Fluid Transfer System Market

Fluid Transfer System Market by Type (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 and Region - Global Forecast to 2025

Report Code: AT 7363 Jan, 2021, by marketsandmarkets.com

[229 Pages Report] The fluid transfer system market is projected to grow to USD 24.7 billion by 2025 from USD 17.8 billion in 2020, at a CAGR of 6.7% during the forecast period. The primary factor driving the fluid transfer system is the implementation of stringency in emission standards around the world. Further, the market growth is also driven by the increased demand for better driving comfort and in-vehicle comfort applications such as rear air conditioning. Thus, new emission standards and fuel economy parameters have compelled manufacturers to adopt fluid transfer systems to meet these standards. Also, increasing adoption of turbochargers is driving the turbo coolant lines market. The fluid transfer system is used in all vehicle types, including electric vehicles, hybrid vehicles, and plug-in hybrid vehicles. Growing sales of electric vehicles due to attractive government incentives and developments in electric powertrain technologies are expected to boost the fluid transfer system market. Considering the above-mentioned factors, the fluid transfer system market is expected to grow significantly in the coming years.

Fluid Transfer System Market

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The global automotive industry is susceptible to uncertain economic conditions that could adversely impact new vehicle demand and production. Business conditions may vary significantly from period to period or region to region. The COVID-19 pandemic created an unusually high degree of economic disruption and uncertainty during 2020. A considerable amount of economic uncertainty remains into 2021 despite advances in vaccine technology and availability. Many industries remain significantly impacted by disruptions in supply chain, reduced labor availability as well as policies, regulations, risks and concerns surrounding the novel coronavirus. The result is continued uncertainty for the broader economic outlook and for the automotive industry around the world.

Fluid transfer system Market Dynamics

Driver: Development in engine technologies and engine downsizing

The increased focus on fuel efficiency and implementation of stringent emission norms in the automotive industry have led to the replacement of bigger engines with smaller yet equally or more powerful engines. Engine downsizing enhances performance by using one or more of the following methods, namely, variable valve timing (VVT), direct fuel injection, and advanced exhaust gas recirculation (EGR). The downsized engines provide benefits including, but not limited to, reduction in NOx and CO2 emissions, reduced engine block weight, minimized fuel consumption, and decreased piston swept volume.

The underhood of the engine includes various places where the temperature measurement needs to be highly precise. This helps the engine management system ensure peak performance of all the engaged systems and lowest emission levels. Additionally, to prevent engine melt, a minuscule safety margin needs to be maintained in case the temperature exceeds the material threshold. The introduction of CAFE directives has led to smaller engine dimensions and tighter temperature tolerances. The introduction of 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, as compact engines require more air and fluid treatment, this would boost the demand for fluid transfer systems in the near future.

Restraint: Growing popularity of electric vehicles may impact ICE fluid transfer system market

With the growing popularity of pure electric vehicles due to various attractive government initiatives and stringent emission norms, battery cooling lines are expected to witness a rise in demand. For instance, according to ICCT, on April 23, 2020, China’s Ministry of Finance (MOF), Ministry of Industry and Information Technology (MIIT), Ministry of Science and Technology (MOST), and National Development and Reform Commission (NDRC) jointly released a notice on Optimizing Fiscal Subsidies for Promoting New Energy Vehicles (hereafter “the Notice”). In the Chinese context, new energy vehicles (NEVs) refer to battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs; extended-range electric vehicles included), and fuel cell electric vehicles (FCVs). 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, as a way to stimulate the automobile market, which has been severely impacted by the COVID-19 pandemic and the global downturn of the auto industry since 2018. Thus, demand for fluid transfer lines for ICE vehicles, such as turbo coolant lines and engine cooling lines, may get impacted negatively in the coming years.

Disruptions in the supply chain could have an adverse effect on fluid transfer market

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

Challenges: Microchip and other shortages

The COVID-19 pandemic has precipitated a number of material shortages and supply chain disruptions. The most notable for the automotive industry being the microchip shortage that started in 2020 and continued throughout 2021. For the most part, the fluid transfer system manufacturers are impacted only indirectly by these shortages. For example, when OEMs are unable to obtain microchips (or components that include microchips), they slow, reduce, or suspend their vehicle production and, in turn, adjust orders (releases) for fluid transfer system products, sometimes at short notice. Lower production volumes reduced revenues and margins. Order volatility compounded the problem by creating supply chain difficulties and driving extra costs and working capital.

The lagging impact of these shortages and disruptions is reflected in 2021 light vehicle production volume which was only marginally higher than 2020 (by 3.4%) and was 14.5% lower in the second half of 2021 compared to the second half of 2020. By comparison, light vehicle production volume in 2021 was 13.3% lower than 2019 (before COIVD-19 and the shortages).

Production volume forecasts for 2022 and 2023 reflect the general industry expectation that the supply of microchips and other key materials will gradually stabilise and improve throughout 2022, especially during the second half of the year. Nonetheless, significant uncertainty remains with cautious messaging from key microchip manufacturers and potential impacts of the Russia-Ukraine conflict.

Fluid transfer system Market Ecosystem

Fluid Transfer System Market by Ecosystem

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SCR line is expected to be the fastest-growing segment of the fluid transfer system market, by equipment type, during the forecast period

SCR lines market is expected to register the fastest growth during the forecast period. Passenger cars and LCVs diesel vehicles with engine capacity of over two liters are also getting equipped with SCRs as they emit more NOx than with smaller engine capacities. Moreover, due to the ongoing and upcoming stringent emission norms in developing countries, lower consumption of fuel, and lesser CO2 emissions, the demand for SCRs is expected to increase significantly across all vehicle types by 2025 at a global level and subsequently propel the market for SCR lines. Stringent Euro 5 emission standards have compelled automakers to adopt SCR lines in their vehicles, mainly in Europe. A study conducted by the European Association of Transport & Environment explained that SCR is the most effective technology to reduce vehicular emissions. Various car manufacturers, such as PSA Peugeot Citroλn, have decided to implement their SCR lines before DPF lines.

