The Canada Automotive Pneumatic Actuator 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 4.1% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising demand for fuel-efficient vehicles.
An actuator is a crucial part of electronic control systems in vehicles that takes in the energy supplied to it in the form of mechanical, electrical, or kinetic 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.
Canada is among the major global Automotive Pneumatic Actuator Market player. In Canada, commercial vehicle has increased due to diesel vehicles fulfilling the emission standard, along with the growing demand for commercial vehicles. The increase in demand for commercial vehicles can be attributed to an increase in industrial and construction activity and road freight movement.
The most eminent actuator application in the region is power window motors, wiper motors, seat motors, door actuators, and brake actuators. Rear door actuators and body actuators are the other types of actuators most commonly used in a passenger vehicle in the region. Furthermore, stringent emission rules by the government for the reduction of emission and fuel consumption are leading to the use of electric vehicles. This reduces the market for fuel-powered vehicles, in which actuators are used.
The Covid-19 pandemic had an adverse impact on the automotive pneumatic actuator market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralize 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 expected to drive the growth of the market during the forecast period.
-
Increasing disposable income, growing production of high-end cars, and rising demand for automobiles is anticipated to boost the demand for actuators. Thereby, driving the growth for the market.
-
Rising trend and shifting customer preferences for more safety and comfort from manual to semi-automatic or fully automatic transmission system is estimated to fuel the growth for the market.
-
Increasing use of embedded electrical systems in vehicles is expected to surge the demand for pneumatic actuators and thus driving the growth for the market.
-
Growing consumer awareness regarding adoption of automobiles that are fuel-efficient and give high performance is expected to propel the market.
-
High replacement and repair cost of actuators is projected to impede the market growth.
-
R&D investment and technological advancement in Canadian automotive pneumatic actuator market are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on Canada automotive pneumatic actuator 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
|
Canada Automotive Pneumatic Actuator Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Application Type (Throttle Actuator, Fuel Injection Actuator, Brake Actuator, and Others), and Vehicle Type (Passenger Cars and Commercial Vehicles)
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Bosh Rexroth AG; Nidec Corporation; Denso Corporation; SMC Corporation of America, and Emerson Electric Co.
|
Market Segment Insights
The throttle actuator segment is projected to constitute a large market share
Based on application type, the Canadian automotive pneumatic actuator market is segregated into throttle actuator, fuel injection actuator, brake 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 applications such as integrating control with other vehicle functions. These systems in SUVs permit the engine speed to be monitored for smooth driving over different terrains. Furthermore, these units are popular owing to their increased efficiency, enhanced functionality, increased operational safety, and reduced carbon emission, which is expected to drive the market growth.
The commercial vehicles segment is expected to register a substantial CAGR
Based on vehicle type, the market is divided into passenger cars and commercial vehicles. The commercial vehicles segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to an increase in production and sales of trucks and semi-trailers in the region; however, passenger car segment is anticipated to expand at a rapid pace during the forecast period owing to increasing demand for automatic hydraulic transmission and continuously variable transmission in passenger vehicles.
Segments
The Canada automotive pneumatic actuator market has been segmented on the basis of:-
Application Type
- Throttle Actuator
- Fuel Injection Actuator
- Brake Actuator
- Others
Vehicle Type
- Passenger Cars
- Commercial Vehicles
Key Companies
- Bosh Rexroth AG
- Nidec Corporation
- Denso Corporation
- SMC Corporation of America
- Emerson Electric Co.
Competitive Landscape
Key players competing in the Canada automotive pneumatic actuator market include Bosh Rexroth AG; Nidec Corporation; Denso Corporation; SMC Corporation of America, and Emerson Electric Co.
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.
Request For Customization
Enquiry Before Buying
Speak With Analyst
