DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Global Automotive Hydraulic Systems Market - Segmented by Application, Component, End-user Industry, Vehicle Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The market is expected to register a healthy CAGR of around 5%. The low cost at which hydraulic systems can be fit into vehicles is a major advantage and has proved to be one of the most important factors in driving the market.

Hydraulic systems have an edge over electric systems in this aspect and as passenger vehicles are expected to be subjected to electrification in the near future, commercial vehicles are anticipated to remain using hydraulic systems, which would, in turn, enable them to occupy a significant market share for hydraulic systems during the forecast period.

Electrification in Asia-Pacific region has witnessed a high penetration rate due to the presence of China and Japan, as China is the leader market for electric vehicles and most of the automakers advancing in electric vehicle technology are from Japan. But nevertheless, the demand for commercial vehicles in the region has grown from 7,295,772 vehicles in 2015 to 8,156,633 vehicles in 2017, which is nearly 31% of the global CV sales.

Notable Market Developments

Schaeffler showcased portfolio of low-emission and locally zero-emissions driving for all three engine systems namely, newly manufactured cars using all-electric traction systems, hybrid powertrain systems, and internal combustion engine (ICE). The company developed hydraulic-switchable valve tappet, which allows individual cylinders to be deactivated. The first three-cylinder engine using such a system from Schaeffler will likely go into production in 2018.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Global Automotive ECU Market Segmentation By Geography

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

Aisin Seiki Robert Bosch GmbH ZF Group Borgwarner JTEKT Corporation Continental AG Schaeffler Wabco GKN

For more information about this report visit https://www.researchandmarkets.com/research/dhzpnc/global_automotive?w=4

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Related Topics:Suspension Systems and Components

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/31/2018 11:22 AM/DISC: 08/31/2018 11:55 AM

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