Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Automotive Actuators Market is influenced by a myriad of market factors that play a pivotal role in shaping its dynamics. One of the primary factors is the constant evolution of automotive technology. As advancements in technology continue to surge, the demand for sophisticated and efficient actuators in vehicles rises correspondingly. Automotive manufacturers are increasingly incorporating electronic systems and smart features in vehicles, necessitating the integration of advanced actuators to ensure optimal performance.
Government regulations and emission standards also significantly impact the Automotive Actuators Market. As global concerns about environmental sustainability intensify, governments worldwide are implementing stringent emission norms to curb pollution. This, in turn, propels automotive manufacturers to adopt advanced technologies, including precision actuators, to meet the regulatory requirements. Consequently, the market experiences a shift towards actuators that contribute to fuel efficiency and reduced emissions.
The global economic landscape plays a crucial role in shaping the Automotive Actuators Market. Economic stability and growth directly influence consumer purchasing power and confidence. During periods of economic prosperity, consumers are more inclined to invest in vehicles equipped with advanced features, boosting the demand for high-performance actuators. Conversely, economic downturns may lead to a temporary decline in the market as consumers prioritize essential purchases over luxury or technologically advanced vehicles.
The Automotive Actuators Market is also intricately linked to the broader automotive industry trends. The rise of electric and hybrid vehicles, for instance, has a profound impact on the demand for specific types of actuators. Electric vehicles, in particular, require advanced electric actuators for functions such as motor control and battery management. As the automotive industry continues to witness a transition towards electrification, the market for electric actuators is expected to witness substantial growth.
Moreover, the market is influenced by factors such as consumer preferences and demographics. Changing consumer preferences, driven by factors like convenience, safety, and connectivity, contribute to the demand for vehicles with advanced features. Actuators play a critical role in enabling these features, influencing the purchasing decisions of consumers. Additionally, demographics, such as an aging population, drive the demand for vehicles with enhanced safety features, further boosting the market for actuators that cater to these requirements.
Supply chain dynamics also impact the Automotive Actuators Market. The availability of raw materials, manufacturing capabilities, and distribution networks influence the production and pricing of actuators. Disruptions in the supply chain, as witnessed during global events like the COVID-19 pandemic, can lead to temporary challenges in the market. Manufacturers need to adapt and strategize to ensure a resilient supply chain, mitigating potential risks that may affect the availability of actuators.
Lastly, competitive forces within the Automotive Actuators Market contribute to its dynamics. The presence of numerous players, ranging from established companies to new entrants, fosters competition and innovation. Companies strive to differentiate themselves by developing cutting-edge technologies and providing cost-effective solutions. This competitive landscape not only fuels innovation but also influences pricing strategies, thereby shaping the overall market dynamics.
In conclusion, the Automotive Actuators Market is subject to a diverse array of market factors that collectively define its trajectory. From technological advancements and regulatory standards to economic conditions and consumer preferences, these factors interplay to shape the demand, supply, and overall landscape of the market. Navigating these influences is essential for industry stakeholders to stay agile and capitalize on emerging opportunities within the dynamic Automotive Actuators Market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, End User |
Automotive Actuators Market Highlights:
Global Automotive Actuators Market Overview
The Automotive Actuators Market will see substantial growth at a rate of 7% from 2022 to 2030. The market size shall go from USD 22.8 billion in 2019 to USD 40 billion in 2030.
Any source of energy in the vehicle can be converted into motion by the actuator, a mechanical component. It is a machine that takes energy produced by air, electricity, and liquid and transforms it into movement. From the ailerons on airplanes to the electric door locks in cars, actuators are everywhere. Actuators are used in industrial plants to control valves, fluid couplings, dampers, and other equipment for industrial process control. The central control unit's electrical signals are transformed into physical action by actuators. By controlling the engine's flywheel rotation, idle speed, and torque, the performance and engine efficiency of the vehicle are improved.
There are three different kinds of automotive actuators: hydraulic, electric, and pneumatic. In a hydraulic actuator, a fluid motor uses hydraulic power to carry out a mechanical action. Motion is produced either in an oscillatory, linear, or rotating fashion. The capacity to convert energy makes pneumatic actuators very popular. It promotes its use in engine controls because it transforms compressed air energy into linear motion. During this time, pneumatic actuators are employed in engine control to instantly fire operations; the system must react rapidly when beginning and stopping. The market for automotive actuators should also benefit from the surge in consumer demand for fuel-efficient vehicles.
Automotive Actuators Market Driver
Automotive Actuators Market to Thrive Thanks to Surge in R&D
Research & Development to foster forthcoming innovations in the production of enhanced Automotive actuators. Research and development play a vital role in triggering innovation in the Automotive Actuators Market. This is a crucial factor that is expected to influence the Automotive Actuators Marke in the coming years, which could bring innovations in product offerings.
The European Czech Republic witnessed a similar incident when Eaton European Innovation Centre was awarded a $1.5 million grant from the Technology Agency of the Czech Republic. The project focuses on improving engine energy efficiency by building an advanced cylinder deactivation system, for which an electro-mechanical actuator would be developed along with other necessary hardware. The project would expand my expertise and knowledge in electro-mechanical actuator design and control. Moreover, the emergence of self-driven cars proliferates automotive actuator demand. Globally recognized automotive manufacturers such as GM, Ford, Toyota, Daimler, and others are moving towards automated and self-driven technology to offer ease and advancements in driving. Automotive actuators and sensors are widely used for the production of self-driven automated cars, owing to which the demand for automotive actuators is expected to grow significantly.
Sales of Passenger and Commercial Vehicles to Surge
The OEMs have made interiors one of their key priority areas in order to increase passenger safety and comfort as passenger and commercial vehicle sales continue to increase. Actuators have drawn a lot of attention as a result of this attempt to make seats more intelligent and pleasant.
For altering lumbar support systems, seat positions, angles, and seat track actuators, seats use actuators. There are many different kinds of car seat adjustment actuators on the market, including, among others, geared motors for reclining adjustment, double output shafts for track drives, and linear actuators for height and tilt adjustments.
The market can anticipate remarkable growth backed by the rise in the sales of SUVs and high-end automobiles on a global scale. To improve the experience of passengers, the OEMs have been implementing electronic systems to regulate practically every aspect of an automobile.
Automotive Actuators Market Segment Insights:
Automotive Actuators Type Insights
Pneumatic Actuators, Hydraulic Actuators, Electric Actuators, and Mechanical Actuators are the major automotive actuator types considered in the study. The market leader is the automobile hydraulic actuator segment. In order to increase the comfort and safety of heavy-duty vehicles, OEMs are placing a lot of emphasis on hydraulic actuators. To deliver tonnes of sand at construction sites, for instance, a truck must lift a huge load. The steering wheel-controlled oil flow from a hydraulic motor also assists in directing the wheels when they change direction.
Automotive Actuators End-User Insights
Automotive, Oil & Gas, Aerospace & Défense, Pharmaceutical, Power, Food & Beverages, Chemicals, Water & Wastewater, and Mining & Metals are the major market end-users. The largest end-user in the market is the automotive industry. Government regulations for vehicle emissions, a growth in demand for fuel-efficient cars, and a growing emphasis on downsizing vehicle engines are the main factors driving the automotive actuators industry. The rise of the automotive sector, technical developments, and an increase in traffic accidents contribute to the market's expansion.
Automotive Actuators Market Regional Insights
The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
The Asia-Pacific has taken precedent over the worldwide industry, with countries like China, Japan, and India moving towards becoming manufacturing centres for automotive components and supplying nations like the United States and Germany. The market is being driven by rising sales of both personal and business vehicles.
Limon Precision & Speed, Nutork Actuators & Valves, Brose, HELLA China, Mitsubishi, Changzhou, and Shengjie Electronic Co. are some of the most affluent players in China. Miniature electronic actuators, which assist the headlights in tracking and illuminating the road while moving, are the most recent innovation in the Chinese market. Many high-end models come with this feature.
The European market for automotive actuators will expand backed by the rising R&D efforts and a thriving automotive industry. The need for autonomous and semi-autonomous vehicles, as well as the expanding technology advancements in the German automotive sector, will further fuel market growth. The technologically advanced automotive industry in North America, in conjunction with the participation of significant market participants, favours the region's growth and expansion of the need for automotive actuators. Over the anticipated term, demand will only expand somewhat in the remainder of the world.
Automotive Actuators Market Players & Competitive Insights
Automotive actuators are produced by numerous regional, national, and worldwide companies. Every business is vying for the highest market share in this fiercely competitive sector. Intense competition, frequent changes in legislation and government regulations, as well as other factors, have a significant impact on the market's expansion. Price, product quality, dependability, and aftermarket services are the factors on which the vendors compete.
The top players active in the global market recognized by MRFR include Aptiv PLC (U.S.), Hella KGaA Hueck & Co. (Germany), Continental AG (Germany), Robert Bosch GmbH (Germany), Denso Corporation (Japan), and Stoneridge Inc. (U.S.). Wabco Holdings Inc. (Belgium), Nidec Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Sonceboz SA (Switzerland), etc.
Automotive Actuators Market Segmentation
Global Automotive Actuators Market, By Type
- Pneumatic Actuators
- Hydraulic Actuators
- Electric Actuators
- Mechanical Actuators
Global Automotive Actuators Market, By End-User
- Automotive
- Oil & Gas
- Aerospace & defence
- Pharmaceutical
- Power
- Food & Beverages
- Chemicals
- Water & Wastewater
- Mining & Metals
Automotive Actuators Market Regional Outlook
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
-
Middle East & Africa
-
South America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
