logo

Argentina Automotive Actuators Market Size (2024 - 2029)

The Argentina automotive actuators market is experiencing growth driven by increasing automation and digitalization, alongside a rising demand for fuel efficiency and comfort in passenger vehicles. Despite a slowdown in vehicle sales in 2019, original equipment manufacturers continue to focus on electric actuators to enhance safety and comfort, particularly in seat adjustment systems. The market size is influenced by the growing popularity of SUVs and premium vehicles, which boosts the demand for advanced seat adjustment actuators.

Home Market Analysis Automotive Research Auto Parts Research Automotive Electrical and Electronics Research Automotive Auxiliary Motors Research Automotive Actuators Research Argentina Automotive Actuators Market Market Size

Market Size of Argentina Automotive Actuators Industry

The Argentina Automotive Actuators Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.90 %
Market Concentration Medium

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

Argentina Automotive Actuators Market Analysis

The Argentina Automotive Actuators Market is expected to register a CAGR of 5.9% during the forecast period, 2020-2025.

Currently, the market for automotive actuators is primarily driven by rising automation and digitalization. Increased demand for fuel efficiency and growing demand for comfort, especially in passenger vehicles, is driving the growth of the automotive actuators market.

Although, in 2019, the growth of passenger and commercial vehicle sales has reduced. But OEM are still making electric actuators as one of the main areas of focus to improve passenger's safety and comfort. As a part of that effort, electric actuators have also gained significant attention in recent years.

For instance, actuators are used in seats for adjusting lumbar support systems, seat positioning, angles, and for seat track actuators. Several automotive seat adjustment actuators are available in the market, such as geared motors for recliner adjustment, double output shaft for track drives, and linear actuators for height and tilt adjustments. Also, in Argentina, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in the seat adjustment actuators segment.

Argentina Automotive Actuators Industry Segmentation

The Argentina Automotive Actuators Market report covers the current and upcoming trends with recent technological development. The report will provide a detailed analysis of various areas of the market by vehicle, product and drive type. The market share of significant actuator companies and country level analysis will be provided in the report.

Vehicle Type
Passenger Car
Commercial Vehicle
Actuators Type
Electrical actuators
Hydraulic actuators
Pneumatic actuators
Application Type
Throttle Actuator
Seat Adjustment Actuator
Brake Actuator
Closure Actuator
Other
Need A Different Region Or Segment?
Customize Now

Argentina Automotive Actuators Market Size Summary

The Argentina Automotive Actuators Market is experiencing growth driven by increasing automation and digitalization in vehicles. The demand for fuel efficiency and enhanced comfort, particularly in passenger vehicles, is a significant factor propelling the market forward. Despite a slowdown in vehicle sales in 2019, original equipment manufacturers (OEMs) have focused on developing electric actuators to enhance passenger safety and comfort. These actuators are integral to various vehicle functions, such as seat adjustments, which have seen increased demand due to the rising popularity of SUVs and premium vehicles in Argentina. The market has transitioned from basic mechanical applications to sophisticated automotive solutions, with a strong emphasis on meeting fuel efficiency regulations and improving vehicle performance.

The market is characterized by technological advancements and a growing demand for advanced actuator products, prompting major manufacturers to invest in research and development. The rise in luxury car sales in Argentina positively impacts the automotive actuators market, as these vehicles often feature more advanced systems. Electric actuators, known for their efficiency and flexibility, are increasingly used in modern vehicles for functions like window lifts and sunroof drives. The market is fragmented, with international and regional players such as Robert Bosch GmbH, Continental, and Denso competing for market share. To maintain a competitive edge, these companies are engaging in partnerships and joint ventures to introduce innovative products.

Explore More

Argentina Automotive Actuators Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Vehicle Type

      1. 2.1.1 Passenger Car

      2. 2.1.2 Commercial Vehicle

    2. 2.2 Actuators Type

      1. 2.2.1 Electrical actuators

      2. 2.2.2 Hydraulic actuators

      3. 2.2.3 Pneumatic actuators

    3. 2.3 Application Type

      1. 2.3.1 Throttle Actuator

      2. 2.3.2 Seat Adjustment Actuator

      3. 2.3.3 Brake Actuator

      4. 2.3.4 Closure Actuator

      5. 2.3.5 Other

Argentina Automotive Actuators Market Size FAQs

The Argentina Automotive Actuators Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)

Continental AG, Robert Bosch GmbH, Hella KGaA Hueck & Co., Wabco Holdings Inc. and Sonceboz SA are the major companies operating in the Argentina Automotive Actuators Market.

Argentina Automotive Actuators Report Snapshots

Argentina Automotive Actuators Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)