Global Vehicle Exhaust Hose Market Size study & Forecast, by Type (Single layer, Double Layer, Three Layer) By End-Use (Passenger Cars, Commercial Cars) and Regional Analysis, 2023-2030

Global Vehicle Exhaust Hose Market Size study & Forecast, by Type (Single layer, Double Layer, Three Layer) By End-Use (Passenger Cars, Commercial Cars) and Regional Analysis, 2023-2030

Global Vehicle Exhaust Hose Market is valued approximately USD 555.32 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2023-2030. A vehicle exhaust hose, also known as an exhaust pipe or tailpipe, is a component of an automotive exhaust system that is responsible for carrying the exhaust gases produced by the engine out of the vehicle. It is typically made of metal or a combination of metal and rubber materials to withstand high temperatures and corrosive exhaust gases. The Vehicle Exhaust Hose market is expanding because of factors such as increasing demand for electric vehicles and growing number of commercial vehicles. The exhaust hose is connected to the exhaust manifold or header at the engine and extends to the rear of the vehicle, where it expels the exhaust gases into the atmosphere. Along its length, the hose may have several bends and curves to fit the vehicle's design and routing requirements. Its importance has progressively increased during the last few decades.

According to the Statista, it is expected that there will be 77 million passenger vehicles in the global electric vehicle fleet by 2025, up from an estimated 20 million units as of mid-year 2022. That year, global electric passenger vehicles represented around 1.5 percent of the global fleet. Furthermore, Electric vehicles amounted to some 14 percent of the global passenger car sales in 2022, which was a rise of around 5.3 percentage point year-over-year. Another important component driving space increase number of commercial vehicles. As per Statista, around 23.24 million heavy buses, light commercial vehicles, and trucks were produced worldwide in 2021. That year, light commercial vehicles accounted for around 80% of the worldwide commercial vehicle production. In addition, in 2021 approx. 18.6 million light commercial vehicles were produced worldwide. Also, rising technological advancement in exhaust hose and rising disposable income would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Vehicle Exhaust Hose stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Vehicle Exhaust Hose Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the technological advancements and strict environmental norms. According to the Statista, in 2020, Magna International ranked first based on revenue among North America-based OEM automotive suppliers. The company reported sales of around 32.6 billion U.S. dollars that year. Lear Corp. and Adient ranked second and third with revenues of 17 billion U.S. dollars and 12.7 billion U.S. dollars, respectively. Asia Pacific is expected to grow significantly during the forecast period, owing to geographic expansion of key players, and active participation of government organizations to overcome harmful emissions in the market space.

Major market player included in this report are:
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
KEMPER GmbH

Recent Developments in the Market:
In November 2021, Avantor, Inc., has acquired Masterflex bioprocessing business and related assets of Antylia Scientific, a privately held, portfolio company of investment firms GTCR and Golden Gate Capital.

Global Vehicle Exhaust Hose Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, End-Use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type
Single layer
Double Layer
Three Layer

By End-Use
Passenger Cars
Commercial Cars

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
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
KEMPER GmbH

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