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Global Automotive Turbocharger Hose Market is Aided by the Growing Automotive Turbocharger Market, Which is Likely to Grow at a CAGR of 10% in the Forecast Period of 2022-2027

According to a new report by EMR titled, ‘Global Automotive Turbocharger Market Report and Forecast 2022-2027’, the global automotive turbocharger hose market is being aided by the growing global automotive turbocharger market. The automotive turbocharger industry is further expected to grow at a CAGR of 10% in the forecast period of 2022-2027.

The global automotive turbocharger hose industry has been growing due to the technological advancements, rising population, and increasing disposable incomes. The market is anticipated to be aided by the growing awareness about the ill-effects of air pollution. Therefore, the fact that turbocharger hampers the emission, is likely to bolster the demand for hose in the forecast period. On the basis of distribution channel, aftermarket accounts for a significant share in the market, owing to the reasonable rates of not only hoses, but the other parts of turbocharger too.

Among the regions, Asia Pacific accounts for a significant share, owing to the presence of strong developing economies in the region like China, India, Japan, and South Korea. The market in the region will be further propelled by the presence of strong market players and the constant innovation and R&D activities carried out by the manufacturers.

The sales of hoses manufactured by ContiTech AG grew significantly in the past year, owing to the increasing focus of the company towards low emissions and e-mobility. Sophisticated thermal management is another feature propelling the sales of the product in the forecast period. ContiTech is the first automotive supplier to combine the two topics of emission-free mobility and carbon neutrality. These factors are likely to accelerate the demand for the product in the forecast period of 2022-2027.

Market Breakup on the Basis of Product, Vehicle Type, Fuel, Distribution Channel, and Region:

  • On the basis of product, the market is segmented into extruded charge air hoses, suction blow moulded plastic hoses, and wrapped charged air hoses, among others.
  • Based on vehicle type, the market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle, among others.
  • On the basis of fuel, the market is divided into gasoline and diesel.
  • On the basis of distribution channels, the industry is categorised into OEM and aftermarket.
  • The regional markets can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key findings of the report:

  • The global automotive turbocharger hose industry is driven by the robust economic growth in the developing countries.
  • The rising disposable income and growing population will further aid the market growth.
  • The market is anticipated to be propelled by the innovation and R&D activities carried out by key market players.
  • The growing concern of the government and rising awareness among people about the harmful effects of emissions will further accelerate the market growth.
  • A shift in the demand towards gasoline-based light commercial vehicles will bolster the market of the product in the long run.

Key offerings of the report:

  • The EMR report gives an overview of the global automotive turbocharger hose market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the product, vehicle type, fuel, distribution channel, and region of automotive turbocharger hose.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the automotive turbocharger hose industry are DuPont de Nemours (NYSE:DD), ContiTech AG (ETR: CON), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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