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Automotive actuators market expected reach US$ 22.5 billion by 2023 made available by top research firm

Automotive and Transportation Market Research

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 Make an Inquiry about this news 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.

Drivers:

            Increasing demand in the automotive sector

Restraints:

             Complexity in the configuration of components

Opportunities:

             Government initiatives for Eco-friendly vehicles 

Challenges:

             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

End-use industries

Regulatory bodies, policy actors, and consumers.

By Vehicle Type

Heavy Commercial

Light Commercial

Passenger Cars

By Product Type

Hydraulic Actuator

Pneumatic Actuator

Electric Actuator

By Application Type

Brake Actuator

Fuel Injection Actuator

Throttle Actuator

Power Seat Actuator

Others

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Continental AG

Mitsubishi Electric Corporation

Robert Bosch GmbH

Delphi Technologies

Nidec Corporation

Borgwarner Inc.

Johnson Electric Holdings Limited

Hitachi, Ltd.

APC International, Ltd.

Denso Corporation

CTS Corporation

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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