The global automotive rubber tubing market is anticipated to grow at a CAGR of 4.2% during the forecast period (2022-2028). Generally, rubber tubes have several uses wherein automotive sector, they are used to circulate and transport liquids and gases for vehicle uses. The market growth is majorly attributable to the significant demand for automobile cars globally as a result of increase in per capita income, increased urbanization, and growth in the living standards, and change in consumer preferences. For instance, as per the OICA (International Organization of Motor Vehicle Manufacturers), total vehicle sales including the passenger cars and light commercial vehicles, had increased to 92,654,055 units in 2018 from 91,458,490 units in 2016. Such augmented vehicle sales have surged the growth of the global automotive rubber tubing market.
A full report of Global Automotive Rubber Tubing Market is available at: https://orionmarketreports.com/global-automotive-rubber-tubing-market/110589/
Other key drivers of the market growth include the key advantages offered by rubber tubes. These include good abrasion resistance, strong adhesion, oil resistance, ozone resistance, erosion resistance, and oxidation resistance. Moreover, these tubes have good comprehensive performance, low plasticity, and high elasticity property. They are produced by crafting vulcanized rubber as well as synthetic polymers. They also remain non-reactive to the fluids that include coolant, fuel and lubricants within an automobile, which further increases their adoption in the automotive industry.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Continental AG, Nichirin Co., Ltd., and Eaton Corp. plc, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Rubber Tubing Market Report by Segment
By Product Type
- Non-Reinforced Rubber Tube
- Metal-Reinforced Rubber Tube
By Application
- Passenger Cars
- Commercial Vehicles
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