Dublin, Jan. 03, 2025 (GLOBE NEWSWIRE) -- The "Automotive Hydraulic System Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering.
In an era defined by technological advancements, the automotive hydraulic system market is experiencing substantial growth, predicted to expand at a CAGR of 6.57% from 2024 to 2029. This system is fundamental to the automotive sector with applications in steering, brakes, and active suspension. The drive for this expansion is partly due to increasing technological integration aimed at elevating vehicle performance and addressing safety and efficiency.
A substantial increase in vehicle production, particularly in the Asia Pacific region, underscores the heightened demand for advanced automotive technology. This surge reflects the industry's commitment to innovation and continuous improvement in hydraulic systems that cater to increasing safety measures and performance standards.
Geographical Expansion and Market Insights
Asia Pacific leads the charge in market growth with significant production increases in key countries like China, Japan, India, and South Korea. Accelerating production capacities and the prioritization of vehicle safety and performance have facilitated the region's dominance in the global market.
Likewise, North America is witnessing growth supported by the development of hydraulic component manufacturing within the United States and Mexico. Europe maintains steady expansion with an equal focus on safety regulations and technological advancements.
Enterprise Utilization
Enterprises across the globe, from startups to large corporations, use these insights to inform strategic decisions ranging from market entry and geographical expansion to product development and investment planning. Insights derived from market trends, customer behavior, and competitive strategies enable businesses to competitively navigate the evolving automotive landscape.
The anticipated growth of the automotive hydraulic systems market remains integral to advancements in vehicle safety and efficiency. As industry leaders continue to innovate and align with strategic partners, the market prospects are expected to flourish, signaling a robust future for automotive technology.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $35.93 billion |
| Forecasted Market Value (USD) by 2029 | $49.38 billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Some of the key companies profiled in this Automotive Hydraulic System Market report include:
- FTE Automotive
- ZF Friedrichshafen AG
- Hitachi Astemo Americas, Inc.
- Robert Bosch GmBH
- Continental AG
- BorgWarner Inc.
- JTEKT ENGINEERING
- NEXTEER AUTOMOTIVE
- GKN Automotive Limited
- MZW Motor
- Scheller Automotive
- AISIN CORPORATION
For more information about this report visit https://www.researchandmarkets.com/r/k8nnxb
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