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iCrowdNewswire   Jan 21, 2021  6:00 PM ET

Market Synopsis:

An actuator is a device that converts the energy supplied into force or action. It has been revealed in Market Research Future (MRFR)’s report that the global automotive actuators market is expected to register 8% CAGR over the forecast period 2017 to 2023.

The growth of the automotive industry is likely to propel the expansion of the market over the next couple of years. In addition, factors such as rapid urbanization and increasing purchasing power have led to a drastic rise in demand for automobiles. This, in turn, is expected to accelerate the growth rate of the automotive actuators market in the years to come.

The integration of advanced technological features into vehicles is also expected to unleash developmental opportunities for the players in the automotive actuators market. Increasing demand for fuel-efficient technologies is anticipated to catapult the automotive actuators market on automotive actuators market on the growth trajectory.

Market Segmentation:

On the basis of type, the global automotive actuators market has been segmented into electric actuator, hydraulic actuator, and pneumatic actuator. Among these, the electric actuator segment is anticipated to dictate the growth of the global market over the next couple of years due to its high demand across the automotive industry.

Based on application type, the automotive actuators market has been segmented into fuel injection actuator, throttle actuator, brake actuator, and others. Among these, the throttle actuator segment is prognosticated to earn high revenues in the years to come due to its use in the engine combustion chamber.

By vehicle type, the global automotive actuators market has been segmented into passenger cars, heavy commercial vehicle (HCV), and light commercial vehicle (LCV).

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Regional Analysis:

The geographical analysis of the global automotive actuators market is covered in this report across four key regions- North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW) and is further narrowed down to country-level assessment. Among these regional segments, Asia Pacific is anticipated to drive the expansion of the global market in the years to come. Emerging economies such as India and China are anticipated to emerge as automotive manufacturing hubs over the next couple of years. Favorable laws and availability of labor force at a lower cost is likely to support the growth of the automotive manufacturing industry in the region. This, in turn, is anticipated to expedite the expansion of the automotive actuators market in the region over the review period. The governments in the region are emphasizing on reduced fuel consumption, which is also motivating the growth trajectory of the automotive actuators market. The trend is projected to continue in the forthcoming years.

Competitive Dashboard:

Continental AG (Germany), Hella KGaA Hueck & Co. (Germany), Robert Bosch GmbH (Germany), Aptiv PLC (U.S.), Denso Corporation (Japan), and Stoneridge Inc. (U.S.) are some of the major players in the global automotive actuators market. Other players that are poised to earn high revenues in the years to come are Wabco Holdings Inc. (Belgium), Nidec Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Sonceboz SA (Switzerland).

Key players are expected to invest in the expansion of technical capabilities, which is presumed to intensify competition in the automotive actuators market over the next couple of years. Also, the focus on research & development for staying ahead of the curve is likely to support the competitiveness among the market players in the foreseeable future. The growth approaches expected to be witnessed in the market place over the assessment period include, but not limited to, mergers & acquisitions, partnerships, agreements, etc.

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Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
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State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com

 

Browse Complete Report – https://www.marketresearchfuture.com/reports/automotive-actuators-market-2126

 

Contact Information:

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