by The automobile liquid accumulator is a component used in braking and suspension systems of vehicles to store pressurized fluids such as brake fluid, transmission fluid or coolant, and maintain optimal pressure levels. Automobile liquid accumulators help improve vehicle efficiency by preventing pressure fluctuations in hydraulic circuits. They play an important role in ensuring reliable operation of braking and suspension systems in vehicles. With rising environmental concerns and stringent emission norms, automakers are focusing on developing more fuel efficient and environment-friendly vehicles. This has increased the demand for advanced braking and suspension technologies that enable improved performance and drivability while enhancing fuel efficiency.
The global Automobile Liquid Accumulator Market is estimated to be valued at US$ 1,806.2 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the automobile liquid accumulator market has been the increasing adoption of advanced accumulators equipped with temperature compensation. Temperature changes can significantly alter fluid viscosity and accumulator performance. Temperature compensated accumulators address this issue through innovative designs that help maintain optimal operating pressure over a wide range of temperatures. They deliver more consistent braking and suspension response through fluctuations in ambient temperature conditions. This has resulted in their growing popularity among automakers aiming to enhance vehicle safety, handling and drivability.
Porter’s Analysis
Threat of new entrants: The global automobile liquid accumulator market has moderate threat of new entrants due to high initial capital investments required for production and established brand image of existing players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and less product differentiation.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of close substitutes.
Threat of new substitutes: Threat from new substitutes is moderate due to necessity and high switching costs associated.
Competitive rivalry: Market has high competitive rivalry due to presence of global players.
Key Takeaways
The Global Automobile Liquid Accumulator market Size is expected to witness high growth over the forecast period.
Regional analysis: Asia Pacific is expected to dominant the global Automobile Liquid Accumulator market over the forecast period. China is the fastest growing country due to increasing automotive production.
Key players: Key players operating in the Automobile Liquid Accumulator market are Bosch Rexroth AG, Parker Hannifin Corporation, HYDAC International GmbH, Eaton Corporation, WABCO Holdings Inc., NOK Corporation, Freudenberg Sealing Technologies, Continental AG, Denso Corporation, Magneti Marelli S.p.A. (now part of Calsonic Kansei Corporation), ZF Friedrichshafen AG, Schrader International Inc. (part of Sensata Technologies), Rheinmetall Automotive AG, Aisin Seiki Co., Ltd., HELLA GmbH & Co. KGaA . Continental AG is the global leader in terms of revenue with wide distribution network globally.
