Fluid Transfer System Market (By Type: Air suspension lines, Fuel lines, AC lines, Brake lines, DPF lines, SCR lines, Transmission oil cooling lines, Turbo coolant lines; By Material: Nylon, Steel, Stainless steel, Aluminum, Rubber, Other; By Vehicle Type: Passenger cars, Light commercial vehicles, Trucks, Buses; By Electric & Hybrid Vehicle Type: Battery electric vehicle, Hybrid electric vehicle, Plug-in hybrid electric vehicle; By Off-Highway Vehicles: Construction equipment, Mining equipment, Agriculture tractors) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global fluid transfer system market is anticipated to grow at a CAGR of around 6.8% during the forecast period 2020 to 2027 and to reach around US$ 29.5 Bn by 2027.

Market Dynamics

Rapid technological advancement in automotive sector, increasing passenger vehicle sale in developing countries and stringent emission regulation by the government are major factors expected to drive the growth of global market. In addition, increasing electric vehicle sale in developing countries coupled with adoption of fluid transfer system from manufacturers in order to improve fuel economy, increase power, etc. is another important factor expected to augment the growth of target market.

Major players focus on business expansion in order to increase the customer base and increase the profit us resulting in merger and acquisition activities this is another factor expected to further support the growth of target market.

• In 2018, Cooper-Standard acquired LS Mtron, a Korea based automotive and industrial manufacturer. This is expected to help the company to enhance the product portfolio and enhance the customer base.
• In 2016, Cooper Standard acquired AMI Industries business of automotive fuel and brake. This acquisition will help the company to strengthen its position internationally and increase the customer base.
• In 2018, Dongfeng Motor Parts And Components Group Co., Ltd. and Cooper-Standard agreed to form a joint venture in order to set-up joint manufacturing unit of piping systems and sealing materials. This is expected to help the company to enhance the customer base and increase the profit ratio.
• In 2019, Contitech opened a new plant in Qingdao Sino-German Ecopark with the focus to provide high-quality hose products and mobile fluid system solutions for passenger cars and commercial vehicles. This is expected to help the company to enhance the customer base and increase the product portfolio.
• In 2018, Flofuel Group acquired FTi a global provider of total refuelling solutions for aviation, marine and ground fuels, Fluid Transfer International. This acquisition is expected to help the company to enhance the customer base.

However, factors such as low replacement rate of fuel transfer system and demand for high durable products are expected to hamper the growth of global fluid transfer system market. In addition, fluctuation in raw material prices is another factor expected to further challenge the growth of target market.

High investment by major players for R&D activities and innovative products offerings are factors responsible to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements is another factor expected to further revenue support the target market growth.

Fluid Transfer System Market Segment Analysis, 2019

The global fluid transfer system market is segmented into type, material, vehicle type, electric & hybrid vehicle type, and off-highway vehicles. The type segment is further bifurcated into air suspension lines, fuel lines, AC lines, brake lines, DPF lines, SCR lines, transmission oil cooling lines, and turbo coolant lines. Among vehicle type the passenger cars segment is expected to account for major revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to high demand from construction equipment manufacturers. In addition, presence of large number of players operating in the country along with innovative product offerings is another factor expected further support the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to high passenger vehicle sale in the region. In addition, increasing electric vehicle sale in the countries, favorable business polices, coupled with introduction of innovative products from regional players are among other factors expected to further support the growth of target market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Fluid Transfer System Market (Type: Air suspension lines, Fuel lines, AC lines, Brake lines, DPF lines, SCR lines, Transmission oil cooling lines, and Turbo coolant lines; Material: Nylon, Steel, Stainless steel, Aluminum, Rubber, and Other; Vehicle Type: Passenger cars, Light commercial vehicles, Trucks, and Buses; Electric & Hybrid Vehicle Type: Battery electric vehicle, Hybrid electric vehicle, and Plug-in hybrid electric vehicle; Off-Highway Vehicles: Construction equipment, Mining equipment, and Agriculture tractors) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global fluid transfer system market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global fluid transfer system market segment by vehicle type, product type, channel type, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global fluid transfer system market size and segment markets by vehicle type, product type, channel type, application and geography along with the information on companies operating in the market. The fluid transfer system market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report ContiTech AG, Mgi Coutier, TI Fluid Systems., Lander Automotive, HUTCHINSON, Castello Italia, Gates Corporation, Pirtek Fluid Systems Pty. Ltd., Cooper Standard, Kongsberg Automotive, AGS Company., and Graco Inc.

Market Segmentation

Market By Type

• Air suspension lines
• Fuel lines
• AC lines
• Brake lines
• DPF lines
• SCR lines
• Transmission oil cooling lines
• Turbo coolant lines

Market By Material

• Nylon
• Steel
• Stainless steel
• Aluminum
• Rubber
• Other

Market By Vehicle Type

• Passenger cars
• Light commercial vehicles
• Trucks
• Buses

Market By Electric & Hybrid Vehicle Type

• Battery electric vehicle
• Hybrid electric vehicle
• Plug-in hybrid electric vehicle

Market By Off-Highway Vehicles

• Construction equipment
• Mining equipment
• Agriculture tractors

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa