Global Automotive Actuators Market Production, Trends, Price, Revenue, Share, Growth and Forecast Until 2022

Automotive actuators help in converting any form of energy, especially electrical into motion. Manufacturers are shifting from traditional electric actuator technology to developing automated system. Actuator manufacturers are also focusing on developing smart actuators facilitating reliability, fuel efficiency and cost-efficiency. Actuator design is also becoming an important part as compact design provides better performance, less consumption of power, etc. This Fact.MR report discusses key prospects for growth of global automotive actuators market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

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Scope

The scope of the report is to analyze the global automotive actuators market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive actuators manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

In a bid to keep readers up-to-date on the latest developments in the global automotive actuators market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.

Considering the wide scope of the global automotive actuators market, the report by Fact.MR offers in-depth and segment-wise analysis and forecast. The global automotive actuators market is segmented on the basis of product type, vehicle type, and region. This segmentation also provides detailed country-wise forecast on all the key parameters of the market.

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Forecast Highlights on Global Automotive Actuators Market

1- Asia-Pacific Excluding Japan (APEJ) is likely to emerge as the dominating market in the global automotive actuators market. Witnessing a robust growth, APEJ is estimated to exceed US$ 7,300 million revenue by the end of 2022. Stringent regulations on emission and fuel consumption in the automobile industry in various countries in APEJ are driving the growth of automotive actuators in the region. Meanwhile, Japan is also moving towards becoming a hub for automotive component manufacturing.

2- Europe and North America are also likely to emerge as the lucrative markets for automotive actuators. Owing to the rising environmental concerns and the fast adoption of innovative technologies are some of the factors contributing to the growth of automotive actuators in Europe and North America.

3- The waste-gate actuator is likely to be one of the most lucrative products in the global automotive actuators market. By the end of 2022, waste-gate actuators are estimated to surpass US$ 3,300 million revenue. Meanwhile, power seat actuators are also anticipated to witness steady growth during the forecast period.

4- Compact passenger cars are expected to be the largest users of the automotive actuators. Witnessing the strong growth during 2017-2022, compact passenger cars are estimated to create an incremental opportunity of more than US$ 1,300 million between 2017 and 2022. Although, mid-sized passenger cars are also expected to witness steady growth during the forecast period.

Competition Tracking

The report provides a detailed profile of key players that are anticipated to be active in the global automotive actuators market by 2022 end, which include Robert Bosch GmbH, Continental AG, Denso Corporation, Mahle Group, Hitachi Ltd, Mitsubishi Heavy Industries Ltd, Nidec Corporation, Delphi Automotive PLC, and Johnson Electric Holdings Limited.

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About Fact.MR

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This release was published on openPR.