USD 18.6 Billion
Automotive Actuators Market Size, Share, Growth Analysis, By Product(Brake Actuators, Cooling Valve Actuators, EGR Actuators, Grill Shutter Actuators), By Actuation(Operational Data, Hydraulic, Pneumatic, and Electric), By Motion(Linear, Rotary), By Artificial Muscles(Shape Memory Alloy (SMA), and Smart Polymers), By Vehicle Type(On-highway (Passenger Car, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HEV)), and Off-Highway), By Application(Operational Data, Engine, Body Control & Exterior, and Interior Actuators), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2162 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
61
|Figures:
75
Automotive Actuators Market Insights
Automotive Actuators Market size was valued at USD 20.9 Billion in 2023 and is poised to grow from USD 21.92 Billion in 2024 to USD 32.14 Billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).
The automotive actuators industry is the fastest-growing sector that manufactures and sales different types of actuators used in applications of automobile. In simplest terms, an actuator may be defined as a mechanism that converts energy into a form of motion, or electric motors, hydraulic pumps, or pneumatic cylinders. The use of automotive actuators is basically for the purpose of providing electronic control and automation to the in-vehicle systems such as power steering, brakes, air conditioning, and fuel injection. The automobile industry's growing tendency toward automation is also predicted to raise demand for actuators. Moreover, key drivers that are influencing the global automotive actuators market growth are an expansion in the overall automobile sector and the continuously increasing requirement of smaller automobiles' engines for increased fuel economies. Due to the steadily increasing security and safety concerns associated with the installation of car actuators in vehicles, installing automotive actuators in a vehicle has become increasingly normal and affordable with the surge in accidents resulting from drinking and driving, reckless driving, and loss of control. Governments in various countries are promoting the use of hydraulic and electric actuators in the automobile industry as a result of increasing environmental awareness.
US Automotive Actuators Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
ICE
Fastest Growth
Electric
Growth Rate
6.6% CAGR
Global Automotive Actuators Market ($ Bn)
Country Share for Asia-Pacific (%)
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Automotive Actuators Market Segmental Analysis
Global Automotive Actuators Market is segmented on the product, actuation, motion, artificial muscles, vehicle type, application, and region. By product, market is segmented into Brake Actuators, Cooling Valve Actuators, Egr Actuators, Grill Shutter Actuators, Headlamp Actuators, Hvac Actuators, Power Seat Actuators, Power Window Actuators, Steering Column Adjustment Actuators, Sunroof Actuators, Tailgate Actuators, Throttle Actuators, Turbo Actuators, Telescopic Nozzle Actuators, Piezoelectric Actuators, and Door Lock Actuators. By Actuation, market is segmented into operational data, hydraulic, pneumatic, and electric. By motion, market is segmented into linear, and rotary. By Artificial Muscles, market is segmented into Shape Memory Alloy (Sma), and Smart Polymers. By vehicle Type, market is segmented into on-highway (Passenger Car, Light Commercial Vehicle (Lcv), and Heavy Commercial Vehicle (Hev)), and off-highway. By application, market is segmented into operational data, engine, body control & exterior, and interior actuators. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Vehicle Type
Based on the global automotive actuators market analysis, the SUV segment has become one of the most popular vehicles, becoming the top choice for buyers who are in need of increased safety features, space, and adaptability. In 2023, SUVs continued to rise, with Ford Explorer and Toyota RAV4 being the top performers in sales. There may be several reasons for this increase, such as consumer demand for larger cars that provide more space for passengers, cargo, and higher driving positions. Moreover, newer SUV models also have much better fuel economy, which appeals to people concerned about the environment. It is due to their broad range of options at various pricing ranges that SUVs are going to be the dominating automobile industry for many more years to come.
However, the hatchback/sedan segment will gain significant share in the coming years as buyers continue to be attracted by these models given their price and practicality. Hatchbacks appeal in 2023 are small-sized and suitable for a city. Their lower acquisition costs and better fuel efficiency are an attraction, mainly in areas where affordable transportation represents a prime concern. Their lower acquisition costs and better fuel efficiency make them attractive, especially in areas where affordable transportation is a prime concern. This segment is predicted to thrive, and hatchbacks/sedans would lead the market due to rising urbanization and the requirement of cars that are easy to park and drive. In addition to that, these car models are gaining more and more modern technologies which make them attractive to more and more young, techno-savvy customers.
