Automotive Actuators Market

Automotive Actuators Market by Application Type (Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closure Actuator (Window, Door and Sunroof), and Others), Vehicle Type (Passenger Car and Commercial Vehicle) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: AL-745
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 165
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Automotive actuators market was valued at USD 22.8 billion in 2019 and is estimated to register a substantial CAGR of over 7.1% during the forecast period, 2021–2028. The growth of the market is attributed to its rising demand for fuel efficient vehicles, increase in price of energy and oil and continuous pressure and regulations from government bodies. Furthermore, these actuators aid in reducing road fatalities and in fuel pumps, electronic parking brake and head light lifts.

Automotive Actuators Market Key Takeaways

An actuator is an indispensable element of electronic control systems in vehicles that takes in the energy supplied to it in the form of mechanical and electrical energy and converts this energy into motion or force. It is responsible for the conversion of the electrical signals from the control unit into action. Most actuators are in the form of electro-magnetic valves or electric motors. They adjust flaps and further, regulate the flow of fluids to build up pressure. The actuators drive motion and force in a variety of applications such as operating low power switches, flaps, valves and high-power hydraulic devices. The automotive actuators have undergone several technological advancements with time and have evolved from simple mechanical actuators to electronic EGR system, electronic brake system, electronic throttle body, active grill shutter and power seats.

The Covid-19 pandemic had an unpleasant impact on the automotive actuators market. The production has been on halt and both the demand and supply ware affected. The market suffered significant loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for automatic hydraulic transmission systems is estimated to boost the market growth during the forecast period.
  • Growing production of high-end cars, rising disposable income and increasing demand for automobiles is projected to drive the demand for actuators.
  • growing trends and shifting customer preferences for more safety and comfort, from manual to semi-automatic or fully automatic transmission system is estimated to spur the market growth in coming years
  • Rising use of embedded electrical systems in vehicles is projected to drive the demand for actuators, which in turn, boost the market growth.
  • Rising consumer awareness regarding adoption of automobiles that are fuel-efficient and give high performance is a major factor driving the growth for the market of actuator.
  • Technological advancements and innovations in actuators in order to enhance the vehicle fuel efficiency are estimated to spur the market growth in near future.
  • High repair costs and replacement of actuators is expected to impede the market growth.
  • Startup, assembly and maintenance of automotive actuators require large space which is anticipated to hinder the market growth.
  • R&D investment and technological advancement in automotive actuators market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the automotive actuators market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Actuators Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Application Type (Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closure Actuator (Window, Door and Sunroof), and Others), Vehicle Type (Passenger Car and Commercial Vehicle)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Continental Ag, Cvel Automotive Electronics,Denso Corporation , APC International, Ltd., Iav Automotive Engineering, Magneti Marelli S.P.A., Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo S.A., Timotion Technology Co. Ltd., Buehler Motor Inc., CTS Corporation, Delphi Automotive Plc., Firgelli Automations, Hitachi, Ltd., Hella KGaA Hueck & Co., Johnson Electric Holdings Ltd., Marsh Automation, and Nook Industries, Inc.


Market Segment insights

The throttle actuator segment is projected to constitute a large market share
Based on application type, the automotive actuators market is segregated into throttle actuator, seat adjustment actuator, brake actuator, closure actuator and others. The throttle actuator segment is expected to account for a key share of the market during the forecast period owing to its application in noise optimization, reducing fuel consumption and engine ware and tear by escalating the engine RPM. The throttle actuator implicates the conversion of the mechanical force applied on the accelerator pedal, into consistent throttle control, which involves suitable opening of the throttle valve, in the engine combustion chamber.

Automotive Actuators Market By Application Type

Passenger car segment is expected to register a substantial CAGR
Based on vehicle type, the automotive actuators market is divided into passenger car and commercial vehicle. The passenger car segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to continuously variable transmission passenger vehicles and rising demand for automatic hydraulic transmission.

Automotive Actuators Market By Vehicle Type

Asia Pacific is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a robust CAGR during the forecast period. . Increasing demand for sedan class, sports sedan and high-performance cars in this region are anticipated to boost the market growth over the coming years.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Actuators Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Actuators Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Actuators Market - Supply Chain
  4.5. Global Automotive Actuators Market Forecast
     4.5.1. Automotive Actuators Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Actuators Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Actuators Market Absolute $ Opportunity
5. Global Automotive Actuators Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Actuators Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Actuators Demand Share Forecast, 2019-2026
6. North America Automotive Actuators Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Actuators Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Actuators Demand Share Forecast, 2019-2026
7. Latin America Automotive Actuators Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Actuators Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Actuators Demand Share Forecast, 2019-2026
8. Europe Automotive Actuators Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Actuators Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Actuators Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Actuators Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Actuators Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Actuators Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Actuators Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Actuators Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Actuators Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Actuators Market: Market Share Analysis
  11.2. Automotive Actuators Distributors and Customers
  11.3. Automotive Actuators Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Continental Ag
     11.4.2. Cvel Automotive Electronics
     11.4.3. Denso Corporation
     11.4.4. APC International, Ltd.
     11.4.5. Iav Automotive Engineering
     11.4.6.
Segments Covered in the Report
The automotive actuators market has been segmented on the basis of:-

Application Type
  • Throttle Actuator
  • Seat Adjustment Actuator
  • Brake Actuator
  • Closure Actuator (Window, Door and Sunroof)
  • Others
Vehicle Type
  • Passenger Car
  • Commercial Vehicle
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Companies
  • Continental Ag
  • Cvel Automotive Electronics
  • Denso Corporation
  • APC International, Ltd.
  • Iav Automotive Engineering
  • Magneti Marelli S.P.A.
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Valeo S.A.
  • Timotion Technology Co. Ltd.
  • Buehler Motor Inc.
  • CTS Corporation
  • Delphi Automotive Plc.
  • Firgelli Automations
  • Hitachi, Ltd.
  • Hella KGaA Hueck & Co.
  • Johnson Electric Holdings Ltd.
  • Marsh Automation
  • Nook Industries, Inc.

Key players competing in the automotive actuators market include Continental Ag, Cvel Automotive Electronics,Denso Corporation , APC International, Ltd., Iav Automotive Engineering, Magneti Marelli S.P.A., Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo S.A., Timotion Technology Co. Ltd., Buehler Motor Inc., CTS Corporation, Delphi Automotive Plc., Firgelli Automations, Hitachi, Ltd., Hella KGaA Hueck & Co., Johnson Electric Holdings Ltd., Marsh Automation, and Nook Industries, Inc.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instances,

In August 2019 Hella declare the expansion of its electronics competence in the area of special applications. The company dilated its product spectrum ranging from sensors, actuators and energy management through body electronics right up to driver assistance systems. Universal Rotary Actuator (URA) in the agricultural sector is anticipated to play a crucial role in this development.

 Automotive Actuators Market By Key Players

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