Automotive Hydraulics System Market Size, Share, Trends, Growth and Forecast 2032

Global Automotive Hydraulics System Market: Overview

The global Automotive Hydraulics System Market, which accrued revenue worth nearly 38.19 Billion in 2023 and is slated to garner earnings worth 67.05 Billion by 2032, is set to grow at a CAGR of 5.8% during the period from 2023 to 2032. The report offers a valuation and analysis of the Automotive Hydraulics System market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

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Automotive Hydraulics System Market: Introduction

Automotive hydraulics systems are utilized in vehicles and control the functioning of brake, clutch, and suspension. Breakthroughs in electro-hydraulic automotive devices are projected to generate revenue sources for the manufacturers of automotive hydraulics systems. The surge in construction activities across the globe will enhance the sale of vehicles on highways, thereby generating massive demand for automotive hydraulics tools in the foreseeable future. Massive infrastructural growth in emerging economies and a surge in the sale of automobiles will promote the growth of the automotive hydraulic systems industry over the assessment period.  

Automotive Hydraulics System Market: Growth Dynamics

With hydraulic systems having the ability to discharge power proficiently as compared to electric batteries, the market for the automotive hydraulic system is anticipated to gain traction over the years ahead. The surge in logistics activities as a result of industrial sector expansion across developing countries along with the thriving tourism industry has produced humungous commercial vehicle demand. This, in turn, will steer the expansion of the automotive hydraulic system industry over the assessment timeline. Nonetheless, the large-scale replacement of automated hydraulic systems with completely automated electric systems will impede the expansion of the automated hydraulic system market over the projected timeframe.

Furthermore, thriving eCommerce activities and escalating need for material transport will create lucrative demand for commercial vehicles, thereby opening new gates of growth for the automated hydraulic system market. The automated hydraulic system industry is likely to achieve new milestones in terms of size and revenue with its prominent demand in the automotive industry over the assessment period.

Asia Pacific Automotive Hydraulic System Industry To Witness Huge Growth By 2032

The expansion of the automotive hydraulic system market in the Asia Pacific zone over the forecast timeline is attributed to the massive allocation of funds to construction and infrastructural growth in the countries such as China and India. In addition to this, the surge in vehicle production in the region with a large number of countries in the top ten global vehicle producers will further promote regional market trends. Apart from this, the surge in automotive sales in the region will proliferate the scope of the business in the sub-continent. Apparently, large numbers of vehicle manufacturers are shifting their headquarters to the region due to the availability of cost-effective labor and liberal government policies as well as encouragement by the governments of India and China to invest more in their countries. In addition to this, growing encouragement for foreign direct investments and the presence of strong road infrastructure facilities will pave a way for the growth of the automotive hydraulic system industry in the Asia Pacific over the years ahead. With government addressing the issues such as vehicular safety, the market is anticipated to gain traction over the forthcoming years.

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Automotive Hydraulics System Market: Report Scope

Key participants profiled in the report include:

• ZF
• BorgWarner
• Bosch
• Aisin Seiki
• JTEK.

The global automotive hydraulics system market is segmented as follows:

By Application

• Hydraulic Brakes
• Hydraulic Clutch
• Hydraulic Suspension
• Hydraulic Tappets

By OE Component

• Master Cylinder
• Slave Cylinder
• Reservoir
• Hose

By On-Highway Vehicles

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

By Off-Highway Vehicles

• Construction Vehicles
• Agricultural Vehicles

By Aftermarket Component

• Master Cylinder
• Slave Cylinder

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa