Automotive Hydraulics System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Automotive Hydraulics System Market was valued at USD 36.6 billion in 2023 and is projected to grow at 5% CAGR from 2024 to 2032. There is an increasing emphasis on creating advanced hydraulic fluids that not only perform better but also offer environmental advantages.

Manufacturers are turning to fluids that boast superior thermal stability, lower viscosity, and enhanced lubrication. Additionally, driven by strict regulations and a commitment to sustainability, there is a notable shift towards eco-friendly and biodegradable hydraulic fluids in the automotive sector. For example, in February 2024, Castrol launched Transaqua(TM) SP-HC, a cutting-edge hydraulic control fluid tailored for subsea production systems. As a member of the Transaqua lineup, this fluid is engineered to cater to the specific demands of direct hydraulic control and electro-hydraulic multiplex (EH-Mux) systems, showcasing outstanding performance even in high-pressure scenarios.

The automotive hydraulics system market is segmented by component, vehicle type, application, sales channel, and region.

When looking at vehicle types, the market is split into passenger, commercial, and electric vehicles. In 2023, passenger vehicles held a dominant share of over 56% in the automotive hydraulics system market. These vehicles are increasingly adopting advanced hydraulic systems to boost driving comfort and safety. Features like adaptive suspension systems and precision braking are becoming standard, driven by consumer desires for smoother rides and better handling.

In terms of sales channels, the market is divided between OEMs and the aftermarket. In 2023, OEMs captured approximately 70% of the market share. They are integrating sophisticated hydraulic systems into their designs to align with growing consumer demands for performance and safety. This integration is crucial, especially with components like powertrains and electronic controls. As OEMs aim to provide comprehensive, top-tier solutions, there is a marked rise in demand for tailored hydraulic systems that boost vehicle efficiency, handling, and safety.

Asia Pacific led the global automotive hydraulics system market with a significant share of about 34% in 2023. The region's swift urbanization and a burgeoning middle class are spurring a heightened demand for passenger vehicles with advanced hydraulic features. As consumers pursue superior driving experiences, manufacturers are homing in on producing high-performance yet cost-effective hydraulic components. Moreover, the region's bolstering automotive production, especially in nations like China and India, is propelling the uptake of these advanced technologies.

Product Code: 10751

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component manufacturers
- 3.2.3 System integrators
- 3.2.4 OEMs
- 3.2.5 Distributors and retailers
- 3.2.6 Service centers and workshops
- 3.2.7 End users
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing vehicle production worldwide boosts demand
  - 3.8.1.2 Technological advancements in hydraulic system components
  - 3.8.1.3 Rising safety and emission regulations globally
  - 3.8.1.4 Integration with advanced driver-assistance systems (ADAS)
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High cost of advanced hydraulic systems
  - 3.8.2.2 Regular maintenance requirements deter some consumers
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 ($Bn, Units)

5.1 Key trends
5.2 Master cylinder
5.3 Slave cylinder
5.4 Reservoir
5.5 Hoses
5.6 Others

Chapter 6 Market Estimates and Forecast, By Vehicle, 2021 - 2032 ($Bn, Units)

6.1 Key trends
6.2 Passenger vehicles
- 6.2.1 OEMs
- 6.2.2 Aftermarket
6.3 Commercial vehicles
- 6.3.1 OEMs
- 6.3.2 Aftermarket
6.4 Electric vehicles
- 6.4.1 OEMs
- 6.4.2 Aftermarket

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 ($Bn, Units)

7.1 Key trends
7.2 Braking systems
7.3 Steering systems
7.4 Suspension systems
7.5 Clutch systems

Chapter 8 Market Estimates and Forecast, By Sales Channel, 2021 - 2032 ($Bn, Units)

8.1 Key trends
8.2 OEMs
8.3 Aftermarket

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn, Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Aisin Seiki Co., Ltd.
10.2 Bosch
10.3 Brembo S.p.A.
10.4 CITIC Dicastal Co., Ltd.
10.5 Continental AG
10.6 Delphi Technologies
10.7 Eaton Corporation
10.8 FTE Automotive
10.9 Hitachi Automotive Systems, Ltd.
10.10 Hyundai Mobis
10.11 Johnson Controls International plc
10.12 JTEKT Corporation
10.13 Mando Corporation
10.14 Nissin Kogyo Co., Ltd.
10.15 Parker Hannifin Corporation
10.16 Rane Group
10.17 Schaeffler Group
10.18 TRW Automotive
10.19 Webasto Group
10.20 ZF Friedrichshafen AG