PUNE, India, February 23, 2018 /PRNewswire/ --
The report "Automotive Hydraulics System
Market by Application (Brake, Clutch, Suspension &
Tappet), OE Component (Master Cylinder, Slave Cylinder, Reservoir
& Hose), Aftermarket Component, On-Highway Vehicle, Off-Highway
Vehicle, and Region - Global Forecast to 2025", published by
MarketsandMarkets™, the market is projected to grow at a CAGR of
6.04% during the forecast period, to reach USD 51.37 Billion by 2025 from an estimated
USD 32.13 Billion in 2017.
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Browse 81 tables and 45 figures spread through
130 pages and in-depth TOC on "Automotive
Hydraulics System Market- Global Forecast to
2025"
https://www.marketsandmarkets.com/Market-Reports/automotive-hydraulics-system-market-116790631.html
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The combination of higher disposable income and increasing
awareness of active as well as the passive safety of a vehicle
among vehicle users, increase in vehicle sales and infrastructural
development in developing economies are driving the market for
Automotive Hydraulics System Market. A key driver for the
increase in vehicle sales in recent years is the changing taste of
vehicle types and lifestyle of the young population.
Infrastructural development in developing economies is forcing
construction companies to use construction vehicles equipped with
advanced prime mover technologies. Whereas, modern agricultural
vehicles are used extensively by farmers in countries like
China, India, Japan,
South Africa. All these factors
are driving the market for Automotive Hydraulics System Market.
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Asia Pacific: Largest market
for Automotive Hydraulics System
The Asia Pacific is projected
to be the largest market for Automotive Hydraulics System Market
from 2017 to 2025. The market growth in the region can be
attributed to numerous factors such as improving road
infrastructure, infrastructural development, and government
regulations regarding vehicle's active and passive safety.
Hydraulic brake is estimated to hold the largest market share
during the forecast period
The market size for hydraulic brake in Automotive Hydraulics
System Market is estimated to be the highest in 2017 and is
projected to remain predominant during the forecast period. The
market share of hydraulic brakes automotive hydraulics systems is
estimated to be the highest followed by hydraulic tappets,
hydraulic suspension, and hydraulic clutch. Developing countries
such as China and India have witnessed significant sales in a
modern vehicle and economic growth, which in turn, is increasing
the demand for hydraulic brake in automotive hydraulics
systems.
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Slave cylinder segment for Automotive Hydraulics System
Market is estimated to be the largest segment by component
from 2017 to 2025
The market size for automotive hydraulics systems with Slave
cylinder is expected to be the largest, as slave cylinder finds
great application in automotive hydraulics systems such as brake
and clutch. The market size of this segment is estimated to remain
predominant during the forecast period. One of the major factor
driving the growth of the slave cylinder segment is increasing
production of passenger and commercial vehicles.
The Automotive Hydraulics System Market is dominated by a few
globally established players, such as Aisin Seiki (Japan), Robert
Bosch (Germany), ZF
(Germany), BorgWarner (US), JTEKT
(Japan).
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