DUBLIN--(BUSINESS WIRE)--The "Automotive Hydraulics System - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Hydraulics System Market is accounted for $32.08 billion in 2017 and is expected to reach $59.99 billion by 2026 growing at a CAGR of 7.2% during the forecast period.
Rising sales of off-highway vehicles, growing investment in construction activities in emerging economies and stringent emission norms for automobiles are driving the market growth. Innovations in electro-hydraulic automotive applications can create new revenue generation opportunities for automotive hydraulics system manufacturers. However, replacements of hydraulic system with the full electrical system and high service cost are the factors restraining the market growth.
By application, hydraulic brakes segment is estimated to hold the largest market share during the forecast period. The growth can be attributed by government regulations regarding advanced braking technologies like anti-lock braking system (ABS) in emerging economies like India and China.
By component, the slave cylinder segment is expected to grow at the highest CAGR during the forecast period due to rise in production of automobiles.
Asia Pacific is anticipated to be the largest market during the forecast period due to improving road conditions, infrastructure development and supporting government regulations regarding vehicle's active and passive safety.
Companies Mentioned
- FTE Automotive
- Jtekt
- ZF Friedrichshafen
- Schaeffler
- Bosch
- Wabco
- Continental
- GKN
- Borgwarner
- Aisin Seiki
- Robert Bosch GmbH
- Valeo
Key Topics Covered
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Hydraulics System Market, By Component
6 Global Automotive Hydraulics System Market, By On-Highway Vehicles Type
7 Global Automotive Hydraulics System Market, By Off-Highway Vehicles Type
8 Global Automotive Hydraulics System Market, By Application
9 Global Automotive Hydraulics System Market, By Channel Type
10 Global Automotive Hydraulics System Market, By Geography
11 Key Developments
12 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/nt486m/global_automotive?w=4
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Related Topics: Suspension Systems and Components