Market Size of Canada Automotive Electric Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Automotive Electric Actuators Market Analysis
The Canada Automotive Electric Actuators Market is expected to register a CAGR of 8.3% during the forecast period, 2020-2025.
Currently, the market for automotive electric 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 electric actuators market.
Many high-end models are offering small electric actuators, also known as mini actuators. Mini electric linear actuators are becoming popular because their energy conversion rate is much higher for different kinds of linear motion.
For instance, most automotive headlights maintain a fixed position mounted on an aligned orientation of the vehicle. However, high-end manufacturers are providing mini actuators that allow the headlights to move either up and down and helps focus the light on curving or undulating road surfaces. Since mini actuators can be fitted in compact spaces due to its small size, there are preferred over standard actuators. Also, the conversion of energy into linear motion, while providing perfect linear actuation is desirable for luxury manufacturers. Also, in Canada, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in other electric actuators segments.
Canada Automotive Electric Actuators Industry Segmentation
The Canada Automotive Electric 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, and application type. The market share of significant actuator companies and country level analysis will be provided in the report.
| Vehicle Type | |
| Passenger Car | |
| Commercial Vehicle |
| Application Type | |
| Throttle Actuator | |
| Seat Adjustment Actuator | |
| Brake Actuator | |
| Closure Actuator | |
| Other |
Canada Automotive Electric Actuators Market Size Summary
The Canada Automotive Electric Actuators Market is experiencing significant growth, driven by the increasing automation and digitalization in the automotive sector. The demand for fuel efficiency and enhanced comfort, particularly in passenger vehicles, is propelling the market forward. High-end vehicle models are increasingly incorporating mini electric actuators, which offer superior energy conversion rates for linear motion, making them preferable for applications like adaptive headlights. Despite a slowdown in vehicle sales in 2019, original equipment manufacturers (OEMs) continue to focus on electric actuators to enhance passenger safety and comfort. The market is evolving from mechanical applications to fully integrated automotive solutions, with electric actuators playing a crucial role in maximizing engine management efficiency and reducing CO2 emissions.
The market is further bolstered by the rising sales of SUVs and premium vehicles in Canada, which are driving demand for advanced electric actuator products. Manufacturers are investing in research and development to meet the growing consumer demand for fuel-efficient and luxurious vehicles. Technological advancements and increased focus on vehicle safety regulations are encouraging automakers to install more electric actuators. These actuators, known for their lower heat and noise emissions, improved design, and flexible installation options, are widely used in luxury vehicles for various applications such as window lifts and seat adjustments. The market is characterized by fragmentation, with international and regional players like Robert Bosch GmbH, Continental, and Denso actively engaging in partnerships and product innovations to maintain a competitive edge.
Canada Automotive Electric Actuators Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Car
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2.1.2 Commercial Vehicle
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2.2 Application Type
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2.2.1 Throttle Actuator
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2.2.2 Seat Adjustment Actuator
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2.2.3 Brake Actuator
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2.2.4 Closure Actuator
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2.2.5 Other
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Canada Automotive Electric Actuators Market Size FAQs
What is the current Canada Automotive Electric Actuators Market size?
The Canada Automotive Electric Actuators Market is projected to register a CAGR of 8.30% during the forecast period (2024-2029)
Who are the key players in Canada Automotive Electric Actuators Market?
Robert Bosch GmbH , Denso Corporation , Mitsubishi Electric and Aptiv PLC are the major companies operating in the Canada Automotive Electric Actuators Market.
