Global Automotive Engine Actuators Market 2017-2021

Overview of the global automotive engine actuators market

Technavio’s market research report predicts that the global automotive engine actuators market will grow at a CAGR of nearly 8% during the forecast period. The increasing adoption of variable valve timing (VVT) system due to advantages like fuel economy is one of the primary drivers for market growth. VVT systems improve the fuel economy of vehicles and is one of the cost-effective ways of enhancing the fuel economy for the manufacturers. The VVT systems have increasingly gained popularity and manufacturers are focusing on equipping their vehicles with VVT systems. Additionally, the introduction of stringent norms related to fuel economy will act as another major driver for adoption of VVT systems.

One of the latest trends that will gain traction in the global automotive engine actuators market is the installation of dual VVTs in compact size passenger car engines. To improve the fuel efficiency and engine power output of the compact size cars, the manufacturers are focusing on equipping them with dual VVT systems. With the shifting fuel prices compeling customers to choose fuel-efficient cars, OEMs are increasingly focusing on downsizing engines to lower the overall curb weight and boost mileage figures. Since dual VVT systems offer a lightweight and cost-effective solution for improving the fuel efficiency and regulate the emissions, this demand from customers for fuel efficient vehicles will consequently drive the growth of the market in the next few years.

Competitive analysis and key vendors

The global automotive engine actuators market consists of few well-established vendors. The key vendors in the market are focusing on enhancing their customer base and increasing their investments in R&D. The improvements in technology and government regulations will intensify the level of competition in the already competitive market. Most of the advancements in the market are due to the rise in sales of mid and full-size passenger cars and the manufacturers are gradually equipping compact cars with VVT systems and cruise control to increase their output and fuel efficiency.

Key vendors in the market are:

• Delphi
• DENSO
• Aisin Group

Other prominent vendors include Eaton, Hitachi Automotive Systems, HUSCO International, Metaldyne, and Perodua.

Segmentation by product type and analysis of the automotive engine actuators market

• VVT system
• Electronic throttle system

During 2016, the VVT system dominated the product type segment of the automotive engine actuators market and is expected to continue its dominance over the next four years. The varying environment of vehicular emissions and the increased awareness among the consumers for fuel-efficient vehicles, will drive the growth of this market segment. Moreover, the rise in number of stringent regulations towards vehicular emissions that will propel the adoption of the VVT systems in passenger cars will also augment the segment’s growth in this market. 

Geographical segmentation and analysis of the automotive engine actuators market

• Americas
• APAC
• Europe

In terms of geography, APAC led the global automotive engine actuators market during 2016 and is foreseen to continue the domination during the forecast period. Factors such as the rise in sales of passenger cars, the increasing focus on enhancing the fuel economy, and the rise in government regulations to lower the carbon emissions, will drive the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive engine actuators market?
• What are the key market trends impacting the growth of the global automotive engine actuators market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive engine actuators market?
• What are the market opportunities and threats faced by the vendors in the global automotive engine actuators market?
• Trending factors influencing the market shares of the Americas, APAC, and Europe.
• What are the key outcomes of the five forces analysis of the global automotive engine actuators market?

Technavio also offers customization on reports based on specific client requirement.

With the increase in the average income of people, there has been an increase in the demand for automobiles globally, especially in the developing economies. With increased awareness among customers on the reduction of greenhouse gas emissions and the need for fuel efficiency, automotive OEMs and suppliers are constantly focusing on innovating their offerings that will help enhance their customer base. Aimed at helping clients in the automotive industry gain a competitive edge over the other players in the market space, the market research firm Technavio provides a collection of industry research reports covering various segments including wheels and tires, accessories, components, and services. With an extensive analysis on the current market scenario, Technavio’s market research experts forecast and provide detailed information on the factors that will drive and challenge the growth of the vendors in the industry and also provide information on all the vendors and their market dominance across different geographical regions.

To forecast the growth prospects of the industry, industry research experts at Technavio follow a mix proven research techniques and consider various factors such as technological advancements and the demand for different products and services from various end-user segments. To help clients deduce new growth strategies, our upcoming industry research report on automotive engine actuators for the forecast period of 2017 to 2021 also offers actionable insights devised from the data collected from reliable sources such as industry experts, journals and periodicals, government bodies, and strategic decision makers.

This upcoming report on automotive engine actuators also considers the growth of the similar markets such as pneumatic actuators and hydraulic actuators that are expected to grow at a CAGR of more than 3% during the period of 2016 to 2020. According to our industry research experts, the increasing focus of automotive manufacturers towards increasing the usage of electronics in their products to optimize vehicle performance will be a major factor that will drive the growth of the market in the next few years. Based on the specification of its clients, Technavio also provides personalized reports that will help regional vendors improve their positions in the market space that is dominated by well-established international vendors.

The upcoming industry research report for automotive engine actuators provides information on the factors that will influence and challenge the growth of vendors in the automotive industry and also presents insights into the changing competitive landscape, which, in turn, will enable clients to get a realistic picture of the growth prospects of the automotive electronics segment.