Fluid Transfer System Market - Trends Forecast Till 2028

Fluid Transfer System Market, by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake),Material (Al, Rubber, Nylon, Steel, Stainless Steel), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: February, 2021

Base Year Estimate: 2020

Report ID: D-AU-FTSM-97

Format:  

Number of Pages: 260

Domain: Automotive

Fluid Transfer System Market – Trends Forecast Till 2028

The global Fluid Transfer System market is anticipated to reach USD 18.1 billion in 2021 growing at a CAGR of 6.9% during the forecasting period, 2021-2028. 

A fluid transfer system is used to serve the purpose of transfer of fluids. Fluids belong to a category of materials that are not easy to transport. A fluid transport system contains all the essential components required for transport.  Very prominent fluids requiring transportation include oils and fuel. The components of the fuel transport system are hoses, pipes, valves and some accessory loading equipment. These systems can be installed in any automobile be it a car or a ship. Some extensive fluid transfer systems are installed in ships that are used to transport oils and fuel. Often the selection of a correct fluid transfer system determines the efficiency and safety of the transfer.

Due to strict laws for tailpipe emission limits and also the rise in automobile production are some of the factors that have supported long-term expansion for the Global Fluid Transfer System industry. 

Fluid Transfer System Market – Trends Forecast Till 2028

The global Fluid Transfer System market is segmented into type, material, On and Off-highway, EV, and geography.

Type segment is segmented into Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, and Air Brake

Material segment is segmented into Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, and Air Brake

Geographically, the Global Fluid Transfer System market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America, and insights are provided for each region and major countries within the regions

Key players in the Global Fluid Transfer System market are Cooper Standard (US), Kongsberg (Switzerland), Contitech (Germany), Akwel (France), and TI fluid systems (UK) among others. 

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Global Fluid Transfer System market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Fluid Transfer System market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Global Fluid Transfer System market.

Primary Respondent breakdown is given below:

Primary Respondents

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Global Fluid Transfer System market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the Global Fluid Transfer System market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 18.1 billion

Growth Rate

CAGR of 6.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Type, Material, On-Off highway, EV, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Cooper Standard (US), Kongsberg (Switzerland), Contitech (Germany), Akwel (France), and TI fluid systems (UK)

Available Customization 

In addition to the market data for the Global Fluid Transfer System market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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