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Automotive Actuators Market

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Automotive Actuators Market By Type (Hydraulic, Electromechanical, and Pneumatic) and By Application (Passenger Car, Large Commercial Vehicle, and Small Commercial Vehicle): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027

Industry Insights

[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.

Table of Content

  1. CHAPTER 1. Executive Summary 19
  2. CHAPTER 2. Automotive Actuators market – Type Analysis 21
    1. 2.1. Global Automotive Actuators Market – Type Overview 21
    2. 2.2. Global Automotive Actuators Market Share, by Type, 2018 & 2025 (USD Million) 21
    3. 2.3. Electromechanical 23
      1. 2.3.1. Global Electromechanical Automotive Actuators Market, 2015-2027 (USD Million) 23
    4. 2.4. Hydraulic 24
      1. 2.4.1. Global Hydraulic Automotive Actuators Market, 2015-2027 (USD Million) 24
    5. 2.5. Pneumatic 25
      1. 2.5.1. Global Pneumatic Automotive Actuators Market, 2015-2027 (USD Million) 25
  3. CHAPTER 3. Automotive Actuators market – Application Analysis 25
    1. 3.1. Global Automotive Actuators Market – Application Overview 25
    2. 3.2. Global Automotive Actuators Market Share, by Application, 2018 & 2025 (USD Million) 26
    3. 3.3. Passenger Car 27
      1. 3.3.1. Global Passenger Car Automotive Actuators Market, 2015-2027 (USD Million) 27
    4. 3.4. Large Commercial Vehicle 28
      1. 3.4.1. Global Large Commercial Vehicle Automotive Actuators Market, 2015-2027 (USD Million) 28
    5. 3.5. Small Commercial Vehicle 29
      1. 3.5.1. Global Small Commercial Vehicle Automotive Actuators Market, 2015-2027 (USD Million) 29
  4. CHAPTER 4. Automotive Actuators market – Regional Analysis 30
    1. 4.1. Global Automotive Actuators Market Regional Overview 30
    2. 4.2. Global Automotive Actuators Market Share, by Region, 2018 & 2025 (Value) 30
    3. 4.3. North America 32
      1. 4.3.1. North America Automotive Actuators Market size and forecast, 2015-2027 32
      2. 4.3.2. North America Automotive Actuators Market, by Country, 2018 & 2025 (USD Million) 32
      3. 4.3.3. North America Automotive Actuators Market, by Type, 2015-2027 34
        1. 4.3.3.1. North America Automotive Actuators Market, by Type, 2015-2027 (USD Million) 34
      4. 4.3.4. North America Automotive Actuators Market, by Application, 2015-2027 35
        1. 4.3.4.1. North America Automotive Actuators Market, by Application, 2015-2027 (USD Million) 35
      5. 4.3.5. U.S. 36
        1. 4.3.5.1. U.S. Market size and forecast, 2015-2027 (USD Million) 36
      6. 4.3.6. Canada 37
        1. 4.3.6.1. Canada Market size and forecast, 2015-2027 (USD Million) 37
      7. 4.3.7. Mexico 38
        1. 4.3.7.1. Mexico Market size and forecast, 2015-2027 (USD Million) 38
    4. 4.4. Europe 39
      1. 4.4.1. Europe Automotive Actuators Market size and forecast, 2015-2027 39
      2. 4.4.2. Europe Automotive Actuators Market, by Country, 2018 & 2025 (USD Million) 39
      3. 4.4.3. Europe Automotive Actuators Market, by Type, 2015-2027 41
        1. 4.4.3.1. Europe Automotive Actuators Market, by Type, 2015-2027 (USD Million) 41
      4. 4.4.4. Europe Automotive Actuators Market, by Application, 2015-2027 42
        1. 4.4.4.1. Europe Automotive Actuators Market, by Application, 2015-2027 (USD Million) 42
      5. 4.4.5. Germany 43
        1. 4.4.5.1. Germany Market size and forecast, 2015-2027 (USD Million) 43
      6. 4.4.6. France 44
        1. 4.4.6.1. France Market size and forecast, 2015-2027 (USD Million) 44
      7. 4.4.7. U.K. 45
        1. 4.4.7.1. U.K. Market size and forecast, 2015-2027 (USD Million) 45
      8. 4.4.8. Italy 46
        1. 4.4.8.1. Italy Market size and forecast, 2015-2027 (USD Million) 46
      9. 4.4.9. Spain 47
        1. 4.4.9.1. Spain Market size and forecast, 2015-2027 (USD Million) 47
      10. 4.4.10. Nordic Countries 48
        1. 4.4.10.1. Nordic Countries Market size and forecast, 2015-2027 (USD Million) 48
      11. 4.4.11. Benelux Union 49
        1. 4.4.11.1. Benelux Union Market size and forecast, 2015-2027 (USD Million) 49
      12. 4.4.12. Rest of Europe 50
        1. 4.4.12.1. Rest of Europe Market size and forecast, 2015-2027 (USD Million) 50
    5. 4.5. Asia Pacific 51
      1. 4.5.1. Asia Pacific Automotive Actuators Market size and forecast, 2015-2027 51
      2. 4.5.2. Asia Pacific Automotive Actuators Market, by Country, 2018 & 2025 (USD Million) 51
      3. 4.5.3. Asia Pacific Automotive Actuators Market, by Type, 2015-2027 53
        1. 4.5.3.1. Asia Pacific Automotive Actuators Market, by Type, 2015-2027 (USD Million) 53
      4. 4.5.4. Asia Pacific Automotive Actuators Market, by Application, 2015-2027 54
        1. 4.5.4.1. Asia Pacific Automotive Actuators Market, by Application, 2015-2027 (USD Million) 54
      5. 4.5.5. China 55
        1. 4.5.5.1. China Market size and forecast, 2015-2027 (USD Million) 55
      6. 4.5.6. Japan 56
        1. 4.5.6.1. Japan Market size and forecast, 2015-2027 (USD Million) 56
      7. 4.5.7. India 57
        1. 4.5.7.1. India Market size and forecast, 2015-2027 (USD Million) 57
      8. 4.5.8. New Zealand 58
        1. 4.5.8.1. New Zealand Market size and forecast, 2015-2027 (USD Million) 58
      9. 4.5.9. Australia 59
        1. 4.5.9.1. Australia Market size and forecast, 2015-2027 (USD Million) 59
      10. 4.5.10. South Korea 60
        1. 4.5.10.1. South Korea Market size and forecast, 2015-2027 (USD Million) 60
      11. 4.5.11. South-East Asia 61
        1. 4.5.11.1. South-East Asia Market size and forecast, 2015-2027 (USD Million) 61
      12. 4.5.12. Rest of Asia Pacific 62
        1. 4.5.12.1. Rest of Asia Pacific Market size and forecast, 2015-2027 (USD Million) 62
    6. 4.6. Latin America 63
      1. 4.6.1. Latin America Automotive Actuators Market size and forecast, 2015-2027 63
      2. 4.6.2. Latin America Automotive Actuators Market, by Country, 2018 & 2025 (USD Million) 63
      3. 4.6.3. Latin America Automotive Actuators Market, by Type, 2015-2027 65
        1. 4.6.3.1. Latin America Automotive Actuators Market, by Type, 2015-2027 (USD Million) 65
      4. 4.6.4. Latin America Automotive Actuators Market, by Application, 2015-2027 66
        1. 4.6.4.1. Latin America Automotive Actuators Market, by Application, 2015-2027 (USD Million) 66
      5. 4.6.5. Brazil 67
        1. 4.6.5.1. Brazil Market size and forecast, 2015-2027 (USD Million) 67
      6. 4.6.6. Argentina 68
        1. 4.6.6.1. Argentina Market size and forecast, 2015-2027 (USD Million) 68
      7. 4.6.7. Rest of Latin America 69
        1. 4.6.7.1. Rest of Latin America Market size and forecast, 2015-2027 (USD Million) 69
    7. 4.7. The Middle-East and Africa 70
      1. 4.7.1. The Middle-East and Africa Automotive Actuators Market size and forecast, 2015-2027 70
      2. 4.7.2. The Middle-East and Africa Automotive Actuators Market, by Country, 2018 & 2025 (USD Million) 70
      3. 4.7.3. The Middle-East and Africa Automotive Actuators Market, by Type, 2015-2027 72
        1. 4.7.3.1. The Middle-East and Africa Automotive Actuators Market, by Type, 2015-2027 (USD Million) 72
      4. 4.7.4. The Middle-East and Africa Automotive Actuators Market, by Application, 2015-2027 73
        1. 4.7.4.1. The Middle-East and Africa Automotive Actuators Market, by Application, 2015-2027 (USD Million) 73
      5. 4.7.5. Saudi Arabia 74
        1. 4.7.5.1. Saudi Arabia Market size and forecast, 2015-2027 (USD Million) 74
      6. 4.7.6. UAE 75
        1. 4.7.6.1. UAE Market size and forecast, 2015-2027 (USD Million) 75
      7. 4.7.7. Egypt 76
        1. 4.7.7.1. Egypt Market size and forecast, 2015-2027 (USD Million) 76
      8. 4.7.8. Kuwait 77
        1. 4.7.8.1. Kuwait Market size and forecast, 2015-2027 (USD Million) 77
      9. 4.7.9. South Africa 78
        1. 4.7.9.1. South Africa Market size and forecast, 2015-2027 (USD Million) 78
      10. 4.7.10. Rest of Middle-East Africa 79
