The vehicle exhaust hose market will generate 0.60 million from

The vehicle exhaust hose market will generate $760.60 million from

Portland, Ore., Aug. 04, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global vehicle exhaust hose market generated USD 525.40 million in 2021 and is expected to generate USD 760.60 million by 2030, exhibiting a CAGR of 4.0% from 2022 to 2030. The report provides extensive analysis of the changing market dynamics, major segments, value chain, competitive scenario and regional landscape. This research offers valuable guidance to leading players, investors, shareholders and start-ups in developing strategies for sustainable growth and gaining competitive advantage in the market.

Vehicle Exhaust Hose Industry Report Coverage and Details:

Report coverage Details
Forecast period 2022–2030
Base year 2021
Market size in 2021 $525.40 million
Market Size in 2031 $760.60 million
CAGR 4.0%
Number of pages in the report 246
Covered segments Type, end use and region.
Drivers Increased demand from car repair shops
Increase in middle class population
Effective smoke extraction systems in vehicles
Opportunities An innovation in exhaust hoses for mechanical protection
Limits Increasing demand for electric vehicles (EV)

Covid-19 scenario:

  • The outbreak of the COVID-19 pandemic has had a negative impact on global vehicle exhaust hose marketdue to the implementation of a strict lockdown which resulted in the temporary closure of car manufacturing activities.
  • The ban on import and export activities has led to a sudden drop in the availability of key raw materials for vehicle components. As a result, supply chains were disrupted and production schedules were delayed.
  • To prevent the spread of coronavirus, governments in every nation have made social distancing mandatory, due to which market players have faced labor shortages.
  • However, in the post-pandemic period, the market recovered quickly with an increase in car sales.

Download report (210 pages PDF with information, charts, tables, figures) at https://www.alliedmarketresearch.com/request-sample/17607

The study provides detailed segmentation of the global vehicle exhaust hose market based on type, end-use, and region. The report examines the segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the top revenue generating and fastest growing segments mentioned in the report.

On the basis of type, the single layer segment had the highest share in 2021, accounting for about half of the global vehicle exhaust hose market and is expected to continue its leadership status during the forecast period. Furthermore, the same segment is expected to register the highest CAGR of 4.3% from 2022 to 2030. The report also analyzes the two-layer and three-layer segments.

On the basis of end-use, the commercial vehicle segment accounts for the highest share in 2021, holding nearly three-fifths of the global market and is expected to continue its leadership status during the forecast period. Furthermore, the same segment is expected to register the highest CAGR of 4.2% from 2022 to 2030. Other segments mentioned in the report include passenger cars.

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On the basis of region, North America held the largest share in 2021, contributing more than a quarter of the total market share, and is expected to retain its dominant share in terms of revenue in 2030. However, Asia- Pacific region to exhibit the fastest CAGR of 4.6% during the forecast period. The study also analyzes regions including Europe and LAMEA.

The leading market players in the global vehicle exhaust hose market analyzed in the research include Air Cleaning Specialists, Inc., Nederman Holding AB, Masterflex Group., Novaflex Group, Eurovac, Flexaust Inc., Precision Hose & Expansion Joints, BISCO Enterprise, Inc. , Dayco Products, LLC and KEMPER GmbH. These players have adopted various strategies such as new product launches, collaborations, expansions, joint ventures, agreements, and others to increase their market share and maintain dominant shares in various regions. The report is valuable as it highlights the business performance, operating segments, product portfolio and strategic moves of the market players to show the competitive scenario.

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About us

Allied Market Research (AMR) is the market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a single-minded focus on providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relationship with various companies and this helps us to extract market data which helps us to generate accurate data tables from surveys and confirms extreme accuracy in our market forecasts. Allied Market Research CEO Pavan Kumar is a tool to inspire and encourage everyone associated with the company to maintain high data quality and help customers in every possible way to achieve success. All the data presented in the reports published by us are derived through primary interviews with senior executives from leading companies in the respective domain. Our secondary data delivery methodology involves in-depth online and offline research and discussions with experienced industry professionals and analysts.

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