Global Fluid Transfer System market is valued approximately USD 16.39 Billion in 2018 and is anticipated to grow with a growth rate of more than 6.8% over the forecast period 2019-2026. A fluid transfer system is a set of essential components that is used to transfer fluids often oil or fuel in a vehicle. Fluid transfer systems have wide range of application in vehicles indulged in shipping, manufacturing, aerospace, and automotive industries. These systems can be incorporated in machines or can be operated independently. Pipes, hoses, valves, and accessory loading equipment are common components of fuel transfer systems. These systems are also occurring in automobiles for fuel injection, air conditioning, engine cooling and hoses and valves are used to direct and control the flow. Due such essential role of fluid transfer system in the vehicles and growing production of vehicles across the globe is expected to drive the growth of market over the forecast years. For instance: according to the International Organization of Motor Vehicle Manufacturer (OICA), the production of passenger cars accounted for around 73.45 million units in the year 2017 as compared to 72.10d million units in the year 2016 on the global scenario. Similarly, according to International Organization of Motor Vehicle Manufacturers (OICA), the production of commercial vehicles globally accounted for around 23.84 million units in the year 2017 as compared to 22.87 million units in the year 2016 which included both lightweight commercial vehicles and heavy trucks & buses. However, Lower Replacement Rate of Fluid Transfer System is expected to hamper the growth of market over the forecast years.

The regional analysis of global Fluid Transfer System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific accounts for the largest and fastest growing region in the global fluid transfer system market due to the rise in production of vehicles and presence of favorable government regarding fluid transfer system in the region.

Market player included in this report are:
Cooper Standard
Kongsberg Automotive
TI Fluid Systems
Lander Automotive
Castello Italia

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material :

Stainless Steel

By Type:

Air Suspension Line
Fuel lines
Brake lines
AC lines
Diesel Particulate Filter line
Selective Catalytic Reduction (SCR) Lines
Transmission Oil Cooling Lines
Turbo Coolant Lines

By Vehicle type:
Passenger Car
Commercial vehicle

By Electric & Hybrid Vehicle:
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)

By Off-Highway Vehicle:
Agriculture Tractors
Construction Equipment
Mining Equipment

By Regions:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Fluid Transfer System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers