Top Fluid Transfer System Companies

The fluid transfer system market is expected to reach USD 29.95 billion in 2032, from USD 23.93 billion in 2025, with a CAGR of 3.3%. The market is growing steadily, fueled by increased vehicle production, stringent emission standards, and the trend of electrification. The demand for fluid transfer systems is also rising due to the need for efficient fuel, brake, coolant, and air management solutions in passenger cars, light commercial vehicles, trucks, and buses. In electric and hybrid vehicles, advanced thermal management systems are opening new opportunities for hoses, tubes, and lines that control battery and motor temperatures. Material innovations, such as lightweight composites and multilayer plastics, improve durability, reduce weight, and boost efficiency. Additionally, OEM investments in next-generation propulsion systems and supportive regulations for cleaner mobility are encouraging suppliers to expand capabilities and develop more specialized fluid transfer products.

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Key players in the fluid transfer system market include Cooper Standard (US), TI Fluid Systems (UK), Sumitomo Riko Company Limited (Japan), Parker Hannifin Corp (US), and Gates Corporation (US). These companies develop innovative products, execute expansion strategies, and promote collaborations, partnerships, mergers, and acquisitions to establish a strong presence in the rapidly growing fluid transfer system market. Both organic and inorganic strategies have helped market players expand globally by providing fluid transfer system components.

Cooper Standard (US) is a major player in the global fluid transfer system market, providing OEMs like Ford, GM, Stellantis, Renault-Nissan, and Volkswagen with products such as hoses, fuel rails, and vapor lines for passenger, commercial, and off-highway vehicles. About 84% of its 2024 sales come from fluid transfer and sealing products, and the company is also developing EV-focused solutions that enhance thermal management efficiency and reduce costs. In June 2025, the company received the 2024 Ford Supplier of the Year award from Ford Motor Company (US). Additionally, Cooper Standard has introduced several fluid transfer system solutions. For instance, in September 2023, the company launched TPV (Thermoplastic Vulcanizate) hoses for EV thermal management systems. These TPV hoses can save up to 40% compared to EPDM hoses and offer greater flexibility than thermoplastic tubes of similar size.

TI Fluid Systems (UK) is a leading player in the global fluid transfer system market, supplying OEMs such as GM, Mercedes-Benz, Audi, Aston Martin, and Fiat with thermal management products, brake and fuel lines, ADAS cleaning lines, and fuel tank systems for BEV, HEV, and ICE vehicles. With operations in 26 countries and 98 manufacturing sites, the company leverages its expertise in multilayer plastic tubing and composite products to support lightweighting and emissions compliance, while expanding EV-focused solutions like battery cooling tubes and sensor-integrated lines. In April 2025, TI Fluid Systems announced that ABC Technologies (Canada) had acquired TI Fluid Solutions for USD 2.41 billion, and the combined business is set to be rebranded as TI Automotive later in 2025. The company is working on developing next-generation automotive thermal refrigerant modules in collaboration with SANDEN Corporation (Japan), as announced in December 2023.

Sumitomo Riko Company Limited (Japan) is a leading player in the fluid transfer system market, supplying OEMs such as Toyota, Subaru, and Maruti Suzuki with products including coolant, air conditioning, water, oil, and fuel hoses for passenger cars, commercial vehicles, and off-highway applications. The company is also expanding into hydrogen-related components to support fuel cell electric vehicle deployment. In February 2025, Sumitomo Riko 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 tank to the fuel cell stack. In April 2023, it announced a new manufacturing facility in Vietnam focused on producing water, air, and other automotive hoses.

Parker Hannifin Corp (US) is a top provider in the fluid transfer system market, supplying OEMs like General Motors, BMW, and Tesla with rugged hoses, tubing, and fittings for passenger cars, commercial vehicles, and off-highway uses. Known for its durability in tough environments, the company uses its global manufacturing network of 335 plants across 42 countries to deliver quick service and local support. Parker Hannifin is growing its EV-focused product line with items like electric cooling hose systems, while also selling off non-core operations to concentrate on high-value, application-specific solutions. In June 2025, Parker Hannifin bought Curtis Instruments, Inc. (US) for about USD 1 billion to boost its role in electric and hybrid vehicle systems. The company also opened two new Mobile Technology Centers (MTC) in North America in February 2025. These centers aim to improve local access to fluid transfer and motion control solutions.

Gates Corporation (US) is a key player in the fluid transfer system market, supplying OEMs like Volkswagen, Nissan, Honda, Tata Motors, and Dacia. Around 68% of its sales come from the replacement channel. Its fluid transfer portfolio includes hydraulic hose assemblies, air conditioning hoses and couplings, coolant hoses, fuel line hoses, heater hoses, and turbocharger hoses for passenger cars, commercial vehicles, and off-highway machinery. With a presence in over 120 locations across 30 countries, Gates is expanding into high-demand applications with advanced hose technologies. In January 2022, Gates launched the new ProV hydraulic hose in its PRO series. The ProV hose meets all the requirements of the recognized EN 857 2SC and SAE 100 R16 standards and is available in seven sizes ranging from -4 to -16 inches.

The fluid transfer system market is moderately fragmented, with Cooper Standard, TI Fluid Systems, Sumitomo Riko Company Limited, Parker Hannifin Corp, and Gates Corporation holding around 15–30% of the global market. Cooper Standard emphasizes lightweight multilayer tubing and thermoplastic solutions for EV thermal management, supported by product innovation and customer-focused programs. TI Fluid Systems specializes in fuel delivery and EV thermal systems, strengthening its position through modular platforms, localized production, and close OEM partnerships. Sumitomo Riko focuses on hoses and vibration-control products, leveraging Japanese OEM relationships and investments in material technology for higher durability and safety. Parker Hannifin offers hydraulic and industrial fluid solutions with strong capabilities in system integration, advanced materials, and aftermarket services. Gates Corporation develops high-performance hoses and belts for ICE and EV platforms, focusing on thermal management, global distribution reach, and digital design tools. These companies highlight a mix of regional strengths and technology-driven differentiation, though overall market concentration remains relatively low compared to other automotive component segments.

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

Related Reports:

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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