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PUBLISHER: IMARC | PRODUCT CODE: 1451664
PUBLISHER: IMARC | PRODUCT CODE: 1451664
Automotive Actuators Market Report by Product, Motion, Vehicle Type, Sales Channel (Original Equipment Manufacturer, Aftermarket), and Region 2024-2032
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PAGES: 146 Pages
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The global automotive actuators market size reached US$ 28.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
Automotive actuators are an indispensable integrated component of electronic control systems in commercial and passenger vehicles. They mainly control various automobile mechanisms and bring them into motion by converting and supplying energy generated from various sources, including electricity and hydraulics. Automotive actuators comprise internal relays inside the engine system, which assist in activating control valves. They also regulate throttles for directing airflow in the climate management systems, operate power liftgates, and adjust engine flywheel rotation speed and torque to optimize overall vehicular efficiency and performance. Besides this, automotive actuators are extensively used in industrial procedures to operate valves, fluid couplings, and dampers. At present, they are commercially available in hydraulic, electric, and pneumatic variants.
Automotive Actuators Market Trends:
With the significant expansion in the automotive industry, there has been an increasing demand for downsizing vehicle engines to enhance fuel efficiency, which is primarily driving the automotive actuators market toward growth. Moreover, the rising security concerns and the growing incidences of road accidents due to drunken driving, rash driving, and control loss have further facilitated the extensive installation of automotive actuators in cars. Additionally, escalating environmental consciousness has prompted governments of several countries to promote the incorporation of electric and hydraulic automotive actuators in vehicles, which is contributing to the market growth. These mechanical systems do not require fuel that causes internal combustion in the engine and produces greenhouse gas (GHG) emissions. In line with this, the introduction of intelligent automotive actuators with smart sensors, control units, and the Internet of Things (IoT) solutions to sense the speed and movement of the vehicle and calculate the distance between the object and the automobile is propelling the market growth. Other factors, such as the growing sales of autonomous cars and the widespread installation of automotive actuators in heating, ventilation, and air conditioning (HVAC) systems and refrigerants, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive actuators market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, motion, vehicle type and sales channel.
Breakup by Product:
Brake Actuators
HVAC Actuators
Headlamp Actuators
Grill Shutter Actuators
Seat Actuators
Coolant and Refrigerant Valve Actuators
Others
Breakup by Motion:
Linear
Rotatory
Breakup by Vehicle Type:
Passenger Vehicles
Commercial Vehicles
Others
Breakup by Sales Channel:
Original Equipment Manufacturer (OEM)
Aftermarket
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BorgWarner Inc., Continental AG, CTS Corporation, DENSO Corporation, EFI Automotive, HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Johnson Electric Holdings Limited, MAHLE GmbH, Mitsubishi Electric Corporation, Nidec Corporation, Robert Bosch GmbH and Stoneridge Inc.
Key Questions Answered in This Report
- 1. What was the size of the global automotive actuators market in 2023?
- 2. What is the expected growth rate of the global automotive actuators market during 2024-2032?
- 3. What are the key factors driving the global automotive actuators market?
- 4. What has been the impact of COVID-19 on the global automotive actuators market?
- 5. What is the breakup of the global automotive actuators market based on the product?
- 6. What is the breakup of the global automotive actuators market based on the motion?
- 7. What are the key regions in the global automotive actuators market?
- 8. Who are the key players/companies in the global automotive actuators market?
Product Code: SR112024A6092
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Actuators Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Brake Actuators
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 HVAC Actuators
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Headlamp Actuators
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Grill Shutter Actuators
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Seat Actuators
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Coolant and Refrigerant Valve Actuators
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Motion
- 7.1 Linear
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Rotatory
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Passenger Vehicles
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicles
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Sales Channel
- 9.1 Original Equipment Manufacturer (OEM)
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Aftermarket
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 BorgWarner Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Continental AG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 CTS Corporation
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 DENSO Corporation
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 EFI Automotive
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 HELLA GmbH & Co. KGaA (Faurecia SE)
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 Hitachi Ltd.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Johnson Electric Holdings Limited
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 MAHLE GmbH
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 SWOT Analysis
- 15.3.10 Mitsubishi Electric Corporation
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Nidec Corporation
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Robert Bosch GmbH
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 SWOT Analysis
- 15.3.13 Stoneridge Inc.
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.1 BorgWarner Inc.
Product Code: SR112024A6092
List of Figures
- Figure 1: Global: Automotive Actuators Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Actuators Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Automotive Actuators Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Automotive Actuators Market: Breakup by Product (in %), 2023
- Figure 5: Global: Automotive Actuators Market: Breakup by Motion (in %), 2023
- Figure 6: Global: Automotive Actuators Market: Breakup by Vehicle Type (in %), 2023
- Figure 7: Global: Automotive Actuators Market: Breakup by Sales Channel (in %), 2023
- Figure 8: Global: Automotive Actuators Market: Breakup by Region (in %), 2023
- Figure 9: Global: Automotive Actuators (Brake Actuators) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Automotive Actuators (Brake Actuators) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Automotive Actuators (HVAC Actuators) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Automotive Actuators (HVAC Actuators) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Automotive Actuators (Headlamp Actuators) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Automotive Actuators (Headlamp Actuators) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Automotive Actuators (Grill Shutter Actuators) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Automotive Actuators (Grill Shutter Actuators) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Automotive Actuators (Seat Actuators) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Automotive Actuators (Seat Actuators) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Automotive Actuators (Coolant and Refrigerant Valve Actuators) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Automotive Actuators (Coolant and Refrigerant Valve Actuators) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Automotive Actuators (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Automotive Actuators (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Automotive Actuators (Linear) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Automotive Actuators (Linear) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Automotive Actuators (Rotatory) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Automotive Actuators (Rotatory) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Automotive Actuators (Passenger Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Automotive Actuators (Passenger Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Automotive Actuators (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Automotive Actuators (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Automotive Actuators (Other Vehicle Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Automotive Actuators (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Automotive Actuators (Original Equipment Manufacturer -OEM) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Automotive Actuators (Original Equipment Manufacturer -OEM) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Automotive Actuators (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Automotive Actuators (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: North America: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: North America: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: United States: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: United States: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Canada: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Canada: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Asia-Pacific: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Asia-Pacific: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: China: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: China: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Japan: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Japan: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: India: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: India: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: South Korea: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: South Korea: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Australia: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Australia: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Indonesia: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Indonesia: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Others: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Others: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Europe: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Europe: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Germany: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Germany: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: France: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: France: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: United Kingdom: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: United Kingdom: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Italy: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Italy: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Spain: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Spain: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Russia: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Russia: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Others: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Others: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Latin America: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Latin America: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Brazil: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Brazil: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Mexico: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Mexico: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Others: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Others: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Middle East and Africa: Automotive Actuators Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Middle East and Africa: Automotive Actuators Market: Breakup by Country (in %), 2023
- Figure 85: Middle East and Africa: Automotive Actuators Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Global: Automotive Actuators Industry: SWOT Analysis
- Figure 87: Global: Automotive Actuators Industry: Value Chain Analysis
- Figure 88: Global: Automotive Actuators Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Actuators Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Automotive Actuators Market Forecast: Breakup by Product (in Million US$), 2024-2032
- Table 3: Global: Automotive Actuators Market Forecast: Breakup by Motion (in Million US$), 2024-2032
- Table 4: Global: Automotive Actuators Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 5: Global: Automotive Actuators Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
- Table 6: Global: Automotive Actuators Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Automotive Actuators Market: Competitive Structure
- Table 8: Global: Automotive Actuators Market: Key Players
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