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Automotive Actuators Market Report by Product, Motion, Vehicle Type, Sales Channel, and Region 2024-2032

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    Report

  • 146 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946263
Description Jump to:
The global automotive actuators market size reached US$ 28.2 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 44.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2023-2032.

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:

The publisher 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. The 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?

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
10.2 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
10.3 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
10.4 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
10.5 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
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

Companies Mentioned

  • 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.

Methodology

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Table Information

Report AttributeDetails
No. of Pages146
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( US$ ) in 2023 US$  28.2 Billion
Forecasted Market Value ( US$ ) by 2032 US$  44.6 Billion
Compound Annual Growth Rate5.2%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Automotive Actuator Market

The Automotive Actuator market is a subset of the Telematics and Vehicle Electronics industry. Automotive actuators are devices that convert electrical signals into mechanical motion, allowing for the control of various vehicle functions. They are used in a variety of applications, such as power steering, brakes, suspension, and transmission. Automotive actuators are essential components of modern vehicles, as they enable the integration of advanced safety and convenience features. The Automotive Actuator market is driven by the increasing demand for advanced safety and convenience features in vehicles. The growing demand for connected vehicles and the increasing adoption of autonomous driving technologies are also expected to drive the market. Additionally, the increasing demand for electric vehicles is expected to create new opportunities for the Automotive Actuator market. Some of the major companies in the Automotive Actuator market include Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Technologies, and Hitachi Automotive Systems. Show Less Read more

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