Press release
Automotive Hydraulic System Market Size & Share - Industry Trend and Forecast 2018 - 2026
The main objective of this report is to define, describe, and forecast the global “Automotive Hydraulic System ” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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The hydraulic system is a prominent part in an automobile, which helps lubricate and dissipate heat from the various components in a vehicle. The linkages in a vehicle are likely to cause the wear of the components. The components also experience corrosion, as they are made of metal. Lubrication is important in order to resist corrosion and wear of the components. Furthermore, lubrication helps the various mechanical systems in the vehicle to function properly. Hydraulic systems are used to provide the fluid to the parts where heat is generated. This fluid helps to dissipate the heat generated in the parts.
The ever-increasing production of vehicles and the rising demand for commercial vehicles are projected to boost the hydraulic system market for automotive during the forecast period. Regulatory bodies, worldwide, have imposed stringent norms on carbon emissions from automobiles in order to protect the environment. The hydraulic system helps the engine to function properly, and ultimately, controls emission. This factor is anticipated to propel the hydraulic system market for automotive in the near future. All these factors are likely to drive the hydraulic system market for automotive in the next few years.
Changing hydraulic fluid, replacement, high cost, and integration in the vehicle are some restraints of the hydraulic system market for automotive.
The hydraulic system market for automotive can be segmented based on application, component, sales channel, vehicle type, and region.
Based on application, the hydraulic system market for automotive can be segmented into clutch and other three broad segments. Clutch is a mediator between the engine and transmission. Therefore, proper functioning of the clutch is very important for the proper running of the vehicle. This can be achieved by the hydraulic system.
Based on vehicle type, the hydraulic system market for automotive can be classified into passenger vehicles (PVs), commercial vehicles (CVs), and off road vehicles. The passenger vehicles segment is further sub-segmented into hatchbacks, sedans, multi-purpose vehicles (MPVs), and sport utility vehicles (SUVs). The commercial vehicles segment can be further split into lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Off road vehicles are used in the various applications such as agriculture, mining, and construction. Expansion of these industries makes the off road vehicle segment highly lucrative for the hydraulic system market for automotive.
Based on components, the hydraulic system market for automotive can be segregated into master cylinder and three more segments.
Based on sales channel, the hydraulic system market for automotive can be classified into Original Equipment Manufacturing (OEM) and Aftermarket.
Based on geography, the global hydraulic system market for automotive can be segmented into North America, Europe, Asia Pacific, and Rest of World (RoW). Asia Pacific accounts for a major share of the global hydraulic system market for automotive, owing to the high rate of adoption of automotive hydraulic systems and boom in the automotive sector in the region, leading to increased production of vehicles with automotive hydraulic systems, especially in China and India.
Key players operating in the global hydraulic system market for automotive include Aisin Seiki (Japan), Bosch (Germany), Fte Automotive, GKN, Wabco, ZF (Germany), BorgWarner (US), and JTEKT (Japan).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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