Market Overview:
The global commercial vehicle hydraulics system market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The brake segment is expected to account for the majority share of the global commercial vehicle hydraulics system market in 2018. However, the clutch segment is anticipated to register highest CAGR over the forecast period. Asia Pacific excluding Japan (APEJ) region dominates the global commercial vehicle hydraulics system market with maximum revenue share contribution in 2018 and is expected to maintain its dominance throughout the forecast period. Factors such as increasing demand for lightweight vehicles, stringent emission norms and rising demand from developing countries are fuelling growth of global commercial vehicle hydraulics system market. Additionally, development of advanced technologies such as electric vehicles would create new opportunities for players operating in this market during forecast period.
Product Definition:
A commercial vehicle hydraulics system is a system that helps to power and control the various functions of a commercial vehicle. This system can help to power things such as the brakes, steering, and suspension. The importance of this system is that it can help to improve the safety and performance of a commercial vehicle.
Brake:
Brake is a mechanism used to decrease the speed of a vehicle. It's basically an applied force that reduces the momentum of a moving vehicle. The main function of brake in any commercial vehicle is to bring the vehicles to stop when applied quickly enough, or if not, then at least reduce its speed so that it doesn’t have any further impact on other vehicles or people.
Clutch:
The clutch is a mechanism that interferes with the forward movement of the vehicle when engaged. It is used to change gears in manual transmission vehicles and electric power steering systems. The type of clutch used depends on its location in the vehicle, for instance, if it's located at the rear end then it's called a manual or stick shift clutch whereas if located at front end then it's called an automatic or computerized gearbox/hydraulic system clutch.
Application Insights:
The light commercial vehicle segment held the largest share of over 60.0% in 2017. The segment is expected to witness significant growth owing to rising demand for fuel-efficient vehicles and stringent government regulations regarding the reduction of CO2 emissions from heavy commercial vehicles. Furthermore, increasing penetration of hybrid electric LCVs is expected to drive product demand over the forecast period.
Light Commercial Vehicle (LCV) application segment was valued at USD 1,227.5 million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owingto its high fuel efficiency coupled with low maintenance cost as compared with Heavy Commercial Vehicle (HCV).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising disposable income. Moreover, growing population and rapid urbanization have resulted in increased demand for automobiles, which is further anticipated to drive the regional market growth.
The Asia Pacific regional market includes developing countries such as India, China and Japan that are at a nascent stage of development when compared to other developed regions such as North America or Europe. However, these developing economies are experiencing strong economic growth owing to increasing foreign investments along with rising disposable income levels within their respective nations.
Growth Factors:
- Increasing demand for commercial vehicles due to rising disposable income and urbanization
- Growing demand for fuel-efficient and low-emission commercial vehicles
- Technological advancements in hydraulic systems that improve performance and efficiency
- Stringent emission norms across the globe driving the need for advanced hydraulic systems
- Rising demand from emerging markets such as China, India, Brazil, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Hydraulics System Market Research Report
By Type
Brake, Clutch, Suspension & Tappet
By Application
Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Aisin Seiki, Bosch, ZF, BorgWarner, JTEKT, NSK, Nexteer, Mobis, Thyssenkrupp, WABCO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Hydraulics System Market Report Segments:
The global Commercial Vehicle Hydraulics System market is segmented on the basis of:
Types
Brake, Clutch, Suspension & Tappet
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Commercial Vehicle, Heavy Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aisin Seiki
- Bosch
- ZF
- BorgWarner
- JTEKT
- NSK
- Nexteer
- Mobis
- Thyssenkrupp
- WABCO
Highlights of The Commercial Vehicle Hydraulics System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Brake
- Clutch
- Suspension & Tappet
- By Application:
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Hydraulics System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial vehicle hydraulics system is a hydraulic system used in large trucks, buses, and other vehicles for moving cargo. It includes systems for braking and steering, as well as systems that control the suspension and movement of the vehicle.
Some of the key players operating in the commercial vehicle hydraulics system market are Aisin Seiki, Bosch, ZF, BorgWarner, JTEKT, NSK, Nexteer, Mobis, Thyssenkrupp, WABCO.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Hydraulics System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle Hydraulics System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle Hydraulics System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle Hydraulics System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle Hydraulics System Market Size & Forecast, 2020-2028
4.5.1 Commercial Vehicle Hydraulics System Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle Hydraulics System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Brake
5.2.2 Clutch
5.2.3 Suspension & Tappet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Light Commercial Vehicle
6.2.2 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Hydraulics System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Hydraulics System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Brake
9.6.2 Clutch
9.6.3 Suspension & Tappet
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Light Commercial Vehicle
9.10.2 Heavy Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Brake
10.6.2 Clutch
10.6.3 Suspension & Tappet
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Light Commercial Vehicle
10.10.2 Heavy Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Brake
11.6.2 Clutch
11.6.3 Suspension & Tappet
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Light Commercial Vehicle
11.10.2 Heavy Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Brake
12.6.2 Clutch
12.6.3 Suspension & Tappet
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Light Commercial Vehicle
12.10.2 Heavy Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Brake
13.6.2 Clutch
13.6.3 Suspension & Tappet
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Light Commercial Vehicle
13.10.2 Heavy Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Hydraulics System Market: Competitive Dashboard
14.2 Global Commercial Vehicle Hydraulics System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aisin Seiki
14.3.2 Bosch
14.3.3 ZF
14.3.4 BorgWarner
14.3.5 JTEKT
14.3.6 NSK
14.3.7 Nexteer
14.3.8 Mobis
14.3.9 Thyssenkrupp
14.3.10 WABCO
