Automotive Actuators Market – Global Industry Analysis and Forecast (2023-2029)

Automotive Actuators Market is expected to grow at a CAGR of 7.1% throughout the forecast period, to reach US$ 48.52 Bn. by 2029.

Global Automotive Actuators Market segmented by Product, by Vehicle type and by region. Based on Product, Automotive Actuators Market is classified into HVAC Actuators, Headlamp Actuators, Grill Shutter Actuators, Seat Actuators, Brake Actuators, Coolant & refrigerant valve actuators and others.To know about the Research Methodology:-Request Free Sample Report

By Vehicle type, Automotive Actuators Market divided into in Electric Vehicle, Passenger vehicle, Commercial Vehicle, Two- & three-wheeler.

Report covers the in-depth macro and micro analysis of economies across the globe by regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Key market drivers, market trends, market forecast, dominant players in specific regions and their vendors with value chain are covered in the report. Comprehensive analysis of each region for automotive actuators market will provide the necessary and market information with competitive landscape of the regions. Asia Pacific is expected to grow at the highest CAGR during the forecast period and is expected to give significant growth opportunities to the manufacturers.

Apart from the key players in automotive actuators, report has also covered the analysis of dominant OEMs in the region that will help decision makers to take informed decisions.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

The report has analyzed an increasing demand from electric vehicles and rise in demand for fuel efficient vehicles and advanced automated systems that are driving the market for Automotive Actuators. Consumer have also become aware about the performance, safety, comfort that are creating opportunities for the manufacturers across the globe.

Early wear & tear of the actuator can be the one of the growth restraints for an automotive actuators market.

In terms of Product, brake actuators segment is expected to hold largest market share during forecast period. Rising preference for electric brake actuators, governments across the world are making installation of anti-lock braking systems (ABS) and electronic stability systems mandatory that will boost the demand for automotive actuator market in the near future.

Passenger vehicle segment is expected to be the fastest growing segment in automotive actuators market. Increase in sales of passenger cars across the globe, introduction of advanced automated systems in vehicles, rising production of vehicles in Asia pacific and growing demand for luxury cars equipped with advanced autonomous systems are some of the drivers for the market

Hitachi Automotive Systems Ltd, Actus Manufacturing, Inc., Cebi International S.A., CTS Corporation, Nidec Corporation, Continental AG, Robert Bosch GmbH, Delphi Automotive LLP, HELLA GmbH & Co. KGaA, HUSCO International, Kiekert AG, Johnson Electric, MAHLE GmbH, Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo, WABCO, Cameron, Flowserve, Honeywell.

The objective of the report is to present comprehensive analysis of Global Automotive Actuators Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes Market leaders, followers and new entrants by region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Automotive Actuators Market dynamics, structure by analyzing the Market segments, and project the Global Automotive Actuators Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Actuators Market the report investor’s guide.
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Global Automotive Actuators Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 30.01 Bn.


Forecast Period 2023 to 2029 CAGR:
7.1%
Market Size in 2029:
US $ 48.52 Bn.


 Segments Covered:
by Product
HVAC Actuators
Headlamp Actuators
Grill Shutter Actuators
Seat Actuators
Brake Actuators
Coolant & Refrigerant Valve Actuators
Others


by Vehicle Type
Electric Vehicles
Passenger Cars
Commercial Vehicles
Two- & three-wheelers


by On-highway vehicle
On-Highway
Off-Highway


by Application
Engine
Body & Exterior
Interior



Automotive Actuators Market, by region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Automotive Actuators Market, Key Players are
1. Hitachi Automotive Systems Ltd
2. Actus Manufacturing, Inc.
3. Cebi International S.A.
4. CTS Corporation
5. Nidec Corporation
6. Continental AG
7. Robert Bosch GmbH
8. Delphi Automotive LLP
9. HELLA GmbH & Co. KGaA
10. HUSCO International
11. Kiekert AG
12. Johnson Electric
13. MAHLE GmbH
14. Mitsubishi Electric Corporation
15. Robert Bosch GmbH
16. Valeo
17. WABCO
18. Cameron
19. Flowserve
20. Honeywell
Frequently Asked questions
1. What is the market size of the Global Market in 2022?
Ans. The market size Global Automotive Actuators Market in 2022 was US$ 30.01 Billion.

2. What are the different segments of the Global  Market?
Ans. The Global Automotive Actuators Market  is divided into Product and Vehicle Type.

3. What is the study period of this market?
Ans. The Global Automotive Actuators Market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest Global  Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global  Market?
Ans. The Forecast Period of the market is 2023-2029 in the market.