Sales of Automotive Actuators Sparked Higher Due to Swelling Demand for Compact Passenger Cars, reports Fact.MR study

Automotive actuators continues to witness lucrative opportunities across countries on the backdrop of increasing Vehicle Park worldwide.

Rockville, MD, July 24, 2019 (GLOBE NEWSWIRE) -- Fact.MR has recently published a new research study titled “Automotive Actuator Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2027”, to its broad online database. This report carefully discourses the global automotive actuator market in order to highpoint profitable opportunities observed across different geographical sections. This development is primarily credited to the swelling vehicle demand at the global level. Readers can gather vital information from this assessment such as supply chain, Y-o-Y growth, forecast factors, investment feasibility matrix and Porter’s Five Forces analysis, so as to gain better picture about the upcoming prospects in the global automotive actuator market.

According to research insights, the automotive actuators market is expected to register 6.8% CAGR during the forecast period 2018-2027. This impressive growth is highly motivated by increased traction from the air conditioning system application. Furthermore, active innovations across HVAC system targeted towards supreme efficiency is expected to steer growth in several top-listed regional markets.

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Compact Passenger Cars Deliver Higher Sales for Automotive Actuators

The rising demand for compact passenger cars is directly impacting the sales of automotive actuators since they are marked as the largest users of this particular automobile component. Focusing on the strong forecasted growth during the assessment period, compact passenger cars are likely to present an incremental opportunity. Interestingly, the contribution from mid-sized passenger cars is also projected to benefit the global automotive actuators market in the coming years.

APEJ Emerges as Profitable Market Region

With a stern look at the regional stretch of the automotive actuators market, Asia-Pacific Excluding Japan (APEJ) is likely to shine as the leading market during the forecast period. The report highlights that, the APEJ region is projected to exceed US$ 12,500 Mn by 2027-end. Such forecasted growth is accredited to primary drivers like stringent regulations on emission and fuel consumption that has triggered the demand for automotive actuators in the target region.

Preview Analysis of Global Automotive Actuators Market research report Segmented By Product Type (Wastegate Actuator, VGT Actuator, Throttle Actuator, Brake Actuator, EGR Actuator, Power Seat Actuator, Grille Shutter Actuator, HVAC Actuator, Headlamp Actuator, Others (Quick Attach, Hood Lift etc.)), By Vehicle Type (Passenger Vehicle, Commercial vehicles, Heavy Commercial Vehicles), By Sales Channel, By Working Type, By Application, & By Region-

Revenue Share from Pneumatic Actuators Hit Extraordinary Levels

Electric actuators or gear motors have experienced a notable demand increase since they hold potency to balance high operational and maintenance cost of hydraulic and pneumatic automotive actuators. It is important to know that, revenues from pneumatic actuators are expected to be twice as those of electric actuators by 2027-end. Moreover, revenues from electromagnetic automotive actuators are likely to remain moderately low; however sales rate from such versions are predicted to remain promising until 2027.

As the report concludes, readers can access data points linked to the competitive scenario active across the global automotive actuators market. The major companies mentioned in the study are BorgWarner Inc., Aptiv Plc, Denso Corporation, CTS Corporation, Continental AG and a lot more. Each of these market players is examined in terms of company overview, SWOT analysis, key developments, key financials and product overview. The overall research report is a smart representation of the global automotive actuator market together with future trends and anticipated transformations due to technological advancements, market expansions etc.

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More Automotive Industry Market Reports from Fact.MR

Motorcycle Market- Global motorcycle sales were to the tune of US$ 112 billion in 2018 and revenues are estimated to grow at a CAGR of 3.8% during the 2017-2026 period. APAC is estimated to continue to remain the largest motorcycle market in the foreseeable future. An exponential rise in the global urban population with the UN Department of Economics and Social Affairs estimating 90% of the transition taking place in Asia is one of the key factors contributing to the surge in demand for motorcycles in the region.

Automotive Gear Shift System Market- Burgeoning demand for automobiles in both developing and developed economies coupled with the growing production of electric vehicles is expected to fuel automotive gear shift system market proliferation which was valued at US$ 22 billion in 2018 and is estimated to witness a steady growth at a CAGR of over 4.5% during 2018-2028.

Automotive Radar Market- The global automotive radar market holds impressive growth prospects in the foreseeable future and the roughly US$ 2 Bn automotive radar market revenue is predicted to reach the value beyond US$ 7 Bn over 2017-2022. Prominently driven by automotive and automotive radar manufacturers to adopt technology innovations for greater road safety, the global market for automotive radar is expected to gain a major boost by several initiatives by governments across the globe.

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