Automotive Turbocharger Hose Market Future Challenges and Industry Growth Outlook by 2021-2027

Asia Pacific Automotive Turbocharger Hose Market is pegged to strike an exponential CAGR due to the rise in the manufacturing of heavy-duty trucks in China and India. As per the Organisation Internationale des Constructeurs d'Automobiles, there was a noticeable hike in the manufacturing of heavy trucks in China, which exceeded over 4.1% in 2019.

It was also revealed that the region was responsible for close to 2.2 million units in the production of heavy trucks in the same year in comparison to 2.1 million units in 2018. Furthermore, the rise in the number of infrastructural developments will bolster the demand for the turbocharged HCVs across the continent.

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Expanding demand for fuel-efficient passenger vehicles particularly in U.S., China, Germany, the UK, and France will enhance the adoption of automotive turbocharger hoses in the coming years. There is also a substantial hike in the production and sales of commercial vehicles.

This has pushed numerous OEM manufacturers to work towards incorporating fuel-efficient engines into vehicles to offer improved performance. The abundant availability of turbocharger hoses that fit into plenty of vehicle models will further boost the prospects for the industry.

It has been estimated that the global automotive turbocharger hose market size will surpass USD 3 billion in yearly remuneration by 2027.

The annual revenue from HCV’s in the turbocharger hose industry is expected to reach a significant value in the coming years owing to the higher applicability and capacities of these vehicles to carry heavy loads. Leading auto-part manufacturers like Sumitomo Electric Industry and Solvay are consistently coming up with turbochargers along with their hoses for heavy commercial vehicles to offer heavy operability and maximum efficiency.

The gasoline turbocharger hose market is anticipated to record a prominent revenue share through 2027. This can be attributed to their higher adoption and strong capabilities to enhance fuel efficiencies.

This has paved the way for the rise in the number of innovations in these hoses. For instance, in January 2021, Robert Bosch LLC launched the all-new EVO spark plugs to cater to the increasing needs for modern and gasoline direct-injected turbocharged engines.

Providers of automotive turbocharger hose kits are incorporating various inorganic strategies like collaborations and partnerships to expand their offerings and customer base as well as to sharpen their business operations. For instance, Sumitomo Riko Company Ltd. partnered with SumiRiko Hosetex, Ltd., its subsidiary for hydraulic and industrial hose production in July 2018.

MOTAIR Turbolader GmbH, Continental, Megaflex Ltd., Wacker, Turbonetics, Inc, Cooper Standard, Solvay, Chemie AG, Ferdinand Bilstein GmbH + Co. KG and Bugiad are few other participants in the business.

The present coronavirus pandemic relatively hampered the demand and supply of the automotive turbocharger intake hoses. This can be accounted to the stringent restrictions imposed by various governments on domestic and international trade in the initial days of the industrial lockdown. However, with the gradual ease of these regulations, the market forecast is anticipated to pick momentum by 2021.

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Partial Chapter of the Table of Content

Chapter 4   Automotive Turbocharger Hose Market Competitive Landscape

4.1    Introduction

4.2    Company market share analysis

4.3    Key player analysis

4.4    Competitive analysis of key market players

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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