Home / Automobile / Global Automotive Actuators Market Report 2016

Global Automotive Actuators Market Report 2016

  • Id : RNR-54134
  • Category : Automobile
  • Publish Date : 2016
  • Pages : 0
  • Format : PDF
License Type

Description
The actuator industry has undergone rapid technological advancements due to factors such as low cost and constant product development which have widened its range of applications. The increasing need for new safety and luxury features in the vehicles has pushed towards a rising demand for actuators in the forecast period. Certain trends such as driver assistance systems, semi-autonomous vehicles, fully-autonomous vehicles, telematics, and electric vehicle (EV)/ hybrid electric vehicle (HEV) is believed to actively disrupt the automotive industry, which will further reinforce and accelerate the growth of the sensors and actuators market. The market is estimated to reach $27.5 billion by 2022 at a CAGR of 3.2% between 2016 and 2022. Stringent regulations on a vehicle’s emission levels resulting in a high demand for efficient vehicles is one of the major factors which has contributed to the overall market growth. However, the market consists of certain constraints such as pricing pressure and low preference of diesel powered cars. 
The brake actuator dominated the market by value and accounted for 26.5% share, whereas thermal actuators dominated the market by volume and accounted for 25.6% share. High prices and mandatory installation of anti-lock braking systems and electronic stability systems in countries such as the U.S and European Union are some of the major factors supporting the high market sales of brake actuators.
The widespread application of actuators in passenger cars accounted for a major share of the total automotive actuators market in 2015. Demand for fuel efficient vehicles, high production rate, and development of performance enhancement technologies are the main reasons behind the increase in the growth of the passenger cars actuator market.
APAC was the maximum revenue generating region in 2015 and is also expected to grow at a faster rate with 3.8% between 2016 and 2022 in comparison to other regions. Factors such as a well-established automotive industry, increasing disposable incomes, and stringent regulations on vehicle’s emissions are some of the central factors contributing to the current market growth in APAC.
Some of the prominent key players in the industry Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K), Hella KGaA Hueck & Co (Germany), BorgWarner Inc. (U.S), Hitachi Ltd.(Japan), and Johnson Electric Holding Ltd. (Hong Kong). These companies are aiming for widespread business expansion through mergers & acquisitions, partnerships, and product launches to prevent the new entrants from capturing/entering the market.
The overall demand for automotive actuators is constantly  rising owing to the growing demand for efficient and battery driven vehicles. Moreover, a growing influence of regulations on vehicle’s carbon emissions and emission ratings on OEMs are some of the  major factors responsible for  enhancing the global growth of automotive actuators. The market is estimated to witness a growth at a CAGR of 3.2% over the period of 2016 to 2022. The report is a compilation of various segmentations including market breakdown by product type, vehicle type, and different geographical regions.

The report provides a detailed  market analysis and forecast with respect to its various under- the- hood actuators such as Exhaust Gas Recirculation (EGR), brakes, throttles, thermal (HVAC and engine cooling system), intake flaps, exhausts, wastegate, and variable-geometry turbochargers (VGT). While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different vehicles that are analyzed which includes passenger cars, light commercial vehicles, heavy trucks, and heavy buses. It also examines the role of the leading market players involved in the industry.

The report answers the following key questions about the global automotive actuators market:
•    What is the global automotive actuators market size in terms of revenue and volume from 2015-2022?
•    What is the dominant product and vehicle type by revenue and volume used in the automotive actuators market?
•    What is the revenue generated and volume shipped by the different actuators and vehicles in the automotive actuators market?
•    What are the different factors driving the market in the forecast period?
•    What are the major factors challenging the growth of global automotive actuators market?
•    What kind of new strategies are being adopted by existing market players to make a mark in the industry?
•    Which region will lead to the global automotive actuators market by the end of the forecast period?
The company profiles section includes highlights of significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years (2014-2016). Some of the key players are Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K), Hella KGaA Hueck & Co (Germany), BorgWarner Inc. (U.S), Hitachi Ltd.(Japan), and Johnson Electric Holding Ltd. (Hong Kong).
Asia-Pacific generated the maximum revenue in the year 2015 and is also expected to grow at the fastest rate in the forecast period. The global automotive actuators market is expected to reach $27.5 billion in total market value and 1.8 billion units by volume during the end of the forecast period.