The changing dynamics in Automotive Engine Belt & Hoses Market with covid-19 impact assessment
June 08, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Engine Belt & Hoses Market.
It was estimated prior to this unanticipated outbreak that the Automotive Engine Belt & Hoses Market will grow at 7.1% CAGR. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Automotive Engine Belt & Hoses Market, request a free sample of the report here: https://www.stratviewresearch.com/Request-Sample/637/automotive-engine-belt-&-hoses-market.html
Automotive Engine Belt & Hoses Market Segment Analysis:
Based on the application type, the market is segmented as cooling/heating hose, turbocharger hoses, fuel delivery system hose, braking hose, and steering hose. The turbocharger hoses segment is estimated to lead the market during the forecast period owing to the stringent emission standards and increasing awareness regarding fuel efficiency.
Based on the vehicle type, the market is segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is anticipated to dominate the market during the forecast period owing to the increasing production and demand from the emerging economies such as China, India, and ASEAN countries. Growing worldwide economy, rising disposable income of consumers, and implementation of stringent emission standards across the globe are likely to act as a catalyst towards the growth of the passenger car segment.
In terms of regions, Asia-Pacific is expected to lead the market for automotive engine belt & hoses during the forecast period. The market is driven by the increasing demand for automobiles, rising disposable income of consumers, and economic development in the emerging countries of the region. China, Japan, India, and South Korea are the growth engines of the region’s market. North America and Europe are the other two major markets owing to the presence of major OEMs, tier players, and raw material suppliers along with the established supply chain.
Some of the major automotive engine belt & hose suppliers are Continental AG, Toyoda Gosei Co., Ltd., Sumitomo Riko Company Limited, Yokohama Rubber Co., Ltd., Pinafore Holdings B.V., Cooper Standard Holdings, Inc., Schaeffler AG, Bando Chemical Industries Ltd., Nichirin Co., Ltd., and Hutchinson SA.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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