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Pulished Date February, 2020
ID: 8672
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Automotive Hydraulics System Market Analysis – By Application (Hydraulic Brakes, Hydraulic Clutch, Hydraulic Suspension, Hydraulic Tappets), by On-Highway Vehicles (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Off-Highway Vehicles (Construction Vehicles, Agricultural Vehicles) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global Industry Size, Growth, Share, Value, Trends and Demand Forecast Report 2018-2023

Pulished: February, 2020
ID: 8672
Pages: 175

Market Overview:

Over the years, the vehicle's steering system has changed from an old conventional steering system to power steering systems. The increase in demand for automobiles has directly driven the growth of the steering systems market. The electric steering wheel's hydraulic system adds controlled power to the steering mechanism, which in turn allows effortless maneuvering for smooth turns and reduces the body effort required to turn the wheels when the vehicle slows down or stops. With the introduction of new technologies in the market of steering systems such as EPS, EPHS, the market for motor vehicles is taking a new turn.

The hydraulic steering system in automobiles provides greater steering power through an actuator, a hydraulic cylinder. These systems have a direct connection between the steering wheel and the connection path that directs the steering wheel. Many original equipment manufacturers are working to innovate new technologies in vehicle steering systems. In the reduction of automobiles, various technologies are being worked on, such as Steering by Wire and steering technology for steering systems. The global demand for hybrid and construction machinery will increase due to the increased demand for quiet driving and the rise of emerging markets.

Recent developments:

January 2018: Schaeffler showcased a portfolio of low-emission and locally zero-emissions driving for all three engine systems, namely, newly manufactured cars using all-electric traction systems, hybrid powertrain systems, and internal combustion engine (ICE). The company developed hydraulic-switchable valve tappet, which allows individual cylinders to be deactivated. The first three-cylinder engine using such a system from Schaeffler will likely go into production in 2018.

Market value and expected growth:

The increasing production of vehicles and the growing demand for commercial vehicles are expected to boost the market for hydraulic systems for motor vehicles over the forecast period. Supervisors around the world have issued tough regulations on CO2 emissions from motor vehicles to protect the environment. The hydraulic system helps the engine to function properly and ultimately controls the emission. It is expected that this factor will boost the market for automotive hydraulic systems in the near future. All of these factors should drive the market for hydraulic vehicle systems in the coming years. The global market for hydraulic vehicle systems is estimated at $34.23 billion in 2018 and is expected to reach a CAGR of 6.04% by 2023, reaching $45.37 billion.

Market Drivers and Restrictions:

One of the main factors leading to an increase in hydraulic steering is the increase in car production in countries such as India, China, Brazil, and Mexico. As customers place more and more emphasis on easy driving, manufacturers are increasingly focusing on power steering systems. Due to the high demand and sales of SUV vehicles on commercial vehicles and commercial vehicles, the market for hydraulic steering systems has grown to an exponential level. Hydraulic steering is being challenged by the new market operator, the Electrical Steering Systems (EPS). With the need to reduce fuel consumption and logistical benefits, OEMs are driving innovation. The EPS consumes less fuel compared to the HPS, which in turn contributes to cost savings. The increase in the option of sharing cars also impacts the sales of the hydraulic steering system market, as consumers prefer to share a car instead of buying a car.

Market Taxonomy:

By Application:

  • Hydraulic Brakes
  • Hydraulic Clutch
  • Hydraulic Suspension
  • Hydraulic Tappets

By On-Highway Vehicles:

  • Passenger Cars (PCs)
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Off-Highway Vehicles:

  • Construction Vehicles
  • Agricultural Vehicles

Geographically, the global market for automotive hydraulic systems can be divided into North America, Europe, Asia-Pacific, and the rest of the world (RoW). Asia-Pacific represents a large part of the world market for hydraulic systems for motor vehicles. This is due to the high level of acceptance of the automotive hydraulic systems and the boom of the automotive sector in the region, which leads to greater production of vehicles with hydraulic systems for vehicles, especially in Europe, China and India.

Key participants:

The ecosystem of the automotive hydraulics system market consists of manufacturers such as Aisin Seiki (Japan), Bosch (Germany), ZF (Germany), BorgWarner (US) and JTEKT (Japan) and research institutes such as Colorado Off-highway Vehicle Coalition (COHVCO), Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).

Highlights of the research report:

  • Overview of key market forces that drive and constrain market growth.
  • Updated analysis of market trends and technological improvements.
  • Exact analysis of competitive dynamics in the market to give you a competitive advantage
  • An analysis of main competitor strategies.
  • A series of graphics and SWOT analysis of the main segments of the industry.
  • Detailed analysis of industry trends.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Automotive Hydraulics System Market, By Application                           

                                6.1.1 Hydraulic Brakes   

                                6.1.2 Hydraulic Clutch    

                                6.1.3 Hydraulic Suspension         

                                6.1.4 Hydraulic Tappets

                                6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Automotive Hydraulics System Market, By on-Highway Vehicles                       

                                6.2.1 Passenger Cars      

                                6.2.2 Light Commercial Vehicles

                                6.2.3 Heavy Commercial Vehicles             

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Automotive Hydraulics System Market, By Off-Highway Vehicles                      

                                6.3.1 Construction Vehicles        

                                6.3.2 Agricultural Vehicles           

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Application        

                                7.2.3 By on-Highway Vehicles    

                                7.2.4 By Off-Highway Vehicles   

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Application        

                                7.3.3 By on-Highway Vehicles    

                                7.3.4 By Off-Highway Vehicles   

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Application        

                                7.4.3 By on-Highway Vehicles    

                                7.4.4 By Off-Highway Vehicles   

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Application        

                                7.5.3 By on-Highway Vehicles    

                                7.5.4 By Off-Highway Vehicles   

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Application        

                                7.6.3 By on-Highway Vehicles    

                                7.6.4 By Off-Highway Vehicles   

8. Key Player Analysis                                    

                8.1 Aisin Seiki                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Bosch                            

                8.3 ZF                   

                8.4 BorgWarner               

                8.5 JTEKT                             

                8.6 Colorado Off-highway Vehicle Coalition                         

                8.7 Automobile Manufacturers Association                         

                8.8 European Automobile Manufacturers Association                    

                8.9 Canadian Automobile Association                    

                8.10 Korea Automobile Manufacturers Association                         

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Application, By On-Highway Vehicles, By  Off-Highway Vehicles and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Hydraulics System Market By Region, From 2018-2023 ( USD Billion )
  2. Global Automotive Hydraulics System Market By Application, From 2018-2023 ( USD Billion )
  3. Global Hydraulic Brakes Market By Region, From 2018-2023 ( USD Billion )
  4. Global Hydraulic Clutch Market By Region, From 2018-2023 ( USD Billion )
  5. Global Hydraulic Suspension Market By Region, From 2018-2023 ( USD Billion )
  6. Global Hydraulic Tappets Market By Region, From 2018-2023 ( USD Billion )
  7. Global Automotive Hydraulics System Market By On-Highway Vehicles, From 2018-2023 ( USD Billion )
  8. Global Passenger Cars Market By Region, From 2018-2023 ( USD Billion )
  9. Global Light Commercial Vehicles Market By Region, From 2018-2023 ( USD Billion )
  10. Global Heavy Commercial Vehicles Market By Region, From 2018-2023 ( USD Billion )
  11. Global Automotive Hydraulics System Market By Off-Highway Vehicles, From 2018-2023 ( USD Billion )
  12. Global Construction Vehicles Market By Region, From 2018-2023 ( USD Billion )
  13. Global Agricultural Vehicles Market By Region, From 2018-2023 ( USD Billion )

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