Analysis By Propulsion
The demand for passenger and commercial vehicles, especially in developing and emerging nations, increased sharply in 2023, which supported the ICE segment in retaining its leadership of the global automotive actuators industry. The need to have personal transportation has surged in these regions with growing urbanization and disposable incomes, thus driving the growth of ICE cars. In addition, strict government policies that promote the advancement of fuel-efficient car technology improve the industry. Automakers are focusing on developing new and enhanced parts that improve fuel efficiency in countries such as India, where they are being forced to design flex-fuel engines. This governmental aid will ensure that ICE vehicles maintain their market dominance for the near future.
Contrarily, as per the automotive actuators market forecast, the global need for electrification and environmentally friendly transportation has made the electric sector the fastest-growing category of the market. In this direction, governments across the globe have strengthened their emission policies and have offered incentives to popularize the use of EVs amidst rising concerns over air pollution and climatic change. For that reason, sales of EVs have grown multifold in North America, Europe, and some parts of Asia. With increasing infrastructure for charging stations, electric vehicles are becoming more accessible and inexpensive with advancing technology. As governments and consumers increasingly focus on sustainability and energy efficiency in the automotive sector, the trend toward electric mobility is expected to gain pace.
Global Automotive Actuators Market By Propulsion
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Automotive Actuators Market Regional Insights
Asia-Pacific has benefited from the region's marked increase in market share for automotive actuators because of rapid urbanization, rising disposable incomes, and a rapidly expanding automotive industry. China, Japan, and South Korea lead the charge in transforming the region into a global hub for automotive innovation and production. With local car makers investing more in cutting-edge technology such as electric mobility and vehicle safety, Asia Pacific became one of the major players in the automobile manufacturing industry in 2024. Government programs focusing on the use of EVs and the development of safer, more intelligent automobiles are driving up the demand for automotive actuators, which play an important role in many systems-from powertrains to brakes, and safety features.
However, the automotive actuators market in Europe is widening at a vast pace due to several reasons such as the broadly established automotive manufacturing base through strict laws on pollution along with increasing demand for electric vehicles. Use of actuators became imperative owing to various working conditions in the EV availed by engine control, battery management, or electronic stability control for ambitious sustainability goals in Europe's nation. Actuator systems generally optimize their performance towards energy efficiency and safety systems in addition to environmental compliance. The European market is strengthened by its increasing focus on innovation and active restrictions on carbon emissions which increase the demand for sophisticated actuators in the automobile industry.
Global Automotive Actuators Market By Geography
- Largest
- Fastest
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Automotive Actuators Market Dynamics
Automotive Actuators Market Drivers
Increasing Demand for Electric Vehicles
-
There has been a massive demand generated by electric vehicles (EVs) in the automobile segment. Electric vehicles require actuators to control their power trains, manage their batteries, or check the electronic stability systems along with other crucial applications. Growing demands of EVs manufactured today primarily result from strict pollution restriction in every government and consumers' need to have a greener source of transport, thereby majorly affecting the global automotive actuator market.
Better Regulations in Vehicle Safety
-
Another factor driving the automotive actuators market is the increasing concern over vehicle safety. Most advanced safety systems, such as airbags, collision detection, and automated braking, require actuators for proper operation. Manufacturers are fitting more actuators to their cars to meet the regulatory requirements and enhance the overall safety performance of their vehicles as the safety standards in all parts of the world become more stringent.
Automotive Actuators Market Restraints
High Cost of Advanced Actuators
-
The sophisticated and specialized nature of modern actuators, particularly those in autonomous systems and electric automobiles, leads to high production costs. This may bar their extensive use, especially in entry-level or inexpensive cars. High cost is a serious impediment to the market expansion of actuators, particularly those needed for automation and accuracy in safety.
