USD 42.5 Billion
Automotive Hydraulics System Market Size, Share, and Growth Analysis
Automotive Hydraulics System Market By Component(Master Cylinder, Slave Cylinder, Reservoir, and Hose), By On-Highway Vehicles(Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By On-highway Vehicles(Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), By Off-Highway Vehicles(Agriculture Equipment, and Construction Equipment), By Application(Brakes, Clutch, Suspension, and Tappets), By Sales Channel(OEM, and Aftermarket), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2318 |
Region:
Global |
Published Date: November, 2024
Pages:
224
|Tables:
143
|Figures:
75
Format -
Automotive Hydraulics System Market Insights
Automotive Hydraulics System Market size was valued at USD 42.5 Billion in 2023 and is poised to grow from USD 44.07 Billion in 2024 to USD 58.18 Billion by 2032, growing at a CAGR of 3.7% during the forecast period (2025-2032).
The global automotive hydraulics system market growth is driven by one of the most significant factors including the increasing demand for commercial vehicles, mainly due to urbanization, economic growth, and the growing need for transport. The other significant trend changing the industry is the increase in electric-hydraulic hybrid systems. These integrate precision and efficiency of electric control with hydraulic power advantages. Electric actuators and hydraulic components can be combined for even more accurate control of system characteristics, leading to smoother operation and less energy usage. In variable force and motion applications such as adaptive suspension systems and sophisticated braking technologies, electric-hydraulic hybrids are of advantage.
A wide expansion of vehicle manufacturing, coupled with infrastructure development, opens fresh growth prospects in emerging countries for hydraulic systems producers. Automotive sales boom in regions such as the Asia-Pacific due to rapid expansion in economies and the resulting rising demand from customers to buy cars with superior performance and safety features. Other than increasing demand for hydraulic systems, this growth promotes local production and customization in satisfying regional needs. In that respect, market participants are putting themselves in a strategic position to take advantage of these possibilities as global automotive ecosystems change, which is encouraging innovation and market expansion in the global automotive hydraulics system market.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
OEM
Fastest Growth
Aftermarket
Growth Rate
3.7% CAGR
Global Automotive Hydraulics System Market ($ Bn)
Country Share for Asia-Pacific (%)
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Automotive Hydraulics System Market Segments Analysis
Global Automotive Hydraulics System Market is segmented by Component, On-Highway Vehicles, Off-Highway Vehicles, Application, Sales Channel, and region. Based on Component, the market is segmented into Master Cylinder, Slave Cylinder, Reservoir, and Hose. Based on On-Highway Vehicles, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on Off-Highway Vehicles, the market is segmented into Agriculture Equipment, and Construction Equipment. Based on Application, the market is segmented into Brakes, Clutch, Suspension, and Tappets. Based on Sales Channel, the market is segmented into OEM, and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Off-Highway Vehicles
As per the 2024 global automotive hydraulics system market analysis, the agriculture equipment accounted for the largest share of revenue. One of the major factors driving the segment's growth is the increasing demand for strong and efficient hydraulic systems that can handle the many and taxing responsibilities of modern farming. Hydraulic systems have been preferred for they can efficiently move large weights and operational equipment such as tractors, harvesters, and sprayers. Adjustable flow rates and adjustable pressure levels are factors given to farmers accuracy in operation to maximize performance, therefore, avoid wasting time yet increasing yield. One major benefit over conventional mechanical systems is the higher energy efficiency of hydraulic systems, which transfer power through pressurized fluid with less loss.
The construction equipment segment is expected to grow at a significant CAGR between 2025 and 2032. The main growth factor driving this segment derives from utilization of advanced hydraulic systems to improve the performance, durability, and efficacy of machines. Advanced hydraulic systems are integral construction- machine equipment components such as excavators, loaders, and bulldozers because they provide high-powered and accurate action necessary for material handling and heavy lifting and excavation. Strong hydraulic parts that survive demanding operating environments but also remain reliable and efficient in performance are something the industry is requiring now. Another thing developed with hydraulic technology is improvements in energy efficiency and reduction of operating cost, all crucial for a construction company wanting to make itself more sustainable and productive.
Analysis By Sales Channel
Based on the 2024 global automotive hydraulics system market forecast, the OEMs category captured the market share and accounted for 65.3% of the global revenue. OEMs emphasize the creation of small and light hydraulic parts that improve the performance of the vehicle and at the same time abide by strict regulations. The drive behind this trend is the goal of the automobile industry to achieve lower emissions and better fuel efficiency, forcing OEMs to develop hydraulic systems that maximize energy use and enhance overall vehicle dynamics. To improve reliability and help in addressing the issues regarding maintenance, OEMs incorporate technologies such as real-time diagnostics and predictive maintenance into hydraulic systems. It also diminishes operating costs and time that is lost.
The aftermarket category is expected to experience significant growth between 2025 and 2032. Aftermarkets are usually oriented towards low-priced hydraulic parts and systems, supplying them for various customer needs, from productivity through safety to the vehicle. Product customization and compatibility with different types of vehicles will be gaining importance, as such attributes ensure flexibility and ease of installation. In addition, access to aftermarket hydraulic products has become relatively easy due to innovation in the e-commerce websites and electronic marketing strategies which allow the customer to learn, evaluate, and order parts from the comfort of their computers.
Global Automotive Hydraulics System Market By Sales Channel
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Automotive Hydraulics System Market Regional Insights
In 2024, the Asia-Pacific automotive hydraulics system market made up about 33.16% of the total market. The strongest automotive production and rapidly increasing car production currently result in Asia-Pacific possessing the highest share of the brimming global market. These major production hubs have increased the demand for hydraulic systems in passenger and commercial vehicles in trade-heavy countries such as China, Japan, and India. Additional driver to the market is enhanced car sales in the nations attributed to the growth in urbanization and higher disposable incomes. Added advantage to the Asia Pacific region market's stronghold is the presence of big car manufacturers and continued investment in advanced automobile technology.
The automotive hydraulics system market in Europe is estimated to grow substantially between 2025 and 2032. Due to its stringent safety standards and strong focus on sophisticated automotive technology, Europe accounts for a significant share of the global market in the automotive hydraulics system industry. Major presence of global automobile manufacturing firms in Germany, France, and Italy, the large market potential for luxury and commercial vehicles attracts high-performance hydraulic systems to this region. Developing such sustainable, fuel-efficient, and hybrid technology within the region attracts the usage of lightweight energy-friendly hydraulic components. In Europe, the development of advanced hydraulic systems is also facilitated by government policies that support electric and hybrid cars.
Global Automotive Hydraulics System Market By Geography
- Largest
- Fastest
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Automotive Hydraulics System Market Dynamics
Automotive Hydraulics System Market Drivers
Increasing Demand for Advanced Cars
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Advanced and high-performance vehicles such as driverless vehicles and EVs have created a demand for complex automotive hydraulic systems. Hydraulics in automobiles is booming since these systems actively enhance control, stability, and safety through their applications in braking, suspension, and steering systems. Thus, it is the major driver behind the growth of the global market.
Increasing Focus on Car Comfort and Safety
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Automobile manufacturers increasingly make use of hydraulic systems to achieve better suspension, braking, and steering performance as demands from consumers are increasingly focusing on safer and more comfortable automobiles. Shock absorbers and power steering are two of the hydraulic components that make driving and vehicle handling far better, which in turn increases the demand for those systems in the industry.
Automotive Hydraulics System Market Restraints
Difficult Maintenance and Repair
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The requirement for specialized maintenance and servicing for automotive hydraulic systems may increase operating costs for manufacturers and owners of cars. The complexity of these systems, particularly in more sophisticated cars, may cause the shutdown time to be even longer and have greater expenses for maintenance. This may deter some producers and consumers from employing these systems, especially in the cost-sensitive market sectors.
Environmental Impact of Hydraulic Fluids
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Conventional hydraulic systems have fluids that are based on oil. In case of any leakage or spill, it is dangerous to the environment. Moreover, the disposal of these fluids gives rise to concerns about sustainability in the environment. Automotive manufacturers have pressure on them to build more environmentally friendly hydraulic systems because of the strict environmental restriction. It will increase prices and will take longer periods before using cleaner alternative technology.
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Automotive Hydraulics System Market Competitive Landscape
Major players in the global market invest in R&D programs to develop the latest hydraulic designs that enhance the performance, safety, and efficiency of vehicles since the automotive industry continues to change with demand. On the other hand, strategic alliances, mergers, or acquisitions are common as companies drive to enhance their technological know-how and market penetration. Competitiveness and innovation drivers in rapid business change include sustainability and electronic controls incorporated into the hydraulic systems.
Top Players in Automotive Hydraulics System Market
- Robert Bosch GmbH
- Continental AG
- ZF Friedrichshafen AG
- BorgWarner Inc.
- Eaton Corporation
- Aisin Seiki Co., Ltd.
- Dana Incorporated
- Magna International Inc.
- Knorr-Bremse AG
- Nexteer Automotive Group Ltd.
- Mando Corporation
- Hitachi Astemo, Ltd.
- Brembo S.p.A.
- Schaeffler AG
- Nissin Kogyo Co., Ltd.
- Hyundai Mobis Co., Ltd.
- FTE Automotive Group
- WABCO Holdings Inc.
- GKN Automotive
- Tenneco Inc.
Recent Developments
- ZF Aftermarket has added new parts for its SACHS Continuous Damping Control (CDC) shocks and TRW braking components as of December 2023, significantly expanding its US and Canadian product range. In response to the increasing demand for cutting-edge suspension and brake solutions in North America, the company is expanding its portfolio and availability.
- Danfoss Power Solutions introduced a set of innovative technologies and solutions to the agricultural equipment industry in November 2023, with the focus being on hydraulic systems, electrification, and autonomy. Such products include Dextreme Max, a new addition that employs the Danfoss Digital Displacement pump for maximum hydraulic performance with a particular focus on excavators and strengthens productivity in farm machinery for operation and efficiency.
- In the CONEXPO/CONAGG set in Las Vegas in March 2023, ZF Friedrichshafen AG rolled out the latest in brake-by-wire product, which belongs to a world leader in hydraulic and electrohydraulic braking systems that provides its customers in the heavy-duty off-highway, construction, mining, and agricultural markets with reliable and effective brake technology.
Automotive Hydraulics System Key Market Trends
- Smart Technology Integration: A new trend of this development is smart technology in automobile hydraulics. Predictive maintenance along with real-time monitoring is being implemented in designing the hydraulic systems, along with some advanced control mechanisms. So, these advancements placed smart hydraulic technology at the highest position for the future development of automobile hydraulics, because this ensures improvements of system performance, dependability, and efficiency.
- Transition to Electrification: Increasingly, the automobile industry is becoming more electrified, and thus a growing trend of electric and hybrid cars necessitates more advanced hydraulic systems. For instance, classic hydraulic steering systems are being replaced with electric power steering, which is becoming more and more common as automakers look to lower weight and increase energy economy without sacrificing vehicle performance or control.
Automotive Hydraulics System Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global automotive hydraulic systems market outlook is changing with rising demand for high-end cars which feature comfort and safety-enhanced automobile models. Hydraulic systems have become increasingly used in brakes, steering, and suspension systems because consumers require the high performance of economical automobiles. The development obstacles facing the market are due to the high production costs, environmental concerns, and difficulty associated with the maintenance process. Despite these limitations, innovations such as the inclusion of smart technology and the electrification trend are expected to energize innovation and transform the industry. With continuous technological advancements, the industry is still predicted to grow and offer quite a number of opportunities in both the old and electric car segments.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 42.5 Billion |
| Market size value in 2032 | USD 58.18 Billion |
| Growth Rate | 3.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Hydraulics System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Hydraulics System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Hydraulics System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Hydraulics System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Hydraulics System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Hydraulics System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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