Increasing Vehicle Production and Sales are Compelling Top Automotive Engine Belts and Hoses Companies to Offer Agile Products

Automotive engine belt and hoses are considered to be essential components of the vehicle’s engine system. Engine belts include two types of belts, namely the drive belt and timing belt. The time belt is used to transfer power to moving components that help the vehicle move and is also essential to maintain the power output. The timing belt keeps all engine valves working harmoniously by synchronizing the actions of the crankshaft and camshaft to ensure the smooth functioning of the engine. Hoses are used to transport fluids like coolant, fuel, and oil via the engine and several other parts of the vehicle.

According to Fortune Business Insights™, the global market for automotive engine belt and hoses could be worth USD 29.04 billion by 2030, recording a CAGR of 1.9% over 2023-2030. The market stood at USD 24.95 billion in 2022 and USD 25.51 billion in 2023.

The continuous increase in vehicle production and sales worldwide is bolstering the market growth. The belt and hoses are helpful in various ranges of automobile operations, which involves operations like air conditioning and engine cooling, along with transferring engine power and many more. The continuous expansion in the vehicle types and models integrated with modern vehicle engines is accelerating the adoption of automotive engine belt & hoses worldwide.

Fortune Business Insights™ Presents the Top 5 Automotive Engine Belt and Hoses Companies Globally

Continental AG

Continental AG is one of the top automotive engine belt and hose companies globally and is specialized in different parts of the transportation and automotive industries. The company is focused on R&D activities to develop and improve the capabilities of new products. Continental AG mainly operates through divisions:

• Rubber Technologies – It provides commercial vehicle tires, replacement passenger and light truck tires (PLT), original PLT, air spring systems, industrial fluid and surface solutions, vibration control services, mobile fluid systems, two-wheel tires, and conveying solutions.
• Powertrain Technologies – It delivers electrification technology, actuation and sensing solutions, and electronic controls.

August 2022: Continental AG introduced a new timing belt, which is produced by using a new and patented synthetic rubber compound. Approximately 50% smaller carbon footprint can be generated using this compound from the belt’s production to disposal.

Hutchinson

The company is an expert in designing and delivering connected solutions and customized operations in the gloabal market. Hutchinson offers solutions for fluid management systems, structures, materials, vibration control systems, body and precision sealing, belt drive systems, and many more. The company serves many industries, including aerospace, defense, automotive, rail, and energy and is responsible for producing new materials and implementing cutting-edge and effective solutions even in extreme conditions.

January 2022: Hutchinson announced the construction of a new logistics platform with the aim of meeting the logistic requirements of customers and expanding its commercial activity across the globe.

Gates Corporation

Gates Corporation is a market pioneer in producing power transmission equipment and fluid power in the automotive engine belt and hoses sector. The company serves many sectors, including automotive, agriculture, construction, and manufacturing. Gates Corporation operates in two business segments:

• Power Transmission – The power transmission solution delivers power and control motion. It is being used in various applications to transfer power from an engine to the other parts of the vehicle with the help of chains, cables, belts, direct drives, or geared transmissions. The revenue of the company is mainly generated from the power transmission segment under the Gates brand name.
• Fluid Power – The fluid power solutions provide rigid tubing assemblies and hoses that transfer power, fluids, granular materials, and gases from one place to another.

January 2022: Gates Corporation launched the new ProV product line to expand its PRO Series hydraulic hose portfolio. The product line offers performance to hydraulic applications across several markets, such as construction, agriculture, injection molding, mining, and many more.

The Yokohama Rubber Co.

The company is mainly engaged in the production and sales of tires. The company’s product portfolios comprise tires for different aluminum alloy wheels and vehicles, conveyor belts, marine fenders, rubber plates, oil spills, containment booms, rubber molded products, and many more. The company also deliver services for real estate leasing, information processing, and sporting goods. Additionally, the company is currently working on cutting-edge air conditioner hoses, produced using rubber or plastic polymer alloys, for vehicles and dispenser hoses for fuel cell vehicle (FCV) hydrogen stations. 

September 2022: The Yokohama Runner Co. announced the merger of its three core international high-pressure hydraulic hoses under the brand name Versatran*1 in October 2022. The merger will improve the competitiveness of engine belts and hoses in the market.

Cooper Standard Holdings

Cooper Standard Holdings is a U.S.-based producer of fuel and brake delivery, fluid transfer systems, and sealing and is one of the leading suppliers of fluid handling systems, sealing, and components in 21 countries worldwide. The company offers static and dynamic seals, chassis and tank fuel lines and bundles, obstacle detection sensor systems, heaters, and degas tanks, among others. The revenue of the company is mainly generated from sealing systems products, such as stainless steel trims, variable extrusions, Fortrex, static and dynamic seals, and flush glass systems.

August 2022: Cooper Standard Holdings and Industries Saleri Italo S.p.A. (Saleri) collaborated to produce high-performance coolant fluid management devices for the battery electric vehicle market (EV). The new products integrate the pumps’ functionality with advanced fluid control, connection, and routing technologies into single devices to improve performance and range and enable simplified EV architectures.

Future of the Engine Belt and Hoses Sector

The top automotive engine belt and hoses companies are focused on creating new and improved materials, designs, and production processes to enhance their durability, reliability, and performance. The sales and production of automobiles are increasing the demand for high-quality automotive engine belt and hoses among the automobile producers. The industry will grow because of the integration of advanced materials, including Hydrogenated Nitrile Butadiene Rubber (HNBR), Ethylene Propylene Diene Monomer (EPDM), and others, to produce different types of engine belt and hoses.