Press release
Automotive Actuators Market 2024 - Industry Size, Future Insights, Growth Drivers And Top Players
Automotive Actuators Market
As per the report, the automotive actuators market size has grown strongly in recent years. It will grow from $21.37 billion in 2023 to $22.60 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The automotive actuators market size is expected to see strong growth in the next few years. It will grow to $28.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=16347&type=smp
Electric Vehicle Fuels Automotive Actuators Market Growth
The growing demand for electric vehicles (EVs) is expected to propel the growth of the automotive actuators market going forward. Electric vehicles refer to vehicles that use electric motors for propulsion, with various components and systems tailored to maximize efficiency and performance. The demand for electric vehicles is rising due to technological advancements, increasing environmental concerns, and global efforts to reduce carbon emissions. Automotive actuators in electric vehicles serve as instrumental components for various functionalities, providing precise control over systems such as braking, steering, and thermal management, thereby enhancing the overall performance and safety of the vehicles. For instance, in July 2023, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of that year, a 25% increase from the same period last year. By the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, the growing demand for electric vehicles is driving the growth of the automotive actuators market.
Innovative Smart Actuators Revolutionize Electric Vehicle Performance
Major companies operating in the automotive actuators market are developing innovative products, such as smart actuators, to better serve customers with advanced features. Smart actuators are devices integrated with intelligent control systems, allowing precise management of various vehicle functions. For instance, in September 2023, Marelli Europe S.p.A., an Italy-based automotive industry company, launched a new smart actuator for transmission and thermal management in electric vehicles. This smart actuator offers advanced control and efficiency, helping to optimize the performance and energy consumption of electric vehicles. The new actuator includes features such as precise transmission control, efficient thermal management, and enhanced vehicle performance, designed to meet the evolving demands of the electric vehicle industry.
The automotive actuators market covered in this report is segmented -
1) By Type: Hydraulic Actuator, Electric Actuator, Pneumatic Actuator
2) By Vehicle: Passenger Vehicles, Commercial Vehicles, Others Vehicles Type
3) By Sales: Original Equipment Manufacturer (OEM), Aftermarket
4) By Application: Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closure Actuator, Other Applications
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=16347&type=discount
Major companies operating in the automotive actuators market are Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Valeo SA, Eaton Corporation, Nidec Corporation, Schaeffler AG, Infineon Technologies AG, Mahle GmbH, BorgWarner Inc., Hitachi Astemo Ltd., SKF AB, Hella GmbH & Co. KGaA, NSK Ltd., Mando Corporation, Nexteer Automotive, Johnson Electric Holdings Limited, Sonceboz SA , Delphi Technologies, Wabco Holdings Inc., EFI Automotive
Contents of the report:
1. Executive Summary
2. Automotive Actuators Market Report Structure
3. Automotive Actuators Market Trends And Strategies
4. Automotive Actuators Market - Macro Economic Scenario
5. Automotive Actuators Market Size And Growth
…..
27. Automotive Actuators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/automotive-actuators-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Actuators Market 2024 - Industry Size, Future Insights, Growth Drivers And Top Players here
News-ID: 3618925 • Views: …
More Releases from The Business research company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Actuator
Global Electric Actuator Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Electric Actuator market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The electric actuator market is experiencing significant growth, driven by increasing automation in various industries such as manufacturing, automotive,…
Growing Popularity Of Electric Vehicle Sales Propelling Actuator Market Growth: …
The Actuator Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Actuator Market Size During the Forecast Period?
Over the past few years, the actuator market has experienced significant growth. An increase from $58.91 billion in 2024 to $63.93 billion in 2025 is…
Key Linear Actuator Market Trend for 2025-2034: Advancements in Linear Actuator …
"What Is the Future Outlook for the Linear Actuator Market's Size and Growth Rate?
The linear actuator market will grow from $41.25 billion in 2024 to $44.87 billion in 2025, at a CAGR of 8.8%. Growth is driven by the increased automation in manufacturing, advancements in robotics, miniaturization of devices, and rising demand for electric vehicles.
The linear actuator market will grow to $58.72 billion by 2029, supported by automotive industry applications,…
Automotive Electric Actuator Market Industry Analysis - Automotive Electric Actu …
The most recent study offered by Acumen Research and Consulting focuses Automotive Electric Actuator Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Automotive Electric Actuator Market trends in order to assess its current and future potential. Our Automotive Electric Actuator Market analysis also provides market participants and new entrants…
Actuator Market Size & Trends
According to a new market research report published by Global Market Estimates, the Actuator Market is projected from an estimated USD 53.9 billion in 2022 to USD 86.6 billion by 2027, at a CAGR of 8.2%.
The market is expected to be driven market rising need for novel and cutting-edge actuators across a variety industry, rising demand in the healthcare industry and huge investment on infrastructure and facility…
Global Micro Actuator Market Research Report
This report studies the global Micro Actuator market status and forecast, categorizes the global Micro Actuator market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=71619
Table of Contents:
Table of Contents
Global Micro Actuator Market Research Report 2018
1 Micro Actuator Market Overview
1.1…
