Fluid Transfer System Market

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Fluid Transfer System Market by System (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel, Stainless Steel), On & Off-Highway, EV & Region - Global Forecast to 2027

FREE BROCHURE FREE SAMPLE REPORT
Report Code: AT 7363 Sep, 2022, by marketsandmarkets.com

[312 Pages Report] The fluid transfer system market is estimated to grow from USD 19.1 billion in 2022 to USD 25.0 billion by 2027, at a CAGR of 5.6% over the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027. The market would witness growth owing to driving factors such as updated engine technologies and engine downsizing, stringent emission norms to mandate the after treatment devices, and rising demand for luxury vehicles.

Fluid Transfer System Market

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Market Dynamics

DRIVER: Updated engine technologies and engine downsizing

The International Energy Agency (IEA) has targeted a 50% reduction in global average emissions by 2030. Engine downsizing is a promising method to reduce emissions and fuel consumption of internal combustion engines. The increased focus on fuel efficiency and implementation of stringent emission norms in the automotive industry have replaced bigger engines with smaller yet equally or more powerful ones. Engine downsizing enhances performance using one or more of the following methods: variable valve timing (VVT), direct fuel injection, and advanced exhaust gas recirculation (EGR). Thus, the updated and downsize engines require a compact, lightweight, and highly advanced fluid transfer system for thermal management in the engines. The new engine technologies used for emission reduction would drive the demand, especially for the fluid transfer system's DPF and SCR lines. Introducing emission norms such as Euro 6 and China 6a & 6b is expected to drive the demand for engine downsizing. For instance, due to Euro 6, NOx from diesel vehicles has reduced from 180 mg/km to just 80 mg/km. Thus, compact engines require more air and fluid treatment. This will help drive the demand for advanced fluid transfer systems during the forecast period.

RESTRAINT: Rising popularity of electric vehicles may impact the fluid transfer system market in ICE Vehicles

Battery cooling lines are expected to have a rise in demand due to the increasing popularity of pure electric vehicles as a result of numerous alluring government initiatives and strict emission limits. For instance, the National Development and Reform Commission (NDRC), Ministry of Science and Technology (MOST), Ministry of Industry and Information Technology (MIIT), and Ministry of Finance (MOF) in China jointly issued a notice on April 23, 2020 (hereinafter, "the Notice") on optimising fiscal subsidies for promoting new energy vehicles. The Notice is the 2020 annual adjustment to China’s decade-long national subsidy program for NEVs. Subsidies have been extended for two years, from the end of 2020 to the end of 2022, to stimulate the automobile market, which the COVID-19 pandemic has severely impacted. Therefore, with the growing popularity of the electric vehicles, the demand for fluid transfer lines for ICE vehicles, such as turbo coolant lines and engine cooling lines, may get impacted negatively during the forecast period.

OPPORTUNITY: Surging 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 seek innovative ways to reduce vehicle weight by using lighter materials such as aluminum. Moreover, deploying 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, using lightweight materials, such as plastics, aluminum, and advanced high-strength steel (HSS), for manufacturing fluid transfer systems is expected to create lucrative growth opportunities for manufacturers during the forecast period. For instance, Cooper Standard provides lightweight coolant tubes under the PlastiCool series. PlastiCool offers a 60% lighter weight compared to traditional hoses. Thus, the demand for lightweight materials would create an opportunity to develop lighter and more efficient fluid transfer system components, influencing the fluid transfer system market during the forecast period.

CHALLENGE: Demand for high-durability products

The increasing 'under-the-hood temperatures have fueled the demand for aggressive fluids such as additives used in oils, coolants, and biofuel blends. Using these fluids can create a harsh operating environment—materials such as nylon, rubber, and steel transfer fluids. The failure of these materials in a vibratory and harsh environment can lead to fluid leakage. The possibility of leakages of fluid transfer sealing technologies may pose a challenge for its adoption. Various possible oil leaks have forced automakers to recall vehicles in huge numbers. For instance, in April 2022, Ford Motor Company (US) announced the recall of 737,000 vehicle units in the US to replace a part that could develop oil leakage and a software error that might hinder the braking line. The automaker announced recalling 345,451 vehicle units of the Ford Escape model developed between 2020 and 2022 and the Ford Bronco Sport model between 2021 and 2022 because the oil separator housing might crack and develop an oil leak situation that could cause an engine fire. Thus, OEMs now demand highly durable products that can comply with the changing fluid requirements in vehicles.

Air suspension line is expected to be the fastest-growing segment of the fluid transfer system market during the forecast period

Air suspension is a method of vehicle suspension that uses pressurized air instead of traditional metal springs powered by an air pump or compressor. Thermoplastic material is used for the manufacturing of air suspension lines. Due to the possibility of air leaks of suspension lines, the materials are thermoformed to minimize losses. Because of several advantages over spring coils, air suspensions have a high demand and are suitable for heavy vehicles such as trucks and buses. However, air suspension systems are becoming increasingly common in cars and commercial vehicles as an alternative to conventional suspension systems. The Asia Pacific is expected to be the largest market for air suspension lines. This is due to the demand for high performance and quality in heavy vehicles. Growing truck manufacturing countries like China, India, and Brazil are expected to drive the air suspension lines market. Several advantages have boosted the demand for air suspension lines, particularly in trucks. These include adaptability over various terrains while maintaining a smooth ride and less tire wear. Thus, these factors are expected to drive the growth of the air suspension lines of the fluid transfer system during the forecast period.

The battery electric vehicles (BEVs) segment is predicted to be the largest-growing segment in the fluid transfer system market during the forecast period

Due to the rising stringency in the emission limits for ICE vehicles, the demand for BEVs is rapidly growing globally. Further, BEVs are zero-emission vehicles and do not need SCR and DPF lines. The absence of an ICE also rules out the application of turbochargers, which eliminates the need for turbo coolant lines used in conventional vehicles. Thus, BEVs have suspension lines, AC lines, and brake lines. Also, due to the attractive government policies, BEV sales have grown considerably and are expected to grow significantly in the coming years. For instance, the Japanese government offers nearly USD 6,172.7 in incentives for BEV purchases, provided the electricity used is generated from renewable sources.

Furthermore, with the increasing demand for high-range batteries for better driving distance and the need for fast charging to reduce charging time, there would be an increase in demand for battery cooling lines and other power electronic module cooling lines for BEVs during the forecast period. Growing BEV sales in the Asia Pacific, particularly in China, is expected to drive BEV fluid transfer system market significantly. Thus, with growing sales, BEV fluid transfer system is expected to grow in the future.

