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Automotive Electro-Hydraulic System Market Share

Report ID: GMI12010
Published Date: Oct 2024
Report Format: PDF

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Automotive Electro-Hydraulic System Market Share

Automotive Electro-Hydraulic System Market Company Share, 2023

Bosch, ZF, Continental, JTEKT, Schaeffler, Brembo, and Denso collectively held a significant market share of 64% in the market in 2023. Bosch maintains its competitive edge in the automotive electro-hydraulic system industry by continuously innovating electro-hydraulic power steering and braking systems. In June 2023, Bosch partnered with Arnold NextG to scale the production of steer-by-wire systems. This partnership reinforces Bosch's commitment to delivering advanced steering and braking technologies, positioning the company as a leader in precision control systems for electric and autonomous vehicles. Additionally, Bosch invests heavily in R&D to enhance system performance and maintain its market leadership.

Continental strengthens its position in the automotive electro-hydraulic system market by offering cutting-edge braking and steering solutions for electric and autonomous vehicles. The company emphasizes the development of highly efficient electro-hydraulic systems designed to meet stringent safety and performance standards. Continental's strength lies in its broad portfolio of electronic control units (ECUs) and integration of electro-hydraulics with Advanced Driver Assistance Systems (ADAS), positioning the company as a key supplier for automakers seeking innovative vehicle control systems for next-generation vehicles.

Automotive Electro-Hydraulic System Market Companies

Major players operating in the automotive electro-hydraulic system industry are:

Bosch
Continental
Denso
FTE Automotive
JTEKT
Nexteer Automotive
NSK
Schaeffler
WABCO
ZF

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market size for automotive electro-hydraulic system was valued at USD 9.5 billion in 2023 and is projected to reach USD 18.6 billion by 2032, driven by a CAGR of 7.9% from 2024 to 2032.

The passenger car segment held 62% of the market share in 2023, driven by the rising consumer demand for advanced driving technologies that improve safety and comfort.

China accounted for over 35% of the market share in the Asia Pacific region in 2023, driven by its leadership in electric vehicle production and adoption.

Major players in the industry include Bosch, Continental, Denso, FTE Automotive, JTEKT, Nexteer Automotive, NSK, Schaeffler, WABCO, and ZF.