Fluid Transfer System Market by Propulsion & Component (Petrol/Gasoline, Diesel, CNG, Battery Electric, Plug-In Hybrid Electric), System Type, Vehicle Type (Passenger Cars, LCVs, Trucks, and Buses), and Region - Global Forecast to 2032

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USD 6.77
MARKET SIZE, 2032
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CAGR 14.0%
(2025-2032)
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432
REPORT PAGES
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309
MARKET TABLES

OVERVIEW

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The fluid transfer system market is projected to reach USD 6.77 billion by 2032 from USD 2.70 billion in 2025, growing at a CAGR of 14.0%. Meanwhile, the global fluid transfer system market is projected to reach USD 29.95 billion by 2032, at a CAGR of 3.3%. The high market growth is driven by rising demand for SUVs and a higher adoption rate of hybrid and electric vehicles. Electrification is creating newer application areas for battery, motor, and DC-DC converter cooling systems. At the same time, hybrid vehicles require both traditional ICE-specific cooling lines and EV-specific coolant hoses, increasing fluid transfer component utilization.

KEY TAKEAWAYS

  • BY VEHICLE TYPE
    Passenger cars are estimated to account for the largest market share, supported by rising demand for personal mobility and advanced vehicle designs. Growth is further driven by increasing adoption of turbocharged and hybrid powertrains, higher average fluid transfer system content per vehicle, and expanding electrification across passenger car models.
  • BY SYSTEM TYPE
    Brake and clutch systems are expected to see the largest growth, driven by safety requirements and advanced control systems. Body and exterior systems are growing the fastest as lightweight and compact fluid transfer solutions are increasingly adopted.
  • BY PROPULSION & COMPONENT
    Diesel propulsion is estimated to account for the largest share, due to its established presence in commercial vehicles. Battery electric propulsion is set to grow the fastest, supported by increasing adoption of EVs and demand for thermal management components like cooling hoses and lines.
  • BY REGION
    Asia Pacific is estimated to be the largest market, supported by the rapid expansion of EVs and HVs, with higher utilization of fluid transfer components in HVs due to dual propulsion. Europe is anticipated to witness the fastest growth, driven by stringent emission norms and rising demand for premium cars, leading to increased need for high-performance fluid transfer components.
  • COMPETITIVE LANDSCAPE
    Cooper Standard leads the global fluid transfer system market, followed by TI Fluid Systems. Key players, including Cooper Standard, TI Fluid Systems, Sumitomo Riko, Parker Hannifin, and Gates Corporation, are expanding their product portfolios, enhancing durability and leak-resistant designs, and collaborating with OEMs to address evolving propulsion systems and thermal management needs. These companies are also investing in lightweight materials and compact packaging solutions to meet next-generation vehicle requirements.

Apart from newer application areas in EVs and HVs, other segments are also showing a steady rise in demand for fluid transfer system components. Brake and clutch systems are steadily growing with applications across ICE and EV platforms, while HVAC fluid components such as vacuum booster hoses, A/C hoses, and thermal lines are seeing increased utilization as more advanced vehicle architectures are introduced. To address these diverse requirements, Tier 1 suppliers are redefining sourcing strategies, acting as system integrators to offer comprehensive, bundled solutions that streamline fluid management for OEMs.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The fluid transfer system market’s revenue mix is evolving, moving from traditional rubber and metal-based components for ICE systems to new growth areas. EV adoption and lightweighting are driving demand for battery and power electronics cooling lines, multi-layer plastic tubing, and recyclable or bio-based materials.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rise in demand for SUVs and premium passenger cars
  • Expansion of vehicle manufacturing and innovations in fluid transfer systems
RESTRAINTS
Impact
Level
  • Electrification of passenger cars in select countries
OPPORTUNITIES
Impact
Level
  • Rapid adoption of PHEVs
  • Sustained demand in trucks due to slower rate of electrification
CHALLENGES
Impact
Level
  • Shift toward electric buses and municipal EV fleets
  • Tariff-driven procurement volatility and system-level disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rise in demand for SUVs and premium passenger cars

Rising demand for SUVs and premium cars is increasing the requirement for fluid transfer components globally. Passenger car production in key markets like China, the US, and Europe is shifting toward larger and higher-spec models, driving the need for cooling, brake, and transmission lines, which raises average fluid transfer components. Suppliers like Hutchinson and Kongsberg are expanding high-capacity, modular systems.

Restraint: Electrification of passenger cars in select countries

Electrification is reducing the demand for traditional fluid transfer system products like fuel lines, turbo oil lines, and engine hoses. BEVs now account for more than 50% of new sales in China, Norway, and Sweden. OEMs are reducing ICE production, challenging suppliers like TI Fluid Systems to offset lost demand with EV thermal lines.

Opportunity: Rapid adoption of PHEVs

PHEV growth is boosting fluid transfer component demand due to dual ICE and electric architecture. Conventional and EV-specific lines for battery and power electronics increase content per vehicle. Suppliers like Denso, Continental, and Cooper Standard benefit, while TI Fluid Systems and Sanoh expand modular, lightweight offerings.

Challenge: Shift toward electric buses and municipal EV fleets

Electric bus and municipal EV growth in Asia, Europe, and North America is reducing diesel fluid line demand. China added 85,000 electric buses in 2024, driven by subsidies and targets. EVs need simpler coolant lines for batteries and inverters. Suppliers must adapt R&D and manufacturing to evolving OEM architectures.

Fluid Transfer System Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
High-pressure fuel injection lines, throttle valve cables, and fuel rail systems for passenger cars and commercial vehicles Improved fuel atomization, better combustion efficiency, lower emissions, enhanced engine performance
Radiator hoses, battery coolant hoses, and DC-DC converter cooling hoses for electric buses and trucks Efficient thermal management, reduced overheating risk, longer battery life, optimized cooling system performance
Brake and clutch hose assemblies, vacuum booster hoses, and EVAP lines in electric and hybrid commercial vehicles Enhanced braking response, improved safety, minimized vapor leaks, and reliable hydraulic operation under extreme conditions

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The ecosystem analysis highlights various players across the fluid transfer system market, which is primarily represented by raw material suppliers, tier 1, tier 2, and OEMs. Some of the tier 1 fluid transfer system companies include Cooper Standard, Continental AG, and Faurecia. Top tier 2 manufacturers include Nichirin, Kongsberg Automotive, and Sumitomo Riko.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Fluid Transfer System Market, By Vehicle Type

Passenger cars lead the fluid transfer system market due to high production and demand for efficient, high-performance powertrains. Growth is driven by TGDi engines boosting demand for turbo oil and coolant lines, and stricter norms like Euro 6 and BS6 increasing EGR and SCR line requirements in LCVs and trucks. The rise of electric buses with air suspension systems is further expanding demand for air suspension lines.

Fluid Transfer System Market, By Propulsion & Component

Brake and clutch systems account for the largest market share, critical for safety and performance across all vehicles. Growth is supported by strict safety regulations, rising vehicle production, and demand for reliable braking under varied conditions. Advances in brake fluids, hydraulic clutch components, and aftermarket needs further sustain this segment.

Fluid Transfer System Market, By System Type

Diesel propulsion dominates the fluid transfer system market due to its prevalence in commercial vehicles and trucks. SCR and DPF technologies increase demand for specialized fluid lines, while diesel engines’ durability requires robust fuel, oil, and coolant hoses. Despite electrification, diesel remains key, supporting steady demand and innovation in fluid transfer components.

REGION

Asia Pacific to be the largest region in global fluid transfer system market during forecast period

Asia Pacific is set to be the largest fluid transfer system market during the forecast period, driven by high vehicle production, rising SUV and premium car demand, and rapid EV adoption. China, India, and Japan are expanding passenger and commercial vehicle volumes, increasing fluid transfer components per vehicle. Strong OEM presence and supplier networks support advanced, modular systems, while policies promoting electrification and emission cuts boost demand for EV-ready solutions.

Fluid Transfer System Market: COMPANY EVALUATION MATRIX

In the fluid transfer system market matrix, Cooper Standard (Star) leads with a strong market presence and diverse product lineup, driving large-scale adoption in passenger cars and commercial vehicles. Sanoh Industrial Co., Ltd. (Emerging Leader) is gaining momentum with new EV-ready fluid transfer system offerings and tier 1.5 strategy. While Cooper Standard dominates with scale and infrastructure, Sanoh Industrial shows strong growth potential to advance toward the leaders’ quadrant.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET SCOPE

REPORT METRIC DETAILS
Market Size, 2025 (Value) 2.70 billion in 2025
Market Forecast, 2032 (Value) 6.77 billion by 2032
Growth Rate CAGR of 14.0% from 2025 to 2032 
Years Considered 2021–2032
Base Year 2024
Forecast Period 2025–2032
Units Considered Volume (Thousand Units), Value (USD Billion)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • Propulsion & Component:
    • Petrol/Gasoline
    • Diesel
    • CNG
    • Battery Electric
    • Plug-In Hybrid Electric (Air Intake Hose
    • Vacuum Hose
    • Fuel Feed Line
    • Feed Return Line
    • Fuel Leak-off Assembly
    • Turbocharger Oil Feed Line
    • Turbocharger Oil Drain Line
    • Turbocharger Coolant Line
    • Turbocharger Coolant Return Line
    • Positive Crankcase Ventilation (PVC) Hose
    • Vacuum Modulator Hose
    • Dipstick Tube
    • Fluid Return Hose
    • Pressure Control Solenoid Hose
    • Transmission Oil Cooler Lines
    • Hydraulic Power Steering Hose
    • Fuel Delivery Line
    • Fuel Rail
    • Direct Fuel Injection Line
    • CNG Tube
    • CNG Hose
    • Fuel Vapor Vent Line
    • Fuel Injector Line
    • Fuel to Tank Filler Line
    • Fuel Filler Neck
    • Thermal Lines
    • Expansion Valve Tube
    • A/C Cabin Climate Control Hoses
    • Radiator Hoses
    • Reservoir Overflow Hose
    • Bypass Hose
    • DC-DC Converter Cooling Hose
    • Motor Coolant Hose
    • Battery Coolant Hose
    • A/C Drain Line
    • Hydraulic Suspension Line
    • Air Suspension Line
    • Shock Absorber Hose
    • Anti-roll Bar
    • Brake & Clutch Hose and Line Assembly
    • Vacuum Booster Hose
    • Brake Bundle Assembly
    • EGR Tube and Assembly
    • SCR Tube and Assembly
    • EVAP Lines
    • Differential Pressure Hose
    • Tail Pipe
    • Sunroof Drain
    • Wind-shield Hose
    • Power Door Lock Hose
    • Oil Line)
  • System Type:
    • Engine
    • Transmission
    • Power Steering
    • Fuel Delivery
    • Thermal Management
    • Suspension
    • Brake & Clutch
    • Exhaust
    • Body & Exterior
    • and Lubrication
  • Vehicle Type:
    • Passenger Cars
    • Light Commercial Vehicles
    • Trucks
    • and Buses
Regional Scope Asia Pacific, Southeast Asia, Europe, North America, and Rest of the World

WHAT IS IN IT FOR YOU: Fluid Transfer System Market REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Tier 1 auto component provider planning for EV shift Fluid transfer system market analysis across 2- and 3-wheelers, passenger cars, commercial vehicles, and off-highway vehicles Identified opportunities in ICE, hybrid, and EV thermal lines, enabling targeted product development and portfolio optimization
Tier 2 auto component manufacturer looking for new market capture strategies Market sizing, segmentation, and competitor benchmarking Highlighted high-potential regions, vehicle segments, and fluid transfer system components to prioritize, supporting go-to-market planning
Tier 1 auto component provider assessing European demand Country-wise fluid transfer system demand forecast for passenger cars and commercial vehicles Provided regulatory, EV adoption, and OEM trend insights to guide production planning and supply alignment
Tier 1 component manufacturer looking to enter Latin American market Market entry assessment, country-specific fluid transfer system adoption, and infrastructure mapping Identified underserved markets, local supplier landscape, and potential partnerships to accelerate market penetration

RECENT DEVELOPMENTS

  • 01-Jun-25 : Parker Hannifin Corp (US) announced the acquisition of Curtis Instruments, Inc. (US) to strengthen its position in electric and hybrid vehicle systems.
  • 01-Apr-25 : Continental AG (Germany) announced the development of a new production line for hydrogen hoses at its Korbach facility.
  • 01-Apr-25 : Nichirin (Japan) acquired ATCO Products (US). With this acquisition, Nichirin expands into North American heavy-duty vehicles market.
  • 01-Feb-25 : Sumitomo Riko Company Limited (Japan) showcased its Hydrogen Hose for FCEV at the H2 & FC EXPO 2025 (Hydrogen and Fuel Cell Expo) along with other products such as a carbon separator for fuel cells. The hydrogen hose is used to supply hydrogen from the hydrogen tank to the fuel cell stack.
  • 01-Nov-24 : Parker Hannifin Corp (US) announced the divestiture of its North America Composites and Fuel Containment (CFC) division to private investment firm SK Capital Partners.

 

Table of Contents

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TITLE
PAGE NO
1
INTRODUCTION
 
 
 
29
2
RESEARCH METHODOLOGY
 
 
 
40
3
EXECUTIVE SUMMARY
 
 
 
54
4
PREMIUM INSIGHTS
 
 
 
58
5
MARKET OVERVIEW
Rising SUV demand and PHEV adoption drive fluid transfer innovations amid electrification challenges.
 
 
 
61
 
5.1
INTRODUCTION
 
 
 
 
5.2
MARKET DYNAMICS
 
 
 
 
 
5.2.1
DRIVERS
 
 
 
 
 
5.2.1.1
Rise in demand for SUVs and premium passenger cars
 
 
 
 
5.2.1.2
Expansion of vehicle manufacturing and innovations in fluid transfer systems
 
 
 
 
5.2.1.3
Supportive government policies for localized manufacturing
 
 
 
5.2.2
RESTRAINTS
 
 
 
 
 
5.2.2.1
Electrification of passenger cars in select countries
 
 
 
5.2.3
OPPORTUNITIES
 
 
 
 
 
5.2.3.1
Rapid adoption of PHEVs
 
 
 
 
5.2.3.2
Sustained demand in trucks due to slower rate of electrification
 
 
 
 
5.2.3.3
Advances in thermal management systems for electrified powertrains
 
 
 
5.2.4
CHALLENGES
 
 
 
 
 
5.2.4.1
Shift toward electric buses and municipal EV fleets
 
 
 
 
5.2.4.2
Tariff-driven procurement volatility and system-level disruptions
 
 
5.3
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.4
PRICING ANALYSIS
 
 
 
 
 
 
5.4.1
AVERAGE SELLING PRICE OF FLUID TRANSFER COMPONENTS OFFERED BY KEY PLAYERS
 
 
 
 
5.4.2
AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE
 
 
 
 
5.4.3
AVERAGE SELLING PRICE TREND, BY REGION
 
 
 
5.5
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.6
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.7
CASE STUDY ANALYSIS
 
 
 
 
 
5.7.1
VCOLLAB’S SOLUTION IMPROVES SIMULATION EFFICIENCY FOR COOPER STANDARD
 
 
 
 
5.7.2
FLUID COOLING SYSTEMS’ PROCESS COOLING SOLUTION ENHANCES ALUMINUM WELDING PROCESS FOR FORD
 
 
 
 
5.7.3
LUCAS-MILHAUPT’S FLUX-FREE BRAZING PROCESS ENSURES LEAK-FREE FUEL SENDERS FOR FORD
 
 
 
5.8
PATENT ANALYSIS
 
 
 
 
 
5.9
TECHNOLOGY ANALYSIS
 
 
 
 
 
5.9.1
KEY TECHNOLOGIES
 
 
 
 
 
5.9.1.1
Multi-layer hose and tube technology
 
 
 
 
5.9.1.2
Advanced materials and composites
 
 
 
