Market Size of North America Automotive Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Automotive Actuators Market Analysis
The North America Automotive Actuators Market is expected to register a CAGR of 7.8% 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 North America, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in the seat adjustment actuators segment.
North America Automotive Actuators Industry Segmentation
The North America 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 and application. The market share of significant automotive actuator manufacturing companies across North America 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 |
| Geography | |||||
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North America Automotive Actuators Market Size Summary
The North America Automotive Actuators Market is experiencing significant growth, driven by the increasing automation and digitalization in vehicles. The demand for enhanced fuel efficiency and passenger comfort, particularly in passenger vehicles, is propelling the market forward. Despite a slowdown in vehicle sales in 2019, original equipment manufacturers (OEMs) have focused on developing electric actuators to improve safety and comfort features. These actuators are integral to various vehicle functions, such as seat adjustments, and are gaining traction due to the rising sales of SUVs and premium vehicles in North America. Technological advancements in the automotive sector are continuously shaping the actuators market, presenting both challenges and opportunities for innovation in components like throttle, brake, and closure actuators.
The market is characterized by a shift from mechanical to energy-efficient electronic systems, with electric actuators becoming increasingly prevalent due to their benefits such as reduced heat and noise emissions, and flexible installation options. The United States is poised for substantial growth in this sector, driven by the demand for luxury vehicles and the need for compliance with fuel efficiency regulations. The market is fragmented, with key players like Robert Bosch GmbH, Nidec Corporation, and Denso Corporation leading the charge. These companies are engaging in strategic partnerships and product innovations to maintain a competitive edge. The introduction of advanced products, such as mini electric actuators and digital linear actuators, is expected to further drive market expansion, as they find applications in advanced driver assistance and automotive sensor systems.
North America Automotive 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 Actuators Type
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2.2.1 Electrical actuators
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2.2.2 Hydraulic actuators
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2.2.3 Pneumatic actuators
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2.3 Application Type
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2.3.1 Throttle Actuator
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2.3.2 Seat Adjustment Actuator
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2.3.3 Brake Actuator
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2.3.4 Closure Actuator
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2.3.5 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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North America Automotive Actuators Market Size FAQs
What is the current North America Automotive Actuators Market size?
The North America Automotive Actuators Market is projected to register a CAGR of 6.90% during the forecast period (2024-2029)
Who are the key players in North America Automotive Actuators Market?
Robert Bosch GmbH, Denso Corporation, Mitsubishi Electric, Aptiv PLC and Nidec Corporation are the major companies operating in the North America Automotive Actuators Market.
