Automotive Hydraulics System Market by Application (Brake, Clutch, Suspension & Tappet), OE Component (Master Cylinder, Slave Cylinder, Reservoir & Hose), Aftermarket Component, On-Highway Vehicle, Off-Highway Vehicle, and Region - Global Forecast to 2025
Northbrook, IL -- (SBWIRE) -- 12/11/2018 -- The controlled movement of parts or a controlled application of force is a common requirement in a vehicle. These operations are performed mainly by using electrical machines or diesel and petrol engines as a prime mover. Enclosed fluids (liquids and gases) can also be used as prime movers to provide controlled motion and force to objects or substances that provide both linear as well as rotary motion. In an automotive hydraulics system, which is based on Pascal's law, a high-magnitude controlled force can also be applied. The major advantage of using an automotive hydraulics system is that a large force can be generated with a smaller force input. Automotive hydraulics is a system that uses enclosed fluids to convey energy from one location to another, and produces rotary or linear motion or applies a force required in performing operations in a vehicle.
Get Detail Insight @ https://www.marketsandmarkets.com/Market-Reports/automotive-hydraulics-system-market-116790631.html
Hydraulic systems find wide applications in both on-highway and off-highway vehicles around the globe. The hydraulics system in an on-highway vehicle includes hydraulic brakes, clutches, and suspension, among others; whereas, in off-highway vehicles, the system includes quick attachment, throttle control, hood lift, and spool valve control, among others. These systems are used in on-highway as well as off-highway vehicles owing to various advantages (over another prime mover systems), such as they are easy to control and offer greater accuracy of operation. A fluid power system (without using cumbersome gears, pulleys, and levers) can multiply forces simply and efficiently from a fraction of a pound to several hundred tons of output. Also, only fluid power systems can provide a constant torque or force regardless of speed changes. In general, hydraulic systems use fewer moving parts in comparison with mechanical and electrical systems. Thus, they are simpler and easier to maintain. However, the heat generated by repetitive hydraulic operations can harm the vehicle. This is a major factor restraining the growth of the automotive hydraulics system market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=116790631
According to the Construction Industry Development Council (CIDC), India is witnessing significant interest from international investors in the infrastructure space. For instance, GVK Power & Infrastructure Limited won the bid to develop Mumbai's second airport in Navi Mumbai (India) for ~USD 2.39 billion. Also, the Road Transport & Highways Ministry has invested around USD 47.7 billion, while the Shipping Ministry has invested around USD 12.0 billion in the last two and a half years for building world-class highways and shipping infrastructure in the country. Such large investments in infrastructure development are expected to drive the demand for construction vehicles in the country. In addition, the mining industry, which is another major end-use industry for construction vehicles, is witnessing significant developments in countries such as India and China. The national growth trajectories in automotive and construction are expected to positively impact the construction vehicle market and, in turn, drive the demand for automotive hydraulic systems during the forecast period.
- Increasing sales of off-highway vehicles
- Increasing vehicle production
- Replacemet of hydraulic applications with fully electrical systems
- High maintenance cost of hydraulics system
- Technological advancements in vehicle braking and suspension systems
- Increasing application scope of electro-hydraulic systems
- User concerns regarding the noise, uptime, and reliability of hydraulic systems
- Contamination of hydraulic fluids.
The global automotive hydraulics system market is estimated to be USD 32.13 Billion in 2017 and is projected to grow at a CAGR of 6.04% to reach USD 51.37 Billion by the end of 2025. Some of the major drivers identified are the increasing sales of off-highway vehicles and increasing vehicle production. Some of the major players in the global automotive hydraulics system market are Aisin Seiki (Japan), Bosch (Germany), ZF (Germany), BorgWarner (US) and JTEKT (Japan).
To Know More Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=116790631