DALLAS, April 6, 2015 /PRNewswire/ --
The report "Automotive Actuators Market by Product Type (Throttle, Power Seat, EGR, Brake, VGT, Wastegate, Grille Shutter, Intake Flap, Electrical Exhaust/Sound Flap & Thermo Module/Thermal Actuators) by Vehicle Type, by Geography - Forecast & Analysis to 2020" published by MarketsandMarkets, The global Automotive Actuators Market size, in terms of value, is projected to grow $13.1 Billion by 2020 at a CAGR of 10.4% from 2015 to 2020.
Browse 82 market data Tables and 45 Figures spread through 250 Pages and in-depth TOC on Automotive Actuators Market
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Asia-Pacific: An opportunity-laden market that is growing at a noteworthy rate
The Asia-Pacific region comprises countries such as China, India, and Japan. The region is dominated by developing countries such as India and China, where the automotive industry is growing at a rapid rate. The rising demand for fuel-efficient vehicles and the increasing production volume of passenger cars is driving the Automotive Actuators Market in the region. The Asia-Pacific automotive actuators market is projected to grow at a CAGR of 10.4% from 2015 to 2020.
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Europe: Eastern Europe is a market with significant potential
Europe is a major hub for several OEMs that are known for delivering high-performance vehicles. However, Eastern Europe still lags behind western European countries such as the U.K., Germany, France, and Italy, in terms of technology. This provides OEMs with an opportunity to expand their footprint in Eastern Europe to cater to the demand for automotive actuators in the region. The European Automotive Actuators Market is projected to grow at a CAGR of 10.0% from 2015 to 2020.
North America: Mexico and Canada are emerging as potential automotive hubs
The North American region comprises developed countries such as the U.S. and Canada. The North American Automotive Actuators Market is dominated by the U.S., which is known to be an automotive hub for renowned OEMs. The growing trend of engine downsizing and stringent emission norms are driving the Automotive Actuators Market in the North American region. Furthermore, several OEMs plan to set up vehicle production plants in Mexico and Canada, which in turn would drive the demand for automotive actuators. The North American automotive actuators market is projected to grow at a CAGR of 11.2% from 2015 to 2020.
The report covers the global Automotive Actuators Market in terms of volume (thousands) and value ($million) across the regions of Asia-Pacific, Europe, North America, and Rest of the World (RoW). It explains the qualitative and quantitative aspects of automotive actuators. The report briefly explains the Automotive Actuators Market on the basis of region, application, and vehicle type from 2015 to 2020.
The report also provides an overview of technical as well as other important aspects of the Automotive Actuators Market. It includes a value chain analysis, Porter's five forces analysis, PEST analysis, and competitive landscape. In addition to this, 10 key players in the automotive actuators industry have been profiled.
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