The new report by Expert Market Research titled, ‘Global Automotive Turbocharger Hose Market Trends, Price, Share, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global automotive turbocharger hose market, assessing the market based on its segments like products, vehicle types, fuels, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 10% (Global Automotive Turbocharger Market)
The global automotive turbocharger hose industry is being driven by increasing technological advancements in the automotive industry and the expanding production of heavy and light commercial vehicles. The increasing disposable incomes, the rising living standards, and the increasing population, especially in regions like the Asia Pacific, are significantly contributing to the market growth of automotive turbocharger hose. With the growing utilisation of heavy commercial vehicles to carry out heavy duties in the building and construction sector, the market for automotive turbocharger hose is projected to grow robustly in the forecast period.
Automotive Turbocharger Hose Industry Definition and Major Segments
Automotive turbocharger hose is a part of a vehicle’s air management system that is used to endure high heat and acidic environments. It can withstand exit air temperatures up to 250°C and prolong exposure to acid gas and pulsating pressure. It compresses air from the atmosphere and efficiently delivers it to automotive engines by deploying series of turbocharger hoses.
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On the basis of product, the market is divided into:
• Extruded Charge Air Hoses
• Suction Blow Moulded Plastic Hoses
• Wrapped Charged Air Hoses
The major vehicle types of automotive turbocharger hose are:
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
On the basis of fuel, the market is bifurcated into:
By distribution channel, the market can be segmented into:
The regional markets for automotive turbocharger hose include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Automotive Turbocharger Hose Market Trends
The global automotive turbocharger hose industry is expected to be driven by the growing popularity of automobiles, especially among youth. The stringent government regulations against the emission of harmful gases owing to the rising concerns regarding rapid climate change is likely to propel the demand for turbocharger hose. The rising trend of aftermarkets, which allows the consumers to buy at relatively cheap prices and manage their preferences from different sources and options is anticipated to propel the market growth. A shift in the fuel trend from diesel to gasoline is likely to propel the demand for gasoline-based light commercial vehicles in the forecast period.
Key Market Players
The major players in the market are DuPont de Nemours, Inc., ContiTech AG, Gates Corporation, Wacker Chemie AG, Viper Performance Hoses Ltd., and Eaton Corporation plc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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