Global Automotive Hydraulics System Market

Automotive Hydraulics System Market Size, Share, Growth Analysis, By Component(Master Cylinder, Slave Cylinder, Reservoir, and Hose), By On-Highway Vehicles(Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By On-highway Vehicles(Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), By Off-Highway Vehicles(Agriculture Equipment, and Construction Equipment), By Application(Brakes, Clutch, Suspension, and Tappets), By Sales Channel(OEM, and Aftermarket), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25A2318 | Region: Global | Published Date: November, 2024
Pages: 224 | Tables: 143 | Figures: 75

Automotive Hydraulics System Market Insights

Automotive Hydraulics System Market size was valued at USD 42.5 Billion in 2023 and is poised to grow from USD 44.07 Billion in 2024 to USD 58.18 Billion by 2032, growing at a CAGR of 3.7% during the forecast period (2025-2032).

Increasing demand for on-highway and off-highway vehicles has increased the demand for in-vehicle plumbing systems across the globe. Increasing urbanization or increasing construction activities has increased the demand for construction vehicles with advanced electric propulsion and this in turn can create lucrative growth opportunities for vehicle fluid transportation change the market. Increasing upward trend due to increasing technology is also boosting the growth of automotive hydraulic system in the market. Growing technological advances in the use of electric and hydrocarbons coupled with government mandates for active and passive vehicle safety will further increase the demand for automotive hydraulic systems.

Trends in automotive manufacturing and sales significantly influence the automotive fluid system market. As the automotive industry expands, especially in emerging economies, the demand for vehicles equipped with hydraulic systems for braking, power steering, transmission and suspension applications will increase. Continuous advancement in hydraulic system technology is driving the market growth. Innovation focuses on improving system performance, durability and performance by reducing weight and size. Manufacturers are investing in research and development to develop new water features, materials and designs that are in line with evolving industry standards and customer requirements. Stringent regulations on automotive safety, emissions and fuel efficiency impact the automotive fluid system market. Compliance with safety standards such as ABS (Anti-Lock Braking System) and ESC (Electronic Stability Control) is driving the adoption of hydraulic braking systems with advanced features.

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Global Automotive Hydraulics System Market size was valued at around USD 40.9 billion in 2022 and is expected to rise from USD 42.5 billion in 2023 to reach a value of USD 56.1 billion by 2031, at a CAGR of 3.7% over the forecast period (2024–2031).

The competitive environment of the Global Automotive Hydraulics System Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Key players competing in the global market are AISIN CORPORATION; BorgWarner Inc.; Continental AG; DANTAL HYDRAULICS; FTE Automotive; Hydra-Slide; Melrose Industries PLC; NSK Ltd.; Robert Bosch GmbH; RR Parkon; Schaeffler AG; WABCO; Warner Electric; and ZF Friedrichshafen AG.These companies adopted development strategies including collaboration, product launches, mergers, acquisitions, partnerships, and production expansion to expand their consumer base globally. 'Robert Bosch GmbH ', 'Continental AG ', 'ZF Friedrichshafen AG ', 'BorgWarner Inc. ', 'Eaton Corporation ', 'Aisin Seiki Co., Ltd. ', 'Dana Incorporated ', 'Magna International Inc. ', 'Knorr-Bremse AG ', 'Nexteer Automotive Group Ltd. ', 'Mando Corporation ', 'Hitachi Astemo, Ltd. ', 'Brembo S.p.A. ', 'Schaeffler AG ', 'Nissin Kogyo Co., Ltd. ', 'Hyundai Mobis Co., Ltd. ', 'FTE Automotive Group ', 'WABCO Holdings Inc. ', 'GKN Automotive ', 'Tenneco Inc.'

Various vendors in the aquatic ecosystem continue to invest in research and development to develop advanced aquatic equipment and provide better solutions for customers. For example, Integrated Brake Control (IBC), a non-vacuum, integrated electric-hydraulic brake by ZF Group uses a control unit that can build electronic stability control, vacuum boosters, vacuum pumps, and cables, sensors, switches, and controllers that go with them. It provides regenerative braking in one integrated package and covers powerful, fuel-efficient vehicles without the need for an additional vacuum pump. One of the key innovations to drive market expansion is the development of smart water treatment plants.

Increasing Manufacturing Activities: Increasing manufacturing and e-commerce activities, due to technological expansion across the globe, has led to demand for transportation equipment, which has led to a rise in commercial vehicle sales. This is likely to drive the market. Commercial vehicles are constantly loaded remotely, all year round. This requires vehicle systems that can withstand heavy loads without compromising fuel consumption and energy efficiency. Hydraulic systems are simpler, safer and more cost-effective because they have fewer moving parts compared to electrical systems. This provides an upgrade from hydraulic to electrical systems and electrification of passenger vehicles is expected in the near future. Hydraulic systems for commercial vehicles will be used, in order to capture the largest market share for hydraulic systems, during the forecast period.

Asia Pacific is expected to maintain its market dominance. Growing population in the region and urbanization are the major factors driving the market expansion of automotive plumbing systems. The emergence of China as a major global manufacturing hub has boosted demand for passenger cars. The availability of infrastructure and cheap labor boosts the production of automotive fluid energy systems in the region.

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Global Automotive Hydraulics System Market

Report ID: SQMIG25A2318

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