Market Size of Europe Automotive Pneumatic Actuators Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Automotive Pneumatic Actuators Market Analysis
European Automotive Pneumatic Actuator Market is anticipated a register a CAGR of over 4% during the forecast period (2020 - 2025).
- The growth of fuel-efficient vehicles and the inclusion of advanced driver assistance systems (ADAS), majorly braking and throttle systems (like adaptive cruise control (ACC) and autonomous emergency braking features), in new vehicles and existing vehicles, are the major driving factors for the automotive actuator market.
- Owing to the rising penetration and replacement rate of the pneumatic actuator with pure electric and electro-pneumatic actuators, the market studied is expected to grow at a slow rate, especially for the passenger car segment.
- However, demand for the automotive pneumatic actuator in the commercial vehicle segment is expected to grow due to an increase in production and sales of trucks and semi-trailers globally.
- The use of fuel injection actuators and throttle actuators in diesel engine vehicles help comply with the Euro VI standard. The market for actuators for fuel injection that are directly related to diesel engines is expected to grow with the development of advanced diesel engines.
Europe Automotive Pneumatic Actuators Industry Segmentation
The European Automotive Pneumatic Actuator Market report contains the latest trends and technological developments in the market and demand by Application Type and By Vehicle Type.
Application Type | |
Throttle Actuators | |
Fuel Injection Actuators | |
Brake Actuators | |
Others |
Vehicle Type | |
Passenger Cars | |
Commercial Vehicle |
By Country | |
Germany | |
France | |
Italy | |
Others |
Europe Automotive Pneumatic Actuators Market Size Summary
The European automotive pneumatic actuators market is experiencing a moderate growth trajectory, driven primarily by the increasing adoption of fuel-efficient vehicles and the integration of advanced driver assistance systems (ADAS) in both new and existing vehicles. These systems, which include features like adaptive cruise control and autonomous emergency braking, are pivotal in propelling the demand for automotive actuators. However, the market is witnessing a gradual shift as pneumatic actuators are being replaced by pure electric and electro-pneumatic alternatives, particularly in the passenger car segment. In contrast, the commercial vehicle segment is expected to see a rise in demand due to the growing production and sales of trucks and semi-trailers. The need for compliance with Euro VI standards is also boosting the market for fuel injection and throttle actuators in diesel engine vehicles, which are becoming increasingly sophisticated with advanced diesel engine developments.
Germany leads the European market, with significant contributions from France and Italy, driven by the rising demand for commercial vehicles and the compliance of diesel vehicles with emission standards. The market is characterized by a diverse range of actuator applications, including wiper motors, power window motors, and brake actuators, among others. Despite the fragmentation of the market, key players such as Bosch Rexroth AG, Nidec Corporation, and Denso Corporation are actively investing in research and development to meet the growing demand for advanced actuator products. The stringent emission regulations and the shift towards electric vehicles are influencing the market dynamics, potentially reducing the demand for actuators in fuel-powered vehicles.
Europe Automotive Pneumatic 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 Application Type
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2.1.1 Throttle Actuators
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2.1.2 Fuel Injection Actuators
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2.1.3 Brake Actuators
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2.1.4 Others
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2.2 Vehicle Type
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2.2.1 Passenger Cars
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2.2.2 Commercial Vehicle
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2.3 By Country
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2.3.1 Germany
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2.3.2 France
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2.3.3 Italy
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2.3.4 Others
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Europe Automotive Pneumatic Actuators Market Size FAQs
What is the current Europe Automotive Pneumatic Actuators Market size?
The Europe Automotive Pneumatic Actuators Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Europe Automotive Pneumatic Actuators Market?
Bosh Rexroth AG, Nidec Corporation, Denso Corporation , SMC Corporation Of America and Emerson Electric Co are the major companies operating in the Europe Automotive Pneumatic Actuators Market.