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[190+ Pages PDF Report] global Automotive Actuators market is predicted to be valued at approximately USD 22.8 billion in 2019 and is expected to reach a value of around USD 36.8 billion by 2026, at a CAGR of around 7.1%. between 2019 and 2027.
The report covers the forecast and analysis of the Automotive Actuators market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Billion). The study includes drivers and restraints of the Automotive Actuators market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Automotive Actuators market on a global level.
In order to give the users of this report a comprehensive view of the Automotive Actuators market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new products & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the Automotive Actuators market by segmenting the market based on type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The massive requirement of fuel-efficient cars along with the growing popularity of autonomous as well as semi-autonomous cars is expected to favorably influence the surge of the automotive actuators industry over the forecast timeline. Need for providing safety & comfort to the vehicles and growing digitization & vehicle automation will scale up the business growth prospects over the forecast period. Nonetheless, huge costs incurred due to the production of the automotive actuators will shrink the market expansion over the forecast timeline.
On the basis of type, the market for automotive actuators is sectored into Hydraulic, Electromechanical, and Pneumatic. Application-wise, the industry is divided into Passenger Car, Large Commercial Vehicle, and Small Commercial Vehicle.
Some of the major players in the business include WABCO Holdings Inc., Nidec Corporation, BorgWarner Inc., Stoneridge, Mitsubishi Electric Corporation, Delphi Automotive PLC, Continental AG, Hitachi, Robert Bosch GmbH, Johnson Electric Holdings, and Denso Corporation.
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