The automotive sector is working on its toes to make better vehicles each passing day. There are a number of parts installed in a vehicle to ensure its proper functioning, and vehicle exhaust hose is one among them. Vehicle exhaust hoses are essential to protect a vehicle from harmful fumes that are likely to enter the passenger cabin in case of exhaust leakages. A vehicle exhaust hose throws out exhaust fumes and unsafe gases, such as CO and NOx from the vehicle, and also helps personnel in the automotive sector to work in a non-toxic environment.
Currently, the demand for vehicle exhaust hose is surging, as releasing exhaust from automobiles is greatly essential as it comprises extremely toxic carbon monoxide which is hazardous for humans. A vehicle exhaust hose is simple to install and offers a harmless method to eliminate exhaust gases. Its key purpose is to offer a dedicated path for channelling exhaust fumes to release into external environment from a vehicle in operation. It is available in an extensive array of diameters and temperatures, permitting automakers to find the ideal fit for any vehicle, such as buses, big trucks, sedans, minivans, and other automobiles.
Newest Insights in the Vehicle Exhaust Hose Market
As per a report by Research Dive, the global vehicle exhaust hose market is expected to grow from $525.4 million in 2021 to $760.6 million by 2030. The North America vehicle exhaust hose market is estimated to observe dominant and rapid growth in the years to come. This is because the region has an enormous demand for vehicle exhaust hoses owing to government’s stringent laws in the U.S. and Canada regarding environment safety from pollution. Several automotive industry players are using vehicle exhaust hoses at vehicle garages and repair workshops to shield the workers from dangerous and toxic engine exhaust fumes produced by burning fuel in a vehicle engine. Numerous leading industry players in this region are concentrating their efforts on launching novel vehicle exhaust hoses to fulfil the swelling demand, which is expected to contribute to the regional market growth in the coming years.
How are Market Players Responding to the Rising Demand for Vehicle Exhaust hoses?
Market players are greatly investing in research and development and innovative product launches to cater the rising demand for vehicle exhaust hoses. Some of the leading players of the vehicle exhaust hose market are KEMPER GmbH, Masterflex Group., Air Cleaning Specialists, Inc., BISCO Enterprise, Inc., Nederman Holding AB, Novaflex Group, Eurovac, Flexaust Inc., Precision Hose & Expansion Joints, Dayco Products, LLC, and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a foremost position in the global market.
- In July 2019, EuroVent Vehicle Exhaust Extraction, a brand by JohnDow, launched a heavy-duty motorized hose reel system. This product is intended for use in heavy equipment, marine applications, aircraft ventilation, diesel trucks, and municipal vehicles.
- In February 2021, JohnDow's EuroVent Vehicle Exhaust Extraction brand launched a novel 4”- 6” fixed motorized hose reel system. This newest system is intended for use in automotive vehicles, heavy equipment, diesel trucks, marine applications, aircraft ventilation, military vehicles, municipal vehicles, and others.
- In March 2022, Dayco, a foremost engine products and drive systems producer for the heavy-duty, automotive, and industrial verticals, joined hands with Nuvera Fuel Cells, LLC, a producer of heavy-duty, zero-emission fuel cell engines. This partnership is likely to merge the best capabilities of both companies to design and manufacture cutting-edge, completely integrated fuel cell systems for an extensive array of commercial automobiles, industrial, stationary, and mobile applications.
COVID-19 Impact on the Vehicle Exhaust Hose Market
The abrupt rise of the coronavirus pandemic in 2020 has deterred the growth of the global vehicle exhaust hose market. During the lockdown period, interruptions in the supply chains and closure of manufacturing of automobiles hindered the demand for vehicle exhaust hose significantly. All these factors deterred the vehicle exhaust hose market growth during the pandemic.
However, with the relaxation of the pandemic since the end of 2021, many vehicle exhaust hose making companies have resumed their normal functioning due to steep rise in the production of vehicles. As a result, the vehicle exhaust hose market is expected to witness marvellous growth in the upcoming years.