How Will the Automotive Hydraulics System Market Progress Over the Forecast Period?
The automotive hydraulics system market has seen substantial growth in recent years, rising from $43.39 billion in 2024 to $46.72 billion in 2025 at a robust compound annual growth rate (CAGR) of 7.7%. This growth during the historic period is primarily attributed to power steering adoption, demand for heavy commercial vehicles, safety regulations, and the use of such systems in construction, mining, and material handling equipment.
Further growth is expected in the forecast period, with the market predicted to reach $64.73 billion in 2029, recording a CAGR of 8.5%. This growth is driven by electrification and hybridization, the use of lightweight materials, advancements in driver assistance systems (ADAS), growth of the construction industry, precision agriculture, and the implementation of condition monitoring and predictive maintenance. Important trends impacting the market include electro-hydraulic systems, energy-efficient hydraulic systems, intelligent hydraulic control, hydraulic hybrid vehicles, modular and scalable designs, and eco-friendly hydraulic fluids.
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What is Driving the Growth of the Automotive Hydraulics System Market?
Rising vehicle production is set to propel the automotive hydraulics system market’s growth. Hydraulic systems, being more energy efficient than their electric counterparts, assist in reducing steering effort and are widely used in vehicles used for transportation of people and goods. For instance, the India-based export promotion agency, India Brand Equity Foundation (IBEF), predicts that 22.93 million vehicles will be produced in India by 2022, indicating a significant upswing in the sector that will contribute to the growth of the automotive hydraulics system market.
Which are the Major Segments in the Automotive Hydraulics System Market?
1) By Component: Master Cylinder, Slave Cylinder, Reservoir, Hose
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Application: Brake, Clutch, Suspension, Tappet
4) By End User: Original Equipment Manufacturer (OEM), Aftermarket
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Who are the Major Players Operating in the Automotive Hydraulics System Market?
Key companies operating in the automotive hydraulics system market include JTEKT Corporation, ZF Friedrichshafen AG, Toyota Motor Corporation, Aisin Corporation, Schaeffler Technologies AG & Co. KG, BorgWarner Inc., Robert Bosch GmbH, GKN Ltd., Fte Automotive GmbH, Continental Hydraulics Inc., and others.
What are the Emerging Trends in the Automotive Hydraulics System Market?
Product innovations are significantly shaping the automotive hydraulics system market. Major players in this sector are focusing on developing new products for market growth. For instance, Danfoss, a Denmark-based manufacturing company, launched the Winner Hydraulic Hoses in October 2023. These hoses offer a comprehensive range of solutions that meet standard performance requirements at competitive prices.
Which Regions are the Fastest Growing in the Automotive Hydraulics System Market?
Asia-Pacific was the largest region in the automotive hydraulics system market in 2024 and is expected to be the fastest-growing region in the forecast period.
What Does The Automotive Hydraulics System Market Report 2025 Offer?
Automotive hydraulic systems are power transmission systems that transmit energy or signals through the static or dynamic forces of liquids. These systems are more accurate than traditional mechanical drive systems and use fluids to transfer energy between two points due to the pressure difference. They can store and release energy more efficiently than batteries. The Automotive Hydraulics System Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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