Market Snapshot:
Fluid Transfer Systems provide safe and efficient loading and offloading operations in various offshore and onshore applications. Typically, these systems will utilize flexible pipe to transfer crude oil or other media in dynamic applications, and include means for storage, deployment, and recovery of the flexible pipe, and will incorporate power, control, and utility equipment. Rising demand from the automotive and transportation industry, demand for high durable couplings are the key factor driving the growth of the market.
Highlights from Fluid Transfer System Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Manufacturers profiled in the report are Cooper Standard (United States), Kongsberg Automotive (Norway), ContiTech AG (Germany), Akwel (France), TI Fluid Systems (United Kingdom), Lander Automotive (United Kingdom), Parker Hannifin Corp. (United States), Hutchinson SA (France), Castello Italia (United Kingdom) and Gates Corporation (United States). Additionally, other players that are part of this comprehensive study are Gardner Denver (United States), Pirtek Fluid Systems Pty. Ltd. (Australia), AGS Company (Canada), Graco Inc. (United States), Balcrank Corporation, Inc. (United States), Sanoh Industrial Co., Ltd. (Japan), Yamada America, Inc. (United States), Techflow Marine Ltd. (United Kingdom) and Kros Otomotiv Sanayi ve Tic. Inc. (Turkey).
Geographic Breakdown and Segment Analysis
The Global Fluid Transfer System market presents a comprehensive analysis of the Fluid Transfer System market by product type (Air Couplings, Hoses and Tubes, Valves, Crank Reels and Others), by end-user/application (Automotive, Aerospace, Oil & Gas, Chemical & Petroleum, Shipping and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Fluid Transfer System industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Fluid Transfer System market
Analyst at AMA have segmented the market study of Global Fluid Transfer System market by Type, Application and Region.
Market Growth Drivers:
Increasing Vehicle Production and Sales and Growing Adoption of SCRs in Diesel Engines and Strict Government Rules and Regulations
Challenges:
Demand For High Durability Products
Restraints:
Less Replacement Rate of Fluid Transfer System and Increasing Sales of Battery Electric Vehicle
Opportunities:
Increasing Demand for Lightweight Vehicle Parts and Increasing Investment in Research and Developments for Material Technology
Market Developments Activities:
In July 2019, Continental reached an agreement with Merlett Group, based in Daverio, Italy, on the purchase of its flexible hose business. With this acquisition, Continental expanded its material expertise beyond rubber, particularly with regard to high-performance thermoplastics technologies and solutions.
In July 2020, Cooper Standard Holdings Inc. completed the divestiture of its European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations, to Mutares SE & Co. KGaA. After this divestiture, the company will operate 21 production facilities in 8 countries in Europe and 18 manufacturing facilities across China and Korea.
Key Target Audience
Fluid Transfer System Manufacturers, Raw Material Suppliers, Automotive & Shipping Companies, Potential Investors, Research Institutes, End-Use Industries and Others