What Is The Current and Historic Market Size Analysis Of The Automotive Turbocharger Hose Market?
The automotive turbocharger hose market has seen considerable growth due to a variety of factors.
•In the last few years, there has been a significant increase in the market size of the automotive turbocharger hose industry. It is anticipated to amplify from $14.92 billion in 2024 to $16.55 billion in 2025, marking a compound annual growth rate (CAGR) of 11.0%.
Factors leading to the growth in the historical period include enhanced demand for fuel economy, strict emission standards for vehicles, expansion of the automotive sector, heightened consumer consciousness about engine performance, and the adoption of turbocharged engines by original equipment manufacturers (OEMs).
What Are The Predictions for The Automotive Turbocharger Hose Market Size In The Coming Years?
The automotive turbocharger hose market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a swift expansion is projected for the automotive turbocharger hose market, with its valuation predicted to reach $25.14 billion in 2029, escalating at a compound annual growth rate (CAGR) of 11.0%.
This increase over the prediction period can be linked to factors such as worldwide trade and proliferation within the automotive segment, the integration of turbocharging systems in diesel engines, progression towards electric and hybrid vehicles, and sustained emphasis on emission curtailment in the automotive sector. Additional elements include the growing application of hoses in systems for cooling and lubrication, and the customization of turbocharger hoses for performance optimization. Some key emerging trends during this forecast period are enhancements in hose material technology, progression in automotive turbocharger technology, the inclusion of state-of-art sensor technologies, the application of 3D printing in hose fabrication, and synergies between auto manufacturers and hose producers.
Which Key Drivers Are Propelling The Automotive Turbocharger Hose Market's Growth?
The expansion of the automotive turbocharger hose market is likely to be driven by the rising manufacture of light commercial vehicles. A light commercial vehicle (LCV), which is any cargo truck weighing less than 7.5 tons, uses turbocharger hoses to channel air to the turbocharger of the vehicle, ensuring its engine works efficiently. As an example, industrial production of light trucks in the U.S. saw a rise from 8.16 million units in December 2022 to 9.35 million units in May 2023, as per data from the Federal Reserve Board, a US-based central banking system, in June 2023. Consequently, the escalating production of light commercial vehicles is fuelling the growth of the automotive turbocharger hose market.
What Are The Key Segments Within The Global 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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How Are New Trends Impacting The Size Of The Automotive Turbocharger Hose Market?
In the automotive turbocharger hose market, product advancements are becoming increasingly popular as a significant trend. Major industry players are focusing on creating new products to maintain their market position. For example, in May 2023, NRF, a motor vehicle manufacturer based in the Netherlands, introduced a new variety of turbo hoses, providing an extensive selection of 282 references for passenger cars and light commercial vehicles. The design of the vehicle dictates the quantity and arrangement of turbo hoses, with no less than four hoses needed in the charge air cooling system. These hoses link the intercooler, turbocharger, and intake manifold. The included clamps simplify hose installation, making it feasible and efficient for workshops to rapidly set up the appropriate hoses. The Easy Fit turbo hose range offers a practical solution for smooth hose replacement.
Who Are the Key Players 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
What are the Regional Insights into the Automotive Turbocharger Hose Market?
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
