The automotive solenoid market size has the potential to grow by 557.46 million units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (engine and control systems, chassis, safety, and security systems, HVAC, body controls, and interiors, and fuel emission control systems) and geography (APAC, North America, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BorgWarner Inc., Delphi Technologies Plc, Emerson Electric Co., General Motors Co., Hitachi Ltd., Johnson Electric Holdings Ltd., Littelfuse Inc., Nidec Corp., Robert Bosch GmbH, and Texas Instruments Inc.
Market Overview
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Market Competitive Analysis
The market is fragmented. BorgWarner Inc., Delphi Technologies Plc, Emerson Electric Co., General Motors Co., Hitachi Ltd., Johnson Electric Holdings Ltd., Littelfuse Inc., Nidec Corp., Robert Bosch GmbH, and Texas Instruments Inc. are some of the major market participants. Factors such as the protection and safety of automotive solenoid valves will offer immense growth opportunities. However, improper functioning of solenoid valves may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this automotive solenoid market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive solenoid market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- BorgWarner Inc.
- Delphi Technologies Plc
- Emerson Electric Co.
- General Motors Co.
- Hitachi Ltd.
- Johnson Electric Holdings Ltd.
- Littelfuse Inc.
- Nidec Corp.
- Robert Bosch GmbH
- Texas Instruments Inc.
Automotive Solenoid Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The increasing electrification in vehicles will significantly influence the automotive solenoid market's growth in this region.
70% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive solenoid in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the automotive solenoid market size.
Automotive Solenoid Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive automotive solenoid market growth during the next five years
- Precise estimation of the automotive solenoid market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive solenoid industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive solenoid market vendors
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