Product Code: ETC4574845 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automotive actuators market import shipment demonstrated a robust growth trend from 2020 to 2024, with a notable CAGR of 23.3%. The market showed accelerated momentum between 2023 and 2024, with a growth rate of 31.1%, indicating a significant expansion in demand during that period.
The India automotive actuators market has witnessed substantial growth as vehicle technology advances. Actuators are essential components in various automotive systems, including engine management, HVAC, and powertrain control. The demand for actuators is driven by the increasing adoption of advanced technologies such as electric and hybrid powertrains, driver assistance systems, and smart automotive features. As consumers seek enhanced comfort, performance, and fuel efficiency, actuators are integral to achieving these objectives. The market is poised for further growth as automotive manufacturers continue to innovate and incorporate more sophisticated actuators into their vehicles.
The India automotive actuators market is witnessing substantial growth, primarily propelled by the technological advancements and innovations in the automotive industry. Actuators are critical components in modern vehicles, serving various functions such as engine control, HVAC system operation, and powertrain management. The increasing demand for fuel-efficient vehicles and reduced emissions has led to the development of advanced engine management systems, which, in turn, drives the demand for sophisticated actuators. Furthermore, the ongoing shift towards electric vehicles requires innovative actuators for precise control of electric motors and power distribution. The development of advanced driver-assistance systems (ADAS) and autonomous vehicles also relies on actuators for functions like adaptive cruise control and steering control. As these technologies gain prominence, the demand for actuators continues to grow. In the aftermarket, vehicle owners are increasingly seeking actuators to upgrade older vehicles with modern features, contributing to market expansion.
The India automotive actuators market faces challenges related to the integration of advanced technologies and the rising demand for electric and autonomous vehicles. Ensuring compatibility and durability in the ever-evolving automotive landscape is a constant challenge, alongside the need for cost-effective solutions to remain competitive.
The COVID-19 pandemic had mixed effects on the automotive actuators market in India. Initially, the market experienced a significant downturn as vehicle production slowed down, and sales were hampered. The temporary halt in manufacturing facilities and supply chain disruptions affected the availability of actuators. However, as the automotive sector gradually adapted to new safety and efficiency standards, the demand for advanced actuators, especially those used in electric vehicles and automation systems, increased. The market began to recover, focusing on innovative and technologically advanced solutions.
The automotive actuators market in India is dominated by Bosch, Delphi Technologies, and Mahindra Electric. These companies produce a wide range of actuators used in vehicles to control various functions, including engine management and HVAC systems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Actuators Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Actuators Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Actuators Market - Industry Life Cycle |
3.4 India Automotive Actuators Market - Porter's Five Forces |
3.5 India Automotive Actuators Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Automotive Actuators Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 India Automotive Actuators Market Revenues & Volume Share, By On-Highway Vehicle, 2021 & 2031F |
3.8 India Automotive Actuators Market Revenues & Volume Share, By Motion, 2021 & 2031F |
3.9 India Automotive Actuators Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Automotive Actuators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for vehicle electrification and automation |
4.2.2 Government initiatives to promote electric vehicles in India |
4.2.3 Technological advancements in automotive actuators |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing advanced actuator systems |
4.3.2 Concerns regarding reliability and durability of electric actuators |
4.3.3 Lack of standardized regulations for automotive actuators in India |
5 India Automotive Actuators Market Trends |
6 India Automotive Actuators Market, By Types |
6.1 India Automotive Actuators Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Actuators Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Automotive Actuators Market Revenues & Volume, By Brake Actuator, 2021-2031F |
6.1.4 India Automotive Actuators Market Revenues & Volume, By Cooling Valve Actuator, 2021-2031F |
6.1.5 India Automotive Actuators Market Revenues & Volume, By EGR Actuator, 2021-2031F |
6.1.6 India Automotive Actuators Market Revenues & Volume, By Grille Shutter Actuator, 2021-2031F |
6.1.7 India Automotive Actuators Market Revenues & Volume, By Headlamp Actuator, 2021-2031F |
6.1.8 India Automotive Actuators Market Revenues & Volume, By Hood Lift Actuator, 2021-2031F |
6.1.9 India Automotive Actuators Market Revenues & Volume, By Piezoelectric Actuator, 2021-2031F |
6.1.10 India Automotive Actuators Market Revenues & Volume, By Piezoelectric Actuator, 2021-2031F |
6.2 India Automotive Actuators Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Actuators Market Revenues & Volume, By On-Highway, 2021-2031F |
6.2.3 India Automotive Actuators Market Revenues & Volume, By Off-Highway, 2021-2031F |
6.3 India Automotive Actuators Market, By On-Highway Vehicle |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Actuators Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.3.3 India Automotive Actuators Market Revenues & Volume, By Light Commercial Vehicle, 2021-2031F |
6.3.4 India Automotive Actuators Market Revenues & Volume, By Heavy Commercial Vehicle, 2021-2031F |
6.4 India Automotive Actuators Market, By Motion |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Actuators Market Revenues & Volume, By Linear, 2021-2031F |
6.4.3 India Automotive Actuators Market Revenues & Volume, By Rotatory, 2021-2031F |
6.5 India Automotive Actuators Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 India Automotive Actuators Market Revenues & Volume, By Engine, 2021-2031F |
6.5.3 India Automotive Actuators Market Revenues & Volume, By Body & Exterior, 2021-2031F |
6.5.4 India Automotive Actuators Market Revenues & Volume, By Interior, 2021-2031F |
7 India Automotive Actuators Market Import-Export Trade Statistics |
7.1 India Automotive Actuators Market Export to Major Countries |
7.2 India Automotive Actuators Market Imports from Major Countries |
8 India Automotive Actuators Market Key Performance Indicators |
8.1 Average lifespan of automotive actuators |
8.2 Adoption rate of electric vehicles in India |
8.3 Rate of technological innovation in automotive actuators |
8.4 Energy efficiency of actuators in vehicles |
8.5 Overall vehicle performance and safety improvements due to actuator technology |
9 India Automotive Actuators Market - Opportunity Assessment |
9.1 India Automotive Actuators Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Automotive Actuators Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 India Automotive Actuators Market Opportunity Assessment, By On-Highway Vehicle, 2021 & 2031F |
9.4 India Automotive Actuators Market Opportunity Assessment, By Motion, 2021 & 2031F |
9.5 India Automotive Actuators Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Automotive Actuators Market - Competitive Landscape |
10.1 India Automotive Actuators Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Actuators Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |