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Automotive Hydraulic System Market - Forecasts from 2024 to 2029

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    Report

  • 143 Pages
  • September 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 6014322
The automotive hydraulic system market is predicted to grow at a CAGR of 6.57% thereby reaching US$49.382 billion in 2029 from US$35.925 billion in 2024.

A hydraulic system uses fluid power to adjust speed and acceleration dynamically. It is majorly used in the automotive sector for various applications, such as steering, brakes, and active suspension. The ongoing adoption of modern technological approaches to enhance overall vehicle performance has provided a new scope for the hydraulic systems market.

Moreover, the growing prevalence of car accidents, followed by investments to bolster innovations in brakes and power steering, has further stimulated market growth. Major automotive manufacturers have formed strategic tie-ups with major players to bolster their vehicles' safety, energy efficiency, and performance, which has led to an upward market trajectory. However, despite their performance benefits, the high cost of production is expected to act as a major market restraint, hampering the overall expansion.

Automotive Hydraulic System Market Drivers:

  • Growing technological adoption to bolster vehicle performance has accelerated the market expansion.
Hydraulic systems have become a key aspect for automotives since they find usage in many systems ranging from active suspension and brake-by-wire to power steering. The automotive sector's shift towards new technology to enhance vehicle performance and address current dynamics has opened up growth opportunities for hydraulic systems.
Various major companies are forming strategic collaborations to promote their hydraulic systems. For instance, in September 2023, Continental AG formed a strategic partnership with DeepDive to develop hydraulic drive and brake components that will be directly mounted on wheels. The partnership will have the technical expertise of both players in the brake system. Likewise, in May 2022, Nexteer Automotive and Continental expanded their CNXMotion’s “Brake-To-Steer” technology to improve safety redundancies across electric power steering applications.

Automotive Hydraulic System Market Geographical Outlook:

  • Asia Pacific will show significant growth during the forecast period.
Geography-wise, the automotive hydraulic system market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The APAC region is expected to account for a remarkable portion of the market as it houses major automotive manufacturing nations, namely China, Japan, India, and South Korea. These countries have experienced significant growth in production capacity over the past couple of years.
OICA data states that in 2023, automotive production in Asia Pacific reached 55.11 million units, accounting for nearly 58% of the global production volume. Production in China reached 30.160 million units, showcasing an 11.6% growth, whereas production in India, Japan, and South Korea experienced growth of 7.3%, 14.8%, and 13.1%, respectively.

North America is estimated to show significant growth fueled by the establishment of hydraulic hose and brake production plants in regional economies, namely the United States and Mexico. Likewise, the European region is projected to show constant growth during the time frame.

Reasons for buying this report::

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2029
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Automotive Hydraulic System market is segmented and analyzed as given below:

  • By Application
    • Brakes
    • Steering
    • Shock Absorbers
  • By Component
    • Master Cylinder
    • Slave Cylinder
    • Reservoir
    • Hose
  • By Vehicle Type
    • Passenger Vehicles
    • Light Commercial Vehicles
    • Medium & Heavy Commercial Vehicles
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for the Stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Supplier
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. AUTOMOTIVE HYDRAULIC SYSTEM MARKET BY APPLICATION
5.1. Introduction
5.2. Brakes
5.3. Steering
5.4. Shock Absorbers
6. AUTOMOTIVE HYDRAULIC SYSTEM MARKET BY COMPONENT
6.1. Introduction
6.2. Master Cylinder
6.3. Slave Cylinder
6.4. Reservoir
6.5. Hose
7. AUTOMOTIVE HYDRAULIC SYSTEM MARKET BY VEHICLE TYPE
7.1. Introduction
7.2. Passenger Vehicle
7.3. Light Commercial Vehicle
7.4. Medium and Heavy Commerical Vehicle
8. AUTOMOTIVE HYDRAULIC SYSTEM MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. Israel
8.5.3. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. FTE Automotive
10.2. ZF Friedrichshafen AG
10.3. Hitachi Astemo Americas, Inc.
10.4. Robert Bosch GmBH
10.5. Continental AG
10.6. BorgWarner Inc.
10.7. JTEKT ENGINEERING
10.8. NEXTEER AUTOMOTIVE
10.9. GKN Automotive Limited
10.10. MZW Motor
10.11. Scheller Automotive
10.12. AISIN CORPORATION

Companies Mentioned

Some of the key companies profiled in this Automotive Hydraulic System Market report include:
  • FTE Automotive
  • ZF Friedrichshafen AG
  • Hitachi Astemo Americas, Inc.
  • Robert Bosch GmBH
  • Continental AG
  • BorgWarner Inc.
  • JTEKT ENGINEERING
  • NEXTEER AUTOMOTIVE
  • GKN Automotive Limited
  • MZW Motor
  • Scheller Automotive
  • AISIN CORPORATION

Methodology

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Table Information