Automotive Engine Belt & Hose Market Worth 20.2 Billion USD by 2020

PUNE, India, September 29, 2015 /PRNewswire/ --

The report "Automotive Engine Belt & Hose Market by Belt Type (Timing Belt, Drive Belt), Hose Application (Turbocharger, Cooling/heating, Fuel Delivery, Braking, Steering), Vehicle Type (PC, LCV, HCV), and by Region - Global Forecast & Analysis to 2020" published by MarketsandMarkets, The global Automotive Engine Belt & Hose Market, in terms of value, is projected to grow from USD 14.6 Billion in 2015 to 20.2 Billion by 2020 at a CAGR of 6.69%.

Browse 111 market data Tables and 71 Figures spread through 185 Pages and in-depth TOC on "Automotive Engine Belt & Hose Market"

http://www.marketsandmarkets.com/Market-Reports/automotive-engine-belt-hose-market-146288845.html

Early buyers will receive 10% customization on this report. 

The market report classifies and defines the automotive belt & hose market in terms of value and volume. The report highlights potential growth opportunities for the automotive belt & hose market during the forecast period, and also includes a review of market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects related to the automotive belt & hose market.

Ask of Brief Illustration of this Report: http://www.marketsandmarkets.com/pdfdownload.asp?id=146288845

Asia-Oceania: Largest Market for Automotive Belt & hose 

Asia-Oceania is estimated to lead the market for automotive belts & hoses with China being the chief contributor to the growth of this market, which has grown to become the largest producer and consumer of automobiles across the globe. The automotive markets in Japan and South Korea are technologically advanced and well established, whereas the Indian Automotive Belt & Hose Market is growing and is expected to offer new opportunities. The growth potential of this region has resulted in many major OEMs, manufacturers, and suppliers choosing to setup R&D and production facilities in this region. Tier-1 suppliers including Toyoda Gosei Co. Ltd. (Japan), Yokohama Rubber Co., Ltd. (Japan), and Sumitomo Riko Co. Ltd. (Japan) are headquartered in this region.

Adoption of fuel efficient technologies will directly affect the market 

Globally, OEMs are improving their powertrains for increased efficiency and reducing emissions. These improvements include engine downsizing and electrification of components among others. A harsher working environment, increasing need for durability has resulted in a change in the way belts and hoses are made. The increasing adoption of turbochargers in the North American and Chinese markets has resulted in an increasing demand for hoses, which can handle the temperature of the exhaust gases, used for increasing the fuel efficiency. The adoption of Electrically Assisted Power Steering has also affected the market for power steering hoses. The use of blended fuels has resulted in research in the fuel delivery system hose market.

This report illustrates the market for automotive belts & hoses in terms of both volume and value. The market size in terms of volume from 2013-2020 is provided in terms of million units, whereas the market size in terms of value from 2013-2020 is provided in terms of USD million. With a focus on the key countries, the report is broadly classified into regions (Asia-Oceania, Europe, North America, and RoW).

The report provides, classifies and defines the Automotive Belt & Hose Market in terms of value, providing qualitative as well as quantitative insights. It consists of a comprehensive review of market drivers, restraints, opportunities, challenges, and other related aspects in the Automotive Belt & Hose Market. Key players in the market identified and profiled in this report include Continental AG (Germany), Toyoda Gosei Co. Ltd. (Japan), Yokohama Rubber Co., Ltd. (Japan), Sumitomo Riko Co. Ltd. (Japan), and Gates Corporation (U.S.).

Browse related reports: 

Automotive Gasket & Seal Market by Product Type (Gasket, Metallic Gasket, Non Metallic Gasket, Seals, Mechanical Seals, O Ring Seals, Lip Seals & Rotary Seals), Vehicle Type (PC, LCV & HCV), & by Geography - Global Forecast & Analysis to 2020
http://www.marketsandmarkets.com/Market-Reports/automotive-gasket-seal-market-66737065.html

Automotive Pumps Market by Product Type (Fuel Pump, Oil Pump, Water Pump, Windshield Washer Pump, Transmission Pump and Steering Pump), by Vehicle Type (PC, LCV, HCV, and Two-Wheelers), by Technology (Electric, Mechanical, and Hydraulic), by Region (North America, Europe, Asia-Pacific, and ROW) - Global Trends and Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/automotive-pumps-market-242990293.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets