Actuators for on/off-highway Vehicles Market

Continental AG (Germany) and Robert Bosch GmbH (Germany) are the Leading Players in the Automotive Actuators Market

The global automotive actuators market is projected to grow at a CAGR of 7.49% during the forecast period, to reach USD 20.33 Billion by 2022 from an estimated USD 14.16 Billion in 2017. The increasing demand for fuel efficient vehicles, trend of engine downsizing, increasing level of comfort, and increasing production volume of passenger cars, light, and heavy commercial vehicles in countries such as the U.S., China, and India have fueled the demand for automotive actuators across the globe.

Agreements, partnerships, collaborations, and joint ventures are the key strategies adopted by market players to achieve growth in the automotive actuators market. Hitachi Ltd. (Japan), Robert Bosch GmbH (Germany), Continental AG (Germany), Magna International (Canada), and Delphi Automotive (U.K.) are the major companies that adopted these strategies.

New product launch and development was the second most adopted strategy by automotive actuators manufacturers to cater to the growing demand from original equipment (OE) customers. Hitachi Ltd. (Japan), Robert Bosch GmbH (Germany), Magna International (Canada), BorgWarner Inc. (U.S.), Hella KGaA Hueck & Co. (Germany), Magneti Marelli S.p.A. (Italy), and Denso Corporation (Japan) are some of the actuator manufacturers who adopted the strategy of new product development.

The automotive actuators market has witnessed significant growth in developing countries. Vehicle production is growing in China, India, and certain countries in the Rest of the World (RoW) region such as Russia and Brazil. OEMs are targeting emerging economies to expand their existing production capacity.

Continental AG is one of the leading players in the global automotive actuators market. The company is one of the largest manufacturers of actuators for all vehicle segments including passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). Continental, in 2015, acquired a 100 percent stake in Emitec Emission Control Technologies to strengthen its powertrain division. The company is launching developed and upgraded technology actuators, which will increase fuel efficiency and comfort in the vehicle.

Robert Bosch GmbH manufactures and sells automotive and other consumer products. The company operates through four major business segments-automotive technology, industrial technology, energy and building technology, and consumer goods. It offers automotive actuators through its automotive technology business segment. The company has over 360 subsidiaries and regional companies spanning more than 50 countries. In 2014, Robert Bosch invested USD 193 million in India to set up a manufacturing unit for diesel-injection components in Bangalore and electrical drives division in Chennai for actuator systems. The company has a vast portfolio of actuators such as electric windows, seat adjustment, sunroofs, fan modules and engine-cooling drive systems, pumps and valves for cooling systems, front and rear wiper systems, and wiper blades.

Related Reports:

Automotive Actuators Market by Vehicle, Application, Off-Highway Vehicles, Electric Vehicle, Product (Wastegate, VGT, Throttle, Brake, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, and Piezoelectric), and Region - Global forecast to 2022

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Report Code
AT 3296
RI Published ON
6/5/2017
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