Vehicle Exhaust Hose Market Report
RA08352
Vehicle Exhaust Hose Market by Type (Single Layer, Double Layer, and Three Layer), End-use (Passenger Cars and Commercial Cars), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2030
Global Vehicle Exhaust Hose Market
The global vehicle exhaust hose market size was $525.4 million in 2021 and is predicted to grow with a CAGR of 4.0%, by generating a revenue of $760.6 million by 2030.
Global Vehicle Exhaust Hose Market Synopsis
Vehicle exhaust hose is a pipe which is used to eliminate harmful pollutants and fumes from vehicle’s engine. It is very important to release exhaust from automobile as it contains highly toxic carbon monoxide which is dangerous for human health. Exhaust hoses are simple to use and provide a safe way of eradicating exhaust gases. An exhaust hose's primary function is to provide a dedicated route for channeling exhaust fumes from a running vehicle to outside environment. Exhaust hoses come in a wide range of diameters and temperature specifications, allowing auto enthusiast to find the right fit for any vehicle, including big trucks, buses, minivans, sedans, and other vehicles.
Rising demand for electric vehicles (EVs) around the globe particularly in the U.S., Europe, China, and Japan is projected to hamper demand of vehicle exhaust hose. EVs are a better option than those vehicles working on fossil fuels, as electric vehicles do not emit any harmful gases. Furthermore, one of the biggest barriers for the global vehicle exhaust hose market is persistent economic recession in the automotive industry around the world.
Revenue growth of the vehicle exhaust hose market is expected to boost in the forecast time due to increased demand for more efficient fume extraction systems across the automobile repair shops. Moreover, innovation in the field of exhaust hose for protecting mechanics and workers from vehicle fume is anticipated to boost the vehicle exhaust hose demand. Removal of vehicle exhaust from the automotive workplace environment eliminates health risk that garage owners and employees may face. The primary benefit of modern innovative vehicle exhaust hose is that it focuses on removing hazardous fumes. Such factors are projected to boost the vehicle exhaust hose market growth.
According to regional analysis, North America vehicle exhaust hose market is expected to garner dominant share during the review period.
Vehicle Exhaust Hose Overview
The main purpose of an exhaust system is to direct reaction exhaust gases away from a controlled combustion within an engine. One of the most significant parts of a vehicle's exhaust removal system is the exhaust hose. As vehicular exhaust contains carbon monoxide, which is highly dangerous, a technique of eliminating it is required. Exhaust hoses are simple to use and provide a safe way of removing exhaust gases. Exhaust hose is practical in use, easy to attach, and removes emissions from vehicle with very less effort. There are various types of vehicle exhaust hoses available in market such as manual hose, motorized hose, exhaust extraction hose, and sliding suction rail hose.
COVID-19 Impact on Global Vehicle Exhaust Hose Market
The worldwide crisis brought by the COVID-19 pandemic slowed down growth of several sectors. The pandemic negatively impacted the vehicle exhaust hose market, owing to huge impact on the global economy, urging a stop to manufacturing, production, and other operations. Moreover, government norms regarding social distancing, lockdown limitations implementation, and temporary shutdown of industries resulted in slowdown across automobile production, which had a significant impact on the vehicle exhaust hose market. Furthermore, closed borders and ban on import-exports hampered the supply of raw materials that adversely impacted the vehicle exhaust hose market. In addition, sudden drop in demand for passenger and commercial vehicles due to the COVID-19 pandemic hampered revenue growth of the global vehicle exhaust hose market. Manufacturing facilities around the world shut down, resulting in a decline in sales of car exhaust hoses. Also, the epidemic has had a negative impact on lifestyle and employment of people, which resulted in reduced demand for vehicles. Individual buying decisions got influenced by factors such as household income, travel vulnerabilities, and epidemic severity in local areas.
To cope with declining business growth during the COVID-19 pandemic, governments of various countries across the globe have taken some initiatives to get the economy back on track. For instance, in November 2020, a $2.3 billion (€2 billion) bailout plan for the German car industry was unveiled by the Government of Germany. Furthermore, certain vehicle exhaust manufacturers, such as Nederman Holding AB, continue to invest in R&D. These factors are projected to have a bright future for the global vehicle exhaust hose market.
Rising Demand for Adequate Fume Extraction Systems Across the Automobile Garages is Expected to Increase Demand for Vehicle Exhaust Hose
Factors such as rising demand for effective and efficient fume extraction system from automobiles garages are driving expansion of the vehicle exhaust hose market. The engine combustion process in diesel vehicles produces a mixture of harmful gases and particulates. Working near these exhaust fumes exposes to hazardous carbon monoxide (CO) gas which is found in high concentrations in automobile exhaust emissions. This odorless and colorless gas can cause death if you inhale in too much. Diesel exhaust is a 'potential occupational carcinogen,' according to the U.S. National Institute for Occupational Safety and Health (NIOSH), which is part of the CDC (Centers for Disease Control and Prevention). Diesel engine exhaust is also one of the carcinogenic elements for humans, according to a study conducted by the International Agency for Research on Cancer (IARC), which may raise the risk of lung cancer. As a result, vehicle exhaust hose systems play a major role in preventing infections and ensuring a healthy working environment. To protect mechanics working in automobiles repair shops from hazardous exhaust fumes, automobile garages or repair centers are now focusing on providing a safe and healthy environment to their workers by installing exhaust systems, which is anticipated to drive the vehicle exhaust hose market growth.
Increasing Demand for Electric Vehicles Along with Economic Slowdown Predicted to Restrain Vehicle Exhaust Hose Market
The vehicles exhaust hose market is facing a decline due to rise in demand for EVs around the globe. People are preferring electric vehicles as they are environment friendly, need lower maintenance, and subsidies are being offered by various governments. This factor is going to hamper revenue growth of vehicle exhaust hose market. Moreover, the global automobile market is going through slowdown owing to rising prices of fuels, such petrol and diesel. Moreover, India agreed at COP21 to cut its carbon footprint by 33-35% below 2005 levels by 2030. In addition, India established a national goal of 30% EV market penetration by 2030, and launched the National Mission on Transformative Battery Storage and Mobility to encourage EV component manufacturing to be done locally. These factors are anticipated to hamper the overall revenue growth of global vehicle exhaust hose market.
Novel Product Innovations are Estimated to Generate Lucrative Opportunities for the Global Vehicle Exhaust Hose Market in the Coming Years
The most efficient way to manage the dangers of car exhaust fumes is to collect them at the source. Eradicating car exhaust not only creates a more pleasant working atmosphere, but it also significantly safeguards employee health and safety. Hence, notable companies working in vehicle exhaust nose market are concentrating on innovation and R&D of new efficient products. For example, in April 2019, EuroVent, a division of John Dow Industries, announced launch of the 'CAR-8HD', a new 'heavy-duty motorized hose reel system.' Aircraft ventilation, diesel trucks, military vehicles, and heavy equipment all benefit from this innovative exhaust extractor pipe. Furthermore, this technology aids in reduction of energy usage while ensuring removal of dangerous gases. Increasing number of new product launches by key market competitors, as well as strategic collaborations, is expected to drive the global vehicle exhaust hose market trends over the forecast period.
Global Vehicle Exhaust Hose Market, by Type
Based on type, the market has been classified into single level, double level, and three level. Among these, the single level sub-segment accounted for highest market share in 2021 and it is estimated to show the fastest growth during the forecast period.
Global Vehicle Exhaust Hose Market Share, by Type, 2021
Source: Research Dive Analysis
The single layer sub-type is anticipated to have a dominant market share and generate a revenue of $389.4 million by 2030, growing from $262.5 million in 2021. Revenue growth of single layer exhaust hose market is due to its important characteristics such as robustness, strong flexibility, and compressibility rate. Furthermore, single layer exhaust pipes are typically made of silicone-coated fiberglass, which is highly resistant to alkali, fungi, water, and other chemicals. Single layer exhaust hose is suitable for automobile garages as it provides resistance against oil, solvents, grease, and high temperature. Furthermore, presence of important players such as Masterflex Group, Eurovac, and BISCO Enterprise, Inc., as well as their innovative offerings across the globe, is expected to boost the sub-segment revenue growth during the projection period. For example, BISCO Enterprise, Inc., a leading provider of air cleaning and dust collection devices, offers single layer hoses made of flame retardant materials that are excellent for low-medium temperature fume management applications. Furthermore, these hoses are made of fabric, steel wire, and metal strips, which give excellent abrasion resistance on the outer side.
Global Vehicle Exhaust Hose Market, by End-use
Based on end-use, the market has been divided into passenger cars and commercial cars. Among these, commercial cars sub-segment accounted for the highest global vehicle exhaust hose market share in 2021 and it is estimated to show the fastest growth during the forecast period.
Global Vehicle Exhaust Hose Market Share, by End-use, 2021
Source: Research Dive Analysis
The commercial cars sub-segment is anticipated to have a dominant market share and generate a revenue of $459.4 million by 2030, growing from $311.5 million in 2021. Revenue growth of commercial cars sub-segment is increasing mainly due to rapid urbanization and industrialization associated with expansion of commercial operations in logistics and globalization of economies. Commercial vehicles mainly consist of heavy commercial vehicles, light commercial vehicles, buses, coaches, and others. E-commerce is emerging as a major sector in countries such as India, China, Brazil, and Taiwan, which is going to emerge as largest sector for commercial vehicles. As a result, demand for sufficient vehicle exhaust extraction systems is projected to grow exponentially during the projection period, driving the sub-segment revenue growth.
Global Vehicle Exhaust Hose Market, Regional Insights
The vehicle exhaust hose market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Global Vehicle Exhaust Hose Market Size & Forecast, By Region, 2021-2030 (USD Million)
Source: Research Dive Analysis
Global Vehicle Exhaust Hose Market in North America is Expected to be the Most Dominant
The North America vehicle exhaust hose market accounted $152.7 million in 2021 and is projected to grow with a CAGR of 3.3%. Countries in North America, such as the U.S. and Canada, have enacted strict emission regulations in order to safeguard the environment and prohibit large-scale emissions of harmful gases such as CO2. Due to stringent law enforced by government of the U.S. and Canada, they have planned to use vehicle exhaust hose system at automobile garages and repair shops to protect the employees working in those shops from harmful and toxic vehicle engine exhaust fumes caused by burning fuel in vehicle engine. The major players in market are now focusing more on R&D investment and business collaboration. For instance, Plymovent, is a company working on providing designs and solutions for automotive garages regarding exhaust hose systems in North America. Such factors are anticipated to drive the global vehicle exhaust hose market value growth during the forecast period.
Competitive Scenario in the Global Vehicle Exhaust Hose Market
The major players in market are now focusing more on R&D, investment, and business collaboration. For instance, Plymovent, is a company working on providing design and solutions for automotive garages regarding exhaust hose system in North America.
Source: Research Dive Analysis
Some of the leading vehicle exhaust hose market players are Masterflex Group., Air Cleaning Specialists, Inc., Nederman Holding AB, Novaflex Group, Eurovac, Flexaust Inc., Precision Hose & Expansion Joints, BISCO Enterprise, Inc., Dayco Products, LLC, and KEMPER GmbH.
Aspect | Particulars |
Historical Market Estimations | 2020 |
Base Year for Market Estimation | 2021 |
Forecast Timeline for Market Projection | 2021-2030 |
Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
Segmentation by Type |
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Segmentation by End-use |
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Key Companies Profiled |
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Q1. What is the size of the global vehicle exhaust hose market?
A. The size of the global vehicle exhaust hose market was $525.4 million in 2021, and is projected to reach $760.6 million by 2030.
Q2. Which are the major companies in the vehicle exhaust hose market?
A. Masterflex Group., Air Cleaning Specialists, Inc., and Nederman Holding AB are some of the key players in the global vehicle exhaust hose market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What will be the growth rate of the Asia-Pacific vehicle exhaust hose market?
A. Asia-Pacific vehicle exhaust hose market value is anticipated to grow at CAGR of 4.6% during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Investments and business expansions are two key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. Nova flex Group and Eurovac companies are investing more on R&D activities for developing new products and technologies.
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global vehicle exhaust hose market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on global vehicle exhaust hose market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Vehicle Exhaust Hose Market, by Type
5.1.Overview
5.1.1.Market size and forecast, by type
5.2.Single Layer
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region,2021-2030
5.2.3.Market share analysis, by country,2021-2030
5.3.Double Layer
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region,2021-2030
5.3.3.Market share analysis, by country ,2021-2030
5.4.Three Layer
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region,2021-2030
5.4.3.Market share analysis, by country,2021-2030
5.5.Research Dive Exclusive Insights
5.5.1.Market attractiveness
5.5.2.Competition heatmap
6.Vehicle Exhaust Hose Market, by End-use
6.1.Overview
6.1.1.Market size and forecast, by end-use
6.2.Passenger Vehicles
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region,2021-2030
6.2.3.Market share analysis, by country ,2021-2030
6.3.Commercial Vehicles
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region,2021-2030
6.3.3.Market share analysis, by country,2021-2030
6.4.Research Dive Exclusive Insights
6.4.1.Market attractiveness
6.4.2.Competition heatmap
7.Vehicle Exhaust Hose Market, by Region
7.1.North America
7.1.1.U.S.
7.1.1.1.Market size analysis, by Type,2021-2030
7.1.1.2.Market size analysis, by End-use,2021-2030
7.1.2.Canada
7.1.2.1.Market size analysis, by Type,2021-2030
7.1.2.2.Market size analysis, by End-use,2021-2030
7.1.3.Mexico
7.1.3.1.Market size analysis, by Type,2021-2030
7.1.3.2.Market size analysis, by End-use,2021-2030
7.1.4.Research Dive Exclusive Insights
7.1.4.1.Market attractiveness
7.1.4.2.Competition heatmap
7.2.Europe
7.2.1.Germany
7.2.1.1.Market size analysis, by Type,2021-2030
7.2.1.2.Market size analysis, by End-use,2021-2030
7.2.2.UK
7.2.2.1.Market size analysis, by Type ,2021-2030
7.2.2.2.Market size analysis, by End-use ,2021-2030
7.2.3.France
7.2.3.1.Market size analysis, by Type,2021-2030
7.2.3.2.Market size analysis, by End-use,2021-2030
7.2.4.Spain
7.2.4.1.Market size analysis, by Type,2021-2030
7.2.4.2.Market size analysis, by End-use,2021-2030
7.2.5.Italy
7.2.5.1.Market size analysis, by Type,2021-2030
7.2.5.2.Market size analysis, by End-use,2021-2030
7.2.6.Rest of Europe
7.2.6.1.Market size analysis, by Type,2021-2030
7.2.6.2.Market size analysis, by End-use,2021-2030
7.2.7.Research Dive Exclusive Insights
7.2.7.1.Market attractiveness
7.2.7.2.Competition heatmap
7.3.Asia-Pacific
7.3.1.China
7.3.1.1.Market size analysis, by Type,2021-2030
7.3.1.2.Market size analysis, by End-use,2021-2030