        1. 4.7.10.1. Rest of Middle-East Africa Market size and forecast, 2015-2027 (USD Million) 79
  5. CHAPTER 5. Automotive Actuators market – Competitive Landscape 80
    1. 5.1. Competitor Market Share – Revenue 80
    2. 5.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players 82
    3. 5.3. Strategic Development 83
      1. 5.3.1. Acquisitions and Mergers 83
      2. 5.3.2. New Products 83
      3. 5.3.3. Research & Development Activities 83
  6. CHAPTER 6. Company Profiles 84
    1. 6.1. Wabco Holdings Inc. 84
      1. 6.1.1. Company Overview 84
      2. 6.1.2. Wabco Holdings Inc. Revenue and Gross Margin 84
      3. 6.1.3. Product portfolio 85
      4. 6.1.4. Recent initiatives 86
    2. 6.2. Nidec Corporation 86
      1. 6.2.1. Company Overview 86
      2. 6.2.2. Nidec Corporation Revenue and Gross Margin 86
      3. 6.2.3. Product portfolio 87
      4. 6.2.4. Recent initiatives 88
    3. 6.3. BorgWarner Inc. 88
      1. 6.3.1. Company Overview 88
      2. 6.3.2. BorgWarner Inc. Revenue and Gross Margin 88
      3. 6.3.3. Product portfolio 89
      4. 6.3.4. Recent initiatives 90
    4. 6.4. Stoneridge 90
      1. 6.4.1. Company Overview 90
      2. 6.4.2. Stoneridge Revenue and Gross Margin 90
      3. 6.4.3. Product portfolio 91
      4. 6.4.4. Recent initiatives 92
    5. 6.5. Mitsubishi Electric Corporation 92
      1. 6.5.1. Company Overview 92
      2. 6.5.2. Mitsubishi Electric Corporation Revenue and Gross Margin 92
      3. 6.5.3. Product portfolio 93
      4. 6.5.4. Recent initiatives 94
    6. 6.6. Delphi Automotive PLC 94
      1. 6.6.1. Company Overview 94
      2. 6.6.2. Delphi Automotive PLC Revenue and Gross Margin 94
      3. 6.6.3. Product portfolio 95
      4. 6.6.4. Recent initiatives 96
    7. 6.7. Continental AG 96
      1. 6.7.1. Company Overview 96
      2. 6.7.2. Continental AG Revenue and Gross Margin 96
      3. 6.7.3. Product portfolio 97
      4. 6.7.4. Recent initiatives 98
    8. 6.8. Hitachi 98
      1. 6.8.1. Company Overview 98
      2. 6.8.2. Hitachi Revenue and Gross Margin 98
      3. 6.8.3. Product portfolio 99
      4. 6.8.4. Recent initiatives 100
    9. 6.9. Robert Bosch GmbH 100
      1. 6.9.1. Company Overview 100
      2. 6.9.2. Robert Bosch GmbH Revenue and Gross Margin 100
      3. 6.9.3. Product portfolio 101
      4. 6.9.4. Recent initiatives 102
    10. 6.10. Johnson Electric Holdings 102
      1. 6.10.1. Company Overview 102
      2. 6.10.2. Johnson Electric Holdings Revenue and Gross Margin 102
      3. 6.10.3. Product portfolio 103
      4. 6.10.4. Recent initiatives 104
    11. 6.11. Denso Corporation 104
      1. 6.11.1. Company Overview 104
      2. 6.11.2. Denso Corporation Revenue and Gross Margin 104
      3. 6.11.3. Product portfolio 105
      4. 6.11.4. Recent initiatives 106
  7. CHAPTER 7. Automotive Actuators — Industry Analysis 107
    1. 7.1. Automotive Actuators Market – Key Trends 107
      1. 7.1.1. Market Drivers 108
      2. 7.1.2. Market Restraints 108
      3. 7.1.3. Market Opportunities 109
    2. 7.2. Value Chain Analysis 110
    3. 7.3. Technology Roadmap and Timeline 111
    4. 7.4. Automotive Actuators Market – Attractiveness Analysis 112
      1. 7.4.1. By Type 112
      2. 7.4.2. By Application 112
      3. 7.4.3. By Region 114
  8. CHAPTER 8. Marketing Strategy Analysis, Distributors 115
    1. 8.1. Marketing Channel 115
    2. 8.2. Direct Marketing 116
    3. 8.3. Indirect Marketing 116
    4. 8.4. Marketing Channel Development Trend 116
    5. 8.5. Economic/Political Environmental Change 117
  9. CHAPTER 9. Report Conclusion 118
  10. CHAPTER 10. Research Approach & Methodology 119
    1. 10.1. Report Description 119
    2. 10.2. Research Scope 120
    3. 10.3. Research Methodology 120
      1. 10.3.1. Secondary Research 121
      2. 10.3.2. Primary Research 122
      3. 10.3.3. Models 123
        1. 10.3.3.1. Company Share Analysis Model 123
        2. 10.3.3.2. Revenue Based Modeling 124
        3. 10.3.3.3. Research Limitations 124

        List of Figures

        FIG. 1 Global Automotive Actuators Market, 2015-2027 (USD Million) 21
        FIG. 2 Global Automotive Actuators Market Share, by Type, 2018 & 2025 (USD Million) 22
        FIG. 3 Global Electromechanical Automotive Actuators Market, 2015-2027 (USD Million) 24
        FIG. 4 Global Hydraulic Automotive Actuators Market, 2015-2027 (USD Million) 25
        FIG. 5 Global Pneumatic Automotive Actuators Market, 2015-2027 (USD Million) 26
        FIG. 6 Global Automotive Actuators Market Share, by Application, 2018 & 2025 (USD Million) 27
        FIG. 7 Global Passenger Car Automotive Actuators Market, 2015-2027 (USD Million) 28
        FIG. 8 Global Large Commercial Vehicle Automotive Actuators Market, 2015-2027 (USD Million) 29
        FIG. 9 Global Small Commercial Vehicle Automotive Actuators Market, 2015-2027 (USD Million) 30
        FIG. 10 Global Automotive Actuators Market Share, by Region, 2018 & 2025 31
        FIG. 11 North America Automotive Actuators Market, 2015-2027 33
        FIG. 12 U.S. Automotive Actuators Market, 2015-2027 37
        FIG. 13 Canada Automotive Actuators Market, 2015-2027 38
        FIG. 14 Mexico Automotive Actuators Market, 2015-2027 39
        FIG. 15 Europe Automotive Actuators Market, 2015-2027 40
        FIG. 16 Germany Automotive Actuators Market, 2015-2027 44
        FIG. 17 France Automotive Actuators Market, 2015-2027 45
        FIG. 18 U.K. Automotive Actuators Market, 2015-2027 46
        FIG. 19 Italy Automotive Actuators Market, 2015-2027 47
        FIG. 20 Spain Automotive Actuators Market, 2015-2027 48
        FIG. 21 Nordic Countries Automotive Actuators Market, 2015-2027 49
        FIG. 22 Benelux Union Automotive Actuators Market, 2015-2027 50
        FIG. 23 Rest of Europe Automotive Actuators Market, 2015-2027 51
        FIG. 24 Asia Pacific Automotive Actuators Market, 2015-2027 52
        FIG. 25 China Automotive Actuators Market, 2015-2027 56
        FIG. 26 Japan Automotive Actuators Market, 2015-2027 57
        FIG. 27 India Automotive Actuators Market, 2015-2027 58
        FIG. 28 New Zealand Automotive Actuators Market, 2015-2027 59
        FIG. 29 Australia Automotive Actuators Market, 2015-2027 60
        FIG. 30 South  Korea Automotive Actuators Market, 2015-2027 61
        FIG. 31 South-East Asia Automotive Actuators Market, 2015-2027 62
        FIG. 32 Rest of Asia Pacific Automotive Actuators Market, 2015-2027 63
        FIG. 33 Latin America Automotive Actuators Market, 2015-2027 64
        FIG. 34 Brazil Automotive Actuators Market, 2015-2027 68
        FIG. 35 Argentina Automotive Actuators Market, 2015-2027 69
        FIG. 36 Rest of Latin America Automotive Actuators Market, 2015-2027 70
        FIG. 37 The Middle-East and Africa Automotive Actuators Market, 2015-2027 71
        FIG. 38 Saudi Arabia Automotive Actuators Market, 2015-2027 75
        FIG. 39 UAE Automotive Actuators Market, 2015-2027 76
        FIG. 40 Egypt Automotive Actuators Market, 2015-2027 77
        FIG. 41 Kuwait Automotive Actuators Market, 2015-2027 78
        FIG. 42 South Africa Automotive Actuators Market, 2015-2027 79
        FIG. 43 Rest of Middle-East Africa Automotive Actuators Market, 2015-2027 80
        FIG. 44 Competitor Market Share – Revenue 81
        FIG. 45 Wabco Holdings Inc. Revenue and Growth Rate 86
        FIG. 46 Wabco Holdings Inc. Market Share 86
        FIG. 47 Nidec Corporation Revenue and Growth Rate 88
        FIG. 48 Nidec Corporation Market Share 88
        FIG. 49 BorgWarner Inc. Revenue and Growth Rate 90
        FIG. 50 BorgWarner Inc. Market Share 90
        FIG. 51 Stoneridge Revenue and Growth Rate 92
        FIG. 52 Stoneridge Market Share 92
        FIG. 53 Mitsubishi Electric Corporation Revenue and Growth Rate 94
        FIG. 54 Mitsubishi Electric Corporation Market Share 94
        FIG. 55 Delphi Automotive PLC Revenue and Growth Rate 96
        FIG. 56 Delphi Automotive PLC Market Share 96
        FIG. 57 Continental AG Revenue and Growth Rate 98
        FIG. 58 Continental AG Market Share 98
        FIG. 59 Hitachi Revenue and Growth Rate 100
        FIG. 60 Hitachi Market Share 100
        FIG. 61 Robert Bosch GmbH Revenue and Growth Rate 102
        FIG. 62 Robert Bosch GmbH Market Share 102
        FIG. 63 Johnson Electric Holdings Revenue and Growth Rate 104
        FIG. 64 Johnson Electric Holdings Market Share 104
        FIG. 65 Denso Corporation Revenue and Growth Rate 106
        FIG. 66 Denso Corporation Market Share 106
        FIG. 67 Market Dynamics 108
        FIG. 68 Global Automotive Actuators – Value Chain Analysis 111
        FIG. 69 Technology Roadmap and Timeline 112
        FIG. 70 Market Attractiveness Analysis – By Type 113
        FIG. 71 Market Attractiveness Analysis – By Application 114
        FIG. 72 Market Attractiveness Analysis – By Region 115
        FIG. 73 Market Channel 116
        FIG. 74 Marketing Channel Development Trend 117
        FIG. 75 Growth in World Gross Product, 2008-2018 118
        
        

        List of Tables

        TABLE 1 Global Automotive Actuators Market, 2018 & 2025 (USD Million) 20
        TABLE 2 Global Automotive Actuators market, by Type, 2015-2027 (USD Million) 22
        TABLE 3 Global Automotive Actuators market, by Application, 2015-2027 (USD Million) 27
        TABLE 4 Global Automotive Actuators market, by Region, 2015-2027 (USD Million) 31
        TABLE 5 North America Automotive Actuators Market, by Type, 2015-2027 (USD Million) 35
        TABLE 6 North America Automotive Actuators Market, by Application, 2015-2027 (USD Million) 36
        TABLE 7 Europe Automotive Actuators Market, by Type, 2015-2027 (USD Million) 42
        TABLE 8 Europe Automotive Actuators Market, by Application, 2015-2027 (USD Million) 43
        TABLE 9 Asia Pacific Automotive Actuators Market, by Type, 2015-2027 (USD Million) 54
        TABLE 10 Asia Pacific Automotive Actuators Market, by Application, 2015-2027 (USD Million) 55
        TABLE 11 Latin America Automotive Actuators Market, by Type, 2015-2027 (USD Million) 66
        TABLE 12 Latin America Automotive Actuators Market, by Application, 2015-2027 (USD Million) 67
        TABLE 13 The Middle-East and Africa Automotive Actuators Market, by Type, 2015-2027 (USD Million) 73
        TABLE 14 The Middle-East and Africa Automotive Actuators Market, by Application, 2015-2027 (USD Million) 74
        TABLE 15 Global Automotive Actuators Market - Company Revenue Analysis 2015-2018 (USD Million) 81
        TABLE 16 Global Automotive Actuators Market - Company Revenue Share Analysis 2015-2018(%) 83
        TABLE 17 Acquisitions and Mergers 84
        TABLE 18 New Product/Service Launch 84
        TABLE 19 Research & Development Activities 84
        TABLE 20 Market Drivers 109
        TABLE 21 Market Restraints 109
        TABLE 22 Market Opportunities 110
        

Industry Major Market Players

  • 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

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Automotive Actuators Market.
According to Facts and Factors research report, the global Automotive Actuators Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Automotive Actuators Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Automotive Actuators Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Automotive Actuators Market in North America over coming decade.
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