The Automotive Hydraulics System Market was estimated to be USD 32.13 billion in 2017 and is projected to reach USD 51.37 billion by 2025, growing at a CAGR of 6.04% during the forecast period. Factors such as advanced vehicle safety technologies, government mandates regarding the active and passive safety of vehicles, infrastructural development in emerging economies have boosted the Automotive Hydraulics System Market in recent years. The Automotive Hydraulics System Market is dominated by a few global players.
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.
The slave cylinder segment for automotive hydraulics system OE market by the component is expected to grow at the highest CAGR followed by the reservoir, hose and master cylinder segment. The slave cylinder segment is estimated to account for the highest share in the automotivehydraulics system market, following its wide applications in automotive hydraulics system.
Asia Pacific is forecasted to have the largest market share growing at the highest CAGR followed by North America region. This growth is majorly fueled by the growth vehicle production and government mandates regarding the active and passive safety of vehicles. Increasing investment in infrastructure, construction activities and increasing vehicle sales are projected to drive the growth in this region.
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Key Players:
The key players in the Automotive Hydraulics System Market are Continental (Germany), Schaeffler (Germany), BorgWarner (US), Aisin Seiki (Japan) and ZF (Germany). New product developments (NPD), expansions, collaborations, and joint ventures are the key strategy adopted by these players to gain traction in the Automotive Hydraulics System Market.
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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