Automotive Belts and Hoses Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Vehicle Type (Passenger Cars, Commercial Vehicle), Belt Type (Drive Belts, Timing Belts), By Hose Type (Fuel Delivery System Hoses, Braking System Hoses, Power Steering System Hoses, Heating and Cooling System Hoses, and Turbocharger Hoses), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 13.79 Billion
CAGR (2026-2031)	6.82%
Fastest Growing Segment	Drive Belts
Largest Market	Asia Pacific
Market Size (2031)	USD 20.49 Billion

Market Overview

The Global Automotive Belts and Hoses Market will grow from USD 13.79 Billion in 2025 to USD 20.49 Billion by 2031 at a 6.82% CAGR. Automotive belts and hoses are essential components designed for power transmission and fluid transfer within vehicle engines and auxiliary systems. The market is primarily driven by the consistent demand for replacement parts arising from an aging global fleet and the continuous expansion of automotive manufacturing in emerging economies. According to the Society of Indian Automobile Manufacturers, in November 2025, total vehicle production reached approximately 2.94 million units. This robust manufacturing activity sustains the requirement for original equipment components, while stricter emission regulations further necessitate complex cooling and exhaust systems that rely on these products.

A significant challenge impeding market expansion is the accelerating transition toward electric vehicles. Electric powertrains contain significantly fewer moving parts than internal combustion engines and do not require timing belts or extensive exhaust hose systems. This structural shift in vehicle design directly reduces the volume of belts and hoses per unit, creating a long term threat to established revenue streams for component manufacturers dependent on traditional engine technologies.

Key Market Drivers

Rising global automotive production and vehicle fleet size serve as the foundational catalysts for the market, driving substantial volume requirements for original equipment belts and hoses. As manufacturing output scales to meet recovering consumer demand, the intake of timing belts, auxiliary drive systems, and coolant hoses increases proportionately. This trajectory is particularly evident in major industrial hubs where production volumes are surging. According to the China Association of Automobile Manufacturers, November 2025, in the 'China's auto vehicle sales up 12.4 percent in January-October 2025' report, total vehicle production in China reached 27.69 million units during the first ten months of the year. While electrification is progressing, the sustained manufacturing of internal combustion engine vehicles, especially in the commercial sector, ensures continued reliance on traditional power transmission and fluid transfer components. According to the European Automobile Manufacturers' Association, October 2025, in the 'New commercial vehicle registrations' release, diesel trucks retained a dominant 93.5% market share of new EU registrations in the first three quarters of 2025, reinforcing the critical need for durable thermal management products in heavy-duty fleets.

Expansion of aftermarket demand due to aging vehicle populations further solidifies market revenue, acting as a crucial buffer against new vehicle sales volatility. As vehicles remain in service for longer periods, the inevitable wear on rubber components necessitates regular replacement, creating a recurring revenue stream for suppliers with established distribution networks. This trend is amplifying the financial performance of major component manufacturers who service the replacement channel. According to Gates Industrial Corporation, October 2025, in the 'Third-Quarter 2025 Results', the company reported net sales of $855.7 million, a figure supported significantly by solid growth in their automotive replacement business. This data underscores how the maintenance requirements of an aging global fleet continue to drive consistent value and offset softer demand in original equipment segments.

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Key Market Challenges

The accelerating transition toward electric vehicles constitutes a substantial impediment to the growth of the Global Automotive Belts and Hoses Market. Unlike traditional internal combustion engines, which rely heavily on timing belts, accessory drive belts, and extensive hose networks for cooling and exhaust systems, electric powertrains possess significantly fewer moving parts. This fundamental shift in vehicle architecture drastically reduces the number of belts and hoses required per unit. Consequently, component manufacturers face a direct decline in volume demand for these specific parts, threatening established revenue streams that depend on the production of gasoline and diesel engines.

This market contraction is evidenced by the rapid adoption rates of non-traditional vehicles in major automotive hubs, which directly correlates to a reduced dependency on conventional engine components. According to the China Passenger Car Association, in 2025, cumulative wholesale sales of new energy passenger vehicles reached 15.33 million units. This surge in electric mobility signals a permanent structural change rather than a temporary fluctuation. As automakers increasingly prioritize electric platforms, the addressable market for traditional power transmission belts and fuel handling hoses inevitably shrinks, creating a sustained barrier to expansion for legacy component suppliers.

Key Market Trends

The rapid electrification of the global fleet is driving the Development of Specialized Battery Thermal Management Hoses, as electric vehicles require complex cooling circuits significantly different from internal combustion engines. These systems must precisely regulate battery and power electronics temperatures, necessitating advanced, low-conductivity thermoplastic hoses that reduce weight and prevent electrical arcing. This structural shift creates high-value opportunities for suppliers engineering integrated fluid transfer solutions for electric platforms, counteracting volume declines in traditional powertrain components. According to Cooper Standard, November 2025, in the 'Third Quarter 2025 Results', the company secured $228.5 million in net new business awards during the first nine months of the year, a performance largely driven by contracts for battery-electric and hybrid thermal management systems.

