Market Size of France Automotive Hydraulic Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Automotive Hydraulic Actuators Market Analysis
The France Automotive Hydraulic Actuators Market is expected to register a CAGR of 8.6% during the forecast period, 2020-2025.
The market for automotive hydraulic actuators is primarily driven by increased demand for mobility, safety, and higher force in heavy-duty vehicles. Also, growing demand for comfort, especially in passenger vehicles, drives the growth of the automotive hydraulic actuators market.
Although, in 2019, the growth of passenger vehicle sales has reduced, also initial investment, maintenance, and leakage are some of the concerns with hydraulic actuators. Hydraulic oil can leak, which can lead to serious contaminant and is difficult to clean. However, with proper maintenance, the risk of hydraulic leakage is significantly reduced.
As a result, OEMs are still making hydraulic actuators one of the main areas of focus to improve heavy-duty vehicle's safety and comfort. For instance, truck lifts heavy load to deposit tons of sand at construction sites. A hydraulic motor also helps steer the wheels changing direction with the flow of oil controlled with the steering wheel.
