Automotive Actuator Market
Automotive Actuator Market Study by Waste Gate, VGT, Throttle, Brake, EGR, Power Seat, Grille, HVAC, and Headlamp Actuators for Passenger Cars, Commercial Vehicles, and HCVs from 2024 to 2034
Analysis of Automotive Actuator Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Actuator Market Outlook (2024 to 2034)
Revenue from the global automotive actuator market is estimated to reach US$ 22.45 billion in 2024. The market has been analyzed to climb to a value of US$ 42.53 billion by the end of 2034, expanding at a CAGR of 6.6% over the next ten years.
Automotive actuators play an important role in actuating applications in brakes and steering systems, as well as seat adjustment and headlight positioning mechanisms. They are used to convert electric signals into the necessary rotary and linear motion to produce physical movement.
Key Market Growth Drivers
- Automotive actuator sales are on a steady rise globally, driven by the growing production of both passenger and commercial vehicles.
- Increasing sales of electric and hybrid vehicles have pushed the demand for actuators. These components are crucial in electric powertrains to control functions such as throttle response, braking systems, and HVAC operations.
- High adoption of ADAS technologies, including adaptive cruise control, lane-keeping assistance, and automated parking systems, has necessitated precise control over steering, braking, and acceleration, thereby boosting the demand for actuators.
- As vehicle autonomy advances, there is a projected increase in the demand for actuators, driving growth in the market.
- Automakers are increasingly integrating technologies like variable valve timing systems and turbochargers to meet stringent global emission standards and fuel efficiency regulations, relying heavily on actuators for optimal performance.
- Consumer preference for vehicles equipped with features such as power seats, automated tailgates, and adjustable mirrors is growing. Actuators enable these features, enhancing overall driving comfort and customer satisfaction.
- Expansion of automotive manufacturing in developing nations, coupled with rising global vehicle sales, is fueling demand for actuators across various vehicle segments, including passenger cars and commercial vehicles.
- Increasing integration of electronics and automation in vehicles is contributing to the expansion of the automotive actuator market size. Advancements in technology are expected to see various actuators deployed on autonomous vehicles to enhance safety and comfort.
| Report Attribute | Detail |
|---|---|
| Automotive Actuator Market Size (2024E) | US$ 22.45 Billion |
| Projected Market Value (2034F) | US$ 42.53 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.6% CAGR |
| East Asia Market Growth Rate (2024 to 2034) | 7.6% CAGR |
| North America Market Growth Rate (2024 to 2034) | 6.1% CAGR |
| Passenger Car Segment Value (2024E) | US$ 14.66 Billion |
| Brake Actuator Segment Value (2024E) | US$ 4.24 Billion |
| Key Companies Profiled | Delphi Automotive; Mitsubishi Corporation; Denso Corporation; Robert Bosch GmbH; Continental AG; BorgWarner Inc.; CTS Corporation; Delphi Technologies Pl; HELLA KGaA Hueck & Co; Hitachi, Ltd; Johnson Electric Holdings Limited; Magna International, Inc.; Magneti Marelli S.p.A.; Mahle GmbH; Actus Manufacturing, Inc.; Thermotion LLC; Marelli. |
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Why is Importance of Automotive Actuators at an All Time High?
“Surge in Automobile Production and Increasing Integration of Automation in Vehicles”
Automotive actuators play a key role in applications such as braking and steering systems, as well as in-seat adjustments and headlight positioning mechanisms. They convert electrical signals into necessary rotary and linear motions to achieve specific physical movements. Increasing integration of electronics and automation in vehicles is a key factor driving global automotive actuator market growth.
Advancements in technology are expected to see various actuators installed on autonomous vehicles, aiming to enhance both comfort and safety. Sales of automotive actuators continue to rise in tandem with the ongoing growth in automobile sales and production worldwide, encompassing both passenger and commercial vehicles. Software programs, actuators, and sensors are recognized as foundational elements in current automotive systems and are contributing to automotive actuator market trends.
What Should Manufacturers of Automotive Actuators Look At?
“R&D Efforts to Improve Efficiency and Performance Necessitating Significant Investments”
Actuators need to operate reliably and efficiently in diverse environments, including extreme temperatures, vibrations, and contamination. Long-term durability and reliability are critical to avoiding failures that can compromise the performance or safety of vehicles.
Actuators need to keep up with advancements such as electrification, connectivity, and automation. This necessitates ongoing research and development efforts to improve performance, efficiency, and functionality and high investments. This is impeding automotive actuator market growth. The environmental impact of automotive components, including actuators, is receiving more attention. Materials selection, energy efficiency, and recyclability need to be considered by manufacturers when designing products.
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Country-wise Insights
North America is expected to hold 18.5% of the global market share in 2024. Meanwhile, East Asia is poised to hold a share of 30.7% in 2024. In response to rising vehicular emissions and increased demand for environmentally friendly vehicles, the Indian government has imposed stringent regulations. This initiative is expected to fuel market growth during the forecast period. As a result, many car manufacturers are investing in India through a variety of schemes.
What are the Opportunities for Automotive Actuator Manufacturers in the United States?
“Rising Demand for Vehicles with Innovative Features and Focus on R&D”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 2.82 Billion |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 5.14 Billion |
The United States is estimated to account for an automotive actuator market share of 68% in North America in 2024 due to the increasing focus of international firms in the country on mergers, acquisitions, collaborations, and partnerships with start-up companies to co-develop technologically advanced electromagnetic actuators is driving market growth. Furthermore, the increased demand for vehicles with innovative features, as well as the increasing number of autonomous vehicle testing procedures in this country, are expected to boost automotive actuator sales.
Why is China a Hub for Automotive Actuator Production?
“Capability of Manufacturing Electronic Components in Large Volumes”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 4.67 Billion |
| Growth Rate (2024 to 2034) | 7.1% CAGR |
| Projected Value (2034F) | US$ 9.28 Billion |
China is expected to rule over the East Asia-based automotive actuator market with a major revenue share of 67.8% in 2024. China is considered one of the largest vehicle producers, which is projected to be a dynamic factor in increasing product sales in East Asia. The country has the potential to manufacture several automotive-based electronic components in large volumes at a lower price due to the ease in availability of raw materials and technological advancement, which offers a competitive edge over other economies.
Category-wise Insights
The global automotive actuator market is categorized into product types, which are further categorized into wastegate actuators, VGT actuators, throttle actuators, brake actuators and EGR actuators, power seat actuators, grille shutter, HVAC actuators, and headlamp actuators. In terms of vehicle category, the market is further divided into passenger cars and commercial vehicles, of which the former is set to hold a market share of 65.3% in 2024.
Why is There Extensive Adoption of Throttle Actuators?
“Throttle Actuators Improving Fuel Efficiency by Optimizing Engine Operation”
| Attribute | Throttle Actuators |
|---|---|
| Segment Value (2024E) | US$ 3.21 Billion |
| Growth Rate (2024 to 2034) | 6.1% CAGR |
| Projected Value (2034F) | US$ 5.81 Billion |
The throttle actuator is an important component in modern vehicle engine management systems. It regulates the amount of air that enters the engine, thereby affecting engine power and torque output. This functionality is required to achieve peak engine performance, fuel efficiency, and emissions control. Throttle actuators are linked to sophisticated engine management systems that optimize fuel-air mixture ratios and throttle response based on operating conditions (e.g., speed, load, and temperature).
This integration is enhancing the efficiency and performance of the engine. Throttle actuators play an important role in increasing fuel efficiency by optimizing engine operation and reducing unnecessary consumption. They also help reduce emissions by maintaining precise control over combustion parameters and minimizing pollutants.
Why is the Passenger Car Segment Key for Actuator Manufacturers?
“High Demand for Fuel-efficient Personal Vehicles”
| Attribute | Passenger Cars |
|---|---|
| Segment Value (2024E) | US$ 14.66 Billion |
| Growth Rate (2024 to 2034) | 6.3% CAGR |
| Projected Value (2034F) | US$ 26.92 Billion |
Demand for fuel-efficient vehicles is increasing, driven further by rising oil and energy prices, which act as catalysts for the market. The passenger car segment is projected to maintain a steady growth trajectory from 2024 to 2034, supported by these factors.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
To increase the adoption across the lucrative areas, key players in the automotive actuator industry are using a combination of organic & inorganic methodologies, in addition to partnerships and collaborations with prominent end-use verticals such as automotive manufacturers.
- Marelli, in September 2023, introduced a new line of multipurpose smart actuators aimed at electric vehicles, designed to simplify the actuation of complex vehicle features. As future cars are expected to have more than 100 actuators with various purposes, this solution will assist carmakers in reducing complexity and simplifying integration in vehicles' mechanical and electronic environments.
- In 2022, Continental AG entered into a partnership with Arkamys to improve the audio solutions in vehicles where the continental sound type of automotive actuators was installed in a demo vehicle firstly fortified with conventional commodity speakers.
Fact.MR provides detailed information about the price points of prominent manufacturers of automotive actuators positioned across the world, sales growth, production capacity, and technological advancements, in this recently updated market report.
Segmentation of Automotive Actuator Market Research
-
By Product :
- Wastegate Actuators
- VGT Actuators
- Throttle Actuators
- Brake Actuators
- EGR Actuators
- Power Seat Actuators
- Grille Shutters
- HVAC Actuators
- Headlamp Actuators
-
By Vehicle :
- Passenger Cars
- Commercial Vehicles
- Heavy Commercial Vehicles
-
By Working :
- Pneumatic
- Hydraulic
- Electromagnetic
- Gear Motors or Electric
-
By Sales Channel :
- OEMs
- Aftermarket
-
By Region :
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Working 6.2. Product 6.3. Vehicle 6.4. Sales Channel 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Working 7.1. Pneumatic 7.2. Hydraulic 7.3. Electromagnetic 7.4. Gear Motors or Electric 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product 8.1. Wastegate Actuators 8.2. VGT Actuators 8.3. Throttle Actuators 8.4. Brake Actuators 8.5. EGR Actuators 8.6. Power Seat Actuators 8.7. Grille Shutters 8.8. HVAC Actuators 8.9. Headlamp Actuators 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Vehicle 9.1. Passenger Cars 9.2. Commercial Vehicles 9.3. Heavy Commercial Vehicles 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel 10.1. OEMs 10.2. Aftermarket 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Working, Product, Vehicle, Sales Channel, and Region for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Delphi Automotive 21.2. Mitsubishi Corporation 21.3. Denso Corporation 21.4. Robert Bosch GmbH 21.5. Continental AG 21.6. BorgWarner Inc. 21.7. CTS Corporation 21.8. Delphi Technologies Pl 21.9. HELLA KGaA Hueck & Co 21.10. Hitachi, Ltd 21.11. Johnson Electric Holdings Limited 21.12. Magna International, Inc. 21.13. Magneti Marelli S.p.A. 21.14. Mahle GmbH 21.15. Actus Manufacturing, Inc. 21.16. Thermotion LLC 21.17. Marelli 22. Assumptions and Acronyms Used 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Working, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Working, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Working, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Vehicle, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Vehicle, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Vehicle, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Working, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Working, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Working, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Vehicle, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Vehicle, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Vehicle, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Working, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Working, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Working, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Vehicle, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Vehicle, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Vehicle, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Working, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Working, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Working, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Vehicle, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Vehicle, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Vehicle, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Working, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Working, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Working, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Vehicle, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Vehicle, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Vehicle, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Working, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Working, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Working, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Vehicle, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Vehicle, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Vehicle, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Working, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Working, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Working, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Vehicle, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Vehicle, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Vehicle, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Working, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Working, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Working, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Vehicle, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Vehicle, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Vehicle, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Working, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Working, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Working, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Product, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Vehicle, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Vehicle, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Vehicle, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Working, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Working, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Working, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Vehicle, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Vehicle, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Vehicle, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Working, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Working, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Working, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Vehicle, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Vehicle, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Vehicle, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Working, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Working, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Working, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Vehicle, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Vehicle, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Vehicle, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Working, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Working, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Working, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Vehicle, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Vehicle, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Vehicle, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Working, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Working, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Working, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Product, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Product, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Vehicle, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Vehicle, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Vehicle, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Working, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Working, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Working, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Product, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Product, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Vehicle, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Vehicle, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Vehicle, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Working, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Working, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Working, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Product, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Product, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Vehicle, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Vehicle, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Vehicle, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by Sales Channel, 2024 to 2034
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- FAQs -
How big is the automotive actuator market in 2024?
The global automotive actuator market is estimated at US$ 22.45 billion in 2024.
What are the sales projections for automotive actuators by 2034?
The market for automotive actuators is forecasted to expand at a CAGR of 6.6% to reach US$ 42.53 billion by 2034.
At what rate is the market projected to expand in China?
The market in China is forecasted to rise at 7.1% CAGR between 2024 and 2034.
What is the projected market size for automotive actuators in Japan?
The market in Japan is forecasted to reach US$ 3.46 billion by the end of 2034.
How much market share do the brake actuators account for?
Brake actuators are estimated to account for 18.9% of the global market share in 2024.
What is the share of North America in the global market?
North America is estimated to hold a market share of 18.5% in 2024.
Who are the leading manufacturers of automotive actuators?
Hitachi, Ltd, Johnson Electric Holdings Ltd, and Magna International, Inc. are some of the key players in the market.
Automotive Actuator Market