Automotive Actuators Market Size will be US$ 37.52 Billion by 2027

Automotive actuators are the type of transducers that convert energy into motion. The automotive actuators can control a range from a simple switch to high power hydraulic devices and valves in an automotive. They effectively manage different mechanisms in vehicles, such as applying breaks, controlling doors and lighting. Moreover, with advancements in technology, automotive actuators are being considered the backbone of reducing road fatalities. By application, automotive actuators are readily being used as throttle actuators, seat adjustment actuators, brake actuators, and closer actuators in numerous vehicle types such as light commercial vehicles, passenger vehicles, and heavy commercial vehicles. These vehicles are expected to install various actuators to enhance safety and comfort. According to the Renub Research, the Global Automotive Actuators Market was US$ 19.65 Billion in 2020.

automotive actuators market share by renub research

In addition, Hydraulic, Electric and Pneumatic are the by type variants in which the automotive actuators market has been classified. In recent years, globally, electric actuators have replaced hydraulic and pneumatic actuators due to lower noise emission, compact and lightweight design, and flexible installation alternatives. Comfort features have become a global requirement in the passenger vehicle, and OEMs are investing the best possible efforts to enhance the driving experience by installing various actuators. Furthermore, in light commercial vehicles, passenger vehicles, and heavy commercial vehicles, electric actuators are widely used in comfort-feature actuators such as window lift drive, power tailgate drive, seat drive, and sunroof drive, among others. Notwithstanding, the leading automotive actuators manufacturers such as Robert Bosch GmbH, Continental, and Johnson Electric provide electric actuators. As per our analysis, the Worldwide Automotive Actuators Industry is projected to grow at a CAGR of 9.68% in the 2020-2027 periods.

Geographically, the Global Automotive Actuators Market exists in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The availability of inexpensive labour and raw material in the Asia-Pacific and the increasing number of local manufacturers are expected to propel the market during the forecast period in the region. In addition, China, the world’s largest vehicle manufacturer, is expected to be a driving factor for this market in the Asia-Pacific region. Moreover, China’s potential to produce automotive components in large volumes at a lower cost provides it with a competitive edge over other countries. As per our estimation, the Global Automotive Actuators Market Size is projected to reach US$ 37.52 Billion by 2027.

Key players operating in the market comprise Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric and Mitsubishi Electric Corporation. These companies have strong distribution chains at a global level. Additionally, these companies offer an extensive product range in this market. These companies adopt new product developments, collaborations, and contracts & agreements to sustain their market position.

How has COVID-19 affected the market?

The current COVID-19 outbreak that has majorly impacted several countries has severely affected the automation industry. The global impact of COVID-19 has been unprecedented and staggering, with actuators witnessing a negative demand shock across all regions amid the pandemic. Moreover, the large companies are suffering significant losses due to the country-wise lockdown. Before the pandemic, investments in the automation sector have been slow and anticipated to be postponed or held for almost a year.

Renub Research latest report titled “Global Automotive Actuators Market by Actuator Types (Hydraulic Actuator, Electric Actuator and Pneumatic Actuator), Vehicle Types (Light Commercial Vehicle, Passenger Vehicle and Heavy Commercial Vehicle); Application (Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closer Actuator and Others), Region (North America, Europe, Asia Pacific, Middle East, Latin America & Africa), Company (Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric and Mitsubishi Electric Corporation)” provides a detailed analysis of Global Automotive Actuators Market.

Request a Free Sample Copy of the https://www.renub.com/request-sample-page.php?gturl=automotive-actuators-market-p.php

Actuator Types – Automotive Actuators Market has been covered from 3 viewpoints:

  1. Hydraulic Actuator
  2. Electric Actuator
  3. Pneumatic Actuator

Vehicle Types – Automotive Actuators Market has been covered from 3 viewpoints:

  1. Light Commercial Vehicle
  2. Passenger Vehicle
  3. Heavy Commercial Vehicle

Application – Automotive Actuators Market has been covered from 5 viewpoints:

  1. Throttle Actuator
  2. Seat Adjustment Actuator
  3. Brake Actuator
  4. Closer Actuator
  5. Others

automotive actuators industry

Region – Automotive Actuators Market has been covered from 5 viewpoints:

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa

All the Companies have been covered from 3 viewpoints:

• Company Overview
• Recent Development
• Financial Insight

Companies Covered:

  1. Robert Bosch GmbH
  2. Nidec Corporation
  3. Denso Corporation
  4. Johnson Electric
  5. Mitsubishi Electric Corporation

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s