Automotive Coolant Hose Market Report 2024 (Global Edition)

Global Automotive Coolant Hose Market Report 2024 Market Size Split by Type (Molded Coolant Hose, Modular Radiator Hose, Others), by Sales type (OEM, Aftermarket), by Vehicle Type (Passenger Cars, Com...

Automotive Coolant Hose Market Report Description

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Automotive Coolant Hose Market Insights Video

Competitive Landscape of the Automotive Coolant Hose Market

The competitive dynamics of the automotive coolant hose market are shaped by a blend of technological advancements, strategic partnerships, and regional market strategies. Companies that can adapt to changing automotive trends, such as the rise of electric vehicles and increased emphasis on sustainability, will be well-positioned to thrive in this evolving market.

August 2022: The global lubricant maker Valvoline Cummins unveiled Valvoline Advanced Coolant, a glycol-based full-antifreeze coolant for cars and commercial vehicles. According to the manufacturer, the product includes OAT technology, which offers a drain period of up to 5,000 kilometers (5 years) of service life. (Source: https://www.motorindiaonline.in/valvoline-launches-advanced-coolant-with-oat-technology/) September 2021: to charge electric vehicles more quickly, MAHLE created a new battery cooling system. The maximum temperature of the battery is ensured to significantly decrease during charging and the average temperature is distributed in a much more uniform manner by an electrically nonconductive coolant flowing around the cells. (Source: https://newsroom.mahle.com/press/en/press-releases/mahle-develops-new-battery-cooling-system-for-faster-charging-of-electric-cars-85120)

Top Companies Market Share in Automotive Coolant Hose Industry: (In no particular order of Rank)

• Continental
• Eaton
• Gates
• Sumitomo Riko
• Toyoda Gosei
• DuPont
• Keihin
• Plastic Omnium
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Automotive Coolant Hose Market

Which Region Dominates the Automotive Coolant Hose Market in 2024?

According to Cognitive Market Research, North America dominates the Automotive Coolant Hose Market due to its well-established automotive industry and advanced infrastructure. The region is home to major automotive manufacturers and suppliers, driving high demand for automotive components, including coolant hoses. Additionally, North America benefits from robust technological advancements, stringent regulations ensuring high-quality standards, and a large aftermarket segment.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the Automotive Coolant Hose Market due to rapid industrialization, increasing vehicle production, and rising consumer demand for automobiles. The region’s expanding automotive manufacturing base, driven by countries like China and India, significantly boosts the demand for automotive components, including coolant hoses. Economic growth, improved infrastructure, and growing middle-class populations also contribute to higher vehicle ownership rates and maintenance needs.

 

The current report Scope analyzes Automotive Coolant Hose Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Coolant Hose

According to Cognitive Market Research, the global Automotive Coolant Hose market size was estimated at USD 109541.5 Million,out of which North America held the major market of more than 40% of the global revenue with a market size of USD 43816.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Automotive Coolant Hose market with a market size of USD 34571.30 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. The demand is amplified by the nation's increasing demand for efficient thermal management in vehicles.
• The Canada Automotive Coolant Hose market had a market share of USD 5257.99 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Canada's robust increasing demand for efficient thermal management in vehicles of applications to increased usage of Automotive Coolant Hose.
• The Mexico Automotive Coolant Hose market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 3987.31 million in 2024.

Europe Automotive Coolant Hose

According to Cognitive Market Research, the global Automotive Coolant Hose market size was estimated at USD 109541.5 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 32862.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5%from 2024 to 2031.

• The United Kingdom Automotive Coolant Hose market had a market share of USD 5520.89 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. In the UK, Automotive Coolant Hose sales witness an upswing due to the nation's increasingly adopting advanced materials.
• The France Automotive Coolant Hose market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 3023.35 million in 2024.
• According to Cognitive Market Research, the Germany Automotive Coolant Hose market size was valued at USD 6506.77 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. In Germany, Automotive Coolant Hose sales surged due to the increasingly adopting advanced materials.
• The Italy Automotive Coolant Hose market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 2826.17 million in 2024.
• The Russia Automotive Coolant Hose market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 5093.68 million in 2024.
• The Spain Automotive Coolant Hose market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 2694.72 million in 2024
• The LuxembourgAutomotive Coolant Hose market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 1018.74 million in 2024.
• The PortugalAutomotive Coolant Hose market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 690.11 million in 2024.
• The GreeceAutomotive Coolant Hose market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 394.35 million in 2024.
• Rest of Europe'sAutomotive Coolant Hose market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 5093.68 million in 2024.

Asia Pacific Automotive Coolant Hose

According to Cognitive Market Research, the global Automotive Coolant Hose market size was estimated at USD 109541.5Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 25194.55million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0%from 2024 to 2031.

• According to Cognitive Market Research, the China Automotive Coolant Hose market size was valued at USD 11337.55 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Automotive Coolant Hose sales surge in China due to the rising disposable incomes, and increasing vehicle production.
• The Japan Automotive Coolant Hose market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 3476.85 million in 2024.
• The India Automotive Coolant Hose market had a market share of USD 3023.35 million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. India's rising disposable incomes, and increasing vehicle production.
• The South Korea Automotive Coolant Hose market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 2519.45 million in 2024.
• The Australia Automotive Coolant Hose market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 1310.12 million in 2024.
• The South East Asia Automotive Coolant Hose market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 1738.42 million in 2024.
• The Rest of Asia Pacific Automotive Coolant Hose market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 1788.81 million in 2024.