Battery electric vehicles (BEVs) is the largest segment in the fluid transfer system market, by electric & hybrid vehicle type

Due to attractive government policies, BEV sales have grown considerably and expected to grow significantly in the coming years. BEVs employ lines such as air suspension lines, AC lines, brake lines, and battery cooling lines. Growing BEV sales in Asia Pacific, particularly in China, is expected to significantly drive BEV fluid transfer system market. Implementation of government subsidies to support sales of BEVs is expected to boost the BEV fluid transfer system market.Thus, with growing sales, BEV fluid transfer system is expected to grow in the future.

In the type segment, tubing is expected to be the fastest-growing segment, during the forecast period

Tubing is typically rigid and made of steel or stainless steel. It is used for turbo coolant lines, transmission oil cooling lines, turbo coolant lines, etc. Stainless steel is used for tubing purposes because of its benefits such as corrosion resistance, high-temperature oxidation, durability, and hardness. As the emission norms implementation are getting stringent, automakers are adoption technologies such as turbochargers, after-treatment devices. This will increasing adoption of these, turbo coolant tubing, SCR tubing, DPF tubing is expected to grow in the future.

Asia Pacific is expected to account for the largest market size during the forecast period.

Asia Pacific is expected to be the largest market in the forecast period. This is mainly due to the the implementation of stringent emission standards such as BS VI, China 6a & 6b. This has compelled OEMs to adopt 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. China has the largest market for TGDI or GDI engines in the world. Also, growing sales of premium vehicles have driven growth of front & rear AC conditioning system. Also, increasing vehicle production, with Asia Pacific leading among other regions, Asia Pacific is expected to be the largest in the coming years.

Asia Pacific: Fluid Transfer System Market

Fluid Transfer System Market by Region

Key Market Players

The fluid transfer system market is dominated by global players and comprises several regional players as well. The key players in the fluid transfer system market are Cooper Standard (US), Kongsberg (Switzerland), Contitech (Germany), Akwel (France), and TI fluid systems (UK).

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2025

Base Year Considered

2019

Forecast Period

2020–2025

Forecast Units

Value (USD million) and Volume (000’ units)

Segments Covered

Fluid transfer system by Equipment Type, Material, Type, Vehicle Type, Off-Highway Vehicle Type, Electric & Hybrid vehicle, and Region

Geographies Covered

Asia Pacific, Europe, North America, and RoW

Companies Covered

Cooper-Standard (US), Contitech (Germany), Akwel (France), Hutchinson (France), and TI fluid systems (UK)
Total 20 major players covered

