Automotive Actuators Market is estimated to grow at a CAGR of 7.7% from 2020 to 2027
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The growth of the market is attributed to growing demand for advanced automation systems coupled with increasing inclination towards fuel-efficient vehicles
VANCOUVER, BC, CANADA, June 14, 2022 /EINPresswire.com/ -- The global Automotive Actuators Market is projected to reach USD 41.09 billion by 2027, according to a recent report by Emergen Research. Rising automation and medical aid within the automotive trade area has been increasing the demand for vehicles with advanced options and property.
The new age passenger vehicle is provided with over 124 motor units in order to manage varied applications like light source positioning, grill shutter, seat adjustment, HVAC systems, and fluid and refrigerant valves, among others. Actuators play a key role in activating these applications as they convert an electrical signal into the specified linear and movement to supply the specified physical movement. Passenger cars, one among the segments analyzed by our analysts and sized during this study, displays the potential to grow manifold owing to increased demand of small vehicles across various parts of the globe.
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Competitive Terrain:
The Global Automotive Actuators Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Key participants include Denso Corporation, Nidec Corporation, Robert Bosch GmbH, Johnson Electric, Mitsubishi Electric Corporation, Honeywell, Curtis-Wright, Flowserve, Emerson Electronic and SMC.
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The global Automotive Actuators market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Automotive Actuators sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented into the global Automotive Actuators Market on the basis of vehicle type, applications and region:
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Passenger Cars
Commercial Vehicles
Applications Outlook (Revenue, USD Billion; 2017-2027)
Throttle Actuator
Seat Adjustment Actuator
Brake Actuator
Closer Actuator
Others
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Key Findings from the Report Suggest:
Linear actuators pose a longer term of the automated actuators market as a result of they will be employed in machinery, valves and different places wherever linear motion is needed. Since the automation is rising and manufacturing plant automation is combined with the web of things the utilization of linear actuators is rising.
Within Europe, that continues to stay a vital part within the world economy, Federal Republic of Germany can add over USD 317.4 Million to the region's size and clout within the next five to six years, as a result of its magnified demand for vehicles and technologically aware shoppers.
Over USD 277.2 Million price of projected demand within the region can return from the remainder of the ecu markets. In Japan, traveler Cars can reach a market size of USD 819.2 Million by the shut of the analysis amount.
Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Automotive Actuators market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Automotive Actuators market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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Global Automotive Actuators Market Report – Table of Contents:
Chapter 1 includes the global Automotive Actuators market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Automotive Actuators market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Automotive Actuators market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Automotive Actuators industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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