Europe Vehicle Exhaust Hose Market Size, Share & Industry Trends Analysis Report By End-Use (Commercial Cars and Passenger Cars), By Type (Single layer, Double layer, and Three layer), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Vehicle Exhaust Hose Market would witness market growth of 4.1% CAGR during the forecast period (2022-2028).
Utilizing the right exhaust pipe helps keep costs down by preventing safety risks, hose failure, and production loss. For car exhaust removal systems, the vehicle exhaust hose provides a variety of high-temperature or silicone exhaust pipes. Primary factors include rising disposable income and an expanding middle-class population is anticipated to drive sales of passenger cars and commercial trucks, driving the market for vehicle exhaust hoses. Workers exposed to engine fumes on a regular basis may develop major health concerns, such as irritation of the eyes, throat, lungs, and breathing organs.
Carbon monoxide, which replaces oxygen in the blood and is toxic to human health, is a primary byproduct of motor vehicle engines. The risk of cancer is also increased by these dangerous vehicle exhaust gases in auto garages and maintenance facilities. As a result, the demand for car exhaust hoses may increase throughout the forecast period. Automobile workshops and garages are under increasing pressure to create a safe and healthy working environment. Revenue growth in the vehicle exhaust hose market is anticipated to be fueled by rising demand from auto repair shops and effective fume extraction systems in cars.
With a GDP of €3025 billion in 2015, Germany has the largest economy both inside the EU as well as globally. Germany's economy is also bolstering in past few years. 2015 witnessed a 1.7% in the German economy, compared to a 1.6% in 2014. It is anticipated that this promising development would continue in 2016. According to the Consulate General of Munich, the German economy was estimated to expand by 1.8% and 1.7% in 2017. The labor market is still developing well. With 43 million individuals employed overall in 2015, a new employment record was set for the eighth consecutive year.
The Germany market dominated the Europe Vehicle Exhaust Hose Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $42.7 million by 2028. The UK market is anticipated to grow at a CAGR of 3.2% during (2022 - 2028). Additionally, The France market would display a CAGR of 4.9% during (2022 - 2028).
Based on End-Use, the market is segmented into Commercial Cars and Passenger Cars. Based on Type, the market is segmented into Single layer, Double layer, and Three layer. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Vehicle Exhaust Hose Market will Hit $622.4 Million by 2028, at a CAGR of 4.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nederman Holding AB, Masterflex SE (Avantor, Inc.), Air Cleaning Specialists, Inc., Novaflex Group, Flexaust Inc. (Schauenburg Hose Technology Group), Eurovac (Clean Air Technologies Inc.), Precision Hose & Expansion Joints, BISCO Enterprise, Inc., and Dayco LLC.
Scope of the Study
Market Segments Covered in the Report:
- Commercial Cars
- Passenger Cars
- Single layer
- Double layer
- Three layer
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Nederman Holding AB
- Masterflex SE (Avantor, Inc.)
- Air Cleaning Specialists, Inc.
- Novaflex Group
- Flexaust Inc. (Schauenburg Hose Technology Group)
- Eurovac (Clean Air Technologies Inc.)
- Precision Hose & Expansion Joints
- BISCO Enterprise, Inc.
- Dayco LLC
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