Global Hoses And Belting Manufacturing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Rubber Hoses and Rubber Belts.

By Applications;

Automobile Manufacturing and Industrial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn521880500 Published Date: May, 2025 Updated Date: June, 2025

Hoses And Belting Manufacturing Market Overview

Hoses And Belting Manufacturing Market (USD Million)

Hoses And Belting Manufacturing Market was valued at USD 41100.74 million in the year 2024. The size of this market is expected to increase to USD 48855.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.5%.


Global Hoses And Belting Manufacturing Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 2.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.5 %
Market Size (2024)USD 41100.74 Million
Market Size (2031)USD 48855.86 Million
Market ConcentrationHigh
Report Pages387
41100.74
2024
48855.86
2031

Major Players

  • Sumitomo Riko Co. Ltd
  • ACDelco (General Motors)
  • 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

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Hoses And Belting Manufacturing Market

Fragmented - Highly competitive market without dominant players


The Hoses and Belting Manufacturing Market is steadily evolving, led by increasing requirements from automotive and industrial operations. These components are essential for fluid transfer and power transmission across engines and machinery. Presently, more than 55% of the market’s demand is tied to heavy equipment and mechanical systems, illustrating their foundational role in essential infrastructure.

Material Innovation Enhancing Product Longevity
Developments in advanced materials and composite polymers are revolutionizing product quality. Manufacturers are increasingly adopting materials that deliver higher endurance, heat resistance, and flexibility. Investment in material R&D accounts for nearly 48% of industry innovation initiatives, focused on minimizing wear and improving lifecycle efficiency.

Smart Integration in Modern Manufacturing
With automation gaining traction, hoses and belts are now being designed for smart systems that offer enhanced reliability. Integrated sensors and monitoring tools are enabling real-time diagnostics, already adopted in 30% of modern installations. This advancement contributes to proactive maintenance and improved safety metrics in industrial workflows.

Expansion in Energy and Agriculture Sectors
The use of these products in renewable energy and agri-tech machinery is growing at a rapid pace. Applications in solar, irrigation, and farming vehicles now represent over 40% of new purchase volumes. The demand for reliable and versatile components in these sectors underscores their increasing importance in equipment performance and sustainability goals.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Applications
    3. Market Snapshot, By Region
  4. Hoses And Belting Manufacturing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Expansion
        2. Infrastructure Development
        3. Technological Advancements
        4. Globalization and Trade
      2. Restraints
        1. Volatility in Raw Material Prices
        2. Stringent Regulatory Compliance
        3. Global Economic Uncertainty
        4. Supply Chain Disruptions
      3. Opportunities
        1. Environmental Sustainability
        2. Emerging Markets
        3. Customization and Specialization
        4. Digitalization and Industry 4.0
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Hoses And Belting Manufacturing Market, By Type, 2021 - 2031 (USD Million)
      1. Rubber Hoses
      2. Rubber Belts
    2. Hoses And Belting Manufacturing Market, By Applications, 2021 - 2031 (USD Million)
      1. Automobile
      2. Manufacturing
      3. Industrial
    3. Hoses And Belting Manufacturing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sumitomo Riko Co. Ltd
      2. ACDelco (General Motors)
      3. Toyoda Gosei Co. Ltd
      4. Continental AG
      5. Goodyear Tire & Rubber Co
      6. Dayco IP Holdings LLC
      7. Yokohama Rubber Co., Ltd
      8. Schaeffler AG
      9. Nichirin Co., Ltd
      10. Hutchinson SA
  7. Analyst Views
  8. Future Outlook of the Market