Global Automotive Turbocharger Hose Market Report and Forecast 2024-2032

Global Automotive Turbocharger Hose Market Outlook

The global automotive turbocharger hose market is being aided by the growing global automotive turbocharger market, which stood at a value of around USD 14.64 billion in 2023. The automotive turbocharger industry is further expected to grow at a CAGR of 10.4% in the forecast period of 2024-2032 to reach a value of approximately USD 35.43 billion by 2032.

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Rising Demand for Turbocharged Commercial Vehicles and the Increasing Demand for Gasoline Engines to Bolster the Growth of the Automotive Turbocharger Hose Industry

Based on vehicle type, heavy commercial vehicles are expected to account for a considerable share in the market. This can be attributed to the increasing use of this type of vehicle for long distance haulage, as a result of which, there is a high replacement rate of heavy commercial vehicles. This, in turn, is aiding the growth of the automotive turbocharger hose industry.

Meanwhile, on the basis of fuel, the gasoline segment accounts for a significant market share owing to the rising demand for gasoline-based engines. Further, the growing adoption of turbocharged gasoline direct injection (GDI) is also contributing to the market expansion.

The Asia Pacific to Significantly Contribute to the Automotive Turbocharger Hose Industry Growth

Geographically, the Asia Pacific accounts for a significant share in the market. The growth is attributed to the opening of several manufacturing plants in China. This, coupled with the considerable growth of the automotive industry, has been aiding the market growth in the region. Over the forecast period, the automotive turbocharger hose industry is anticipated to witness a  significant growth in the region owing to the stringent emission norms implemented by the governments across the nations, which is expected to enhance the demand for automotive turbocharger hose. The major countries contributing to the growth of the Asia Pacific automotive turbocharger hose industry include China, Japan, and South Korea.

Automotive Turbocharger Hose: Market Segmentation

An automotive turbocharger contains a series of turbocharger hoses. Through these hoses, the turbocharger compresses air and delivers it to the engine. The exhaust gas turbine extracts energy from the exhaust gas and uses it to drive the compressor and overcome friction.

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By product, the market is divided into:

• Extruded Charge Air Hoses
• Suction Blow Moulded Plastic Hoses
• Wrapped Charge Air Hoses
• Others

Based on vehicle type, the market can be segmented into:

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Others

On the basis of fuel, the market can be bifurcated into:

• Gasoline 
• Diesel

Based on distribution channel, the market can be segmented into:

• OEM
• Aftermarket

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Disposable Income and the Technological Advancements to Boost the Growth of the Automotive Turbocharger Hose Industry

The increasing technological advancements in the field of automobile and the growing production of heavy and light commercial vehicles are the major factor driving the growth of the global automotive turbocharger hose industry. The rising disposable income, increasing demand for vehicle maintenance and repair services, and increasing population are further contributing to the market growth. Over the forecast period, the market will be aided by the stringent regulations imposed by the government to cut-down vehicular emissions. Therefore, the increasing focus to decrease emissions and increase fuel efficiency will accelerate the market growth. Also, the increasing vehicle production in regions like the Asia Pacific and others is expected to further augment the market growth in the coming years.

Key Industry Players in the Global Automotive Turbocharger Hose Market

The report gives a detailed analysis of the following key players in the global automotive turbocharger hose market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• DuPont de Nemours Inc.
• ContiTech AG
• Gates Corporation
• Wacker Chemie AG
• Viper Performance Hoses Ltd.
• Eaton Corporation plc
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report