufacturing companies and the growing number of vehicles in these regions.

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Segmentation


























 ATTRIBUTE

  DETAILS

By Material Type



  • Silicon

  • Rubber

  • Helium



By Market Type



  • OEM

  • Aftermarket



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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