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Automotive Hydraulics System Market Trends

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

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Automotive Hydraulics System Market Trends

There is a growing focus on developing advanced hydraulic fluids that offer improved performance and environmental benefits. Manufacturers are increasingly adopting fluids with better thermal stability, reduced viscosity, and enhanced lubrication properties. Furthermore, there is a shift towards environmentally friendly and biodegradable hydraulic fluids, driven by stringent regulations and a commitment to sustainability in the automotive industry.

For instance, in February 2024, Castrol introduced Transaqua™ SP-HC, a novel hydraulic control fluid specifically designed for subsea production systems. Part of the Transaqua family, this fluid meets the precise needs of direct hydraulic control systems and electro-hydraulic multiplex (EH-Mux) systems, demonstrating exceptional performance in high-pressure environments.

Moreover, global safety and emission regulations are increasingly stringent, thus propelling the evolution of advanced hydraulic systems. Manufacturers are prioritizing the development of hydraulic components that bolster vehicle safety such as enhanced braking and suspension systems while simultaneously adhering to tighter emissions standards. This regulatory impetus is not just a challenge but a catalyst, spurring rapid innovation and the seamless integration of hydraulic technologies to meet these demanding benchmarks.

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.