The fluid transfer system market is expected to reach USD 29.95 billion by 2032, from USD 23.93 billion in 2025, with a CAGR of 3.3%. The market is growing steadily, driven by increasing global vehicle production, stricter emission standards, and rising demand for efficient thermal and fluid management in both ICE and electrified vehicles. The widespread use of turbocharged gasoline direct injection (TGDI) engines and the rapid adoption of automatic transmissions are fueling demand for high-pressure fuel lines, turbocharger oil and coolant hoses, and transmission oil cooler lines. Electrification presents significant opportunities, with battery cooling, motor cooling, and DC-DC converter thermal lines becoming standard in EVs and plug-in hybrids.
Thermal management systems are expected to witness significant growth during the forecast period.
The thermal management systems segment will likely undergo significant growth during the forecast period. Thermal management components include thermal lines for heating and cooling, expansion valve tubes, radiator hoses, bypass hoses, reservoir overflow hoses, A/C cabin climate control systems, battery coolant hoses, motor cooling hoses, DC to DC converter cooling hoses, and A/C drain lines. These components regulate temperatures across engines, batteries, motors, and power electronics, ensuring performance, safety, and durability. Demand is rising as electric and hybrid vehicles require more complex and extensive cooling loops than ICE models, with battery and motor cooling hoses accounting for a larger share of the fluid transfer system kit. In EVs, thermal management represents over 50% of the total fluid transfer system content compared to about 25% in ICE vehicles, driven by the need for distributed cooling loops, higher power density, fast charging, and sustained high output performance. Growth is also supported by increased A/C adoption in commercial vehicles and a shift toward higher-capacity cooling systems to improve efficiency and reliability. Suppliers are focusing on advanced materials and designs to manage higher thermal loads while reducing weight and improving packaging flexibility. Key players such as Cooper Standard, Hutchinson, Continental AG, Hanon Systems, Sumitomo Riko, and Nichirin are expanding capabilities to meet this rising demand, positioning thermal management as a key growth area in the fluid transfer system market.
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Plug-in hybrid electric propulsion is expected to see robust growth during the forecast period.
The plug-in hybrid electric propulsion segment is set to record strong growth in the fluid transfer system market, driven by its ability to combine the efficiency of electrification with the flexibility of conventional engines. PHEVs require a full set of fluid transfer components for both the combustion and electric sides of the drivetrain, making them more component-intensive compared with pure petrol or fully electric models. Turbocharger oil feed lines are witnessing the fastest growth, as smaller turbocharged engines in PHEVs depend on precise lubrication and cooling to maintain performance under frequent start-stop cycles and transitions between power modes. At the same time, battery coolant hoses, motor cooling hoses, and DC to DC converter cooling lines are expanding rapidly due to the need for efficient thermal management of high-voltage systems. This dual demand for turbocharger-related lines and EV-specific cooling hoses is creating a broad opportunity for suppliers. OEMs are pushing for advanced materials, higher pressure resistance, and compact designs that ensure durability and reliability in tightly packaged hybrid architectures.
Asia Pacific to secure leading position during forecast period
The Asia Pacific region is set to be the largest market for fluid transfer systems during the forecast period, driven by a combination of strong economic and demographic factors. A growing middle class and rising disposable income in key economies like China and India are directly leading to higher vehicle ownership rates. This trend is resulting in a large fleet of on-road vehicles, which, in turn, boosts a significant and expanding aftermarket for fluid transfer system components required for maintenance and replacement. The region’s position as a global manufacturing and export center also plays a major role in its market dominance. Countries such as China, Japan, and South Korea have built a robust manufacturing base that not only supports their large domestic markets but also supplies vehicles and components worldwide. This large-scale production and export activity ensures consistently high demand for fluid transfer systems. Moreover, the region is at the forefront of adopting advanced manufacturing techniques and integrating sophisticated technologies into vehicles, further increasing the complexity and value of the fluid transfer system components being produced.
Key Players
The major players in the fluid transfer system market include Cooper Standard (US), TI Fluid Systems (UK), Sumitomo Riko Company Limited (Japan), Parker Hannifin Corp (US), and Gates Corporation (US).
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