Overview and Scope
Automotive turbocharger hoses refer to automobile equipment that enables the passage of coolants to the turbocharger to keep it at a low enough temperature for effective functioning. Turbocharger hoses are employed to ensure that the system is kept cool while it is in use.
Sizing and Forecast
The automotive turbocharger hose market size has grown rapidly in recent years. It will grow from $13.51 billion in 2023 to $15.12 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increased demand for fuel efficiency, stringent emission regulations for vehicles, growth of the automotive industry, rise in consumer awareness of engine performance, adoption of turbocharged engines by oems
The automotive turbocharger hose market size is expected to see rapid growth in the next few years. It will grow to $22.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to globalization and trade in the automotive sector, turbocharging systems for diesel engines, transition to electric and hybrid vehicles, continued focus on emission reduction in the automotive industry, increasing use of hoses in cooling and lubrication systems, customization of turbocharger hoses for performance. Major trends in the forecast period include technological improvements in hose materials, advancements in automotive turbocharger technology, integration of advanced sensor technologies, 3d printing in hose manufacturing, collaboration between automakers and hose manufacturers.
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Segmentation & Regional Insights
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), Aftermarket
Europe was the largest region in the automotive turbocharger hose market in 2023. 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, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing production of light commercial vehicles is expected to propel the growth of the automotive turbocharger hose market going forward. 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. For instance, in June 2023, according to the Federal Reserve Board, a US-based central banking system, the industrial production of light trucks in the US increased from 8.16 million units in December 2022 to 9.35 million units in May 2023. Therefore, the growing production of light commercial vehicles is driving the growth of the automotive turbocharger hose market.
Key Industry Players
Major companies operating in the automotive turbocharger hose market report are 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 + . 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.
The automotive turbocharger hose market report table of contents includes:
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
5. Global Automotive Turbocharger Hose Market Size and Growth
…
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
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Automotive Turbocharger Hose Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Automotive Turbocharger Hose Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Automotive Turbocharger Hose Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: General Motors Financial Performance
Table 76: Continental AG Financial Performance
Table 77: Daikin Industries Ltd. Financial Performance
Table 78: Eaton Corporation plc Financial Performance
Table 79: Solvay S.A Financial Performance
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