South America Automotive Coolant Hose

According to Cognitive Market Research, the global Automotive Coolant Hose market size was estimated at USD 109541.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 5477.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4%from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Automotive Coolant Hose market size was valued at USD 2344.19 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. Automotive Coolant Hose sales flourish in Brazil due to the economic development and urbanization.
• Argentina Automotive Coolant Hose market had a market share of USD 920.15 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Argentina's Economic development and urbanization.
• Colombia Automotive Coolant Hose market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 487.46 million in 2024.
• Peru Automotive Coolant Hose market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD 449.12 million in 2024.
• Chile Automotive Coolant Hose market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 394.35 million in 2024.
• The Rest of Latin America Automotive Coolant Hose market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 881.81 million in 2024.

Middle East and Africa Automotive Coolant Hose

According to Cognitive Market Research, the global Automotive Coolant Hose market size was estimated at USD 109541.5 Million, out of which the Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 2190.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7%from 2024 to 2031.

• The GCC Countries Automotive Coolant Hose market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD 937.68 million in 2024. Automotive Coolant Hose sales flourish due to the rising automotive sales and increasing investments in automotive infrastructure.
• The Egypt Automotive Coolant Hose market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 230.04 million in 2024.
• The South Africa Automotive Coolant Hose market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 346.15 million in 2024. Automotive Coolant Hose sales flourish in South Africa due to the rising automotive sales and increasing investments in automotive infrastructure.
• The Turkey Automotive Coolant Hose market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 188.41 million in 2024.
• The Nigeria Automotive Coolant Hose market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 230.04 million in 2024.
• The Rest of MEA Automotive Coolant Hose market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 258.52 million in 2024.

Automotive Coolant Hose Market Analysis

Automotive Coolant Hose Market Type Segment Analysis

According to Cognitive Market Research, the Molded Coolant Hose category stands out as the dominant segment within the Automotive Coolant Hose Market. Its widespread adoption can be attributed to its superior durability and precise fit, which are crucial for maintaining optimal engine performance and preventing leaks. Molded hoses are custom-designed to match the specific contours of an engine's cooling system, ensuring a seamless and secure connection. This customization reduces the risk of failure and extends the lifespan of the hose, making it a preferred choice for both manufacturers and consumers. The high reliability and effective cooling management offered by molded coolant hoses solidify their position as the market leader.

The Modular Radiator Hose segment is experiencing the fastest growth in the Automotive Coolant Hose Market. This rapid expansion is driven by the increasing demand for versatile and easily configurable cooling solutions in modern vehicles. Modular hoses allow for greater flexibility in design and installation, accommodating various vehicle types and configurations. Their ability to adapt to different engine designs and cooling requirements without the need for multiple specialized hoses enhances their appeal to automotive manufacturers seeking cost-effective and customizable solutions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Coolant Hose Industry. Request a Free Sample PDF!

Automotive Coolant Hose Market Sales type Segment Analysis

According to Cognitive Market Research, the OEM segment is the dominant category. This dominance stems from the strong preference of vehicle manufacturers for using OEM parts, which ensures high quality, reliability, and compatibility with vehicle specifications. OEM coolant hoses are engineered to meet exacting standards set by vehicle manufacturers, resulting in superior performance and longevity. The integration of these hoses into new vehicles ensures that they are built to last and provide optimal cooling efficiency. Consequently, the OEM segment's established reputation for quality and fit continues to drive its leadership in the market.

The Aftermarket segment is witnessing the fastest growth in the Automotive Coolant Hose Market. This surge is largely attributed to the increasing number of vehicle owners seeking cost-effective replacements and upgrades beyond the original equipment. Aftermarket hoses offer a broader range of options, including high-performance and custom-fit solutions, often at more competitive prices. The rising trend of DIY maintenance and repair among consumers also contributes to this growth, as aftermarket hoses provide an accessible alternative for vehicle upkeep and customization.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Coolant Hose Vehicle Type Segment Analysis

Vehicle Type Segment Analysis

According to Cognitive Market Research, the Passenger Cars segment is the dominant category. This dominance is primarily due to the sheer volume of passenger cars on the road compared to commercial vehicles. Passenger cars are equipped with a range of cooling systems that require regular maintenance and replacement of coolant hoses. The widespread use of these vehicles ensures a steady demand for automotive coolant hoses, making this segment the largest contributor to market revenue. Additionally, the focus on enhancing vehicle performance and longevity in the passenger car segment drives consistent demand for high-quality coolant hoses.

The Commercial Vehicles segment is emerging as the fastest-growing category in the Automotive Coolant Hose Market. This rapid growth is driven by the expansion of global trade and the increasing number of commercial vehicles used for logistics and transportation. As these vehicles are subjected to more demanding operating conditions and longer distances, the need for robust and reliable coolant hoses increases. Commercial vehicles often have more complex cooling systems, which require specialized hoses to ensure optimal performance and prevent overheating.

• Passenger Cars
• Commercial Vehicles

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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