Valued to be $47.4 Billion by 2026, Automotive Hydraulics System Slated for Stable Growth Worldwide
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SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Hydraulics System - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 784
Companies: 11 - Players covered include Aisin Seiki Co., Ltd.; BorgWarner, Inc.; Bosch Rexroth AG; Continental AG; FTE Automotive GmbH; GKN PLC; JTEKT Corporation; Schaeffler AG; WABCO Holdings Inc.; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: Application (Brake, Clutch, Suspension, Tappet)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Automotive Hydraulics System Market to Reach $47.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Hydraulics System estimated at US$35.1 Billion in the year 2020, is projected to reach a revised size of US$47.4 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Brake, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$19.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Clutch segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.1 Billion in 2021, While China is Forecast to Reach $9.5 Billion by 2026
The Automotive Hydraulics System market in the U.S. is estimated at US$10.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2026 trailing a CAGR of 7.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Suspension Segment to Reach US$9.1 Billion by the year 2026
In the global Suspension segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.2 Billion in the year 2020 will reach a projected size of US$6.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