Fluid Transfer System Market Size, and Share

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Asia is projected to be the largest market by 2027

Asia Pacific is projected to be the largest market during the forecast period due to the implementation and adoption of new and upcoming stringent emission standards such as BS VI, China 6a & China 6b. This has compelled OEMs to adopt advanced engine technologies such as TGDI, SCR, and DPF in their vehicle models. For instance, domestic OEMs in China now offer TGDI engines to comply with emission norms. Also, the growing sales of premium vehicles have driven the growth of front & rear AC conditioning systems. Furthermore, the demand for mid and full-sized SUVs with separate rear air conditioning and the growing installation rate of air brakes and air suspension, especially in premium-end vehicles for better comfort and luxury, will lure additional focus segments for the global tier-1 supplier. Also, Asia Pacific has a major share in tractors' overall production and sales and is estimated to have the largest agricultural tractor fluid transfer system market. The increasing presence of international brands, such as John Deere, CLAAS, and Massey Ferguson, in the Asia Pacific, is expected to boost the growth of the agriculture tractor fluid transfer system market. Increasing government efforts to promote farm mechanization, contract farming, and loan waivers are also expected to drive the market. Therefore, due to such impressive growth in the automotive industry across the region, Asia is projected to have the largest fluid transfer system market share during the forecast period.

Key Market Players & Start-ups

The fluid transfer system market is dominated by global players such as Cooper Standard (US), Kongsberg Automotive (Switzerland), Continental AG (Germany), Akwel (France), and TI fluid systems (UK). These companies have adopted comprehensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the growing fluid transfer system market.

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Scope of the Report

Report Attribute

Details

Base year for estimation

2021

Forecast period

2022 - 2027

Market Growth and Revenue forecast 

$ 25.0 Bn by 2027 at a CAGR of 5.6%

Top Players

Cooper Standard (US), Continental AG (Germany), Akwel (France),  Kongsberg Automotive (Switzerland), and TI fluid systems (UK)

Fastest Growing Market

Asia Pacific

Largest Market

Asia Pacific

Segments covered

By System

Air suspension lines, Fuel lines, AC lines, Brake lines, DPF lines, SCR lines, Transmission oil cooling lines, Turbo coolant lines, Air brake lines, and Engine cooling lines.

By Type

Hoses and Tubing

By Material

Nylon, Steel, Stainless steel, Aluminum, Rubber, and Other materials

By On-highway Vehicle Type

Passenger cars, Light commercial vehicles, Trucks, and Buses

By Electric & Hybrid Vehicles

Battery electric vehicles, Plug-in hybrid electric vehicles, and Fuel-cell electric vehicles

By Off-highway Vehicle Type

Agricultural tractors, Construction equipments and Mining equipments

By Region

North America – US, Canada and Mexico.
Europe – France, Germany, Russia, Spain, Italy, Turkey, the UK, and Rest of Europe.
Asia Pacific – China, India, Japan, South Korea, Thailand, and Rest of Asia Pacific.
Rest of the World – Iran, Brazil, South Africa, Argentina and Rest of RoW.

Additional Customization to be offered

  • fluid transfer system market, by battery cooling application
  • BEV
  • PHEV
  • MILD HYBRID
  • electric & hybrid vehicle fluid transfer system market,
    by type
  • Air suspension lines
  • AC lines
  • Battery cooling lines
  • Transmission oil cooling lines
  • Fuel lines
  • Brake lines

This research report categorizes the automotive fluid transfer system market based on System, Type, Material, On-highway Vehicle, Off-highway Vehicle, Electric & Hybrid Vehicle, and Region

By System

  • Air Suspension Lines
  • Fuel Lines
  • Brake Lines
  • Ac Lines
  • Diesel Particulate Filter (Dpf) Lines
  • Selective Catalytic Reduction (SCR) 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
  • Other Materials

By On-Highway Vehicle

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

By Electric & Hybrid Vehicle

  • Battery Electric Vehicle (BEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Off-Highway Vehicle

  • Agriculture Tractors
  • Construction Equipment
  • Mining Equipment

By Region:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Rest of Asia Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Spain
    • Russia
    • UK
    • Italy
    • Turkey
    • Rest of Europe
  • Rest of the World
    • Brazil
    • Iran
    • South Africa
    • Argentina
    • Rest of RoW

Recent Developments

  • In August 2022, Cooper Standard announced a joint development agreement with Industrie Saleri Italo S.p.A. (Italy) for creating a family of high-performance coolant fluid management devices for the battery electric vehicle (BEV) market. The new joint development will address the BEV market, offering new solutions to reduce energy consumption through fluid management in a smart, compact product with the flexibility of adapting to existing systems.
  • In August 2022, Lander Tubular Products entered into a strategic partnership with In-Comm Training Services Ltd. (UK). The relationship will cover all recruitment and selection, advice on tapping into funding, and induction process and training, with In-Comm trainers and assessors set to be permanently based at Lander Tubular Products’ internal academy at its Woodgate Business Park factory in Birmingham.
  • In March 2022, Kongsberg Automotive secured a contract to supply a fluid transfer system to a Tier 1 automotive supplier in North America. The company’s FTS unit will supply the Fluoro-Comp hoses and stainless-steel braided polytetrafluoroethylene brake lines over 4 years.
  • In March 2022, Lander Tubular Products acquired Franklin Tubular Products from the former Tricorn Group (UK). This acquisition is a part of Lander Tubular Products’ diversification and expansion strategy.
  • In December 2021, TI Fluid Systems secured a contract to supply the fluid transfer components for Mercedes-Benz AG’s IC engine variants. This contract represents a significant commitment to supply coolant fluid transfer system products for the internal combustion engines and hybrid or full-electric vehicles of Mercedes-Benz AG.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 INDUSTRY-SPECIFIC DEFINITIONS
    1.4 INCLUSIONS AND EXCLUSIONS
    1.5 STUDY SCOPE
           1.5.1 MARKETS COVERED
                    FIGURE 1 FLUID TRANSFER SYSTEM MARKET SEGMENTATION
           1.5.2 YEARS CONSIDERED
    1.6 CURRENCY CONSIDERED
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 44)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           FIGURE 3 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, AND REGION
                    2.1.2.1 Sampling techniques and data collection methods
                    2.1.2.2 List of primary participants
    2.2 MARKET ESTIMATION METHODOLOGY
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 5 FLUID TRANSFER SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (SYSTEM, VEHICLE TYPE, AND REGION)
                    FIGURE 6 FLUID TRANSFER SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (OFF-HIGHWAY VEHICLE)
                    FIGURE 7 FLUID TRANSFER SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (ELECTRIC AND HYBRID VEHICLE)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 8 FLUID TRANSFER SYSTEM MARKET SIZE: TOP-DOWN APPROACH (BY TYPE)
    2.3 DATA TRIANGULATION
           FIGURE 9 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS
           2.4.1 GLOBAL ASSUMPTIONS
           2.4.2 MARKET ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 59)
    3.1 REPORT SUMMARY
           FIGURE 10 FLUID TRANSFER SYSTEM: MARKET OUTLOOK
           FIGURE 11 FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 62)
    4.1 ATTRACTIVE OPPORTUNITIES FOR KEY MARKET PLAYERS IN FLUID TRANSFER SYSTEM MARKET
           FIGURE 12 STRINGENT EMISSION NORMS TO DRIVE FLUID TRANSFER MARKET
    4.2 FLUID TRANSFER SYSTEM MARKET, BY SYSTEM
           FIGURE 13 AC LINES SEGMENT EXPECTED TO LEAD FLUID TRANSFER SYSTEM MARKET, 2022 VS. 2027 (USD MILLION)
    4.3 FLUID TRANSFER SYSTEM MARKET, BY MATERIAL
           FIGURE 14 RUBBER SEGMENT EXPECTED TO HOLD LARGEST MARKET SHARE, 2022 VS. 2027 (USD THOUSAND)
    4.4 FLUID TRANSFER SYSTEM MARKET, BY TYPE
           FIGURE 15 HOSES EXPECTED TO LEAD FLUID TRANSFER SYSTEM MARKET DURING FORECAST PERIOD
    4.5 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY VEHICLE
           FIGURE 16 PASSENGER CARS SEGMENT EXPECTED TO DOMINATE FLUID TRANSFER SYSTEM MARKET FROM 2022 TO 2027
    4.6 FLUID TRANSFER SYSTEM MARKET, BY ELECTRIC & HYBRID VEHICLE
           FIGURE 17 BEVS EXPECTED TO HOLD LARGEST SHARE IN FLUID TRANSFER SYSTEM MARKET IN 2022
    4.7 FLUID TRANSFER SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE
           FIGURE 18 AGRICULTURAL TRACTORS EXPECTED TO LEAD FLUID TRANSFER SYSTEM MARKET FROM 2022–2027
    4.8 FLUID TRANSFER SYSTEM MARKET, BY REGION
           FIGURE 19 ASIA PACIFIC EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 67)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 FLUID TRANSFER SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing stringency in tailpipe emission limits
                               5.2.1.1.1 Updated engine technologies and engine downsizing
                               5.2.1.1.2 Stringent emission norms to mandate after-treatment devices
                               TABLE 1 ON-HIGHWAY VEHICLE EMISSION LIMITS: OVERVIEW
                               FIGURE 21 OFF-HIGHWAY (NON-ROAD MOBILE MACHINERY) VEHICLE EMISSION REGULATIONS – AN OVERVIEW
                               FIGURE 22 AFTER-TREATMENT DEVICE MARKET SIZE, SCR VS. DPF LINES, 2022–2026 (USD BILLION)
                    5.2.1.2 Increasing vehicle production
                               FIGURE 23 GLOBAL VEHICLE PRODUCTION, 2021–2027 (THOUSAND UNITS)
           5.2.2 RESTRAINTS
                    5.2.2.1 Rising popularity of electric vehicles may impact market for ICE vehicles
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing vehicle electrification/alternate fuel vehicles to create new revenue pockets
                               FIGURE 24 ELECTRIC PASSENGER CAR SALES, 2022–2030 (THOUSAND UNITS)
                    5.2.3.2 Surging demand for lightweight vehicle parts
                               TABLE 2 WEIGHT REDUCTION GOALS FOR LIGHT DUTY VEHICLES, 2020 VS. 2050
                               TABLE 3 FUTURE WEIGHT REDUCTION TARGETS, BY COMPONENT, 2025 VS. 2050
           5.2.4 CHALLENGES
                    5.2.4.1 Demand for high-durability products
    5.3 PORTER'S FIVE FORCES ANALYSIS
           TABLE 4 PORTER'S FIVE FORCES ANALYSIS
           FIGURE 25 PORTER'S FIVE FORCES
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 SCENARIOS – FLUID TRANSFER SYSTEM MARKET
           FIGURE 26 FLUID TRANSFER SYSTEM MARKET SCENARIO, 2019–2027 (USD MILLION)
           5.4.1 REALISTIC SCENARIO
                    TABLE 5 FLUID TRANSFER SYSTEM MARKET (REALISTIC SCENARIO), BY REGION, 2018–2027 (USD MILLION)
           5.4.2 PESSIMISTIC SCENARIO
                    TABLE 6 FLUID TRANSFER SYSTEM MARKET (PESSIMISTIC IMPACT SCENARIO), BY REGION, 2018–2027 (USD MILLION)
           5.4.3 OPTIMISTIC SCENARIO
                    TABLE 7 FLUID TRANSFER SYSTEM MARKET (OPTIMISTIC SCENARIO), BY REGION, 2018–2027 (USD MILLION)
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           FIGURE 27 REVENUE SHIFT DRIVING MARKET GROWTH
    5.6 ECOSYSTEM
           5.6.1 ECOSYSTEM: FLUID TRANSFER SYSTEM MARKET
                    FIGURE 28 FLUID TRANSFER SYSTEM MARKET: ECOSYSTEM
                    TABLE 8 FLUID TRANSFER SYSTEM MARKET: ECOSYSTEM
                    FIGURE 29 KEY PLAYERS IN FLUID TRANSFER SYSTEM MARKET ECOSYSTEM
    5.7 SUPPLY CHAIN ANALYSIS
           5.7.1 SUPPLY CHAIN ANALYSIS: FLUID TRANSFER SYSTEM MARKET
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 OVERVIEW
                    5.8.1.1 Gates introduced new and innovative hydraulic hose for fluid power applications
                    5.8.1.2 TI Fluid Systems supplies Volkswagen ID.3 and ID.4 battery electric vehicles with industry-first thermal technology
    5.9 AVERAGE PRICING ANALYSIS
           5.9.1 BY SYSTEM AND REGION
                    TABLE 9 AVERAGE PRICES OF FLUID TRANSFER SYSTEM EQUIPMENT TYPES, BY REGION, 2019–2021
    5.10 PATENT ANALYSIS
    5.11 TRADE ANALYSIS
           5.11.1 EXPORT SCENARIO
                    TABLE 10 FLUID TRANSFER SYSTEM MARKET EXPORT SCENARIO (PARTS), BY COUNTRY, 2017–2021 (USD MILLION)
           5.11.2 IMPORT SCENARIO
                    TABLE 11 FLUID TRANSFER SYSTEM MARKET IMPORT SCENARIO (PARTS), BY COUNTRY, 2017–2021 (USD MILLION)
    5.12 REGULATORY LANDSCAPE
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.2 REGULATORY ANALYSIS FOR FLUID TRANSFER SYSTEM MARKET
                    5.12.2.1 US
                    5.12.2.2 China
                    5.12.2.3 Japan
                    5.12.2.4 India
                    5.12.2.5 South Korea
                    5.12.2.6 Brazil
                    5.12.2.7 Europe
                               TABLE 16 EURO-5 VS. EURO-6 VEHICLE EMISSION STANDARDS ON NEW EUROPEAN DRIVING CYCLE
    5.13 CASE STUDY ANALYSIS
           5.13.1 USE CASE 1: LUCAS MILHAUPT DEVELOPED SOLUTION TO ELIMINATE LEAKS IN FLUID TRANSFER SYSTEMS FOR FORD MOTOR COMPANY
           5.13.2 USE CASE 2: AUTOMOTIVE COMPANIES TO REDUCE WEIGHT OF FLUID TRANSFER SYSTEM COMPONENTS
    5.14 KEY CONFERENCES AND EVENTS, 2022–2023
                    TABLE 17 FLUID TRANSFER SYSTEM MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.15 BUYING CRITERIA
                    FIGURE 30 KEY BUYING CRITERIA FOR DIFFERENT VEHICLE APPLICATIONS
                    TABLE 18 KEY BUYING CRITERIA FOR DIFFERENT VEHICLE APPLICATIONS