Challenges in the Supply Chain
-
Global supply chain disruptions, which include raw material shortages and logistical delays, are a critical barrier for the automotive actuators industry. For many automobile companies, the production of actuators was affected by the scarcity of semiconductors in general. The challenges can lead to stalling market growth through a slowdown in car production and the delay in introducing new technologies requiring complex actuators.
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Automotive Actuators Market Competitive Landscape
The competitive landscape of the automotive actuators market is represented by several large manufacturers emphasizing innovations and technical developments. Companies have heavily invested in R&D efforts for developing advanced actuators as demanded by the rapidly growing technology demand for autonomous driving, sophisticated safety systems, and battery-driven automobiles. To improve market positions and expand diversified product ranges, companies are engaged in many strategic alliances, partnerships, and acquisition programs.
Automotive Actuators Market Top Player’s Company Profile
- Robert Bosch (Germany)
- Hella GmbH & Co. KGaA (Germany)
- Continental AG (Germany)
- Johnson Electric (Hong Kong)
- Denso Corporation (Japan)
- Mitsubishi Electric Corporation (Japan)
- Nidec Corporation (Japan)
- BorgWarner (US)
- Hitachi Automotive Systems Ltd. (Japan)
- Stoneridge Inc. (US)
- Mahle GmbH (Germany)
- EFI Automotive (France)
- ZF Friedrichshafen AG (Germany)
- Magneti Marelli (Italy)
- Valeo SE (France)
- Nook Industries Inc. (US)
- Actus Manufacturing Inc. (US)
- Thermotion (US)
- CTS Corporation (US)
- APC International, Ltd. (US)
- Hoerbiger Holding AG (Switzerland)
- Cebi International SA Group (Luxembourg)
- Tolomatic, Inc. (US)
- Actuonix Motion Devices (Canada)
Automotive Actuators Market Recent Developments
- The Dutch automotive actuator company was acquired by Solero Technologies, based in Rochester Hills, in April 2024. This acquisition would add one facility in the United States and five European factories in Germany, Romania, and the Czech Republic to the operations of Solero, thereby tripling the company's yearly income.
- ZHAOWEI has launched a smart electric tailgate actuator, which it introduced in February 2024. As a newly designed tailgate actuator, it is stable for opening and shutting the tailgate, due to its compactness and two core shafts.
- During September 2023, Marelli launched new lines of multifunctional smart actuators for electric vehicles, which supports easier work with complex vehicle systems. The electronic module within the new smart actuator is connected to the vehicle's electronic network and manages to operate the actuator alone.
Automotive Actuators Key Market Trends
- Smart Actuator Integration in Autonomous Vehicles: The application of smart actuators in driverless cars is gaining increasing momentum. Without human support, these actuators facilitate a number of operations including steering, stopping, and acceleration. As the advanced technology of autonomous driving comes along with the guarantee of precision and security of the automated driving systems, the necessity for smart actuators is gaining increasingly. This, therefore, creates an increasing demand for the parts.
- Trend Toward Light-Weight Actuators: Automakers are putting more and more emphasis on the lightweighting and shrinking of actuators to increase vehicle performance, lower energy consumption, and improve economy. In electric cars, every weight reduction may increase battery range, so smaller and lighter actuators are critical for improved fuel economy. As the automobile industry works to create more efficient and small car components, this trend is anticipated to continue.
Automotive Actuators Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the automotive actuators market is growing rapidly. There are many factors such as rising demand for electric vehicles (EVs), complex safety features, and the integration of autonomous driving technology that is boosting the automobile actuator market. Smart cars increasingly apply smart actuators since automakers now include actuators to increase performance, efficiency, and safety. Government subsidies on EVs and the necessity for stronger pollution rules are also stimulating market development. Issues such as high production costs, the disruption of supply chains, and the need for constant innovation remain. The future for the market looks bright with key competitors focusing on research & development to fulfill customer needs and regulatory needs in this evolving industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 19.92 billion |
| Market size value in 2031 | USD 30.64 billion |
| Growth Rate | 4.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Actuators Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Actuators Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Actuators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Actuators Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Actuators Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Actuators Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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