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Automotive Hydraulic Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Hydraulic Systems Market is segmented by Application (Brakes, Clutch, Suspension, and Other Appilcations), Component (Master Cylinder, Slave Cylinder, Reservoir, and Hose), End User (OEM and Aftermarket), Vehicle Type (Passenger Cars and Commercial Vehicles) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

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Market Snapshot

automotive hydraulic system market_overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >5 %

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Market Overview

The automotive hydraulic systems market is expected to register a CAGR of over 5%, during the forecast period (2020 - 2025).

The low cost at which hydraulic systems can be fit into vehicles is a major advantage and has proven to be one of the most important factors in driving the market. Hydraulic systems can store and discharge energy more efficiently than electric batteries. Vehicles that require a lot of power are finding hydraulic hybrid drives to be more efficient than electric drives. The most common use of the hydraulic systems in an automobile is power steering, shock absorbers, and brakes.

With the increase in activities of logistics, due to the expansion of the industrial sector in the emerging markets, and the tourism sector, the demand for commercial vehicles is expected to increase, which, in turn, is likely to increase the demand for hydraulic systems.

Scope of the report

The automotive hydraulic systems market report is segmented by application (brakes, clutch, suspension, and other applications), component (master cylinder, slave cylinder, reservoir, and hose), end user (OEM and aftermarket), vehicle type (passenger cars and commercial vehicles), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

By Application
Brakes
Clutch
Suspension
Other Applications
By Component
Master Cylinder
Slave Cylinder
Reservoir
Hose
By End User
OEM
Aftermarket
By Vehicle Type
Passenger Cars
Commercial Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand for Commercial Vehicle is Expected to Drive the Market

  • In the global automotive hydraulics systems market, commercial vehicles is expected to dominate the market.
  • The increasing number of construction and e-commerce activities, due to the expansion of the industrial sector across the world, resulted in demand for material transportation, which, in turn, increased the sales of commercial vehicles. This is likely to drive the automotive hydraulic systems market.
  • Commercial vehicles are continuously subjected to heavy loads for long distances, throughout the year. This requires the vehicle to be equipped with systems, which are able to withstand heavy loads, without compromising fuel economy and power output.
  • Hydraulic systems are simple, safe, and economic because they have fewer moving parts as compared to electric systems. This provides hydraulic systems an edge over electric systems and passenger vehicles are expected to be subjected to electrification in the near future. Commercial vehicles are anticipated to use hydraulic systems, which may enable them to occupy a significant market share for hydraulic systems, during the forecast period.
automotive hydraulics system market_segment

Asia-Pacific is Expected to Witness Highest CAGR

  • In the market studied, the growth of the Asia-Pacific region is expected to be more, during the forecast period. China is the biggest automotive market in the world. The growing Chinese economy and the growing disposable incomes of people in the country have increased the demand for vehicles in the country. 
  • Additionally, the low production costs in China have favored the growth of vehicle manufacturing in China. In China, the sales of commercial vehicles have grown, from 4.1 million in 2017 to 4.3 million in 2018. Electrification in the Asia-Pacific region witnessed a high penetration rate, due to the presence of China and Japan, as China is the leading market for electric vehicles and most of the automakers advancing in electric vehicle technology are from Japan. Sales of electric vehicles in China has seen huge growth as compared to other countries in Asia-Pacific.
  • North America has also witnessed a high growth in sales of commercial vehicles. The sales of commercial vehicles in 2017 were 11.4 million, which increased to 12.3 million units. Thus, giving a boost to the automotive hydraulic systems market.
automotive hydraulic system market_geography

Competitive Landscape

  • Major players in the automotive hydraulic systems market are Robert Bosch GmbH, Aisin Seiki Co. Ltd, ZF Group, and Continental AG, among others. The global automotive hydraulic systems market is driven mainly by innovations. Major companies are investing heavily in the R&D and are continuously launching new products. 
  • For instance, ZF Group launched integrated brake control (IBC), which is a non-vacuum, integrated electro-hydraulic brake apply control unit that can replace the electronic stability control, vacuum booster, and vacuum pump, as associated cables, sensors, switches, and controllers. It offers regenerative braking in a single, integrated unit and covers fuel-efficient power trains, without the need for supplement vacuum pumps. According to the company, the production of IBC started in 2018.
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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Brakes

      2. 5.1.2 Clutch

      3. 5.1.3 Suspension

      4. 5.1.4 Other Applications

    2. 5.2 By Component

      1. 5.2.1 Master Cylinder

      2. 5.2.2 Slave Cylinder

      3. 5.2.3 Reservoir

      4. 5.2.4 Hose

    3. 5.3 By End User

      1. 5.3.1 OEM

      2. 5.3.2 Aftermarket

    4. 5.4 By Vehicle Type

      1. 5.4.1 Passenger Cars

      2. 5.4.2 Commercial Vehicles

        1. 5.4.2.1 Light Commercial Vehicles

        2. 5.4.2.2 Heavy Commercial Vehicles

    5. 5.5 By Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Spain

        5. 5.5.2.5 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 India

        2. 5.5.3.2 China

        3. 5.5.3.3 Japan

        4. 5.5.3.4 South Korea

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle-East and Africa

        1. 5.5.5.1 United Arab Emirates

        2. 5.5.5.2 Saudi Arabia

        3. 5.5.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Aisin Seiki Co. Ltd

      2. 6.2.2 Robert Bosch GmbH

      3. 6.2.3 ZF Group

      4. 6.2.4 Warner Electric LLC

      5. 6.2.5 Continental AG

      6. 6.2.6 Schaeffler Group

      7. 6.2.7 WABCO

      8. 6.2.8 GKN PLC

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Hydraulic Systems Market market is studied from 2018 - 2026.

The Automotive Hydraulic Systems Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Robert Bosch GmbH, Aisin Seiki Co. Ltd, ZF Group, Warner Electric LLC, WABCO are the major companies operating in Automotive Hydraulic Systems Market.

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