China Automotive Actuators Market Size (2024 - 2029)

China Automotive Actuators Market Analysis

The China automotive actuators market was valued at USD 7.45 billion in the current year and is projected to grow to USD 9.22 billion in the next five years, registering a CAGR of 5.62% during the forecast period.

• The COVID-19 pandemic had an unprecedented and staggering impact on the automotive actuators market. These products witnessed a lower-than-anticipated demand throughout 2020 due to the shutdown of manufacturing facilities and disruptions in the supply chain. Additionally, the fluctuating raw material prices further aggravated the challenges faced by the market.
• However, the automotive industry recovered from the losses in the year 2021 and 2022 and paved the way to introduce quality products to cater to the rising demand from consumers across the country. The automotive industry witnessed significant growth in terms of production in 2022, which increased the demand for actuators across the country.
• Over the medium term, rising vehicle electrification in the vehicle is likely to increase demand for automotive actuators. Growing demand for fuel efficiency and comfort, especially in passenger vehicles, is driving the growth of the automotive actuators market during the forecast period.
• The rise in the sale of passenger cars across the country is likely to witness major growth in the market. In 2022, around 26.86 million units of vehicles were sold in the country. Growing demand for safety features in the vehicle is likely to increase the demand for actuators during the forecast period. The increasing demand for fuel-efficient vehicles, along with the rising demand for advanced actuator products, among buyers, is compelling the major manufacturers to invest in R&D activities.
• The market is witnessing a significant increase in the integration of modern safety and comfort features in vehicles, including advanced driver assistance systems (ADAS) and vehicle infotainment. This growth is driven by the increased production of automobiles with integrated ADAS features, which cater to the rising demand for passenger comfort and safety. Furthermore, government legislation mandating safety measures further fuels the market demand for these advanced features.

China Automotive Actuators Industry Segmentation

An actuator is a machine component responsible for moving and controlling a mechanism or system; for example, by opening or closing a valve. Automotive actuators find their applications in vehicles for performing functions such as throttling, braking, operating the headlight, heating, ventilation, and air conditioning (HVAC), electronic clutch actuation, closures, and others, which have been considered in the scope of the market.

China's automotive actuators market is segmented into actuator type, application type, and vehicle type. Based on the actuator type, the market is segmented into hydraulic actuators, electric actuators, and pneumatic actuators. Based on the application type, the market is segmented into throttle actuators, seat adjustment actuators, brake actuators, closure actuators, and other application types. Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles.

For each segment, the market sizing and forecast have been done based on the value (USD).