Automotive Turbocharger Hose Market: Global Opportunities, Regional Outlook & Industry Analysis To 2027
Global automotive turbocharger hose market is anticipated to depict a CAGR of 6% through 2027, having recorded a valuation of USD 2 billion in 2020. By 2027, the market is expected to hit a remuneration of USD 3 billion.
An increase in manufacturing and sales of commercial vehicles will significantly influence the automotive turbocharger hose market trends through the next few years. There is a strong demand for fuel-efficient passenger vehicles in countries like U.S., China, Germany, the UK, and France.
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Various OEM participants are consistently working towards incorporating fuel-efficient engines to enhance the performance of the vehicles. Besides, there is an ease of access and abundant availability of turbocharger hoses that can be used across numerous vehicle models.
The annual revenue from HCV’s in the turbocharger hose industry is expected to reach a significant value in the coming years owing to the higher applicability and capacities of these vehicles to carry heavy loads. Leading auto-part manufacturers like Sumitomo Electric Industry and Solvay are consistently coming up with turbochargers along with their hoses for heavy commercial vehicles to offer heavy operability and maximum efficiency.
For an instance, Gates Corporation, developed two new turbocharger hoses, FleetRunner Silicone and the FleetRunner for uses in truck & bus turbocharging systems. These components employ a bonded FKM liner to render protection against degradation coming from oil infusion. On the other hand, the demand for PCV vehicles will gain considerable traction up to 2027 with the expansion in the sales of top-high class passenger turbocharged vehicles.
While the Automotive Turbocharger Hose Market share from PCV vehicles will strike an exponential CAGR up to 2027 considering the surge in the number of sales for premium passenger turbocharged vehicles. The turbocharger hose market from the gasoline fuel segment is projected to expand due to their growing adoption.
There is an increase in the number of these hoses as they offer higher levels of fuel efficiency. The gasoline-run turbocharger hoses also deliver excellent performance and assist in transforming much of the fuel into power in comparison to aspirated engines. They are also suitable for operating at higher temperature levels.
The market for automotive turbocharger hoses in the Asia Pacific will register a dominant revenue share through 2027. This can be attributed to the continuous manufacturing of heavy-duty trucks across China and India. The expansion in infrastructural developments has added positive impetus to the penetration of turbocharged HCVs across the continent.
Providers of automotive turbocharger hose kits are incorporating various inorganic strategies like collaborations and partnerships to expand their offerings and customer base as well as to sharpen their business operations. For instance, Sumitomo Riko Company Ltd. partnered with SumiRiko Hosetex, Ltd., its subsidiary for hydraulic and industrial hose production in July 2018.
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Some Point from Table of Contents:
Chapter 6 Automotive Turbocharger Hose Market, By Fuel
6.1 Key trends, by fuel
6.2 Gasoline
6.2.1 Market estimates and forecast, 2016 – 2027
6.3 Diesel
6.3.1 Market estimates and forecast, 2016 – 2027
Chapter 7 Automotive Turbocharger Hose Market, By Distribution Channel
7.1 Key trends, by distribution channel
7.2 OEM
7.2.1 Market estimates and forecast, 2016 – 2027
7.3 Aftermarket
7.3.1 Market estimates and forecast, 2016 – 2027
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