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

The Asia-Pacific Automotive Actuators Market Report is segmented By Actuator Type (Hydraulic Actuator, Electric Actuator, and Pneumatic Actuator), By Application Type (Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closure Actuator (Window, Door, and Sunroof), and Other Application Types), Vehicle Type (Passenger Car and Commercial Vehicle) and Country.

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APAC Automotive Actuators Market Size

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Asia Pacific Automotive Actuators Market_Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.80 %
Market Concentration Low

Major Players

Asia Pacific Automotive Actuators Market

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia Pacific Automotive Actuators Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

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Automotive Services

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Automotive Equipment

APAC Automotive Actuators Market Analysis

The Asia Pacific Automotive Actuators Market is expected to register a CAGR of 8.8% 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 Asia Pacific Automotive Electric Actuators market.
  • Nowadays, passenger cars are equipped with motors with various applications such as seat adjustment, Throttle, brakes, headlight positioning, and HVAC systems. Engine actuator maximizes 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 continue to 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. Electric vehicles in the region have gone up, which will have a positive impact on the Automotive Electric Actuators Market.

APAC Automotive Actuators Market Trends

This section covers the major market trends shaping the APAC Automotive Actuators Market according to our research experts:

Seat Adjustment to Witness Faster Growth

Passenger and commercial vehicles' sales continue to grow, and the OEMs have made interiors one of the main areas of focus to improve passengers' safety and comfort. As a part of that effort, actuators have garnered significant attention, to make seats more comfortable and smarter.

Actuators are used in seats, for adjusting lumbar support systems, seat positioning, angles, and for seat track actuators. Several types of automotive seat adjustment actuators are available in the market. These include geared motors for recliner adjustment, double output shaft for track drives, and linear actuators for height and tilt adjustments.

Also, there is a rise in the sales of SUVs and premium vehicles globally; the seat adjustment actuator segment of the market is expected to expand further. The OEMs have been deploying electronic systems to control almost every part of an automobile, to enhance the experience of passengers.

Nowadays, electric actuators offer noise emission, compact and lightweight design, and flexible installation options. As a result, electric actuators have replaced pneumatic and hydraulic actuators due to lesser comfort factors. Electric actuators are widely used in seat adjustment, offering precise actuation compared to hydraulic and pneumatic actuators.

Asia Pacific Automotive Actuators Market_Key Market Trend1

China Dominates the Market

China dominates the Asia Pacific automotive actuator market with the largest revenue share during the forecast period, largely due to its growing population increasing annual sales of automobiles. The use of automotive actuators has improved the availability of affordable, small-sized cars, which provide reduced fuel consumption and increased vehicle mileage. China has also proven as the leading automotive components producer in large volumes at a lower cost, which provides it a competitive edge over other countries. The country has increased its market share significantly since the early 2000s and held the highest market share of more than 50% in APAC's automotive actuators in 2014.

Demand for passenger cars and LCVs in China is expected to grow during the forecast period, leading to high demand for automotive actuators in China. The country is home to more than 500 automotive actuator manufacturers, with a massive presence of regional players. The increased penetration of passenger vehicles over the last three years in the region has driven the growth of the automotive aftermarket. It has helped significantly in the growth of the Asia-Pacific automotive actuator market.

The overall market for actuators in China is witnessing a high industrial growth rate, primarily due to an ever-increasing demand for heat exchangers because of their diverse applications. The need for automotive actuators depends on several factors, such as the production and demand for automobiles and the number of vehicles on the road. In the emerging and developing nations such as China, the need for the automotive actuator is driven by the production of new cars.

Asia Pacific Automotive Actuators Market_Key Market Trend2

APAC Automotive Actuators Industry Overview

The Asia Pacific Automotive Actuators Market is fragmented with various startups and regional players such as Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric, and Mitsubishi Electric Corporation. 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.

APAC Automotive Actuators Market Leaders

  1. Robert Bosch GmbH

  2. Nidec Corporation

  3. Johnson Electric

  4. Mitsubishi Electric

  5. Denso Corp

*Disclaimer: Major Players sorted in no particular order

Asia Pacific Automotive Actuator Market_Market Concentration.png
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APAC Automotive Actuators Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Actuator Type

      1. 5.1.1 Hydraulic

      2. 5.1.2 Electric

      3. 5.1.3 Pneumatic

    2. 5.2 Application Type

      1. 5.2.1 Throttle

      2. 5.2.2 Seat Adjustment

      3. 5.2.3 Brake

      4. 5.2.4 Closure

      5. 5.2.5 Others

    3. 5.3 Vehicle Type

      1. 5.3.1 Passenger Cars

      2. 5.3.2 Commercial vehicles

  6. 6. Geography

    1. 6.1 Asia-Pacific

      1. 6.1.1 China

      2. 6.1.2 India

      3. 6.1.3 Japan

      4. 6.1.4 South Korea

      5. 6.1.5 Rest of Asia-Pacific

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Vendor Market Share

    2. 7.2 Company Profiles

      1. 7.2.1 Robert Bosch Gmbh

      2. 7.2.2 Nidec Corporation

      3. 7.2.3 Johnson Electric

      4. 7.2.4 Mitsubishi Electric

      5. 7.2.5 Denso Corp

      6. 7.2.6 Hella KGaA Hueck & Co

      7. 7.2.7 Hitachi Ltd

      8. 7.2.8 Magneti Marelli

      9. 7.2.9 Far Hydraulics

      10. 7.2.10 CTS Corporation

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Automotive Actuators Industry Segmentation

The Asia Pacific 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 actuator, vehicle, and application type. The market share of significant automotive actuator manufacturing companies across Asia Pacific will be provided in the report.

Actuator Type
Hydraulic
Electric
Pneumatic
Application Type
Throttle
Seat Adjustment
Brake
Closure
Others
Vehicle Type
Passenger Cars
Commercial vehicles
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APAC Automotive Actuators Market Research FAQs

The Asia Pacific Automotive Actuators Market is projected to register a CAGR of 8.80% during the forecast period (2024-2029)

Robert Bosch GmbH, Nidec Corporation, Johnson Electric, Mitsubishi Electric and Denso Corp are the major companies operating in the Asia Pacific Automotive Actuators Market.

The report covers the Asia Pacific Automotive Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Automotive Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

APAC Automotive Actuators Industry Report

Statistics for the 2024 APAC Automotive Actuators market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. APAC Automotive Actuators analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

APAC Automotive Actuators Market Report Snapshots

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