India Automotive Hydraulic Actuators Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Automotive Hydraulic Actuators Market Analysis
The India Automotive Hydraulic Actuators Market is expected to register a CAGR of 7.7% during the forecast period, 2020-2025.
The market for automotive hydraulic actuators is primarily driven by increased demand for mobility, safety, and higher force in heavy-duty vehicles. Also, growing demand for comfort, especially in passenger vehicles, drives the growth of the automotive hydraulic actuators market.
Although, in 2019, the growth of passenger vehicle sales has reduced, also initial investment, maintenance, and leakage are some of the concerns with hydraulic actuators. Hydraulic oil can leak, which can lead to serious contaminant and is difficult to clean. However, with proper maintenance, the risk of hydraulic leakage is significantly reduced.
As a result, OEMs are still making hydraulic actuators one of the main areas of focus to improve heavy-duty vehicle's safety and comfort. For instance, truck lifts heavy load to deposit tons of sand at construction sites. A hydraulic motor also helps steer the wheels changing direction with the flow of oil controlled with the steering wheel.
India Automotive Hydraulic Actuators Market Trends
This section covers the major market trends shaping the India Automotive Hydraulic Actuators Market according to our research experts:
Rising Demand for Fuel-Efficient Vehicles Will Help the Hydraulic Actuators Market to Grow
The hydraulic actuators market has evolved from a working mechanic application to a fully automotive. Most hydraulic actuators are large and powerful but can be relatively expensive as initial investments.
Factors such as increasing fuel efficiency rules in India are resulting in consumer awareness to use automobiles, which give a higher performance for the same fuel efficiency. The engine actuator products, maximize the potential of modern engine management, offering consistency and improved performance, thus reducing CO2 emissions from vehicles of all classes. As a result, automotive hydraulic actuators will experience a higher deployment in various automotive applications.
The increasing demand for fuel-efficient vehicles, along with the rising demand for advanced hydraulic actuator products, among the buyers, is compelling the major manufacturers to invest in R&D activities. The sales of heavy-duty vehicles in India have gone up, which will have a positive impact on the Automotive Hydraulic Actuators Market.
Hydraulic Actuators is Driving the Growth of Heavy-Duty Vehicles
Many technological advancements have been done in the automotive market field, which has had a direct impact on the automotive actuators, which is witnessing newer challenges and developments. Problems such as improving effectiveness with various functional components in the vehicle ranging from Throttle Actuator, Brake Actuator, Closure Actuator (Window, Door, and Sunroof), and Other Application Types are driving towards the research and development of the market.
For heavy-duty work, hydraulic actuators are considered to be better return on investment in terms of strength compared to electric actuators and most of the pneumatic actuators. Hydraulic actuator motors have a high horsepower-to-weight ratio. They are extremely forceful and produce a tremendous amount of power for their size. This makes them economical as well as highly efficient.
Hydraulic power is easy to contain and control. Hydraulic systems are extremely dependable, and their design has been long-proven to be safe and secure. Many hydraulic controls are automated systems, but it’s simple to build manual overrides into hydraulics that let an operator directly control the actuator. They are self-contained and portable without needing a cumbersome and complicated support system. Hydraulics are ideally suited for trucks and heavy equipment applications.
India Automotive Hydraulic Actuators Industry Overview
The India Automotive Hydraulic Actuators are fragmented with various international and regional players such as Robert Bosch GmbH, Continental, and Denso. Although to have the edge over its competitors, the major hydraulic actuators manufacturing companies are making joint-ventures, partnerships to launch newer products.
In 2020, BorgWarner announced that shareholders of Delphi Technologies approved BorgWarner's all-stock acquisition of Delphi Technologies. A large majority of Delphi Technologies' shareholders voted in favour of the transaction. BorgWarner is one of the largest hydraulic actuator markets in the United States. This acquisition will boost the market size of Delphi Technologies in the hydraulic actuators segment as well.
India Automotive Hydraulic Actuators Market Leaders
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Denso Corporation
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Mitsubishi Electric Corporation
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Nidec Corporation
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Hitachi Ltd
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Continental
*Disclaimer: Major Players sorted in no particular order
India Automotive Hydraulic Actuators Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Vehicle Type
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5.1.1 Passenger Car
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5.1.2 Commercial Vehicle
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5.2 Application Type
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5.2.1 Throttle Actuator
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5.2.2 Seat Adjustment Actuator
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5.2.3 Brake Actuator
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5.2.4 Closure Actuator
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5.2.5 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 Denso Corporation
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6.2.2 Mitsubishi Electric Corporation
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6.2.3 Nidec Corporation
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6.2.4 Hitachi Ltd
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6.2.5 Continental AG
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6.2.6 Robert Bosch GmbH
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6.2.7 Denso Corporation
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6.2.8 BorgWarner Inc
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6.2.9 Aptiv Plc
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
India Automotive Hydraulic Actuators Industry Segmentation
The India Automotive Hydraulic Actuators Market report covers the current and upcoming trends with recent technological development. The report will provide a detailed analysis of the market by various areas by vehicle and application type. The market share of significant hydraulic actuator companies and country-level analysis will be provided in the report.
India Automotive Hydraulic Actuators Market Research FAQs
What is the current India Automotive Hydraulic Actuators Market size?
The India Automotive Hydraulic Actuators Market is projected to register a CAGR of 7.70% during the forecast period (2024-2029)
Who are the key players in India Automotive Hydraulic Actuators Market?
Denso Corporation , Mitsubishi Electric Corporation , Nidec Corporation , Hitachi Ltd and Continental are the major companies operating in the India Automotive Hydraulic Actuators Market.
What years does this India Automotive Hydraulic Actuators Market cover?
The report covers the India Automotive Hydraulic Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Automotive Hydraulic Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Automotive Hydraulic Actuators Industry Report
Statistics for the 2024 India Automotive Hydraulic Actuators market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Automotive Hydraulic Actuators analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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