Global Automotive Actuators Market Is Growing With A CAGR Of 6.6% By 2030

Global Automotive Actuators Industry Outlook in 2022 and Beyond

The Automotive Actuators industry is looking forward to 2021 with a sense of optimism. In 2020, Automotive Actuators sales recovered in the last quarter to salvage lost momentum during March-April 2020. And, as vaccine rollout gains momentum, most automakers are hoping for better performance in 2021.

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Global Aerospace Floor Panel Market Segments

By Product :

Waste Gate Actuator
VGT Actuator
Throttle Actuator
Brake Actuator
EGR Actuator
Power Seat Actuator
Grille Shutter
HVAC Actuator
Headlamp Actuator
Others (Quick Attach, Hood Lift, etc.)

By Vehicle :

Passenger Vehicles
Commercial Vehicles
Heavy Commercial Vehicles
By Working :
Pneumatic
Hydraulic
Electromagnetic
Gear Motors or Electric
By Sales Channel :
OEM
Aftermarket

By Region :

North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)

US Automotive Actuators Industry Set to Recover in 2022

In 2020, US Automotive Actuators sales were to the tune of 17.1 million. The outbreak of COVID-19 in early 2020, and subsequent shutdown created apprehensions that 2020 may be the worst year for US auto industry since Great Depression.

However, Automotive Actuators sales climbed back slowly in US, partly helped by a quick shift to online sales. Many US automakers are now investing highly in online sales channel, with 2021 expected to witness high online sales.

As per early success of vaccine inoculation and consumer receptivity toward online sales, it is highly likely that 2021 will be a better year for sales. Total Automotive Actuators sales in US are likely to be in the range of 15.5 million to 16 million.

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Europe Automotive Actuators Market Players Can Benefit from Foreign Exports

The Europe automobile market is also likely to witness a recovery in 2021. The European Automobile Manufacturers' Association is hoping for a 10% increase in sales.

As is the case in US, European auto industry is hoping that vaccine inoculation brings the pandemic under control. Many countries in Europe have witnessed severe waves of COVID-19 pandemic, and are now in recovery phase.

While the domestic Automotive Actuators demand is likely to recover at a steady pace in Europe, exports to China, Latin America, and Asia Pacific are likely to induce momentum for European auto companies.

Competitive Landscape: Top Companies in Aerospace Floor Panel Market

Fact.MR profiled the following key automotive actuator manufacturers in its report are, Delphi Automotive, Mitsubishi Corporation, Denso Corporation, Robert Bosch GmBH, Continental AG, HELLA GmBH & Co. KGaA, Johnson Electric Holdings Limited, CTS Corporation, CVEL Automotive electronics, Hitachi Ltd., Dover Flexo Electronics, Inc., Tolomatic Inc., Kenko E Motion And Actuators and Creative Motion Control are identified as key players manufacturing automotive actuators.

To increase the adoption across the lucrative areas, the above mentioned companies' uses a combination of organic & inorganic methodologies, in addition to partnerships and collaborations with prominent end use verticals such as automotive manufacturers.

Some of the key developments are:

In 2022, Continental AG had partnership with Arkamys to improve the audio solutions in vehicles where continental sound type of automotive actuators were installed in a demo vehicle firstly fortified with conventional commodity speakers.
In 2021, Continental AG and Sennheiser had launched speaker less audio system for the interior of vehicles, where Sennheiser titles to make an immersive audio with the help of automotive actuators inside the vehicle to produce sound.
In 2019, HELLA GmbH & Co. KGaA extended its electronics capability in the area of distinctive applications. The company expanded its portfolio ranging from sensors, energy management and automotive actuators through body electronics right up to assisting the driver systems.
Similarly, recent developments by top providers of automotive actuators have been tracked by the team at Fact.MR, which are available in the detailed report.

China will Further its Lead as World's Largest Automotive Actuators Market

The Automotive Actuators industry in China represents the brightest optimism for any country globally. The pandemic recovery in China is at an advanced stage as compared to western countries. Further, the government in China is focusing on a massive infrastructure push, which is likely to help automakers exporting their wares to China.

China is the only major economy to have grown in 2020, and country's China Association of Automobile Manufacturers is forecasting 26 million sales in 2021. Volkswagen Group and General Motors are likely to maintain their position as the country's largest foreign automakers.

China is the world's largest automobile market, and going by the economic scenario and COVID-19 recovery, the country is likely to remain at numero uno position in the future as well.

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Indian Automotive Actuators Outlook Subdued by COVID-19 Resurgence

The Indian automobile industry is beset with challenges arising due to a nation-wide second wave of COVID-19 epidemic. Things were looking up for the Indian automobile industry, however, lockdown measure to contain a more virulent COVID-19 can dent overall sales in 2021.

The localized restrictions imposed by governments can have an impact on dealership activity, logistics, and in-showroom consumer visits. Also, it is anticipated that India may have to brace up for further waves of COVID-19, which can dent consumer sentiment.

Key Long-term Trends

Overall, the Automotive Actuators industry is looking for a recovery year in 2021. While China is anticipated to take the lead, healthy recovery in US and Europe markets will create necessary impetus. Amidst the recovery phase, there will be some mega trends and some subtle trends that will have a bearing on Automotive Actuators market in the long run. These include,

Automotive Actuators digital retail

Automotive Actuators digital retail will make further inroads in 2021. As localized restrictions and consumer discretion increase due to COVID-19, more consumers are opening up to the idea of online automobile purchase. This trend is likely to become stronger in 2021, especially in US and Western Europe

Further gains in connected and autonomous cars

Connected and autonomous cars may have lost some of their momentum in 2020, but their long-term forecast remains bullish. Automakers are increasingly aware of the white space Silicon Valley giants are eyeing. In the long run, an increase in proprietary software of partnership with tech companies will be in the offing.

Electric vehicle sales will continue unabated

The sales of electric vehicles have grown from strength to strength, dispelling the skepticism and early apprehensions. The focus now is on developing a scalable production model and enough charging stations so consumers are confident of investing in the technology of tomorrow.

For More Insights- https://www.prnewswire.com/news-releases/aircraft-cleaning-chemicals-manufacturers-in-holding-pattern-as-uncertainty-prevails-factmr-study-301213237.html

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