Rockville, Oct 5, 2018 (Issuewire.com) - The sector dealing with automotive actuators has been witnessing profitable opportunities across different geographical regions, all credited to the increasing vehicle parc at the global scale. The coming years are expected to deliver additional growth prospects which are carefully forecasted in a smart research report that has been published by Fact.MR. This study titled Automotive Actuator Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2027, includes a precise data collection which focuses on factors like trends, supply chain, investment feasibility and competitive landscape; including major manufacturers.
As per research findings, growing reliance on control systems on actuators is impacting the environment, which is powering their adoption. It should be known that diversity in the operations related to control systems permits actuators to spring their power from electric current, pneumatic force or hydraulic pressure. At present, control systems incorporated in several industrial operations are majorly dependent on the proficiency of the actuation technologies. Based on active statistics, the automotive actuators market is likely to record 6.8% CAGR over the forecast period (2018-2028). In addition, automotive actuators continue to observe increased traction from the air conditioning system application. On the other hand, innovations in HVAC system aimed at better efficiency would acquire impressive growth in few of the listed market regions.
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The research study starts with the global economic outlook and further discourse details associated with opportunity analysis, megatrends together with winning and losing components. Later, readers can learn about the global automotive actuators market size (US$ Mn & volume 000 units) and forecast, 2013-2027, which includes facts linked to Y-o-Y growth. This particular section of the report also comprises of crucial market factors like PESTL analysis, Porters Five Force analysis and forecast scenario (US$ Mn); each of which helps in decoding the actual scenario prevailing in the automotive actuators market.
Considering the regional expanse of the automotive actuators market, Asia-Pacific Excluding Japan (APEJ) is expected to emerge as the dominating market during the forecast period. It has been analyzed that, the APEJ region is likely to exceed US$ 7,300 million revenue by 2022-end. This growth forecast is framed by observing important drivers such as stringent regulations on emission and fuel consumption across the APEJ automobile industry which has pushed the demand for automotive actuators. Moreover, Japan is also planning to soon become a centre for automotive component manufacturing.
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This report study bifurcates the global market for automotive actuators on the basis of product type, vehicle type working type, sales channel and application. Each of these segments is examined on the basis of revenue & volume comparison, Y-o-Y growth comparison and market share comparison. According to researched facts, compact passenger cars are likely to be the largest users of automotive actuators. Compact passenger cars are estimated to witness strong growth during the forecast period, with a revenue share of more than US$ 1,300 million during the same period. In fact, mid-sized passenger cars are also likely to witness firm growth during the stated forecast period.
The final section of the report discusses the competitive scenario prevailing in the global automotive actuators market. Some of the prime companies mentioned in the report are BorgWarner Inc., Continental AG, Aptiv Plc, CTS Corporation, HELLA KGaA Hueck & Co, Denso Corporation etc. Each of these manufacturers is analyzed based on company overview, key financials, SWOT analysis, key developments and product overview.
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