Global Automotive Solenoid Market 2020-2024

Global Automotive Solenoid Market 2020-2024

The publisher has been monitoring the automotive solenoid market and it is poised to grow by 557.46 mn units during 2020-2024 progressing at a CAGR of 2% during the forecast period. The report on automotive solenoid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the protection and safety of automotive solenoid valves and increasing demand for HEVs. In addition, protection and safety of automotive solenoid valves is anticipated to boost the growth of the market as well.

The automotive solenoid market analysis includes application segment and geographical landscapes.

The automotive solenoid market is segmented as below:

By Application

• Engine & control systems
• Chassis,safety & security systems
• HVAC, body controls, and interiors
• Fuel emission control systems

By Geographical Landscapes

• APAC
• North America
• Europe
• South America
• MEA

This study identifies increasing electrification in vehicles as one of the prime reasons driving the automotive solenoid market growth during the next few years.

The report on automotive solenoid market covers the following areas:

• Automotive solenoid market sizing
• Automotive solenoid market forecast
• Automotive solenoid market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive solenoid market vendors that include BorgWarner Inc., Delphi Technologies Plc, Emerson Electric Co., General Motors Co., Hitachi Ltd., Johnson Electric Holdings Ltd., Littelfuse Inc., Nidec Corp., Robert Bosch GmbH, and Texas Instruments Inc.. Also, the automotive solenoid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.