Automotive Hydraulics System Market Qualitative Analysis by Industry Overview – 2025 | MarketsandMarkets™
The Global 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
automotive hydraulics 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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analyst for a discussion on the above findings, click Speak
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