Global Automotive Solenoid Market

Automotive Solenoid Market Size, Share, Growth Analysis, By Function (Fluid Control, Gas Control), By Valve Design, By Vehicle Type, By Application, By Sales Channel, By Region - Industry Forecast 2025-2032


Report ID: SQMIG25A2327 | Region: Global | Published Date: November, 2024
Pages: 218 | Tables: 93 | Figures: 70

Automotive Solenoid Market Dynamics

Drivers

Growing Need for Sophisticated Automation Systems

  • The automobile sector has undergone a revolution thanks to increased automation and digitalization. In the past, automakers produced mechanical actuators that were limited to manually operated applications, like seat adjustments and window winding up and down. The market for solenoids, sometimes referred to as electromechanical actuators, will grow because of rising demand for sophisticated automated applications and good fuel economy. For lifting, tilting, adjusting, placing, retracting, extracting, controlling, opening, and closing all automated applications, solenoids are extensively utilised in trucks and heavy-duty vehicles.

Solenoid Applications in Many Different fields

  • Growing inclination among consumers for new, upgraded gearbox systems like AMT, DCT, and CVT that offer better vehicle control and acceleration, improving the driving experience. This is mostly since modern transmission systems allow torque to be controlled in real time with each gearshift. It takes longer for the torque to set with the new gear as the friction losses caused by gear shifting are minimised and swiftly synchronised with the torque needed for the new gear.

Restraints

Reduction in Car Production over Past Few Years

  • Globally, the auto industry is experiencing a slump. In 2020, there was a 16% decrease in car manufacturing compared to 2010 sales levels, according to the International Organisation of Motor car Manufacturers (OICA). 2020 saw an average decline of more than 21% across Europe. There were significant drops in all major producing nations, ranging from 11% to over 40%. Europe contributed over 22% of the world's production. With 15.7 million units produced in 2020, North America accounted for 20% of worldwide production.

Solenoid Valve Technical Issues to Impact Growth Rates

  • There aren't many issues that regularly impair solenoid valve functionality. Partially closed valves, improperly opening valves, irregular valve sounds, and coil issues are a few of the typical issues with solenoid valves. For example, manual override, pressure differential, residual coil power, damaged armature tube, and damaged valve seats can all lead to valve partial closure. In addition, improper voltage, dirt accumulation under the diaphragm, uneven pressure, and power outages can all prevent some solenoid valves from opening.
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FAQs

Automotive Solenoid Market size was valued at USD 4.93 Billion in 2023 and is poised to grow from USD 5.28 Billion in 2024 to USD 9.14 Billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).

The competitive environment of the global automotive solenoid market is defined by the existence of well-known global firms like Continental AG, Mitsubishi Electric Corporation, Hitachi Ltd., Robert Bosch GmbH, and Denso Corporation. These businesses rule the market thanks to their wide range of products, innovative technology, and well-thought-out alliances. In addition, new competitors are entering the market with an emphasis on innovation and growth to capitalise on the rising demand for solenoid-based solutions in the automotive sector, which is leading to increasing competition in the market. 'Robert Bosch GmbH (Germany) ', 'Continental AG (Germany) ', 'BorgWarner Inc. (USA) ', 'Hitachi Ltd. (Japan) ', 'Johnson Electric Holding Ltd. (Hong Kong) ', 'Mitsubishi Electric Corporation (Japan) ', 'Global Point Magnetics Asia Co. Ltd (China) ', 'Padmini VNA Mechatronics Pvt Ltd (India) ', 'Infineon Technologies AG (Germany) ', 'Eaton Corporation (USA) ', 'DENSO Corporation (Japan) ', 'Emerson Electric Co. (USA) ', 'GKN Automotive Limited (UK) ', 'Kendrion N.V. (Netherlands) ', 'MAHLE GmbH (Germany) ', 'Rheinmetall Automotive (Germany) ', 'Schaffler AG (Germany) ', 'Valeo (France) ', 'Schneider Electric (France) ', 'Bitron Industrie SpA (Italy) '

The automobile sector has undergone a revolution thanks to increased automation and digitalization. In the past, automakers produced mechanical actuators that were limited to manually operated applications, like seat adjustments and window winding up and down. The market for solenoids, sometimes referred to as electromechanical actuators, will grow because of rising demand for sophisticated automated applications and good fuel economy. For lifting, tilting, adjusting, placing, retracting, extracting, controlling, opening, and closing all automated applications, solenoids are extensively utilised in trucks and heavy-duty vehicles.

Solenoid Valves in Water Treatment and Process Automation: The increasing use of solenoid valves in a variety of process industries, motivated by a growing desire for more advanced process automation, is the primary cause of the rising demand for these valves. One noteworthy area where solenoid valves are being widely used is the water treatment industry, where these valves are essential for meeting a variety of operating requirements. Soon, solenoid valve demand is expected to rise steadily as efforts to find more effective water treatment methods intensify.

The North American automobile sector is witnessing an increase in the popularity of electric and hybrid vehicles. Solenoids are essential components of electric and hybrid vehicles in areas such as electric power steering and battery management. More people are switching to greener, more efficient forms of transportation, which is increasing the demand for solenoids. Europe is renowned for producing high-end and luxurious automobiles. These cars frequently have air suspension systems and active chassis control, two cutting-edge innovations that depend on solenoids. This region's driver is the luxury automobile market's need for premium solenoids. In addition, the automotive solenoid market in Germany accounted for the greatest portion of the market, while the automotive solenoid market in the UK grew at the quickest rate in the European Union.

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Global Automotive Solenoid Market

Report ID: SQMIG25A2327

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