Global Automotive Actuators Market to Grow 1.7X Through 2030

Global Automotive Actuators Market to Grow 1.7X Through 2030

The sales of Automotive Actuators was valued at ~US$65.8 Bn at the end of 2019 and is anticipated to surpass US$109.4 Bn during the forecast period 2020-2030. The COVID-19 pandemic has led the automotive market towards a major slowdown worldwide. The sales of automotive actuators have plummeted with the shutdown of production facilities in leading automotive markets of Europe and Asia, thus posing major challenges to the players operating in automotive market. To overcome this situation, the manufacturers are focusing on research and development to form integrated braking systems which will ensure engine efficiency as well as fuel efficiency. This is anticipated to drive sales of brake actuators during the forecast period. Furthermore, the global demand for automotive actuators will surge by the end of 2020 as they are utilized in number of applications where machineries are involved.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=297

Key Takeaways of Automotive Actuators Market

  • Under the impact of Covid-19, global automotive actuators market is expected to create an absolute $ opportunity of more than ~US$ 44.5 and is anticipated to expand 1.7X from 2020 through 2030
  • VGT actuator is projected to grow at a value CAGR of 5.4% and is expected to be valued 2.9X more than EGR actuator by the end of 2020
  • APEJ region is anticipated to be the market leader in the global automotive actuator market by the 2030 end with more than 39% market share in terms of value
  • Aftermarket sales channel is projected to grow 1.6X faster than OEM sales channel and is anticipated to create an absolute $ opportunity of more than ~US$ 27.1 Bn during the forecast period

automotive actuators market image 01

Key Segments of the Automotive Actuators Market

Fact.MR’s study on the automotive actuators market offers information divided into four key segments-product, vehicle, working, sales channel and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=297

Product

  • Waste Gate Actuator
  • VGT Actuator
  • Throttle Actuator
  • Brake Actuator
  • EGR Actuator
  • Power Seat Actuator
  • Grille Shutter
  • HVAC Actuator
  • Headlamp Actuator
  • Others (Quick Attach, Hood Lift, etc.)

Vehicle

  • Passenger Vehicles
  • Commercial Vehicles
  • Heavy Commercial Vehicles

Working

 

  • Pneumatic
  • Hydraulic
  • Electromagnetic
  • Gear Motors or Electric

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/297

Sales Channel

Facility Expansion to Remain a Prime Growth Lever

Prominent players in the automotive actuators market are Delphi Technologies Inc., Mitsubishi Electric Corporation, Denso Corporation, Continental AG, CTS Corporation, BorgWarner Inc., HELLA KGaA Hueck & Co, Hitachi, Ltd, Johnson Electric, among others. Key players in automotive actuators market are focusing on expanding their manufacturing facilities to increase their reach in the global market.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/07/29/1892956/0/en/Increasing-Manufacturer-Focus-towards-Innovative-Performance-Spurring-Sales-of-Excavators-reports-Fact-MR-study.html

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com

https://minernews.io/

https://newsminer.co

Leave a Reply

Your email address will not be published. Required fields are marked *