Automotive and Off-Road Vehicle Hoses Market

Automotive and Off-Road Vehicle Hoses Market Outlook (2023 to 2033)

The global automotive and off-road vehicle hoses market is valued at US$ 12 billion in 2023 and is forecasted to reach US$ 20 billion by 2033-end. The market is predicted to expand at a CAGR of 5.2% from 2023 to 2033.

• Rubber hoses account for 60% share of overall sales because they offer long-lasting resistance and flexibility.

There is a high requirement for efficient hoses that offer better operational efficiency and performance for vehicles. Thus, rubber hoses are expected to experience high sales over the coming years.

Globally, the cost of automotive components has grown dramatically as a result of rising raw material costs in recent years, which is related to increased spending on R&D activities by prominent participants in the automotive industry. Hollow pipes that are employed for fluid transmission in vehicle engines are the primary characteristics of automotive hoses.

Hose producers employed rubber that had been reinforced with plastic or polymer in the past when manufacturers had fewer alternatives for hose materials. Although manufacturers still prefer rubber for their hoses, many increasingly employ other lightweight materials with superior chemical and high-temperature resistance, such as nylon, fluoropolymer, silicone that has been mixed with rubber, and metal.

Producers are exploring material development as a growth tactic to draw in new clients. Automakers must offer customers comfort, safety, and dependability. As automotive parts ensure the smooth functioning of the vehicle, automotive hose manufacturers need to meet the needs of their customers and provide high-quality parts. Demand for brake hoses and coolant hoses has been rising rapidly over the years, while demand for fuel hoses is expected to steadily increase over the coming years.

Hydraulic hoses are widely used for the movement of construction and mining equipment. There has also been a high application of other types of hoses in various vehicle types. With high investments, a rise in OEMs, and high replacement of hydraulic hoses in construction equipment, the market is likely to see an upward trend over the coming years.

Key market players are concentrating on producing high-quality solutions that have great operational effectiveness. Manufacturers are committed to partnering with OEMs to provide their products as per specifications. Increasing demand for electric vehicles (EVs) is also complementing market expansion. EVs require almost the same hose assemblies and hose connections as conventional vehicles, except for the fuel hose.

Report Attributes	Details
Market Size in 2023	US$ 12 Billion
Projected Market Value (2033)	US$ 20 Billion
Global Market Growth Rate (2023 to 2033)	5.2% CAGR
Market Share of Passenger Cars (2023)	50%
Key Companies Profiled	Continental AG Sumitomo Riko Co. Ltd. Hutchinson SA TI Fluid Systems Codan Rubber A/S Toyoda Gosei Co., Ltd. Nichirin Co. Ltd.

Which are the Key Dynamics Fuelling the Sales of Automotive and Off-Road Vehicle Hoses?

“Worldwide Growth in Traffic Congestion”

There has been significant growth in traffic congestion across the globe. Several countries have started to witness heavy traffic congestion and smog formation due to a rise in four-wheelers and heavy vehicles on the roads.

Increasing demand for automotive hose replacements is supporting market expansion. Rising traffic congestion will impact the service life of automotive hoses due to the high usage of various hoses at regular intervals, which will boost global demand for automotive and off-road vehicle hoses over the coming years.

“Rapidly Rising Demand for Electric Vehicles”

Electric vehicles are becoming more popular day by day in terms of production and sales. Hybrid electric vehicles require different types of hoses and fluid transfer systems. EVs draw power from large batteries that generate energy. Manufacturers use longer and narrower hoses for EVs than traditional automotive hoses.

EVs are equipped with battery cooling hose systems that are around four meters long. The line for the battery cooling system in hybrid and electric cars is laid in the car’s underfloor section. It is one of the major and most important hose assembly systems in EVs.

Several manufacturers have launched new hoses for EVs in the past few years. These hoses have gained traction as they cater to changing consumer preferences for the application.

Product launches have resulted due to changing OEM behavior regarding the use of products specific to vehicle categories. Thus, automotive and off-road vehicle part manufacturers are aiming to market their products for various vehicle types with altered technologies in the automotive industry.

What are the Roadblocks for Automotive and Off-Road Vehicle Hose Suppliers?

“High Production Cost and Presence of Counterfeit Products”

Manufacturers of automotive and off-road vehicle hoses are facing challenges from the provision of fake products and components obtained through illegal trade. Counterfeit products are of poor quality and compromise consumer and vehicle safety.

Companies usually employ OEM standard goods due to the increasingly strict regulatory criteria for automobile hoses. High production costs of automotive and off-road vehicle hoses and fluctuating raw material costs are hampering market demand.

How are Start-ups Carving a Space for Themselves in This Industry?

“Emerging Market Players Offering Easy-to-install Fueling Hoses”

In metropolitan areas, the infrastructure for EV charging is expanding quickly, while hydrogen appears to be years behind. For hydrogen-powered EVs, particularly personal vehicles, this poses a significant difficulty. To avoid this, new entrants are providing modular and easy-to-install hydrogen generating and refueling systems.

• A British start-up NanoSUN offers hydrogen refueling solutions. The company's Hydrogen FillSafe Fueling Hoses let hydrogen-powered electric vehicles be refueled under high pressure. They are affordable, easy to install and use, and don't allow for excessive pressure. To hasten the switch to hydrogen energy, the business also provides a solution for hydrogen filling stations and a portable hydrogen delivery service.

Which Region Holds a Leading Position in the Global Automotive and Off-Road Vehicle Hoses Market?

“High Demand for Passenger Cars in Asia Pacific Makes it a Prominent Market”

• Asia Pacific accounts for 50% share of the global market in 2023.

Consumers’ inclination towards new automobiles is increasing due to lifestyle changes. The huge population in the region is creating opportunities for automotive manufacturers, mainly due to growing industrialization and urbanization. High demand for passenger cars is driving market expansion in the country.

Country-wise Insights

What is the Market Scenario for Automotive and Off-Road Vehicle Hoses in the United States?

“Increasing Investments in R&D to Create Compact Automotive Hoses”

• The market in the United States is predicted to rise at a CAGR of 5% over the forecast period.

Market growth in the country is attributed to the increasing investments in R&D to create compact automotive hoses by leading manufacturers.

Increasing demand for fluid transfer systems and the surge in the adoption of coolant hoses are boosting market expansion. The need for hoses in passenger cars that are environmentally friendly, of high caliber, and perform well even in challenging conditions is paving the way for manufacturers of automotive and off-road vehicle hoses.

Why are Sales of Automotive and Off-Road Vehicle Hoses Bolstering in Germany?

“Rapid Expansion of Automotive Industry”

Market demand in Germany is boosted by rising sales of electric vehicles. The demand for automotive and off-road vehicle hoses is being driven by an increase in on-road vehicles and the growth of the automotive industry. The presence of emerging and leading automotive hose manufacturers is boosting market expansion.

Will Japan Be a Lucrative Market for Manufacturers of Automotive and Off-Road Vehicle Hoses?

“Japan Benefits from Wide Availability of Raw Materials”

Japan has an abundance of raw materials for the production of automotive hoses, which is why many major companies that make automotive hoses have set up manufacturing plants at various locations in the country. The market is expanding as a result of rising disposable income and an increase in the local supply of brake hoses.

Category-wise Insights

Which Product Will Bring in High Revenue Streams?

“Increasing Need for Greater Safety in Vehicles Boosting Sales of Brake Hoses”

The market is classified into brake hoses, fuel hoses, coolant hoses, air conditioning hoses, vehicle steering hoses, and other types based on the product.

Increased sales of connected, autonomous, and electric vehicles are boosting the adoption of brake hoses. The demand for brake hoses has greatly expanded as a result of the increasing acceptance of modern automobile safety technologies such as ABS (anti-lock braking systems).

The use of brake hoses is increasing due to the surging need for greater safety in vehicles. Any car's safety and control depend heavily on its brakes.

Why are Passenger Cars Gaining Traction in This Space?

“Growing Consumer Preference for Passenger Cars over Public Transport”

By vehicle, the market is segmented into passenger cars, LCVs, HCVs, two wheelers, three wheelers, construction & mining equipment, and tractors.

• Passenger cars account for 50% share of the global market.

Rapidly growing demand for passenger cars across developed and developing economies is driving market growth. Different vehicle types are installed with various automotive hoses based on their handling capacity and application for regular operations. People are preferring to have their vehicles over public transport, which is accelerating demand for passenger vehicles and hoses suitable for them.

Competitive Landscape

Leading companies are focusing on quality control, product standards, supply chain management, and expanding their manufacturing units in developing regions. Key market players are introducing novel products while following safety regulations and concentrating on new developments, and pricing trends. They are strengthening regional and global distribution networks.

Some of the key developments are:

• Cooper Standard Automotive Inc. makes automotive hoses for powertrain and HVAC operations. The company addressed the temperature requirements of hoses while reducing weight with abrasion and corrosion protection properties of different types of automotive hoses. It uses EPDM (ethylene propylene diene monomer) integrated with plastic molded components for coolant hoses and brake hose components.
• Hutchinson S.A. uses all rubber hoses assembled with aluminum or steel tubes that are integrated with noise reduction systems. These hoses operate at high temperatures with high thermal and chemical resistance.

Automotive and Off-Road Vehicle Hoses Industry Research Segments

• By Product :

  • Brake Hoses
  • Fuel Hoses
  • Coolant Hoses
  • Air Conditioning Hoses
  • Vehicle Steering Hoses
  • Other Types

• By Material :

  • Rubber
  • Silicone
  • Fluoropolymer
  • Other Material Types

• By Vehicle :

  • Passenger Cars
  • LCVs
  • HCVs
  • Two Wheelers
  • Three Wheelers
  • Construction & Mining Equipment
  • Tractors

• By Sales Channel :

  • OEMs
  • Aftermarket

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa