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Global Automotive Actuators Market Is Growing With A CAGR Of 6.6% During 2022-2032

06-28-2022 03:19 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

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

The global automotive actuators market was valued at ~US$65.8 Bn at the end of 2019 and is anticipated to surpass US$109.4 Bn during the forecast period 2020-2030. The COVID-19 pandemic has led the automotive market towards a major slowdown worldwide. The sales of automotive actuators have plummeted with the shutdown of production facilities in leading automotive markets of Europe and Asia, thus posing major challenges to the players operating in automotive market. To overcome this situation, the manufacturers are focusing on research and development to form integrated braking systems which will ensure engine efficiency as well as fuel efficiency. This is anticipated to drive sales of brake actuators during the forecast period. Furthermore, the global demand for automotive actuators will surge by the end of 2020 as they are utilized in number of applications where machineries are involved.

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Key Takeaways of Automotive Actuators Market
Under the impact of Covid-19, global automotive actuators market is expected to create an absolute $ opportunity of more than ~US$ 44.5 and is anticipated to expand 1.7X from 2020 through 2030
VGT actuator is projected to grow at a value CAGR of 5.4% and is expected to be valued 2.9X more than EGR actuator by the end of 2020
APEJ region is anticipated to be the market leader in the global automotive actuator market by the 2030 end with more than 39% market share in terms of value
Aftermarket sales channel is projected to grow 1.6X faster than OEM sales channel and is anticipated to create an absolute $ opportunity of more than ~US$ 27.1 Bn during the forecast period
For critical insights on this market, request for custimization here-https://www.factmr.com/connectus/sample?flag=RC&rep_id=1889

Market Segments Covered in Automotive Actuator:

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)

Automotive Actuators Market by Application :

Agriculture & Forestry
Delivery & Logistics
Media & Entertainment
Construction & Mining
Oil & Gas
Security & Law Enforcement
Recreational Activity
Others

Automotive Actuators Market by Sales Channel :

OEMs
Aftermarket
Online Stores
Direct to Customer
Third-Party Online
Retail Stores
Specialty Stores
Franchised Outlets
Modern Trade
Others

Automotive Actuators Market by Region :

North America
Latin America
Europe
East Asia
South Asia and Oceania
Middle East & Africa

Competitive Landscape

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.

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After reading the In Automotive Actuators Market Report, readers can:

Understand the drivers, restraints, opportunities and trends affecting the growth of the global market.
Analyze key regions holding significant share of the total market revenue.
Study the growth outlook of the global market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the market growth.
Investigate the recent R&D projects performed by each market player

The In Automotive Actuators Market Report Highlights:

A detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
A new research report by Fact.MR offers the past, current and future scenario of In Automotive Actuators market across the globe. Key insights pertaining to various application areas of In Automotive Actuators has been included in this study that portray an overall standing of the market in terms of revenue generated at a global level. The report also profiles the business and product strategy of some of the leading players in the market.

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

For More Insights- https://www.prnewswire.com/news-releases/demand-for-industrial-gear-solutions-with-complex-designs-driving-gear-measuring-machines-market-factmr-301266718.html

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