5.9.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
 
5.9.2.1
Additive manufacturing
 
 
 
 
5.9.2.2
Automation and control systems
 
 
 
5.9.3
ADJACENT TECHNOLOGIES
 
 
 
 
 
5.9.3.1
EV thermal management
 
 
5.10
TRADE ANALYSIS
 
 
 
 
 
 
5.10.1
IMPORT SCENARIO (HS CODE 4009)
 
 
 
 
5.10.2
EXPORT SCENARIO (HS CODE 4009)
 
 
 
5.11
TARIFF AND REGULATORY LANDSCAPE
 
 
 
 
 
 
5.11.1
TARIFF DATA
 
 
 
 
5.11.2
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
5.11.3
REGULATORY ANALYSIS FOR FLUID TRANSFER SYSTEM MARKET
 
 
 
 
 
5.11.3.1
US
 
 
 
 
5.11.3.2
China
 
 
 
 
5.11.3.3
Japan
 
 
 
 
5.11.3.4
India
 
 
 
 
5.11.3.5
South Korea
 
 
 
 
5.11.3.6
Europe
 
 
5.12
KEY CONFERENCES AND EVENTS, 2025–2026
 
 
 
 
5.13
KEY STAKEHOLDERS AND BUYING CRITERIA
 
 
 
 
 
 
5.13.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
5.13.2
BUYING CRITERIA
 
 
 
5.14
IMPACT OF AI
 
 
 
 
 
5.15
OEM AND TIER-1 SOURCING/ADOPTION STRATEGIES
 
 
 
 
 
5.15.1
OEM SOURCING STRATEGIES
 
 
 
 
5.15.2
TIER-1 ADOPTION AND DIFFERENTIATION STRATEGIES
 
 
 
5.16
DIGITALIZATION AND SMART MANUFACTURING INITIATIVES
 
 
 
 
 
5.16.1
MODULAR, AUTOMATED, AND TRACEABLE PRODUCTION SYSTEMS
 
 
 
 
5.16.2
SMART MANUFACTURING PLATFORMS ENABLING PREDICTIVE MAINTENANCE AND REAL-TIME PROCESS OPTIMIZATION
 
 
 
 
5.16.3
EMBEDDED SENSOR TECHNOLOGIES AND ADVANCED MATERIALS
 
 
 
 
5.16.4
SCALABLE DIGITAL MANUFACTURING SUPPORTING ELECTRIFICATION
 
 
 
 
5.16.5
AI-DRIVEN QUALITY CHECKS, ADDITIVE MANUFACTURING, AND 5G CONNECTIVITY
 
 
 
5.17
SHIFT TOWARD ELECTRIFICATION
 
 
 
 
 
5.17.1
DECLINE IN CONVENTIONAL ICE FLUID TRANSFER SYSTEMS
 
 
 
 
5.17.2
ELEVATED DEMAND FOR EV-DRIVEN FLUID TRANSFER SYSTEMS
 
 
 
 
5.17.3
RISE IN MODULAR AND INTEGRATED ASSEMBLIES
 
 
 
 
5.17.4
AFTERMARKET’S SHIFT AWAY FROM ICE FLUID TRANSFER SYSTEMS
 
 
 
5.18
MATERIAL ANALYSIS, BY FLUID TRANSFER COMPONENT
 
 
 
 
5.19
SUPPLIER ANALYSIS, BY FLUID TRANSFER SYSTEM
 
 
 
6
FLUID TRANSFER SYSTEM MARKET, BY PROPULSION AND COMPONENT
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 24 Data Tables
 
 
 
109
 
6.1
INTRODUCTION
 
 
 
 
6.2
PETROL/GASOLINE
 
 
 
 
 
6.2.1
RISING ADOPTION OF TURBOCHARGED ENGINES TO DRIVE MARKET
 
 
 
6.3
DIESEL
 
 
 
 
 
6.3.1
INCREASING STRINGENCY OF NOX EMISSION REGULATIONS TO DRIVE MARKET
 
 
 
6.4
CNG
 
 
 
 
 
6.4.1
GROWING INCLINATION TOWARD CLEANER FUEL ALTERNATIVES TO DRIVE MARKET
 
 
 
6.5
BATTERY ELECTRIC
 
 
 
 
 
6.5.1
EMERGING ELECTRIFICATION TRENDS TO DRIVE MARKET
 
 
 
6.6
PLUG-IN HYBRID ELECTRIC
 
 
 
 
 
6.6.1
CONSUMER DEMAND FOR FUEL EFFICIENCY AND DYNAMIC PERFORMANCE TO DRIVE MARKET
 
 
 
6.7
PRIMARY INSIGHTS
 
 
 
7
FLUID TRANSFER SYSTEM MARKET, BY VEHICLE TYPE
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 20 Data Tables
 
 
 
146
 
7.1
INTRODUCTION
 
 
 
 
7.2
PASSENGER CARS
 
 
 
 
 
7.2.1
STRICTER EMISSION NORMS AND SURGE IN ELECTRIFICATION TO DRIVE MARKET
 
 
 
7.3
LIGHT COMMERCIAL VEHICLES
 
 
 
 
 
7.3.1
HEIGHTENED ADOPTION OF AUTOMATIC TRANSMISSIONS TO DRIVE MARKET
 
 
 
7.4
TRUCKS
 
 
 
 
 
7.4.1
RAPID INDUSTRIALIZATION AND INCREASED LOGISTICS ACTIVITIES TO DRIVE MARKET
 
 
 
7.5
BUSES
 
 
 
 
 
7.5.1
INTEGRATION OF AIR SUSPENSION IN NEW ELECTRIC BUSES TO DRIVE MARKET
 
 
 
7.6
PRIMARY INSIGHTS
 
 
 
8
FLUID TRANSFER SYSTEM MARKET, BY SYSTEM TYPE
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 44 Data Tables
 
 
 
156
 
8.1
INTRODUCTION
 
 
 
 
8.2
ENGINE
 
 
 
 
 
8.2.1
NEED FOR HEAT RESISTANCE AND PRESSURE TOLERANCE TO DRIVE MARKET
 
 
 
8.3
TRANSMISSION
 
 
 
 
 
8.3.1
RISE OF AUTOMATIC TRANSMISSION DESIGNS TO DRIVE MARKET
 
 
 
8.4
POWER STEERING
 
 
 
 
 
8.4.1
CONTINUED RELIANCE ON HYDRAULIC STEERING IN COMMERCIAL VEHICLES TO DRIVE MARKET
 
 
 
8.5
FUEL DELIVERY
 
 
 
 
 
8.5.1
RIGOROUS EMISSION NORMS AND ELEVATED CNG ADOPTION TO DRIVE MARKET
 
 
 
8.6
THERMAL MANAGEMENT
 
 
 
 
 
8.6.1
SHIFT TOWARD HIGHER CAPACITY COOLING SYSTEMS TO DRIVE MARKET
 
 
 
8.7
SUSPENSION
 
 
 
 
 
8.7.1
HIGH DEMAND FOR IMPROVED RIDE COMFORT AND DURABILITY TO DRIVE MARKET
 
 
 
8.8
BRAKE & CLUTCH
 
 
 
 
 
8.8.1
IMPLEMENTATION OF STRICT VEHICLE SAFETY STANDARDS TO DRIVE MARKET
 
 
 
8.9
EXHAUST
 
 
 
 
 
8.9.1
WIDE ADOPTION OF AFTERTREATMENT TECHNOLOGIES IN COMMERCIAL VEHICLES TO DRIVE MARKET
 
 
 
8.10
BODY & EXTERIOR
 
 
 
 
 
8.10.1
INTEGRATION OF PREMIUM COMFORT AND SAFETY FEATURES IN MASS-MARKET MODELS TO DRIVE MARKET
 
 
 
8.11
LUBRICATION
 
 
 
 
 
8.11.1
EXPANSION OF DOWNSIZED ENGINES TO DRIVE MARKET
 
 
 
8.12
PRIMARY INSIGHTS
 
 
 
9
FLUID TRANSFER SYSTEM MARKET, BY REGION
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 104 Data Tables
 
 
 
180
 
9.1
INTRODUCTION
 
 
 
 
9.2
ASIA PACIFIC
 
 
 
 
 
9.2.1
MACROECONOMIC OUTLOOK
 
 
 
 
9.2.2
CHINA
 
 
 
 
 
9.2.2.1
Domestic OEM dominance and high NEV growth to drive market
 
 
 
9.2.3
INDIA
 
 
 
 
 
9.2.3.1
Emission compliance and local manufacturing to drive market
 
 
 
9.2.4
JAPAN
 
 
 
 
 
9.2.4.1
Dual-propulsion vehicle trends to drive market
 
 
 
9.2.5
SOUTH KOREA
 
 
 
 
 
9.2.5.1
Rising EV output to drive market
 
 
9.3
SOUTHEAST ASIA
 
 
 
 
 
9.3.1
MACROECONOMIC OUTLOOK
 
 
 
 
9.3.2
THAILAND
 
 
 
 
 
9.3.2.1
Expansion of domestic automotive manufacturing to drive market
 
 
 
9.3.3
INDONESIA
 
 
 
 
 
9.3.3.1
OEM investment in modern gasoline engine platforms to drive market
 
 
 
9.3.4
VIETNAM
 
 
 
 
 
9.3.4.1
Surge in vehicle electrification to drive market
 
 
 
9.3.5
PHILIPPINES
 
 
 
 
 
9.3.5.1
Urbanization and financing trends to drive market
 
 
9.4
NORTH AMERICA
 
 
 
 
 
9.4.1
MACROECONOMIC OUTLOOK
 
 
 
 
9.4.2
US
 
 
 
 
 
9.4.2.1
Plans for increasing domestic manufacturing to drive market
 
 
 
9.4.3
CANADA
 
 
 
 
 
9.4.3.1
High penetration of light commercial vehicles and trucks to drive market
 
 
 
9.4.4
MEXICO
 
 
 
 
 
9.4.4.1
Expansion of advanced powertrain production to drive market
 
 
9.5
EUROPE
 
 
 
 
 
9.5.1
MICROECONOMIC OUTLOOK
 
 
 
 
9.5.2
GERMANY
 
 
 
 
 
9.5.2.1
Collaborations between OEMs and Tier-1 suppliers to drive market
 
 
 
9.5.3
FRANCE
 
 
 
 
 
9.5.3.1
Focus on emission reduction and transition toward electrification to drive market
 
 
 
9.5.4
ITALY
 
 
 
 
 
9.5.4.1
High demand for fluid transfer systems in commercial vehicle applications to drive market
 
 
 
9.5.5
SPAIN
 
 
 
 
 
9.5.5.1
Diverse vehicle production mix to drive market
 
 
 
9.5.6
UK
 
 
 
 
 
9.5.6.1
Fleet electrification momentum to drive market
 
 
 
9.5.7
REST OF EUROPE
 
 
 
9.6
REST OF THE WORLD
 
 
 
 
 
9.6.1
MACROECONOMIC OUTLOOK
 
 
 
 
9.6.2
SOUTH AFRICA
 
 
 
 
 
9.6.2.1
Growing automotive manufacturing to drive market
 
 
 
9.6.3
KENYA
 
 
 
 
 
9.6.3.1
Increasing vehicle assembly activities to drive market
 
 
 
9.6.4
EGYPT
 
 
 
 
 
9.6.4.1
Established automotive manufacturing base to drive market
 
10
COMPETITIVE LANDSCAPE
Uncover key strategies and market dynamics shaping competitive advantages through 2025.
 
 
 
339
 
10.1
INTRODUCTION
 
 
 
 
10.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
 
 
 
 
10.3
MARKET SHARE ANALYSIS, 2024
 
 
 
 
 
10.4
REVENUE ANALYSIS, 2020–2024
 
 
 
 
 
10.5
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
10.6
BRAND/PRODUCT COMPARISON
 
 
 
 
 
10.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
 
 
 
 
 
 
10.7.1
STARS
 
 
 
 
10.7.2
EMERGING LEADERS
 
 
 
 
10.7.3
PERVASIVE PLAYERS
 
 
 
 
10.7.4
PARTICIPANTS
 
 
 
 
10.7.5
COMPANY FOOTPRINT
 
 
 
 
 
10.7.5.1
Company footprint
 
 
 
 
10.7.5.2
Region footprint
 
 
 
 
10.7.5.3
System type footprint
 
 
 
 
10.7.5.4
Propulsion footprint
 
 
 
 
10.7.5.5
Vehicle type footprint
 
 
10.8
COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
 
 
 
 
 
 
10.8.1
PROGRESSIVE COMPANIES
 
 
 
 
10.8.2
RESPONSIVE COMPANIES
 
 
 
 
10.8.3
DYNAMIC COMPANIES
 
 
 
 
10.8.4
STARTING BLOCKS
 
 
 
 
10.8.5
COMPETITIVE BENCHMARKING
 
 
 
 
 
10.8.5.1
List of start-ups/SMEs
 
 
 
 
10.8.5.2
Competitive benchmarking of start-ups/SMEs
 
 
10.9
COMPETITIVE SCENARIO
 
 
 
 
 
10.9.1
PRODUCT LAUNCHES
 
 
 
 
10.9.2
DEALS
 
 
 
 
10.9.3
EXPANSIONS
 
 
 
 
10.9.4
OTHER DEVELOPMENTS
 
 
11
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
 
 
 
361
 
11.1
KEY PLAYERS
 
 
 
 
 
11.1.1
COOPER STANDARD
 
 
 
 
 
11.1.1.1
Business overview
 
 
 
 
11.1.1.2
Products/Solutions offered
 
 
 
 
11.1.1.3
Recent developments
 
 
 
 
11.1.1.4
MnM view
 
 
 
11.1.2
TI FLUID SYSTEMS
 
 
 
 
11.1.3
SUMITOMO RIKO COMPANY LIMITED
 
 
 
 
11.1.4
PARKER HANNIFIN CORP
 
 
 
 
11.1.5
GATES CORPORATION
 
 
 
 
11.1.6
SANOH INDUSTRIAL CO., LTD.
 
 
 
 
11.1.7
CONTINENTAL AG
 
 
 
 
11.1.8
DENSO CORPORATION
 
 
 
 
11.1.9
HUTCHINSON
 
 
 
 
11.1.10
NICHIRIN
 
 
 
 
11.1.11
USUI CO. LTD.
 
 
 
 
11.1.12
KONGSBERG AUTOMOTIVE
 
 
 
 
11.1.13
AKWEL
 
 
 
 
11.1.14
IMPERIAL AUTO
 
 
 
 
11.1.15
ROBERT BOSCH GMBH
 
 
 
11.2
OTHER PLAYERS
 
 
 
 
 
11.2.1
LANDER TUBULAR PRODUCTS
 
 
 
 
11.2.2
TRISTONE
 
 
 
 
11.2.3
FLEXITECH
 
 
 
 
11.2.4
DELFINGEN
 
 
 
 
11.2.5
TALBROS
 
 
 
 
11.2.6
MANULI RYCO GROUP
 
 
 
 
11.2.7
GRACO INC.
 
 
 
 
11.2.8
NEWAGE INDUSTRIES
 
 
 
 
11.2.9
ARAYMOND ET CIE
 
 
 
 
11.2.10
CALEX AUTO
 
 
 
 
11.2.11
ARTH RUBBERS
 
 
 
 
11.2.12
MARUYASU INDUSTRIES CO., LTD.
 
 
12
RECOMMENDATIONS BY MARKETSANDMARKETS
Market Size & Growth Rate Forecast Analysis
 
 
 
415
 
12.1
ASIA PACIFIC TO BE LEADING MARKET FOR FLUID TRANSFER SYSTEMS
 
 
 
 
12.2
COMPANIES’ EMPHASIS ON LIGHTWEIGHT MATERIALS
 
 
 
 
12.3
TREND OF ELECTRIFICATION
 
 
 
 
12.4
HIGH DEMAND FOR HVAC AND AIR SUSPENSION FLUID TRANSFER SYSTEMS IN COMMERCIAL VEHICLES
 
 
 
 
12.5
CONCLUSION
 
 
 
13
APPENDIX
 
 
 
417
 
13.1
INSIGHTS FROM INDUSTRY EXPERTS
 
 
 
 
13.2
DISCUSSION GUIDE
 
 
 
 
13.3
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
13.4
CUSTOMIZATION OPTIONS
 
 
 
 
 
13.4.1
FLUID TRANSFER SYSTEM MARKET, FOR TWO & THREE-WHEELERS AND OFF-HIGHWAY VEHICLES AT REGIONAL LEVEL
 
 
 
 
13.4.2
FLUID TRANSFER SYSTEM MARKET, BY VEHICLE TYPE, FOR ADDITIONAL COUNTRIES
 
 
 
 
13.4.3
COMPANY INFORMATION
 
 
 
 
 
13.4.3.1
Profiling of additional market players (up to five)
 
 
13.5
RELATED REPORTS
 
 
 
 
13.6
AUTHOR DETAILS
 
 
 
LIST OF TABLES
 
 
 
 
 
TABLE 1
MARKET DEFINITION, BY VEHICLE TYPE
 
 
 
 
TABLE 2
MARKET DEFINITION, BY PROPULSION
 
 
 
 
TABLE 3
MARKET DEFINITION, BY COMPONENT
 
 
 
 
TABLE 4
MARKET DEFINITION, BY SYSTEM TYPE
 
 
 
 
TABLE 5
INCLUSIONS AND EXCLUSIONS
 
 
 
 
TABLE 6
CURRENCY EXCHANGE RATES, 2019–2024
 
 
 
 
TABLE 7
IMPACT OF MARKET DYNAMICS ON FLUID TRANSFER SYSTEM MARKET
 
 
 
 
TABLE 8
AVERAGE SELLING PRICE OF FLUID TRANSFER COMPONENTS OFFERED BY KEY PLAYERS, 2024 (USD)
 
 
 
 
TABLE 9
AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE, 2022–2024 (USD)
 
 
 
 
TABLE 10
AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD)
 
 
 
 
TABLE 11
ROLE OF COMPANIES IN ECOSYSTEM
 
 
 
 
TABLE 12
PATENT ANALYSIS
 
 
 
 
TABLE 13
IMPORT DATA FOR HS CODE 4009-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 14
EXPORT DATA FOR HS CODE 4009-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 15
IMPORT TARIFFS ON FLUID TRANSFER COMPONENTS
 
 
 
 
TABLE 16
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 17
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 18
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 19
REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 20
EURO-5 VS. EURO-6 VEHICLE EMISSION STANDARDS ON NEW EUROPEAN DRIVING CYCLE
 
 
 
 
TABLE 21
KEY CONFERENCES AND EVENTS, 2025–2026
 
 
 
 
TABLE 22
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE (%)
 
 
 
 
TABLE 23
KEY BUYING CRITERIA, BY VEHICLE TYPE
 
 
 
 
TABLE 24
MATERIAL ANALYSIS, BY FLUID TRANSFER COMPONENT
 
 
 
 
TABLE 25
BRAKE & CLUTCH FLUID TRANSFER SYSTEM SUPPLIERS, 2022–2025
 
 
 
 
TABLE 26
FUEL DELIVERY FLUID TRANSFER SYSTEM SUPPLIERS, 2022–2025
 
 
 
 
TABLE 27
THERMAL MANAGEMENT FLUID TRANSFER SYSTEM SUPPLIERS, 2022–2025
 
 
 
 
TABLE 28
POWER STEERING FLUID TRANSFER SYSTEM SUPPLIERS, 2022–2025
 
 
 
 
TABLE 29
FLUID TRANSFER SYSTEM MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 30
MARKET, BY PROPULSION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 31
MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 32
MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 33
PETROL/GASOLINE: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 34
PETROL/GASOLINE: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 35
PETROL/GASOLINE: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 36
PETROL/GASOLINE: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 37
DIESEL: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 38
DIESEL: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 39
DIESEL: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 40
DIESEL: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 41
CNG: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 42
CNG: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 43
CNG: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 44
CNG: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 45
BATTERY ELECTRIC: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 46
BATTERY ELECTRIC: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 47
BATTERY ELECTRIC: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 48
BATTERY ELECTRIC: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 49
PLUG-IN HYBRID ELECTRIC: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 50
PLUG-IN HYBRID ELECTRIC: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 51
PLUG-IN HYBRID ELECTRIC: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 52
PLUG-IN HYBRID ELECTRIC: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 53
MARKET, BY VEHICLE TYPE, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 54
MARKET, BY VEHICLE TYPE, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 55
MARKET, BY VEHICLE TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 56
MARKET, BY VEHICLE TYPE, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 57
PASSENGER CARS: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 58
PASSENGER CARS: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 59
PASSENGER CARS: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 60
PASSENGER CARS: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 61
LIGHT COMMERCIAL VEHICLES: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 62
LIGHT COMMERCIAL VEHICLES: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 63
LIGHT COMMERCIAL VEHICLES: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 64
LIGHT COMMERCIAL VEHICLES: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 65
TRUCKS: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 66
TRUCKS: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 67
TRUCKS: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 68
TRUCKS: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 69
BUSES: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 70
BUSES: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 71
BUSES: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 72
BUSES: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 73
MARKET, BY SYSTEM TYPE, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 74
MARKET, BY SYSTEM TYPE, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 75
MARKET, BY SYSTEM TYPE, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 76
MARKET, BY SYSTEM TYPE, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 77
ENGINE: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 78
ENGINE: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 79
ENGINE: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 80
ENGINE: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 81
TRANSMISSION: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 82
TRANSMISSION: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 83
TRANSMISSION: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 84
TRANSMISSION: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 85
POWER STEERING: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 86
POWER STEERING: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 87
POWER STEERING: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 88
POWER STEERING: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 89
FUEL DELIVERY: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 90
FUEL DELIVERY: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 91
FUEL DELIVERY: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 92
FUEL DELIVERY: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 93
THERMAL MANAGEMENT: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 94
THERMAL MANAGEMENT: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 95
THERMAL MANAGEMENT: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 96
THERMAL MANAGEMENT: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 97
SUSPENSION: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 98
SUSPENSION: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 99
SUSPENSION: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 100
SUSPENSION: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 101
BRAKE & CLUTCH: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 102
BRAKE & CLUTCH: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 103
BRAKE & CLUTCH: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 104
BRAKE & CLUTCH: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 105
EXHAUST: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 106
EXHAUST: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 107
EXHAUST: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 108
EXHAUST: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 109
BODY & EXTERIOR: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 110
BODY & EXTERIOR: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 111
BODY & EXTERIOR: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 112
BODY & EXTERIOR: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 113
LUBRICATION: MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 114
LUBRICATION: MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 115
LUBRICATION: MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 116
LUBRICATION: MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 117
MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 118
MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 119
MARKET, BY REGION, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 120
MARKET, BY REGION, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 121
ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 122
ASIA PACIFIC: MARKET, BY COUNTRY, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 123
ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 124
ASIA PACIFIC: MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 125
CHINA: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 126
CHINA: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 127
CHINA: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 128
CHINA: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 129
INDIA: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 130
INDIA: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 131
INDIA: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 132
INDIA: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 133
JAPAN: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 134
JAPAN: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 135
JAPAN: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 136
JAPAN: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 137
SOUTH KOREA: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 138
SOUTH KOREA: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 139
SOUTH KOREA: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 140
SOUTH KOREA: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 141
SOUTHEAST ASIA: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 142
SOUTHEAST ASIA: MARKET, BY COUNTRY, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 143
SOUTHEAST ASIA: MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 144
SOUTHEAST ASIA: MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 145
THAILAND: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 146
THAILAND: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 147
THAILAND: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 148
THAILAND: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 149
INDONESIA: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 150
INDONESIA: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 151
INDONESIA: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 152
INDONESIA: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 153
VIETNAM: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 154
VIETNAM: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 155
VIETNAM: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 156
VIETNAM: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 157
PHILIPPINES: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 158
PHILIPPINES: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 159
PHILIPPINES: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 160
PHILIPPINES: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 161
NORTH AMERICA: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 162
NORTH AMERICA: MARKET, BY COUNTRY, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 163
NORTH AMERICA: MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 164
NORTH AMERICA: MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 165
US: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 166
US: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 167
US: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 168
US: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 169
CANADA: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 170
CANADA: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 171
CANADA: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 172
CANADA: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 173
MEXICO: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 174
MEXICO: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 175
MEXICO: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 176
MEXICO: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 177
EUROPE: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 178
EUROPE: MARKET, BY COUNTRY, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 179
EUROPE: MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 180
EUROPE: MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 181
GERMANY: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 182
GERMANY: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 183
GERMANY: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 184
GERMANY: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 185
FRANCE: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 186
FRANCE: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 187
FRANCE: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 188
FRANCE: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 189
ITALY: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 190
ITALY: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 191
ITALY: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 192
ITALY: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 193
SPAIN: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 194
SPAIN: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 195
SPAIN: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 196
SPAIN: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 197
UK: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 198
UK: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 199
UK: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 200
UK: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 201
REST OF EUROPE: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 202
REST OF EUROPE: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 203
REST OF EUROPE: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 204
REST OF EUROPE: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 205
REST OF THE WORLD: MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 206
REST OF THE WORLD: MARKET, BY COUNTRY, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 207
REST OF THE WORLD: MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 208
REST OF THE WORLD: MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 209
SOUTH AFRICA: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 210
SOUTH AFRICA: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 211
SOUTH AFRICA: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 212
SOUTH AFRICA: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 213
KENYA: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 214
KENYA: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 215
KENYA: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 216
KENYA: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 217
EGYPT: MARKET, BY COMPONENT, 2021–2024 (THOUSAND UNITS)
 
 
 
 
TABLE 218
EGYPT: MARKET, BY COMPONENT, 2025–2032 (THOUSAND UNITS)
 
 
 
 
TABLE 219
EGYPT: MARKET, BY COMPONENT, 2021–2024 (USD MILLION)
 
 
 
 
TABLE 220
EGYPT: MARKET, BY COMPONENT, 2025–2032 (USD MILLION)
 
 
 
 
TABLE 221
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
 
 
 
 
TABLE 222
MARKET: DEGREE OF COMPETITION, 2024
 
 
 
 
TABLE 223
REGION FOOTPRINT
 
 
 
 
TABLE 224
SYSTEM TYPE FOOTPRINT
 
 
 
 
TABLE 225
PROPULSION FOOTPRINT
 
 
 
 
TABLE 226
VEHICLE TYPE FOOTPRINT
 
 
 
 
TABLE 227
LIST OF START-UPS/SMES
 
 
 
 
TABLE 228
COMPETITIVE BENCHMARKING OF START-UPS/SMES
 
 
 
 
TABLE 229
MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2022–2025
 
 
 
 
TABLE 230
MARKET: DEALS, 2022–2025
 
 
 
 
TABLE 231
MARKET: EXPANSIONS, 2022–2025
 
 
 
 
TABLE 232
MARKET: OTHER DEVELOPMENTS, 2022–2025
 
 
 
 
TABLE 233
COOPER STANDARD: COMPANY OVERVIEW
 
 
 
 
TABLE 234
COOPER STANDARD: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 235
COOPER STANDARD: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 236
COOPER STANDARD: PRODUCT LAUNCHES/DEVELOPMENTS
 
 
 
 
TABLE 237
COOPER STANDARD: DEALS
 
 
 
 
TABLE 238
COOPER STANDARD: OTHER DEVELOPMENTS
 
 
 
 
TABLE 239
TI FLUID SYSTEMS: COMPANY OVERVIEW
 
 
 
 
TABLE 240
TI FLUID SYSTEMS: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 241
TI FLUID SYSTEMS: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 242
TI FLUID SYSTEMS: PRODUCT LAUNCHES/DEVELOPMENTS
 
 
 
 
TABLE 243
TI FLUID SYSTEMS: DEALS
 
 
 
 
TABLE 244
TI FLUID SYSTEMS: EXPANSIONS
 
 
 
 
TABLE 245
SUMITOMO RIKO COMPANY LIMITED: COMPANY OVERVIEW
 
 
 
 
TABLE 246
SUMITOMO RIKO COMPANY LIMITED: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 247
SUMITOMO RIKO COMPANY LIMITED: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 248
SUMITOMO RIKO COMPANY LIMITED: EXPANSIONS
 
 
 
 
TABLE 249
SUMITOMO RIKO COMPANY LIMITED: OTHER DEVELOPMENTS
 
 
 
 
TABLE 250
PARKER HANNIFIN CORP: COMPANY OVERVIEW
 
 
 
 
TABLE 251
PARKER HANNIFIN CORP: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 252
PARKER HANNIFIN CORP: PRODUCT LAUNCHES/DEVELOPMENTS
 
 
 
 
TABLE 253
PARKER HANNIFIN CORP: DEALS
 
 
 
 
TABLE 254
PARKER HANNIFIN CORP: EXPANSIONS
 
 
 
 
TABLE 255
PARKER HANNIFIN CORP: OTHER DEVELOPMENTS
 
 
 
 
TABLE 256
GATES CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 257
GATES CORPORATION: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 258
GATES CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
 
 
 
 
TABLE 259
SANOH INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
 
 
 
 
TABLE 260
SANOH INDUSTRIAL CO., LTD.: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 261
SANOH INDUSTRIAL CO., LTD.: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 262
SANOH INDUSTRIAL CO., LTD.: OTHER DEVELOPMENTS
 
 
 
 
TABLE 263
CONTINENTAL AG: COMPANY OVERVIEW
 
 
 
 
TABLE 264
CONTINENTAL AG: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 265
CONTINENTAL AG: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 266
CONTINENTAL AG: EXPANSIONS
 
 
 
 
TABLE 267
DENSO CORPORATION: COMPANY OVERVIEW
 
 
 
 
TABLE 268
DENSO CORPORATION: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 269
DENSO CORPORATION: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 270
HUTCHINSON: COMPANY OVERVIEW
 
 
 
 
TABLE 271
HUTCHINSON: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 272
HUTCHINSON: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 273
HUTCHINSON: PRODUCT LAUNCHES/DEVELOPMENTS
 
 
 
 
TABLE 274
HUTCHINSON: EXPANSIONS
 
 
 
 
TABLE 275
NICHIRIN: COMPANY OVERVIEW
 
 
 
 
TABLE 276
NICHIRIN: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 277
NICHIRIN: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 278
NICHIRIN: DEALS
 
 
 
 
TABLE 279
USUI CO. LTD.: COMPANY OVERVIEW
 
 
 
 
TABLE 280
USUI CO. LTD.: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 281
USUI CO. LTD.: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 282
USUI CO. LTD.: OTHER DEVELOPMENTS
 
 
 
 
TABLE 283
KONGSBERG AUTOMOTIVE: COMPANY OVERVIEW
 
 
 
 
TABLE 284
KONGSBERG AUTOMOTIVE: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 285
KONGSBERG AUTOMOTIVE: OTHER DEVELOPMENTS
 
 
 
 
TABLE 286
AKWEL: COMPANY OVERVIEW
 
 
 
 
TABLE 287
AKWEL: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 288
AKWEL: EXPANSIONS
 
 
 
 
TABLE 289
AKWEL: OTHER DEVELOPMENTS
 
 
 
 
TABLE 290
IMPERIAL AUTO: COMPANY OVERVIEW
 
 
 
 
TABLE 291
IMPERIAL AUTO: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 292
IMPERIAL AUTO: DEALS
 
 
 
 
TABLE 293
IMPERIAL AUTO: EXPANSIONS
 
 
 
 
TABLE 294
ROBERT BOSCH GMBH: COMPANY OVERVIEW
 
 
 
