Automotive Fluid Transfer System Market: Industry Size, Share, and Competition Analysis

MANHATTAN, N.Y. - March 1, 2023 - PRLog -- The global automotive fluid transfer system market is segmented by vehicle type (passenger car, light commercial vehicle, medium and heavy commercial vehicle, OTR), equipment type (air suspension lines, fuel lines, brake lines, AC lines, diesel particulate filter lines, selective catalytic reduction lines, transmission oil cooling lines, turbo coolant lines, engine cooling lines, air brake lines), type (hoses, tubing), material (nylon, stainless steel, aluminum, steel, rubber, others), and propulsion (ICE, BEV, PHEV, FCEV) by region.

The report suggests that the increasing adoption of after treatment devices in vehicles, such as diesel particulate filter lines and selective catalytic reduction lines, will be a major driver for the market. SCR technology is preferred by diesel vehicles worldwide because it aids in more NOx reduction than LNT. Developed countries' buses and trucks must comply with permissible NOx limits and be equipped with SCR technology, which is considered a significant driver for the fluid transfer system market. Additionally, ongoing technological development of the agricultural industry and the resultant increase in demand for agricultural tractors are expected to be major drivers for market growth. The market is also being boosted by the implementation of technologies to upgrade and downsize engines while increasing efficiency.

However, due to the ongoing COVID-19 pandemic, disruptions in the supply chain have been observed worldwide, resulting in a decline in automobile production and shutdowns of manufacturing facilities in many countries. Government guidelines for prevention purposes are expected to have a moderate impact on the automotive fluid transfer system market, but several organizations and production units are recovering from the loss after the lifting of lockdown, thereby fueling the market for automotive fluid transfer systems.

However, increasing demand for electric vehicles and its environment benefits may create hindrance in the global automotive fluid transfer system market growth.

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The global automotive fluid transfer system market is segmented by vehicle type, equipment type, type, material, propulsion, region, and company. The market is further divided based on material into nylon, stainless steel, aluminum, steel, rubber, and others. The rubber segment is expected to dominate the market, with rubber hoses being divided into two main types: synthetic and natural rubber.

TI Fluid Systems, Castello Italia, Gates Corporation, Kongsberg Automotive, Cooper Standard, Contitech, Akwel, Lander Automotive, Hutchinson, Tristone are the leading players operating in global automotive fluid transfer system market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market.

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