Automotive Hydraulics System Industry

1. Summary Automotive Hydraulics System Industry Information by Application (Tappet, Brake, Clutch, and Suspension), Component (Reservoir, Hose, Master Cylinder, and Slave Cylinder), End Market (OEM and After Market), Vehicle Type (Passenger, LCV, HCV), Region. Market Overview The Automotive Hydraulics System Industry 2020 can presumably achieve a decent CAGR of close to 6% between 2017 and 2023 (appraisal period), says Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, offering all the key developments that can affect the market post the coronavirus disease outbreak. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5737 Technological advancements and new product launches seem to some of the top favored growth strategies that the leading players are employing to maintain their market position post the novel coronavirus crisis. To cite a reference, in June 2020, Nissan has reengineered its Rogue model by adding new features, which includes an Intelligent All-Wheel Drive system that has an advanced electro-hydraulic controlled clutch that can manage the torque more quickly and effectively by foreseeing any front wheel slippage. This provides a more responsive torque distribution at the car’s rear. Renowned Industry Competitors Some of the renowned industry competitors include Continental AG (Germany), Robert Bosch GmbH (Germany), JTEKT Corporation (Japan), GKN PLC (U.K.), WABCO Holdings, Inc. (U.S.), Aisin Seiki Co. Ltd. (Japan), ZF Friedrichshafen AG (Germany), Schaeffler Technologies AG & Co. KG (Germany), BorgWarner Inc. (US), FTE automotive Group (Germany), to list a few. Latest Developments July 2020 Hyundai has added the iMT/ intelligent Manual Transmission technology in its Hyundai VENUE, which the first connected SUV every launched in India. The iMT technology has a transmission gear shift lever with an advanced hydraulic actuator, transmission control unit as well as intention sensor that facilitate a smoother driving experience. Market Segmentation The Automotive Hydraulics System Industry can be considered with respect to application, component, end market and vehicle type. The applications include clutch, suspension, brake and tappet.

2. Component-based categories are hose, reservoir, slave cylinder as well as master cylinder. The use of hydraulic systems is more extensive in slave cylinder compared to other segments, on account of the diverse applications of this type of cylinder, including gear mechanism and clutch. The End market-based segments can be OEM/original equipment manufacturers along with after- market. Both the segments have equal growth scope, given the increasing worldwide automobile production and the innovations in the after-sales service technology. Vehicle types considered in the market study include LCV/light commercial vehicles, passenger and HCV/heavy commercial vehicles. Regional Insight Asia Pacific/APAC, North America, Europe, as well as RoW/Rest of the World are the key markets for automotive hydraulic systems. North America, with Canada and the U.S. at the forefront, is the highest gainer in the global market. The region boasts of a highly lucrative automotive market in the world, with most of the population preferring personal vehicles for daily commutes. Given the high demand for different automobile models and the cheap cost of vehicle production on a large scale, it can be assumed that hydraulic systems will note an even higher demand in the coming years. APAC is another strong contender in the global market, thanks the consistent growth in the infrastructure, improvement in road conditions, and supportive government policies. The mounting awareness level regarding the passive and active safety aspect in vehicles among consumers and the increasing advancements in automotive electro-hydraulic systems can do wonders for the regional market during the given period. Europe is known for its large-scale of high-end cars that have advanced hydraulic systems, which works in favor of the regional market. In general, the sale of various automobiles in the region has shot up in recent years on account of the expanding population, rising rate of migration, and the growing need for personal vehicles instead of public transport. These can be some of the prime growth boosters in the European market. Access Full Report @ https://www.marketresearchfuture.com/reports/automotive-hydraulics-system-market-5737 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous- Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players

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