Fluid Transfer System Market: Global Industry Analysis and Forecast (2023-2029)

Fluid Transfer System Market was valued at US$ 26.42 Bn. in 2022 and the total revenue is expected to grow at 5.6% of CAGR through 2023 to 2029, reaching nearly US$ 38.68 Bn.

Fluid Transfer System Market Overview:

A fluid transfer system is the complete set of components required to move a fluid often oil or gasoline from one location to another. These systems are widely used in the manufacturing, shipping, automotive, and aerospace sectors, and their capabilities vary greatly depending on the application and drive of the fluid transfer system market. They can be integrated into machinery or utilized on their own. Hoses, pipelines, valves, and supplementary loading equipment are all common components of gasoline transfer systems. The fluid transfer also happens within the vehicle. Gasoline injection, engine cooling, and air conditioning systems are all designed to transfer fluids throughout the vehicle, such as coolant or fuel. To guide and control the flow, hoses and valves are employed. In industries such as shipping, larger fluid transfer systems are utilized to move a significant amount of fluid for storage or shipment. For example, the oil industry uses fluid transfer systems to transport oil from offshore drilling rigs to tanker ships and subsequently to refineries for processing to drive the fluid transfer system market. Crude oil is poured into the ship's tanks through a hose, then pumped back out at the destination.Fluid Transfer System MarketTo know about the Research Methodology :- Request Free Sample Report

Fluid Transfer System Market Dynamics:

Demand for AC lines is influenced by the desire for greater cabin comfort drive the fluide system market. An increase in superior cabin comfort experience has propelled the growth of the AC lines market ever-increasing. Air conditioning has become a common system found in almost every passenger car worldwide. The rising demand for mid- & full-size SUVs and luxury vehicles with enhanced cabin comfort will drive the AC market mainly for the rear compartment and 2nd & 3rd row in the case of SUVs. Furthermore, there is an increasing push from regional bodies to mandate cabin air conditioning in heavy commercial vehicles. For example, the European Commission mandated the use of cabin AC in all commercial trucks, and the Indian government has proposed to mandate the fitment of air conditioning in HCVs. Manufacturers now provide greater comfort as a result. Because of this competitiveness, OEMs are under tremendous pressure to provide air conditioning systems for cars that are more advanced technologically. These elements are expected to drive the AC market throughout the forecast period and also drive the fluid transfer system market globally. Upcoming opportunity for fluid transfer system market players The variety of different fluid transfer products on the market, from straightforward tubing to complex mixing solutions, is expected to drive market growth for fluid transfer solutions throughout the forecast period. Among the goods offered are single-use systems (for small-volume transfer tubes and sampling), custom sample solutions, various filtering, and transferring assemblies, multi-bag mixing systems, and bottle manifolds. Many companies in this industry are concentrating on the creation of innovative methods for dealing with fluid solutions, enhanced automation, and the commercialization of new technologies. Future fluid transfer system market growth is expected to be driven by these factors. Transmission fluid change cost Changes to the transmission fluid can vary. Every 100,000 miles, according to certain manufacturers' maintenance plans, new fluid is required. Manufacturers of Ford vehicles even suggest every 150,000 kilometers. The standard recommendation among technicians is to replace the gearbox fluid every 50 000 miles. More traditional gear oil is needed for manual transmissions than for automated transmissions. In any case, you should refer to your vehicle's owner's handbook for maintenance advice. Users should change the fluid periodically to prevent costly harm to their cars. As a result, the lifespan will be maximized. Heat will not diffuse properly in the dirty fluid. A better lubricant is one that is cleaner. The clutches and other gearbox parts will deteriorate if the fluid isn't changed. Older fluid will be the only thing holding the gearbox from sliding after the clutch components start to lose their hold. The price to change the fluid in an automatic gearbox is often more than in a manual transmission. This is due to the possibility that the work may also require replacing the oil filter and pan gasket. The overall cost for this treatment is estimated to be between $300 and $500. With labor prices taking up the remaining funds and part costs ranging from $150 to 275. Manual transmissions may be obtained for as little as $150. This is due to the lack of a filter. As a result, there is no need to repair it or the gasket. The cost of this procedure will be greatly reduced, with parts remaining approximately $50-$60. With labor expenses remaining in the $75-$100 range. However, users will need to change the manual transmission fluid more frequently.

Fluid Transfer System Market Segment Analysis:

Based on off highway vehicle, the Fluid Transfer System Market is segmented into Agricultural Tractores, Construction equipment, Mining types of equipment. Agricultural Tractores held largest market share in 2022. This growth is driven by the global agriculture sector's growing automation, a labor shortage among trained farm workers, rising labor costs, and the increasing need for operational profitability. Analysis indicates that the demand for agricultural tractors globally was expected at close to 2.8 million units in 2022 and is expected to grow at a CAGR of 6.8% from 2022 to 2030. The market for fluid transfer systems for agricultural tractors is also growing as a result of subsidies and other financial assistance provided by regional governments for the purchase of farm equipment. Hydraulic lines, brake lines, DPF lines, fuel lines, SCR lines, transmission oil cooling lines, turbo coolant lines, and engine cooling lines are the fluid transfer systems utilized in agricultural tractors. The future emission standards will have lower emission limits for agricultural tractors, which will increase the need for after treatment devices and open up new opportunities for the development of fluid transfer lines like DPF and SCR lines in off-highway vehicles. The market for fluid transfer for agricultural tractors is thus expected to grow considerably throughout the forecast period. Fluid Transfer System MarketBased on the Material, the Fluid Transfer System Market is segmented into Nylon, Steel, Stainless Steel, Aluminium, Rubber, and Others. Rubber type of material is expected to dominate the market during the forecast period. A two-ply rubber tube covered with a protective rubber layer and a layer of reinforcing fiber makes up an automotive fuel hose. The two-ply rubber tube consists of an outer layer of synthetic rubber, such as epichlorohydrin rubber or ethylene-acrylic rubber, which is better at withstanding cold temperatures but less resistant to sour gasoline, and an extremely thin inner layer of fluorine rubber that is resistant to fuel, even to sour gasoline. Extrusion is used to create the inner and outer layers, ideally simultaneously to drive the demand for rubber tubes in the fuel transfer system market. Recent cars have a tendency to have significantly more complicated fuel systems as a result of the use of numerous strategies to provide appropriate exhaust emission control and it helps to drive the fluid transfer system market. Therefore, under the impact of exhaust emission control devices, gasoline running through the fuel line in many modern cars is likely to experience a significant increase in temperature. The heated fuel may then be partly oxidized to create so-called sour fuel, which is extremely corrosive to many organic compounds, including synthetic rubbers. The pressure that is delivered to the fuel in vehicles with fuel injection systems increases the corrosive effect of sour gasoline on the fuel hose material. Nitrile rubber, which was formerly a suitable material for gasoline hoses because of its heat resistance and oxidation resistance, is no longer so when such changes in the fuel's state are taken into account. In other words, there is an issue since nitrile rubber, the primary material used in vehicle gasoline hoses, cannot be expected to have a long enough service life. It is now required to use a fuel pipe with enough resistance since fuel leaks might occur as a consequence of fuel hose degradation, which poses a major risk.

Fluid Transfer System Market Regional Insights:

The Asia Pacific region dominated the market with 45 % share in 2022. The Asia Pacific region is expected to be the fastest-growing market for fluid transfer systems from 2023 to 2029, as upcoming emission standards in the region are among the primary driving factors affecting the Fluid Transfer System Market. For instance, China put China 6a into effect in January 2022 and intends to put 6b into effect in 2023. In a similar manner, India adopted BS-VI standards in 2020. The desire for premium vehicles has also grown significantly during the same period. The demand for automobiles has increased, especially for high-end passenger cars and SUVs, which has intensified the need for luxurious interiors and improved air conditioning and suspension systems. For example, the rising demand for luxury cars in China is drawing substantial investments from both domestic and international companies. Demand for luxury brands like Mercedes-Benz and Audi has increased. Due to the considerable market share of D, E, and F-segment automobiles, which need air suspension technologies and turbochargers, Japan and South Korea account for a sizeable portion of fluid transfer system devices in passenger cars. The Asia Pacific area produces a lot of SUVs, which presents huge development opportunities for local and international OEMs to develop cutting-edge models to meet local consumer demand. The OEMs are also refocusing their efforts on gasoline automobiles with direct injection engines (TGDI) in required to conform with the upcoming emission standards. During the forecast period, this trend is expected to gain momentum quickly. As a result, the market for fluid transfer systems in the region is expected to grow significantly over the next several years.

Fluid Transfer System Market Scope: Inquiry Before Buying

Fluid Transfer System Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 26.42 Bn.
Forecast Period 2023 to 2029 CAGR: 5.6% Market Size in 2029: US $ 38.68 Bn.
Segments Covered: by System 1.Air suspension Line 2.Fuel Lines 3.Brake lines 4.Ac lines 5.Diesel Particulate filter (Dpf)line 6.Selective catalytic reduction (SCR) line 7.Transmission oil cooling line 8.Turbo cooling line 9.Air brake line
by Material 1.Nylon 2.Steel 3.Stainless Steel 4.Aluminium 5.Rubber 6.Other
by Type 1.Hoses 2.Tubing
by off-highway vehicles type 1.Agricultural Tractores 2.Construction equipment 3.Mining types of equipment

Fluid Transfer System Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Fluid Transfer System Market, Key Players are:

