How Has the Fluid Transfer System Market Evolved Historically and What is its Current Size?
The fluid transfer system market has seen considerable growth due to a variety of factors.
• In recent years, there has been a notable expansion in the fluid transfer system market. Its size is projected to increase from $21.05 billion in 2024 to $22.68 billion in 2025, with an annual compound growth rate (CAGR) of 7.7%. The significant rise during the historic period can be connected to factors such as industrialization, infrastructure development, exploration of oil & gas, expansion in manufacturing, and the growth of the automotive sector.
What is the Forecasted Market Size and CAGR for the Fluid Transfer System Market By 2029?
The Fluid Transfer System market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of the fluid transfer system is anticipated to witness robust growth. By the year 2029, it is projected to expand to $31.11 billion, growing at a Compound Annual Growth Rate (CAGR) of 8.2%.
The predicted growth during this period can be linked to factors such as a focus on energy efficiency, resilience and adaptability, adherence to safety and reliability standards, industrial automation, and increased urbanization and construction. Looking forward, the overriding trends expected to dominate this period are tailored solutions and customization, energy efficiency, adaptability and flexibility, digital transformation, and improved safety and compliance standards.
What Key Factors and Trends Are Driving The Growth Fluid Transfer System Market?
The advancement and broadening of the automobile sector are anticipated to stimulate the fluid transfer system market's progress. The automobile industry involves companies engaged in the establishment, dissemination, commerce, and maintenance of cars. The fluid transfer system supports the automotive sector through gear greasing, torque converter functionality, valve body operation, and by limiting usage and exhaust levels. For example, the European Automobile Manufacturers' Association (ACEA), an automobile industry's lobbying and standards group based in Belgium, reported that new passenger car registrations in the European Union increased by 9.6% in September 2022 from September 2021. Consequently, the expansion and advancement of the automobile industry are fuelling the progress of the fluid transfer system market.
What Are The Market Segments In The Fluid Transfer System Market?
The fluid transfer system market covered in this report is segmented –
1) By Type: Air Suspension Lines, Fuel Lines, Brake Lines, AC Lines, Diesel Particulate Filter (DPF) Lines, Selective Catalytic Reduction (SCR) Lines, Transmission Oil Cooling Lines, Turbo Coolant Lines
2) By Material: Nylon, Stainless Steel, Aluminum, Steel, Rubber, Other Materials
3) By Application: Automotive, Aerospace, Manufacturing, Other Applications
Subsegments:
1) By Air Suspension Lines: Air Supply Lines, Air Drain Lines
2) By Fuel Lines: High-Pressure Fuel Lines, Low-Pressure Fuel Lines
3) By Brake Lines: Hydraulic Brake Lines, Pneumatic Brake Lines
4) By AC Lines: High-Pressure AC Lines, Low-Pressure AC Lines
5) By Diesel Particulate Filter (DPF) Lines: DPF Inlet Lines, DPF Outlet Lines
6) By Selective Catalytic Reduction (SCR) Lines: SCR Injection Lines, SCR Return Lines
7) By Transmission Oil Cooling Lines: Transmission Oil Supply Lines, Transmission Oil Return Lines
8) By Turbo Coolant Lines: Turbo Inlet Lines, Turbo Outlet Lines
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What Trends Are Shaping The Fluid Transfer System Market?
The trend of strategic collaborations is increasingly gaining traction in the fluid transfer system market. Several large-scale companies within the market are initiating partnerships with other firms to bolster their market presence. For example, in August 2022, Contitech, a German machine industry firm active in this market, formed a partnership with Industrie Saleri Italo S.P.A. (Saleri), an automotive company based in Italy. This alliance paved the way for the development of superior cooling fluid management devices designed for the battery electric vehicle (EV) market. Furthermore, in December 2021, TI Fluid Systems, an American manufacturer of automotive fluid transfer systems, entered into a partnership with Mercedes-Benz, a luxury vehicle manufacturer from Germany. This collaboration facilitated TI Fluid Systems in the production and supply of fluid transfer components for Benz.
Who Are the Key Players In The Fluid Transfer System Market?
Major companies operating in the fluid transfer system market include:
• Cooper-Standard Automotive Inc.
• TI Fluid Systems PLC
• Gates Industrial Corporation PLC
• Tristone Flowtech Group SAS
• AGS Automotive Solutions
• Kongsberg Automotive Holdings AS
• Continental Aktiengesellschaft
• Hutchinson S.A.
• Graco Inc.
• Sanoh Industrial Co. Ltd.
• Yamada America Inc.
• Kros Otomotiv Sanayi ve Ticaret A.S.
• Balcrank Corporation
• MGI Coutier
• Parker-Hannifin Corporation
• Pirtek Fluid Systems Pty. Ltd.
• Eaton Corporation
• Compagnie de Saint-Gobain S.A.
• Smiths Group PLC
• W. L. Gore & Associates Inc.
• Festo AG & Co. KG
• Swagelok Company
• Christian Bürkert GmbH & Co. KG
• The Flowserve Corporation
• ITT Inc.
What Are The Regional Insights Into The Fluid Transfer System Market?
Asia-Pacific was the largest region in the fluid transfer system market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the fluid transfer system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
