Automotive Actuators Market By Vehicle Type(Heavy Commercial, Light Commercial, Passenger Cars), By Application (Brake Actuator, Fuel Injection Actuator, Throttle Actuator, Power Seat Actuator) By Product Type (Hydraulic Actuator, Pneumatic Actuator, Electric Actuator).
GLOBAL AUTOMOTIVE ACTUATORS MARKET was valued at USD 14.3 Billion in the year 2017. Global Automotive Actuators Market is further estimated to grow at a CAGR of 7.85% from 2018 to reach USD 22.5 Billion by the year 2023.
Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.
Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Delphi Technologies (U.K.), Nidec Corporation (Japan), Borgwarner Inc. (U.S.), Johnson Electric (Hong Kong), Hitachi, Ltd.
(Japan), APC International, Ltd. (U.S.), Denso Corporation (Japan), CTS Corporation (U.S.), are some of the key players in the Global Automotive Actuators market.
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Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Increasing demand in the automotive sector
Complexity in the configuration of components
Government initiatives for Eco-friendly vehicles
Availability of skilled labor & high cost
The major shares of the market come from Passenger cars type in Global Automotive Actuators Market. On the other hand, Electric actuators, by product for this market is expected to grow at highest CAGR during the year 2018-2023.
As there is implementation in fuel-efficient vehicles for an eco-friendly environment.
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Key Benefits for Stakeholders
Automotive Actuators Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Vehicle Type
By Product Type
By Application Type
Fuel Injection Actuator
Power Seat Actuator
Key Market Players
Mitsubishi Electric Corporation
Robert Bosch GmbH
Johnson Electric Holdings Limited
APC International, Ltd.
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