6 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 103)
    6.1 ASIA PACIFIC IS POTENTIAL MARKET FOR FLUID TRANSFER SYSTEMS
    6.2 COMPANIES TO INCREASE FOCUS ON LIGHTWEIGHT YET HIGHLY EFFECTIVE MATERIALS
    6.3 GROWING DEMAND FOR ELECTRIC VEHICLES DRIVING FLUID TRANSFER SYSTEM MARKET
    6.4 CONCLUSION

7 FLUID TRANSFER SYSTEM MARKET, BY SYSTEM (Page No. - 105)
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
           7.1.3 INDUSTRY INSIGHTS
                    FIGURE 31 FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022 VS. 2027 (USD MILLION)
                    TABLE 19 FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                    TABLE 20 FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                    TABLE 21 FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                    TABLE 22 FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
    7.2 AIR SUSPENSION LINES
           7.2.1 HIGH CHEMICAL AND HEAT RESISTANCE EXPECTED TO DRIVE SEGMENT
                    TABLE 23 AIR SUSPENSION LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 24 AIR SUSPENSION LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 25 AIR SUSPENSION LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 26 AIR SUSPENSION LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 FUEL LINES
           7.3.1 DEVELOPMENTS IN NYLON MATERIAL EXPECTED TO FOSTER DEMAND
                    TABLE 27 FUEL LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 28 FUEL LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 29 FUEL LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 30 FUEL LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.4 BRAKE LINES
           7.4.1 GROWING PENETRATION OF EBS TO DRIVE SEGMENT GROWTH
                    TABLE 31 BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 32 BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 33 BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 34 BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.5 AC LINES
           7.5.1 INCREASING DEMAND FOR REAR AIR CONDITIONING
                    TABLE 35 AC LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 36 AC LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 37 AC LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 38 AC LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.6 DIESEL PARTICULATE FILTER (DPF) LINES
           7.6.1 IMPLEMENTATION OF STRINGENT EMISSION STANDARDS TO DRIVE DPF MARKET
                    TABLE 39 DPF LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 40 DPF LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 41 DPF LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 42 DPF LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.7 SELECTIVE CATALYTIC REDUCTION (SCR) LINES
           7.7.1 OEMS INCREASINGLY ADOPTING ADVANCED TECHNOLOGIES FOR EMISSION CONTROL DRIVING DEMAND FOR SCR
                    TABLE 43 SCR LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 44 SCR LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 45 SCR LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 46 SCR LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.8 TRANSMISSION OIL COOLING LINES
           7.8.1 INCREASING ADOPTION OF AUTOMATIC TRANSMISSION
                    TABLE 47 TRANSMISSION OIL COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 48 TRANSMISSION OIL COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 49 TRANSMISSION OIL COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 50 TRANSMISSION OIL COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.9 TURBO COOLANT LINES
           7.9.1 RISING ADOPTION OF TURBOCHARGERS IN PASSENGER CARS
                    TABLE 51 TURBO COOLANT LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 52 TURBO COOLANT LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 53 TURBO COOLANT LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 54 TURBO COOLANT LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.10 ENGINE COOLING LINES
           7.10.1 DEMAND FOR ENHANCED SAFETY EXPECTED TO DRIVE SEGMENT
                    TABLE 55 ENGINE COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 56 ENGINE COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 57 ENGINE COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 58 ENGINE COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.11 AIR BRAKE LINES
           7.11.1 ENHANCED SAFETY AND RELIABILITY TO DRIVE DEMAND
                    TABLE 59 AIR BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 60 AIR BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 61 AIR BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 62 AIR BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)

8 FLUID TRANSFER SYSTEM MARKET, BY TYPE (Page No. - 126)
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS
           8.1.3 INDUSTRY INSIGHTS
                    FIGURE 32 FLUID TRANSFER SYSTEM MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
                    TABLE 63 FLUID TRANSFER SYSTEM MARKET, BY TYPE, 2018–2021 (‘000 UNITS)
                    TABLE 64 FLUID TRANSFER SYSTEM MARKET, BY TYPE, 2022–2027 (‘000 UNITS)
                    TABLE 65 FLUID TRANSFER SYSTEM MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 66 FLUID TRANSFER SYSTEM MARKET, BY TYPE, 2022–2027 (USD MILLION)
    8.2 HOSES
           8.2.1 FLEXIBILITY, RESILIENCY, AND WEATHERABILITY DRIVING SEGMENT
                    TABLE 67 HOSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 68 HOSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 69 HOSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 70 HOSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 TUBING
           8.3.1 INCREASING USAGE OF TURBO COOLANT LINES AND SCR LINES
                    TABLE 71 TUBING: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                    TABLE 72 TUBING: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                    TABLE 73 TUBING: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 74 TUBING: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)

9 FLUID TRANSFER SYSTEM MARKET, BY MATERIAL (Page No. - 133)
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS
           9.1.3 INDUSTRY INSIGHTS
                    FIGURE 33 FLUID TRANSFER SYSTEM MARKET, BY MATERIAL, 2022 VS. 2027 (USD THOUSAND)
                    TABLE 75 FLUID TRANSFER SYSTEM MARKET, BY MATERIAL, 2018–2021 (TONS)
                    TABLE 76 FLUID TRANSFER SYSTEM MARKET, BY MATERIAL, 2022–2027 (TONS)
                    TABLE 77 FLUID TRANSFER SYSTEM MARKET, BY MATERIAL, 2018–2021 (USD THOUSAND)
                    TABLE 78 FLUID TRANSFER SYSTEM MARKET, BY MATERIAL, 2022–2027 (USD THOUSAND)
    9.2 NYLON
           9.2.1 CORROSION RESISTANCE AND GROWING POPULARITY OF AIR BRAKE LINES TO INCREASE NYLON USAGE
                    TABLE 79 NYLON: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 80 NYLON: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (TONS)
                    TABLE 81 NYLON: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                    TABLE 82 NYLON: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD THOUSAND)
    9.3 STAINLESS STEEL
           9.3.1 LIGHTWEIGHT TREND EXPECTED TO DRIVE USE OF STAINLESS STEEL
                    TABLE 83 STAINLESS STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 84 STAINLESS STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (TONS)
                    TABLE 85 STAINLESS STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                    TABLE 86 STAINLESS STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD THOUSAND)
    9.4 ALUMINUM
           9.4.1 GROWING ADOPTION OF ALUMINUM REAR AC SYSTEMS
                    TABLE 87 ALUMINUM: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 88 ALUMINUM: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (TONS)
                    TABLE 89 ALUMINUM: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                    TABLE 90 ALUMINUM: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD THOUSAND)
    9.5 STEEL
           9.5.1 EASY AVAILABILITY AND LOW COST OF STEEL DRIVING DEMAND
                    TABLE 91 STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 92 STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (TONS)
                    TABLE 93 STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                    TABLE 94 STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD THOUSAND)
    9.6 RUBBER
           9.6.1 LOW PRICE WITH TEMPERATURE SUSTAINABILITY LIKELY TO FUEL MARKET
                    TABLE 95 RUBBER: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 96 RUBBER: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (TONS)
                    TABLE 97 RUBBER: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                    TABLE 98 RUBBER: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD THOUSAND)
    9.7 OTHERS
           9.7.1 DESIGN FLEXIBILITY AND DURABILITY EXPECTED TO DRIVE USE OF OTHER MATERIALS
                    TABLE 99 OTHERS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 100 OTHERS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (TONS)
                    TABLE 101 OTHERS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                    TABLE 102 OTHERS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD THOUSAND)

10 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY VEHICLE (Page No. - 147)
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS
             10.1.3 INDUSTRY INSIGHTS
                       FIGURE 34 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY VEHICLE TYPE, 2022 VS. 2027 (USD MILLION)
                       TABLE 103 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY VEHICLE, 2018–2021 (‘000 UNITS)
                       TABLE 104 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY VEHICLE TYPE, 2022–2027 (‘000 UNITS)
                       TABLE 105 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY VEHICLE TYPE, 2018–2021 (USD MILLION)
                       TABLE 106 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY VEHICLE TYPE, 2022–2027 (USD MILLION)
     10.2 PASSENGER CARS
             10.2.1 INCREASING ADOPTION OF TGDI EXPECTED TO DRIVE SEGMENT
                       TABLE 107 PASSENGER CARS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 108 PASSENGER CARS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 109 PASSENGER CARS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 110 PASSENGER CARS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.3 LIGHT COMMERCIAL VEHICLES (LCVS)
             10.3.1 ADOPTION OF AUTOMATIC TRANSMISSION AND TURBOCHARGERS TO DRIVE MARKET
                       TABLE 111 LCVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 112 LCVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 113 LCVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 114 LCVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.4 TRUCKS
             10.4.1 GOVERNMENT REGULATIONS FOR EMISSION CONTROL TO DRIVE USE OF AC LINES IN TRUCKS
                       TABLE 115 TRUCKS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 116 TRUCKS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 117 TRUCKS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 118 TRUCKS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.5 BUSES
             10.5.1 INCREASING ADOPTION OF AIR BRAKE SYSTEMS IN BUSES
                       TABLE 119 BUSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 120 BUSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 121 BUSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 122 BUSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)

11 FLUID TRANSFER SYSTEM MARKET, BY ELECTRIC & HYBRID VEHICLE (Page No. - 158)
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
             11.1.3 INDUSTRY INSIGHTS
                       FIGURE 35 FLUID TRANSFER SYSTEM MARKET, BY ELECTRIC & HYBRID VEHICLE, 2022 VS. 2027 (USD MILLION)
                       TABLE 123 FLUID TRANSFER SYSTEM MARKET, BY ELECTRIC & HYBRID VEHICLE, 2018–2021 (‘000 UNITS)
                       TABLE 124 FLUID TRANSFER SYSTEM MARKET, BY ELECTRIC & HYBRID VEHICLE, 2022–2027 (‘000 UNITS)
                       TABLE 125 FLUID TRANSFER SYSTEM MARKET, BY ELECTRIC & HYBRID VEHICLE, 2018–2021 (USD MILLION)
                       TABLE 126 FLUID TRANSFER SYSTEM MARKET, BY ELECTRIC & HYBRID VEHICLE, 2022–2027 (USD MILLION)
     11.2 BATTERY ELECTRIC VEHICLES (BEVS)
             11.2.1 STRINGENCY IN EMISSION LIMITS LEADING TO GROWTH IN BEV SALES
                       TABLE 127 BEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
            TABLE 128 BEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 129 BEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 130 BEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.3 PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)
             11.3.1 VARIOUS PHEV MODEL LAUNCHES EXPECTED TO DRIVE MARKET
                       TABLE 131 PHEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 132 PHEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 133 PHEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 134 PHEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.4 FUEL CELL ELECTRIC VEHICLES (FCEVS)
             11.4.1 INVESTMENTS BY GOVERNMENTS AND PRIVATE COMPANIES TO PROMOTE FUEL CELL TECHNOLOGY
                       TABLE 135 FCEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 136 FCEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 137 FCEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 138 FCEVS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)

12 FLUID TRANSFER SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE (Page No. - 167)
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS
             12.1.3 INDUSTRY INSIGHTS
                       FIGURE 36 FLUID TRANSFER SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE, 2022 VS. 2027 (USD MILLION)
                       TABLE 139 FLUID TRANSFER SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE, 2018–2021 (‘000 UNITS)
                       TABLE 140 FLUID TRANSFER SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE, 2022–2027 (‘000 UNITS)
                       TABLE 141 FLUID TRANSFER SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE, 2018–2021 (USD MILLION)
                       TABLE 142 FLUID TRANSFER SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE, 2022–2027 (USD MILLION)
     12.2 AGRICULTURAL TRACTORS
             12.2.1 SUBSIDIES/LOAN WAIVERS BOOSTING TRACTOR SALES
                       TABLE 143 AGRICULTURAL TRACTORS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
            TABLE 144 AGRICULTURAL TRACTORS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 145 AGRICULTURAL TRACTORS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 146 AGRICULTURAL TRACTORS: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.3 CONSTRUCTION EQUIPMENT
             12.3.1 GROWING INDUSTRIALIZATION AND CONSTRUCTION ACTIVITIES EXPECTED TO DRIVE DEMAND
                       TABLE 147 CONSTRUCTION EQUIPMENT: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 148 CONSTRUCTION EQUIPMENT: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 149 CONSTRUCTION EQUIPMENT: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 150 CONSTRUCTION EQUIPMENT: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.4 MINING EQUIPMENT
             12.4.1 INCREASING MINING ACTIVITIES EXPECTED TO DRIVE DEMAND
                       TABLE 151 MINING EQUIPMENT: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 152 MINING EQUIPMENT: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 153 MINING EQUIPMENT: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 154 MINING EQUIPMENT: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)