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

By Equipment Type

  • 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 March 2022, Kongsberg Automotive’s Fluid Transfer Systems (FTS) business unit secured a contract worth USD 64 million. The four-year contract covers Kongsberg Automotive’s Fluoro-Comp hose, and stainless-steel braided PTFE brake lines for a global automotive Tier 1 supplier based in North America.
  • In November 2021, TI Fluid Systems (TIFS) was awarded an extended supply contract for providing fluid control systems for the global Mercedes-Benz AG programs C-Class, GLC and E-Class hybrid electric vehicles (HEV).
  • In May 2021, TI Fluid Systems had introduced an innovative approach for coolant fluid management on electrified vehicles. The new technology is an Integrated Thermal Manifold assembly (ITMa) that provides a one-piece, light-weight, blow-molded plastic manifold to optimize complex line design and replaces multiple line bundle assemblies of thermal loops for heating and cooling on next generation of electric vehicles.
  • In July 2020, Cooper Standard Holdings Inc. completed the divestiture of its European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations, to Mutares SE & Co. KGaA. After this divestiture, the company will operate 21 production facilities in 8 countries in Europe and 18 manufacturing facilities across China and Korea
  • In 2018, Kongsberg Automotive developed a high-temperature hose range for the automotive market. Moreover, the company received an award from two passenger car manufacturers for battery coolant lines.
  • In July 2019, Continental reached an agreement with Merlett Group, based in Daverio, Italy, on the purchase of its flexible hose business. With this acquisition, Continental expanded its material expertise beyond rubber, particularly with regard to high-performance thermoplastics technologies and solutions.
  • In November 2020, TI Fluid Systems (TIFS) started high-volume production of new thermal products, assemblies, and technology for the new Volkswagen ID.3 and ID.4 battery electric vehicles. The company is offering its heat pump technology using R744 (also called CO2) refrigerant provides both heating and cooling for the cabin comfort and operates at a higher efficiency in certain conditions for significant battery range extension. TI Fluid Systems will also be supplying the Chassis Thermal Coolant Loop Line Assemblies that are manufactured in various materials, including lightweight engineered polymers. TI Fluid Systems commissioned a new plant in Tangier, Morocco, for the battery electric vehicle market. This plant supplies finished hoses to Tauste, Spain, for final assembly and verification tests.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           TABLE 1 MARKET DEFINITIONS
    1.3 INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 MARKETS COVERED
                    FIGURE 1 FLUID TRANSFER SYSTEM MARKET SEGMENTATION
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    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,  & REGION
                    2.1.2.1 List of primary participants
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 6 FLUID TRANSFER SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (ON-HIGHWAY VEHICLE AND REGION)
                    FIGURE 7 MARKET SIZE: BOTTOM-UP APPROACH (ELECTRIC AND OFF-HIGHWAY VEHICLE)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 8 MARKET SIZE: TOP-DOWN APPROACH (FLUID TRANSFER SYSTEM TYPE)
                    FIGURE 9 MARKET: RESEARCH DESIGN & METHODOLOGY
                    FIGURE 10 MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF REVENUE ESTIMATION
           2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
    2.3 DATA TRIANGULATION
           FIGURE 11 DATA TRIANGULATION METHODOLOGY
    2.4 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS
           2.5.1 GLOBAL ASSUMPTIONS
           2.5.2 MARKET ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 50)
    3.1 PRE-& POST COVID-19 SCENARIO
           FIGURE 12 PRE & POST COVID-19 SCENARIO: FLUID TRANSFER SYSTEM MARKET,  2018-2025 (USD MILLION)
           TABLE 2 MARKET: PRE VS. POST COVID-19 SCENARIO,  2018–2025 (USD MILLION)
    3.2 EXECUTIVE SUMMARY
           FIGURE 13 FLUID TRANSFER SYSTEM: MARKET OUTLOOK
           FIGURE 14 MARKET, BY REGION, 2020 VS. 2025(USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES IN FLUID TRANSFER SYSTEM MARKET
           FIGURE 15 STRINGENT EMISSION NORMS ARE DRIVING THE FLUID TRANSFER MARKET
    4.2 MARKET, BY EQUIPMENT TYPE
           FIGURE 16 AC LINES SEGMENT EXPECTED TO LEAD THE MARKET,  BY EQUIPMENT TYPE, 2020 VS. 2025 (USD MILLION)
    4.3 MARKET, BY MATERIAL
           FIGURE 17 RUBBER SEGMENT EXPECTED TO HAVE THE LARGEST MARKET SHARE,  BY MATERIAL TYPE, 2020 VS. 2025 (USD MILLION)
    4.4 MARKET, BY TYPE
           FIGURE 18 HOSES SEGMENT EXPECTED TO LEAD THE MARKET,  BY TYPE, 2020 VS. 2025 (USD MILLION)
    4.5 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY  VEHICLE TYPE
           FIGURE 19 PASSENGER CAR SEGMENT EXPECTED TO LEAD THE MARKET, BY ON-HIGHWAY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
    4.6 MARKET, BY ELECTRIC & HYBRID VEHICLE
           FIGURE 20 BEV SEGMENT EXPECTED TO LEAD THE MARKET,  BY ELECTRIC & HYBRID VEHICLE, 2020 VS. 2025 (USD MILLION)
    4.7 MARKET, BY OFF-HIGHWAY VEHICLE
           FIGURE 21 AGRICULTURE TRACTORS EXPECTED TO LEAD THE FLUID TRANSFER SYSTEM MARKET SHARE, BY OFF-HIGHWAY VEHICLE, 2020 VS. 2025 (USD MILLION)
    4.8 MARKET, BY REGION
           FIGURE 22 ASIA PACIFIC EXPECTED TO HOLD THE LARGEST SHARE OF THE MARKET DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION
    5.2 YEARS CONSIDERED FOR THE STUDY
    5.3 MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Increase in stringency in tailpipe emission limits
                               5.3.1.1.1 Updated engine technologies and engine downsizing
                               5.3.1.1.2 Stringent emission norms to mandate aftertreatment devices
                               FIGURE 23 AFTERTREATMENT DEVICE MARKET SIZE, SCR VS DPF LINES,  2020-2025 (USD BILLION)
                    5.3.1.2 Increasing vehicle production
                               FIGURE 24 INCREASING VEHICLE PRODUCTION, 2015–2019 (‘000 UNITS)
                               FIGURE 25 INCREASING ELECTRIC VEHICLE SALES, 2020 VS. 2025 (‘000 UNITS)
           5.3.2 RESTRAINTS
                    5.3.2.1 Growing popularity of electric vehicles may impact ICE fluid transfer system market
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Vehicle electrification/alternate fuel vehicles anticipated to create new revenue pockets
                               TABLE 3 OVERVIEW OF EMISSION REGULATION SPECIFICATIONS FOR PASSENGER CARS
                               TABLE 4 EMISSION NORMS SPECIFICATIONS IN KEY COUNTRIES FOR PASSENGER CARS
                    5.3.3.2 Increasing demand for lightweight vehicle parts
                               TABLE 5 WEIGHT REDUCTION GOALS FOR LIGHT DUTY VEHICLES
                               TABLE 6 FUTURE WEIGHT REDUCTION TARGETS, BY COMPONENT, 2025 VS. 2050
           5.3.4 CHALLENGES
                    5.3.4.1 Demand for high durability products
                    5.3.4.2 Impact of COVID-19
    5.4 FLUID TRANSFER SYSTEM MARKET: SCENARIO ANALYSIS
           FIGURE 26 MARKET: COVID-19 SCENARIOS ANALYSIS
           5.4.1 MOST LIKELY/REALISTIC SCENARIO
                    TABLE 7 MARKET, (REALISTIC SCENARIO), BY REGION,  2018–2025 (USD MILLION)
           5.4.2 HIGH COVID-19 IMPACT SCENARIO
                    TABLE 8 MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (USD MILLION)
           5.4.3 LOW COVID-19 IMPACT SCENARIO
                    TABLE 9 MARKET (LOW COVID-19 IMPACT SCENARIO),  BY REGION, 2018–2025 (USD MILLION)
    5.5 ECOSYSTEM
           FIGURE 27 ECOSYSTEM: FLUID TRANSFER SYSTEM MARKET
    5.6 VALUE CHAIN ANALYSIS
    5.7 SUPPLY CHAIN ANALYSIS
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 GATES INTRODUCES NEW HYDRAULIC AND INNOVATIVE HYDRAULIC HOSE FOR FLUID POWER APPLICATIONS
           5.8.2 TI FLUID SYSTEMS SUPPLIES VOLKSWAGEN ID.3 AND ID.4 BATTERY ELECTRIC VEHICLES WITH INDUSTRY-FIRST THERMAL TECHNOLOGY
    5.9 PRICING ANALYSIS
    5.10 PATENT ANALYSIS
           TABLE 10 IMPORTANT INNOVATION & PATENT ANALYSIS, 2002-2014
    5.11 REGULATORY LANDSCAPE
                    TABLE 11 EURO-5 VS. EURO-6 VEHICLE EMISSION STANDARDS ON THE NEW EUROPEAN  DRIVING CYCLE
    5.12 CASE STUDY
    5.13 PORTER’S FIVE FORCES
           5.13.1 INTENSITY OF COMPETITIVE RIVALRY
           5.13.2 THREAT OF NEW ENTRANTS
           5.13.3 THREAT OF SUBSTITUTES
           5.13.4 BARGAINING POWER OF SUPPLIERS
           5.13.5 BARGAINING POWER OF BUYERS

6 FLUID TRANSFER SYSTEM MARKET, BY EQUIPMENT TYPE (Page No. - 83)
    6.1 INTRODUCTION
           6.1.1 RESEARCH METHODOLOGY
           6.1.2 ASSUMPTIONS
           6.1.3 INDUSTRY INSIGHTS
                    FIGURE 28 MARKET, BY EQUIPMENT TYPE,  2020 VS. 2025 (USD MILLION)
                    TABLE 12 MARKET, BY EQUIPMENT TYPE, 2018–2025 (‘000 UNITS)
                    TABLE 13 MARKET, BY EQUIPMENT TYPE, 2018–2025 (USD MILLION)
    6.2 AIR SUSPENSION LINES
           6.2.1 BENEFITS LIKE HIGH CHEMICAL & HEAT RESISTANCE EXPECTED TO DRIVE THE SEGMENT
                    TABLE 14 AIR SUSPENSION LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION,  2018–2025 (‘000 UNITS)
                    TABLE 15 AIR SUSPENSION LINES: MARKET, BY REGION,  2018–2025 (USD MILLION)
    6.3 FUEL LINES
           6.3.1 DEVELOPMENTS IN NYLON MATERIAL EXPECTED TO DRIVE DEMAND
                    TABLE 16 FUEL LINES: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 17 FUEL LINES: MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.4 BRAKE LINES
           6.4.1 GROWING PENETRATION OF EBS EXPECTED TO DRIVE THE SEGMENT
                    TABLE 18 BRAKE LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 19 BRAKE LINES: MARKET, BY REGION,  2018–2025 (USD MILLION)
    6.5 AC LINES
           6.5.1 INCREASING DEMAND FOR REAR AIR CONDITIONING TO DRIVE DEMAND
                    TABLE 20 AC LINES: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 21 AC LINES: MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.6 DIESEL PARTICULATE FILTER (DPF) LINES
           6.6.1 IMPLEMENTATION OF STRINGENT EMISSION STANDARDS TO DRIVE DEMAND
                    TABLE 22 DPF LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 23 DPF LINES: MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.7 SELECTIVE CATALYTIC REDUCTION (SCR) LINES
           6.7.1 INCREASING OEM ADOPTION EXPECTED TO DRIVE DEMAND
                    TABLE 24 SCR LINES: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 25 SCR LINES: MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.8 TRANSMISSION OIL COOLING LINES
           6.8.1 INCREASING ADOPTION OF AUTOMATIC TRANSMISSION TO DRIVE DEMAND
                    TABLE 26 TRANSMISSION OIL COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 27 TRANSMISSION OIL COOLING LINES: MARKET, BY REGION,  2018–2025 (USD MILLION)
    6.9 TURBO COOLANT LINES
           6.9.1 INCREASING ADOPTION OF TURBOCHARGERS IN PASSENGER CARS TO DRIVE DEMAND
                    TABLE 28 TURBO COOLANT LINES: MARKET, BY REGION,  2018–2025 (‘000 UNITS)
                    TABLE 29 TURBO COOLANT LINES: MARKET, BY REGION,  2018–2025 (USD MILLION)
    6.10 ENGINE COOLING LINES
           6.10.1 DEMAND FOR ENHANCED SAFETY EXPECTED TO DRIVE THE SEGMENT
                    TABLE 30 ENGINE COOLING LINES: FLUID TRANSFER SYSTEM MARKET, BY REGION,  2018–2025 (‘000 UNITS)
                    TABLE 31 ENGINE COOLING LINES: MARKET, BY REGION,  2018–2025 (USD MILLION)
    6.11 AIR BRAKE LINES
           6.11.1 ENHANCED SAFETY AND RELIABILITY TO DRIVE DEMAND
                    TABLE 32 AIR BRAKE LINES: MARKET, BY REGION,  2018–2025 (‘000 UNITS)
                    TABLE 33 AIR BRAKE LINES: MARKET, BY REGION,  2018–2025 (USD MILLION)

7 FLUID TRANSFER SYSTEM MARKET, BY TYPE (Page No. - 98)
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
           7.1.3 INDUSTRY INSIGHTS
                    FIGURE 29 MARKET, BY TYPE, 2020 VS. 2025 (USD MILLION)
                    TABLE 34 MARKET, BY TYPE, 2018–2025 (MILLION UNITS)
                    TABLE 35 MARKET, BY TYPE, 2018–2025 (USD MILLION)
    7.2 HOSES
           7.2.1 BENEFITS SUCH AS FLEXIBILITY, RESILIENCY, AND WEATHERABILITY DRIVING THE SEGMENT
                    TABLE 36 HOSES: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 37 HOSES: MARKET, BY REGION, 2018–2025 (USD MILLION)
    7.3 TUBING
           7.3.1 INCREASING USAGE OF TURBO COOLANT LINES AND SCR LINES EXPECTED TO DRIVE THE SEGMENT
                    TABLE 38 TUBING: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 39 TUBING: MARKET, BY REGION, 2018–2025 (USD MILLION)

