Automotive Actuator Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The automotive actuator market generated revenue of USD 21.0 billion in 2023, which is expected to witness a CAGR of 5.2% during 2024-2030, to reach USD 29.6 billion by 2030.

Among the factors influencing the growth of this market range from vehicle automation, increasing technology demand, and the requirements of flexibility from consumers.

The mounting necessities of vehicles support this technological movement, which can be defined as the main reason for the growth of this market. Hence, new models are featuring highly sophisticated actuators that companies acquire from auto parts suppliers.

Hence the machine is able to take away some of the load of the driver and is more convenient to the rider. For eg, in the past the steering was straightly connected to the steering column, that consume more energy in order to manoeuvre or to park the vehicles. Subsequently, receding this form has been replaced by the power steering system to ease steering.

Through the use of hydraulic or electric actuating mechanism this system provides power assistance. But these small yet mighty devices have taken place of ADAS, AFS, ACC, and many other advanced direction systems of vehicles by this date.

The advanced features becoming common in budget vehicles as a result of this intense competition such as power windows and electronically adjustable seats, which have resulted in the increasing production of actuators.

Key Insights

The hydraulic category leads the automotive actuator market in revenue share due to increased demand for heavy-duty vehicles.

Hydraulic actuators convert pressure to motion through fluid compression, offering greater force and power for components like throttle and pistons.

Electric actuators are projected to grow at the highest CAGR of approximately 5.5% during 2024-2030.

Growth in electric actuators is driven by increased demand for in-vehicle comfort, advanced features, and electric vehicles.

Electric actuators are easier to operate, less susceptible to damage, and require less maintenance compared to hydraulic actuators.

Throttle actuators held the largest market share of about 55% in 2023.

This dominance is due to their significant role in controlling the air intake into the engine.

Traditional mechanical controls have been replaced by drive-by-wire or electronic systems.

These electronic systems improve fuel efficiency, enhance accuracy, and provide smoother acceleration compared to mechanical controls.

Passenger vehicles accounted for approximately 70% of the market share in 2023.

Increased demand and production, along with technological advancements, drove this category's growth.

Commercial vehicles are expected to grow at a faster rate due to increased industrialization and the demand for advanced technologies for enhanced efficiency.

The linear category dominates the industry in revenue share due to its precise control, compact design, and versatility in vehicles.

Linear actuators provide either push or pull motions and can change angles, making them highly adaptable.

Key applications of linear actuators in vehicles include seat adjusters, door openers, automatic windows, and sunroofs.

APAC is the largest and fastest-growing market for automotive actuators, with a CAGR of approximately 5.8% during 2024-2030.

Such a huge amount of demand for both purex and president oils mainly comes from the technical sophistication of the auto industry and the rapidly growing car market.

Heading economies for this market are the People's Republic of China, the land of the rising sun - Japan, the world's most populous subcontinent - India, and South Korea.

China, as the most out spoken manufacturer and large buy of automotive actuators, is a result of its very large automobile market.

The leading Chinese market with high demand and advanced applications are behind the automotive industry is getting highly competitive which in turn offers good opportunity for actuator providers.

Product Code: 12933

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by vehicle type
- 1.4.4. Market size breakdown, by motion
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Type (2017-2030)
6.3. Market Revenue, by Type (2017-2030)
6.4. Market Volume, by Application (2017-2030)
6.5. Market Revenue, by Application (2017-2030)
6.6. Market Volume, by Vehicle Type (2017-2030)
6.7. Market Revenue, by Vehicle Type (2017-2030)
6.8. Market Volume, by Motion (2017-2030)
6.9. Market Revenue, by Motion (2017-2030)
6.10. Market Volume, by Region (2017-2030)
6.11. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Type (2017-2030)
7.3. Market Revenue, by Type (2017-2030)
7.4. Market Volume, by Application (2017-2030)
7.5. Market Revenue, by Application (2017-2030)
7.6. Market Volume, by Vehicle Type (2017-2030)
7.7. Market Revenue, by Vehicle Type (2017-2030)
7.8. Market Volume, by Motion (2017-2030)
7.9. Market Revenue, by Motion (2017-2030)
7.10. Market Volume, by Country (2017-2030)
7.11. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Type (2017-2030)
8.3. Market Revenue, by Type (2017-2030)
8.4. Market Volume, by Application (2017-2030)
8.5. Market Revenue, by Application (2017-2030)
8.6. Market Volume, by Vehicle Type (2017-2030)
8.7. Market Revenue, by Vehicle Type (2017-2030)
8.8. Market Volume, by Motion (2017-2030)
8.9. Market Revenue, by Motion (2017-2030)
8.10. Market Volume, by Country (2017-2030)
8.11. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Type (2017-2030)
9.3. Market Revenue, by Type (2017-2030)
9.4. Market Volume, by Application (2017-2030)
9.5. Market Revenue, by Application (2017-2030)
9.6. Market Volume, by Vehicle Type (2017-2030)
9.7. Market Revenue, by Vehicle Type (2017-2030)
9.8. Market Volume, by Motion (2017-2030)
9.9. Market Revenue, by Motion (2017-2030)
9.10. Market Volume, by Country (2017-2030)
9.11. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Type (2017-2030)
10.3. Market Revenue, by Type (2017-2030)
10.4. Market Volume, by Application (2017-2030)
10.5. Market Revenue, by Application (2017-2030)
10.6. Market Volume, by Vehicle Type (2017-2030)
10.7. Market Revenue, by Vehicle Type (2017-2030)
10.8. Market Volume, by Motion (2017-2030)
10.9. Market Revenue, by Motion (2017-2030)
10.10. Market Volume, by Country (2017-2030)
10.11. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Type (2017-2030)
11.3. Market Revenue, by Type (2017-2030)
11.4. Market Volume, by Application (2017-2030)
11.5. Market Revenue, by Application (2017-2030)
11.6. Market Volume, by Vehicle Type (2017-2030)
11.7. Market Revenue, by Vehicle Type (2017-2030)
11.8. Market Volume, by Motion (2017-2030)
11.9. Market Revenue, by Motion (2017-2030)
11.10. Market Volume, by Country (2017-2030)
11.11. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Type (2017-2030)
12.3. Market Revenue, by Type (2017-2030)
12.4. Market Volume, by Application (2017-2030)
12.5. Market Revenue, by Application (2017-2030)
12.6. Market Volume, by Vehicle Type (2017-2030)
12.7. Market Revenue, by Vehicle Type (2017-2030)
12.8. Market Volume, by Motion (2017-2030)
12.9. Market Revenue, by Motion (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Type (2017-2030)
13.3. Market Revenue, by Type (2017-2030)
13.4. Market Volume, by Application (2017-2030)
13.5. Market Revenue, by Application (2017-2030)
13.6. Market Volume, by Vehicle Type (2017-2030)
13.7. Market Revenue, by Vehicle Type (2017-2030)
13.8. Market Volume, by Motion (2017-2030)
13.9. Market Revenue, by Motion (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Type (2017-2030)
14.3. Market Revenue, by Type (2017-2030)
14.4. Market Volume, by Application (2017-2030)
14.5. Market Revenue, by Application (2017-2030)
14.6. Market Volume, by Vehicle Type (2017-2030)
14.7. Market Revenue, by Vehicle Type (2017-2030)
14.8. Market Volume, by Motion (2017-2030)
14.9. Market Revenue, by Motion (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Type (2017-2030)
15.3. Market Revenue, by Type (2017-2030)
15.4. Market Volume, by Application (2017-2030)
15.5. Market Revenue, by Application (2017-2030)
15.6. Market Volume, by Vehicle Type (2017-2030)
15.7. Market Revenue, by Vehicle Type (2017-2030)
15.8. Market Volume, by Motion (2017-2030)
15.9. Market Revenue, by Motion (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Type (2017-2030)
16.3. Market Revenue, by Type (2017-2030)
16.4. Market Volume, by Application (2017-2030)
16.5. Market Revenue, by Application (2017-2030)
16.6. Market Volume, by Vehicle Type (2017-2030)
16.7. Market Revenue, by Vehicle Type (2017-2030)
16.8. Market Volume, by Motion (2017-2030)
16.9. Market Revenue, by Motion (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Type (2017-2030)
17.3. Market Revenue, by Type (2017-2030)
17.4. Market Volume, by Application (2017-2030)
17.5. Market Revenue, by Application (2017-2030)
17.6. Market Volume, by Vehicle Type (2017-2030)
17.7. Market Revenue, by Vehicle Type (2017-2030)
17.8. Market Volume, by Motion (2017-2030)
17.9. Market Revenue, by Motion (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Type (2017-2030)
18.3. Market Revenue, by Type (2017-2030)
18.4. Market Volume, by Application (2017-2030)
18.5. Market Revenue, by Application (2017-2030)
18.6. Market Volume, by Vehicle Type (2017-2030)
18.7. Market Revenue, by Vehicle Type (2017-2030)
18.8. Market Volume, by Motion (2017-2030)
18.9. Market Revenue, by Motion (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Type (2017-2030)
19.3. Market Revenue, by Type (2017-2030)
19.4. Market Volume, by Application (2017-2030)
19.5. Market Revenue, by Application (2017-2030)
19.6. Market Volume, by Vehicle Type (2017-2030)
19.7. Market Revenue, by Vehicle Type (2017-2030)
19.8. Market Volume, by Motion (2017-2030)
19.9. Market Revenue, by Motion (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Type (2017-2030)
20.3. Market Revenue, by Type (2017-2030)
20.4. Market Volume, by Application (2017-2030)
20.5. Market Revenue, by Application (2017-2030)
20.6. Market Volume, by Vehicle Type (2017-2030)
20.7. Market Revenue, by Vehicle Type (2017-2030)
20.8. Market Volume, by Motion (2017-2030)
20.9. Market Revenue, by Motion (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Type (2017-2030)
21.3. Market Revenue, by Type (2017-2030)
21.4. Market Volume, by Application (2017-2030)
21.5. Market Revenue, by Application (2017-2030)
21.6. Market Volume, by Vehicle Type (2017-2030)
21.7. Market Revenue, by Vehicle Type (2017-2030)
21.8. Market Volume, by Motion (2017-2030)
21.9. Market Revenue, by Motion (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Type (2017-2030)
22.3. Market Revenue, by Type (2017-2030)
22.4. Market Volume, by Application (2017-2030)
22.5. Market Revenue, by Application (2017-2030)
22.6. Market Volume, by Vehicle Type (2017-2030)
22.7. Market Revenue, by Vehicle Type (2017-2030)
22.8. Market Volume, by Motion (2017-2030)
22.9. Market Revenue, by Motion (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Type (2017-2030)
23.3. Market Revenue, by Type (2017-2030)
23.4. Market Volume, by Application (2017-2030)
23.5. Market Revenue, by Application (2017-2030)
23.6. Market Volume, by Vehicle Type (2017-2030)
23.7. Market Revenue, by Vehicle Type (2017-2030)
23.8. Market Volume, by Motion (2017-2030)
23.9. Market Revenue, by Motion (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Type (2017-2030)
24.3. Market Revenue, by Type (2017-2030)
24.4. Market Volume, by Application (2017-2030)
24.5. Market Revenue, by Application (2017-2030)
24.6. Market Volume, by Vehicle Type (2017-2030)
24.7. Market Revenue, by Vehicle Type (2017-2030)
24.8. Market Volume, by Motion (2017-2030)
24.9. Market Revenue, by Motion (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Type (2017-2030)
25.3. Market Revenue, by Type (2017-2030)
25.4. Market Volume, by Application (2017-2030)
25.5. Market Revenue, by Application (2017-2030)
25.6. Market Volume, by Vehicle Type (2017-2030)
25.7. Market Revenue, by Vehicle Type (2017-2030)
25.8. Market Volume, by Motion (2017-2030)
25.9. Market Revenue, by Motion (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Type (2017-2030)
26.3. Market Revenue, by Type (2017-2030)
26.4. Market Volume, by Application (2017-2030)
26.5. Market Revenue, by Application (2017-2030)
26.6. Market Volume, by Vehicle Type (2017-2030)
26.7. Market Revenue, by Vehicle Type (2017-2030)
26.8. Market Volume, by Motion (2017-2030)
26.9. Market Revenue, by Motion (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Type (2017-2030)
27.3. Market Revenue, by Type (2017-2030)
27.4. Market Volume, by Application (2017-2030)
27.5. Market Revenue, by Application (2017-2030)
27.6. Market Volume, by Vehicle Type (2017-2030)
27.7. Market Revenue, by Vehicle Type (2017-2030)
27.8. Market Volume, by Motion (2017-2030)
27.9. Market Revenue, by Motion (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Type (2017-2030)
28.3. Market Revenue, by Type (2017-2030)
28.4. Market Volume, by Application (2017-2030)
28.5. Market Revenue, by Application (2017-2030)
28.6. Market Volume, by Vehicle Type (2017-2030)
28.7. Market Revenue, by Vehicle Type (2017-2030)
28.8. Market Volume, by Motion (2017-2030)
28.9. Market Revenue, by Motion (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Robert Bosch GmbH
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. HELLA GmbH & Co. KGaA
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Johnson Controls International plc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Denso Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Continental AG
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Hitachi Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Valeo S.A.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Mitsubishi Electric Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Schlumberger Limited
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Eaton Corporation plc
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Emerson Electric Co.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Festo AG & Co. KG
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
30.13. Flowserve Corporation
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

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Automotive Actuator Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)