The market demand for automotive hoses continues to rise, and the industry has huge development potential

Automotive hoses, also known as automotive hoses, refer to special hoses used to transmit various gases and liquids such as lubricating oil, fuel, refrigerant, water, etc. in automotive systems. According to different uses, automotive hoses can be divided into air conditioning hoses, fuel hoses, turbocharger hoses, brake hoses, radiator hoses, power steering hoses, etc.

Driven by the rapid economic development and the continuous improvement of national living standards, my country’s consumers’ demand for car purchases continues to grow. According to statistics from the Ministry of Public Security, the number of motor vehicles in my country will reach 400 million in 2021, a year-on-year increase of 6.2%. As the number of automobiles continues to grow, the automobile manufacturing industry has entered a stage of rapid development. According to the “2022-2027 Automotive Hose Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, the automotive hose As an important component for automobile manufacturing, market demand is increasingly strong. It is expected that by 2025, my country’s demand for automobile hoses will exceed 700 million meters.

Automobile hoses are mostly distributed in the three major systems of automobile engines, body and chassis, and are important parts for automobile manufacturing. Fuel hose is the product with the highest production cost among automobile hoses. It can connect carbon canisters, fuel tanks, crankcases, oil pumps and other components. It can not only transport fuel from the fuel tank to the engine, but also transport uncombusted fuel back to the fuel tank. .

The raw materials for automobile hose production include synthetic rubber, polyoxymethylene (POM) and carbon black. my country is the world’s largest producer of synthetic rubber. According to data from the National Bureau of Statistics, my country’s synthetic rubber output reached 8.117 million tons in 2021, a year-on-year increase of 9.7%. Polyformaldehyde is mainly used in the production of fuel hoses and has excellent toughness, elasticity, thermal stability and impact resistance. At present, my country’s polyformaldehyde production maintains a steady growth trend. As the severe epidemic situation is gradually brought under control, my country’s carbon black production has begun to pick up, and my country’s carbon black production will exceed 5 million tons in 2021. Benefiting from the sufficient supply of raw materials, my country’s automotive hose production continues to increase.

In recent years, the automobile manufacturing industry has developed rapidly, attracting more and more foreign-funded enterprises to join the competition in my country’s automobile hose market. my country’s automotive hose companies as a whole can be divided into three echelons. The first echelon includes world-renowned automotive hose suppliers, including Sumitomo of Japan, Hutchinson of France, ContiTech of Germany, etc. The second echelon includes large-scale local automotive hose manufacturers, including Penngling Co., Ltd., Chuanhuan Technology, etc. The third echelon is Local small and medium-sized automobile hose manufacturer.

Industry analysts said that driven by the rapid development of the automobile manufacturing industry, as a major producer and consumer of automobile hoses, my country’s market demand continues to grow , the industry will have broad room for development. The output of raw materials such as synthetic rubber, polyoxymethylene (POM) and carbon black continues to grow, providing guarantee for the development of my country’s automotive hose industry. Driven by technological innovation, the localization rate of my country’s automotive hose market will continue to increase.