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)–Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028
The Mexico automotive actuators market size is anticipated to expand at significant CAGR during forecast period 2021–2028. 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.
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.
Market Trends, Drivers, Restraints, and Opportunities
- 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.
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Attributes |
Details |
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Report Title |
Mexico Automotive Actuators Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018-2019 |
|
Forecast Period |
2021-2028 |
|
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) |
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Country Scope |
Mexico |
|
Report Coverage |
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 |
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.
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.
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
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
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.
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.
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