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Global Automotive Actuators Market By Type (Electric, Pneumatic, Others), By Application Type (Break Actuator, Clouse Actuator, Others), By End-Users (On-highway and Off-highway), By Region, Forecast & Opportunities to 2026

The global automotive actuators market accounted for a value of USD 23.2 billion in 2019 and is  projected to register growth at a CAGR of 6.5% during forecast period.

The COVID19 has affected all business across the globe. Automotive market has experienced a major hit due to this pandemic and it is expected that after this pandemic, sales of vehicles will be primary concern for OEMs. Due to pandemic there was lockdown all over the world, the companies suffered shutdown because of which the production was stopped. The supply of raw material was on halt which has affected production immensely. Automotive actuators market is expecting decline in 2020.

Definition:

Actuator can be defined as a component of a machine that is responsible for controlling and moving system and mechanism. It requires a source of energy and control signal. The control signal is relatively low energy and electric voltage or pneumatic, current or hydraulic fluid pressure. When it receives a control signal, actuator responds by converting the source’s energy into mechanical motion.

Market Dynamics (Drivers/Opportunities):

The technological advancement such as ADAS, autonomous vehicle and others in automotive sector is rapidly increasing around the world has increased the use of actuators. The demand for fuel-efficient vehicles is increasing as the fuel prices are increasing around the world. This increases adoption of actuators and drives growth in automotive actuators segment during forecast period.

The government is also supporting technological advancement in automotive sector and focusing on fuel efficient vehicles. The automotive actuators helps in reducing road fatalities and in used in fuel pumps. The actuators are used in parking brake, head light lifts and seat adjustments. It also helps in making car more comfortable. The higher use of actuators in vehicles drives growth in automotive actuators market during forecast period.

Market Insights, by Application Type

On the basis of Application type, the automotive actuators market is segmented into throttle actuator, seat adjustment actuator, brake actuator, closure actuator and others. Seat adjustment actuator segment is estimated to be fastest growing segment during forecast period. The OEMs are focusing on providing maximum comfort to the customers. They have made interiors of vehicle one of the main focus areas and they are working to improve safety of customers. This increases use of actuators in vehicle as it use to make seats more smart and comfortable. Actuators in seats can be use for seat positioning, adjusting lumbar support systems, seat track and angles. The use of seat adjustment actuator is increasing in automotive sectors. Thus, drives growth in seat adjustment segment during forecast period.

Market Insights, by Vehicle Type

On the basis of vehicle type, the automotive actuators market is segmented into on-highway and off-highway. The off-highways vehicle type segment is estimated to be the fastest growing segment during forecast period. The government is investing in infrastructural development is increasing. The rent based equipment is emerging and thriving agriculture business. This increases demand for off-highway vehicle. The actuators in off-highway vehicle involved the application of force to perform task. This drives growth in off-highway vehicle segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to dominate the market during forecast period. China is estimated to lead the market in Asia-Pacific region in automotive actuators market. China is the world’s largest vehicle manufacturer and it has potential to produce automotive components in large volume at lower cost. The population in this region is higher and the sales of vehicle are also higher. This increases demand for automotive components including actuators in this region. There are various automotive manufacturers establishing in various countries such as Japan, India and China. Thus, drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in automotive actuators industry are Robert Bosch GmbH, Hella GmbH & Co. KGaA, Continental AG, Johnson Electric, Denso Corporation, Mitsubishi Electric Corporation, Nidec Motors & Actuators, Borgwarner Inc., Hitachi Automotive System, Stroneridge Inc., Mahle GmbH, EFI Automotive, CTS Corporation, Thermotion, Magneti Marelli, Wabco Holding Inc., Cebi International SA Group and Nook Industries Inc.

Segments Covered in the Report

This report forecasts The Global Automotive Actuators Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global automotive actuators market report on the basis of type, application type, and vehicle type.

Automotive Actuators Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Automotive Actuators Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Electric Actuator
  • Hydraulic Actuator
  • Pneumatic Actuator
  1. Automotive Actuators Market, By Application Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Throttle Actuator
  • Seat Adjustment Actuator
  • Brake Actuator
  • Closure Actuator
  • Others
  1. Automotive Actuators Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • On-highway
  • Off-highway
  1. Automotive Actuators Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Application Type
    • By Vehicle Type
    • By Country
      • USA
        • By Vehicle Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Application Type
      • By Vehicle Type
      • By Country
        • Brazil
          • By Vehicle Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Application Type
        • By Vehicle Type
        • By Country
          • UK
            • By Vehicle Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Application Type
          • By Vehicle Type
          • By Country
            • China
              • By Vehicle Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Application Type
            • By Vehicle Type
            • By Country
              • Saudi Arabia
                • By Vehicle Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Mitsubishi Electric Corporation
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Robert Bosch GmbH
    • Hella GmbH & Co.
    • KGaA, Continental AG
    • Johnson Electric
    • Denso Corporation
    • Nidec Motors & Actuators
    • Borgwarner Inc.
    • Hitachi Automotive System
    • Stroneridge Inc.
    • Mahle GmbH
    • EFI Automotive
    • CTS Corporation
    • Thermotion
    • Magneti Marelli
    • Wabco Holding Inc.
    • Cebi International SA Group
    • Nook Industries Inc.
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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