Automotive Belts And Hoses Market

By Belt Type;

Drive [Serpentine, V-Belt], Timing [Toothed], Accessory & Stretch-Fit and Micro-V/Poly-V

By Hose Type;

Fuel Delivery, Brake, Power Steering, Heating & Cooling, Turbocharger & Charge-Air, A/C Refrigerant and Emission/EV Thermal-Management

By Vehicle Type;

Passenger Cars and Commercial Vehicles

By Sales Channel;

OEMs and Aftermarket

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn956388471 Published Date: September, 2025 Updated Date: October, 2025

Introduction

Global Automotive Belts and Hoses Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Belts and Hoses Market was valued at USD 25,534.88 million. The size of this market is expected to increase to USD 40,469.94 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.


Automotive Belts And Hoses Market

*Market size in USD million

CAGR 6.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.8 %
Market Size (2024)USD 25,534.88 Million
Market Size (2031)USD 40,469.94 Million
Market ConcentrationMedium
Report Pages342
25,534.88
2024
40,469.94
2031

Major Players

  • Sumitomo Riko Co. Ltd
  • ACDelco (General Motors)
  • Toyoda Gosei Co. Ltd
  • Continental AG
  • Goodyear Tire & Rubber Co.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Automotive Belts And Hoses Market

Fragmented - Highly competitive market without dominant players


The global automotive belts and hoses market plays a pivotal role in ensuring the efficient operation and reliability of vehicles worldwide. Belts and hoses are essential components of automotive systems, responsible for transmitting power, fluids, and essential functions throughout the vehicle. From powering the engine's accessories to circulating coolant and managing hydraulic systems, belts and hoses are integral to the functionality and performance of modern automobiles.

This introduction sets the stage for exploring the multifaceted aspects of the global automotive belts and hoses market, delving into key drivers, challenges, opportunities, and emerging trends that shape its trajectory. As vehicles continue to evolve with advancements in technology, electrification, and sustainability, the demand for high-quality belts and hoses that deliver optimal performance, durability, and efficiency is on the rise.

In this dynamic landscape, understanding the dynamics of the global automotive belts and hoses market is essential for industry stakeholders, including manufacturers, suppliers, distributors, and aftermarket service providers. From innovations in materials and manufacturing processes to shifts in consumer preferences and regulatory standards, the market for automotive belts and hoses is influenced by a myriad of factors that drive innovation, competition, and market growth.

By exploring the trends, challenges, and opportunities within the global automotive belts and hoses market, stakeholders can gain valuable insights into market dynamics, competitive landscapes, and strategic imperatives for success. Whether it's adapting to evolving regulatory requirements, harnessing emerging technologies, or capitalizing on growth opportunities in emerging markets, staying abreast of market trends and developments is essential for navigating the complexities of the global automotive belts and hoses market.

In the following sections, we will delve into key aspects of the market, including segmentation by product type, application, and geography, as well as emerging trends, competitive dynamics, and strategic considerations for industry participants. Through this exploration, we aim to provide a comprehensive overview of the global automotive belts and hoses market, offering insights and perspectives to inform strategic decision-making and drive business success in this dynamic and ever-evolving industry landscape.

Drivers, Restraints and Opportunity Analysis

Drivers :

  • Vehicle production growth
  • Technological advancements
  • Increasing vehicle electrification
  • Stringent emission regulations - Stringent emission regulations are driving significant changes in the automotive industry, shaping the design, production, and adoption of vehicles worldwide. These regulations, imposed by governments and international bodies, aim to mitigate the environmental impact of vehicle emissions, particularly greenhouse gases and pollutants that contribute to air pollution and climate change. By setting limits on exhaust emissions such as carbon dioxide (CO2), nitrogen oxides (NOx), particulate matter (PM), and hydrocarbons (HC), emission regulations compel automakers to develop cleaner, more fuel-efficient vehicles that comply with increasingly stringent standards.

    One of the key drivers behind stringent emission regulations is the growing awareness of environmental issues and their impact on public health and the planet. Concerns about air quality, smog-related health problems, and climate change have prompted policymakers to take decisive action to reduce vehicle emissions and curb their environmental footprint. As a result, governments around the world are implementing ambitious targets and timelines to reduce greenhouse gas emissions and transition to cleaner transportation solutions.

    Another factor driving stringent emission regulations is the advancement of technology and innovation in vehicle propulsion systems. The emergence of electric vehicles (EVs), hybrid electric vehicles (HEVs), and fuel-efficient internal combustion engines (ICEs) has opened new possibilities for reducing emissions and improving fuel economy. Governments incentivize the adoption of low-emission vehicles through subsidies, tax credits, and regulatory incentives, encouraging automakers to invest in research and development of cleaner technologies.

    International agreements such as the Paris Agreement and the Kyoto Protocol have catalyzed global efforts to combat climate change by reducing greenhouse gas emissions from various sectors, including transportation. These agreements set targets for reducing emissions and encourage countries to adopt cleaner energy sources and transportation technologies. As a result, automakers are under pressure to meet stringent emission standards to comply with international commitments and remain competitive in the global marketplace.

    In response to stringent emission regulations, automakers are investing heavily in research and development to develop cleaner, more efficient vehicles. This includes improving engine efficiency, optimizing vehicle aerodynamics, reducing vehicle weight, and electrifying vehicle propulsion systems. Additionally, automakers are exploring alternative fuels such as biofuels, hydrogen, and synthetic fuels to further reduce emissions and diversify their product portfolios.

