North America Aramid Fiber Market for Automotive Hoses Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Para-Aramid Fiber and Meta Aramid Fiber)
Market Introduction
The North America aramid fiber market for automotive hoses is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The automotive industry uses a different type of materials such as iron, aluminum, plastic, steel, and glass to build cars and other vehicles. Aramid fibers are extensively used as a substitute for fiber glass and steel due to their lightweight, high tensile strength, and superior corrosion resistance in automotive hoses manufacturing. Manufacturers in the automotive industry are constantly looking to stay competitive by bringing innovative products to market. Safety aspects, excellent performance, and the need for sustainability, pressure the automotive industry to develop high-quality products. Today, automotive hoses have to perform well despite increasingly difficult conditions. For example, under-hood hose systems must withstand increasingly harsh operating conditions. Consequently, the hose reinforcing yarns must have superior strength, as well as chemical, thermal, and dimensional stability. Therefore, aramid fibers are widely used in the automotive sector, as they help improve the safety, performance, and durability of automotive components, including automotive hoses and automotive belts, for a variety of vehicles. In addition, using aramid fiber gives various benefits such as extended product lifetime, improved product performance, and others.
Due to COVID-19 outbreak, supply chains, manufacturing processes, and research and development activities in the automotive industry are adversely affected. For instance, the car industry in the US remained vulnerable during the outbreak pandemic. Vehicle sales fell over 20% year-on-year in August, hitting 1.33 thousand vehicles. Total sales from January to August 2020 were roughly 8.8 thousand units, a 23% decrease compared to last year. However, with the opening of several growth markets, vaccination developments, and initiatives taken by various governments to support economic and industrial growth in North America, the demand for the aramid fiber is anticipated to grow at a steady pace in the coming years.
Get more information on this report : 
Market Overview and Dynamics
The aramid fiber market for automotive hoses in North America is expected to grow from US$ 30,370.48 thousand in 2021 to US$ 49,265.28 thousand by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. Electric vehicles require different kinds of hoses and fluid transmission assemblies than traditional internal combustion engine vehicles. Large battery electric vehicles generate a lot of heat, and many manufacturers use composite tubes to enclose the batteries and prevent their heat management. Electric vehicles tubes are typically much longer and narrower than traditional automotive tubes and electric vehicles also require many of the same hoses, pipe fittings, and assemblies as traditional vehicles, such as the air conditioning and brake lines. They also require special considerations to ensure appropriate performance in the operation of an electric vehicle. For instance, air conditioning hose assemblies can also be used in electric vehicles to carry refrigerant and lubricant between the components of the electric vehicle. These systems typically utilize both a pressure and return line. Further, increasing adoption of aramid fiber in electric vehicles, owing to several requirements by the automotive companies, such as replacing conventional substrates materials with synthetic substrates and increasing focus on environmental concerns. Aramid fibers are known for their temperature resistance, strength, reinforcement, and other properties that can help improve filters, belts, gaskets, and other automotive components. Thus, the rising adoption of electric vehicles is expected to provide lucrative opportunities for automotive hoses manufacturers in the market.
Key Market Segments
Based on type, the para-aramid fiber segment accounted for the largest share of the North America aramid fiber market for automotive hoses in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America aramid fiber market for automotive hoses are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include DuPont de Nemours, Inc.; Teijin Limited; Aramid Hpm, LLC; Continental AG; Kolon Industries Inc.; YOKOHAMA RUBBER CO., LTD.; Beaver Manufacturing Company; Artel Rubber Company; Gates Corporation; Norres and Huvis Corp..
Reasons to buy report
- To understand the North America aramid fiber market for automotive hoses landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America aramid fiber market for automotive hoses
- Efficiently plan M&A and partnership deals in North America aramid fiber market for automotive hoses by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America aramid fiber market for automotive hoses
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Aramid Fiber Market for Automotive Hoses Segmentation
North America Aramid Fiber Market for Automotive Hoses – By Type- Para-Aramid Fiber
- Meta Aramid Fiber
North America Aramid Fiber Market for Automotive Hoses – By Country
- US
- Canada
- Mexico
North America Aramid Fiber Market for Automotive Hoses – Company Profiles
- DuPont de Nemours, Inc.
- Teijin Limited
- Aramid Hpm, LLC
- Continental AG
- Kolon Industries Inc.
- YOKOHAMA RUBBER CO., LTD.
