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Growing demand for engine downsizing and fuel efficient vehicles is set to drive the automotive actuators market.
The global automotive actuators market is estimated to be USD 14.16 billion in 2017 and is projected to reach USD 20.33 billion by 2022, at a CAGR of 7.49%. Engine downsizing reduces carbon emissions and automotive weight and also improves the vehicle performance by improving fuel economy. The increasing demand for fuelefficient vehicles, due to government norms, and rising fuel prices further drive the automotive actuators market.
Grille shutter actuator: The fastest growing segment in the automotive actuators market, by product type.
The grille shutter actuator is estimated to be the fastest growing market of the automotive actuators market, by product type. These actuators improve the drag coefficient and optimize engine cooling and heating for reducing CO2 emissions. Thus, the growing demand for fuel efficient vehicles is driving the market for grille shutter actuators.
Passenger cars: The fastest growing segment in the automotive actuators market.
The passenger cars segment is expected be the fastest growing segment in the automotive actuators market, by vehicle type. This can be attributed to the introduction of various advanced automated systems such as operating windows, seat adjustments, and headlights in passenger cars. These features have spurred the growth of the automotive actuators market for passenger cars.
AsiaPacific: The fastest growing region in the automotive actuators market.
The AsiaPacific market is estimated to dominate the automotive actuators market and is projected to grow at the highest CAGR during the forecast period. The market growth in this region can be attributed to the improving socioeconomic conditions in emerging economies such as China and India. Increasing demand for electric vehicles has also driven the automotive actuators market in the region.
The study contains insights of various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The breakup of the primaries is as follows:
By Company Type Tier 45% Tier 2 35%, Others 20%
By Designation C level 35%, D level 25%, Others 40%
By Region North America 37%, Europe 28%, AsiaPacific 23%, RoW 12%
Major players profiled in the report are:
Hitachi, Ltd. Japan
Robert Bosch GmbH Germany
Continental AG Germany
Denso Corporation Japan
Mitsubishi Electric Corporation Japan
Delphi Automotive PLC U.K.
Nidec Corporation Japan
Wabco Holdings Inc. Belgium
Johnson Electric Holdings Limited Hong Kong
Stoneridge Inc. U.S.
The report segments the automotive actuators market and forecasts its size, by volume and value, on the basis of region AsiaPacific, Europe, North America, and RoW, product type Quick Attach Actuator, Hood Lift Actuator, Grille Shutter Actuator, Piezoelectric Actuator, Wastegate Actuator, VGT Actuator, Power Seat Actuator, EGR Actuator, Headlamp Actuator, HVAC Actuator, Throttle Actuator, and Brake Actuator, application type Engine, Body control and Interior, and Exterior, electric vehicle type BEV, HEV, PHEV, and FCEV, vehicle type passenger cars, commercial vehicles, and electric vehicles, and vehicle segment type onHighway and offHighway.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the global automotive actuators market. Apart from analyzing the quantitative aspects of these markets, the report also covers qualitative aspects.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall automotive actuators market and their subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable gotomarket strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Original Article: Automotive Actuators Market by Vehicle, Application, OffHighway Vehicles, Electric Vehicle, Product Wastegate, VGT, Throttle, Brake, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, and Piezoelectric, and Region Global forecast to 2022 [Report Updated: 0NEXT ARTICLE
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