DUBLIN--(BUSINESS WIRE)--The "China Automotive Actuators Market - Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The China Automotive Actuators Market is expected to register a CAGR of 8.8% during the forecast period, 2020-2025.
Currently, the market for automotive actuators is primarily driven by rising automation and digitalization. Increased demand for fuel efficiency and growing demand for comfort, especially in passenger vehicles, is driving the growth of the automotive actuators market.
Although, in 2019, the growth of passenger and commercial vehicle sales has reduced. But OEM are still making electric actuators as one of the main areas of focus to improve passenger's safety and comfort. As a part of that effort, electric actuators have also gained significant attention in recent years.
For instance, actuators are used in seats for adjusting lumbar support systems, seat positioning, angles, and for seat track actuators. Several automotive seat adjustment actuators are available in the market, such as geared motors for recliner adjustment, double output shaft for track drives, and linear actuators for height and tilt adjustments. Also, in China, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in the seat adjustment actuators segment.
Key Market Trends
Electric Actuators is Driving the Growth of The Market
Many technological advancements have been done in the automotive market field, which has had a direct impact on the automotive actuators, which is witnessing newer challenges and developments. Problems such as improving effectiveness with various functional components in the vehicle ranging from Throttle Actuator, Brake Actuator, Closure Actuator (Window, Door, and Sunroof), and Other Application Types are driving towards the research and development of the market.
The electrical actuators are equipped with most of the newer vehicles. They emit lesser heat, lower noise emission, design, and offer flexible installation options. Additionally, since they run on battery, they can deliver higher torque while they are also compact and lightweight, making it an optimum choice over the regular actuators. Advanced electrical circuiting and also well-designed software make actuators easier to operate. Electric actuators are widely used in window lifts, power tailgate drive, seat adjustment, and sunroof drive.
There is also a growing demand for features offering better comfort to the passengers, which has become a necessary factor for top manufacturers to differentiate to each in the growing actuators industry. As a result, OEMs invest heavily in efforts to enhance the driving and passenger experience by proving the best actuators to its customers.
Demand for Passenger and LCV's Will Drive the Growth for Automotive Actuators Market
China is dominating the Asia Pacific automotive actuator market with the largest revenue share during the forecast period, largely due to its growing population increasing annual sales of automobiles. The use of automotive actuators has improved the availability of affordable, small-sized cars, which provide reduced fuel consumption and increased vehicle mileage. China has also proven as the leading automotive components producer in large volumes at a lower cost, which provides it a competitive edge over other countries. The country has increased its market share significantly since the early 2000s and held the highest market share of more than 50% in APAC's automotive actuators in 2014.
Demand for passenger cars and LCVs in China is expected to grow during the forecast period, leading to high demand for automotive actuators in China. The country is home to more than 500 automotive actuator manufacturers, with a massive presence of regional players. The increased penetration of passenger vehicles over the last three years in the region has driven the growth of the automotive aftermarket. It has helped significantly in the growth of the Asia-Pacific automotive actuator market.
The China Automotive Actuators are fragmented with various international and regional players such as Robert Bosch GmbH, Continental and Denso. Although to have the edge over its competitors, the major actuators manufacturing companies are making joint-ventures, partnerships to launch newer products.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
5 MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Passenger Car
5.1.2 Commercial Vehicle
5.2 Actuators Type
5.2.1 Electrical actuators
5.2.2 Hydraulic actuators
5.2.3 Pneumatic actuators
5.3 Application Type
5.3.1 Throttle Actuator
5.3.2 Seat Adjustment Actuator
5.3.3 Brake Actuator
5.3.4 Closure Actuator
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Denso Corporation
6.2.2 Mitsubishi Electric Corporation
6.2.3 Nidec Corporation
6.2.4 Hitachi Ltd
6.2.5 Continental AG
6.2.6 Robert Bosch GmbH
6.2.7 Denso Corporation
6.2.8 BorgWarner Inc
6.2.9 Aptiv Plc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/423ygg