Automotive Actuators Market
Automotive Actuators Market Size And Forecast
According to Verified Market Research, Global Automotive Actuators Market was valued at USD 21.5 Billion in 2018 and is projected to reach USD 36.8 Billion by 2026, growing at a CAGR of 6.91% from 2019 to 2026.
Global Automotive Actuators Market Outlook
The recent technological advancement in the automotive industry such as the advanced driver assistance system among others is a major factor that is likely to boost the demand. The growing demand for fuel-efficient vehicles in emerging economies and various benefits of actuators such as compact and lightweight design and comfort features is anticipated to fuel the growth of the market over the forecast period. However, the high manufacturing cost of the efficient actuator is a major factor that may affect the growth of the market. Moreover, the integration of various components of automotive with electrically assisted features by manufacturers is an opportunity for the market to grow.
Global Automotive Actuators Market Competitive Landscape
The Global Automotive Actuators Market study report will provide a valuable insight with an emphasis on global market including some of the major players such Continental AG, Robert Bosch GmbH, Denso Corporation, HELLA GmbH & Co. KGaA, Johnson Electric, Mitsubishi Electric Corporation, Nidec Motors & Actuators, Borgwarner Inc., Hitachi Automotive Systems, LTD., and Stoneridge Inc.
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