Mexico Automotive Actuators Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Automotive Actuators Market Analysis
The Mexico Automotive Actuators Market is expected to register a CAGR of 5.3% 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 Mexico, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in the seat adjustment actuators segment.
Mexico Automotive Actuators Market Trends
This section covers the major market trends shaping the Mexico Automotive Actuators Market according to our research experts:
Rising Demand for Fuel-Efficient Vehicles Will Help the Actuators Market to Grow
The actuators market has evolved from a working mechanic application to a fully automotive. Factors such as increasing fuel efficiency rules in Mexico 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 actuators will experience a higher deployment in various automotive applications.
The increasing demand for fuel-efficient vehicles, along with the rising demand for advanced actuator products, among the buyers, is compelling the major manufacturers to invest in R&D activities. The sales of luxury cars in Mexico have gone up, which will have a positive impact on the Automotive Actuators Market.
Electric Actuators is Driving the Growth of The Market
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.
The electrical actuators are equipped with most of the newer vehicles. They emit lesser heat, lower noise emission, design, and offer flexible installation options. Additionally, since they run on battery, they can deliver higher torque while they are also compact and lightweight, making it an optimum choice over the regular actuators. Advanced electrical circuiting and also well-designed software make actuators easier to operate. Electric actuators are widely used in window lifts, power tailgate drive, seat adjustment, and sunroof drive.
There is also a growing demand for features offering better comfort to the passengers, which has become a necessary factor for top manufacturers to differentiate to each in the growing actuators industry. As a result, OEMs invest heavily in efforts to enhance the driving and passenger experience by proving the best actuators to its customers.
Mexico Automotive Actuators Industry Overview
The Mexico Automotive 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 actuators manufacturing companies are making joint-ventures, partnerships to launch newer products.
In 2019, Progressive Automations introduced a wide range of electric linear actuators models. The electric linear actuators have unique capabilities for possible versatile applications. The linear actuator manufacturer offers 12V models covered with an 18-month warranty. Besides, consumers have an opportunity to customize the chosen model for specific demands, including voltage, force, stroke length, dimensions, and feedback control.
Mexico Automotive Actuators Market Leaders
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Robert Bosch GmbH
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Denso Corporation
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Mitsubishi Electric
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Aptiv PLC
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Nidec Corporation
*Disclaimer: Major Players sorted in no particular order
Mexico Automotive 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 Actuators Type
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5.2.1 Electrical Actuators
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5.2.2 Hydraulic Actuators
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5.2.3 Pneumatic Actuators
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5.3 Application Type
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5.3.1 Throttle Actuator
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5.3.2 Seat Adjustment Actuator
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5.3.3 Brake Actuator
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5.3.4 Closure Actuator
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5.3.5 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 Robert Bosch GmbH
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6.2.2 Denso Corporation
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6.2.3 Mitsubishi Electric
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6.2.4 Aptiv PLC
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6.2.5 Nidec Corporation
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6.2.6 Stoneridge Inc.
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6.2.7 Continental AG
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6.2.8 BorgWarner Inc
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6.2.9 Johnson Electric Holdings Limited
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6.2.10 Hitachi Ltd
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Automotive Actuators Industry Segmentation
The Mexico 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 | |
| Others |
Mexico Automotive Actuators Market Research FAQs
What is the current Mexico Automotive Actuators Market size?
The Mexico Automotive Actuators Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)
Who are the key players in Mexico Automotive Actuators Market?
Robert Bosch GmbH , Denso Corporation , Mitsubishi Electric , Aptiv PLC and Nidec Corporation are the major companies operating in the Mexico Automotive Actuators Market.
What years does this Mexico Automotive Actuators Market cover?
The report covers the Mexico Automotive Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Automotive Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Automotive Actuators Industry Report
Statistics for the 2024 Mexico Automotive Actuators market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Automotive 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.
