Dublin, March 05, 2018 (GLOBE NEWSWIRE) -- The "Automotive Hydraulics System Market by Application (Brake, Clutch, Suspension & Tappet), OE Component (Master Cylinder, Slave Cylinder, Reservoir), Aftermarket Component, On-Highway Vehicle, Off-Highway Vehicle & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Hydraulics System Market is Projected to Grow at a CAGR of 6.04% from USD 32.13 Billion in 2017 to Reach USD 51.37 Billion By 2025.
Increasing sales of on-highway vehicles and infrastructural development in emerging economies and increasing sales of off-highway vehicles to boost the demand for automotive hydraulics system are driving factors for the automotive hydraulics system market. Whereas, replacement of hydraulic applications with the full electrical system is a restraining factor for automotive hydraulics system market.
The advent of technological advancement in vehicle braking and suspension system and the advanced electro-hydraulic system is creating opportunities for the automotive hydraulics system in upcoming years. On the other hand, factors such as user concerns regarding reduced noise, increasing uptime and reliability of hydraulic system and contamination of hydraulic fluids are creating challenges for automotive hydraulics system market in future years.
Hydraulic brakes market is estimated to hold the largest market share of the global automotive hydraulics system in 2017. The segment is estimated to grow at a significant CAGR and is expected to remain the largest market during the forecast period. The growth of this segment is driven by government regulations regarding advanced braking technologies like anti-lock braking system (ABS) in emerging economies like India and China.
The Asia Pacific region is estimated to hold the largest share of global automotive hydraulics system in the year 2017. The segment is estimated to grow with the highest CAGR in the forecast period. The expansion of infrastructure development industry and increase in vehicle sales are expected to fuel automotive hydraulics system market in Asia Pacific region.
Major players profiled in the report are:
- Aisin Seiki (Japan)
- Bosch (Germany)
- ZF (Germany)
- BorgWarner (US)
- JTEKT (Japan)
- Continental (Germany)
- Schaeffler (Germany)
- Wabco Holdings (US)
- GKN (UK)
- FTE Automotive (Germany)
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Hydraulics System Market, By Application
7 Automotive Hydraulics System Market, By Component
8 Automotive Hydraulics System Market for On- Highway Vehicles, By Type
9 Automotive Hydraulics System Market for Off-Highway Vehicles, By Type
10 Automotive Hydraulics System Aftermarket, By Component
11 Automotive Hydraulics System Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/t3dt9x/50_billion?w=12