The Global Automotive Hydraulic System Market was valued at USD 47.40 billion in 2023 and is projected to grow with a compound annual growth rate (CAGR) of 3.20% from 2024 to 2032, reaching a market size of approximately USD 70.22 billion by 2032. Automotive hydraulic systems play a pivotal role in modern vehicles by using fluid mechanics to transmit power and motion. These systems are integral to components such as brakes and power steering, enhancing vehicle safety and performance through efficient control and responsiveness. Automotive hydraulic systems are instrumental in ensuring effective and reliable vehicle operations. The hydraulic brake systems, known for their precision and responsiveness, are preferred for their ability to deliver consistent braking force, crucial for emergency braking scenarios. These systems are appreciated for their smooth, gradual application of braking force, contributing to a comfortable driving experience and enhancing overall vehicle safety.
The market's expansion is significantly driven by the rising demand for commercial vehicles, which necessitates efficient transportation of goods. As international trade intensifies, the demand for trucks and other commercial vehicles grows, supporting global supply chains. E-commerce's surge further fuels the need for delivery vehicles, propelling the commercial vehicle sector's growth. Investments in infrastructure and urbanization trends also contribute to the increased utilization of commercial vehicles, fostering market growth. Despite the promising growth, the market faces challenges from alternative systems such as steer-by-wire and electro-mechanical braking systems, which offer precision control and integration with advanced driver assistance systems. However, the reliability, effectiveness, and cost-efficiency of hydraulic systems ensure their sustained demand in the automotive sector.
The key regions considered for the Global Automotive Hydraulic System Market study include Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. Asia-Pacific continues to dominate the Automotive Hydraulic System Market, driven by robust economic growth and rising disposable incomes. The region's expanding middle class and increasing consumer spending translate to higher demand for passenger vehicles. Additionally, the integration of advanced automotive technologies and significant investments by global manufacturers further boost the market in this region. Moreover, North America is projected to register the fastest growth as Automakers are heavily investing in electric vehicle (EV) and battery manufacturing facilities, emphasizing vertical integration to streamline the development and production processes. This approach aims to minimize production bottlenecks, reduce costs, and enhance supply chain resilience. These favorable conditions for automotive production are poised to drive significant market growth in the future.
Major market player included in this report are:
- ZF Friedrichshafen AG
- FTE Automotive Group
- Warner Electric LLC
- Robert Bosch GmbH
- JTEKT Corporation
- KYB Corporation
- Nexteer
- Hitachi Astemo Ltd.
- Roberto Nuti SpA
- MZW Motor
- Continental AG
- Schaeffler Group
- Aisin Seiki Co., Ltd.
- DENSO Corporation
- Brembo S.p.A.
The detailed segments and sub-segment of the market are explained below:
By Component
- Brakes
- Steering
- Shock Absorbers
By Vehicle Type
- PC & LCV (Passenger Cars & Light Commercial Vehicles)
- MDV & HDV (Medium & Heavy-Duty Vehicles)
By Region:
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Automotive Hydraulic System Market Executive Summary
- 1.1. Global Automotive Hydraulic System Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Vehicle Type
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Automotive Hydraulic System Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Automotive Hydraulic System Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Demand for Commercial Vehicles
- 3.1.2. Increasing International Trade
- 3.1.3. Infrastructure Investments
- 3.2. Market Challenges
- 3.2.1. Presence of Alternative Systems
- 3.2.2. High Initial Costs
- 3.3. Market Opportunities
- 3.3.1. Technological Advancements
- 3.3.2. Expanding Middle Class in Emerging Markets
- 3.3.3. Integration of Advanced Features in Vehicles
Chapter 4. Global Automotive Hydraulic System Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Hydraulic System Market Size & Forecasts by Component 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Automotive Hydraulic System Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Brakes
- 5.2.2. Steering
- 5.2.3. Shock Absorbers
Chapter 6. Global Automotive Hydraulic System Market Size & Forecasts by Vehicle Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Automotive Hydraulic System Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. PC & LCV (Passenger Cars & Light Commercial Vehicles)
- 6.2.2. MDV & HDV (Medium & Heavy-Duty Vehicles)
Chapter 7. Global Automotive Hydraulic System Market Size & Forecasts by Region 2022-2032
- 7.1. North America Automotive Hydraulic System Market
- 7.1.1. U.S. Automotive Hydraulic System Market
- 7.1.1.1. Component breakdown size & forecasts, 2022-2032
- 7.1.1.2. Vehicle Type breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Automotive Hydraulic System Market
- 7.2. Europe Automotive Hydraulic System Market
- 7.2.1. U.K. Automotive Hydraulic System Market
- 7.2.2. Germany Automotive Hydraulic System Market
- 7.2.3. France Automotive Hydraulic System Market
- 7.2.4. Spain Automotive Hydraulic System Market
- 7.2.5. Italy Automotive Hydraulic System Market
- 7.2.6. Rest of Europe Automotive Hydraulic System Market
- 7.3. Asia-Pacific Automotive Hydraulic System Market
- 7.3.1. China Automotive Hydraulic System Market
- 7.3.2. India Automotive Hydraulic System Market
- 7.3.3. Japan Automotive Hydraulic System Market
- 7.3.4. Australia Automotive Hydraulic System Market
- 7.3.5. South Korea Automotive Hydraulic System Market
- 7.3.6. Rest of Asia Pacific Automotive Hydraulic System Market
- 7.4. Latin America Automotive Hydraulic System Market
- 7.4.1. Brazil Automotive Hydraulic System Market
- 7.4.2. Mexico Automotive Hydraulic System Market
- 7.4.3. Rest of Latin America Automotive Hydraulic System Market
- 7.5. Middle East & Africa Automotive Hydraulic System Market
- 7.5.1. Saudi Arabia Automotive Hydraulic System Market
- 7.5.2. South Africa Automotive Hydraulic System Market
- 7.5.3. Rest of Middle East & Africa Automotive Hydraulic System Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. ZF Friedrichshafen AG
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Robert Bosch GmbH
- 8.3.3. Hitachi Astemo Ltd.
- 8.3.4. FTE Automotive Group
- 8.3.5. Warner Electric LLC
- 8.3.6. JTEKT Corporation
- 8.3.7. KYB Corporation
- 8.3.8. Nexteer
- 8.3.9. Roberto Nuti SpA
- 8.3.10. MZW Motor
- 8.3.11. Continental AG
- 8.3.12. Schaeffler Group
- 8.3.13. Aisin Seiki Co., Ltd.
- 8.3.14. DENSO Corporation
- 8.3.15. Brembo S.p.A
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes