Market Size of Europe Automotive Electric Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Automotive Electric Actuators Market Analysis
The Europe Automotive Electric Actuators Market is expected to register a CAGR of 5.3% during the forecast period, 2020-2025.
Currently, the market for automotive electric 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 electric 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, electric actuators are used in seats for adjusting lumbar support systems, seat positioning, angles. 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 Europe, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in the seat adjustment actuators segment.
Europe Automotive Electric Actuators Industry Segmentation
The Europe Automotive Electric 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, and application type. The market share of significant actuator companies and country level analysis will be provided in the report.
| Vehicle Type | |
| Passenger Car | |
| Commercial Vehicle |
| Application Type | |
| Throttle Actuator | |
| Seat Adjustment Actuator | |
| Brake Actuator | |
| Closure Actuator | |
| Other |
| Europe | |
| Germany | |
| United Kingdom | |
| France | |
| Rest of Europe |
Europe Automotive Electric Actuators Market Size Summary
The Europe Automotive Electric Actuators Market is experiencing growth driven by increasing automation and digitalization in vehicles. The demand for enhanced fuel efficiency and passenger comfort, particularly in passenger vehicles, is a significant factor propelling the market. Despite a slowdown in vehicle sales in 2019, original equipment manufacturers (OEMs) continue to focus on electric actuators to enhance safety and comfort features. These actuators are integral in various applications such as seat adjustments, which include lumbar support systems and seat positioning. The rising popularity of SUVs and premium vehicles in Europe further boosts the demand for seat adjustment actuators. The market has transitioned from basic mechanical applications to sophisticated automotive solutions, with electric actuators playing a crucial role in meeting stringent fuel efficiency regulations and reducing CO2 emissions.
The market is characterized by technological advancements and increasing consumer demand for fuel-efficient and advanced electric actuator products. This has prompted major manufacturers to invest in research and development to improve the effectiveness of actuators used in various vehicle components, including throttle, brake, and closure actuators. Electric actuators, known for their lower heat and noise emissions, compact design, and flexibility, are widely used in applications such as window lifts, power tailgate drives, and sunroof operations. The fragmented market features international and regional players like Robert Bosch GmbH, Continental, and Denso, who are engaging in partnerships and joint ventures to maintain a competitive edge. The introduction of customizable electric linear actuators by companies like Progressive Automations highlights the market's focus on versatile and tailored solutions to meet diverse consumer needs.
Europe Automotive Electric 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 Application Type
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2.2.1 Throttle Actuator
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2.2.2 Seat Adjustment Actuator
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2.2.3 Brake Actuator
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2.2.4 Closure Actuator
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2.2.5 Other
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2.3 Europe
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Rest of Europe
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Europe Automotive Electric Actuators Market Size FAQs
What is the current Europe Automotive Electric Actuators Market size?
The Europe Automotive Electric Actuators Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in Europe Automotive Electric Actuators Market?
Continental AG , Robert Bosch GmbH , Hella KGaA Hueck & Co. , Wabco Holdings Inc. and Sonceboz SA are the major companies operating in the Europe Automotive Electric Actuators Market.
