The global vehicle exhaust hose market revenue was around US$ 546.4 million in 2022 and is estimated to reach US$ 777.6 million by 2031, growing at a compound annual growth rate (CAGR) of 4% during the forecast period from 2023 to 2031.
A vehicle exhaust hose is a pipe that is utilized to eliminate harmful pollutants and fumes from a vehicle’s engine. It is very essential to release exhaust from automobiles as it includes highly toxic carbon monoxide which is dangerous for human health. Exhaust hoses are easy to utilize and offer a safe way of eradicating exhaust gases.
Market Driving Factors
Widespread urbanization along with technical advancements in exhaust systems is estimated to propel the market. Exhaust system technology, like exhaust gas recirculation (EGR) systems and exhaust after-treatment solutions, has developed quickly due to the stringent government pollution regulations. In addition, automakers are making diesel engine exhaust systems that reduce nitrogen oxide (NOx) emissions to comply with upcoming car pollution standards. As a result, the demand for cutting-edge exhaust systems for automobiles is anticipated to surge due to all these factors related to the improvement and evolution of the automotive exhaust system.
Surging demand for efficient fume extraction systems in automotive garages is estimated to drive the market. This is mainly due to the variety of dangerous particles and gases produced during the engine combustion process in diesel automobiles. In addition, toxic carbon monoxide (CO), which is present in high concentrations in automobile exhaust emissions, is emitted into the air while one is functioning close to these exhaust fumes. When inhaled in excess, this unpleasing and colorless gas can be fatal. As a result, diesel exhaust can be a potential occupational carcinogen.
Total price of ownership basis, electric cars are increasingly becoming more competitive in various nations, which will reduce the need for vehicle exhaust hoses. These elements are predicted to hinder market growth.
Regional Analysis
North America dominates the market in terms of the growth rate. This is primarily owing to the stringent pollution rules regarding vehicle exhaust emissions for automobiles and car repair garages, especially in the U.S. and Canada. Furthermore, various regional car exhaust hose manufacturer in the region concentrate their efforts on R&D and business growth. As a result, less cost is required for altering the nozzle and saving time. It will also assist in enhancing working conditions inside the vehicle garages, which is estimated to drive market growth in the region.
Segmentation Insights
Type Insight
The single-layer segment is estimated to dominate the market in terms of the highest revenue. This is mainly owing to its essential features such as strong flexibility, robustness, and compressibility rate. Furthermore, single-layer exhaust pipes are generally made of silicone-coated fiberglass, which is highly resistant to fungi, alkali, water, and other chemicals. Moreover, a single-layer exhaust hose is appropriate for automobile garages as it offers resistance against solvents, oil, grease, and high temperatures.
End-Use Insight
The commercial cars segment dominated the market and is estimated to maintain its dominance over the forecast period. This can be attributed to the massive expansion of the industrial sector, especially in nations such as Brazil, India, and China. Furthermore, essential enhancements in commercial operations in logistics and supporting economies around the world. As a result, it has increased demand for commercial vehicles.
The passenger cars segment dominates the market in terms of revenue share. This is due to the immediate surging disposable income of individuals all over the world. Due to this, they are becoming more capable of buying new luxury vehicles. Thus, the demand for passenger cars is extremely increasing all over the world. This element is mainly responsible for boosting the segment growth.
Prominent Companies
Segmentation Outline
The global vehicle exhaust hose market segmentation focuses on the Type, End Use, and Region.
By Type
By End-Use
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL VEHICLE EXHAUST HOSE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: VEHICLE EXHAUST HOSE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL VEHICLE EXHAUST HOSE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL VEHICLE EXHAUST HOSE MARKET, BY TYPE
5.1 OVERVIEW
5.2 SINGLE LAYER
5.3 DOUBLE LAYER
5.4 THREE LAYER
6 GLOBAL VEHICLE EXHAUST HOSE MARKET, BY END-USE
6.1 OVERVIEW
6.2 PASSENGER CARS
6.3 COMMERCIAL CARS
7 GLOBAL VEHICLE EXHAUST HOSE MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL VEHICLE EXHAUST HOSE MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 EUROVAC INC
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 NEDERMAN HOLDING AB
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 FLEXAUST INC.
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 NOVAFLEX GROUP
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 MASTERFLEX GROUP
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 DAYCO PRODUCTS LLC
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 AIR CLEANING SPECIALISTS INC.
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 BISCO ENTERPRISE INC.
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 PRECISION HOSE & EXPANSION JOINTS
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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