Pune, India -- (SBWIRE) -- 07/09/2018 -- Market Highlights:
The automotive industry, for the longest time, has relied on the age-old and reliable mechanical system for driving a vehicle forward. The fuel which actually drives the engine is either the cleaner variety i.e. petrol or the more crude form of the two i.e. diesel. The combustion of this fuel in engine after ignition produces a large amount of power and by-products. About two-thirds of the heat produced is given away in the atmosphere as waste heat and only one-third of the heat is actually usable. This heat energy drives the cam shaft of the engine, thus, giving drive/thrust to wheels, causing motion of the vehicle. This traditional mechanical system has a number of drawbacks, such as loss of power, less efficiency, and more wear and tear with time due to friction, causing a decrease in the output. This basic shortcoming of mechanical system causes the same problems in other areas of the vehicle operation, such as suspension system, brake system, and clutch & gear system.
This is where the hydraulic system is superior to the traditional mechanical drive system. The hydraulic system uses pressure difference between two points to transfer the energy or drive, unlike the mechanical system that uses actual interlocking between two or more components. The hydraulic system can be used for a number of applications and due to the usage of a fluid-like substance, the transfer of energy is precise with little effort required on the part of the components or the operator. The hydraulic system requires little or no maintenance and remains in perfect functioning condition for a long time, thus, proving to be more cost-effective.
Get Sample Report of Automotive Hydraulics System Market@ https://www.marketresearchfuture.com/sample_request/5737
On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. The North America region (consisting of the U.S. and Canada) is a large market for passenger and commercial automobiles for many decades. The sales of automobiles have gone up in the recent times, owing to the increasing population, migration, and preference for personal vehicle over the public transport system. Automotive hydraulic systems are relatively cheaper to manufacture compared to the costlier pneumatic systems. Additionally, they offer precise functional control, creating a strong growth prospect for this system in the near future in this region. The Asia Pacific region is predicted to be the next automotive hub in the world. Due to one-third of the world's population residing in this region and availability of cheap labor, this region will show exponential growth. The Europe market is known to manufacture some of the most high-end and reliable automobiles, which can be possible more precisely, using the automotive hydraulic system.
Scope of the Report
This study provides an overview of the Global Automotive Hydraulics System Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive hydraulics system market by its Application, Component, End Market, Vehicle Type and Region.
By Application
Tappet, Brake
Clutch
Suspension
By Component
Reservoir
Hose
Master Cylinder
Slave Cylinder
By End Market
OEM
After Market
By Vehicle Types
Passenger Vehicles
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
By Region
North America
Europe
Asia Pacific
Rest of the World
Key Players
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.
Get Full Report of Automotive Hydraulics System Market@ https://www.marketresearchfuture.com/reports/automotive-hydraulics-system-market-5737
…….Continued
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 the prime objective to provide optimum quality market research and intelligence services to our clients. Our market research studies depending on products, services, technologies, applications, end users, and market players for global, regional, and country level market segments enables our clients to know more consequently do more, which gives them answer for their each and every important question. In order to stay updated with technology and work process of the industry