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Automotive Hydraulics System Market Share

Report ID: GMI10751
Published Date: Aug 2024
Report Format: PDF

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Automotive Hydraulics System Market Share

Bosch, Continental AG, and Hitachi Automotive Systems, Ltd. hold a significant market share of 13% in 2023. Bosch and Continental AG are key players, competing in advanced hydraulic system integration within vehicles. Both companies leverage their expertise in automotive technology to develop high-performance hydraulic components that enhance safety and efficiency. Their strong focus on innovation and collaboration with OEMs positions them as leaders in providing cutting-edge solutions for modern vehicles.

Hitachi Automotive Systems emphasizes technological innovation in its hydraulic offerings, particularly in electric and hybrid vehicles. The company’s commitment to R&D enables it to develop advanced, energy-efficient hydraulic components that meet the evolving demands of the automotive industry. Hitachi's focus on sustainability and precision engineering helps it maintain a competitive edge against global rivals.

Automotive Hydraulics System Market Companies

Major players operating in the automotive hydraulics system industry are:

Bosch
Continental AG
ZF Friedrichshafen AG
Aisin Seiki Co., Ltd.
Brembo S.p.A.
Hitachi Automotive Systems, Ltd.
JTEKT Corporation

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive hydraulics system reached USD 36.6 billion in 2023 and is set to register over 5% CAGR from 2024 to 2032, owing to the increasing adoption of advanced safety features in vehicles worldwide.

Automotive hydraulics system industry from the passenger vehicles segment held over 56% share in 2023, due to these vehicles increasingly prioritizing enhanced driving comfort and safety.

Asia Pacific market accounted for 34% share in 2023, attributed to rapid urbanization and expanding middle class, leading to demand for passenger vehicles with automotive hydraulics in the region.

Bosch, Continental AG, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., Brembo S.p.A., Hitachi Automotive Systems, Ltd., and JTEKT Corporation, are some of the major automotive hydraulics system companies worldwide.