Press release
Automotive Hydraulics System Market is Anticipated to Expand upto $62.56 Billion in 2029
Automotive Hydraulics System Market Size
What Is the Forecasted Market Growth Rate of the Automotive Hydraulics System Industry?
The size of the automobile hydraulics system market has seen significant growth in recent years. The market, which was worth $43.39 billion in 2024, is predicted to increase to $46.13 billion in 2025, with an annual compound growth rate (CAGR) of 6.3%. The pegged growth in the historical period can be credited to the uptake of power steering, the demand for heavy commercial vehicles, safety regulations, the construction and mining equipment industry, and material handling equipment.
How Will the Automotive Hydraulics System Market Size Evolve From 2025 to 2029?
In the coming years, the size of the automotive hydraulics system market is anticipated to experience robust growth, with the market predicted to expand to $62.56 billion by 2029, at a compound annual growth rate (CAGR) of 7.9%. A variety of factors are contributing to this growth for the forecast period, such as the advancement of electrification and hybridization, the use of lightweight materials, the development of advanced driver assistance systems (ADAS), growth in the construction industry, advancements in precision agriculture, and improvements in condition monitoring and predictive maintenance. Further trends emerging during this forecast period include the use of electro-hydraulic systems, energy-efficient hydraulic systems, intelligent hydraulic control, hydraulic hybrid vehicles, and the development of modular and scalable designs, as well as the adoption of eco-friendly hydraulic fluids.
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What Are the Main Growth Drivers in the Automotive Hydraulics System Market Today?
The automotive hydraulics system market is poised for growth, driven by increasing vehicle production. Vehicles, which are used for transporting people and commodities, can greatly benefit from hydraulic systems. These systems offer a more effective storage and discharge of energy compared to vehicle electric batteries. They also help drivers to effortlessly steer their vehicles. The India Brand Equity Foundation (IBEF), an export promotion agency based in India, projects that 22.93 million vehicles will be manufactured in India in 2022. This surge in vehicle production is bolstering the growth of the automotive hydraulics system market.
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Which Automotive Hydraulics System Market Segment Is Expected to Lead Through 2029?
The automotive hydraulics system market covered in this report is segmented -
1) By Component: Master Cylinder, Slave Cylinder, Reservoir, Hose
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Application: Brake, Clutch, Suspension, Tappet
4) By End User: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Master Cylinder: Conventional Master Cylinder, Dual Circuit Master Cylinder, ABS Master Cylinder
2) By Slave Cylinder: Clutch Slave Cylinder, Brake Slave Cylinder
3) By Reservoir: Plastic Reservoir, Metal Reservoir
4) By Hose: High-pressure Hydraulic Hose, Low-pressure Hydraulic Hose, Flexible Hydraulic Hose
Which Market Trends Are Expected to Dominate Automotive Hydraulics System Industry Growth?
The automotive hydraulics system market is witnessing a surge in product innovations as key trends. Firms majorly involved in this sector are focusing their efforts on creating unique product innovations to foster market growth. For example, Danfoss, a manufacturing company based in Denmark, unveiled the Winner Hydraulic Hoses in October 2023. The Winner solutions are aimed at achieving standard performance requirements at an affordable price. Alongside a fully engineered system of compatible fittings, assembling machinery, and exceptional value-added services, the Winner series assures dependable, leakage-free performance, minimized maintenance needs, and a lesser overall ownership cost. Abiding by both EN and SAE industry norms, it consistently maintains its design and build quality, offering complete system-engineered solutions.
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Which Companies Hold the Largest Market Share in the Automotive Hydraulics System Sector?
Major companies operating in the automotive hydraulics system market include JTEKT Corporation, ZF Friedrichshafen AG, Toyota Motor Corporation, Aisin Corporation, Schaeffler Technologies AG & Co. KG, BorgWarner Inc., Robert Bosch GmbH, GKN Ltd., Fte Automotive GmbH, Continental Hydraulics Inc., Warner Electric LLC, Altra Industrial Motion Corp., Dantal Hydraulics Pvt. Ltd., RR Parkon LLC, Brakes India Limited, Bosch Rexroth Corporation, Eaton Corporation, Parker Hannifin Corporation, KYB Corporation, WABCO Holdings Inc., Hawe Hydraulik SE, Linde Hydraulics GmbH & Co. KG, Voith Group, Danfoss Power Solutions AS, Marzocchi Pumps USA, Sun Hydraulics LLC, Bucher Hydraulics GmbH, Oilgear Company, Duplomatic Oleodinamica S. p. A., HydraForce Inc.
Where Is the Automotive Hydraulics System Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the automotive hydraulics system market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive hydraulics system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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