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Global Automotive Actuators Market on Track to Reach US$ 40.93 Billion by 2030 ⅼ Forecast (2024 - 2030) ⅼ Renub Research

02-23-2024 07:46 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Renub Research

Global Automotive Actuators Market on Track to Reach US$ 40.93

Renub Research has released a report titled "Global Automotive Actuators Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market percentage records and a thorough enterprise analysis. This report examines the Global Automotive Actuators Market's competition, geographic distribution, and growth potential.

Global Automotive Actuators Market is predicted to extend at a CAGR of 6.71% from 2024 to 2030. Automotive actuators are pivotal in the vehicle enterprise, serving as crucial components that translate digital signals into mechanical movement. They manipulate crucial features like engine performance, fuel injection, braking, and door-locking systems. The precision and efficiency of actuators directly impact vehicle safety, overall performance, and universal functionality. In contemporary motors, electronic management structures depend heavily on actuators to optimize fuel performance, lessen emissions, and enhance the usual driving experience. As technology advances, actuators remain essential for imposing innovative features, including advanced driving assistance structures (ADAS) and electrification, making them necessary for the evolving automobile landscape.

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The automobile actuators market is gearing up for an exciting trajectory driven by technological improvements and changing industry dynamics. The Electric Vehicle (EV) market surge presents new actuation wishes, requiring electric actuators for throttle control, braking, and temperature management. Simultaneously, automakers' emphasis on comfort functions like automatic weather control, power windows, and sunroofs fuels the market boom, aligning with client preferences. Also, the growing automation trend in cars, such as self-parking and automatic door openings, propels the demand for reliable and precise actuators. Hence, the Global Automotive Actuators Market will be valued at around US$ 40.93 billion by 2030.

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Besides, the North American automotive actuators market prospers on a sturdy production base, regionally-pushed demand, and enormous R&D investments, fuelling continuous innovation. Stringent safety regulations emphasize premium actuators for critical automobile functions, ensuring reliability. The future guarantees technological leaps, with related vehicles integrating into smart infrastructure and miniaturized, multifunctional actuators enhancing performance. Sustainability will play a key position, waiting for actuators crafted from recycled materials, powered sustainably, and designed for clean recycling, aligning with a responsible, circular economic system in the car industry.

The shift in the direction of electric and hybrid cars propels the growth of electric actuators in the worldwide automotive market.

Unlike conventional mechanical actuators, electric actuators provide precise control, electricity efficiency, and flexibility to numerous features like throttle control, braking, and battery temperature control in electric automobiles. With the accelerating adoption of international electric powertrains, the need for electric actuators rises, reflecting the car industry's commitment to sustainability and performance. The ongoing improvement of electric actuator technology aligns with the transformative trends in the automotive landscape, making it a key driving force in the increasingly global automotive actuators market.

Actuator types - Global Automotive Actuators Market breakup in 3 viewpoints:

1. Hydraulic Actuator
2. Pneumatic Actuator
3. Electric Actuator

The increase of light commercial vehicles (LCVs) in the global automotive actuators market is fueled by burgeoning e-commerce and last-mile transport demands.

LCVs, used appreciably for goods transportation, increasingly include advanced technologies, necessitating several actuators for functions, door locking systems, braking, and guidance. As the demand for efficient and dependable commercial vehicles rises globally, specifically in increasing urban regions, the need for actuators to enhance performance and protection in LCVs becomes pivotal. This trend aligns with the evolving logistics landscape, where the versatility and flexibility of actuators play a vital function in meeting the needs of a developing industrial transportation quarter.

Vehicle types - Global Automotive Actuators Market breakup in 3 viewpoints:

1. Passenger Cars
2. Light Commercial Vehicles
3. Heavy Commercial Vehicles

A heightened emphasis on motive force and passenger comfort drives the seat adjustment actuator's prominence in the worldwide automotive market.

The demand for versatile and precise seat adjustment mechanisms has surged as motors comprise more advanced functions. The actuator helps customize seating positions, enhancing ergonomics and essential driving experience. Further, as automotive interiors become more automatic and technologically sophisticated, seat adjustment actuators play a crucial role in imparting personalized consolation, contributing to the market's boom. This trend aligns with the automobile enterprise's cognizance of improving consumer enjoyment and protection, making seat adjustment actuators indispensable components in the evolving automobile panorama.

Application - Global Automotive Actuators Market breakup in 5 viewpoints:

1. Throttle Actuator
2. Seat Adjustment Actuator
3. Break Actuators
4. Closer Actuators
5. Others

A potent concoction of internal and external factors drives China's ascent in the global automotive actuators market.
China, the sector's leading car manufacturer with 26.08 million cars in 2022, drives a massive demand for actuators across conventional and electric automobiles. Government incentives, particularly in the electric vehicle quarter, intensify the need for specialized actuators. China's car sector embraces automation and Advanced Driver-Assistance Systems (ADAS), necessitating high-precision actuators for adaptive cruise control and lane departure caution. With cost-effective manufacturing, China has become an impressive international force in the actuator market, propelled by home innovation, a burgeoning middle-class driving demand, and seamless integration into global delivery chains, cementing its competitive edge on the global level.

Country - Global Automotive Actuators Market breakup in 21 viewpoints:

1. United States
2. Canada
3. Germany
4. United Kingdom
5. France
6. Italy
7. Spain
8. Switzerland
9. Japan
10. China
11. India
12. Australia
13. South Korea
14. Indonesia
15. Mexico
16. Brazil
17. Argentina
18. South Africa
19. Saudi Arabia
20. United Arab Emirates
21. Rest of world

Competitive Landscape.

In the global automotive actuators market, the leading companies are Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric, Mitsubishi Electric Corporation, CTS Corporation, Hitachi Ltd, Aptiv PLC, and BorgWarner Inc.

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue Analysis

Company Analysis:

1. Robert Bosch GmbH
2. Nidec Corporation
3. Denso Corporation
4. Johnson Electric
5. Mitsubishi Electric Corporation
6. CTS Corporation
7. Hitachi Ltd
8. Aptiv PLC
9. BorgWarner Inc

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About the Company:

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Contact Us:

Renub Research
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

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