Global Fluid Transfer System Market Forecast to 2028

The most recent report from Emergen Research, "World Fluid Transfer System Market," was painstakingly created with the reader's comprehension in mind. It includes a comprehensive database of industry distribution. The study examines past and current market conditions to forecast the Fluid Transfer System market's prospects for the near future (2021–2028). The factors influencing the market's overall expansion were the main focus of the researchers' in-depth examination of the global market. The research employs potent analytical techniques like SWOT analysis and Porter's Five Forces to analyze the strengths, weaknesses, opportunities, and threats connected to the expansion of various market segments.

The global fluid transfer system market size is expected to reach USD 28.48 Billion at a steady CAGR of 6.2% in 2028, according to the latest analysis by Emergen Research. Factors driving revenue growth in the fluid transfer system market are increasing demand for premium vehicles, the implementation of more stringent fuel emission and tailpipe exhaust regulations, and stringent norms regarding CO2.

Fluid transfer systems are commonly used in the manufacturing, shipping, automotive, and aerospace industries. These systems are incorporated into machines or can also be used independently. Some common components of fluid transfer systems are hoses, pipes, valves, and accessory loading equipment. These systems are used in automobiles for air conditioning, fuel injection, and engine cooling. Growing adoption of Selective Catalytic Reduction (SCR) in diesel engines, along with a rise in vehicle production and demand, are some other key factors driving market growth.

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Competitive Terrain:

The global Fluid Transfer System industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Contitech, Cooper Standard, Lander Automotive, Akwel, Gates Corporation, Hutchinson, Tristone, TI Fluid Systems, Castello Italio, and Kongsberg Automotive  

Research Report on the Fluid Transfer System Market Addresses the Following Key Questions:

  • Who are the dominant players of the Fluid Transfer System market?
  • Which regional market is anticipated to have a high growth rate over the projected period?
  • What consumer trends and demands are expected to influence the operations of the market players in the Fluid Transfer System market?
  • What are the key growth drivers and restraining factors of the Fluid Transfer System market?
  • What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
  • What is the overall impact of the COVID-19 pandemic on the Fluid Transfer System market and its key segments?

Market Overview:

The report bifurcates the Fluid Transfer System market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • Equipment Type Outlook (Revenue, USD Billion; 2018–2028)
    • AC lines
    • Air suspension lines
    • SCR lines
    • Brake lines
    • DPF lines
    • Fuel lines
    • Turbo coolant lines
    • Transmission oil cooling lines
  • Type Outlook (Revenue, USD Billion; 2018–2028)
    • Hoses
    • Tubing
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Automotive
      1. Battery Electric Vehicle (BEV)
      2. Plug-in Hybrid Electric Vehicle (PHEV)
      3. Mild Hybrid Vehicles
    • Aerospace
    • Manufacturing
    • Others

Regional Landscape section of the Fluid Transfer System report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights in the Report

  • In May 2020, Puck Enterprises, which is a producer of liquid transfer equipment, announced completion of the acquisition of Coupling & Accessories Inc., which is a company producing hose connection and fittings in the US. The acquisition provides Puck Enterprises capability to develop more innovative solutions and offer an enhanced product line to its customers in the liquid transfer industry. Also, the acquisition offers Puck Enterprises and its subsidiary firm, BullDog Hose Company, improved control over their product offerings.
  • Selective Catalytic Reduction (SCR) is a cost-effective fuel-efficient technology used to reduce emissions from diesel engines. All heavy-duty diesel truck engines manufactured after 1 January 2020 are required to meet the Environmental Protection Agency (EPA) emission standard. The standard is very stringent, and aimed at reducing nitrogen oxide (NOx) and particulate matter (PM) to near-zero levels. SCR can reduce nitrogen oxide emissions up to 90% while reducing hydrocarbon (HC) and carbon monoxide emissions by 50–90% and particulate matter (PM) emissions by 30–50%.
  • Rubber hoses are commonly used for fluid transfer and are designed for specific fluid, pressure, and temperature ranges and are available in a variety of specifications. Rubber hoses have capability of resisting erosive wear better than steel pipes in certain applications.
  • North America accounted for a significantly large revenue share in 2020 due to presence of major market players such as Cooper Standard and Gates Corporation. Increasing investment in research & development of advanced fluid transfer systems in countries in the region is expected to propel growth of the North America market going ahead.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Fluid Transfer System market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

  • Data and information related to the consumption rate in each region
  • Estimated increase in the consumption rate
  • Proposed growth of the market share of each region
  • Geographical contribution to market revenue
  • Expected growth rate of the regional markets

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