The Business Research Company’s Automotive Turbocharger Hose Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automotive Turbocharger Hose Global Market Report 2023 evaluates automotive turbocharger hoses market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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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 $20.4 billion in 2027 at a CAGR of 10.9%.
The growing production of light commercial vehicles is expected to propel the growth of the automotive turbocharger hose market going forward. A light commercial vehicle (LCV) is any cargo truck with an operational weight under 7.5 tons. In LCVs, turbocharger hoses transfer air to the vehicle’s turbocharger, ensuring optimal engine operation. For instance, in June 2023, according to the Federal Reserve Board, a US-based central banking system, the industrial production of light trucks in the US increased from 8.16 million units in December 2022 to 9.35 million units in May 2023. Therefore, the growing production of light commercial vehicles is driving the growth of the automotive turbocharger hose market.
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The automotive turbocharger hoses market segments in the report are:
1) By Product: Extruded Charge Air Hoses, Suction Blow Molded Plastic Hoses, Wrapped Charge Air Hoses, Other Products
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Other Vehicle Types
3) By Fuel: Gasoline, Diesel
4) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
The table of contents in TBRC’s automotive turbocharger hoses market report includes:
- Executive Summary
- Automotive Turbocharger Hose Market Characteristics
- Automotive Turbocharger Hose Market Trends And Strategies
- Automotive Turbocharger Hose Market – Macro Economic Scenario
5.1. Global Automotive Turbocharger Hose Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
- Automotive Turbocharger Hose Market Segmentation
- Automotive Turbocharger Hose Market Regional And Country Analysis
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- Brazil Automotive Turbocharger Hose Market
- Middle East Automotive Turbocharger Hose Market
- Africa Automotive Turbocharger Hose Market
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