Global Automotive Belts and Hoses Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Vehicle Type;

Passenger Cars and Commercial Vehicles.

By Hose Type;

Fuel Delivery System Hoses, Braking System Hoses, Power Steering System Hoses, Heating and Cooling System Hoses, and Turbocharger Hoses.

By Belt Type;

Drive Belt and Timing Belt.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn956388471 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Belts and Hoses Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Belts and Hoses Market was valued at USD 25,534.88 million. The size of this market is expected to increase to USD 40,469.94 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.

The global automotive belts and hoses market plays a pivotal role in ensuring the efficient operation and reliability of vehicles worldwide. Belts and hoses are essential components of automotive systems, responsible for transmitting power, fluids, and essential functions throughout the vehicle. From powering the engine's accessories to circulating coolant and managing hydraulic systems, belts and hoses are integral to the functionality and performance of modern automobiles.

This introduction sets the stage for exploring the multifaceted aspects of the global automotive belts and hoses market, delving into key drivers, challenges, opportunities, and emerging trends that shape its trajectory. As vehicles continue to evolve with advancements in technology, electrification, and sustainability, the demand for high-quality belts and hoses that deliver optimal performance, durability, and efficiency is on the rise.

In this dynamic landscape, understanding the dynamics of the global automotive belts and hoses market is essential for industry stakeholders, including manufacturers, suppliers, distributors, and aftermarket service providers. From innovations in materials and manufacturing processes to shifts in consumer preferences and regulatory standards, the market for automotive belts and hoses is influenced by a myriad of factors that drive innovation, competition, and market growth.

By exploring the trends, challenges, and opportunities within the global automotive belts and hoses market, stakeholders can gain valuable insights into market dynamics, competitive landscapes, and strategic imperatives for success. Whether it's adapting to evolving regulatory requirements, harnessing emerging technologies, or capitalizing on growth opportunities in emerging markets, staying abreast of market trends and developments is essential for navigating the complexities of the global automotive belts and hoses market.

In the following sections, we will delve into key aspects of the market, including segmentation by product type, application, and geography, as well as emerging trends, competitive dynamics, and strategic considerations for industry participants. Through this exploration, we aim to provide a comprehensive overview of the global automotive belts and hoses market, offering insights and perspectives to inform strategic decision-making and drive business success in this dynamic and ever-evolving industry landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Hose Type
    3. Market Snapshot, By Belt Type
    4. Market Snapshot, By Region
  4. Global Automotive Belts and Hoses Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Vehicle production growth
        2. Technological advancements
        3. Increasing vehicle electrification
        4. Stringent emission regulations
      2. Restraints
        1. Fluctuating raw material prices
        2. Economic downturns
        3. Intense market competition
        4. Supply chain disruptions
      3. Opportunities
        1. Growth in electric and hybrid vehicles
        2. Technological innovation in materials and manufacturing processes
        3. Expansion of aftermarket sales and services
        4. Collaboration with automotive manufacturers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Automotive Belts and Hoses Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
    2. Global Automotive Belts and Hoses Market, By Hose Type, 2021 - 2031 (USD Million)
      1. Fuel Delivery System Hoses
      2. Braking System Hoses
      3. Power Steering System Hoses
      4. Heating and Cooling System Hoses
      5. Turbocharger Hoses
    3. Global Automotive Belts and Hoses Market, By Belt Type, 2021 - 2031 (USD Million)
      1. Drive Belt
      2. Timing Belt
    4. Global Automotive Belts and Hoses Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sumitomo Riko Co. Ltd
      2. ACDelco (General Motors)
      3. Toyoda Gosei Co. Ltd
      4. Continental AG
      5. Goodyear Tire & Rubber Co.
  7. Analyst Views
  8. Future Outlook of the Market