According to a market report by Lucintel, the future of the automotive actuator market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle industries. The automotive actuator market is expected to grow with a CAGR of 6% from 2019 to 2024. The major drivers for this market are increasing demand for fuel-efficient vehicles, rising adoption of continuous variable transmission and all-wheel drive vehicles, and increasing use of advanced driver assistance systems (ADAS) per vehicle including adaptive cruise control (ACC), automated brake assist, and lane keep assist.

Within the automotive actuator market, passenger cars, and light commercial vehicles are the major end use industries. Passenger car is the largest end use industry for the automotive actuator market.

Asia Pacific will remain the largest region over the forecast period due to an increasing demand for industrial robots and automation in various industries.

Hitachi Automotive Systems, Actus Manufacturing, Cebi International, HELLA GmbH & Co. KGaA, HUSCO International, Kiekert, Johnson Electric, Mahle Group, Mitsubishi Electric Corporation, Robert Bosch, Valeo, and WABCO are among the major manufacturers of automotive actuator.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive actuator market by actuator type, by application, by end use, by sales channel, and by region. Lucintel has prepared a comprehensive research report titled "Automotive Actuator Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive actuator market by actuator type, by application, by end use, by sales channel, and by region as follows:

By Actuator Type [$M shipment analysis for 2013 – 2024]
• Electric Actuator
• Hydraulic Actuator
• Pneumatic Actuator
• Mechanical Actuator

By Application [$M shipment analysis for 2013 – 2024]
• Variable Valve Technology
• Turbochargers
• Coolant & Refrigerant Systems
• Brake System
• Active Grill Shutter
• Adaptive Headlamps
• HVAC Systems
• Others

By End Use [$M shipment analysis for 2013 – 2024]
• Passenger Car
o Small cars
o Compact cars
o Mid-Sized cars
o Luxury cars
o SUVs & Crossovers
• Light Commercial Vehicle
• Electric Vehicles

By Sales Channel [$M shipment analysis for 2013 – 2024]
• Original Equipment Manufacturer
• Aftermarket

By Region [$M shipment analysis for 2013 – 2024]
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o Russia
o France
o United Kingdom
o Italy
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
• The Rest of the World
o Brazil
o Turkey

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at [email protected].

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the automotive actuator market by actuator type (electric actuator, hydraulic actuator, pneumatic actuator, mechanical actuator), by application (variable valve technology, turbochargers, coolant & refrigerant systems, brake system, active grill shutter, adaptive headlamps, HVAC systems, and others), by end use (small car, compact car, mid-size car, large car, SUVS & crossovers, light commercial vehicles, and electric vehicle), by sales channel (original equipment manufacturer, aftermarket), and by region (North America, Europe, APAC, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and
challenges of the automotive actuator market?
Q.5 What are the business risks and threats to the automotive actuator market?
Q.6 What are emerging trends in this actuator market and the reasons behind them?
Q.7 What are some changing demands of customers in the automotive actuator market?
Q.8 What are the new developments in the automotive actuator market? Which companies are leading these developments?
Q.9 Who are the major players in this automotive actuator market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this actuator area
and how big of a threat do they pose for loss of market share via material or
product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, automotive actuator market?