The global automotive Hydraulics System Market is estimated to be USD 32.13 Billion in 2017 and is projected to grow at a CAGR of 6.04% to reach USD 51.37 Billion by the end of 2025. Some of the major drivers identified are the increasing sales of off-highway vehicles and increasing vehicle production. Innovations in electro-hydraulic automotive applications can create new revenue generation opportunities for automotive hydraulics system manufacturers. Whereas, user concerns regarding the noise, uptime, and reliability of hydraulic systems and contamination of hydraulic fluids are creating challenges for automotive hydraulics system manufacturers.
The global automotive hydraulics system market is segmented by application, OE component, on-highway vehicle, off-highway vehicle, aftermarket component, and region. The report discusses four automotive hydraulics system applications, namely, hydraulic brakes, clutch, suspension, and tappets. Hydraulic brakes segment accounted for the largest market shares in the market by application and is estimated to grow with the highest CAGR during the forecast period following its wide applications in several types of vehicles.
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The hydraulic tappets segment is estimated to be the fastest growing market for automotive hydraulics systems by application, followed by hydraulic brakes, hydraulic clutch, and hydraulic suspension. This segment is estimated to experience a stable growth due to engine upsizing by the various automaker in their vehicles.
Key Players:
Some of the major players in the global automotive hydraulics system market are Aisin Seiki (Japan), Bosch (Germany), ZF (Germany), BorgWarner (US) and JTEKT(Japan). The last chapter of this report covers a comprehensive study of the key vendors operating in the market. The evaluation of market players is done by taking several factors into accounts, such as new product development, R&D expenditure, business strategies, product revenue, and organic and inorganic growth.
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Target Audience
- Automotive hydraulics system manufacturers
- Infrastructure Development Companies
- Automobile organizations/associations
- Compliance regulatory authorities
- Government agencies
- Information Technology (IT) companies & System integrators
- Investors and Venture Capitalists (VCs)
- Raw material suppliers for automotive hydraulics system
- Traders, distributors, and suppliers of automotive hydraulics system
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