Automotive Hydraulic Actuators Market
Automotive Hydraulic Actuators Market Forecasts to 2028 - Global Analysis By Type (Brake Actuator, Closure Actuator, Fuel Injection Actuator, Seat Adjustment Actuator, Throttle Actuator and Other Types), Application (Passenger Vehicle and Commercial Vehicle) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $48.8 BN |
|
Projected Year Value (2028) |
US $75.7 BN |
|
CAGR (2022 - 2028) |
7.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Automotive Hydraulic Actuators Market is accounted for $48.8 billion in 2022 and is expected to reach $75.7 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Hydraulic fluid is used by a mechanical device known as an automotive hydraulic actuator to produce linear or rotary motion. Hydraulic actuators are needed in a number of automotive applications, including power steering, transmissions, and brakes. The two main types of automotive hydraulic actuators are direct-acting and indirect-acting. Brakes, transmissions, and power steering are just a few of the automotive applications that use hydraulic actuators. Direct-acting and indirect-acting are the two main categories for automotive hydraulic actuators.
Market Dynamics:
Driver:
Increasing regulations regarding vehicle safety and demand for fuel efficient vehicles
Automotive hydraulic actuators are becoming more popular as the demand for fuel-efficient cars grows. This is because they help cut down on fuel consumption. This market's expansion is also being fueled by the fact that these actuators provide superior power and control over other types of actuators. A further factor driving demand for automotive hydraulic actuators is the proliferation of regulations pertaining to vehicle safety. The rising vehicle production and the increasing uptake of cutting-edge technologies by original equipment manufacturers (OEMs) are some of the additional factors anticipated to propel the growth of this market.
Restraint:
Temperature and reaction time restrictions
Extreme temperatures can impair the performance of hydraulic actuators, which have a limited operating temperature range. High temperatures can cause the hydraulic fluid to thin out and lose pressure, whereas low temperatures can thicken the fluid. Additionally, compared to other actuation technologies, hydraulic actuators have a slower response time because it requires more time for the system to reach steady-state conditions and for the hydraulic pressure to build up.
Opportunity:
Growing use in a various applications due to their high energy
Automotive machinery that uses hydraulic actuators has a large size, a higher speed, and greater mechanical strength it is used in applications where a heavy load is necessary. The primary advantage of hydraulic actuators is their capacity to transfer a sizable amount of energy per volume, which makes them perfect for use in heavy machinery, transportation applications, construction equipment, and other areas. They are also among the strongest actuators, making them the ideal component for heavy-duty applications.
Threat:
Environmental impact and high cost
Hydraulic fluid use can be harmful to the environment, especially if they are not properly disposed of. Hydraulic fluids can be poisonous and contaminate the soil and water. Additionally, hydraulic actuators may be more expensive to produce and maintain than other actuators, which reduces their cost-effectiveness. These elements are impeding market expansion.
Covid-19 Impact
Across every region of the world, the demand for actuators has been negatively impacted by the emergence of COVID-19. The closure of auto factories in important countries that produce cars, such as China, France, Japan, and the United States, among others, has had a significant negative impact on the automotive hydraulic actuator industry. However, market participants will focus on automotive actuator developments, with a focus on high-efficiency goods, once the pandemic has been contained. The industry is anticipated to advance due to consumer demand for amenities like motorized windows, wide sunroofs, and automated lighting.
The fuel injection actuator segment is expected to be the largest during the forecast period
The fuel injection actuator segment is expected to maintain its lead over the forecast period. The fuel injection actuator is responsible for regulating how much fuel is injected into the engine's cylinders. The multiplicity of injections per cycle and other changes in systems can be accommodated by injector actuators owing to ongoing developments. A closed-loop control system can be integrated with the newest generation of injector actuators. Additionally, diesel engine efficiency can be maximized by improving the quality of the injection, which lowers fuel consumption and pollutant emissions.
The commercial vehicle segment is expected to have the highest CAGR during the forecast period
Over the course of the forecast period, the commercial vehicle segment is expected to have the highest growth. Automotive hydraulic actuators are primarily used by commercial vehicles to provide power steering and braking assistance. By reducing the amount of effort needed from the driver, they improve safety and reduce fatigue. Among other things, they can be used to adjust the direction of the headlights and lock doors. These factors are fueling the segment's expansion.
Region with largest share:
Owing to rising demand for passenger and commercial vehicles in the region, Asia Pacific is anticipated to experience the largest market share during the forecast period. China holds the largest revenue share in the Asia-Pacific region. The largest vehicle manufacturer in the world, China, is anticipated to be a key factor in the market's expansion. The major manufacturers are investing in R&D activities because of the rising consumer demand for advanced hydraulic actuator products as well as the rising demand for fuel-efficient vehicles. The market for automotive hydraulic actuators in this region will benefit from the increase in heavy-duty vehicle sales in India.
Region with highest CAGR:
The growth in this North American region during the forecast period can be attributed to the increasing demand for passenger vehicles and commercial vehicles. In accordance with this, the development of intelligent automotive actuators with smart sensors, control units, and Internet of Things (IoT) solutions to sense the speed and movement of the vehicle and determine the distance between the object and the automobile is expanding in this area. Major manufacturers like General Motors and Ford Motor Company are also helping to fuel the expansion of this market in this region.
Key players in the market
Some of the key players profiled in the Automotive Hydraulic Actuators Market include APC International, Continental AG, CTS Corporation, CVEL Automotive Electronics, Delphi Automotive, Denso Corporation, Duncan Engineering, Hella, Hitachi Ltd, IAV Automotive Engineering, Johnson Electric, Magna, Magneti Marelli, Mahle, Micron Precision, Mitsubishi Electric Corporation, Nidec Corporation, Robert Bosch, Schrader Duncan and Valeo.
Key Developments:
In April 2023, the technology companies Continental and Aurora Innovation, Inc. have entered into an exclusive partnership to deliver the first commercially scalable generation of Aurora’s flagship integrated hardware and software system, the Aurora Driver. The organizations will jointly design, develop, validate, deliver, and service the scalable autonomous system for the trucking industry. The system is expected to be available for carriers and commercial fleet operators across the U.S. and to help reduce costs to facilitate broader adoption.
In March 2022, CTS Corporation announces an expansion to its CA Series automotive grade clock oscillator family adding devices that support complimentary LVPECL and LVDS outputs. Designed for automotive, industrial and commercial military/aerospace applications requiring wide operating temperature ranges all CA Series devices are manufactured on TS16949 certified production lines, AEC-Q200 qualified, PPAP compliant and operate over standard automotive temperature range -40°C to +125°C.
In February 2023, CTS Corporation announced the acquisition of maglab AG, a privately held magnetic system design and current measurement solution provider. Based in Basel, Switzerland, maglab offers products designed for smart and fail-safe position and current measurement for electric mobility, renewable energy, robotics, and automation. The company leverages magnetic material and sensor engineering experience to deliver solutions to fit customers’ unique applications.
Types Covered:
• Brake Actuator
• Closure Actuator
• Fuel Injection Actuator
• Seat Adjustment Actuator
• Throttle Actuator
• Other Types
Applications Covered:
• Passenger Vehicle
• Commercial Vehicle
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Applications Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Hydraulic Actuators Market, By Type
5.1 Introduction
5.2 Brake Actuator
5.3 Closure Actuator
5.4 Fuel Injection Actuator
5.5 Seat Adjustment Actuator
5.6 Throttle Actuator
5.7 Other Types
6 Global Automotive Hydraulic Actuators Market, By Application
6.1 Introduction
6.2 Passenger Vehicle
6.3 Commercial Vehicle
7 Global Automotive Hydraulic Actuators Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 APC International
9.2 Continental AG
9.3 CTS Corporation
9.4 CVEL Automotive Electronics
9.5 Delphi Automotive
9.6 Denso Corporation
9.7 Duncan Engineering
9.8 Hella
9.9 Hitachi Ltd
9.10 IAV Automotive Engineering
9.11 Johnson Electric
9.12 Magna
9.13 Magneti Marelli
9.14 Mahle
9.15 Micron Precision
9.16 Mitsubishi Electric Corporation
9.17 Nidec Corporation
9.18 Robert Bosch
9.19 Schrader Duncan
9.20 Valeo
List of Tables
1 Global Automotive Hydraulic Actuators Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Hydraulic Actuators Market Outlook, By Type (2020-2028) ($MN)
3 Global Automotive Hydraulic Actuators Market Outlook, By Brake Actuator (2020-2028) ($MN)
4 Global Automotive Hydraulic Actuators Market Outlook, By Closure Actuator (2020-2028) ($MN)
5 Global Automotive Hydraulic Actuators Market Outlook, By Fuel Injection Actuator (2020-2028) ($MN)
6 Global Automotive Hydraulic Actuators Market Outlook, By Seat Adjustment Actuator (2020-2028) ($MN)
7 Global Automotive Hydraulic Actuators Market Outlook, By Throttle Actuator (2020-2028) ($MN)
8 Global Automotive Hydraulic Actuators Market Outlook, By Other Types (2020-2028) ($MN)
9 Global Automotive Hydraulic Actuators Market Outlook, By Application (2020-2028) ($MN)
10 Global Automotive Hydraulic Actuators Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
11 Global Automotive Hydraulic Actuators Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
12 North America Automotive Hydraulic Actuators Market Outlook, By Country (2020-2028) ($MN)
13 North America Automotive Hydraulic Actuators Market Outlook, By Type (2020-2028) ($MN)
14 North America Automotive Hydraulic Actuators Market Outlook, By Brake Actuator (2020-2028) ($MN)
15 North America Automotive Hydraulic Actuators Market Outlook, By Closure Actuator (2020-2028) ($MN)
16 North America Automotive Hydraulic Actuators Market Outlook, By Fuel Injection Actuator (2020-2028) ($MN)
17 North America Automotive Hydraulic Actuators Market Outlook, By Seat Adjustment Actuator (2020-2028) ($MN)
18 North America Automotive Hydraulic Actuators Market Outlook, By Throttle Actuator (2020-2028) ($MN)
19 North America Automotive Hydraulic Actuators Market Outlook, By Other Types (2020-2028) ($MN)
20 North America Automotive Hydraulic Actuators Market Outlook, By Application (2020-2028) ($MN)
21 North America Automotive Hydraulic Actuators Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
22 North America Automotive Hydraulic Actuators Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
23 Europe Automotive Hydraulic Actuators Market Outlook, By Country (2020-2028) ($MN)
24 Europe Automotive Hydraulic Actuators Market Outlook, By Type (2020-2028) ($MN)
25 Europe Automotive Hydraulic Actuators Market Outlook, By Brake Actuator (2020-2028) ($MN)
26 Europe Automotive Hydraulic Actuators Market Outlook, By Closure Actuator (2020-2028) ($MN)
27 Europe Automotive Hydraulic Actuators Market Outlook, By Fuel Injection Actuator (2020-2028) ($MN)
28 Europe Automotive Hydraulic Actuators Market Outlook, By Seat Adjustment Actuator (2020-2028) ($MN)
29 Europe Automotive Hydraulic Actuators Market Outlook, By Throttle Actuator (2020-2028) ($MN)
30 Europe Automotive Hydraulic Actuators Market Outlook, By Other Types (2020-2028) ($MN)
31 Europe Automotive Hydraulic Actuators Market Outlook, By Application (2020-2028) ($MN)
32 Europe Automotive Hydraulic Actuators Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
33 Europe Automotive Hydraulic Actuators Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
34 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Country (2020-2028) ($MN)
35 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Type (2020-2028) ($MN)
36 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Brake Actuator (2020-2028) ($MN)
37 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Closure Actuator (2020-2028) ($MN)
38 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Fuel Injection Actuator (2020-2028) ($MN)
39 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Seat Adjustment Actuator (2020-2028) ($MN)
40 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Throttle Actuator (2020-2028) ($MN)
41 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Other Types (2020-2028) ($MN)
42 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Application (2020-2028) ($MN)
43 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
44 Asia Pacific Automotive Hydraulic Actuators Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
45 South America Automotive Hydraulic Actuators Market Outlook, By Country (2020-2028) ($MN)
46 South America Automotive Hydraulic Actuators Market Outlook, By Type (2020-2028) ($MN)
47 South America Automotive Hydraulic Actuators Market Outlook, By Brake Actuator (2020-2028) ($MN)
48 South America Automotive Hydraulic Actuators Market Outlook, By Closure Actuator (2020-2028) ($MN)
49 South America Automotive Hydraulic Actuators Market Outlook, By Fuel Injection Actuator (2020-2028) ($MN)
50 South America Automotive Hydraulic Actuators Market Outlook, By Seat Adjustment Actuator (2020-2028) ($MN)
51 South America Automotive Hydraulic Actuators Market Outlook, By Throttle Actuator (2020-2028) ($MN)
52 South America Automotive Hydraulic Actuators Market Outlook, By Other Types (2020-2028) ($MN)
53 South America Automotive Hydraulic Actuators Market Outlook, By Application (2020-2028) ($MN)
54 South America Automotive Hydraulic Actuators Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
55 South America Automotive Hydraulic Actuators Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
56 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Country (2020-2028) ($MN)
57 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Type (2020-2028) ($MN)
58 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Brake Actuator (2020-2028) ($MN)
59 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Closure Actuator (2020-2028) ($MN)
60 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Fuel Injection Actuator (2020-2028) ($MN)
61 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Seat Adjustment Actuator (2020-2028) ($MN)
62 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Throttle Actuator (2020-2028) ($MN)
63 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Other Types (2020-2028) ($MN)
64 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Application (2020-2028) ($MN)
65 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
66 Middle East & Africa Automotive Hydraulic Actuators Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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