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The automotive hydraulics system market share is expected to increase by USD 5.79 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.99%.
This automotive hydraulics system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive hydraulics system market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, South America, and MEA). The automotive hydraulics system market report also offers information on several market vendors, including Aisin Corp., Altra Industrial Motion Corp., BorgWarner Inc., Continental AG, Cool Cars Engineering, Dantal Hydraulics Pvt Ltd., Robert Bosch GmbH, RR Parkon, Schaeffler AG, and ZF Friedrichshafen AG among others.
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The growing focus on smart hydraulic equipment is notably driving the automotive hydraulics system market growth, although factors such as high manufacturing and maintenance cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive hydraulics system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Hydraulics System Market Driver
One of the key factors driving growth in the automotive hydraulics system market is the growing focus on smart hydraulic equipment. Various vendors in the hydraulic ecosystem are continuing to invest in research and development to develop improved hydraulic equipment and give better solutions to consumers. For example, ZF Group introduced integrated brake control (IBC), non-vacuum, integrated electro-hydraulic brakes apply control unit that may replace electronic stability control, vacuum booster, and vacuum pump, as well as the cables, sensors, switches, and controllers that go with them. It provides regenerative braking in a single integrated unit and covers fuel-efficient powertrains without the requirement for a vacuum pump supplement. One of the primary innovations that will fuel market expansion is the development of intelligent hydraulic equipment units.
Key Automotive Hydraulics System Market Challenge
The high manufacturing and maintenance cost will be a major challenge for the automotive hydraulics system market during the forecast period. Proactive maintenance involves appropriate monitoring and diagnostic tools to determine the performance and condition of hydraulic cylinders. However, these tools incur a heavy investment. The major problems with automotive hydraulics systems are the generation of noise and equipment failure under a high fluid temperature. End-users need to continuously monitor the functioning of automotive components, thereby incurring substantial maintenance costs, which will negatively affect the growth of the global automotive hydraulics system market.
This automotive hydraulics system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive hydraulics system market encompasses successful business strategies deployed by the key vendors. The automotive hydraulics system market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive hydraulics system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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60% of the market's growth will originate from Europe during the forecast period. Germany is the key market for automotive hydraulics systems in Europe. Market growth in Europe will be faster than the growth of the market in other regions.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The automotive hydraulics system market share growth by the passenger cars segment will be significant during the forecast period. Growing demand for alternate fuel vehicles is expected to drive the passenger cars segment of the global automotive hydraulics system market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive hydraulics system market size and actionable market insights on post COVID-19 impact on each segment.
Automotive Hydraulics System Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.99% |
Market growth 2022-2026 |
$ 5.79 billion |
Market structure |
Fragmented |
YoY growth (%) |
1.84 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
Europe at 60% |
Key consumer countries |
US, China, Germany, Japan, and South Korea (Republic of Korea) |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aisin Corp., Altra Industrial Motion Corp., BorgWarner Inc., Continental AG, Cool Cars Engineering, Dantal Hydraulics Pvt Ltd., Robert Bosch GmbH, RR Parkon, Schaeffler AG, and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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