 
TABLE 295
ROBERT BOSCH GMBH: MAJOR FLUID TRANSFER COMPONENT SUPPLY AGREEMENTS
 
 
 
 
TABLE 296
ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS OFFERED
 
 
 
 
TABLE 297
ROBERT BOSCH GMBH: PRODUCT LAUNCHES/DEVELOPMENTS
 
 
 
 
TABLE 298
LANDER TUBULAR PRODUCTS: COMPANY OVERVIEW
 
 
 
 
TABLE 299
TRISTONE: COMPANY OVERVIEW
 
 
 
 
TABLE 300
FLEXITECH: COMPANY OVERVIEW
 
 
 
 
TABLE 301
DELFINGEN: COMPANY OVERVIEW
 
 
 
 
TABLE 302
TALBROS: COMPANY OVERVIEW
 
 
 
 
TABLE 303
MANULI RYCO GROUP: COMPANY OVERVIEW
 
 
 
 
TABLE 304
GRACO INC.: COMPANY OVERVIEW
 
 
 
 
TABLE 305
NEWAGE INDUSTRIES: COMPANY OVERVIEW
 
 
 
 
TABLE 306
ARAYMOND ET CIE: COMPANY OVERVIEW
 
 
 
 
TABLE 307
CALEX AUTO: COMPANY OVERVIEW
 
 
 
 
TABLE 308
ARTH RUBBERS: COMPANY OVERVIEW
 
 
 
 
TABLE 309
MARUYASU INDUSTRIES CO., LTD.: COMPANY OVERVIEW
 
 
 
 
LIST OF FIGURES
 
 
 
 
 
FIGURE 1
FLUID TRANSFER SYSTEM MARKET SEGMENTATION
 
 
 
 
FIGURE 2
RESEARCH DESIGN
 
 
 
 
FIGURE 3
RESEARCH DESIGN MODEL
 
 
 
 
FIGURE 4
PRIMARY INSIGHTS
 
 
 
 
FIGURE 5
MARKET SIZE ESTIMATION: HYPOTHESIS BUILDING
 
 
 
 
FIGURE 6
BOTTOM-UP APPROACH
 
 
 
 
FIGURE 7
MARKET SIZE ESTIMATION NOTES
 
 
 
 
FIGURE 8
DATA TRIANGULATION
 
 
 
 
FIGURE 9
GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS
 
 
 
 
FIGURE 10
DEMAND AND SUPPLY-SIDE FACTOR ANALYSIS
 
 
 
 
FIGURE 11
MARKET OUTLOOK
 
 
 
 
FIGURE 12
MARKET, BY REGION
 
 
 
 
FIGURE 13
MARKET, BY VEHICLE TYPE
 
 
 
 
FIGURE 14
KEY PLAYERS IN MARKET
 
 
 
 
FIGURE 15
ADVANCEMENTS IN FLUID TRANSFER TECHNOLOGIES TO DRIVE MARKET
 
 
 
 
FIGURE 16
PASSENGER CARS TO SECURE LEADING POSITION DURING FORECAST PERIOD
 
 
 
 
FIGURE 17
BRAKE & CLUTCH SEGMENT TO HOLD HIGHEST SHARE IN 2032
 
 
 
 
FIGURE 18
BATTERY ELECTRIC TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
 
 
 
 
FIGURE 19
ASIA PACIFIC TO SURPASS OTHER REGIONAL MARKETS IN 2025
 
 
 
 
FIGURE 20
MARKET DYNAMICS
 
 
 
 
FIGURE 21
SUV REGISTRATIONS IN EUROPE, 2024
 
 
 
 
FIGURE 22
COMPARATIVE OVERVIEW OF HOSE MATERIALS AND APPLICATIONS
 
 
 
 
FIGURE 23
ELECTRIC PASSENGER CAR SALES, BY COUNTRY/REGION, 2019–2024
 
 
 
 
FIGURE 24
PHEV SALES, BY COUNTRY/REGION, 2019–2024
 
 
 
 
FIGURE 25
EV THERMAL MANAGEMENT FLUID TRANSFER SOLUTION
 
 
 
 
FIGURE 26
ELECTRIC BUS SALES, BY COUNTRY/REGION, 2023–2024
 
 
 
 
FIGURE 27
PROJECTED DECLINE IN AUTOMOTIVE OUTPUT FROM 25% US TARIFFS ON VEHICLE IMPORTS, BY COUNTRY
 
 
 
 
FIGURE 28
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
FIGURE 29
AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE, 2022–2024 (USD)
 
 
 
 
FIGURE 30
AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD)
 
 
 
 
FIGURE 31
ECOSYSTEM ANALYSIS
 
 
 
 
FIGURE 32
VALUE CHAIN ANALYSIS
 
 
 
 
FIGURE 33
PATENT ANALYSIS
 
 
 
 
FIGURE 34
MULTI-LAYER HOSE AND TUBE TECHNOLOGY
 
 
 
 
FIGURE 35
COMPARISON OF THERMOPLASTIC MATERIALS
 
 
 
 
FIGURE 36
COOLING WATER HOSE LINES FOR EV THERMAL MANAGEMENT
 
 
 
 
FIGURE 37
IMPORT DATA FOR HS CODE 4009-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
FIGURE 38
EXPORT DATA FOR HS CODE 4009-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
FIGURE 39
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE
 
 
 
 
FIGURE 40
KEY BUYING CRITERIA, BY VEHICLE TYPE
 
 
 
 
FIGURE 41
IMPACT OF ELECTRIFICATION ON FLUID TRANSFER SYSTEMS
 
 
 
 
FIGURE 42
MARKET, BY PROPULSION, 2025 VS. 2032 (USD MILLION)
 
 
 
 
FIGURE 43
MARKET, BY VEHICLE TYPE, 2025 VS. 2032 (USD MILLION)
 
 
 
 
FIGURE 44
MARKET, BY SYSTEM TYPE, 2025 VS. 2032 (USD MILLION)
 
 
 
 
FIGURE 45
MARKET, BY REGION, 2025 VS. 2032 (USD MILLION)
 
 
 
 
FIGURE 46
ASIA PACIFIC: MARKET SNAPSHOT
 
 
 
 
FIGURE 47
ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 48
ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 49
ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 50
ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
 
 
 
 
FIGURE 51
INDIA: FLUID TRANSFER SYSTEM KIT SIZE, BY PASSENGER CAR OEM
 
 
 
 
FIGURE 52
SOUTHEAST ASIA: MARKET, BY COUNTRY, 2025 VS. 2032 (USD MILLION)
 
 
 
 
FIGURE 53
SOUTHEAST ASIA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 54
SOUTHEAST ASIA: GDP PER CAPITA, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 55
SOUTHEAST ASIA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 56
SOUTHEAST ASIA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
 
 
 
 
FIGURE 57
NORTH AMERICA: MARKET SNAPSHOT
 
 
 
 
FIGURE 58
NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 59
NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 60
NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 61
NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
 
 
 
 
FIGURE 62
EUROPE: MARKET SNAPSHOT
 
 
 
 
FIGURE 63
EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 64
EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 65
EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 66
EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
 
 
 
 
FIGURE 67
REST OF THE WORLD: MARKET SNAPSHOT
 
 
 
 
FIGURE 68
REST OF THE WORLD: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 69
REST OF THE WORLD: GDP PER CAPITA, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 70
REST OF THE WORLD: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
 
 
 
 
FIGURE 71
REST OF THE WORLD: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
 
 
 
 
FIGURE 72
MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024
 
 
 
 
FIGURE 73
REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024 (USD BILLION)
 
 
 
 
FIGURE 74
COMPANY VALUATION (USD BILLION)
 
 
 
 
FIGURE 75
FINANCIAL METRICS (EV/EBITDA)
 
 
 
 
FIGURE 76
BRAND/PRODUCT COMPARISON
 
 
 
 
FIGURE 77
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
 
 
 
 
FIGURE 78
COMPANY FOOTPRINT
 
 
 
 
FIGURE 79
COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024
 
 
 
 
FIGURE 80
COOPER STANDARD: COMPANY SNAPSHOT
 
 
 
