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Automotive Actuators Market, Global Forecast, Impact of COVID-19, Industry Trends, by Application, Growth, Opportunity Company Analysis

  • ID: 5411850
  • Report
  • August 2021
  • Region: Global
  • 125 Pages
  • Renub Research
The Automotive Actuators Market Size Will be US 37.52 Billion by 2027

FEATURED COMPANIES

  • Denso Corporation
  • Johnson Electric
  • Nidec Corporation
  • Robert Bosch GmbH
Automotive actuators are the type of transducers that convert energy into motion. The automotive actuators can control a range from a simple switch to high power hydraulic devices and valves in an automotive. They effectively manage different mechanisms in vehicles, such as applying breaks, controlling doors and lighting. Moreover, with advancements in technology, automotive actuators are being considered the backbone of reducing road fatalities. By application, automotive actuators are readily being used as throttle actuators, seat adjustment actuators, brake actuators, and closer actuators in numerous vehicle types such as light commercial vehicles, passenger vehicles, and heavy commercial vehicles. These vehicles are expected to install various actuators to enhance safety and comfort. According to the report, the Global Automotive Actuators Market was US$ 19.65 Billion in 2020.



In addition, Hydraulic, Electric and Pneumatic are the by type variants in which the automotive actuators market has been classified. In recent years, globally, electric actuators have replaced hydraulic and pneumatic actuators due to lower noise emission, compact and lightweight design, and flexible installation alternatives. Comfort features have become a global requirement in the passenger vehicle, and OEMs are investing the best possible efforts to enhance the driving experience by installing various actuators. Furthermore, in light commercial vehicles, passenger vehicles, and heavy commercial vehicles, electric actuators are widely used in comfort-feature actuators such as window lift drive, power tailgate drive, seat drive, and sunroof drive, among others. Notwithstanding, the leading automotive actuators manufacturers such as Robert Bosch GmbH, Continental, and Johnson Electric provide electric actuators. As per our analysis, the Worldwide Automotive Actuators Industry is projected to grow at a CAGR of 9.68% in the 2020-2027 periods.

Geographically, the Global Automotive Actuators Market exists in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The availability of inexpensive labour and raw material in the Asia-Pacific and the increasing number of local manufacturers are expected to propel the market during the forecast period in the region. In addition, China, the world’s largest vehicle manufacturer, is expected to be a driving factor for this market in the Asia-Pacific region. Moreover, China’s potential to produce automotive components in large volumes at a lower cost provides it with a competitive edge over other countries. As per our estimation, the Global Automotive Actuators Market Size is projected to reach US$ 37.52 Billion by 2027.

Key players operating in the market comprise Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric and Mitsubishi Electric Corporation. These companies have strong distribution chains at a global level. Additionally, these companies offer an extensive product range in this market. These companies adopt new product developments, collaborations, and contracts & agreements to sustain their market position.

How has COVID-19 affected the market

The current COVID-19 outbreak that has majorly impacted several countries has severely affected the automation industry. The global impact of COVID-19 has been unprecedented and staggering, with actuators witnessing a negative demand shock across all regions amid the pandemic. Moreover, the large companies are suffering significant losses due to the country-wise lockdown. Before the pandemic, investments in the automation sector have been slow and anticipated to be postponed or held for almost a year.

This latest report titled “Global Automotive Actuators Market by Actuator Types (Hydraulic Actuator, Electric Actuator and Pneumatic Actuator), Vehicle Types (Light Commercial Vehicle, Passenger Vehicle and Heavy Commercial Vehicle); Application (Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closer Actuator and Others), Region (North America, Europe, Asia Pacific, Middle East, Latin America & Africa), Company (Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric and Mitsubishi Electric Corporation); provides a detailed analysis of Global Automotive Actuators Market.

Actuator Types - Automotive Actuators Market has been covered from 3 viewpoints:

1. Hydraulic Actuator
2. Electric Actuator
3. Pneumatic Actuator

Vehicle Types - Automotive Actuators Market has been covered from 3 viewpoints:

1. Light Commercial Vehicle
2. Passenger Vehicle
3. Heavy Commercial Vehicle

Application - Automotive Actuators Market has been covered from 5 viewpoints:

1. Throttle Actuator
2. Seat Adjustment Actuator
3. Brake Actuator
4. Closer Actuator
5. Others

Region - Automotive Actuators Market has been covered from 5 viewpoints:

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa

All the Companies have been covered from 3 viewpoints:

  • Company Overview
  • Recent Development
  • Financial Insight

Companies Covered:

1. Robert Bosch GmbH
2. Nidec Corporation
3. Denso Corporation
4. Johnson Electric
5. Mitsubishi Electric Corporation
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Denso Corporation
  • Johnson Electric
  • Nidec Corporation
  • Robert Bosch GmbH
1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Automotive Actuators Market

6. Market Share
6.1 By Actuator Types
6.2 By Vehicle Types
6.3 By Application
6.4 By Region

7. Actuator Types - Automotive Actuators Market
7.1 Hydraulic Actuator
7.2 Electric Actuator
7.3 Pneumatic Actuator

8. Vehicle Types - Automotive Actuators Market
8.1 Light Commercial Vehicle
8.2 Passenger Vehicle
8.3 Heavy Commercial Vehicle

9. Application - Automotive Actuators Market
9.1 Throttle Actuator
9.2 Seat Adjustment Actuator
9.3 Brake Actuator
9.4 Closer Actuator
9.5 Others

10. Region - Automotive Actuators Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East Africa

11. Company Analysis
11.1 Robert Bosch GmbH
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Financial Insight
11.2 Nidec Corporation
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Financial Insight
11.3 Denso Corporation
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Financial Insight
11.4 Johnson Electric
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Financial Insight
11.5 Mitsubishi Electric Corporation
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Financial Insight

List of Figure:
Figure-01: Automotive Actuators Market (Billion US$), 2016 - 2020
Figure-02: Forecast for - Automotive Actuators Market (Billion US$), 2021 - 2027
Figure-03: Actuator Types - Hydraulic Actuator Market (Billion US$), 2016 - 2020
Figure-04: Actuator Types - Forecast for Hydraulic Actuator Market (Billion US$), 2021 - 2027
Figure-05: Actuator Types - Electric Actuator Market (Billion US$), 2016 - 2020
Figure-06: Actuator Types - Forecast for Electric Actuator Market (Billion US$), 2021 - 2027
Figure-07: Actuator Types - Pneumatic Actuator Market (Billion US$), 2016 - 2020
Figure-08: Actuator Types - Forecast for Pneumatic Actuator Market (Billion US$), 2021 - 2027
Figure-09: Vehicle Types - Light Commercial Vehicle Market (Million US$), 2016 - 2020
Figure-10: Vehicle Types - Forecast for Light Commercial Vehicle Market (Million US$), 2021 - 2027
Figure-11: Vehicle Types - Passenger Vehicle Market (Billion US$), 2016 - 2020
Figure-12: Vehicle Types - Forecast for Passenger Vehicle Market (Billion US$), 2021 - 2027
Figure-13: Vehicle Types - Heavy Commercial Vehicle Market (Billion US$), 2016 - 2020
Figure-14: Vehicle Types - Forecast for Heavy Commercial Vehicle Market (Billion US$), 2021 - 2027
Figure-15: Application - Throttle Actuator Market (Billion US$), 2016 - 2020
Figure-16: Application - Forecast for Throttle Actuator Market (Billion US$), 2021 - 2027
Figure-17: Application - Seat Adjustment Actuator Market (Billion US$), 2016 - 2020
Figure-18: Application - Forecast for Seat Adjustment Actuator Market (Billion US$), 2021 - 2027
Figure-19: Application - Brake Actuator Market (Billion US$), 2016 - 2020
Figure-20: Application - Forecast for Brake Actuator Market (Billion US$), 2021 - 2027
Figure-21: Application - Closer Actuator Market (Billion US$), 2016 - 2020
Figure-22: Application - Forecast for Closer Actuator Market (Billion US$), 2021 - 2027
Figure-23: Application - Others Market (Billion US$), 2016 - 2020
Figure-24: Application - Forecast for Others Market (Billion US$), 2021 - 2027
Figure-25: North America - Automotive Actuators Market (Billion US$), 2016 - 2020
Figure-26: North America - Forecast for Automotive Actuators Market (Billion US$), 2021 - 2027
Figure-27: Europe - Automotive Actuators Market (Billion US$), 2016 - 20203
Figure-28: Europe - Forecast for Automotive Actuators Market (Billion US$), 2021 - 2027
Figure-29: Asia Pacific - Automotive Actuators Market (Billion US$), 2016 - 2020
Figure-30: Asia Pacific - Forecast for Automotive Actuators Market (Billion US$), 2021 - 2027
Figure-31: Latin America - Automotive Actuators Market (Million US$), 2016 - 2020
Figure-32: Latin America - Forecast for Automotive Actuators Market (Million US$), 2021 - 2027
Figure-33: Middle East Africa - Automotive Actuators Market (Million US$), 2016 - 2020
Figure-34: Middle East Africa - Forecast for Automotive Actuators Market (Million US$), 2021 - 2027
Figure-35: Robert Bosch GmbH - Global Revenue (Billion US$), 2016 - 2020
Figure-36: Robert Bosch GmbH - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-37: Nidec Corporation - Global Revenue (Billion US$), 2016 - 2020
Figure-38: Nidec Corporation - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-39: Denso Corporation - Global Revenue (Billion US$), 2016 - 2020
Figure-40: Denso Corporation - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-41: Johnson Electric - Global Revenue (Billion US$), 2016 - 2020
Figure-42: Johnson Electric - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-43: Mitsubishi Electric Corporation - Global Revenue (Billion US$), 2016 - 2020
Figure-44: Mitsubishi Electric Corporation - Forecast for Global Revenue (Billion US$), 2021 - 2027

List of Tables:
Table-01: Automotive Actuators Market Share by Actuator Types (Percent), 2016 - 2020
Table-02: Forecast for - Automotive Actuators Market Share by Actuator Types (Percent), 2021 - 2027
Table-03: Automotive Actuators Market Share by Vehicle Types (Percent), 2016 - 2020
Table-04: Forecast for - Automotive Actuators Market Share by Vehicle Types (Percent), 2021 - 2027
Table-05: Automotive Actuators Market Share by Application Types (Percent), 2016 - 2020
Table-06: Forecast for - Automotive Actuators Market Share by Application Types (Percent), 2021 - 2027
Table-07: Automotive Actuators Market Share by Region (Percent), 2016 - 2020
Table-08: Forecast for - Automotive Actuators Market Share by Region (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
  • Robert Bosch GmbH
  • Nidec Corporation
  • Denso Corporation
  • Johnson Electric
  • Mitsubishi Electric Corporation
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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