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Automotive Turbocharger Hose Market Share

Report ID: GMI4914
Published Date: Jan 2021
Report Format: PDF

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Automotive Turbocharger Hose Market Share

Automotive turbocharger hose manufacturers are focusing majorly on new product launches to enhance their product portfolio and increase their business operation. For instance, in May 2019, Gates introduced a wide range of modular hoses in the aftermarket industry. The company introduced 200 new hoses to its product line in 2019. This aided the company to enhance its product portfolio and cater to the mass market.

The prominent players in the automotive turbocharger hose market include:

MOTAIR Turbolader GmbH
Ferdinand Bilstein GmbH + Co. KG
Continental
WACKER Chemie AG
Solvay
Sumitomo Electric Industries
Bugiad
Turbonetics Inc
MEGAFLEX LIMITED
Gates Corporation.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market for automotive turbocharger hoses reached USD 2 billion in 2020 and is projected to rise at a CAGR of 6% through 2027 driven by stringent rules and norms on emission control.

North America market size was valued at USD 440 million in 2020 and is poised to grow at a 6% CAGR up to 2027 due to the need for fuel efficiency and engine downsizing.

PCV’s accounted for 50% of the total automotive turbocharger hose industry share in North America in 2020 and will expand owing to the rising sales of luxury vehicles.

The market share in Europe from gasoline fuel segment will expand at over 5.5% CAGR between 2021-2027 owing to benefits like providing higher RPM.

The APAC industry share from OEM segment had surpassed USD 470 million during 2020 and will grow due to the pre-installation of the components while in production.