13 FLUID TRANSFER SYSTEM MARKET, BY REGION (Page No. - 176)
     13.1 INTRODUCTION
             13.1.1 RESEARCH METHODOLOGY
             13.1.2 ASSUMPTIONS
             13.1.3 INDUSTRY INSIGHTS
                       FIGURE 37 FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
                       TABLE 155 FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (‘000 UNITS)
                       TABLE 156 FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (‘000 UNITS)
                       TABLE 157 FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 158 FLUID TRANSFER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     13.2 ASIA PACIFIC
                       FIGURE 38 ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET SNAPSHOT
                       TABLE 159 ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
                       TABLE 160 ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS)
                       TABLE 161 ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 162 ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             13.2.1 CHINA
                       13.2.1.1 Growing popularity of TGDI expected to drive market
                                   TABLE 163 CHINA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 164 CHINA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 165 CHINA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 166 CHINA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.2.2 INDIA
                       13.2.2.1 Stringent emission standards and growing BEV sales
                                   TABLE 167 INDIA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 168 INDIA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 169 INDIA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 170 INDIA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.2.3 JAPAN
                       13.2.3.1 Popularity of automatic transmission to drive market
                                   TABLE 171 JAPAN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 172 JAPAN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 173 JAPAN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 174 JAPAN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.2.4 SOUTH KOREA
                       13.2.4.1 Increasing gasoline models projected to drive market
                                   TABLE 175 SOUTH KOREA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 176 SOUTH KOREA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 177 SOUTH KOREA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 178 SOUTH KOREA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.2.5 THAILAND
                       13.2.5.1 Stringent emission norms leading to fuel-efficient vehicles
                                   TABLE 179 THAILAND: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 180 THAILAND: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 181 THAILAND: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 182 THAILAND: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.2.6 REST OF ASIA PACIFIC
                       TABLE 183 REST OF ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                       TABLE 184 REST OF ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                       TABLE 185 REST OF ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                       TABLE 186 REST OF ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
     13.3 EUROPE
               FIGURE 39 EUROPE: FLUID TRANSFER SYSTEM MARKET SNAPSHOT, 2022 VS. 2027 (USD MILLION)
               TABLE 187 EUROPE: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
               TABLE 188 EUROPE: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS)
               TABLE 189 EUROPE: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 190 EUROPE: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             13.3.1 GERMANY
                       13.3.1.1 Decline in diesel vehicles expected to impact market
                                   TABLE 191 GERMANY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 192 GERMANY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 193 GERMANY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 194 GERMANY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.3.2 FRANCE
                       13.3.2.1 Increasing adoption of rear AC lines
                                   TABLE 195 FRANCE: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 196 FRANCE: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 197 FRANCE: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 198 FRANCE: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.3.3 RUSSIA
                       13.3.3.1 Growing popularity of premium vehicles
                                   TABLE 199 RUSSIA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 200 RUSSIA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 201 RUSSIA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 202 RUSSIA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.3.4 SPAIN
                       13.3.4.1 Recent implementation of Euro 6 norms
                                   TABLE 203 SPAIN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 204 SPAIN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 205 SPAIN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 206 SPAIN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.3.5 UK
                       13.3.5.1 Increased sales of gasoline vehicles
                                   TABLE 207 UK: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 208 UK: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 209 UK: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 210 UK: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.3.6 TURKEY
                       13.3.6.1 Growing penetration of foreign luxury automakers
                                   TABLE 211 TURKEY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 212 TURKEY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 213 TURKEY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 214 TURKEY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.3.7 ITALY
                       13.3.7.1 Preference for premium passenger cars
                                   TABLE 215 ITALY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 216 ITALY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 217 ITALY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 218 ITALY: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.3.8 REST OF EUROPE
                       TABLE 219 REST OF EUROPE: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                       TABLE 220 REST OF EUROPE: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                       TABLE 221 REST OF EUROPE: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                       TABLE 222 REST OF EUROPE: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
     13.4 NORTH AMERICA
               FIGURE 40 NORTH AMERICA: FLUID TRANSFER SYSTEM MARKET SNAPSHOT
               TABLE 223 NORTH AMERICA: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
               TABLE 224 NORTH AMERICA: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS)
               TABLE 225 NORTH AMERICA: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 226 NORTH AMERICA: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             13.4.1 CANADA
                       13.4.1.1 Emission standards for large gasoline vehicles
                                   TABLE 227 CANADA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 228 CANADA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 229 CANADA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 230 CANADA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.4.2 MEXICO
                       13.4.2.1 Free trade agreements with US to drive market
                                   TABLE 231 MEXICO: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 232 MEXICO: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 233 MEXICO: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 234 MEXICO: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.4.3 US
                       13.4.3.1 Adoption of after-treatment devices in LCVs
                                   TABLE 235 US: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 236 US: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 237 US: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 238 US: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
     13.5 REST OF THE WORLD (ROW)
               FIGURE 41 ROW: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)
               TABLE 239 REST OF THE WORLD: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS)
               TABLE 240 REST OF THE WORLD: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS)
               TABLE 241 REST OF THE WORLD: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 242 REST OF THE WORLD: FLUID TRANSFER SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             13.5.1 BRAZIL
                       13.5.1.1 Trade agreements with US and Canada to propel market growth
                                   TABLE 243 BRAZIL: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 244 BRAZIL: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 245 BRAZIL: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 246 BRAZIL: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.5.2 IRAN
                       13.5.2.1 Government efforts to promote cleaner fuel vehicles
                                   TABLE 247 IRAN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 248 IRAN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 249 IRAN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 250 IRAN: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.5.3 SOUTH AFRICA
                       13.5.3.1 Launch of premium vehicles projected to drive market
                                   TABLE 251 SOUTH AFRICA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 252 SOUTH AFRICA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 253 SOUTH AFRICA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 254 SOUTH AFRICA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.5.4 ARGENTINA
                       13.5.4.1 Government to promote investments in automotive sector
                                   TABLE 255 ARGENTINA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                                   TABLE 256 ARGENTINA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                                   TABLE 257 ARGENTINA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                                   TABLE 258 ARGENTINA: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
             13.5.5 REST OF ROW
                       TABLE 259 REST OF ROW: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (‘000 UNITS)
                       TABLE 260 REST OF ROW: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (‘000 UNITS)
                       TABLE 261 REST OF ROW: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                       TABLE 262 REST OF ROW: FLUID TRANSFER SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 237)
     14.1 OVERVIEW
     14.2 FLUID TRANSFER SYSTEM MARKET SHARE ANALYSIS, 2021
               FIGURE 42 FLUID TRANSFER SYSTEM MARKET SHARE, 2021
     14.3 REVENUE ANALYSIS OF TOP PLAYERS
               FIGURE 43 REVENUE ANALYSIS IN FLUID TRANSFER SYSTEM MARKET
     14.4 COMPETITIVE EVALUATION QUADRANT
             14.4.1 TERMINOLOGY
             14.4.2 STARS
             14.4.3 PERVASIVE PLAYERS
             14.4.4 EMERGING LEADERS
             14.4.5 PARTICIPANTS
                       FIGURE 44 FLUID TRANSFER SYSTEM MANUFACTURERS: COMPETITIVE EVALUATION MATRIX FOR KEY PLAYERS, 2021
     14.5 FLUID TRANSFER SYSTEM MARKET: COMPANY FOOTPRINT
               TABLE 263 FLUID TRANSFER SYSTEM MARKET: COMPANY FOOTPRINT, 2021
               TABLE 264 FLUID TRANSFER SYSTEM MARKET: BY TYPE FOOTPRINT, 2021
               TABLE 265 FLUID TRANSFER SYSTEM MARKET: BY REGION FOOTPRINT, 2021
     14.6 COMPETITIVE BENCHMARKING
               TABLE 266 FLUID TRANSFER SYSTEM MARKET: DETAILED LIST OF KEY SMES
               TABLE 267 FLUID TRANSFER SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [SMES]
     14.7 COMPETITIVE SCENARIO
             14.7.1 PRODUCT LAUNCHES
                       TABLE 268 PRODUCT LAUNCHES, 2019-2022
             14.7.2 DEALS
                       TABLE 269 DEALS, 2019–2022
             14.7.3 EXPANSIONS, 2019–2022
                       TABLE 270 EXPANSIONS, 2019–2022
     14.8 KEY PLAYER STRATEGIES/RIGHT TO WIN
               TABLE 271 OVERVIEW OF STRATEGIES DEPLOYED BY KEY FLUID TRANSFER SYSTEM OEMS

