Automotive Hydraulics System Market Size, Share, Growth Analysis, By Component (Master Cylinder, Slave Cylinder, Reservoir, and Hose), By Application (Brakes, Clutch, Suspension, and Tappets), By Region - Industry Forecast 2024-2031

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).

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.