The global radiator hose market is anticipated to grow at a CAGR of 2.2 % during the forecast period (2022-2028). Radiator hoses are often used to deliver cooling and fuel efficiency to keep engine temperatures low and to prevent car crashes and overheating. As the demand for vehicles is increasing coupled with the increasing population and no car operates without radiator hoses, which is expected to propel the market growth during the forecast period. Radiator hoses are used to provide better fuel efficiency and efficiency to keep engine temperatures low and save cars from overheating and fatal failure that’s why it is important to choose a radiator hose with a very good shelf life. Maintaining radiator hoses has been a major challenge for the producer of radiator hoses and the radiator hoses market can face the challenges due to the cheapest alternatives available in the market.
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Due to lifestyle changes, rising wage earnings, and rising living standards, the automotive industry is likely to rise in the future, creating fewer opportunities in the radiator plumbing market. The radiator hose must be efficient and constructed in such a way that it can withstand high temperatures and pressures without fatigue. Radiator hoses should be made of high-quality, durable, and durable material, it is likely to grow rapidly over the forecast period.
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Some major players in the market include Tokyo Rub, Shandong Meichen, Tianjin Pengking, Goodyear, and Nufox, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2019, Metalcaucho launched more than 700 new part numbers, 262 of them which are exclusive. Thus, among others, the following new part numbers are already available 466 hoses, 26 engine and gearbox mounts, 23 thermostats, 22 exhaust mounts, 22 expansion tanks, 21 wheel hubs and many more families to reach 703 part numbers.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material Type
- By Radiator Hose Cover
- By Vehicle Type
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Tokyo Rub, Shandong Meichen, Tianjin Pengking, Goodyear, and Nufox, 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 has 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 players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Radiator Hose Market Report by Segment
By Material Type
- Silicon
- Rubber
- Others
By Radiator Hose Cover
- Molded Type
- Flexible Type
By Vehicle Type
- Commercial Vehicle
- Passenger Vehicle
By Sales Channel
- OEM
- Aftermarket
Global Radiator Hose Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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