According to the report compiled by Fact.MR, the global automotive actuators market is likely to witness robust growth. The market is estimated to register 6.1% CAGR during the forecast period, 2017-2022. Owing to the better performance, consistency, and saving energy, actuators in the automotive industry are gaining a lot of traction. With increasing use in cars, manufacturers are also providing a new and improved form of actuators, thereby eliminating fluid leaks and improving energy efficiency. Mini electric actuators are also being used in automotive sensor system and advanced driver assistance system.
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This report includes the introduction to the market and a standard definition of the product – automotive actuators. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period. The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive actuators market. Considering the interconnectedness of the automotive actuators market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
Forecast Highlights on Global Automotive Actuators Market
1- Asia-Pacific Excluding Japan (APEJ) is likely to emerge as the dominating market in the global automotive actuators market. Witnessing a robust growth, APEJ is estimated to exceed US$ 7,300 million revenue by the end of 2022. Stringent regulations on emission and fuel consumption in the automobile industry in various countries in APEJ are driving the growth of automotive actuators in the region. Meanwhile, Japan is also moving towards becoming a hub for automotive component manufacturing.
2- Europe and North America are also likely to emerge as the lucrative markets for automotive actuators. Owing to the rising environmental concerns and the fast adoption of innovative technologies are some of the factors contributing to the growth of automotive actuators in Europe and North America.
3- The waste-gate actuator is likely to be one of the most lucrative products in the global automotive actuators market. By the end of 2022, waste-gate actuators are estimated to surpass US$ 3,300 million revenue. Meanwhile, power seat actuators are also anticipated to witness steady growth during the forecast period.
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Table of Contents:
- Global Automotive Actuators Market - Executive Summary
- Global Automotive Actuators Market Overview 2.1. Introduction 2.1.1. Global Automotive Actuators Market Taxonomy 2.1.2. Global Automotive Actuators Market Definition 2.2. Global Automotive Actuators Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Automotive Actuators Market Y-o-Y Growth 2.3. Global Automotive Actuators Market Dynamics 2.4. Supply Chain 2.5. Cost Structure 2.6. Pricing Analysis 2.7. Product Life Cycle Analysis 2.8. List of Distributors 2.9. Key Participants Market Presence (Intensity Map) By Region
- Global Automotive Actuators Market Analysis and Forecast By Product Type 3.1. Global Automotive Actuators Market Size and Forecast By Product Type, 2012-2022 3.1.1. Waste-gate Actuator Market Size and Forecast, 2012-2022 3.1.1.1. Revenue (US$ Mn) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. VGT Actuator Market Size and Forecast, 2012-2022 3.1.2.1. Revenue (US$ Mn) Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region 3.1.3. Throttle Actuator Market Size and Forecast, 2012-2022 3.1.3.1. Revenue (US$ Mn) Comparison, By Region 3.1.3.2. Market Share Comparison, By Region 3.1.3.3. Y-o-Y growth Comparison, By Region 3.1.4. Brake Actuator Market Size and Forecast, 2012-2022 3.1.4.1. Revenue (US$ Mn) Comparison, By Region 3.1.4.2. Market Share Comparison, By Region 3.1.4.3. Y-o-Y growth Comparison, By Region 3.1.5. EGR Actuator Market Size and Forecast, 2012-2022 3.1.5.1. Revenue (US$ Mn) Comparison, By Region 3.1.5.2. Market Share Comparison, By Region 3.1.5.3. Y-o-Y growth Comparison, By Region
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