The global Fluid Transfer System market gathered revenue around USD 18.1 Billion in 2020 and market is set to grow USD 27.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.2% during the prediction period 2021 to 2027. The demand for fluid transfer system is driven by the implementation of stringent emission norms around the globe, growing demand for luxury vehicle models, increasing adoption rate of after-treatment devices in diesel engines.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Fluid Transfer System market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Fluid Transfer System market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Fluid Transfer System market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Opportunities: Increasing demand for lightweight vehicle parts
Light weighting is a popular trend in the automotive industry. The increased usage of lightweight materials to reduce the overall vehicle weight helps enhance fuel efficiency and lowers the cost of driving a vehicle. Vehicle and component manufacturers are seeking innovative ways to reduce vehicle weight by using lighter materials such as aluminum. Moreover, deployment of a new production process is likely to provide desired results. For instance, hot stamping or hydroforming methods can be used to manufacture steel parts and assemblies instead of conventional stamping. This method helps make lightweight products with equal or improved strength. Additionally, the use of lightweight materials, such as plastics, aluminum, and advanced high strength steel (HSS), for the manufacturing of fluid transfer systems is expected to create lucrative growth opportunities for manufacturers in the near future.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Fluid Transfer System Market are:
Cooper-Standard (US), Contitech (Germany), Akwel (France), Hutchinson (France), and TI fluid systems (UK)
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Fluid transfer system market, by battery cooling application
Electric & hybrid vehicle fluid transfer system market, by Equipment type
- Air suspension lines
- Ac lines
- Battery cooling lines
- Transmission oil cooling lines
- Fuel lines
- Brake lines
Fluid transfer system material market, by type
- Air suspension lines
- Fuel lines
- AC lines
- Brake lines
- DPF lines
- SCR lines
- Transmission oil cooling lines
- Turbo coolant lines
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
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