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 global automotive hydraulics system OE 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. The automotive hydraulics system market is dominated by a few global 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.
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Continental (Germany) has adopted expansion as key strategies to dominate the position of leader in the automotive hydraulics system market. For instance, in the past 4 years, Continental has done 3 business expansions and a one new product development and joint venture. In March 2017, Continental started production operations at a plant located in San Luis Potosi, Mexico with the investment of USD 167 million. The plant is intended to manufacture hydraulic brake systems with integrated solutions for actuation, modulation and brake pressure, as well as providing information to the vehicle’s electronic systems. In July 2016, Continental announced the opening of its test center in Yancheng, Jiangsu Province, China. The test center is established with the intention to support the testing and validation of safety products and systems such as electronic and hydraulic brake systems, advanced driver assistance systems (ADAS) and tires. This is carried out with the cooperation of China Automotive Technology & Research Center (CATARC). Whereas, in March 2014, Continental completed construction of its manufacturing facility located in Fletcher, North Carolina, US. The plant which is a part of company’s Hydraulic Brake Systems Business Unit of Continental’s Chassis & Safety Division was intended to increase the production capacity and the production of Electric Parking Brakes (EPB) locally. In August 2017, the company introduced the new cutting brake technology MK C1 to serve highly automated driving (HAD). The MK C1 HAD system which is equipped with the architecture of two networked braking system units offers a stepped degradation concept. This ensures the required deceleration level without driver interaction. Continental assures that with the combination of the MK C1 and MK 100 based hydraulic brake extension (HBE), redundant braking systems for highly automated driving can be installed
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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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