Global Automotive Hydraulics System Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and OTR), By Component (Hydraulic Master Cylinder, Hydraulic Reservoir and Others), By Application (Hydraulic Clutch, Hydraulic Suspension and Others), By Demand Category (OEM Vs Aftermarket), By Company and By Geography, Forecast & Opportunities, 2028
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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Global automobile hydraulics system market size was approximately USD 43.71 billion in 2023 and is predicted to grow with a CAGR of 3.9% during the forecast period of 2024-2030.
Economic growth, urbanization, and increased transport needs are important drivers that lead to increased commercial vehicle demand and, subsequently, drive the growth of the market.
The key drivers that are contributing to the increasing demand of market are rising sales of OTR vehicles and increasing vehicle production. Additionally, rising technological advancements in electro-hydraulic automotive applications can create opportunities for automotive hydraulics system manufacturers which is having a positive effect on the growth of the market.
Based on regional analysis, Asia Pacific is anticipated to lead the market over the forecast period followed by the North America region on account of rising vehicle production and government regulations concerning the active and passive safety of vehicles. Additionally, rising investment in construction activities is anticipated to propel the growth in this region.
Objective of the Study
- To analyse and forecast the market size of global Automotive Hydraulics System Market, in terms of value and volume
- To classify and forecast Global Automotive Hydraulics System Market based on vehicle type, component, application, demand category and regional distribution.
- To identify drivers and challenges for Global Automotive Hydraulics System Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Automotive Hydraulics System Market.
- To conduct the pricing analysis for Automotive Hydraulics System Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Automotive Hydraulics System Market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the suppliers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
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The global automotive hydraulics system market is segmented by application, component, vehicle type, and geographic region. Specifically, the market is divided into hydraulic brakes, clutches, suspensions, and tappets based on application. By component, segments include master cylinders, slave cylinders, reservoirs, and hoses. Vehicle types are categorized into passenger cars, light commercial vehicles, heavy commercial vehicles, and off-highway vehicles (agriculture, construction). Geographically, the market is segmented into regions like North America, Europe, Asia-Pacific, and others.
Elaboration
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By Application
the hydraulic brakes are the most common application, followed by clutches, suspensions, and tappets.
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By Component
Key components include master cylinders, slave cylinders (commonly used in braking and clutch systems), reservoirs for fluid storage, and hoses for fluid transmission.
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By Vehicle Type
Passenger cars, light commercial vehicles, and heavy commercial vehicles are major segments within the on-highway market. Off-highway vehicles, including agricultural equipment and construction equipment, represent another key segment.
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By Region
Mordor Intelligence identifies North America, Europe, and Asia-Pacific as major regional markets.
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Key Automotive Hydraulics System Companies
The following are the leading companies in the automotive hydraulics system market. These companies collectively hold the largest market share and dictate industry trends.
- Robert Bosch GmbH.
- MZW Motor
- FTE Automotive Group
- Schaeffler Technologies AG & Co.
- ZF Friedrichshafen AG
- JTEKT Corporation
- Nexteer
- BorgWarner Inc.
- Hitachi Astemo Americas, Inc.
- Warner Electric..
Key Target Audience
- Manufacturers of Automotive Hydraulics System
- Automotive OEMs
- Infrastructure Development Companies
- Raw material suppliers
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|
Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· Vehicle Type · Component · Application · Demand Category |
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Regional Scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country Scope |
United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
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Key Companies Profiled |
Bosch, ZF Friedrichshafen, Borgwarner, JTEKT, Continental, GKN, Wabco, FTE Automotive, Schaeffler, Aisin Seiki. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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