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

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Automotive Fluid Transfer System Market
Industry Size, Share, and Competition Analysis
The global automotive fluid transfer system
market is expected to experience significant
growth over the next five years, according to a
TechSci Research report titled "Automotive Fluid
Transfer System Market - Global Industry Size,
Share, Trends, Opportunity and Forecast,
2018-2028." The 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
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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. Browse XX Figures spread through XX Pages
and an in-depth TOC on "Global Automotive Fluid
Transfer System Market. https//www.techsciresear
ch.com/report/automotive-fluid-transfer-system-
market/8062.html 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. The
rubber material offers several advantages such
as high tear strength, high temperature
sustainability, and is cost- effective in
nature. It is majorly used in AC lines, brake
lines, turbo coolant hoses, and transmission
coolant hoses. The market is categorized based on
propulsion into ICE, BEV, PHEV, and FCEV. The
BEV segment is expected to be the largest
segment during the predicted period due to
attractive government policies and subsidies.
Battery electric vehicles are equipped with
battery cooling lines, brake lines, and air
suspension lines, which is expected to bolster
the market demand. The market is bifurcated based
on type into hoses and tubing. The tubing
segment is expected to be the fastest-growing
segment due
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to its applications in turbo coolant lines,
transmission oil cooling lines, and others. 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. To meet
evolving customer demand with respect to better
efficiency and durability, several automotive
fluid transfer system manufacturers are coming up
with their technologically advanced
offerings. Download Sample Report _at_
https//www.techsciresearch.com/sample-
report.aspx?cid8062 Customers can also request
for 10 free customization on this
report. Increasing preference of automobile
manufacturers to lower the weight of automobiles
to lower the overall vehicle weight and increase
the vehicle efficiency which eventually reduces
the cost for driving the vehicle. High-end
investments to lower the weight of automobiles by
key players and invent new technologies for
advanced vehicles is fostering the market
demand. Deployment of new production process to
increase the vehicle efficiency is propeling the
automotive fluid transfer system market growth
until 2028 said Mr. Karan Chechi, Research
Director with TechSci Research, a research based
global management consulting firm. Global
Automotive Fluid Transfer System Market By
Vehicle Type (Passenger Car, Light Commercial
Vehicle, Medium and Heavy Commercial Vehicle,
OTR) By 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) By Type (Hoses, Tubing) By Material
(Nylon, Stainless Steel, Aluminum, Steel,
Rubber, Others) By Propulsion (ICE, BEV, PHEV,
FCEV) By Company, By Region, Forecast
Opportunities, 2028 has evaluated the future
growth potential of global automotive fluid
transfer system market and provided statistics
information on market size, shares, structure and
future market growth. The report intends to
provide cutting-edge market intelligence and
help decision makers take sound investment
decisions. Besides, the report also identifies
and analyzes the emerging trends along with
essential drivers,
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challenges, and opportunities in the of global
automotive fluid transfer system
market. Download Sample Report _at_
https//www.techsciresearch.com/sample-
report.aspx?cid8062 About TechSci
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