According to a study by Fact.MR, the global market for automotive actuators is expected to experience healthy growth. The market is projected to reach US$ 19,801.6 million value by 2022 end.
The global market discussion on automotive actuators industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Automotive Actuators Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on automotive actuators market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.
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According to the report compiled by Fact.MR, the global automotive actuators market is likely to witness robust growth. The market is estimated to register 6.1% CAGR during the forecast period, 2017-2022. Owing to the better performance, consistency, and saving energy, actuators in the automotive industry are gaining a lot of traction. With increasing use in cars, manufacturers are also providing a new and improved form of actuators, thereby eliminating fluid leaks and improving energy efficiency. Mini electric actuators are also being used in automotive sensor system and advanced driver assistance system.
4 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.
The report has also profiled leading players in the global market for automotive actuators, which will remain active through 2022. These include companies such as Continental AG, Robert Bosch GmbH, Mahle Group, Denso Corporation, Mitsubishi Heavy Industries Ltd, Delphi Automotive PLC, Hitachi Ltd, Johnson Electric Holdings Limited, and Nidec Corporation.
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Table of Contents:
- Global Automotive Actuators Market – Executive Summary
- Global Automotive Actuators Market Overview
2.1.1. Global Automotive Actuators Market Taxonomy
2.1.2. Global Automotive Actuators Market Definition
2.2. Global Automotive Actuators Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Actuators Market Y-o-Y Growth
2.3. Global Automotive Actuators Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Product Life Cycle Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
- Global Automotive Actuators Market Analysis and Forecast By Product Type
3.1. Global Automotive Actuators Market Size and Forecast By Product Type, 2012-2022
3.1.1. Waste-gate Actuator Market Size and Forecast, 2012-2022
220.127.116.11. Revenue (US$ Mn) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
3.1.2. VGT Actuator Market Size and Forecast, 2012-2022
126.96.36.199. Revenue (US$ Mn) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
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