Automotive Actuators Industry By Product Type (Hydraulic Actuator, Pneumatic Actuator, Electric Actuator), and By Application (Brake Actuator, Fuel Injection Actuator, Throttle Actuator, Power Seat Actuator) - Global Market Size Analysis and Forecast 2019-2025. Global Automotive Actuators Industry was valued at USD 14.3 Billion in the year 2017. Global Automotive Actuators Industry is further estimated to grow at a CAGR of 7.85% from 2018 to reach USD 26.17 Billion by the year 2025.
Asia-Pacific region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, China is projected to grow strongly in the coming years.
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Major market players in Automotive Actuators Industry are 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 and other 10 more companies detailed information is provided in research report. 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.
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SWOT Analysis of Automotive Actuators Industry:
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 Industry come from Passenger cars type in Global Automotive Actuators Industry. On the other hand, Electric actuators, by product for this Industry is expected to grow at highest CAGR during the year 2018-2025.
As there is implementation in fuel-efficient vehicles for an eco-friendly environment.
Automotive Actuators Industry Segmentation:
By Product Type
- • Hydraulic Actuator
- • Pneumatic Actuator
- • Electric Actuator
By Application Type
- • Brake Actuator
- • Fuel Injection Actuator
- • Throttle Actuator
- • Power Seat Actuator
- • Others
By Vehicle Type
- • Heavy Commercial
- • Light Commercial
- • Passenger Cars
- • USA
- • Canada
- • Germany
- • U.K.
- • France
- • Italy
- • Rest of Europe
- • China
- • India
- • Japan
- • Rest of Asia-Pacific
- • Latin America
- • Middle East & Africa
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