8 FLUID TRANSFER SYSTEM MARKET, BY MATERIAL (Page No. - 103)
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS
           8.1.3 INDUSTRY INSIGHTS
                    FIGURE 30 MARKET, BY MATERIAL, 2020 VS. 2025 (USD MILLION)
                    TABLE 40 MARKET, BY MATERIAL, 2018–2025 (TONS)
                    TABLE 41 MARKET, BY MATERIAL, 2018–2025 (USD MILLION)
    8.2 NYLON
           8.2.1 BENEFITS SUCH AS CORROSION RESISTANCE AND GROWING POPULARITY OF AIR BRAKE LINES WILL INCREASE NYLON USAGE
                    TABLE 42 NYLON: MARKET, BY REGION, 2018–2025 (TONS)
                    TABLE 43 NYLON: MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.3 STAINLESS STEEL
           8.3.1 LIGHTWEIGHT TREND EXPECTED TO DRIVE USAGE OF STAINLESS STEEL
                    TABLE 44 STAINLESS STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2025 (TONS)
                    TABLE 45 STAINLESS STEEL: MARKET, BY REGION,  2018–2025 (USD MILLION)
    8.4 ALUMINUM
           8.4.1 GROWING ADOPTION OF REAR AC SYSTEMS EXPECTED TO DRIVE THE DEMAND FOR ALUMINUM
                    TABLE 46 ALUMINUM: MARKET, BY REGION, 2018–2025 (TONS)
                    TABLE 47 ALUMINUM: MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.5 STEEL
           8.5.1 EASY AVAILABILITY AND COST-ECONOMY OF STEEL DRIVING DEMAND
                    TABLE 48 STEEL: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2025 (TONS)
                    TABLE 49 STEEL: MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.6 RUBBER
           8.6.1 LOW PRICE WITH TEMPERATURE SUSTAINABILITY PROPERTY IS LIKELY TO FUEL THE DEMAND FOR RUBBER
                    TABLE 50 RUBBER: MARKET, BY REGION, 2018–2025 (TONS)
                    TABLE 51 RUBBER: MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.7 OTHER MATERIALS
           8.7.1 BENEFITS SUCH AS DESIGN FLEXIBILITY AND DURABILITY EXPECTED TO DRIVE USAGE OF OTHER MATERIALS
                    TABLE 52 OTHERS: MARKET, BY REGION, 2018–2025 (TONS)
                    TABLE 53 OTHERS: MARKET, BY REGION, 2018–2025 (USD MILLION)

9 FLUID TRANSFER SYSTEM MARKET, BY ON-HIGHWAY VEHICLE (Page No. - 113)
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS
           9.1.3 INDUSTRY INSIGHTS
                    FIGURE 31 MARKET, BY ON-HIGHWAY VEHICLE TYPE,  2020 VS. 2025 (USD MILLION)
                    TABLE 54 MARKET, BY ON-HIGHWAY VEHICLE TYPE,  2018–2025 (‘000 UNITS)
                    TABLE 55 MARKET, BY ON-HIGHWAY VEHICLE TYPE,  2018–2025 (USD MILLION)
    9.2 PASSENGER CAR
           9.2.1 INCREASING ADOPTION OF TGDI EXPECTED TO DRIVE THE SEGMENT
                    TABLE 56 PASSENGER CAR: FLUID TRANSFER SYSTEM MARKET, BY REGION,  2018–2025 (‘000 UNITS)
                    TABLE 57 PASSENGER CAR: MARKET, BY REGION,  2018–2025 (USD MILLION)
    9.3 LIGHT COMMERCIAL VEHICLE (LCV)
           9.3.1 ADOPTION OF AUTOMATIC TRANSMISSION & TURBOCHARGERS EXPECTED TO THE SEGMENT
                    TABLE 58 LCV: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 59 LCV: MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.4 TRUCK
           9.4.1 INCREASING USAGE OF SCR AND DPF EXPECTED TO DRIVE THE SEGMENT
                    TABLE 60 TRUCK: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 61 TRUCK: FLUID TRANSFER SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.5 BUS
           9.5.1 INCREASING ADOPTION OF AIR BRAKE SYSTEMS EXPECTED TO DRIVE THE SEGMENT
                    TABLE 62 BUS: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                    TABLE 63 BUS: MARKET, BY REGION, 2018–2025 (USD MILLION)

10 FLUID TRANSFER SYSTEM MARKET, BY ELECTRIC & HYBRID VEHICLE (Page No. - 121)
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS
             10.1.3 INDUSTRY INSIGHTS
                       FIGURE 32 MARKET, BY ELECTRIC & HYBRID VEHICLE,  2020 VS. 2025 (USD MILLION)
                       TABLE 64 MARKET, BY ELECTRIC & HYBRID VEHICLE,  2018–2025 (‘000 UNITS)
                       TABLE 65 MARKET, BY ELECTRIC & HYBRID VEHICLE,  2018–2025 (USD MILLION)
     10.2 BATTERY ELECTRIC VEHICLE (BEV)
             10.2.1 STRINGENCY IN EMISSION STANDARDS AND GROWTH IN BEV SALES EXPECTED TO DRIVE THE MARKET
                       TABLE 66 BEV: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                       TABLE 67 BEV: MARKET, BY REGION, 2018–2025 (USD MILLION)
     10.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
             10.3.1 VARIOUS PHEV MODEL LAUNCHES EXPECTED TO DRIVE THE MARKET
                       TABLE 68 PHEV: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                       TABLE 69 PHEV: MARKET, BY REGION, 2018–2025 (USD MILLION)
     10.4 FUEL CELL ELECTRIC VEHICLE (FCEV)
             10.4.1 INVESTMENTS BY GOVERNMENTS AND PRIVATE COMPANIES TO PROMOTE FUEL CELL TECHNOLOGY EXPECTED TO DRIVE THE MARKET
                       TABLE 70 FCEV: MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                       TABLE 71 FCEV: MARKET, BY REGION, 2018–2025 (USD MILLION)

11 FLUID TRANSFER SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE (Page No. - 127)
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
             11.1.3 INDUSTRY INSIGHTS
                       FIGURE 33 MARKET, BY OFF-HIGHWAY VEHICLE,  2020 VS. 2025 (USD MILLION)
                       TABLE 72 MARKET, BY OFF-HIGHWAY VEHICLE,  2018–2025 (MILLION UNITS)
                       TABLE 73 MARKET, BY OFF-HIGHWAY VEHICLE,  2018–2025 (USD MILLION)
     11.2 AGRICULTURE TRACTORS
             11.2.1 SUBSIDIES/LOAN WAIVERS ARE BOOSTING TRACTOR SALES
                       TABLE 74 AGRICULTURE TRACTORS: MARKET, BY REGION,  2018–2025 (MILLION UNITS)
                       TABLE 75 AGRICULTURE TRACTORS: MARKET, BY REGION,  2018–2025 (USD MILLION)
     11.3 CONSTRUCTION EQUIPMENT
             11.3.1 INCREASING INDUSTRIALIZATION AND CONSTRUCTION ACTIVITIES EXPECTED TO DRIVE DEMAND
                       TABLE 76 CONSTRUCTION EQUIPMENT: MARKET, BY REGION,  2018–2025 (MILLION UNITS)
                       TABLE 77 CONSTRUCTION EQUIPMENT: MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.4 MINING EQUIPMENT
             11.4.1 INCREASING MINING ACTIVITIES EXPECTED TO DRIVE DEMAND
                       TABLE 78 MINING EQUIPMENT: MARKET, BY REGION,  2018–2025 (MILLION UNITS)
                       TABLE 79 MINING EQUIPMENT: MARKET, BY REGION,  2018–2025 (USD MILLION)

12 FLUID TRANSFER SYSTEM MARKET, BY REGION (Page No. - 134)
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS
             12.1.3 INDUSTRY INSIGHTS
                       FIGURE 34 MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
                       TABLE 80 MARKET, BY REGION, 2018–2025 (‘000 UNITS)
                       TABLE 81 MARKET, BY REGION, 2018–2025 (USD MILLION)
     12.2 ASIA PACIFIC
               FIGURE 35 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 82 ASIA PACIFIC: MARKET, BY COUNTRY,  2018–2025 (‘000 UNITS)
               TABLE 83 ASIA PACIFIC: MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
             12.2.1 CHINA
                       12.2.1.1 Growing popularity of TGDI expected to drive the market
                                   TABLE 84 CHINA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 85 CHINA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.2.2 INDIA
                       12.2.2.1 Stringent emission standards and growing BEV sales to drive the market
                                   TABLE 86 INDIA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 87 INDIA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.2.3 JAPAN
                       12.2.3.1 Popularity of automatic transmission to drive the market
                                   TABLE 88 JAPAN: FLUID TRANSFER SYSTEM MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 89 JAPAN: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.2.4 SOUTH KOREA
                       12.2.4.1 Increasing gasoline models expected to drive the market
                                   TABLE 90 SOUTH KOREA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 91 SOUTH KOREA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.2.5 THAILAND
                       12.2.5.1 Stringent emission norms expected to drive the market
                                   TABLE 92 THAILAND: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 93 THAILAND: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.2.6 REST OF ASIA PACIFIC
                       TABLE 94 REST OF ASIA PACIFIC: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                       TABLE 95 REST OF ASIA PACIFIC: FLUID TRANSFER SYSTEM MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
     12.3 EUROPE
               FIGURE 36 EUROPE: MARKET SNAPSHOT,  2020 VS. 2025 (USD MILLION)
               TABLE 96 EUROPE: MARKET, BY COUNTRY, 2018–2025 (‘000 UNITS)
               TABLE 97 EUROPE: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             12.3.1 GERMANY
                       12.3.1.1 Decline in diesel vehicles expected to impact the market
                                   TABLE 98 GERMANY: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 99 GERMANY: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.3.2 FRANCE
                       12.3.2.1 Increasing adoption of rear AC lines to drive the market
                                   TABLE 100 FRANCE: FLUID TRANSFER SYSTEM MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 101 FRANCE: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.3.3 RUSSIA
                       12.3.3.1 Growing popularity of premium vehicles expected to drive the market
                                   TABLE 102 RUSSIA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 103 RUSSIA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.3.4 SPAIN
                       12.3.4.1 Recent implementation of Euro 6 norms to drive the market
                                   TABLE 104 SPAIN: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 105 SPAIN: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.3.5 UK
                       12.3.5.1 Increasing sales of gasoline vehicles expected to drive the market
                                   TABLE 106 UK: MARKET, BY EQUIPMENT TYPE, 2018–2025 (‘000 UNITS)
                                   TABLE 107 UK: MARKET, BY EQUIPMENT TYPE, 2018–2025 (USD MILLION)
             12.3.6 TURKEY
                       12.3.6.1 Growing presence of foreign luxury automakers to drive the market
                                   TABLE 108 TURKEY: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 109 TURKEY: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.3.7 ITALY
                       12.3.7.1 Preference for premium passenger cars to drive the market
                                   TABLE 110 ITALY: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 111 ITALY: FLUID TRANSFER SYSTEM MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.3.8 REST OF EUROPE
                       TABLE 112 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                       TABLE 113 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
     12.4 NORTH AMERICA
               FIGURE 37 NORTH AMERICA: MARKET, BY COUNTRY, 2020 VS. 2025 (USD MILLION)
               TABLE 114 NORTH AMERICA: MARKET, BY COUNTRY,  2018–2025 (‘000 UNITS)
               TABLE 115 NORTH AMERICA: MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
             12.4.1 CANADA
                       12.4.1.1 Emission standards for large-sized gasoline vehicles to drive the market
                                   TABLE 116 CANADA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 117 CANADA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.4.2 MEXICO
                       12.4.2.1 Free trade agreements with US to drive the market
                                   TABLE 118 MEXICO: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 119 MEXICO: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.4.3 US
                       12.4.3.1 Adoption of aftertreatment devices in LCVs to drive the market
                                   TABLE 120 US: FLUID TRANSFER SYSTEM MARKET, BY EQUIPMENT TYPE, 2018–2025 (‘000 UNITS)
                                   TABLE 121 US: MARKET, BY EQUIPMENT TYPE, 2018–2025 (USD MILLION)
     12.5 REST OF THE WORLD (ROW)
               FIGURE 38 ROW: MARKET, BY COUNTRY,  2020 VS. 2025 (USD MILLION)
               TABLE 122 ROW: MARKET, BY COUNTRY, 2018–2025 (‘000 UNITS)
               TABLE 123 ROW: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             12.5.1 BRAZIL
                       12.5.1.1 Trade agreements with US and Canada expected to drive the market
                                   TABLE 124 BRAZIL: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 125 BRAZIL: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.5.2 IRAN
                       12.5.2.1 Government efforts to promote cleaner fuel vehicles expected to drive the market
                                   TABLE 126 IRAN: MARKET, BY EQUIPMENT TYPE, 2018–2025 (‘000 UNITS)
                                   TABLE 127 IRAN: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.5.3 SOUTH AFRICA
                       12.5.3.1 Launch of premium vehicles expected to drive the market
                                   TABLE 128 SOUTH AFRICA: FLUID TRANSFER SYSTEM MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 129 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2018–2025 (USD MILLION)
             12.5.4 ARGENTINA
                       12.5.4.1 Government plans to strengthen automobile investments to drive the market
                                   TABLE 130 ARGENTINA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                                   TABLE 131 ARGENTINA: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)
             12.5.5 REST OF ROW
                       TABLE 132 REST OF ROW: FLUID TRANSFER SYSTEM MARKET, BY EQUIPMENT TYPE,  2018–2025 (‘000 UNITS)
                       TABLE 133 REST OF ROW: MARKET, BY EQUIPMENT TYPE,  2018–2025 (USD MILLION)

