Market Overview

2018 Automotive Hydraulics System Market by Application, OE Component, Aftermarket Component, On-Highway Vehicle, Off-Highway Vehicle & Region - Global Forecast to 2025 - ResearchAndMarkets.com

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The "Automotive
Hydraulics System Market by Application (Brake, Clutch, Suspension &
Tappet), OE Component (Master Cylinder, Slave Cylinder, Reservoir),
Aftermarket Component, On-Highway Vehicle, Off-Highway Vehicle & Region
- Global Forecast to 2025"
report has been added to ResearchAndMarkets.com's
offering.

The Global Automotive Hydraulics System Market is Projected to Grow at a
CAGR of 6.04% from USD 32.13 Billion in 2017 to Reach USD 51.37 Billion
By 2025.

Increasing sales of on-highway vehicles and infrastructural development
in emerging economies and increasing sales of off-highway vehicles to
boost the demand for automotive hydraulics system are driving factors
for the automotive hydraulics system market. Whereas, replacement of
hydraulic applications with the full electrical system is a restraining
factor for automotive hydraulics system market.

The advent of technological advancement in vehicle braking and
suspension system and the advanced electro-hydraulic system is creating
opportunities for the automotive hydraulics system in upcoming years. On
the other hand, factors such as user concerns regarding reduced noise,
increasing uptime and reliability of hydraulic system and contamination
of hydraulic fluids are creating challenges for automotive hydraulics
system market in future years.

The Asia Pacific region is estimated to hold the largest share of global
automotive hydraulics system in the year 2017. The segment is estimated
to grow with the highest CAGR in the forecast period. The expansion of
infrastructure development industry and increase in vehicle sales are
expected to fuel automotive hydraulics system market in Asia Pacific
region.

Market Dynamics

Drivers

  • Increasing Sales of Off-Highway Vehicles
  • Increasing Vehicle Production

Restraints

  • Replacement of Hydraulic Systems With Fully Electrical Systems
  • High Maintenance Cost of Hydraulic Systems

Opportunities

  • Technological Advancements in Vehicle Braking and Suspension Systems
  • Increasing Application Scope of Electro-Hydraulic Systems

Challenges

  • User Concerns Regarding the Noise, Uptime, and Reliability of
    Hydraulic Systems
  • Contamination of Hydraulic Fluids

Companies Mentioned

  • Aisin Seiki
  • Borgwarner
  • Bosch
  • Continental
  • Fte Automotive
  • GKN
  • Jtekt
  • Schaeffler
  • Wabco
  • ZF Friedrichshafen

For more information about this report visit https://www.researchandmarkets.com/research/w7h9z4/2018_automotive?w=4

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