15 COMPANY PROFILES (Page No. - 256)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
     15.1 KEY PLAYERS
             15.1.1 COOPER STANDARD
                       TABLE 272 COOPER STANDARD: BUSINESS OVERVIEW
                       FIGURE 45 COOPER STANDARD: COMPANY SNAPSHOT
                       TABLE 273 COOPER STANDARD: PRODUCTS OFFERED
                       TABLE 274 COOPER STANDARD: DEALS
             15.1.2 KONGSBERG AUTOMOTIVE
                       TABLE 275 KONGSBERG AUTOMOTIVE: BUSINESS OVERVIEW
                       FIGURE 46 KONGSBERG AUTOMOTIVE: COMPANY SNAPSHOT
                       TABLE 276 KONGSBERG AUTOMOTIVE: PRODUCT LAUNCHES
                       TABLE 277 KONGSBERG AUTOMOTIVE: DEALS
                       TABLE 278 KONGSBERG AUTOMOTIVE: OTHERS
             15.1.3 CONTINENTAL AG
                       TABLE 279 CONTINENTAL AG: BUSINESS OVERVIEW
                       FIGURE 47 CONTINENTAL AG: COMPANY SNAPSHOT
                       TABLE 280 CONTINENTAL AG: DEALS
                       TABLE 281 CONTINENTAL AG: OTHERS
             15.1.4 AKWEL
                       TABLE 282 AKWEL: BUSINESS OVERVIEW
                       FIGURE 48 AKWEL: COMPANY SNAPSHOT
                       TABLE 283 AKWEL: DEALS
                       TABLE 284 AKWEL: OTHERS
             15.1.5 TI FLUID SYSTEMS
                       TABLE 285 TI FLUID SYSTEMS: BUSINESS OVERVIEW
                       FIGURE 49 TI FLUID SYSTEMS: COMPANY SNAPSHOT
                       TABLE 286 TI FLUID SYSTEMS: PRODUCT LAUNCHES
                       TABLE 287 TI FLUID SYSTEMS: DEALS
                       TABLE 288 TI FLUID SYSTEMS: OTHERS
             15.1.6 GATES CORPORATION
                       TABLE 289 GATES CORPORATION: BUSINESS OVERVIEW
                       FIGURE 50 GATES CORPORATION: COMPANY SNAPSHOT
                       TABLE 290 GATES CORPORATION: PRODUCT LAUNCHES
             15.1.7 LANDER TUBULAR PRODUCTS
                       TABLE 291 LANDER TUBULAR PRODUCTS: BUSINESS OVERVIEW
                       TABLE 292 LANDER TUBULAR PRODUCTS: DEALS
             15.1.8 HUTCHINSON
                       TABLE 293 HUTCHINSON: BUSINESS OVERVIEW
                       TABLE 294 HUTCHINSON: DEALS
             15.1.9 TRISTONE
                       TABLE 295 TRISTONE: BUSINESS OVERVIEW
                       TABLE 296 TRISTONE: DEALS
                       TABLE 297 TRISTONE: OTHERS
             15.1.10 CASTELLO ITALIA
                       TABLE 298 CASTELLO ITALIA: BUSINESS OVERVIEW
                       TABLE 299 CASTELLO ITALIA: DEALS
     15.2 OTHER PLAYERS
             15.2.1 PIRTEK FLUID TRANSFER SOLUTIONS
                       TABLE 300 PIRTEK FLUID TRANSFER SOLUTIONS: COMPANY OVERVIEW
             15.2.2 AGS AUTOMOTIVE SOLUTIONS
                       TABLE 301 AGS AUTOMOTIVE SOLUTIONS: COMPANY OVERVIEW
             15.2.3 GRACO INC.
                       TABLE 302 GRACO INC.: COMPANY OVERVIEW
             15.2.4 BALCRANK CORPORATION, INC.
                       TABLE 303 BALCRANK CORPORATION, INC.: COMPANY OVERVIEW
             15.2.5 REELCRAFT INDUSTRIES
                       TABLE 304 REELCRAFT INDUSTRIES: COMPANY OVERVIEW
             15.2.6 SANOH INDUSTRIAL CO., LTD.
                       TABLE 305 SANOH INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
             15.2.7 MACNAUGHT PTY LTD
                       TABLE 306 MACNAUGHT PTY LTD: COMPANY OVERVIEW
             15.2.8 CALEX AUTO PVT. LTD.
                       TABLE 307 CALEX AUTO PVT. LTD.: COMPANY OVERVIEW
             15.2.9 DELFINGEN
                       TABLE 308 DELFINGEN: COMPANY OVERVIEW
             15.2.10 KROS OTOMOTIV SANAYI VE TIC A.S.
                       TABLE 309 KROS OTOMOTIV SANAYI VE TIC A.S.: COMPANY OVERVIEW
             15.2.11 PARKER HANNIFIN CORP
                       TABLE 310 PARKER HANNIFIN CORP: COMPANY OVERVIEW
             15.2.12 NEWAGE INDUSTRIES
                       TABLE 311 NEWAGE INDUSTRIES: COMPANY OVERVIEW
             15.2.13 ACCURATE PRODUCTS
                       TABLE 312 ACCURATE PRODUCTS: COMPANY OVERVIEW
             15.2.14 SIC
                       TABLE 313 SIC: COMPANY OVERVIEW
             15.2.15 SANDEN VIKAS (INDIA) LTD.
                       TABLE 314 SANDEN VIKAS (INDIA) LTD.: COMPANY OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

16 APPENDIX (Page No. - 299)
     16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.4 CUSTOMIZATION OPTIONS
             16.4.1 FLUID TRANSFER SYSTEM MARKET, BY BATTERY COOLING APPLICATION
                       16.4.1.1 BEV
                       16.4.1.2 PHEV
                       16.4.1.3 MILD HYBRID
             16.4.2 ELECTRIC & HYBRID VEHICLE FLUID TRANSFER SYSTEM MARKET, BY TYPE
                       16.4.2.1 Air suspension lines
                       16.4.2.2 AC lines
                       16.4.2.3 Battery cooling lines
                       16.4.2.4 Transmission oil cooling lines
                       16.4.2.5 Fuel lines
                       16.4.2.6 Brake lines
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the fluid transfer system market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company websites, press releases, industry association publications, Intralogistics magazine articles, directories, technical handbooks, world economic outlook, trade websites, and technical articles were used to identify and collect information useful for an extensive commercial study of the fluid transfer system market.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as CXOs; vice presidents; directors from business development, marketing, and product development/innovation teams; and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.

Primary interviews were conducted to gather insights such as fluid transfer system market forecast, current technology trends, and upcoming technologies in the fluid transfer system market. Data triangulation of all these points was carried out with the information gathered from secondary research. Stakeholders from the supply side were interviewed to understand their views on the points mentioned above.

Primary interviews were conducted with market experts from the supply side (fluid transfer system manufacturers) across the major regions, namely, Asia Pacific, Europe, North America, and Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews.

In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report. After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report:

Fluid Transfer System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the size of the fluid transfer system market. In terms of volume and type, the fluid transfer system market size is derived by estimating the country-level production of on-highway vehicles (passenger car, LCV, truck, and bus) for each vehicle type in units. The country-level penetration rate of different types of fluid transfer applications (air suspension, SCR, DPF, etc.) is multiplied by the production numbers of on-highway vehicles (based on fuel share, existing and speculated regulations, and historical trends for each vehicle type, which are referred from secondary sources and validated through industry experts). This gives the volume of fluid transfer applications in a vehicle. The fluid transfer system application volume in each vehicle type is multiplied by the average number of types of fluid transfer systems to estimate the fluid transfer system market by type (in ‘000/million units). The average selling price (ASP) of the fluid transfer system for each vehicle type is derived at the country level and validated from primary interviews. Furthermore, the country-level fluid transfer system market, by type, in terms of volume, is multiplied by the ASP of each system. The summation of the market size of all countries provides the regional-level market in terms of value.

A similar methodology was followed to estimate the fluid transfer system market for off-highway vehicles (construction, mining equipment, and agricultural tractors) and electric vehicles (BEVs, PHEVs, and FCEVs). To derive the fluid transfer system market by material, the total volume of the fluid transfer system market is multiplied by the average weight of each type of fluid transfer system. This gives the fluid transfer system market, in terms of weight, for each type. It is further multiplied by the percentage usage of each material (nylon, steel, stainless steel, aluminum, rubber, and other materials) in a fluid transfer system. This gives the total market of each material, in terms of weight, for each type of fluid transfer system. The market size, by weight, is multiplied by the average selling price of each type of material to estimate the regional-level fluid transfer system market by value. The average selling price of the materials is increased, considering the manufacturing, processing, labor, and inventory costs. This gives the total market for each material in terms of weight.

Fluid Transfer System Market: Bottom-Up Approach

Fluid Transfer System Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size of the global market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact data for the market by value for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

Report Objectives

  • To define, describe, and forecast the size of the fluid transfer system market in terms of volume (thousand units/tons) and value (USD million).
  • To understand the fluid transfer system market dynamics (drivers, restraints, opportunities, and challenges)
  • To forecast the fluid transfer system market in terms of volume and value, based on:
  • System (air suspension lines, fuel lines, AC lines, brake lines, DPF lines, SCR lines, transmission oil cooling lines, turbo coolant lines, air brake lines, and engine cooling lines)
  • Type (hoses and tubing)
  • Material (nylon, steel, stainless steel, aluminum, rubber, and other materials)
  • On-highway Vehicle Type (passenger cars, light commercial vehicles, trucks, and buses)
  • Electric & Hybrid Vehicle Type (battery electric vehicles, plug-in hybrid electric vehicles, and fuel-cell electric vehicles)
  • Off-highway Vehicle (construction equipment, mining equipment, and agricultural tractors)
  • Key Regions—Asia Pacific (China, India, Japan, South Korea, Thailand, and Rest of Asia Pacific), Europe (France, Germany, Russia, Spain, Italy, Turkey, the UK, and Rest of Europe), North America (Canada, Mexico, and the US), and RoW (Iran, Brazil, South Africa, Argentina and Rest of RoW)
  • To analyze the market share for key manufacturers operating in the market
  • To strategically analyze the market with respect to individual growth trends and prospects and determine the contribution of each segment to the total market
  • To assess the average selling price, trade statistics, patents, market ecosystem, technology analysis, and emission regulations specific to the fluid transfer system industry
  • To analyze the competitive evaluation quadrant of the global fluid transfer system manufacturers in the market according to their product portfolios, strengths, and business strategies.
  • To track and analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and R&D, in the fluid transfer system market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.

The following customization options are available for the report:

Fluid Transfer System Market, By Battery Cooling Application

  • BEV
  • PHEV
  • MILD HYBRID

Electric & Hybrid Vehicle Fluid Transfer System Market, By Type

  • Air suspension lines
  • AC lines
  • Battery cooling lines
  • Transmission oil cooling lines
  • Fuel lines
  • Brake lines
Fluid Transfer System Market Size, Share & Growth Report
Report Code
AT 7363
Published ON
Sep, 2022
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