The Europe automotive actuator market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of market is attributed to rapid digitization and automation, also increasing demand for fuel efficient and comfort driven vehicles especially in the passenger segment.
Although, the demand for the commercial as well as passenger vehicles has witnessed a major downfall since 2019, but still some oriental equipment manufacturers or OEM produces electric actuators as their primary area of focus to offer and improves passengers comfort and safety. As a reward of the effort, electric actuators have gained a lot of attention and became popular from the last few years.
Actuator is a mechanical component that converts any sort of energy in the vehicle into motion. It requires energy, which comprises of air, liquid, electricity, and transforms it into the form of movement industrial segment uses actuator to operate dampers, valves, fluid couplings, and other devices for the industries process control.
Factors such as effective and favorable government norms towards rapid adoption of fuel efficient automobiles in Europe which offer the electric actuator market to evolve from working mechanic application into fully automatic.
Electric automotive actuator is expected to witness a major surge of demand in wide range of application as the product utilizes the engine to its maximum potentiality, allowing consistency and enhances the performance, which in-turn reduces the carbon emission from the vehicles which can act as on one of the driving factors of the segment.
With the growing demand for the vehicles that consumes less fuel, and constant advancement in technology compelling the manufacturers to invest majorly in R&D activities to cater the demand of the population. Furthermore, the demand hike in luxury car segment in Europe impacts positively for the electric automotive actuator industry.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for fuel efficient vehicles is expected to propel the market in the coming years.
- Rapid growth of the industry primarily driven by rapid digitization and automation is estimated to spur the market during the forecast period.
- Growing demand for comfort and safety in passenger car segment is anticipated to impel the market during the projected period.
- Increasing fuel efficiency rules along with the norms to reduce the emission of CO2 from the vehicles is estimated to drive the market during the forecast period.
- R&D and technological advancement towards electric actuator products creates lucrative opportunities for the players in the market.
- High cost of maintenance acts as a factor that can hinder the market in the coming years.
Scope of the market
The report on the Europe automotive actuators market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Actuators Market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Vehicle Types (Passenger Car and Commercial Vehicles), Applications (Brake Actuator, Closure Actuator, Throttle Actuator, Seat Adjustment Actuator, and Others)
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Geographical Scope
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United Kingdom, Germany, France, Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Robert Bosch GmbH; Continental AG; Wabco Holdings Inc.; Hella KGah Hueck & Co; Sonceboz SA.
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Market segment insights
The passenger car segment is estimated to account major share of market
Based on the vehicle types, the market is segregated into passenger car and commercial vehicles. The passenger car segment is estimated to account for major share of market during the forecast period owing to the range of applications used in vehicles, since they extract power from battery, they can deliver higher torque, compact & light-weighted, user friendly making it easier to operate, and are used majorly in window lifts, seat adjustments, sunroof drives, and power tailgate drive which enhances the passenger experience which in-turn boost the segment.
The seat adjustment actuator segment is anticipated to exhibit high CAGR
On the basis of application types, the market is fragmented into brake actuator, closure actuator, throttle actuator, seat adjustment actuator, and others. The seat adjustment actuator segment is anticipated to exhibit high CAGR in the coming years due to various automotive seat adjustments are available in the market such as double output shaft for track drivers, linear actuator for height & tilt adjustment, and geared motor for recliner adjustment, accompanied by the rising demand for premium vehicles and SUV’s within the region causing the segment growth.
Segments
Europe automotive actuator market has been bifurcated on the basis of
Vehicle Types
- Passenger Car
- Commercial Vehicles
Application Types
- Brake Actuator
- Closure Actuator
- Throttle Actuator
- Seat Adjustment Actuator
- Others
Geographies
- United Kingdom
- Germany
- France
- Rest of Europe
Key Players
Competitive Landscape
Key players competing in the Europe automotive actuator market include Robert Bosch GmbH; Continental AG; Wabco Holdings Inc.; Hella KGah Hueck & Co; Sonceboz SA.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
In 2019, Progress automation introduces a wide range of linear actuators model, which have a unique capabilities for possible versatile applications offering consumers to customize the chosen model for specific demand which includes, force, stroke length, voltage, dimension, and feedback control.
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