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Mexico Automotive Actuators Market Size, Growth Report 2031
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Mexico Automotive Actuators Market Size, Growth Report 2031

Segments - Mexico Automotive Actuators Market by Vehicle Types (Commercial Vehicle, Passenger Car, and Others), Actuators Types (Pneumatic Actuators, Electrical Actuators, and Hydraulic Actuators), Application Types (Brake Actuator, Closure Actuator, Throttle Actuator, Seat Adjustment Actuator, and Other), and Country (Mexico) – Mexico Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-1943 | 4.8 Rating | 84 Reviews | 193 Pages | Format : PDF Excel PPT

Report Description


The Mexico Automotive Actuators Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 5.3% during the forecast period, 2023 – 2031. Growth of the market is attributed to rapid urbanization, increasing overall efficiency & productivity for enterprises, and increasing demand for advance actuator product.

Most of the new vehicles are equipped with electrical actuators. They offer flexible design, installation options, emit less heat, and reduce noise emission. They are lightweight, compact, and deliver high torque due to this; customers are making optimum choice over regulators actuators. In sunroof drive, window lifts, seat adjustment, and power tailgate drive the electric actuators are widely used.

Mexico Automotive Actuators Market Outlook

The Covid-19 pandemic affected the demand and supply of Mexico automotive actuators market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

  • Increasing use of automotive actuators in passenger car is projected to boost the market.

  • Rising need for cabin comfort & quality rides is the major factor fueling the market.

  • Lack of awareness about the automotive actuators is projected to restrict the market expansion during the forecast period.

  • High price of automotive actuators is anticipated to hamper the market growth in the coming years.

  • R&D investment and technological advancement in automotive actuators market is projected to offer lucrative opportunities for the market players.

Scope of Automotive Actuators Market Report

The report on the Mexico 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

Mexico Automotive Actuators Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023-2031

Segmentation

Vehicle Types (Commercial Vehicle, Passenger Car, and Others), Actuators Types (Pneumatic Actuators, Electrical Actuators, and Hydraulic Actuators), Application Types (Brake Actuator, Closure Actuator, Throttle Actuator, Seat Adjustment Actuator, and Others)

Country Scope

Mexico

Report Coverage

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

Key Players covered in the Report

Hitachi Ltd.; BorgWarner Inc; Stoneridge Inc.; Aptiv PLC; Denso Corp.; Nidec Corp.; Robert Bosch GmbH; Mitsubishi Electric; Continental AG; and Johnson Electric Holdings Ltd.

Automotive Actuators Market Segment Insights

The passenger car segment accounts for key share of the market

Based on vehicle types, the Mexico automotive actuators market is fragmented into commercial vehicle, passenger car, and others. The passenger car segment accounts for a key share of the market. Growth of the market is attributed to rising industrialization and increasing awareness among consumers about automobile sector. However, the commercial vehicle segment is anticipated to expand at a rapid pace during the forecast period due to rapid expansion in development & research, increasing per capita income, and rising demand for high performance fuel efficiency engine.

The electric actuators segment is anticipated to hold significant market share

On the basis of actuators types, the market is divided into pneumatic actuators, electrical actuators, and hydraulic actuators. The electric actuators segment accounts for a significant share of the market. Growth of the market is attributed to increased demand for commercial vehicles and rapid technological advancement in industrial development & infrastructure. The hydraulic actuators segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising investment by government & private sectors, rapidly growing population, and increasing demand for luxury vehicles & safety features.

Mexico Automotive Actuators Market Actuator Types

The throttle actuator segment accounts for key share of the market

Based on application types, the Mexico automotive actuators market is segregated into brake actuator, closure actuator, throttle actuator, seat adjustment actuator, and others. The throttle actuator segment accounts for a key share of the market. Growth of the market is attributed to rapid economic growth and consumers installing latest technology products in the car. However, the commercial vehicle segment is anticipated to expand at a rapid pace during the forecast period due to increasing rules for fuel efficiency in Mexico, presence of major market players, and rapid industrialization.

The Mexico automotive actuators market is anticipated to expand at a high CAGR during the forecast period due increasing use of automotive actuators in passenger car and rising need for cabin comfort & quality rides. Growth of the market is attributed to introduction of technological and novel advanced product and increasing per capita income.

Segments

The Mexico automotive actuators market has been segmented on the basis of

Vehicle Types

  • Commercial Vehicle
  • Passenger Car
  • Others

Actuators Types

  • Pneumatic Actuators
  • Electrical Actuators
  • Hydraulic Actuators

Application Types

  • Brake Actuator
  • Closure Actuator
  • Throttle Actuator
  • Seat Adjustment Actuator
  • Others

Country

  • Mexico

Key Players

  • Hitachi Ltd.
  • BorgWarner Inc
  • Stoneridge Inc.
  • Aptiv PLC
  • Denso Corp.
  • Nidec Corp.
  • Robert Bosch GmbH
  • Mitsubishi Electric
  • Continental AG
  • Johnson Electric Holdings Ltd.

Competitive Landscape

Key players competing in the Mexico automotive actuators market include Hitachi Ltd.; BorgWarner Inc; Stoneridge Inc.; Aptiv PLC; Denso Corp.; Nidec Corp.; Robert Bosch GmbH; Mitsubishi Electric; Continental AG; and Johnson Electric Holdings Ltd.

Some of these players are using several market strategies such as collaborations, acquisitions, partnerships, merger, product launches, and capacity expansion to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Mexico Automotive Actuators Market Key Players

Table Of Content

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 Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Automotive Actuators Market Size and Volume Forecast by Applications
     5.3.1. Brake Actuator
     5.3.2. Closure Actuator
     5.3.3. Throttle Actuator
     5.3.4. Seat Adjustment Actuator
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Automotive Actuators Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive Actuators Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive Actuators Demand Share Forecast, 2019-2026
7. North 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
  7.2. North America Automotive Actuators Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive Actuators Market Size and Volume Forecast by Applications
     7.4.1. Brake Actuator
     7.4.2. Closure Actuator
     7.4.3. Throttle Actuator
     7.4.4. Seat Adjustment Actuator
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive Actuators Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
  8.2. Latin America Automotive Actuators Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive Actuators Market Size and Volume Forecast by Applications
     8.4.1. Brake Actuator
     8.4.2. Closure Actuator
     8.4.3. Throttle Actuator
     8.4.4. Seat Adjustment Actuator
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive Actuators Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Automotive Actuators Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive Actuators Market Size and Volume Forecast by Applications
     9.4.1. Brake Actuator
     9.4.2. Closure Actuator
     9.4.3. Throttle Actuator
     9.4.4. Seat Adjustment Actuator
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive Actuators Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive Actuators Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive Actuators Market Size and Volume Forecast by Applications
     10.4.1. Brake Actuator
     10.4.2. Closure Actuator
     10.4.3. Throttle Actuator
     10.4.4. Seat Adjustment Actuator
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive Actuators Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Actuators Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive Actuators Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive Actuators Market Size and Volume Forecast by Applications
     11.4.1. Brake Actuator
     11.4.2. Closure Actuator
     11.4.3. Throttle Actuator
     11.4.4. Seat Adjustment Actuator
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive Actuators Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive Actuators Market: Market Share Analysis
  12.2. Automotive Actuators Distributors and Customers
  12.3. Automotive Actuators Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Hitachi Ltd.
     12.4.2. BorgWarner Inc
     12.4.3. Stoneridge Inc.
     12.4.4. Aptiv PLC
     12.4.5. Denso Corp.
     12.4.6. Nidec Corp.
     12.4.7. Robert Bosch GmbH
     12.4.8. Mitsubishi Electric

Methodology

Our Clients

Deloitte
Dassault Aviation
Microsoft
FedEx Logistics
Nestle SA
General Electric
General Mills
Siemens Healthcare