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What is the Growth Rate of Automotive Actuator Market

06-19-2024 05:34 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Automotive Actuators Market

Automotive Actuators Market

The extensive online collection of Fact.MR has included a new research paper titled "Automotive Actuator Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2027." This study thoroughly examines the worldwide automotive actuator market to identify lucrative prospects found in various geographic regions. The global increase in car demand is the main cause of this trend. This study provides readers with important details about the global automotive actuator market, including the supply chain, Y-o-Y growth, forecast parameters, investment feasibility matrix, and Porter's Five Forces analysis.

Research Insights projects that the automotive actuators market will grow at a compound annual growth rate (CAGR) of 6.8% from 2018 to 2027. The remarkable expansion can be attributed in large part to the use of air conditioning systems. Additionally, it is anticipated that ongoing advancements in HVAC systems aimed at achieving the highest levels of efficiency will propel growth in a number of the top regional markets.

Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=297

Compact Passenger Cars Deliver Higher Sales for Automotive Actuators

Since compact passenger cars are identified as the major users of automotive actuators, the growing demand for these vehicles is having a direct effect on automotive actuator sales. Paying attention to the robust growth that is anticipated to occur over the evaluation period, compact passenger automobiles are probably going to offer an additional chance. It's interesting to note that in the next years, the worldwide automotive actuators market is expected to gain from the contribution of mid-sized passenger automobiles.

APEJ Emerges as Profitable Market Region

Upon close examination of the automotive actuators market by region, Asia-Pacific Excluding Japan (APEJ) is projected to emerge as the dominant market throughout the forecast period. According to the survey, the APEJ region is expected to generate more than US$ 12,500 million by the end of 2027. The target region's need for automotive actuators has been sparked by strict laws on fuel consumption and emissions, which is attributed to the rise that is anticipated.

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž: https://www.factmr.com/report/297/automotive-actuators-market

Revenue Share from Pneumatic Actuators Hit Extraordinary Levels

Since electric actuators or gear motors have the ability to offset the high operational and maintenance costs associated with hydraulic and pneumatic vehicle actuators, their demand has increased significantly. It's crucial to understand that by the end of 2027, pneumatic actuator sales are predicted to surpass those of electric actuators by a factor of two. Furthermore, sales of electromagnetic automobile actuators are expected to remain promising through 2027, despite the fact that revenues from these products are likely to stay rather modest.

Readers can obtain data points related to the competitive environment that is now in play throughout the global automotive actuators market as the report comes to a close. BorgWarner Inc., Aptiv Plc, Denso Corporation, CTS Corporation, Continental AG, and many more significant businesses are included in the study. We look at the company overview, SWOT analysis, major advancements, significant financials, and product overview of each of these market competitors. The comprehensive research report provides an insightful overview of the global automotive actuator market, including projected future trends and changes brought on by technical breakthroughs, market expansions, etc.

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)

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=297

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