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Automotive Turbocharger Hose Market Analysis 2023: Market Size, Share, Growth Drivers And Forecast To 2032 | General Motors, Continental AG, Daikin Industries Ltd., Eaton Corporation plc, Solvay S.A
Automotive Turbocharger Hose Market
The Business Research Company's Automotive Turbocharger Hose Global Market Report 2023 identifies growing production of light commercial vehicles as the major driver for the Automotive Turbocharger Hose market's growth in the forecast period. A light commercial vehicle (LCV) is any cargo truck with an operational weight under 7.5 tons. In LCVs, turbocharger hoses transfer air to the vehicle's turbocharger, ensuring optimal engine operation.
The global automotive turbocharger hose market is expected to grow from $12.04 billion in 2022 to $13.51 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The automotive turbocharger hose market is expected to reach $20.4 billion in 2027 at a CAGR of 10.9%.
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Major competitors in the Automotive Turbocharger Hose market are General Motors, Continental AG, Daikin Industries Ltd., Eaton Corporation plc, Solvay S.A.
A key trend in the Automotive Turbocharger Hose market includes Product innovations. Major companies operating in the automotive turbocharger hose market are focused on developing new products to sustain their position in the market. For instance, in May 2023, NRF, a Netherlands-based motor vehicle manufacturing company, launched a new range of turbo hoses, offering a wide selection of 282 references for passenger cars and light commercial vehicles. The vehicle's layout determines the number and placement of turbo hoses, with at least four hoses used in the charge air cooling system. These hoses connect the intercooler, turbocharger, and intake manifold. The installation of the hoses is simplified with the included clamps, making it easy and efficient for workshops to install suitable hoses quickly. The Easy Fit range of turbo hoses provides a convenient solution for seamless hose replacement.
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The Automotive Turbocharger Hose market is segmented -
1. By Product: Extruded Charge Air Hoses, Suction Blow Molded Plastic Hoses, Wrapped Charge Air Hoses, Other Products
2. By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Other Vehicle Types
3. By Fuel: Gasoline, Diesel
4. By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Automotive Turbocharger Hose market.
The Business Research Company's "Global Automotive Turbocharger Hose Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Turbocharger Hose Market Include:
1. Executive Summary
2. Automotive Turbocharger Hose Market Characteristics
3. Automotive Turbocharger Hose Market Trends And Strategies
4. Automotive Turbocharger Hose Market - Macro Economic Scenario
……
32. Global Automotive Turbocharger Hose Market Competitive Benchmarking
33. Global Automotive Turbocharger Hose Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Turbocharger Hose Market
35. Automotive Turbocharger Hose Market Future Outlook and Potential Analysis
36. Appendix
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