Automotive Turbocharger Hose Market To Witness Phenomenal Proceeds Over 2021-2027
The automotive turbocharger hose market is set to grow from its current market value of more than USD 2 billion to over USD 3 billion. An increase in manufacturing and sales of commercial vehicles will significantly influence the automotive turbocharger hose industry 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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The HCV turbocharger hose industry will gain considerable traction in the coming years. This can be owed to the robust applicability and ability of turbocharged HCVs to carry heavy loads. It is also found that turbocharger-equipped commercial vehicles offer heavy operability and maximum efficiency.
Leading manufacturers like Sumitomo Electric Industry and Solvay are coming up with hoses for turbochargers that can be adopted in heavy commercial vehicles. Citing the same with an instance, Gates Corporation introduced the FleetRunner Silicone turbocharger hose as well as the FleetRunner Turbocharger hose kits for truck & bus turbocharging systems. These hoses make use of bonded FKM liners to counter degradation resulting from oil infusion.
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 Asia Pacific automotive turbocharger hoses market 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.
The Organisation Internationale des Constructeurs d'Automobiles revealed that there was a significant rise in the production of heavy trucks in China, reaching up to 4.1% in 2019. It was also estimated that this manufacturing across the region saw an increase from 2.1 million units in 2018 to 2.2 million units in 2019.
Suppliers of automotive turbocharger hose kits are incorporating various strategies like acquisitions and partnerships to increase their global presence and gain a positive edge over other competitors. For instance, SumiRiko Hosetex, Ltd., a subsidiary of Sumitomo Riko Company Ltd. for hydraulic and industrial hose manufacturing and sales, merged with the firm’s subsidiary for hose assembly machining and domestic sales, SumiRiko Hose Sales, Ltd. Motair Turbolader GmbH, Cooper Standard, Bugiad, Solvay, Continental, WACKER Chemie AG, Ferdinand Bilstein GmbH + Co. KG, Megaflex Limited, and Turbonetics, Inc, are other participants in the business.
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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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