Global Automotive Actuators Market

Global Automotive Actuators Market Size, Share, Growth Analysis, By Vehicle Type(Passenger Cars and Commercial Vehicle), By Application(Brake actuator, Seat adjustment actuator) - Industry Forecast 2024-2031

Report ID: SQMIG25A2162 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Global Automotive Actuators Market Regional Insights

The dominant region in the global automotive actuators market has traditionally been Europe. This is because Europe is home to several key automotive manufacturers and has a well-established automotive industry, driving the demand for automotive actuators.

In terms of the fastest-growing region, Asia-Pacific has been experiencing significant growth in recent years. The region has witnessed rapid industrialization, urbanization, and a rise in disposable income, leading to increased automotive production and demand. Additionally, countries like China, Japan, and South Korea have emerged as major automotive manufacturing hubs, contributing to the growth of the automotive actuators market in the Asia-Pacific region.

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Automotive Actuators Market size was valued at USD 18.6 Billion in 2021 and is poised to grow from USD 19.83 Billion in 2022 to USD 33.06 Billion by 2030, at a CAGR of 6.6% during the forecast period (2023-2030).

The market is highly competitive and fragmented in nature, with numerous players operating in the industry. These companies offer a wide range of automotive actuators, including electric, hydraulic, pneumatic, and mechanical actuators, among others. The market is driven by factors such as increasing vehicle production, rising demand for comfort and convenience features, and stringent government regulations related to emissions and fuel efficiency. 'Robert Bosch GmbH - Germany', 'Continental AG - Germany', 'Johnson Electric Holdings Limited - Hong Kong', 'Denso Corporation - Japan', 'Valeo SA - France', 'BorgWarner Inc. - US', 'Hitachi, Ltd. - Japan', 'Mitsubishi Electric Corporation - Japan', 'Hella GmbH & Co. KGaA - Germany', 'Aisin Seiki Co., Ltd. - Japan', 'Mahle GmbH - Germany', 'ZF Friedrichshafen AG - Germany', 'Nidec Corporation - Japan', 'WABCO Holdings Inc. - Belgium', 'Magna International Inc. - Canada', 'Rheinmetall Automotive AG - Germany', 'HELLA KGaA Hueck & Co. - Germany', 'Infineon Technologies AG - Germany', 'Mabuchi Motor Co., Ltd. - Japan', 'CTS Corporation - US'

Better Connectivity and Safety Features

Electrification and Autonomous Vehicles: The growing shift towards electrification and the development of autonomous vehicles are driving the demand for advanced actuators. Electric vehicles (EVs) require actuators for various functions, such as powertrain control, battery management, and HVAC systems. Autonomous vehicles rely heavily on actuators for steering, braking, and other critical functions.

The dominant region in the global automotive actuators market has traditionally been Europe. This is because Europe is home to several key automotive manufacturers and has a well-established automotive industry, driving the demand for automotive actuators.

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