Enjoy complimentary customisation on priority with our Enterprise License!
The automotive hydraulics system market size is forecast to increase by USD 5.45 billion at a CAGR of 2.8% between 2023 and 2028. The market is experiencing significant growth due to several key trends. The increasing emphasis on advanced hydraulic equipment, such as smart hydraulic systems, is driving market expansion. Additionally, the electrification of mechanical components is gaining traction, leading to the development of more efficient hydraulic pumps and motors. However, the high manufacturing and maintenance costs associated with hydraulic components and equipment pose a challenge to market growth. In the waste management industry, hydraulic systems are crucial for rubbish compactors and concrete pumping applications. Similarly, in agriculture, hydraulic systems design plays a vital role in the operation of agricultural machinery. Motion pictures also utilize hydraulic equipment for various effects.
Furthermore, to remain competitive, market players must focus on designing cost-effective and reliable hydraulic systems that can handle high hydraulic pressure and facilitate fluid movement efficiently. In the energy sector, hydraulics are utilized in oil and gas exploration and production. In the aerospace industry, hydraulic systems are essential for aircraft control systems and landing gear.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.