Market Size of Canada Automotive Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Automotive Actuators Market Analysis
The Canada Automotive Actuators Market is expected to register a CAGR of 7.9% during the forecast period, 2020-2025.
Currently, the market for automotive actuators is primarily driven by rising automation and digitalization. Increased demand for fuel efficiency and growing demand for comfort, especially in passenger vehicles, is driving the growth of the automotive actuators market.
Although, in 2019, the growth of passenger and commercial vehicle sales has reduced. But OEM are still making electric actuators as one of the main areas of focus to improve passenger's safety and comfort. As a part of that effort, electric actuators have also gained significant attention in recent years.
For instance, actuators are used in seats for adjusting lumbar support systems, seat positioning, angles, and for seat track actuators. Several automotive seat adjustment actuators are available in the market, such as geared motors for recliner adjustment, double output shaft for track drives, and linear actuators for height and tilt adjustments. Also, in Canada, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in the seat adjustment actuators segment.
Canada Automotive Actuators Industry Segmentation
The Canada Automotive Actuators Market report covers the current and upcoming trends with recent technological development. The report will provide a detailed analysis of various areas of the market by vehicle, product and drive type. The market share of significant actuator companies and country level analysis will be provided in the report.
| Vehicle Type | |
| Passenger Car | |
| Commercial Vehicle |
| Actuators Type | |
| Electrical actuators | |
| Hydraulic actuators | |
| Pneumatic actuators |
| Application Type | |
| Throttle Actuator | |
| Seat Adjustment Actuator | |
| Brake Actuator | |
| Closure Actuator | |
| Other |
Canada Automotive Actuators Market Size Summary
The Canada Automotive Actuators Market is experiencing significant growth, driven by the increasing automation and digitalization in vehicles. The demand for enhanced fuel efficiency and passenger comfort, particularly in passenger vehicles, is a key factor propelling the market forward. Despite a slowdown in vehicle sales in 2019, original equipment manufacturers (OEMs) have continued to focus on electric actuators to enhance safety and comfort features. These actuators are integral to various applications, such as seat adjustments, which include lumbar support systems and seat positioning. The rising popularity of SUVs and premium vehicles in Canada has further boosted the demand for seat adjustment actuators. The market has transitioned from basic mechanical applications to advanced automotive solutions, with a strong emphasis on meeting stringent fuel efficiency regulations and reducing CO2 emissions through improved engine management.
The market is characterized by technological advancements and increasing consumer demand for fuel-efficient and comfort-enhancing vehicles. This has prompted major manufacturers to invest in research and development to innovate advanced actuator products. The sales growth of luxury cars in Canada positively impacts the automotive actuators market, as these vehicles often feature more sophisticated actuator systems. Electric actuators, known for their lower heat and noise emissions, compact design, and flexibility, are becoming increasingly prevalent in newer vehicles. They are widely used in applications such as window lifts, power tailgate drives, and sunroof operations. The market is fragmented, with international and regional players like Robert Bosch GmbH, Continental, and Denso leading the competition. To maintain a competitive edge, these companies are engaging in joint ventures and partnerships to introduce new products, such as the electric linear actuators offered by Progressive Automations, which provide customizable features for diverse applications.
Canada Automotive Actuators Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Car
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2.1.2 Commercial Vehicle
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2.2 Actuators Type
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2.2.1 Electrical actuators
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2.2.2 Hydraulic actuators
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2.2.3 Pneumatic actuators
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2.3 Application Type
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2.3.1 Throttle Actuator
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2.3.2 Seat Adjustment Actuator
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2.3.3 Brake Actuator
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2.3.4 Closure Actuator
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2.3.5 Other
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Canada Automotive Actuators Market Size FAQs
What is the current Canada Automotive Actuators Market size?
The Canada Automotive Actuators Market is projected to register a CAGR of 7.90% during the forecast period (2024-2029)
Who are the key players in Canada Automotive Actuators Market?
Robert Bosch GmbH , Denso Corporation , Mitsubishi Electric , Aptiv PLC and Nidec Corporation are the major companies operating in the Canada Automotive Actuators Market.
