Updated engine technologies and downsizing of engines drive growth

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Fluid Transfer Systems Market – Global Forecast to 2027.pdf

Fluid Transfer Systems Market - Global Forecast to 2027.pdf

Fluid Transfer Systems Market – Global Forecast to 2027.pdf

Dublin, Oct. 18, 2022 (GLOBE NEWSWIRE) — The “Fluid Transfer Systems Market by System (Brake, Fuel, Air Conditioning, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine and Battery Cooling, Air Brake), Material (Al, rubber, nylon, steel, stainless steel), On and Off Road, EV and Region – Global Forecast to 2027″ report has been added to from ResearchAndMarkets.com offer.

The Fluid Transfer Systems Market is expected to grow from USD 19.1 Billion to USD 25.0 Billion by 2027, at a CAGR of 5.6% during the forecast period. The growth of the fluid transfer systems market is driven by the growing demand for after-treatment devices, turbocharged engines, air suspensions in commercial vehicles, and increasing sales of electric vehicles. Asia-Pacific is expected to dominate the fluid transfer systems market over the forecast period.

Rubber materials are believed to be the largest fluid transfer systems market segment.

Rubber hoses are commonly used in automotive applications. Rubber hoses can be classified into two types: synthetic rubber and natural rubber. Natural rubber breaks down when exposed to oil, but synthetic rubber has much better chemical resistance, elasticity, and resilience, making it a better alternative to natural rubber. These are used for fuel lines, AC lines, brake lines, turbo coolant hoses and transmission coolant hoses. Rubber hoses are also increasingly used in engine cooling hoses, mainly EPDM rubber, due to their properties such as low electrical conductivity, resistance to steam and water and stability to high and low temperatures. Thus, the low cost of rubber and properties such as hot and cold temperature durability and high tear resistance are expected to drive the growth of the rubber fluid transfer market.

Agricultural tractors are expected to be the fastest growing market for the off-road vehicle segment.

Agricultural tractors are expected to be the fastest growing market for fluid transfer systems during the forecast period. This growth is due to the increasing mechanization of the agricultural industry globally, the lack of skilled agricultural labor, the rising cost of labor and the growing need for efficiency. operational and profitability. According to the analysis, the global agricultural tractor market demand was valued at nearly 2.8 million units in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030. In addition, regional government subsidies and other agricultural equipment purchase aids are driving the market for fluid transfer systems for agricultural tractors.

Fluid transfer systems used in agricultural tractors are hydraulic lines, brake lines, DPF lines, fuel lines, SCR lines, transmission oil cooling lines, engine cooling lines, turbo and engine cooling lines. Agricultural tractors will face reduced emission limits in upcoming emissions regulations and as a result the demand for waste handling devices will increase, creating an opportunity for the growth of fluid transfer lines such as DPF and SCR lines in off-road vehicles. Thus, considering the above-mentioned factors, the agricultural tractor fluid transfer market is expected to grow significantly over the forecast period.

Market dynamics

Drivers

  • Increasing stringency in exhaust emission limits

  • Updated engine technologies and reduced engine size

  • Strict emission standards to mandate after-treatment devices

  • Increase in vehicle production

Constraints

Opportunities

Challenges

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews

5 Market Overview

6 Recommendations

7 Fluid Transfer System Market, By System

8 Fluid Transfer System Market, by Type

9 Fluid Transfer System Market, By Material

10 Fluid Transfer Systems Market, By Road Vehicle

11 Fluid Transfer Systems Market, by Electric and Hybrid Vehicle

12 Fluid Transfer Systems Market, By Off-Road Vehicle

13 Fluid Transfer System Market, by Region

14 Competitive landscape

15 company profiles

16 Annex

Companies cited

  • Specific products

  • Ags Automotive Solutions

  • Akwell

  • Balcrank Corporation, Inc.

  • Calex Auto Pvt. ltd.

  • Italy Castle

  • Continental AG

  • Cooper Standard

  • Delfingen

  • Gates Corporation

  • Graco Inc.

  • Hutchinson

  • Kongsberg Automotive

  • Kros Otomotiv Sanayi Ve Tic AS

  • Lander Tubular Products

  • Macnaught Pty Ltd

  • Newage Industries

  • Parker Hannifin Corp.

  • Pirtek Fluid Transfer Solutions

  • Reelcraft Industries

  • Sanden Vikas (India) Ltd.

  • Sanoh Industrial Co.Ltd.

  • SCI

  • IT fluid systems

  • Tristone

For more information on this report, visit https://www.researchandmarkets.com/r/wvgz8s

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