Press release
Top Market Shifts Transforming the Automotive Turbocharger Hose Market Landscape: Key Insights
Automotive Turbocharger Hose Market
What Is the Expected CAGR for the Automotive Turbocharger Hose Market Through 2025?
The market size for automotive turbocharger hoses has witnessed swift expansion in the recent past. It is predicted to escalate from $14.92 billion in 2024 to $16.55 billion in 2025, recording a compound annual growth rate (CAGR) of 11.0%. Factors contributing to the growth during this historic period include a rise in demand for fuel-efficient vehicles, strict vehicle emission regulations, expansion of the automotive industry, increased consumer awareness about engine performance, and the adoption of turbocharged engines by original equipment manufacturers (oems).
What's the Projected Size of the Global Automotive Turbocharger Hose Market by 2029?
The automotive turbocharger hose market is projected to witness a substantial increase in the forthcoming years, surging to a value of $25.14 billion by 2029, with a compound annual growth rate (CAGR) of 11.0%. The predicted expansion throughout the forecast period could be credited to the globalisation and trade dynamics within the automotive industry, the use of turbocharging systems for diesel engines, the shift towards electric and hybrid automobiles, ongoing attention on reducing emissions in the automotive sphere, as well as the rising application of hoses in cooling and lubrication systems and turbocharger hose customisation for enhanced performance. Upcoming trends throughout the forecast period encompass technological enhancements in hose materials, breakthroughs in automotive turbocharger tech, the incorporation of progressive sensor technologies, the application of 3d printing in hose production, and synergies between car manufacturers and hose producers.
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Top Growth Drivers in the Automotive Turbocharger Hose Industry: What's Accelerating the Market?
The surge in the manufacturing of light commercial vehicles is anticipated to drive the expansion of the automotive turbocharger hose market in future. Light commercial vehicles (LCVs), also termed as cargo trucks, have a functional weight of less than 7.5 tons. These vehicles use turbocharger hoses to convey air to the turbocharger of the vehicle, thus ensuring effective engine performance. For instance, the Federal Reserve Board, a central banking system from USA, reported in June 2023 that the production of light trucks in the USA escalated from 8.16 million units in December 2022 to 9.35 million units by May 2023. As such, the escalating manufacturing trends of light commercial vehicles are fueling the growth of the automotive turbocharger hose market.
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What Trends Will Shape the Automotive Turbocharger Hose Market Through 2029 and Beyond?
Innovations in product development are a significant trend gaining traction in the automotive turbocharger hose market. To maintain their market standing, prominent businesses within the automotive turbocharger hose industry are focusing on rolling out new product lines. For instance, in May 2023, NRF, a motor vehicle production company based in the Netherlands, introduced a new lineup of turbo hoses. With a variety that includes 282 references specifically designed for light commercial vehicles and passenger cars. The arrangement of a vehicle dictates the number and placement of turbo hoses - with the charge air cooling system requiring a minimum of four hoses. These hoses facilitate connections between the intercooler, the turbocharger, and the intake manifold. The provided clamps simplify hose installation, allowing for speedy and efficient installment in workshops. The Easy Fit turbo hose range offers an efficient system for smooth hose replacement.
What Are the Main Segments in the Automotive Turbocharger Hose Market?
The automotive turbocharger hose market covered in this report 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), After market
Subsegments:
1) By Extruded Charge Air Hoses: Silicone Extruded Charge Air Hoses, EPDM Extruded Charge Air Hoses, Reinforced Extruded Charge Air Hoses
2) By Suction Blow Molded Plastic Hoses: Polypropylene (PP) Blow Molded Hoses, Polyethylene (PE) Blow Molded Hoses, Custom Blow Molded Plastic Hoses
3) By Wrapped Charge Air Hoses: Textile-Wrapped Charge Air Hoses, Fiberglass-Wrapped Charge Air Hoses, Rubber-Wrapped Charge Air Hoses
4) By Other Products: Turbocharger Oil Drain Hoses, Turbocharger Coolant Hoses, Custom-Made Turbocharger Hoses
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Which Top Companies are Driving Growth in the Automotive Turbocharger Hose Market?
Major companies operating in the automotive turbocharger hose market include General Motors, Continental AG, Daikin Industries Ltd., Eaton Corporation plc, Solvay S.A, BorgWarner Inc., DuPont de Nemours Inc., Toyoda Gosei Co. Ltd., Gates Industrial Corporation plc, Semperit Group, Masterflex Group, Flexfab Horizons International Inc., Melett Limited, Ferdinand Bilstein GmbH + CO.KG, Marugo Rubber Industries Ltd., Turbonetics Inc., Viper Performance Hoses Ltd., Silflex Ltd., Bugiad GmbH, Turbo Ideal d.o.o., Wacker Chemie AG, Mega Flex Plastics Limited, Goodyou Elastomer Technology Solution Co. Ltd., Cooper Standard Automotive Inc., Federal Hose
Which Regions Will Dominate the Automotive Turbocharger Hose Market Through 2029?
Europe was the largest region in the automotive turbocharger hose market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive turbocharger hose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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