The Global Automotive Hydraulics System Market Size is expected to cross USD $54 billion by 2030 at a CAGR of 6.0% during the forecast period 2022-2030

Automotive Hydraulic Systems Market Overview:

Automotive hydraulic systems include transmission systems that use pressurized hydraulic fluid to drive mechanical systems. The hydraulic system thus functions to transfer energy due to the pressure difference between the two points. This is fundamentally different from conventional mechanical systems that depend on the system to function due to the flow of kinetic energy. Hydraulic systems are considered more accurate than conventional mechanical drive systems because friction can reduce their efficiency over time. Growing logistics activities, expansion of the industrial sector and expansion of the tourism sector are expected to boost the demand for commercial vehicles, which in turn is likely to boost the demand for hydraulic systems. Hydraulic systems can store and release energy more efficiently than batteries. Vehicles that require a lot of power know that a hydraulic hybrid drive is more efficient than an electric drive. The most common uses of hydraulic systems in automobiles are power steering, shock absorbers and brakes.

Automotive Hydraulic Systems Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Automotive Hydraulic Systems Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In February 2021, Bosch Rexroth India unveiled its offering to the Indian automotive market with intelligent connected hydraulics. The manufacturers claim these systems are equipped with predictive analytics and help with proactive maintenance.

Major Market Segments Covered in Automotive Hydraulic Systems Market Industry Research:

Market Key Players:
JTEKT Corporation (Japan), ZF Friedrichshafen AG (Germany), WABCO Holdings Inc. (U.S.), Aisin Seiki Co. Ltd. (Japan), Schaeffler Technologies AG & Co. KG (Germany), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), GKN plc (U.K.), FTE Automotive Group (Germany), Continental AG (Germany)

By Type:

• Passenger Cars (PCs)
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Component

• Master Cylinder
• Slave Cylinder
• Reservoir
• Hose

By Application:

• Brake
• Clutch
• Suspension
• Tappet

By Region:

Asia Pacific is expected to be the dominant region in the global automotive hydraulic system market owing to increasing automobile production in countries such as India and China and stringent government regulations regarding vehicle safety in these countries.

Europe is expected to witness significant growth in the overall automotive hydraulic system market owing to the presence of several well-established market players in countries such as the UK and Germany.

North America is projected to witness strong growth in the coming years owing to growing demand for commercial vehicles from various population sections in countries such as the United States and Canada.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Trends and Opportunities

Increasing production of different types of vehicles across the globe is a major growth driver for the automotive hydraulic system market.

Moreover, increasing demand for commercial vehicles in major economies is expected to propel the growth of the overall automotive hydraulic system market over the coming years.

The hydraulic system has been proven to help the engine run smoothly and helps control emissions. These product features can fuel product demand and contribute to the growth of the global automotive hydraulic system market in the future.

Innovation on existing products by incorporating new technologies can bolster product demand in the years to come.

Other factors such as increase in disposable income of various population sections across the globe can help boost automotive demand and contribute to the growth of the overall automotive hydraulic system market.

The off-field vehicle type is expected to be the largest contributor to the overall automotive hydraulic system market in the coming years, owing to the increasing deployment of automotive hydraulic systems in vehicles used in construction, mining, and agricultural activities.

Automotive Hydraulic Systems Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 6.0% from 2022 to 2030.
By Type	Hydraulic Brakes, Hydraulic Clutch, Hydraulic Suspension, Hydraulic Tappets, Others
By Application	Passenger Vehicle, Commercial Vehicle
By Companies	Bosch, ZF Friedrichshafen, Borgwarner, JTEKT, Aisin Seiki, Continental
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Key Takeaways from this Automotive Hydraulic Systems Market Report

• Estimate Automotive Hydraulic Systems Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Automotive Hydraulic Systems Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Automotive Hydraulic Systems Market?

The Automotive Hydraulic Systems Market is growing at a CAGR of 6.0% During Forecast Period.

 What are the key types of Automotive Hydraulic Systems Market?

Passenger Cars (PCs), Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)

What are the key applications of Automotive Hydraulic Systems Market?

Brake, Clutch, Suspension, Tappet

Who are the key players in Automotive Hydraulic Systems Market?

JTEKT Corporation (Japan), ZF Friedrichshafen AG (Germany), WABCO Holdings Inc. (U.S.), Aisin Seiki Co. Ltd. (Japan), Schaeffler Technologies AG & Co. KG (Germany), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), GKN plc (U.K.), FTE Automotive Group (Germany), Continental AG (Germany)