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Vehicle Exhaust Hose Market

Vehicle Exhaust Hose Market by Type (Single layer, Double Layer, Three Layer), by End-Use (Passenger Cars, Commercial Cars): Global Opportunity Analysis and Industry Forecast, 2021-2030

A17189
Pages: 246
Jul 2022 | 234 Views
Author(s) : Naga Surya Sanka, Neha Mittal , Vitika Verma
Tables: 111
Charts: 60
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Vehicle Exhaust Hose Market Research, 2030

The global vehicle exhaust hose market was valued at $525.40 million in 2021, and is projected to reach $760.60 million by 2030, growing at a CAGR of 4% from 2022 to 2030. The vehicle exhaust hose is used in an indoor automobile repair shop to remove vehicle exhaust emissions. It is important to remove exhaust fumes from automobile garages as it contains carbon monoxide, which is dangerous for human health. An exhaust hose's primary function is to provide a dedicated route for channeling exhaust fumes from a running vehicle to outside automobile garages, where the fumes can be safely vented. Vehicle exhaust hose is simple to operate and provides a safe way to remove exhaust gases. Exhaust hoses come in a wide range of temperature and size specifications, allowing specialists to find right fit for practically any type of vehicle, including sedans, buses, big trucks, minivans, and other vehicles.

Government rules managing social exclusion, lockdown limitations, and brief industry closures have slowed down car production, which has significantly affected the growth of the vehicle exhaust hose market.

Vehicle Exhaust Hose Market, Vehicle Exhaust Hose Industry

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Primary reasons such as rising disposable income and increasing middle-class population are predicted to enhance sales of passenger automobiles and commercial vehicles, boosting revenue growth of the vehicle exhaust hose market. Continuous exposure to vehicle exhaust fumes can cause serious health problems such as irritating eyes, lungs, throat, and breathing related issues to workers coming in contact with engines fumes. Vehicle engines are major source of carbon monoxide which is harmful for human health as it replaces oxygen in the blood. These harmful vehicle exhaust fumes in automobile garages and repair shops pose the risk of cancer as well. As a result, requirement for creating a safe and healthy working environment is rapidly growing in automobile workshops and garages, which could drive up demand for vehicle exhaust hose over the forecast period. 

Increased demand from the automotive repair facilities, and efficient fume extraction systems in the vehicles are expected to drive vehicle exhaust hose market revenue growth in the predicted time span. In addition, vehicle exhaust hose demand is expected to be boosted by innovation in the field of exhaust hose for protecting mechanics and workers from vehicle fume.

However, demand for electric vehicles (EVs) is increasing particularly in Europe, the U.S., China, and India, which may hamper the global vehicle exhaust hose market. Demand for EVs is growing due to a variety of factors such as they are environment friendly, low maintenance, and offer better performance. In particular, on a total cost of ownership basis, electric cars are increasingly becoming more competitive in several countries, which will decrease the requirement for vehicle exhaust hose. These factors are anticipated to restrain revenue growth of the vehicle exhaust hose market.

The industry players are investing more on R&D of new innovative and unique products to sustain their growth in the market. This includes new product launches, partnerships, and mergers & collaborations. For instance, Detroit based startup, Remora, designed a carbon emission capture device which is designed to collect fumes directly from vehicles.

The key players included in this report are Masterflex Group., Air Cleaning Specialists, Inc., Nederman Holding AB, Novaflex Group, Eurovac, Flexaust Inc., Precision Hose & Expansion Joints, BISCO Enterprise, Inc., Dayco Products, LLC, and KEMPER GmbH.

The global vehicle exhaust hose market is segmented on the basis of type, end-use, and region. By type, the market is sub-segmented into single layer, double layer, and three layer. By end-use, the market is classified into passenger cars and commercial cars. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The vehicle exhaust hose market is segmented into Type and End-Use.

Vehicle Exhaust Hose Market
By Type

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Single-layer sub-segment held the highest market share in 2021

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By type, the single layer sub-segment dominated the market in 2021. Due to its significant properties such as flexibility, toughness, and compressibility rate, single layer exhaust hose is rising in popularity. Single-layer exhaust pipes are also generally built of silicone-coated fiberglass, which is resistant to alkali and other chemicals. These are predicted to be the major factors affecting the vehicle exhaust hose market revenue growth during the forecast period.

Vehicle Exhaust Hose Market
By End-use

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Commercial cars segment is anticipated to grow at a fastest CAGR over the forecast period

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By end-use, the commercial cars sub-segment dominated the global vehicle exhaust hose market in 2021. In recent years, tremendous expansion of the industrial sector, particularly in countries such as India, Brazil, and China, as well as important improvements in commercial operations in logistics and strengthening economies around the world, has raised demand for commercial vehicles. Applications of exhaust hose in the commercial vehicle sector are bound to create a scope of growth for the sub-segment during the forecast period.

Vehicle Exhaust Hose Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region is anticipated to grow at fastest CAGR over the forecast period

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By region, North America dominated the global market in 2021, owing to strict pollution regulations regarding vehicle exhaust emission for vehicles and automobile repair garages, particularly in Canada and the U.S. Several regional car exhaust hose producers in the region are focusing their efforts on R&D and business expansion. For instance, WORKY, a company involved in designing and manufacturing of vehicle exhaust hose, launched a touchless vehicle fume extraction system called GTL for the American market. This will help to reduce cost required for changing the nozzle and save time as well. It will also help to improve working condition inside the automobile garages, which is further expected to fuel revenue growth of the regional market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vehicle exhaust hose industry analysis from 2021 to 2030 to identify the prevailing vehicle exhaust hose market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the vehicle exhaust hose industry segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global vehicle exhaust hose market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

  • By Type
    • Single layer
    • Double Layer
    • Three Layer

  • By End-Use
    • Passenger Cars
    • Commercial Cars

  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Spain
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • Saudi Arabia
      • UAE
      • South Africa
      • Rest of LAMEA

Key Market Players

  • Masterflex Group
  • Air Cleaning Specialists, Inc.
  • Nederman Holding AB
  • Novaflex Group
  • eurovac inc
  • Flexaust Inc.
  • Precision Hose & Expansion Joints
  • BISCO Enterprise, Inc.
  • Dayco Products, LLC
 

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Increase demand for efficient vehicle exhaust hose from automobile garages is the key factor that is projected to drive revenue growth of the global vehicle exhaust hose market during the forecast period. In addition, implementation of stringent government regulations towards environmental pollution and emission norms is expected to fuel market revenue growth during anticipated time period. However, rising demand for electrical vehicles in developed as well as developing countries is further going to hamper revenue growth of the vehicle exhaust hose market. On the contrary, rising investments in the field of vehicle exhaust hose by major players in market are expected to drive the market revenue growth. Moreover, major players in the market are more focused on innovation and new product development of vehicle exhaust hose according to latest environmental norms. Rise in demand for commercial vehicles due to rapid urbanization is anticipated to provide growth opportunities for key players operating in the vehicle exhaust hose market during the forecast period.    

Among the analyzed regions, North America is expected to account for the highest revenue share in the market by the end of 2030, followed by Asia-Pacific, Europe, and LAMEA. Rapid industrialization and urbanization are the key factors responsible for leading position of North America vehicle exhaust hose market.

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FREQUENTLY ASKED QUESTIONS?

A. The diverse applications of vehicle exhaust hose across automotive manufacturing, automobile repair center, and other sectors is the major market driver. In addition, demand for efficient exhaust system from automobile garages to protect their workers from harmful vehicles engine exhaust fumes is anticipated to generate opportunities in the vehicle exhaust hose market.

A. Passenger and commercial vehicle manufacturers are the major customers in the global vehicle exhaust hose market.

A. The vehicle exhaust hose market is expanding due to factors such as rising demand for effective and efficient fume extraction systems from automobile garages.

A. Commercial cars sub-segment of the vehicle exhaust hose application acquired the maximum share in the global vehicle exhaust hose market in 2021.

A. Asia-Pacific will provide more business opportunities for the global vehicle exhaust hose market in future.

A. Masterflex Group., Air Cleaning Specialists, Inc., Nederman Holding AB, Novaflex Group, Eurovac, Flexaust Inc., Precision Hose & Expansion Joints, BISCO Enterprise, Inc., Dayco Products, LLC, and KEMPER GmbH are the major players in the vehicle exhaust hose market.

A. The major growth strategies adopted by vehicle exhaust hose market players are investment in R&D and innovation of new products.

A. The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global vehicle exhaust hose market from 2021 to 2030 to determine the prevailing opportunities.

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