- Beaver Manufacturing Company
- Artel Rubber Company
- Gates Corporation
- Norres
- Huvis Corp.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. North America Aramid Fiber Market for Automotive Hoses Landscape
4.1 Market Overview
4.2 Value Chain Analysis
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of Substitutes
4.3.4 Threat of New Entrants
4.3.5 Intensity of Competitive Rivalry
4.4 Expert Opinion
4.5 Qualitative Analysis on Vehicle Electrification
5. Aramid Fiber Market for Automotive Hoses – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand from Automotive Industry
5.1.2 Phenomenal Characteristics of Aramid Fibers
5.2 Market Restraints
5.2.1 Availability of Direct Substitute and High Manufacturing Cost
5.3 Market Opportunities
5.3.1 Increasing Adoption of Aramid Hoses in Electric Vehicles Production
5.4 Future Trends
5.4.1 Rising Need for Lightweight Materials Offering Significant Emission Reduction in Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Aramid Fiber Market for Automotive Hoses – North America Analysis
6.1 North America Market Overview
6.2 Aramid Fiber Market for Automotive Hoses –Revenue and Forecast To 2028 (US$ Thousand)
7. North America Aramid Fiber Market for Automotive Hoses Analysis – By Type
7.1 Overview
7.2 Aramid Fiber Market for Automotive Hoses, By Type (2020 and 2028)
7.3 Para-Aramid Fiber
7.3.1 Overview
7.3.2 Para-Aramid Fiber: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Meta-Aramid Fiber
7.4.1 Overview
7.4.2 Meta-Aramid Fiber: Aramid Fiber for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand)
8. North America Aramid Fiber Market for Automotive Hoses– Country Analysis
8.1 North America: Aramid Fiber Market for Automotive Hoses
8.1.1 North America: Aramid Fiber Market for Automotive Hoses, by Key Country
8.1.1.1 US: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.1.1 US: Aramid Fiber Market for Automotive Hoses, by Type
8.1.1.2 Canada: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.2.1 Canada: Aramid Fiber Market for Automotive Hoses, by Type
8.1.1.3 Mexico: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.3.1 Mexico: Aramid Fiber Market for Automotive Hoses, by Type
9. Impact of COVID-19 Pandemic on North America Aramid Fiber for Automotive Hoses Overview
9.1 North America: Impact Assessment of COVID-19 Pandemic
10. Company Profiles
10.1 DuPont de Nemours, Inc.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Teijin Limited
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Aramid Hpm, LLC
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Continental AG
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Kolon Industries Inc.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 YOKOHAMA RUBBER CO., LTD
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Beaver Manufacturing Company
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Artel Rubber Company
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Gates Corporation
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Norres
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
10.11 Huvis Corp.
10.11.1 Key Facts
10.11.2 Business Description
10.11.3 Products and Services
10.11.4 Financial Overview
10.11.5 SWOT Analysis
10.11.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. North America: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast To 2028 (US$ Thousand)
Table 2. US Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 3. Canada: Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 4. Mexico Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 5. Glossary of Terms, North America Aramid Fiber Market for Automotive Hoses
LIST OF FIGURES
Figure 1. North America Aramid Fiber Market for Automotive Hoses Segmentation
Figure 2. North America Aramid Fiber Market for Automotive Hoses – By Country
Figure 3. North America Aramid Fiber Market for Automotive Hoses Overview
Figure 4. Para-Aramid Fiber Segment Held Largest Share of North America Aramid Fiber Market for Automotive Hoses
Figure 5. US Held Largest Share of North America Aramid Fiber Market for Automotive Hoses
Figure 6. North America Aramid Fiber Market for Automotive Hoses, Key Market Players
Figure 7. Aramid Fiber Market for Automotive Hoses, Value Chain Analysis
Figure 8. Porter’s Five Forces Analysis
Figure 9. Expert Opinion
Figure 10. North America Aramid Fiber Market for Automotive Hoses Impact Analysis of Drivers and Restraints
Figure 11. North America: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand)
Figure 12. Aramid Fiber Market for Automotive Hoses Revenue Share, By Type (2020 and 2028)
Figure 13. Para-Aramid Fiber: Aramid Fiber for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand)
Figure 14. Meta-Aramid Fiber: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand)
Figure 15. North America: Aramid Fiber Market for Automotive Hoses Market, by Key Country – Revenue (2020) (USD Thousand)
Figure 16. North America: Aramid Fiber Market for Automotive Hoses Revenue Share, by Key Country (2020 and 2028)
Figure 17. US: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. Canada: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. Mexico: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Impact of COVID-19 Pandemic in North American Country Markets
- DuPont de Nemours, Inc.
- Teijin Limited
- Aramid Hpm, LLC
- Continental AG
- Kolon Industries Inc.
- YOKOHAMA RUBBER CO., LTD.
- Beaver Manufacturing Company
- Artel Rubber Company
- Gates Corporation
- Norres
- Huvis Corp.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America aramid fiber market for automotive hoses.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America aramid fiber market for automotive hoses, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America aramid fiber market for automotive hoses, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution