Actuator Market: Analyzing Growth by focusing on Top Key Operating Vendors

Transparency Market Research (TMR) has predicted the global actuator market to steadily expand between 2017 and 2025. Recent advances upgrading technologies used in the automotive sector will offer impressive growth opportunities to the market. This, coupled with the increasing production of vehicles, will buoy growth for the global actuator market, finds TMR in a new study. The rising demand for automatic features in vehicles has kept the market players on their toes. With their focus on consolidating market shares, the leading names in the global actuators market are looking to expand their product portfolio. Besides this, several among them are engaging in strategic alliances with other prominent enterprises to gain a stronghold in the global actuator market.

In its study TMR has profiled companies such as Cebi International S.A., HUSCO International, Kiekert AG, Actus Manufacturing, Inc., Robert Bosch GmbH, and others. It studies in detail various strategies adopted by these companies to gain a competitive edge in the global actuator market. According to TMR, the market will exhibit a CAGR of over 7% between 2017 and 2025 in terms of volume. The market is likely to be facilitated by the rising demand for vehicles with automatic features. Against this backdrop, the market has gained immensely from the advent and the subsequent popularity of electric vehicles.

Looking for exclusive market insights from business experts? Request a Sample Report

global automotive actuator market
Regionally, Asia Pacific emerged dominant in the global actuator market on account of the presence of the several leading companies in the region. The expanding automotive industries in India, China, and Japan are forecast to fuel growth opportunities for the market in Asia Pacific. Besides this, the availability of cheap labors, declining import duties, and favorable government initiatives are expected to create lucrative prospects for the actuators market.

Strategies Adopted by Leading Automakers to Sustain Growth will Have Positive Influence

Automakers are running their business amidst cut-throat competition. At a time when consumers are spoilt with choices, several manufacturers are including automatic features to differentiate their products. This in turn gives scope for growth to the global actuator market. In the coming years the market is expected to gain from the rising use of electronic components in vehicles. Given the scenario, the rising disposable income of consumers will bode well for the actuators market. On the downside, the presence of certain stringent regulations is restraining the market to an extent. For instance, various governments strictly observe a few safety norms for vehicles that are projected to fuel the demand for actuators.

90 State Street, Suite 700 Albany, NY 12207

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

This release was published on openPR.