Global Automotive Pneumatic Actuators Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Automotive Pneumatic Actuators Market is estimated to be USD 15.18 Bn in 2023 and is expected to reach USD 21.29 Bn by 2028 growing at a CAGR of 6.99%.

A pneumatic actuator converts energy from hydraulic pressure, electricity, or compressed air into mechanical motion. It includes hydraulic, mechanical, pneumatic, and electric types. Hydraulic actuators use cylinders and fluid motors, while mechanical ones translate rotary motion into linear. Pneumatic actuators harness compressed air to achieve rapid responses in applications like engine control, making electric actuators, which don't require oil, widely used.

In the context of factors shaping this scenario, it's essential to highlight the escalating demand for advanced vehicle control systems as a pivotal driving force. Concurrently, the persistent evolution of actuator technology plays a crucial role in driving these advancements. However, there are substantial challenges to navigate. Most notably, the important initial expenses related to installations pose a significant hurdle, especially in industries characterized by low-volume production practices.

Market Segmentations

• The Global Automotive Pneumatic Actuators Market is segmented based on Motion, Vehicle Type, Application, and Geography.
• The segmentation based on motion is essential as it categorizes pneumatic actuators by the type of movement they enable within vehicles.
• Linear actuators play a pivotal role in automotive systems, as they are responsible for converting pneumatic energy into linear motion. This type of motion is crucial in various applications such as power windows, seat adjustments, and other comfort and convenience features. Linear actuators are also integral in controlling air supply to different components, enhancing efficiency and performance.
• Rotary actuators, on the other hand, enable rotary or angular motion. They are instrumental in functions like controlling throttle valves, actuating various types of valves, and managing the steering system. These actuators play a vital role in steering precision and engine performance, contributing to the overall safety and handling of the vehicle.
• By Vehicle Type, the market is segmented by Passenger and Commercial Vehicles
• In the passenger vehicle segment, pneumatic actuators find extensive use in various comfort and convenience features. These actuators are crucial for power windows, seat adjustments, HVAC controls, and other interior functions. Furthermore, they play a role in airbag deployment and safety systems, enhancing the overall safety of passengers.
• Commercial vehicles, including trucks, buses, and other heavy-duty vehicles, have different demands for pneumatic actuators. These actuators are essential in managing braking systems, suspension systems, and other critical functions. In commercial vehicles, reliability and durability are of utmost importance, as they endure extensive usage and often operate in challenging conditions.

Recent Development

• A German Bosch Rexroth AG acquired Israeli company Elmo Motion Control for USD 700 Mn. - September 2022

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Bosch Rexroth AG, Denso Corporation, Eaton, Honeywell, Nidec Corporation, Rolex Automation, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Automotive Pneumatic Actuators Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Automotive Pneumatic Actuators Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Pneumatic Actuators Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market