The Latin America, Middle East and Africa Vehicle Exhaust Hose Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
Its primary usage is in locations with high levels of diesel and engine exhaust pollutants. Large levels of hazardous gases are present in the air at places like firehouses and mechanic garages, necessitating proper air filtration. In many instances, the fume extraction hose is installed close to the vehicle and takes the fumes directly from the garage and disposes of them in a space that is safely ventilated. Exhaust hoses are also frequently used in airplanes, kilns, chemical systems, and locations with high-temperature equipment.
It can be harmful to one's health over the long term to breathe in the smoke, fumes, and dust that are released by machinery and automobiles. All workers must breathe properly, and using a simple fan to clear the air would not get rid of the dangerous fumes entirely. In order to properly remove the fumes before workers have an opportunity to breathe them, a fume exhaustion hose is required. Revenue growth in the vehicle exhaust hose market is anticipated to be fueled by rising demand from auto repair shops and effective fume extraction systems in cars. The development of exhaust hoses for protecting workers and mechanics from car fumes is also anticipated to increase the demand for vehicle exhaust hoses.
The automotive industry across the region is considerably expanding. Owing to elements like cheap gasoline, high per capita disposable income, low import tariffs, and a favorable tax structure, the UAE would continue to be one of the GCC's most thriving automotive markets. Additionally, people find it considerably simpler to purchase cars in the UAE because of appealing insurance and financing alternatives. The forecast is especially promising for the sales of motorbikes, electric and hybrid cars, and premium autos. Purchasing a car would continue to be a top priority for new residents given the likelihood of an increase in migration from nearby countries with poor public transportation.
The Brazil market dominated the LAMEA Vehicle Exhaust Hose Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11.7 million by 2028. The Argentina market is experiencing a CAGR of 6.4% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 5.5% during (2022 - 2028).
Based on End-Use, the market is segmented into Commercial Cars and Passenger Cars. Based on Type, the market is segmented into Single layer, Double layer, and Three layer. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Vehicle Exhaust Hose Market is Predict to reach $622.4 Million by 2028, at a CAGR of 4.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nederman Holding AB, Masterflex SE (Avantor, Inc.), Air Cleaning Specialists, Inc., Novaflex Group, Flexaust Inc. (Schauenburg Hose Technology Group), Eurovac (Clean Air Technologies Inc.), Precision Hose & Expansion Joints, BISCO Enterprise, Inc., and Dayco LLC.
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