The Business Research Company’s Fluid Transfer System 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 Fluid Transfer System Global Market Report 2023 evaluates fluid transfer system 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 fluid transfer system market size is expected to grow from $18.31 billion in 2022 to $20.26 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global fluid transfer system is expected to grow to $26.63 billion in 2027 at a CAGR of 7.1%.
Growth and expansion of the automotive industry are expected to propel the growth of the fluid transfer system market going forward. The automotive sector refers to the sector that encompasses businesses involved in the creation, distribution, sale, and upkeep of automobiles. Fluid transfer system helps the automotive industry by gear lubrication, torque converter operation, and valve body operation, and limiting consumption and emission levels. For instance, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based lobbying and standards group of the automobile industry, in September 2022, in the European Union new passenger car registrations rose by 9.6% from September 2021. Therefore, the growth and expansion of the automotive industry are driving the fluid transfer system market
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The fluid transfer system market segments in the report are:
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
The table of contents in TBRC’s fluid transfer system market report includes:
- Executive Summary
- Fluid Transfer System Market Characteristics
- Fluid Transfer System Market Trends And Strategies
- Fluid Transfer System Market – Macro Economic Scenario
- Fluid Transfer System Market Size And Growth
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- Africa Fluid Transfer System Market
- Fluid Transfer System Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Fluid Transfer System Market
- Fluid Transfer System Market Future Outlook and Potential Analysis
- Appendix
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