Concurrently, there is a marked Transition Toward Bio-Based and Eco-Friendly Elastomers, spurred by sustainability mandates and the industry’s push for carbon neutrality. Manufacturers are replacing petroleum-based rubbers with materials derived from renewable sources or recycled content to lower the environmental footprint of components without compromising durability. This trend extends to manufacturing processes, where circular economy principles are increasingly adopted to minimize industrial waste. According to Gates Corporation, August 2025, in the '2024 Corporate Sustainability Report', the company advanced its environmental stewardship by diverting 100% of rubber waste from landfills at 21 facilities and successfully remanufacturing 32% of its rubber scrap, reflecting the sector's intensified focus on sustainable production cycles.

Segmental Insights

The Drive Belts segment is currently positioning itself as the fastest-growing category within the Global Automotive Belts and Hoses Market due to the intensifying industry focus on fuel efficiency and emission reduction. Automotive manufacturers are increasingly integrating advanced accessory drive systems to comply with rigorous environmental standards enforced by regulatory bodies such as the United States Environmental Protection Agency. This regulatory pressure necessitates the adoption of durable high-performance belts that minimize engine friction and support complex hybrid powertrains. Consequently, the essential role of these components in optimizing vehicle energy management is significantly accelerating the expansion of the segment globally.

Regional Insights

The Asia Pacific region dominates the Global Automotive Belts and Hoses Market, primarily due to its status as the world's largest automotive manufacturing hub. High vehicle production rates in China, India, and Japan drive consistent demand for original equipment components. Additionally, the enforcement of stringent emission regulations, such as China VI and Bharat Stage VI, necessitates the adoption of advanced, heat-resistant belts and hoses compatible with modern turbocharged engines. The region’s expanding vehicle fleet further stimulates the aftermarket sector, ensuring sustained demand for replacement parts. These factors collectively underpin Asia Pacific’s market leadership.

Recent Developments

• In November 2024, Cooper Standard was recognized for a breakthrough in fluid handling technology when its plastic coolant hub received a prestigious automotive innovation award in the powertrain category. The company developed this centralized plastic manifold to replace complex traditional systems comprised of multiple discrete hoses, tubes, and connectors. By integrating these components into a single sophisticated unit, the innovation offered significant weight reduction and improved vehicle packaging space. This development addressed the evolving thermal management needs of modern vehicles, including electric and hybrid models, by enhancing system efficiency and simplifying assembly.
• In September 2024, Continental AG unveiled the CONTI NXT, a new sustainable Multi V-belt for the automotive aftermarket, during the Automechanika trade fair in Frankfurt. This innovative product was distinguished as the first of its kind to be manufactured with a high proportion of renewable and recycled materials, including tension cords made from recycled PET bottles and a textile cover layer composed of organic fibers. The launch demonstrated the company's breakthrough in materials science, managing to reduce the carbon footprint of drive belts without compromising on performance or durability for vehicle auxiliary units.
• In July 2024, Sumitomo Riko Co. revealed that it had begun mass-producing advanced components aimed at hydrogen-powered vehicles, specifically for small fuel cell trucks. Under a partnership with the automotive alliance Commercial Japan Partnership Technologies, the company developed and supplied critical products such as hydrogen hoses and anti-vibration rubber mounts. The newly developed hydrogen hoses were engineered to meet rigorous sealing and containment requirements for hydrogen molecules, ensuring the safe transport of fuel from the tank to the fuel cell stack. This development highlighted the company's commitment to supporting carbon-neutral transportation solutions.
• In March 2024, Dayco announced the commencement of full-scale belt production at its new manufacturing facility in San Luis Potosí, Mexico. The state-of-the-art plant was established to produce original equipment quality drive belts for the automotive and industrial sectors, significantly expanding the company's presence in North America. This strategic launch aimed to serve global customers more efficiently by leveraging the facility's high-tech machinery, which is capable of producing millions of Poly-V belts annually. The site also possesses the capability to manufacture timing belts, positioning the company to meet growing demand in the region.

Key Market Players

• Sumitomo Riko Co. Ltd
• Toyoda Gosei Co. Ltd
• Continental AG
• Goodyear Tire & Rubber Co.
• Dayco IP Holdings LLC
• Yokohama Rubber Co., Ltd.
• Schaeffler AG
• Nichirin Co., Ltd.
• Hutchinson SA

By Hose Type	By Region
Fuel Delivery System Hoses Braking System Hoses Power Steering System Hoses Heating and Cooling System Hoses and Turbocharger Hoses	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Automotive Belts and Hoses Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Automotive Belts and Hoses Market, By Hose Type:

• Fuel Delivery System Hoses
• Braking System Hoses
• Power Steering System Hoses
• Heating and Cooling System Hoses
• and Turbocharger Hoses

• Automotive Belts and Hoses Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE