Automotive Solenoid Market

Automotive Solenoid Market by Application (Body Control & Interiors, Engine Control & Cooling System, Safety, HVAC), Vehicle Type (PC, LCV, Truck, Bus), EV Type (BEV, PHEV, FCEV), Valve Design, Function, Operation, and Region - Global Forecast to 2026

Report Code: AT 5317 Sep, 2021, by marketsandmarkets.com

[246 Pages Report] The Automotive Solenoid Market, in terms of value, is projected to grow at a CAGR of 7.3% from 2021 to 2026. The market is estimated to be USD 4.3 billion in 2021 and is projected to reach USD 6.2 billion by 2026. This increase is triggered by various factors which cover various aspects, like rising demand for automation in vehicles, as well as the increasing vehicle production globally.

Automotive Solenoid Market

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COVID-19 Impact on the Automotive solenoid market:

The production and sales of new vehicles had come to a halt across the globe as the whole ecosystem had been disrupted in the initial outbreak of COVID 19. OEMs had to wait until lockdowns were lifted to resume production, which affected their businesses. Hence, vehicle manufacturers had to adjust the production volume. Also, component manufacturing was suspended, and small Tier II and Tier III manufacturers faced liquidity issues. The automotive industry is highly capital-intensive and relies on frequent financing to continue operations. Thus, the production suspension during the initial months of the outbreak and lower demand had an unprecedented impact on EV manufacturers in the initial months of the pandemic.

Due to the COVID-19 pandemic, many countries had imposed a complete lockdown of more than two months, which, in turn, has impacted vehicle production. Manufacturing units around the world were shut down, and vehicle sales have taken a huge hit. However, the majority of the automakers resumed vehicle production with limited production and necessary measures.

Market Dynamics:

Driver: Rise in demand for advanced automation systems

Rising automation and digitalization have revolutionized the automotive industry. Earlier, automakers manufactured mechanical actuators, which enabled only manually operated applications, such as winding up and down of windows and seat adjustments.

Increasing demand for high fuel efficiency and advanced automated applications will boost the market for solenoids, also known as electromechanical actuators. Solenoids are widely used in trucks and heavy-duty vehicles, for lifting, tilting, adjusting, positioning, retracting, extracting, controlling, opening, and closing all automated applications.

Restraint: Decrease in vehicle production in last few years

The automotive industry is witnessing a global slowdown. A decline of 16% in 2020 vehicle production was witnessed, which is equivalent to 2010 sales levels as per the International Organization of Motor Vehicle Manufacturers (OICA). Europe witnessed a drop of more than 21% on average in 2020. All main producing countries had sharp declines, ranging from 11% to almost 40%. Europe represented an almost 22% share of global production. In North America, the 2020 production of 15.7 million units represented a 20% share of global production. The region saw production declining by more than 20%, with US manufacturing declining by 19%. While in South America, the percentage dropped by more than 30%, with Brazil down by almost 32%. This decline in global vehicle production negatively impacts the overall automotive solenoid market.

Opportunity: Wide array of applications employing the use of solenoids

Solenoids are used in many applications in modern cars to improve their performance and efficiency. Some of the major applications are as follows:

  • Door locks and trunk release solenoid
  • Starter solenoid functions, automatic transmission control, dual clutch transmission control, turbocharger control, and variable valve timing
  • EGR controls, evaporative emission control (EVAP) system, fuel ignition coils, and engine fuel shut off valve
  • ABS, air suspension system, and HVAC system

Increasing consumer preference for new improved transmission systems, such as AMT, DCT, and CVT which provide an enhanced driving experience with a better control and acceleration of the vehicle. This is mainly because in transmission systems enable real-time control of torque with each gearshift. The friction losses create during the shifting of gears are reduced, and they are quickly synchronized with the torque required for the new gear, which in turn increase the time taken for the torque to set with the new gear. This has further improved the fuel efficiency of the vehicle along with the elimination of any scope for human error as most of the work while shifting the gears is controlled by sensors, solenoids, and computers.

Challenge: Technical problems associated with solenoid valves may affect the market

There are few problems that consistently affect the performance of the solenoid valves. Some of the common problems that are associated with solenoid valves include part closure of valves, valves not opening properly, valves making erratic sounds, and coil problems. For instance, part closure of valves occurs due to manual override, pressure difference, residual coil power, damaged armature tube, and damaged valve seats. Additionally, some solenoid valves do not open because of power failure, wrong voltage, dirt gathering under the diaphragm, and uneven pressure. Similarly, the valves make erratic sounds during the opening and closing operation. The sound is due to the difference in the inlet or outlet pressure inside system. Additionally, some other factors such as flow factor of the valve and compatibility with the media also affects its operation.

Solenoid valves are utilized in several applications where there is a need to automate the flow of various mediums including air, water, and gases among others. So, durability is one of the major requirements for solenoid valves. Sometimes, these valves would not work with very low pressure which would lessen its working performance. Similarly, solenoid valves also fail due to the overheating and failure of the insulation used in the solenoid coil. However, to overcome these effects most of the players are employing motorized ball valves to replace their current solenoid valves. Therefore, the industry faces competition from motorized valve manufacturers who are relying on the durability of the solenoid valves. Thus, reliability of the solenoid valve is the key requirement to sustain the market.

BEV segment is estimated to account for the largest market during the forecast period

The automotive solenoid market, by EV type, is projected to grow at a very fast rate due to the increase in the demand for EVs as countries around the world aim at emission reductions from automobiles. The BEV accounts for the largest market share as it does not require a gasoline engine which requires fuel and routine maintenance. The prices of batteries for EVs are decreasing due to the advancements in technology which are expected to result in the reduced overall prices of BEVs. The PHEV segment is expected to account for the second-largest share in the electric vehicle segment with countries such as Japan, China, US, Germany, France, etc. increasing their demand over time. FCEVs are expected to be the fastest-growing segment owing to their superior features such as longer range, faster fuelling, and decreasing prices in the coming decade.

Fluid control is estimated to account for the largest market size during the forecast period

The fluid control segment is estimated to dominate the automotive solenoid market. Fluid control solenoids play a significant role in regulating the flow of fluids or actuating pumps to build the pressure used in several applications such as braking and steering. Apart from this, the increased adoption of electric vehicles is expected to boost the motion control segment.

Europe is expected to witness significant growth during the forecast period.

The European region is estimated to be dominated by countries such as Germany, France, Spain, and the UK. The presence of OEMs such as Volkswagen (Germany), Daimler (Germany), Renault (France), and AB Volvo (Sweden) offers growth opportunities for automotive solenoids in the region. European automotive enterprises dominate the global automotive landscape, accounting for almost 50% of the R&D spending led by firms such as BMW, Continental, and Daimler. The region is among the largest markets for passenger cars, particularly for premium cars (C segment and above). The high volume of premium car sales can be attributed to the high purchasing power of European buyers. The demand for premium cars has accentuated the need for fewer emissions, automated applications, and luxurious features, which can be achieved with the help of components such as solenoids and actuators.

Automotive Solenoid Market  by Region

Key Market Players

The global the automotive solenoid market is dominated by global players such as Robert Bosch GmbH (Germany, Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan, MAHLE Group (Germany), Johnson Electric (US), and BorgWarner (US). These companies develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive solenoid market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2026

Base year considered

2020

Forecast period

2021-2026

Forecast units

Volume (Thousand Units), Value (USD Million)

Segments covered

Vehicle Type, Application Type, EV Type, Function, Operation, and Valve Design

Geographies covered

North America, Asia Pacific, Europe, and Rest of the World.

Companies Covered

Robert Bosch GmbH (Germany, Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan, MAHLE Group (Germany), Johnson Electric (US), and BorgWarner (US). 
A total of 24 major company profiles covered and provided

This research report categorizes the automotive solenoid market based on Application, Level of Autonomy, Vehicle, Propulsion, Component, Service Type, and Region.

By Vehicle Type

  • Passenger vehicle
  • Light commercial vehicle
  • Truck
  • Bus

By Electric Vehicle Type

  • BEV
  • PHEV
  • FCEV

By Application

  • Engine control and cooling system
  • Fuel and Emission Control
  • Safety and Security
  • Body Control and Interiors
  • HVAC
  • Other application

By Function

  • Fluid Control
  • Gas Control
  • Motion Control

By Valve Design

  • 2-way valve
  • 3-way valve
  • 4-way valve
  • 5-way valve

 Based on the region:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Italy
    • Rest of Europe
  • Rest of the World
    • Brazil
    • Russia
    • South Africa
    • Rest of RoW

Recent Developments

  • In October 2020, ZF Friedrichshafen AG completely acquired ZF Sachs Micro Mobility GmbH, which has become its wholly owned subsidiary and a part of its Industrial Technology Division. The previous shareholders, BMZ Batterien-Montage-Zentrum GmbH and Gustav Magenwirth GmbH & Co. KG, transferred their shares to ZF Friedrichshafen AG. ZF Sachs Micro Mobility GmbH manufactures traction motors and related products for micro-mobility (e-bikes & bicycles).
  • In July 2020, BluE Nexus Corporation (a joint venture between Aisin Seiki Co., Ltd. and DENSO Corporation) and Toyota Motor Corporation announced a collaboration wherein both companies utilize their core competencies to increase their competitiveness in products related to vehicle electrification. The collaboration will utilize Toyota's control calibration technologies for engines, batteries, and other major peripheral components and BluE Nexus's well-developed lineup of electric drive modules. Toyota announced that it would provide investment for new advanced products by taking a 10 percent stake in BluE Nexus.
  • In January 2019, Robert Bosch GmbH (Bosch) announced the complete acquisition of EM-motive GmbH that was set up as a fifty-fifty joint venture in 2011 between Bosch and Daimler. By the time of the acquisition, EM-motive GmbH had manufactured around 450,000 electric motors that were installed in electric vehicles of companies like Daimler, Porsche, Fiat, Volvo, Peugeot, etc.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 AUTOMOTIVE SOLENOID MARKET SEGMENTATION
           1.3.2 INCLUSIONS & EXCLUSIONS
                    TABLE 1 INCLUSIONS & EXCLUSIONS FOR AUTOMOTIVE SOLENOID MARKET
           1.3.3 YEARS CONSIDERED
    1.4 PACKAGE SIZE
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           FIGURE 3 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION
                    2.1.2.1 List of primary participants
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 6 AUTOMOTIVE SOLENOID MARKET SIZE: BOTTOM-UP APPROACH
                    FIGURE 7 AUTOMOTIVE SOLENOID MARKET SIZE ESTIMATION APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY FOR AUTOMOTIVE SOLENOID MARKET: TOP-DOWN APPROACH
                    FIGURE 9 AUTOMOTIVE SOLENOID MARKET: RESEARCH DESIGN & METHODOLOGY
                    FIGURE 10 AUTOMOTIVE SOLENOID MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF BORGWARNER REVENUE ESTIMATION
                    FIGURE 11 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
    2.3 DATA TRIANGULATION
           FIGURE 12 DATA TRIANGULATION METHODOLOGY
    2.4 FACTOR ANALYSIS
           2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
    2.5 RESEARCH ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 13 AUTOMOTIVE SOLENOID MARKET: MARKET OVERVIEW
    FIGURE 14 AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026
    FIGURE 15 BEV SEGMENT IS ESTIMATED TO LEAD AUTOMOTIVE SOLENOID MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES IN GLOBAL AUTOMOTIVE SOLENOID MARKET
           FIGURE 16 AUTOMOTIVE SOLENOID MARKET GROWTH CAN BE ATTRIBUTED TO RISING AUTOMATION IN VEHICLES GLOBALLY
    4.2 REGION-WISE SHARE OF GLOBAL AUTOMOTIVE SOLENOID MARKET
           FIGURE 17 APAC TO HOLD LARGEST SHARE OF GLOBAL AUTOMOTIVE SOLENOID MARKET, 2021
    4.3 AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE
           FIGURE 18 PASSENGER CARS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.4 AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE
           FIGURE 19 BEV TO HOLD LARGEST SIZE OF GLOBAL AUTOMOTIVE SOLENOID MARKET DURING FORECAST PERIOD
    4.5 AUTOMOTIVE SOLENOID MARKET, BY APPLICATION
           FIGURE 20 BODY CONTROL AND INTERIORS APPLICATION SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
    4.6 AUTOMOTIVE SOLENOID MARKET, BY FUNCTION
           FIGURE 21 FLUID CONTROL FUNCTION TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 22 GLOBAL AUTOMOTIVE SOLENOID MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.2 Growing trend of engine downsizing to boost use of solenoids
                               FIGURE 23 ENGINE DOWNSIZING TREND, BY CYLINDER TYPE, 2012–2020
                               TABLE 2 POWER OUTPUT OF VARIOUS TURBOCHARGED PETROL MODELS VS NON-TURBOCHARGED VARIANTS
                    5.2.1.3 Increasing government regulations for fuel-efficient vehicles
                               FIGURE 24 ON-ROAD LIGHT AND HEAVY-DUTY VEHICLE EMISSION REGULATION OUTLOOK
                               TABLE 3 EMISSION NORM SPECIFICATIONS IN KEY COUNTRIES FOR PASSENGER CARS
                               FIGURE 25 GLOBAL FUEL ECONOMY AND CO2 EMISSION DATA (2016–2025)
                    5.2.1.4 Significant effectiveness of solenoid valves over other valves
           5.2.2 RESTRAINTS
                    5.2.2.1 Low preference for diesel passenger cars
                    5.2.2.2 Decrease in vehicle production in last few years
                               FIGURE 26 GLOBAL PASSENGER CAR PRODUCTION, 2017–2020 (UNITS)
                               FIGURE 27 GLOBAL LIGHT COMMERCIAL VEHICLE SALES, 2017–2020 (UNITS)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Wide array of applications employing solenoids
                    5.2.3.2 Increasing trend of electric vehicles to uplift demand for automotive valves in long term
                               FIGURE 28 GLOBAL EV SALES, 2017–2020
                               TABLE 4 GOVERNMENT PROGRAMS FOR PROMOTION OF ELECTRIC COMMERCIAL VEHICLE SALES
           5.2.4 CHALLENGES
                    5.2.4.1 Technical problems associated with solenoid valves
           5.2.5 IMPACT OF MARKET DYNAMICS
    5.3 PORTER’S FIVE FORCES
           TABLE 5 IMPACT OF PORTER’S FIVE FORCES ON AUTOMOTIVE SOLENOID MARKET
           FIGURE 29 PORTER’S FIVE FORCES ANALYSIS: AUTOMOTIVE SOLENOID MARKET
           5.3.1 INTENSITY OF COMPETITIVE RIVALRY
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 THREAT OF NEW ENTRANTS
    5.4 AUTOMOTIVE SOLENOID MARKET ECOSYSTEM
           FIGURE 30 AUTOMOTIVE SOLENOID MARKET: ECOSYSTEM ANALYSIS
           TABLE 6 ROLE OF COMPANIES IN AUTOMOTIVE SOLENOID ECOSYSTEM
    5.5 TECHNOLOGY ANALYSIS
           5.5.1 SMART ACTUATORS
           5.5.2 MEMS
    5.6 PATENT ANALYSIS
           TABLE 7 IMPORTANT PATENT REGISTRATIONS RELATED TO PISTON PIN MARKET
    5.7 PRICING ANALYSIS
           FIGURE 31 AUTOMOTIVE SOLENOID MARKET: APPROXIMATE PRICE BY YEAR
    5.8 VALUE CHAIN ANALYSIS
           FIGURE 32 MAJOR VALUE ADDED DURING MANUFACTURING AND ASSEMBLY PHASES
    5.9 CASE STUDY
           5.9.1 TLX TECHNOLOGIES DEVELOPED CUSTOMIZED COMPACT LATCHING SOLENOID
           5.9.2 BORGWARNER LAUNCHED THE SMART INTEGRAL MAGNETIC SWITCH (IMS) FOR ON/OFF-HIGHWAY COMMERCIAL VEHICLES
    5.10 COVID-19 HEALTH ASSESSMENT
           FIGURE 33 COVID-19: GLOBAL PROPAGATION
           FIGURE 34 COVID-19 PROPAGATION: SELECT COUNTRIES
    5.11 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 35 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           5.11.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                     FIGURE 36 CRITERIA IMPACTING GLOBAL ECONOMY
                     FIGURE 37 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    5.12 AUTOMOTIVE SOLENOID MARKET: COVID-19 IMPACT
           5.12.1 IMPACT ON AUTOMOTIVE SOLENOID SALES
           5.12.2 IMPACT ON VEHICLE SALES
    5.13 AUTOMOTIVE SOLENOID MARKET, SCENARIOS (2021–2026)
           FIGURE 38 AUTOMOTIVE SOLENOID MARKET– FUTURE TRENDS & SCENARIOS, 2021–2026 (USD MILLION)
           5.13.1 AUTOMOTIVE SOLENOID MARKET – MOST LIKELY SCENARIO
                     TABLE 8 AUTOMOTIVE SOLENOID MARKET (MOST LIKELY), BY REGION, 2021–2026 (USD MILLION)
           5.13.2 AUTOMOTIVE SOLENOID MARKET – OPTIMISTIC SCENARIO
                     TABLE 9 AUTOMOTIVE SOLENOID MARKET (OPTIMISTIC SCENARIO), BY REGION, 2021–2026 (USD MILLION)
           5.13.3 AUTOMOTIVE SOLENOID MARKET – PESSIMISTIC SCENARIO
                     TABLE 10 AUTOMOTIVE SOLENOID MARKET (PESSIMISTIC), BY REGION, 2021–2026 (USD MILLION)
    5.14 AUTOMOTIVE SOLENOID MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS
           FIGURE 39 REVENUE SHIFT DRIVING MARKET GROWTH

6 AUTOMOTIVE SOLENOID MARKET, BY VALVE DESIGN (Page No. - 79)
    6.1 INTRODUCTION
    6.2 2-WAY SOLENOID VALVES
    6.3 3-WAY SOLENOID VALVES
    6.4 4-WAY SOLENOID VALVES
    6.5 5-WAY SOLENOID VALVES

7 AUTOMOTIVE SOLENOID MARKET, BY APPLICATION (Page No. - 81)
    7.1 INTRODUCTION
    7.2 AUTOMOTIVE SOLENOID MARKET, BY APPLICATION
           FIGURE 40 BODY CONTROL AND INTERIORS SEGMENT TO HOLD LARGEST MARKET SHARE, BY VALUE, IN 2026
           TABLE 11 AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
           TABLE 12 AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
           TABLE 13 AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 14 AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
           7.2.1 OPERATIONAL DATA
           7.2.2 ASSUMPTIONS
                    TABLE 15 ASSUMPTIONS, BY APPLICATION
           7.2.3 RESEARCH METHODOLOGY
    7.3 ENGINE CONTROL AND COOLING SYSTEM
           7.3.1 ADVANCEMENTS SUCH AS DOWNSIZING AND TURBOCHARGING IN IC ENGINES TO BOOST SEGMENTAL GROWTH
                    TABLE 16 ENGINE CONTROL AND COOLING SYSTEM: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 17 ENGINE CONTROL AND COOLING SYSTEM: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 18 ENGINE CONTROL AND COOLING SYSTEM: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 19 ENGINE CONTROL AND COOLING SYSTEM: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.4 FUEL AND EMISSION CONTROL
           7.4.1 GROWING EMPHASIS ON FUEL-EFFICIENT VEHICLES TO DRIVE DEMAND FOR SOLENOIDS FOR FUEL & EMISSION CONTROL
                    TABLE 20 FUEL AND EMISSION CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 21 FUEL AND EMISSION CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 22 FUEL AND EMISSION CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 23 FUEL AND EMISSION CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.5 BODY CONTROL AND INTERIORS
           7.5.1 RISING VEHICLE PRODUCTION WITH MODERN BODY CONTROL FUNCTIONS TO DRIVE SEGMENTAL GROWTH
                    TABLE 24 BODY CONTROL AND INTERIORS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 25 BODY CONTROL AND INTERIORS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 26 BODY CONTROL AND INTERIORS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 27 BODY CONTROL AND INTERIORS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.6 HVAC SYSTEM
           7.6.1 ADVANCEMENTS IN HVAC SYSTEMS FOR BETTER CABIN COMFORT DRIVE SEGMENTAL GROWTH
                    TABLE 28 HVAC SYSTEM: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 29 HVAC SYSTEM: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 30 HVAC SYSTEM: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 31 HVAC SYSTEM: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.7 SAFETY AND SECURITY
           7.7.1 INCREASING NUMBER OF SAFETY FEATURES IN AUTOMOBILES TO DRIVE SEGMENTAL GROWTH
                    TABLE 32 SAFETY AND SECURITY: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 33 SAFETY AND SECURITY: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 34 SAFETY AND SECURITY: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 35 SAFETY AND SECURITY: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.8 OTHERS
           TABLE 36 OTHERS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
           TABLE 37 OTHERS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
           TABLE 38 OTHERS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 39 OTHERS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.9 KEY PRIMARY INSIGHTS

8 AUTOMOTIVE SOLENOID MARKET, BY FUNCTION (Page No. - 97)
    8.1 INTRODUCTION
    8.2 GLOBAL AUTOMOTIVE SOLENOID MARKET, BY FUNCTION
           FIGURE 41 FLUID CONTROL SEGMENT TO HOLD LARGEST MARKET SHARE, BY VALUE, BY 2026 (USD MILLION)
           TABLE 40 AUTOMOTIVE SOLENOID MARKET, BY FUNCTION, 2018–2020 (THOUSAND UNITS)
           TABLE 41 AUTOMOTIVE SOLENOID MARKET, BY FUNCTION, 2021–2026 (THOUSAND UNITS)
           TABLE 42 AUTOMOTIVE SOLENOID MARKET, BY FUNCTION, 2018–2020 (USD MILLION)
           TABLE 43 AUTOMOTIVE SOLENOID MARKET, BY FUNCTION, 2021–2026 (USD MILLION)
           8.2.1 OPERATIONAL DATA
                    TABLE 44 GLOBAL PASSENGER CAR AND COMMERCIAL VEHICLE PRODUCTION DATA, 2020 (UNITS)
           8.2.2 ASSUMPTIONS
                    TABLE 45 ASSUMPTIONS, BY FUNCTION
           8.2.3 RESEARCH METHODOLOGY
    8.3 FLUID CONTROL
           8.3.1 GROWING DEMAND FOR FUEL-EFFICIENT VEHICLES TO BOOST MARKET GROWTH
                    TABLE 46 FLUID CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 47 FLUID CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 48 FLUID CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 49 FLUID CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.4 GAS CONTROL
           8.4.1 HIGH PENETRATION OF HVAC SYSTEMS AND GROWING EMISSION NORMS TO SUPPORT SEGMENTAL GROWTH
                    TABLE 50 GAS CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 51 GAS CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 52 GAS CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 53 GAS CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.5 MOTION CONTROL
           8.5.1 INCREASING BODY CONTROL FUNCTIONS IN MODERN VEHICLES TO BOOST SEGMENTAL GROWTH
                    TABLE 54 MOTION CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 55 MOTION CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 56 MOTION CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 57 MOTION CONTROL: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.6 KEY PRIMARY INSIGHTS

9 AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE (Page No. - 107)
    9.1 INTRODUCTION
           FIGURE 42 AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE, 2021 VS. 2026 (USD MILLION)
           TABLE 58 AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE, 2018–2020 (THOUSAND UNITS)
           TABLE 59 AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE, 2021–2026 (THOUSAND UNITS)
           TABLE 60 AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE, 2018–2020 (USD MILLION)
           TABLE 61 AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE, 2021–2026 (USD MILLION)
           9.1.1 OPERATIONAL DATA
                    TABLE 62 GLOBAL VEHICLE PRODUCTION (THOUSAND UNITS)
           9.1.2 ASSUMPTIONS
                    TABLE 63 ASSUMPTIONS, BY VEHICLE TYPE
           9.1.3 RESEARCH METHODOLOGY
    9.2 PASSENGER CAR
           9.2.1 GROWING TREND OF AUTOMATIC TRANSMISSION SYSTEMS AND ADVANCEMENTS IN BODY CONTROL & INTERIORS TO DRIVE MARKET
                    TABLE 64 PASSENGER CAR: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 65 PASSENGER CAR: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 66 PASSENGER CAR: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 67 PASSENGER CAR: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.3 LCV
           9.3.1 INCREASING DEMAND FOR LCV IN LAST-MILE DELIVERY TO DRIVE SEGMENTAL GROWTH
                    TABLE 68 LCV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 69 LCV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 70 LCV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 71 LCV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.4 TRUCK
           9.4.1 HIGH PROMINENCE IN ROAD TRANSPORT TO DRIVE DEMAND FOR TRUCK SOLENOIDS
                    TABLE 72 TRUCK: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 73 TRUCK: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                    TABLE 74 TRUCK: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 75 TRUCK: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.5 BUS
           9.5.1 RAPIDLY GROWING PREVALENCE OF ELECTRIC BUSES MAY HAMPER SEGMENTAL GROWTH OF ICE BUSES
                    TABLE 76 BUS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                    TABLE 77 BUS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSANDUNITS)
                    TABLE 78 BUS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 79 BUS: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.6 KEY PRIMARY INSIGHTS

10 AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 119)
     10.1 INTRODUCTION
     10.2 GLOBAL AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE
             FIGURE 43 BEV SEGMENT TO HOLD LARGEST MARKET SHARE, BY VALUE, BY 2026 (USD MILLION)
             TABLE 80 AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2020 (THOUSAND UNITS)
             TABLE 81 AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE, 2021–2026 (THOUSAND UNITS)
             TABLE 82 AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2020 (USD THOUSAND)
             TABLE 83 AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE, 2021–2026 (USD THOUSAND)
             10.2.1 OPERATIONAL DATA
                        TABLE 84 ELECTRIC VEHICLE SALES, BY PROPULSION TYPE, 2018–2020 (THOUSAND UNITS)
             10.2.2 ASSUMPTIONS
                        TABLE 85 ASSUMPTIONS, BY ELECTRIC VEHICLE TYPE
             10.2.3 RESEARCH METHODOLOGY
     10.3 BEV
             10.3.1 INCREASE IN VEHICLE DRIVING RANGE PER CHARGE EXPECTED TO BOOST DEMAND
                        TABLE 86 BEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                        TABLE 87 BEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                        TABLE 88 BEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD THOUSAND)
                        TABLE 89 BEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD THOUSAND)
     10.4 PHEV
             10.4.1 SIGNIFICANT ACCEPTANCE OF PHEVS IN PASSENGER CARS TO SUPPORT SEGMENTAL GROWTH
                        TABLE 90 PHEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                        TABLE 91 PHEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                        TABLE 92 PHEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD THOUSAND)
                        TABLE 93 PHEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD THOUSAND)
     10.5 FCEV
             10.5.1 LUCRATIVE INCENTIVES ON FCEV TO SUPPORT SEGMENTAL GROWTH
                        TABLE 94 FCEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
                        TABLE 95 FCEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                        TABLE 96 FCEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD THOUSAND)
                        TABLE 97 FCEV: AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD THOUSAND)
     10.6 KEY PRIMARY INSIGHTS

11 AUTOMOTIVE SOLENOID MARKET, BY OPERATION (Page No. - 131)
     11.1 INTRODUCTION
             FIGURE 44 AUTOMOTIVE SOLENOID VALVES, BY OPERATION
     11.2 DIRECT OPERATED
     11.3 INDIRECT (PILOT) OPERATED
     11.4 SEMI-DIRECT OPERATED

12 AUTOMOTIVE SOLENOID MARKET, BY REGION (Page No. - 133)
     12.1 INTRODUCTION
             FIGURE 45 AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021 VS. 2026
             TABLE 98 AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
             TABLE 99 AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
             TABLE 100 AUTOMOTIVE SOLENOID MARKET, BY REGION, 2018–2020 (USD MILLION)
             TABLE 101 AUTOMOTIVE SOLENOID MARKET, BY REGION, 2021–2026 (USD MILLION)
     12.2 ASIA PACIFIC
             FIGURE 46 ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET SNAPSHOT
             TABLE 102 ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
             TABLE 103 ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 104 ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 105 ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             12.2.1 CHINA
                        12.2.1.1 Significant vehicle production with increased comfort and safety to drive automotive solenoid market in China
                                     TABLE 106 CHINA: VEHICLE PRODUCTION DATA, 2018-2020 (UNITS)
                                     TABLE 107 CHINA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 108 CHINA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 109 CHINA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 110 CHINA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.2.2 JAPAN
                        12.2.2.1 Demand for technologically advanced vehicles to drive automotive solenoid market in Japan
                                     TABLE 111 JAPAN: VEHICLE PRODUCTION DATA, 2018-2020 (UNITS)
                                     TABLE 112 JAPAN: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 113 JAPAN: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 114 JAPAN: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 115 JAPAN: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.2.3 INDIA
                        12.2.3.1 Automotive solenoid market in India to grow at second-highest CAGR
                                     TABLE 116 INDIA: VEHICLE PRODUCTION DATA, 2018–2020 (UNITS)
                                     TABLE 117 INDIA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 118 INDIA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 119 INDIA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 120 INDIA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.2.4 SOUTH KOREA
                        12.2.4.1 Semi-autonomous and autonomous vehicles to drive automotive solenoid market in South Korea
                                     TABLE 121 SOUTH KOREA: VEHICLE PRODUCTION DATA, 2018–2020 (UNITS)
                                     TABLE 122 SOUTH KOREA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 123 SOUTH KOREA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 124 SOUTH KOREA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 125 SOUTH KOREA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.2.5 REST OF ASIA PACIFIC
                        TABLE 126 REST OF ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                        TABLE 127 REST OF ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                        TABLE 128 REST OF ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                        TABLE 129 REST OF ASIA PACIFIC: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
     12.3 NORTH AMERICA
             FIGURE 47 NORTH AMERICA: AUTOMOTIVE SOLENOID MARKET, 2021 VS. 2026
             TABLE 130 NORTH AMERICA: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
             TABLE 131 NORTH AMERICA: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 132 NORTH AMERICA: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 133 NORTH AMERICA: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             12.3.1 US
                        12.3.1.1 Emission norms and growing trend of advanced features to drive automotive solenoid market in US
                                     TABLE 134 US: VEHICLE PRODUCTION DATA, 2018-2020 (UNITS)
                                     TABLE 135 US: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 136 US: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 137 US: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 138 US: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.3.2 MEXICO
                        12.3.2.1 Substantial exports drive automotive solenoid market in Mexico
                                     TABLE 139 MEXICO: VEHICLE PRODUCTION DATA, 2018–2020 (UNITS)
                                     TABLE 140 MEXICO: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 141 MEXICO: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 142 MEXICO: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION TYPE, 2018–2020 (USD MILLION)
                                     TABLE 143 MEXICO: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.3.3 CANADA
                        12.3.3.1 Emission regulations to drive automotive solenoid market in Canada
                                     TABLE 144 CANADA: VEHICLE PRODUCTION DATA, 2018–2020 (UNITS)
                                     TABLE 145 CANADA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 146 CANADA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 147 CANADA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION TYPE, 2018–2020 (USD MILLION)
                                     TABLE 148 CANADA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION TYE, 2021–2026 (USD MILLION)
     12.4 EUROPE
             TABLE 149 EUROPE: CO2 EMISSIONS BY VEHICLE MANUFACTURER
             FIGURE 48 EUROPE AUTOMOTIVE SOLENOID MARKET SNAPSHOT
             TABLE 150 EUROPE: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
             TABLE 151 EUROPE: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 152 EUROPE: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 153 EUROPE: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             12.4.1 GERMANY
                        12.4.1.1 Presence of leading OEMs and component suppliers to drive German automotive solenoid market
                                     TABLE 154 GERMANY: VEHICLE PRODUCTION DATA, 2018–2020 (UNITS)
                                     TABLE 155 GERMANY: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 156 GERMANY: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 157 GERMANY: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 158 GERMANY: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.4.2 FRANCE
                        12.4.2.1 Significant production of passenger cars and LCVs to drive automotive solenoid market in France
                                     TABLE 159 FRANCE: VEHICLE PRODUCTION DATA, 2018–2020 (UNITS)
                                     TABLE 160 FRANCE: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 161 FRANCE: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 162 FRANCE: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 163 FRANCE: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.4.3 UK
                        12.4.3.1 Demand for premium passenger cars to drive automotive solenoid market in UK
                                     TABLE 164 UK: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                                     TABLE 165 UK: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 166 UK: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 167 UK: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 168 UK: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.4.4 SPAIN
                        12.4.4.1 Rising demand for passenger vehicles to drive automotive solenoid market in Spain
                                     TABLE 169 SPAIN: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                                     TABLE 170 SPAIN: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 171 SPAIN: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 172 SPAIN: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 173 SPAIN: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.4.5 ITALY
                        12.4.5.1 Government emphasis on fuel-efficient cars to drive automotive solenoid market in Italy
                                     TABLE 174 ITALY: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                                     TABLE 175 ITALY: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 176 ITALY: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 177 ITALY: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 178 ITALY: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.4.6 REST OF EUROPE
                        TABLE 179 REST OF EUROPE: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                        TABLE 180 REST OF EUROPE: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                        TABLE 181 REST OF EUROPE: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                        TABLE 182 REST OF EUROPE: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
     12.5 ROW
             FIGURE 49 BRAZIL TO LEAD AUTOMOTIVE SOLENOID MARKET IN ROW, BY VALUE, 2021–2026 (USD MILLION)
             TABLE 183 ROW: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
             TABLE 184 ROW: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 185 ROW: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
             TABLE 186 ROW: AUTOMOTIVE SOLENOID MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             12.5.1 BRAZIL
                        12.5.1.1 Economic vehicles to drive automotive solenoid market in Brazil
                                     TABLE 187 BRAZIL: VEHICLE PRODUCTION DATA, 2018–2020 (UNITS)
                                     TABLE 188 BRAZIL: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 189 BRAZIL: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 190 BRAZIL: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 191 BRAZIL: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.5.2 RUSSIA
                        12.5.2.1 High production volumes of passenger cars to drive automotive solenoid market in Russia
                                     TABLE 192 RUSSIA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 193 RUSSIA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 194 RUSSIA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 195 RUSSIA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.5.3 SOUTH AFRICA
                        12.5.3.1 Production of economy passenger cars to drive automotive solenoid market in South Africa
                                     TABLE 196 SOUTH AFRICA: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                                     TABLE 197 SOUTH AFRICA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                                     TABLE 198 SOUTH AFRICA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                                     TABLE 199 SOUTH AFRICA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                     TABLE 200 SOUTH AFRICA: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             12.5.4 OTHERS
                        TABLE 201 OTHERS: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (THOUSAND UNITS)
                        TABLE 202 OTHERS: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
                        TABLE 203 OTHERS: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                        TABLE 204 OTHERS: AUTOMOTIVE SOLENOID MARKET, BY APPLICATION, 2021–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 183)
     13.1 OVERVIEW
             TABLE 205 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN AUTOMOTIVE SOLENOID MARKET
     13.2 REVENUE ANALYSIS OF TOP PLAYERS
             FIGURE 50 TOP PUBLIC/LISTED PLAYERS HAVE DOMINATED THE AUTOMOTIVE SOLENOID MARKET DURING THE LAST THREE YEARS
     13.3 MARKET RANKING ANALYSIS
             FIGURE 51 AUTOMOTIVE SOLENOID MARKET: MARKET RANKING ANALYSIS
     13.4 COMPETITIVE LEADERSHIP MAPPING FOR THE AUTOMOTIVE SOLENOID MARKET
             13.4.1 STAR
             13.4.2 PERVASIVE
             13.4.3 EMERGING LEADER
             13.4.4 PARTICIPANT
                        FIGURE 52 AUTOMOTIVE SOLENOID MARKET: COMPANY EVALUATION MATRIX, 2021
     13.5 COMPANY EVALUATION QUADRANT
             TABLE 206 COMPANY REGION FOOTPRINT
             TABLE 207 COMPANY VEHICLE TYPE FOOTPRINT (14 COMPANIES)
             TABLE 208 COMPANY APPLICATION & GEOGRAPHIC FOOTPRINT
     13.6 START-UP/SME EVALUATION MATRIX, 2020
             FIGURE 53 AUTOMOTIVE SOLENOID MARKET: COMPETITIVE LEADERSHIP MAPPING FOR SME, 2021
     13.7 COMPETITIVE SCENARIO AND TRENDS
             13.7.1 PRODUCT LAUNCHES
                        TABLE 209 AUTOMOTIVE SOLENOID MARKET: PRODUCT LAUNCHES, 2018–2021
             13.7.2 DEALS
                        TABLE 210 AUTOMOTIVE SOLENOID MARKET: DEALS, 2018–2021
             13.7.3 OTHERS
                        TABLE 211 AUTOMOTIVE SOLENOID MARKET: OTHERS, 2018–2021
     13.8 WINNERS VS. TAIL-ENDERS
             TABLE 212 WINNERS VS. TAIL-ENDERS

14 COMPANY PROFILES (Page No. - 199)
     (Business overview, Products offered, Recent developments & MnM View)* 
     14.1 KEY PLAYERS
             14.1.1 BORGWARNER INC.
                        TABLE 213 BORGWARNER: BUSINESS OVERVIEW
                        FIGURE 54 BORGWARNER INC.: COMPANY SNAPSHOT
                        TABLE 214 BORGWARNER INC.: PRODUCTS OFFERED
                        TABLE 215 BORGWARNER INC.: NEW PRODUCT DEVELOPMENTS
                        TABLE 216 BORGWARNER INC.: DEALS
                        TABLE 217 BORGWARNER: OTHERS
             14.1.2 ROBERT BOSCH
                        TABLE 218 ROBERT BOSCH: BUSINESS OVERVIEW
                        FIGURE 55 ROBERT BOSCH: COMPANY SNAPSHOT
                        TABLE 219 ROBERT BOSCH: PRODUCTS OFFERED
                        TABLE 220 ROBERT BOSCH GMBH: DEALS
                        TABLE 221 ROBERT BOSCH: OTHERS
             14.1.3 DENSO CORPORATION
                        TABLE 222 DENSO CORPORATION: BUSINESS OVERVIEW
                        FIGURE 56 DENSO CORPORATION: COMPANY SNAPSHOT
                        TABLE 223 DENSO CORPORATION: PRODUCTS OFFERED
                        TABLE 224 DENSO CORPORATION: DEALS
                        TABLE 225 DENSO CORPORATION: OTHERS
             14.1.4 ZF FRIEDRICHSHAFEN AG
                        TABLE 226 ZF FRIEDRICHSHAFEN: BUSINESS OVERVIEW
                        FIGURE 57 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
                        TABLE 227 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED
                        TABLE 228 ZF FRIEDRICHSHAFEN AG: NEW PRODUCT DEVELOPMENTS
                        TABLE 229 ZF FRIEDRICHSHAFEN AG: DEALS
                        TABLE 230 ZF: OTHERS
             14.1.5 MAHLE GMBH
                        TABLE 231 MAHLE GMBH: BUSINESS OVERVIEW
                        FIGURE 58 MAHLE GMBH: COMPANY SNAPSHOT
                        TABLE 232 MAHLE GMBH: PRODUCTS OFFERED
                        TABLE 233 MAHLE GMBH: DEALS
             14.1.6 NIDEC CORPORATION
                        TABLE 234 NIDEC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 59 NIDEC CORPORATION: COMPANY SNAPSHOT
                        TABLE 235 NIDEC CORPORATION: PRODUCTS OFFERED
                        TABLE 236 NIDEC CORPORATION: DEALS
             14.1.7 JOHNSON ELECTRIC HOLDINGS LIMITED
                        TABLE 237 JOHNSON ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 60 JOHNSON ELECTRIC: COMPANY SNAPSHOT
                        TABLE 238 JOHNSON ELECTRIC: PRODUCTS OFFERED
             14.1.8 SCHAEFFLER AG
                        TABLE 239 SCHAEFFLER: BUSINESS OVERVIEW
                        FIGURE 61 SCHAEFFLER: COMPANY SNAPSHOT
                        TABLE 240 SCHAEFFLER: PRODUCTS OFFERED
                        TABLE 241 SCHAEFFLER: DEALS
                        TABLE 242 SCHAEFFLER: OTHERS
             14.1.9 RHEINMETALL AUTOMOTIVE
                        TABLE 243 RHEINMETALL AUTOMOTIVE: BUSINESS OVERVIEW
                        FIGURE 62 RHEINMETALL AUTOMOTIVE: COMPANY SNAPSHOT
                        TABLE 244 RHEINMETALL: PRODUCTS OFFERED
                        TABLE 245 RHEINMETALL: NEW PRODUCT DEVELOPMENTS
                        TABLE 246 RHEINMETALL: DEALS
             14.1.10 HITACHI ASTEMO
                        TABLE 247 HITACHI AUTOMOTIVE: BUSINESS OVERVIEW
                        FIGURE 63 HITACHI ASTEMO: COMPANY SNAPSHOT
                        TABLE 248 HITACHI ASTEMO: PRODUCTS OFFERED
     *Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies. 
     14.2 OTHER KEY PLAYERS
             14.2.1 STONERIDGE INC
                        TABLE 249 STONERIDGE: BUSINESS OVERVIEW
             14.2.2 GKN GROUP
                        TABLE 250 GKN GROUP: BUSINESS OVERVIEW
             14.2.3 MITSUBISHI ELECTRIC CORPORATION
                        TABLE 251 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
             14.2.4 TLX TECHNOLOGIES
                        TABLE 252 TLX TECHNOLOGIES: BUSINESS OVERVIEW
             14.2.5 ROTEX AUTOMATION
                        TABLE 253 ROTEX AUTOMATION: BUSINESS OVERVIEW
             14.2.6 GIDEON AUTOMOTIVE INDUSTRIES
                        TABLE 254 GIDEON AUTOMOTIVE INDUSTRIES: BUSINESS OVERVIEW
             14.2.7 SOLENOID SYSTEMS
                        TABLE 255 SOLENOID SYSTEMS: BUSINESS OVERVIEW
             14.2.8 KENDRION
                        TABLE 256 KENDRION: BUSINESS OVERVIEW
             14.2.9 MZW MOTOR
                        TABLE 257 MZW MOTOR: BUSINESS OVERVIEW
             14.2.10 BICOLEX
                        TABLE 258 BICOLEX: BUSINESS OVERVIEW
             14.2.11 ZONHEN ELECTRIC APPLIANCES
                        TABLE 259 ZONHEN ELECTRIC APPLIANCES: BUSINESS OVERVIEW
             14.2.12 PADMINI VNA MECHATRONICS
                        TABLE 260 PADMINI VNA MECHATRONICS: BUSINESS OVERVIEW
             14.2.13 JAKSA
                        TABLE 261 JAKSA: BUSINESS OVERVIEW
             14.2.14 EMERSON ELECTRIC
                        TABLE 262 EMERSON ELECTRIC: BUSINESS OVERVIEW

15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 239)
     15.1 ASIA PACIFIC IS KEY MARKET FOR AUTOMOTIVE SOLENOIDS
     15.2 CONCLUSION

16 APPENDIX (Page No. - 240)
     16.1 KEY INSIGHTS OF INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

The study involved 4 major activities in estimating the current size of the automotive solenoid market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down approach was employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used in estimating the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of automobile OEMs, American Automobile Association (AAA), country-level automotive associations and European Alternative Fuels Observatory (EAFO)], automobile magazines, articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases (for example, Marklines, and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global automotive solenoid market.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the Automotive solenoid market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-side and supply-side (OEMs and component manufacturers) across 4 major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. Approximately 14% and 86% of primary interviews have been conducted from the demand- and supply-side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject-matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents

Automotive Solenoid Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the total size of the automotive solenoid market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of volume, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  •  To segment and forecast the size of the global automotive solenoid market, in terms of volume (million units)
  • To define, describe, and forecast the market on the basis of valve design, application, function, vehicle type, operation type, electric vehicle type, and region
  • To analyze the regional markets for growth trends, prospects, and their contribution to the overall market
  • To segment and forecast the market on the basis of valve design into 2-way solenoid valve, 3-way solenoid valve, 4-way solenoid valve, and 5-way solenoid valve
  • To segment and forecast the market, on the basis of application type into engine control and cooling system, fuel and emission control, body control and interiors, HVAC system, safety and security, and others
  • To segment and forecast the market on the basis of function into fluid control, gas control, and motion control
  • To segment and forecast the market, on the basis of operation type, into direct acting, indirect acting, and semi-direct acting
  • To segment and forecast the market, on the basis of vehicle type, into passenger vehicle, light commercial vehicle, trucks, and buses
  • To segment and forecast the market, on the basis of electric vehicle type, into BEV, PHEV, HEV, and FCEV
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities for stakeholders and details of the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze recent developments, alliances, joint ventures, product innovations, and mergers & acquisitions in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.

  • Automotive solenoid market, by vehicle at country level (for countries not covered in the report)
  • Automotive solenoid market, by application at country level (for countries not covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 5)
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AT 5317
Published ON
Sep, 2021
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