1.Accurate Products 2.Ags Automotive Solutions 3. Akwel 4.Balcrank Corporation, Inc. 5.Calex Auto Pvt. Ltd. 6.Castello Italia 7.Continental Ag 8. Cooper Standard 9.Delfingen 10.Gates Corporation 11. Graco Inc. 12.Hutchinson 13. Kongsberg Automotive 14. Kros Otomotiv Sanayi Ve Tic A.S. 15.Lander Tubular Products 16.Macnaught Pty Ltd 17.Newage Industries 18.Parker Hannifin Corp 19.Pirtek Fluid Transfer Solutions 20. Reelcraft Industries 21.Sanden Vikas (India) Ltd. 22. Sanoh Industrial Co. Ltd. 23.SIC 24.TI Fluid Systems 25. Tristone Frequently Asked Questions: 1] What segments are covered in the Global Fluid Transfer System Market report? Ans. The segments covered in the Fluid Transfer System Market report are based on System, Material, Type and off-highway vehicles type. 2] Which region is expected to hold the highest share in the Global Fluid Transfer System Market? Ans. The North America region is expected to hold the highest share in the Fluid Transfer System Market. 3] What is the market size of the Global Fluid Transfer System Market by 2029? Ans. The market size of the Fluid Transfer System Market by 2029 is expected to reach US$ 38.68 Bn. 4] What is the forecast period for the Global Fluid Transfer System Market? Ans. The forecast period for the Fluid Transfer System Market is 2023-2029. 5] What was the market size of the Global Fluid Transfer System Market in 2022? Ans. The market size of the Fluid Transfer System Market in 2022 was valued at US$ 26.42 Bn.
1. Global Fluid Transfer System Market: Research Methodology 2. Global Fluid Transfer System Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Fluid Transfer System Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Fluid Transfer System Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Fluid Transfer System Market Segmentation 4.1 Global Fluid Transfer System Market, by System (2022-2029) • Air suspension Line • Fuel Lines • Brake lines • Ac lines • Diesel Particulate filter (Dpf)line • Selective catalytic reduction (SCR) line • Transmission oil cooling line • Turbo cooling line • Air brake line 4.2 Global Fluid Transfer System Market, by Material (2022-2029) • Nylon • Steel • Stainless Steel • Aluminium • Rubber • Other 4.3 Global Fluid Transfer System Market, by Type (2022-2029) • Hoses • Tubing 4.4 Global Fluid Transfer System Market, by off-highway vehicles type (2022-2029) • Agricultural Tractores • Construction equipment • Mining types of equipment 5. North America Fluid Transfer System Market(2022-2029) 5.1 North America Fluid Transfer System Market, by System (2022-2029) • Air suspension Line • Fuel Lines • Brake lines • Ac lines • Diesel Particulate filter (Dpf)line • Selective catalytic reduction (SCR) line • Transmission oil cooling line • Turbo cooling line • Air brake line 5.2 North America Fluid Transfer System Market, by Material (2022-2029) • Nylon • Steel • Stainless Steel • Aluminium • Rubber • Other 5.3 North America Fluid Transfer System Market, by Type (2022-2029) • Hoses • Tubing 5.4 North America Fluid Transfer System Market, by off-highway vehicles type (2022-2029) • Agricultural Tractores • Construction equipment • Mining types of equipment 5.5 North America Fluid Transfer System Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Fluid Transfer System Market (2022-2029) 6.1. European Fluid Transfer System Market, by System (2022-2029) 6.2. European Fluid Transfer System Market, by Material (2022-2029) 6.3. European Fluid Transfer System Market, by Type (2022-2029) 6.4. European Fluid Transfer System Market, by off-highway vehicles type (2022-2029) 6.5. European Fluid Transfer System Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Fluid Transfer System Market (2022-2029) 7.1. Asia Pacific Fluid Transfer System Market, by System (2022-2029) 7.2. Asia Pacific Fluid Transfer System Market, by Material (2022-2029) 7.3. Asia Pacific Fluid Transfer System Market, by Type (2022-2029) 7.4. Asia Pacific Fluid Transfer System Market, by off-highway vehicles type (2022-2029) 7.5. Asia Pacific Fluid Transfer System Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Fluid Transfer System Market (2022-2029) 8.1 Middle East and Africa Fluid Transfer System Market, by System (2022-2029) 8.2. Middle East and Africa Fluid Transfer System Market, by Material (2022-2029) 8.3. Middle East and Africa Fluid Transfer System Market, by Type (2022-2029) 8.4. Middle East and Africa Fluid Transfer System Market, by off-highway vehicles type (2022-2029) 8.5. Middle East and Africa Fluid Transfer System Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Fluid Transfer System Market (2022-2029) 9.1. South America Fluid Transfer System Market, by System (2022-2029) 9.2. South America Fluid Transfer System Market, by Material (2022-2029) 9.3. South America Fluid Transfer System Market, by Type (2022-2029) 9.4. South America Fluid Transfer System Market, by off-highway vehicles type (2022-2029) 9.5. South America Fluid Transfer System Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Accurate Products 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Ags Automotive Solutions 10.3 Akwel 10.4 Balcrank Corporation, Inc. 10.5 Calex Auto Pvt. Ltd. 10.6 Castello Italia 10.7 Continental Ag 10.8 Cooper Standard 10.9 Delfingen 10.10 Gates Corporation 10.11 Graco Inc. 10.12 Hutchinson 10.13 Kongsberg Automotive 10.14 Kros Otomotiv Sanayi Ve Tic A.S. 10.15 Lander Tubular Products 10.16 Macnaught Pty Ltd 10.17 Newage Industries 10.18 Parker Hannifin Corp 10.19 Pirtek Fluid Transfer Solutions 10.20 Reelcraft Industries 10.21 Sanden Vikas (India) Ltd. 10.22 Sanoh Industrial Co. Ltd. 10.23 SIC 10.24 TI Fluid Systems 10.25 Tristone
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