13 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 178)
     13.1 ASIA PACIFIC IS A POTENTIAL MARKET FOR FLUID TRANSFER SYSTEMS
     13.2 COMPANIES SHOULD INCREASE FOCUS ON LIGHTWEIGHT YET HIGHLY EFFECTIVE MATERIALS
     13.3 GROWING DEMAND OF ELECTRIC VEHICLES DRIVING FLUID TRANSFER SYSTEM MARKET
     13.4 CONCLUSION

14 COMPETITIVE LANDSCAPE (Page No. - 180)
     14.1 INTRODUCTION
     14.2 STAR
     14.3 EMERGING LEADER
     14.4 PERVASIVE
     14.5 PARTICIPANT
     14.6 COMPETITIVE LEADERSHIP MAPPING: FLUID TRANSFER SYSTEM MANUFACTURERS
             14.6.1 COMPETITIVE BENCHMARKING
                       14.6.1.1 Company-wise product offering analysis
                       14.6.1.2 Company-wise business strategy analysis
     14.7 MARKET EVALUATION FRAMEWORK
               FIGURE 39 MARKET EVALUATION FRAMEWORK: FLUID TRANSFER SYSTEM MARKET
     14.8 FLUID TRANSFER SYSTEM: MARKET SHARE ANALYSIS
               FIGURE 40MARKET SHARE, 2019
     14.9 REVENUE ANALYSIS OF TOP 5 PLAYERS
               FIGURE 41 FLUID TRANSFER SYSTEM REVENUE ANALYSIS, 2017-2019
     14.10 KEY PLAYER STRATEGIES/RIGHT TO WIN
               FIGURE 42 KEY GROWTH STRATEGIES BY FLUID TRANSFER SYSTEM MANUFACTURERS, 2018–2020
     14.11 COMPETITIVE SCENARIO
               14.11.1 NEW PRODUCT DEVELOPMENT
                                   TABLE 134 NEW PRODUCT DEVELOPMENTS
               14.11.2 ACQUISITION/PARTNERSHIP/COLLABORATION
                                   TABLE 135 ACQUISITIONS/PARTNERSHIPS/COLLABORATIONS
               14.11.3 EXPANSION
                                   TABLE 136 EXPANSIONS
               14.11.4 JOINT VENTURES/SUPPLY CONTRACTS
                                   TABLE 137 JOINT VENTURES/SUPPLY CONTRACT

15 COMPANY PROFILES (Page No. - 192)
(Business overview, Products offered, Recent Developments, MNM view)*
     15.1 COOPER STANDARD
               FIGURE 43 COOPER STANDARD: COMPANY SNAPSHOT
               TABLE 138 COOPER STANDARD: ORGANIC DEVELOPMENTS
               TABLE 139 COOPER STANDARD: INORGANIC DEVELOPMENTS
     15.2 KONGSBERG AUTOMOTIVE
               FIGURE 44 KONGSBERG AUTOMOTIVE: COMPANY SNAPSHOT
               TABLE 140 KONGSBERG AUTOMOTIVE: ORGANIC DEVELOPMENTS
     15.3 CONTITECH
               FIGURE 45 CONTITECH: COMPANY SNAPSHOT
               TABLE 141 CONTITECH: ORGANIC DEVELOPMENTS
               TABLE 142 CONTITECH: INORGANIC DEVELOPMENTS
     15.4 AKWEL
               FIGURE 46 AKWEL: COMPANY SNAPSHOT
     15.5 TI FLUID SYSTEMS
               FIGURE 47 TI FLUID SYSTEMS: COMPANY SNAPSHOT
               TABLE 143 TI FLUID SYSTEMS: INORGANIC DEVELOPMENTS
     15.6 LANDER AUTOMOTIVE
     15.7 HUTCHINSON
               FIGURE 48 HUTCHINSON: COMPANY SNAPSHOT
               TABLE 144 HUTCHINSON: INORGANIC DEVELOPMENTS
     15.8 TRISTONE
               TABLE 145 TRISTONE: ORGANIC DEVELOPMENTS
               TABLE 146 TRISTONE: INORGANIC DEVELOPMENTS
     15.9 CASTELLO ITALIA
     15.10 GATES CORPORATION
               FIGURE 49 GATES CORPORATION: COMPANY SNAPSHOT
               TABLE 147 GATES CORPORATION: ORGANIC DEVELOPMENTS
     15.11 ADDITIONAL COMPANIES
               15.11.1 NORTH AMERICA
                          15.11.1.1 Pirtek fluid transfer solutions
                          15.11.1.2 AGS
                          15.11.1.3 Graco, Inc.
                          15.11.1.4 Balcrank corporation, INC.
                          15.11.1.5 Reelcraft
               15.11.2 ASIA PACIFIC
                          15.11.2.1 Sanoh Industrial Co., Ltd.
                          15.11.2.2 Macnaught Pty Ltd.
                          15.11.2.3 Calex Auto Pvt. Ltd.
               15.11.3 EUROPE
                          15.11.3.1 Delfingen
            15.11.3.2 KROS Otomotiv Sanayi ve Tic A.S.

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

16 APPENDIX (Page No. - 216)
     16.1 CURRENCY & PRICING
               TABLE 148 CURRENCY EXCHANGE RATES (WRT PER USD)
     16.2 INSIGHTS OF INDUSTRY EXPERTS
     16.3 DISCUSSION GUIDE
     16.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.5 AVAILABLE CUSTOMIZATIONS
             16.5.1 FLUID TRANSFER SYSTEM MARKET, BY BATTERY COOLING APPLICATION
                       16.5.1.1 BEV
                       16.5.1.2 PHEV
                       16.5.1.3 MILD HYBRID
             16.5.2 ELECTRIC & HYBRID VEHICLE FLUID TRANSFER SYSTEM MARKET,  BY TYPE
                       16.5.2.1 Air suspension lines
                       16.5.2.2 AC lines
                       16.5.2.3 Battery cooling lines
                       16.5.2.4 Transmission oil cooling lines
                       16.5.2.5 Fuel lines
                       16.5.2.6 Brake lines
     16.6 RELATED REPORTS
     16.7 AUTHOR DETAILS

The study involves four main activities to estimate the current size of the fluid transfer system market. Exhaustive secondary research was done to collect information on the market, such as fluid transfer system type and usage of different materials in a fluid transfer system. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Bottom-up approaches were employed to estimate the complete market size for different segments considered under this study. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include publications from government sources [such as country level automotive associations and organizations, Organisation for Economic Co-operation and Development (OECD), World Bank, CDC, and Eurostat]; corporate and regulatory filings (such as annual reports, SEC filings, investor presentations, and financial statements); business magazines and research journals; press releases; free and paid automotive databases [Organisation Internationale des Constructeurs d'Automobiles (OICA), MarkLines, etc.] and trade, business, and professional associations; among others. Trade websites, and technical articles have been 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 supply side and demand side and other stakeholders were interviewed to obtain qualitative and quantitative information on the market. Primary interviews have been conducted to gather insights such as fluid transfer system penetration demand by equipment type, fuel type, type, and highest potential region for the fluid transfer system market. The primary sources from the supply side included various industry experts, such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, vehicle architecture experts and related key executives from various key companies. Below is the breakdown of primary respondents:

Fluid Transfer System Market  Size, and Share

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

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value of the fluid transfer system market and other dependent submarkets, as mentioned below:

  • Key players in the fluid transfer system market were identified through secondary research, and their global market shares were determined through primary and secondary research.
  • The research methodology included study of annual and quarterly financial reports and regulatory filings of major market players (public) as well as interviews with industry experts for detailed market insights.
  • All industry-level penetration rates, percentage shares, splits, and breakdowns for the fluid transfer system market were determined using secondary sources and verified through primary sources.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.
  • The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
  • Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Global Fluid Transfer System Market :Bottom-up Approach

Fluid Transfer System Market  Size, and Share

Global Fluid Transfer System Market :Bottom-up Approach (Electric & Off-highway Vehicle)

Fluid Transfer System Market  Size, and Share

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 global fluid transfer system market based on type, equipment type, material, on-highway vehicle type, off-highway vehicle, electric & hybrid vehicle, and region
  • To analyze the impact of COVID-19 on the fluid transfer system market (pre-COVID vs. post-COVID)
  • To forecast the fluid transfer system market in terms of volume and value, based on:
    • Equipment Type (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)
    • Material (nylon, steel, stainless steel, aluminum, rubber, and other materials)
    • Type (hose and tubing)
    • On-Highway Vehicle Type (passenger car, light commercial vehicle, truck, and bus)
    • Electric & Hybrid Vehicle Type (battery electric vehicle, plug-in hybrid electric vehicle, and fuel-cell electric vehicle)
    • Off-Highway Vehicle (construction equipment, mining equipment, and agriculture 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 provide detailed information about major factors influencing the market (drivers, restraints, opportunities, and industry-specific challenges)
  • 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 present various parameters such as average selling price analysis, supply chain analysis, ecosystem, technology analysis, case study, market evaluation framework, value chain analysis, market share analysis, revenue analysis of top 5 players, regulatory landscape, and Porter’s five forces.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and R&D, in the fluid transfer system market
Report Code
AT 7363
Published ON
Jan, 2021
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