 
FIGURE 81
TI FLUID SYSTEMS: COMPANY SNAPSHOT
 
 
 
 
FIGURE 82
SUMITOMO RIKO COMPANY LIMITED: COMPANY SNAPSHOT
 
 
 
 
FIGURE 83
PARKER HANNIFIN CORP: COMPANY SNAPSHOT
 
 
 
 
FIGURE 84
GATES CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 85
SANOH INDUSTRIAL CO., LTD.: COMPANY SNAPSHOT
 
 
 
 
FIGURE 86
CONTINENTAL AG: COMPANY SNAPSHOT
 
 
 
 
FIGURE 87
DENSO CORPORATION: COMPANY SNAPSHOT
 
 
 
 
FIGURE 88
NICHIRIN: COMPANY SNAPSHOT
 
 
 
 
FIGURE 89
KONGSBERG AUTOMOTIVE: COMPANY SNAPSHOT
 
 
 
 
FIGURE 90
AKWEL: COMPANY SNAPSHOT
 
 
 
 
FIGURE 91
ROBERT BOSCH GMBH: COMPANY SNAPSHOT
 
 
 
 

 

Methodology

The research study involves extensive secondary sources, such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the fluid transfer system market. Primary sources, such as experts from related industries, automobile OEMs, and suppliers, have been interviewed to obtain and verify critical information and assess the growth prospects and market estimations.

Secondary Research

Secondary sources for this research study include corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; whitepapers and automotive fluid and flow transfer-related journals; certified publications; articles by recognized authors; directories; and databases. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research has been conducted after understanding the fluid transfer system market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand side (vehicle manufacturers, country-level government associations, and trade associations) and the supply side (fluid transfer system providers and integrators). The regions considered for the research include Asia Pacific, Southeast Asia, Europe, North America, and the Rest of the World. Approximately 32% and 68% of primary interviews have been conducted from the demand and supply sides. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, have been covered to provide a holistic viewpoint in this report.

After interacting with industry experts, brief sessions have been conducted with highly experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, has led to the findings described in this report.

Fluid Transfer System Market Size, and Share

Note: Tiers are based on the value chain; the company’s revenue is not considered. Others include sales and product managers.

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

Market Size Estimation

The bottom-up approach has been used to estimate and validate the total size of the fluid transfer system market. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

Fluid Transfer System Market : Top-Down and Bottom-Up Approach

Fluid Transfer System Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size through the methodology above, the fluid transfer system market has been split into several segments and subsegments. Where applicable, the data triangulation procedure has been employed to complete the overall market engineering process and arrive at the exact market value for key segments and subsegments. The extrapolated market data has been triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

Market Definition

The fluid transfer system market in the automotive sector includes hoses, pipes, tubes, and fluid transfer lines designed to transport fluids such as fuel, oil, coolant, brake fluid, and air across vehicle subsystems. These components are critical for thermal management, powertrain, brake, and transmission across passenger and commercial vehicles.

Stakeholders

  • Authorized Service Centers and Independent Aftermarket Service Providers
  • Automobile Organizations/Associations and Government Bodies
  • Automobile OEMs
  • Automotive Component Manufacturers
  • Automotive Raw Material Suppliers
  • Automotive Research Organizations
  • EV and EV Component Manufacturers
  • Fluid Transfer System Integrators
  • Fluid Transfer System Manufacturers
  • Tooling and Machinery Suppliers
  • Vehicle Safety and Emission Regulatory Bodies

Report Objectives

  • To analyze and forecast the size of the fluid transfer system market in terms of volume (thousand units) and value (USD million) from 2025 to 2032
  • To segment the market by propulsion & component, vehicle type, system type, and region
    • To segment and forecast the market size by propulsion & component [petrol/gasoline (air intake hose, vacuum hose, fuel feed line, feed return line, fuel leak-off assembly, turbocharger oil feed line, turbocharger oil drain line, turbocharger coolant line, turbocharger coolant return line, positive crankcase ventilation (PVC) hose, vacuum modulator hose, dipstick tube, fluid return hose, pressure control solenoid hose, transmission oil cooler line, hydraulic power steering hose, fuel delivery line, fuel rail, direct fuel injection line, CNG tube, CNG hose, fuel vapor vent line, fuel injector line, fuel to tank filler line, fuel filler neck, thermal lines, expansion valve tube, A/C cabin climate control hose, radiator hose, reservoir overflow hose, bypass hose, DC-DC converter cooling hose, motor coolant hose, battery coolant hose, A/C drain line, hydraulic suspension line, air suspension line, shock absorber hose, anti roll bar, brake & clutch hose and line assembly, vacuum booster hose, brake bundle assembly, EGR tube & assembly, SCR tube & assembly, EVAP line, differential pressure hose, tail pipe, sunroof drain, windshield hose, power door lock hose, oil line), diesel, CNG, battery electric, and plug-in hybrid electric]
  • (*Note: A similar component-level breakdown is provided for other propulsion types.)
    • To segment and forecast the market by vehicle type (passenger cars, light commercial vehicles, trucks, and buses)
    • To segment and forecast the market by system type (engine, transmission, power steering, fuel delivery, thermal management, suspension, brake & clutch, exhaust, and body & exterior)
    • To forecast the market by region (Asia Pacific, Southeast Asia, Europe, North America, and Rest of the World)
  • To identify and analyze key drivers, restraints, challenges, and opportunities influencing market growth
  • To strategically analyze the market, considering individual growth trends, prospects, and contributions to the total market
  • To study the following with respect to the market
    • Value Chain Analysis
    • Ecosystem Analysis
    • Technology Analysis
    • Trade Analysis
    • Case Study Analysis
    • Patent Analysis
    • Regulatory Landscape
    • Pricing Analysis
    • Trends and Disruptions Impacting Customer Business
    • Impact of AI/Gen AI
    • Key Stakeholders and Buying Criteria
    • Key Conferences and Events
    • MnM Insights on Fluid Transfer Market Trends
  • To strategically profile the key players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments such as deals (joint ventures, mergers & acquisitions, partnerships, collaborations), product launches/developments, and other activities undertaken by the industry participants

Available Customizations

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

  • Fluid transfer system market for two- & three-wheelers and off-highway vehicles at the regional level (those covered in the report)
  • Fluid transfer system market by vehicle type for additional countries (those not covered in the report)
  • Additional company profiles (up to five)

 

Key Questions Addressed by the Report

What is the current size of the fluid transfer system market?

The fluid transfer system market is estimated at USD 2.70 billion in 2025.

Who are the key players in the fluid transfer system market?

The fluid transfer system market is dominated by players such as Cooper Standard (US), TI Fluid Systems (UK), Sumitomo Riko Company Limited (Japan), Parker Hannifin Corp (US), and Gates Corporation (US).

Which region is projected to account for the largest share of the fluid transfer system market?

Asia Pacific is projected to hold the largest share of the fluid transfer system market, fueled by increased vehicle production, a robust industrial base, government support for the automotive and manufacturing sectors, and the localization of OEM supply chains.

Which country is projected to lead the fluid transfer system market in Asia Pacific during the forecast period?

China is projected to dominate the fluid transfer system market in Asia Pacific due to its large-scale automotive production capacity, strong EV manufacturing base, government support for cleaner mobility, and the presence of both global and domestic suppliers that cater to diverse fluid transfer needs.

What are the key market trends impacting the growth of the fluid transfer system market?

Key trends shaping the fluid transfer system market include the adoption of lightweight thermoplastics and composites, integration of sensor and smart fluid lines, expansion of thermal management solutions for EVs and hybrids, increased investment in modular and pre-assembled systems, and focus on sustainability through recyclable materials.

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Growth opportunities and latent adjacency in Fluid Transfer System Market

Akshit

Jun, 2019

Being in lubricant line, its important to be abreast of emission regulations and impact which also has consequences on lubricant selection. .

Akshit

Jun, 2019

We want to know who the major suppliers and customers are for fluid management (coolant and oil) components such as coolant valves, regulators, reservoirs, etc..

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