An increase in manufacturing and sales of commercial vehicles will significantly influence the automotive turbocharger hose industry trends through the next few years. There is a strong demand for fuel-efficient passenger vehicles in countries like U.S., China, Germany, the UK, and France.
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.
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The HCV turbocharger hose industry will gain considerable traction in the coming years. This can be owed to the robust applicability and ability of turbocharged HCVs to carry heavy loads. It is also found that turbocharger-equipped commercial vehicles offer heavy operability and maximum efficiency.
Higher potentials of HCV’s and PCV’s
The annual revenue from HCV’s in the turbocharger hose market 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.
For an instance, Gates Corporation, developed two new turbocharger hoses, FleetRunner Silicone and the FleetRunner for uses in truck & bus turbocharging systems. These components employ a bonded FKM liner to render protection against degradation coming from oil infusion. On the other hand, the demand for PCV vehicles will gain considerable traction up to 2027 with the expansion in the sales of top-high class passenger turbocharged vehicles.
Preference for gasoline as a fuel
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.
Asia Pacific to emerge as a promising market
The industry share of Turbocharger Hose Market in the Asia Pacific region 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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Competitive dynamics from partnerships
Providers of Automotive Turbocharger Hose Market 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 novel coronavirus pandemic and its increasing footprint across the world significantly hampered the demand and supply for automotive turbocharger intake hoses. The regulation of severe restrictions by several governments on domestic and international trade, specifically in the first two quarters of 2020 drew a negative impact on the sales of the components. However, with the ease of these restrictions, the industry forecast will gradually rise at a steady rate.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Scope, definition and forecast parameters
18.104.22.168 Assumptions, methodology and forecast parameters
1.2 Data Sources
Chapter 2 Automotive Turbocharger Hose Market Summary
2.1 Automotive turbocharger hose industry 360° synopsis, 2016 – 2027
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Vehicle trends
2.1.4 Fuel trends
2.1.5 Distribution channel trends
Chapter 3 Automotive Turbocharger Hose Market Insights
3.1 Industry segmentation
3.2 Impact of COVID-19 on automotive turbocharger hose industry landscape
3.2.1 Global outlook
3.2.2 Regional impact
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
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