Automotive Turbocharger Hose Market To Gain Massive Proceeds By 2027

Automotive Turbocharger Hose Market To Gain Massive Proceeds By 2027

The size of automotive turbocharger hose market was registered at 2 billion in the year 2020 and is anticipated to cross 3 billion by 2027. Between the period 2021-2027, the market is expected to register a CAGR of 6%.

Rising inclination towards the adoption of fuel-efficient vehicles across the globe on account of increasing environmental impact due to carbon emissions has evoked the deployment of automotive turbo hose pipes in various automobile types right from heavy vehicles to passenger vehicles. This is expected to propel automotive turbocharger hose market growth over ensuing years.

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Considering the increasing product demand, several manufacturers are entering into turbocharger business to effectively meet the elevating demand. For instance, in 2011, Continental had made its debut into turbocharger industry by developing innovative products. In 2017, the company expanded its operations on geographical by opening its first non-European turbocharger plant in China. According to the company, this new facility will be producing its high-end RAAX™ turbocharger for the Volkswagen’s EA888 Gen.3B engine platform.

Key players operating in automotive turbocharger hose market such as Ferdinand Bilstein GmbH + Co. KG, MOTAIR Turbolader GmbH, Cooper Standard, WACKER Chemie AG, Continental, Solvay, Gates Corporation, etc. are focusing on strategic collaborations and partnerships to strengthen their business operations. For instance, in 2018, Sumitomo Riko Company Ltd merged SumiRiko Hosetex, Ltd., its hydraulic and industrial hose manufacturing and sales subdivision with SumiRiko Hose Sales, Ltd., its hose assembly and domestic sales subsidiary. Such initiatives are providing ample growth opportunities for the industry.

With growing environmental concerns and stringent regulatory scenario regarding carbon emissions, automotive OEMs are majorly focusing on developing vehicles equipped with fuel-efficient engines to ensure effective performance. This is instigating the adoption of turbocharger hose across automotive companies. They are inclined on installing advanced turbocharger hoses to effectively meet the efficiency needs. In this regard, silicon-based turbocharger hoses are being widely adopted in OEMs owing to the advantages associated with them such as better temperature resistance, chemical and corrosion resistance, improved flexibility and higher life expectancy. In addition, using these hoses enhances the overall vehicle performance.  

Turbocharged HCV vehicles are gaining immense popularity owing to their higher applicability and ability to carry heavy loads. Besides, turbocharger-equipped commercial vehicles provide higher efficiency and heavy operability which is fueling their adoption further. This has urged industry players to develop advanced turbocharger and turbocharger hoses for heavy commercial vehicles. For instance, Gates offers two turbocharger hoses for the truck & bus turbocharging system including FleetRunner Silicone Turbocharger Hose and FleetRunner Turbocharger Hose Kits. Reportedly, the company had designed these turbocharger hoses in such a way that they utilize a bonded FKM liner which offers protection from degradation due to oil infusion.

Rapidly increasing production of heavy-duty trucks in countries such as China and India, has elevated the demand for automotive turbocharger hose significantly over last few years. According to Organisation Internationale des Constructeurs d'Automobiles (OICA) statistics, in 2019, China had registered a notable 4.1% rise in the production of heavy trucks in the country representing around 2.2 million units of heavy trucks as compared to 2.1 million units in 2018.

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Partial Chapter of the Table of Content

Chapter 5 Automotive Turbocharger Hose Market, By Vehicle

5.1 Key trends, by vehicle

5.2 PCV

5.2.1 Market estimates and forecast, 2016 – 2027

5.3 LCV

5.3.1 Market estimates and forecast, 2016 – 2027

5.4 HCV

5.4.1 Market estimates and forecast, 2016 – 2027

Chapter 6 Automotive Turbocharger Hose Market, By Fuel

6.1 Key trends, by fuel

6.2 Gasoline

6.2.1 Market estimates and forecast, 2016 – 2027

6.3 Diesel

6.3.1 Market estimates and forecast, 2016 – 2027

Chapter 7 Automotive Turbocharger Hose Market, By Distribution Channel

7.1 Key trends, by distribution channel

7.2 OEM

7.2.1 Market estimates and forecast, 2016 – 2027

7.3 Aftermarket

7.3.1 Automotive Turbocharger Hose Market estimates and forecast, 2016 – 2027

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