According to the most recent report by Emergen Research, the size of the worldwide fluid transfer system market is anticipated to reach USD 28.48 billion in 2028, growing at a steady CAGR of 6.2%. The market for fluid transfer systems is seeing revenue growth due to factors such rising premium car demand, stricter fuel emission and tailpipe emissions laws, and CO2 emission standards.

The report investigates the factors influencing industry growth in the global Fluid Transfer System Market and makes accurate predictions about the growth pattern. The report focuses on the market's key elements, such as drivers, restraints, opportunities, threats, risks, limitations, and other factors. The report includes a detailed analysis of the company profiles, product portfolio, and business expansion strategies, as well as a comprehensive analysis of the competitive landscape.

In the manufacturing, transportation, automotive, and aerospace industries, fluid transfer systems are frequently employed. These systems can be utilised alone or integrated into machinery. Hoses, pipelines, valves, and other loading equipment are some typical elements of fluid transfer systems. In automobiles, these systems are utilised for engine cooling, fuel injection, and air conditioning. Some significant factors propelling market expansion include rising vehicle production and demand, expanding Selective Catalytic Reduction (SCR) application in diesel engines, and others.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Contitech, Cooper Standard, Lander Automotive, Akwel, Gates Corporation, Hutchinson, Tristone, TI Fluid Systems, Castello Italio, and Kongsberg Automotive  

Target Audience of the Global Fluid Transfer System Market Report:

• Key Market Players
• Investors
• Venture capitalists
• Small- and medium-sized and large enterprises
• Third-party knowledge providers
• Value-Added Resellers (VARs)
• Global market producers, distributors, traders, and suppliers
• Research organizations, consulting companies, and various alliances interested in this sector
• Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Fluid Transfer System Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Fluid Transfer System market on the basis of product, application, and region:

Segments Covered in this report are:

• Equipment Type Outlook (Revenue, USD Billion; 2018–2028)
• AC lines
• Air suspension lines
• SCR lines
• Brake lines
• DPF lines
• Fuel lines
• Turbo coolant lines
• Transmission oil cooling lines

• Type Outlook (Revenue, USD Billion; 2018–2028)
• Hoses
• Tubing

• Application Outlook (Revenue, USD Billion; 2018–2028)
• Automotive
1. Battery Electric Vehicle (BEV)
2. Plug-in Hybrid Electric Vehicle (PHEV)
3. Mild Hybrid Vehicles
• Aerospace
• Manufacturing
• Others

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Some Key Highlights in the Report

• In May 2020, Puck Enterprises, which is a producer of liquid transfer equipment, announced completion of the acquisition of Coupling Accessories Inc., which is a company producing hose connection and fittings in the US. The acquisition provides Puck Enterprises capability to develop more innovative solutions and offer an enhanced product line to its customers in the liquid transfer industry. Also, the acquisition offers Puck Enterprises and its subsidiary firm, BullDog Hose Company, improved control over their product offerings.
• Selective Catalytic Reduction (SCR) is a cost-effective fuel-efficient technology used to reduce emissions from diesel engines. All heavy-duty diesel truck engines manufactured after 1 January 2020 are required to meet the Environmental Protection Agency (EPA) emission standard. The standard is very stringent, and aimed at reducing nitrogen oxide (NOx) and particulate matter (PM) to near-zero levels. SCR can reduce nitrogen oxide emissions up to 90% while reducing hydrocarbon (HC) and carbon monoxide emissions by 50–90% and particulate matter (PM) emissions by 30–50%.
• Rubber hoses are commonly used for fluid transfer and are designed for specific fluid, pressure, and temperature ranges and are available in a variety of specifications. Rubber hoses have capability of resisting erosive wear better than steel pipes in certain applications.
• North America accounted for a significantly large revenue share in 2020 due to presence of major market players such as Cooper Standard and Gates Corporation. Increasing investment in research development of advanced fluid transfer systems in countries in the region is expected to propel growth of the North America market going ahead.

Additional information offered by the report:

• Along with a complete overview of the global Fluid Transfer System market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Fluid Transfer System market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

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