Automotive Hoses Market Size and Share: Competitive Landscape and Growth Prospects

“The automotive hoses market size was USD 14.9 billion in 2023 and is likely to grow at a strong CAGR of 5.5% during 2024-2030 to reach USD 21.8 billion in 2030.”

Automotive hoses are critical parts of a vehicle's fluid conveyance system. They are designed to transport fluids, gases, and air to various parts of the vehicle, ensuring its smooth and efficient operation. These hoses are used in multiple systems within a vehicle, including the engine cooling system, fuel lines, air conditioning system, power steering system, etc. The critical importance of automotive hoses lies in their contribution to vehicular safety and functionality. They are meticulously designed and manufactured to withstand a spectrum of environmental conditions, including elevated temperatures, exposure to chemicals, and physical stresses. Their construction from materials like rubber and thermoplastics, along with their ability to handle different pressure ranges, makes them indispensable components in automotive engineering.