Fluid Transfer System Market: by Type (Air Suspension Lines, Fuel Lines, Brake Lines, AC Lines, Diesel Particulate Filter (DPF) Lines, and Selective Catalytic Reduction (SCR) Lines, Transmission Oil Cooling Lines, and Turbo Coolant Lines), by Material (Nylon, Stainless Steel, Aluminum, Steel, Rubber, and Other Materials) and by Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, and Bus)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 - 2029

                                          
Abstract
                    
The global fluid transfer system market was valued at 17.2 USD Billion in 2018 and is expected to be valued at 28.47 USD Billion in 2026 at a CAGR of 6.5%. The fluid transfer system market report covers forecast and analysis on a global and regional level. The report presents the complete valuation of the market, opportunities, rivalry, emerging trends, and industry-validated market numbers. The report presents important data of 2016, 2017, & 2018 along with a forecast from 2019 to 2026 based revenue (USD Billion).

A fluid transfer system is a set of components needed to transfer fluids often oil or fuel. Fluid transfer systems are widely used in shipping, manufacturing, aerospace, and automotive industries. These systems can be incorporated in machines or can be operated independently. Pipes, hoses, valves, and accessory loading equipment are common components of fuel transfer systems. These systems are also occurring in automobiles for fuel injection, air conditioning, engine cooling. Here, hoses and valves are used to direct and control the flow. The increasing adoption rate of selective catalytic reduction (SCR) in diesel engines coupled with rising automobile production is accelerating the market growth. Moreover, stringent emissions and fuel efficiency regulations around the globe are also driving the growth of the global fluid transfer system market. On the dark side, lower replacement rate of fluid transfer systems could hinder the market growth.


Based on the type, the global fluid transfer system market has been classified into fuel lines, air suspension lines, AC lines, brake lines, diesel particulate filter (DPF) lines, transmission oil cooling lines, selective catalytic reduction (SCR) lines, and turbo coolant lines. The selective catalytic reduction (SCR) segment has accredited for the largest share in terms of revenue. The increasing number of passenger cars and LCVs are equipping with SCRs as they emit more NOx as compare to small size engines. Additionally, due to ongoing stringent emission norms, lesser CO2 emissions, and lower consumption of fuel, the demand for this segment is significantly elevating.

The global fluid transfer system market is categorized into a passenger car, light commercial vehicle, truck, and bus. In the global fluid transfer system market passenger car segment has gained substantial growth over the years. Increasing sales of passenger cars coupled with rising number of automobile production in fueling the segment growth. Moreover, increasing adoption rate of SCRs in passenger car engines is further boosting the segment growth, which in turn driving the demand for fluid transfer system market value.

Based on the region, Asia-Pacific has accredited for the highest market share in 2018. Increasing the population in the region coupled with increasing sales of automobiles equipping with SCRs is driving regional growth. Increasing adoption of SCR in buses and trucks with rising implementation of stringent rules and regulations regarding CO2 emissions is further escalating the market in the region.

The fluid transfer system market is merged with major players including Gates, Castello Italia, Tristone, Hutchinson, Lander Automotive, TI Fluid Systems, Akwel, Contitech, Kongsberg Automotive, and Cooper Standard. The major tactics implemented by these leading companies in the market are recent developments, partnerships, and mergers & acquisitions. These companies are focusing on investment in collaborations, evolutions, and expansions to increase their market stake.

This report segments the global fluid transfer systems market as follows:

Global Fluid Transfer Systems Market: Type Segment Analysis

	Brake
	Fuel
	AC
	Air Suspension
	DPF
	SCR
	Transmission Oil
	Turbo Coolant

Global Fluid Transfer Systems Market: Material Segment Analysis

	Al
	Rubber
	Nylon
	Steel
	Stainless Steel

Global Fluid Transfer Systems Market: Vehicle Type Segment Analysis

	PC
	LCV
	HCV
	OHV
	BEV
	HEV
	PHEV

Global Fluid Transfer Systems Market: Regional Segment Analysis

	North America
	
		U.S.
	
	
	Europe
	
		UK
		France
		Germany
	
	
	Asia Pacific
	
		China
		Japan
		India
	
	
	Latin America
	
		Brazil
	
	
	Middle East and Africa