7.3.2.Japan
7.3.2.1.Market size analysis, by Type ,2021-2030
7.3.2.2.Market size analysis, by End-use ,2021-2030
7.3.3.India
7.3.3.1.Market size analysis, by Type,2021-2030
7.3.3.2.Market size analysis, by End-use,2021-2030
7.3.4.Australia
7.3.4.1.Market size analysis, by Type,2021-2030
7.3.4.2.Market size analysis, by End-use,2021-2030
7.3.5.South Korea
7.3.5.1.Market size analysis, by Type,2021-2030
7.3.5.2.Market size analysis, by End-use,2021-2030
7.3.6.Rest of Asia-Pacific
7.3.6.1.Market size analysis, by Type,2021-2030
7.3.6.2.Market size analysis, by End-use,2021-2030
7.3.7.Research Dive Exclusive Insights
7.3.7.1.Market attractiveness
7.3.7.2.Competition heatmap
7.4.LAMEA
7.4.1.Brazil
7.4.1.1.Market size analysis, by Type,2021-2030
7.4.1.2.Market size analysis, by End-use,2021-2030
7.4.2.Saudi Arabia
7.4.2.1.Market size analysis, by Type,2021-2030
7.4.2.2.Market size analysis, by End-use,2021-2030
7.4.3.UAE
7.4.3.1.Market size analysis, by Type,2021-2030
7.4.3.2.Market size analysis, by End-use,2021-2030
7.4.4.South Africa
7.4.4.1.Market size analysis, by Type,2021-2030
7.4.4.2.Market size analysis, by End-use,2021-2030
7.4.5.Rest of LAMEA
7.4.5.1.Market size analysis, by Type,2021-2030
7.4.5.2.Market size analysis, by End-use,2021-2030
7.4.6.Research Dive Exclusive Insights
7.4.6.1.Market attractiveness
7.4.6.2.Competition heatmap
8.Competitive Landscape
8.1.Top winning strategies, 2021
8.1.1.By strategy
8.1.2.By year
8.2.Strategic overview
8.3.Market share analysis, 2021
9.Company Profiles
9.1.Masterflex Group.
9.1.1.Overview
9.1.2.Business segments
9.1.3.Type portfolio
9.1.4.Financial performance
9.1.5.Recent developments
9.1.6.SWOT analysis
9.2.Air Cleaning Specialists
9.2.1.Overview
9.2.2.Business segments
9.2.3.Type portfolio
9.2.4.Financial performance
9.2.5.Recent developments
9.2.6.SWOT analysis
9.3.Nederman Holding AB
9.3.1.Overview
9.3.2.Business segments
9.3.3.Type portfolio
9.3.4.Financial performance
9.3.5.Recent developments
9.3.6.SWOT analysis
9.4.Novaflex Group
9.4.1.Overview
9.4.2.Business segments
9.4.3.Type portfolio
9.4.4.Financial performance
9.4.5.Recent developments
9.4.6.SWOT analysis
9.5.Eurovac, Flexaust Inc.
9.5.1.Overview
9.5.2.Business segments
9.5.3.Type portfolio
9.5.4.Financial performance
9.5.5.Recent developments
9.5.6.SWOT analysis
9.6.Precision Hose & Expansion Joints
9.6.1.Overview
9.6.2.Business segments
9.6.3.Type portfolio
9.6.4.Financial performance
9.6.5.Recent developments
9.6.6.SWOT analysis
9.7.BISCO Enterprise Inc.,
9.7.1.Overview
9.7.2.Business segments
9.7.3.Type portfolio
9.7.4.Financial performance
9.7.5.Recent developments
9.7.6.SWOT analysis
9.8.Dayco Products
9.8.1.Overview
9.8.2.Business segments
9.8.3.Type portfolio
9.8.4.Financial performance
9.8.5.Recent developments
9.8.6.SWOT analysis
9.9.LLC
9.9.1.Overview
9.9.2.Business segments
9.9.3.Type portfolio
9.9.4.Financial performance
9.9.5.Recent developments
9.9.6.SWOT analysis
9.10.KEMPER GmbH
9.10.1.Overview
9.10.2.Business segments
9.10.3.Type portfolio
9.10.4.Financial performance
9.10.5.Recent developments
9.10.6.SWOT analysis
10.Appendix
10.1.Parent & peer market analysis
10.2.Premium insights from industry experts
10.3.Related reports
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.
For instance,
- 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.
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