Increasing Sales of Automatic Vehicles to Spur Demand of Actuators across Globe
MarketResearchReports.biz announced the addition of a new research report to its exhaustive database. The research report, titled “Actuator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”, has been collated using primary and secondary research methodologies. The study includes the impact of many factors that will augment or restrain the global actuator market. It also emphasizes the investment opportunities for the readers that could benefit their businesses in the coming years. For the sake of an in-depth understanding the research report has been segmented on the basis of type, vehicle, application, and geography. This breakdown offers a granular view for a clear picture of the scope of the global actuator market.
The global actuator market is expected to witness tremendous growth in the coming years due to development and commercialization of electric and automatic features in vehicles. Growing sales of automatic vehicles that run with the input provided by sensors, has triggered a mammoth demand for actuators. Engine downsizing due to stringent emission norms have also propelled the uptake of actuators in recent years. Furthermore, addition of performance boosters in vehicles has also prompted the usage of actuators to ensure top notch performance despite downsizing of engines. Initiatives taken by governments across the globe to encourage usage of electric vehicles to reduce pollution levels and carbon footprint are expected to work in favor of actuators market too.
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On the basis of application, the global actuator market is segmented into variable valve technology, turbochargers, brake system, coolant and refrigerant systems, active grill shutter, HVAC systems, and adaptive headlamps amongst others. Out of these, the adaptive headlamps application segment is expected to soar ahead of others. Adaptive headlamps are expected to become an integral part of all the vehicles in the near future. The HVAC segment also holds a promise of delivering high revenue due to their rising installations in vehicles. The HVAC systems require multiple actuators, which are expected to drive up the demand for the market during the forecast period.
From a geographic point of view, Asia Pacific is expected to dominate the global actuator market between 2017 and 2025. Growing production of vehicles in the emerging economies of Asia Pacific is expected to spike up the uptake of actuators in this region. Increasing income of overall population in this region is expected to propel vehicles sales, which in turn is expected to raise the demand for actuator market in Asia Pacific.
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Some of the leading players operating in the global actuator market are Hitachi Automotive Systems Ltd, Cebi International S.A., Actus Manufacturing, Inc., HELLA GmbH & Co. KGaA, Kiekert AG, HUSCO International, Johnson Electric, Mitsubishi Electric Corporation, MAHLE GmbH, Robert Bosch GmbH, WABCO, and Valeo. The research report profiles these players to evaluate the competitive landscape. It also assesses the expansion plans of these companies, their business and marketing strategies, and their mergers and acquisition intentions. The publication includes comments by market experts that highlight the upcoming trends and lucrative opportunities for the forecast period.
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