The accelerating shift towards fuel-efficient vehicles and the growing requirement for advanced automation systems are accelerating the market growth.
Vancouver, BC -- (SBWIRE) -- 01/14/2021 -- The global Automotive Actuators Market is forecast to attain a market valuation of USD 41.09 billion by the end of 2027, growing at a rate of 7.7%, as per the recent study by Emergen Research. Increasing automation and medical help within the automotive trade sector has augmented the demand for vehicles equipped with superior options.
The modern passenger vehicles comprise nearly 124 motor units to manage numerous applications such as light source positioning, seat adjustment, fluid and refrigerant valves, HVAC systems, and grill shutter. Actuators play a vital part in activating these applications as they facilitate the conversion of an electric signal into a linear movement to provide the necessary physical activity.
Prominent players of the industry include Mitsubishi Electric Corporation, Denso Corporation, Robert Bosch GmbH, Emerson Electronic, Nidec Corporation, Honeywell, SMC, Flowserve, Johnson Electric, and Curtis-Wright.
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The passenger cars, one of the significant segments analyzed, is anticipated to exhibit the lucrative potential to expand manifold due to the escalating requirement for small vehicles across the globe. The shifting preference that supports the market growth is imperative for businesses to stay updated with the current dynamics of the market, which is anticipated to reach a remarkable market valuation of USD 35.43 billion by the end of 2025.
For this report, Emergen Research has segmented the Global Automotive Actuators Market based on vehicle type, application, and region:
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Seat Adjustment Actuator
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Key Highlights from the Report:
Linear actuators are the most in-demand automated actuators due to their extensive deployment in machinery, valves, and wherever linear motion is necessary. The rapid expansion of the automation industry is augmenting the utilization of linear actuators is augmenting at an exponential rate.
The Federal Republic of Germany has the potential to nearly add USD 317.4 Million to Europe's market share in the next five to six years attributable to the magnified requirement for vehicles and tech-savvy population. In Japan, travels car market is forecast to grow exponentially to reach a valuation of USD 819.2 million.
Although the North American region dominated the market landscape, Asia Pacific is predicted to expand at a remarkable annual growth rate, with Europe following closely. This can be accredited to the rapidly growing automotive market in APAC countries with China leading as the world's largest vehicle manufacturer.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Automotive Actuators Market Segmentation & Impact Analysis
4.1. Automotive Actuators Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Rising demand for fuel-efficient vehicles
220.127.116.11. Increase in the demand for advanced automation systems
4.2.3. Market restraints analysis
18.104.22.168. High labor charge in low-cost manufacturing regions
22.214.171.124. Weight and cost reduction issues throughout the value chain
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
To be Continued…!
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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