Prospering Automotive Industry Driving Global Fluid Management Systems Market

Published Date : Apr 10, 2017

ALBANY, New York, April 10, 2017 – notifies the addition of a new report to its repository, titled “Global Fluid Management Systems Market Research Report 2017.” The report has been created with a solitary goal of serving as a dependable business document for the targeted audiences such as the manufacturers of fluid management system and accessories, distributors, research and development companies, healthcare institutes, venture capitalists, and market research and consulting firms. The report studies all the factors that may influence the demand, positively or negatively, in the near future and estimates it to expand at a CAGR of 4.3% during the forecast period of 2016 to 2024. The report evaluates that the global fluid management systems market had opportunities worth US$2.08 bn in 2016, and estimates it to reach a valuation of US$2.68 bn by the end of 2022. 

The prosperity of the automotive sector, especially in the region of Asia Pacific, is the primary driving factor of this market. The report observes that fluid management systems are essential in order to maintain service applications in a vehicle, such as tracking oil dispense, antifreeze, coolant, and other fluids. With robust fluid management, the cost of manufacturing and maintenance of vehicles and heavy equipment can be achieved, which is escalating the demand in the the global fluid management systems market. With metering of fluid dispense, it is possible to control the precise volumes and thereby avoid costly mistakes. 

Based on product, the report segments the global fluid management system market into fluid usage systems, fluid monitor systems, and fluid control systems. Application-wise, the market has been bifurcated into light commercial vehicle, heavy commercial vehicle, electric vehicle, and others. Geographically, the report studies the potential of several regions such as North America, Southeast Asia, the Middle East and Africa, and Europe as well as country-wise markets of China, Japan, and India. 

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In its featured section on company profiles, the report overviews manufacturing base, sales area, product range, revenue, and competitors of several leading companies in the global fluid management systems market including GRACO, Samson, Eastern Lubrication Systems, AssetWorks, Hutchinson, Lincoln Industrial, FleetWatch S.A., and Orange Line Oil. These leading players strategically concentrate on new product launches, partnerships, acquisitions, and expansions in order to to achieve growth. This being a rapidly advancing technology, high growth in emerging markets is expected to open new avenues for these players in new territories with new product launches. These key vendors also actively work towards differentiating themselves in an highly competitive fluid management systems and accessories market via expansion of their product range in-sync with latest industry trends and needs. 

To present a cost reports of the manufacturing of fluid management systems, the report studies the key raw materials, leading suppliers, the trend pertaining to the pricing of key raw materials, leading suppliers, and market concentration rate of raw materials. To understand the cost structure, the report explores the raw materials, associated labor cost, and other manufacturing expenses. 

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