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The automotive hydraulics system market has seen consistent growth in the last few decades. The automobile industry today is consumer driven. In earlier times, the manufacturers were few and consumers were large in number. This made the automotive industry almost entirely producer driven. Consumers were more than happy and eager to adopt whatever automobile and technology came there way. With the growth in the number of automotive manufacturers, the competition in the field became intense. This resulted in the consumers being served with diverse options, making the market situation reverse. The automakers were now more interested in offering vehicles, which would stand out in the competition. This could only be achieved by providing technically and aesthetically appealing automobiles at an affordable price. The hydraulic system brought in a kind of a revolution wherein the same functionality/resultant output could be obtained using lesser components.
On the basis of application, the most commonly used is the hydraulic braking system. The precision and longevity of the braking system increases exponentially by using the hydraulic system. The clutch and suspension system are other areas which help in cost reduction and improvement in efficiency if fitted with hydraulic system. On the basis of components, the most widely used type is the slave cylinder. The slave cylinder is used in different and varied applications, such as clutch & gear technology and braking system, making it an attractive and cost-effective proposition. On the basis of end market, the OEM and after market both have equal scope for growth. The hydraulic system is preferred by a lot of manufacturers due to savings in cost and increased efficiency. Additionally, many consumers want latest offerings in the system to have an enhanced experience of safety features. These and other demands can be provided at an affordable cost using the hydraulic system.
Passenger vehicles are expected to dominate the Global Automotive Hydraulics System Market by vehicle type segment during the forecast period
On the basis of vehicle type, passenger vehicles are expected to drive the growth of the automotive hydraulics system market. The global automotive market has seen consistent growth for many decades. With increased purchasing power of the people over the world, consumers prefer personal vehicle over public transport. With increase in number of sales, automobile manufacturers are presented with a greater opportunity for mass production and cost reduction. This can only be achieved using a cost-effective and reliable system, i.e. the hydraulic system. The passenger cars today are equipped with the latest high-end features. People over the world prefer traveling in their private cars over long distances for work and leisure activities. With advanced high-end feature equipped vehicles, consumers are bound to ride at higher speed for a sustained time. This can only be achieved using a reliable technology, which doesn’t break down easily and requires little or no maintenance.
The key players in the automotive hydraulics system market are JTEKT Corporation (Japan), ZF Friedrichshafen AG (Germany), WABCO Holdings, Inc. (U.S.), Aisin Seiki Co., Ltd. (Japan), Schaeffler Technologies AG & Co. KG (Germany), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), GKN plc (U.K.), FTE automotive Group (Germany), and Continental AG (Germany), among others.
This research report provides insights, into various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global automotive connecting rod market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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