Automotive Fluid Line Market Scope
Automotive brake fluid is additionally known as hydraulic fluid. It is a non-compressible depend utilized in hydraulic brake and hydraulic seize displays in mild trucks, motorcycles, bicycles, and automobiles. It is utilized to follow stress and switch pressure on brakes and upsurge the brake force. This fluid is; therefore, vital for the easy operative of breaks in vehicles, functioning beneath excessive temperature and pressure. It is composed of a number of kinds of glycols with little freezing factor and designed no longer to damage rubber mechanisms in the braking system. When the brake is used, the brake fluid in the brake outlines forces the brake pad to media towards the rotor, safeguarding the car is slowed safely and comfortably. The pressure used and utilized with the aid of the driver is furnished over the brake strains through the brake fluid.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | TI Fluid Systems (United Kingdom), Raygroup SASU (France), Kongsberg Automotive (Switzerland), FRÄNKISCHE Industrial Pipes GmbH and Co. KG (Germany), Continental (Germany), Sanoh Industrial (Japan), Sumitomo Riko (Japan), Hutchinson SA (France), VOSS Automotive GmbH (Germany) and Schieffer GmbH and Co. KG (Germany) |
CAGR | % |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Automotive Fluid Line market throughout the predicted period.
TI Fluid Systems (United Kingdom), Raygroup SASU (France), Kongsberg Automotive (Switzerland), FRÄNKISCHE Industrial Pipes GmbH and Co. KG (Germany), Continental (Germany), Sanoh Industrial (Japan), Sumitomo Riko (Japan), Hutchinson SA (France), VOSS Automotive GmbH (Germany) and Schieffer GmbH and Co. KG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Codan Rubber A/S (Denmark), Anhui Zhongding Holding (China) and Kayser Automotive Systems (Russia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automotive Fluid Line market by Type and Region with country level break-up.
On the basis of geography, the market of Automotive Fluid Line has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July 2020, Cooper Standard Holdings Inc. performed the divestiture of its European rubber fluid switch and strong point sealing businesses, as nicely as its Indian operations, to Mutares SE & Co. KGaA. After this divestiture, the organization will function 21 production services in eight international locations in Europe and 18 manufacturing services throughout China and Korea.
In May 2021, TI Fluid Systems had added a revolutionary strategy for coolant fluid administration on electrified vehicles. The new technological know-how is an Integrated Thermal Manifold meeting (ITMa) that affords a one-piece, light-weight, blow-molded plastic manifold to optimize complicated line sketch and replaces a couple of line bundle assemblies of thermal loops for heating and cooling on subsequent technology of electric powered vehicles. and In March 2022, Kongsberg Automotive’s Fluid Transfer Systems (FTS) enterprise unit secured a contract well worth USD sixty four million. The four-year contract covers Kongsberg Automotive’s Fluoro-Comp hose, and stainless-steel braided PTFE brake traces for an international car Tier 1 dealer based totally in North America.
Influencing Trend:
Inclination of Consumers towards the Eco-Friendly Products
Market Growth Drivers:
Rise in Focus on Fuel Efficiency and Implementation of Stringent Emission Norms in the Automotive Industry and Rising Vehicle Production
Challenges:
Microchip and Other Shortages and Demand for High Durability Products
Restraints:
Increasing Popularity of Electric Vehicles May Impact ICE Fluid Transfer System Market
Opportunities:
Rising Demand for Lightweight Vehicle Parts
Key Target Audience
Automotive Fluid Line Manufactures, Automotive Fluid Line Distributors and Suppliers, Raw Material Suppliers and Others