Restraints :

  • Fluctuating raw material prices
  • Economic downturns
  • Intense market competition
  • Supply chain disruptions - Supply chain disruptions refer to significant interruptions or disturbances in the flow of goods, services, and information within a supply chain network. These disruptions can occur due to various factors, both internal and external, and can have far-reaching consequences for businesses, consumers, and the economy as a whole.

    One of the primary causes of supply chain disruptions is natural disasters, such as earthquakes, hurricanes, floods, wildfires, and tsunamis. These events can damage infrastructure, disrupt transportation networks, and halt production facilities, leading to delays in the delivery of goods and components. Additionally, geopolitical events, including trade disputes, sanctions, and political instability, can disrupt supply chains by imposing tariffs, export restrictions, or embargoes, limiting access to critical inputs and markets.

    Supply chain disruptions can be caused by operational issues such as equipment failures, quality defects, labor strikes, and supplier bankruptcies. These events can lead to production delays, inventory shortages, and quality issues, impacting the reliability and resilience of supply chain networks. Technological disruptions, such as cyberattacks, data breaches, and system failures, can also compromise supply chain visibility, communication, and coordination, posing risks to the integrity and security of supply chain operations.

    The COVID-19 pandemic brought unprecedented challenges to supply chains, highlighting vulnerabilities and dependencies that were previously overlooked. Lockdowns, quarantines, and travel restrictions imposed to contain the spread of the virus disrupted manufacturing operations, transportation networks, and labor availability, leading to widespread supply chain disruptions across industries. The pandemic exposed the fragility of supply chains and underscored the importance of resilience, agility, and contingency planning in mitigating supply chain risks.

    Addressing supply chain disruptions requires proactive risk management strategies, including diversifying supplier networks, building redundancy and flexibility into supply chain processes, investing in technology and infrastructure resilience, and fostering collaboration and transparency across supply chain partners. By adopting these measures, businesses can mitigate the impact of disruptions, enhance supply chain resilience, and ensure continuity of operations in the face of unforeseen challenges.

Opportunities :

  • Growth in electric and hybrid vehicles
  • Technological innovation in materials and manufacturing processes
  • Expansion of aftermarket sales and services
  • Collaboration with automotive manufacturers - Collaboration with automotive manufacturers represents a strategic approach for suppliers to enhance their competitiveness, drive innovation, and secure long-term partnerships within the automotive industry. By working closely with automotive manufacturers, suppliers can gain insights into market trends, customer preferences, and technological advancements, enabling them to align their product development and manufacturing capabilities with industry demands.

    One key aspect of collaboration with automotive manufacturers involves early engagement in the product development process. Suppliers that participate in the design and engineering phases of vehicle development can leverage their expertise to co-create innovative solutions that address specific performance, cost, and sustainability requirements. By collaborating closely with automotive manufacturers from the outset, suppliers can ensure that their products are seamlessly integrated into vehicle platforms, enhancing overall performance and reliability.

    Collaboration with automotive manufacturers enables suppliers to anticipate market trends and emerging technologies, positioning them as preferred partners for future projects. By maintaining open lines of communication and sharing market intelligence with automotive manufacturers, suppliers can identify opportunities for product differentiation, diversification, and expansion into new markets. Collaborative relationships also foster trust and mutual respect between suppliers and manufacturers, paving the way for long-term partnerships built on shared goals and objectives.

    Collaboration with automotive manufacturers allows suppliers to enhance their manufacturing processes and capabilities to meet industry standards and specifications. By adhering to stringent quality control measures and production requirements, suppliers can ensure that their products meet the rigorous standards of automotive manufacturers, enhancing customer satisfaction and brand reputation. Moreover, collaborative efforts to optimize manufacturing processes can lead to cost efficiencies, improved lead times, and greater agility in responding to changing market demands.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Belt Type
    2. Market Snapshot, By Hose Type
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Automotive Belts And Hoses Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Vehicle production growth
        2. Technological advancements
        3. Increasing vehicle electrification
        4. Stringent emission regulations
      2. Restraints
        1. Fluctuating raw material prices
        2. Economic downturns
        3. Intense market competition
        4. Supply chain disruptions
      3. Opportunities
        1. Growth in electric and hybrid vehicles
        2. Technological innovation in materials and manufacturing processes
        3. Expansion of aftermarket sales and services
        4. Collaboration with automotive manufacturers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Automotive Belts And Hoses Market, By Belt Type, 2021 - 2031 (USD Million)
      1. Drive
        1. Serpentine
        2. V-belt
      2. Timing
        1. Toothed
      3. Accessory & Stretch-Fit
      4. Micro-V / Poly-V
    2. Automotive Belts And Hoses Market, By Hose Type, 2021 - 2031 (USD Million)
      1. Fuel Delivery
      2. Brake
      3. Power Steering
      4. Heating & Cooling
      5. Turbocharger & Charge-Air
      6. A/C Refrigerant
      7. Emission / EV Thermal-Management
    3. Automotive Belts And Hoses Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Car
      2. Commercial Vehicle
    4. Automotive Belts And Hoses Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. OEMs
      2. Aftermarket
    5. Automotive Belts And Hoses Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sumitomo Riko Co. Ltd
      2. ACDelco (General Motors)
      3. Toyoda Gosei Co. Ltd
      4. Continental AG
      5. Goodyear Tire & Rubber Co.
  7. Analyst Views
  8. Future Outlook of the Market