The projected growth of the Automotive Hydraulic Systems Market is forecasted to attain USD 54 billion by 2030

The projected size of the Global Automotive Hydraulic Systems Market is set to exceed USD 54 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period spanning 2022 to 2030. Hydraulic systems integrated into automobiles encompass transmission systems employing pressurized hydraulic fluid to facilitate the movement of mechanical components. This hydraulic system capitalizes on energy transfer attributed to pressure disparities between two points. This contrasts with conventional mechanical systems where kinetic energy propels movement. Hydraulic systems are often perceived as more precise compared to traditional mechanical propulsion systems, which can experience diminishing efficiency due to friction over time. Growing logistics operations, burgeoning industrial sectors, and an expanding tourism industry are anticipated to drive the demand for commercial vehicles, consequently bolstering the need for hydraulic systems. In comparison to batteries, hydraulic systems demonstrate superior energy storage and utilization capabilities. For high-power demand vehicles, hydraulic hybrid drives outperform electric drives in terms of efficiency. Power steering, shock absorbers, and brakes emerge as the most prevalent applications of hydraulic systems within automobiles.