Automotive Actuators Market 2017: by Manufacturers, Types, Regions and Application Research Report Forecast to 2022
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According to a study by Fact.MR, the global market for automotive actuators is expected to experience healthy growth. The market is projected to reach US$ 19,801.6 million value by 2022 end. The rise in automotive industry across the globe is driving the development of innovative components used in vehicles. Automotive actuators are also witnessing increased demand due to the ability to offer maximum speed, reduce fuel consumption, etc.
3 Forecast Highlights on Global Automotive Actuators Market
1. Asia-Pacific Excluding Japan (APEJ) is likely to emerge as the dominating market in the global automotive actuators market. Witnessing a robust growth, APEJ is estimated to exceed US$ 7,300 million revenue by the end of 2022. Stringent regulations on emission and fuel consumption in the automobile industry in various countries in APEJ are driving the growth of automotive actuators in the region. Meanwhile, Japan is also moving towards becoming a hub for automotive component manufacturing.
2. Europe and North America are also likely to emerge as the lucrative markets for automotive actuators. Owing to the rising environmental concerns and the fast adoption of innovative technologies are some of the factors contributing to the growth of automotive actuators in Europe and North America.
3. The waste-gate actuator is likely to be one of the most lucrative products in the global automotive actuators market. By the end of 2022, waste-gate actuators are estimated to surpass US$ 3,300 million revenue. Meanwhile, power seat actuators are also anticipated to witness steady growth during the forecast period.
APEJ to Dominate the Global Market for Automotive Actuators
APEJ is expected to remain dominant in the global market for automotive actuators. The region is expected to experience healthy growth throughout the forecast period. Various countries in APEJ such as China and India are seeing a robust growth as the automotive component manufacturers are using advanced technologies. Moreover, the government is also imposing regulations on emission and on consumption of fuel by the automotive industry. On the other hand, North America and Europe will also witness growth due to increasing adoption of advanced technologies in the manufacturing process of actuators for vehicles.
Compact Passenger Cars to Witness Healthy Growth
Among all the other type of vehicles, compact passenger cars are expected to use automotive actuators on a large-scale. Towards 2022 end, compact passenger cars are projected to surpass US$ 4,600 million revenue. Meanwhile, mid-sized passenger cars are also likely to be the second largest users of the automotive actuators.
Waste-Gate Actuator- Top-Selling Product
Compared to all the other automotive actuator products, a waste-gate actuator is expected to emerge as one of the highest selling automotive actuators. The waste-gate actuator is anticipated to experience impressive growth. Waste-gate actuator is also projected to create more than US$ 900 million incremental opportunity during 2017-2022.
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Table of Content:
1. Global Automotive Actuators Market – Executive Summary
2. Global Automotive Actuators Market Overview
2.1.1. Global Automotive Actuators Market Taxonomy
2.1.2. Global Automotive Actuators Market Definition
2.2. Global Automotive Actuators Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Actuators Market Y-o-Y Growth
2.3. Global Automotive Actuators Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Product Life Cycle Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Automotive Actuators Market Analysis and Forecast By Product Type
3.1. Global Automotive Actuators Market Size and Forecast By Product Type, 2012-2022
3.1.1. Waste-gate Actuator Market Size and Forecast, 2012-2022
126.96.36.199. Revenue (US$ Mn) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
3.1.2. VGT Actuator Market Size and Forecast, 2012-2022
220.127.116.11. Revenue (US$ Mn) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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