The report "Actuators for on/off-highway Vehicles Market by Application, Electric Vehicle, Product (Wastegate, VGT, Throttle, Brake, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, and Piezoelectric), and Region - Global forecast to 2022", The actuators for on/off-highway vehicles market is estimated to be USD 14.16 Billion in 2017 and is projected to grow to USD 20.33 Billion by 2022, at a CAGR of 7.49%. The increasing demand for electric vehicles, advanced automated systems in vehicles, and rising trend of engine downsizing in the automotive industry are some of the key factors fueling the growth of this market.

Browse 230 market data tables and 51 figures spread through 266 pages and in-depth TOC on "Actuators for on/off-highway Vehicles Market by Application, Electric Vehicle, Product (Wastegate, VGT, Throttle, Brake, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, and Piezoelectric), and Region - Global forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/automotive-actuators-market-166095652.html
Early buyers will receive 10% customization on reports.

Brake actuators segment to hold the largest share of the actuators for on/off-highway vehicles market, by actuator type

The brake actuator is estimated to hold the largest market share, in terms of value, in 2017. Mandatory installation of anti-lock braking systems (ABS) and electronic stability systems in the U.S. and European countries has been the key driver for the brake actuator market. The increase in the number of electric and fuel-efficient vehicles has further boosted the brake actuator market. In 2015, the Indian government also made ABS mandatory for commercial vehicles, which is expected to further drive the brake actuator demand in the country.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownload.asp?id=166095652

On-highway vehicle segment – A promising market for actuators for on/off-highway vehicles market

The on-highway vehicle segment is estimated to be the largest market in the actuators for on/off-highway vehicles market. Increasing number of electric and fuel efficient vehicles in the automobile industry has driven the growth of the automotive actuators in this segment. This segment comprises a number of automotive actuators, which help to manage and control the applications.

Asia-Pacific: The largest market for the actuators for on/off-highway vehicles market

The Asia-Pacific market is estimated to hold the largest share, in terms of volume, of the actuators for on/off-highway vehicles market in 2017. The demand for automotive actuators in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of electric vehicles in countries such as China and Japan. The region is also the leading producer of automobiles in the world.

The report analyzes all major players in the actuators for on/off-highway vehicles market, including Continental AG (Germany), Hitachi Ltd. (Japan), Robert Bosch GmbH (Germany), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets