South Korea Automotive Pneumatic Actuators Market Size (2024 - 2029)

The South Korea automotive pneumatic actuators market is projected to experience growth, driven by the increasing adoption of fuel-efficient vehicles and advanced driver assistance systems in both new and existing vehicles. Despite a slower growth rate in the passenger car segment due to the rising replacement of pneumatic actuators with electric and electro-pneumatic alternatives, the commercial vehicle segment is expected to see increased demand. This is attributed to the global rise in production and sales of trucks and semi-trailers. Additionally, the market for actuators related to diesel engines is anticipated to expand as they play a crucial role in meeting Euro VI standards.

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Market Size of South Korea Automotive Pneumatic Actuators Industry

South Korea Automotive Pneumatic Actuators Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %
Market Concentration Medium

Major Players

South Korea Automotive Pneumatic Actuators Market Major Players

*Disclaimer: Major Players sorted in no particular order

South Korea Automotive Pneumatic Actuators Market Analysis

The South Korea Automotive Pneumatic Actuator Market is anticipated a register a CAGR of over 4% during the forecast period (2020 - 2025).

  • The growth of fuel-efficient vehicles and the inclusion of advanced driver assistance systems (ADAS), majorly braking and throttle systems (like adaptive cruise control (ACC) and autonomous emergency braking features), in new vehicles and existing vehicles, are the major driving factors for the automotive actuator market.
  • Owing to the rising penetration and replacement rate of the pneumatic actuator with pure electric and electro-pneumatic actuators, the market studied is expected to grow at a slow rate, especially for the passenger car segment.
  • However, demand for the automotive pneumatic actuator in the commercial vehicle segment is expected to grow due to an increase in production and sales of trucks and semi-trailers globally.
  • The use of fuel injection actuators and throttle actuators in diesel engine vehicles help comply with the Euro VI standard. The market for actuators for fuel injection that are directly related to diesel engines is expected to grow with the development of advanced diesel engines.

South Korea Automotive Pneumatic Actuators Industry Segmentation

South Korea Automotive Pneumatic Actuator Market report contains the latest trends and technological developments in the market and demand by Application Type and By Vehicle Type.

Application Type
Throttle Actuators
Fuel Injection Actuators
Brake Actuators
Others
Vehicle Type
Passenger Cars
Commercial Vehicle
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South Korea Automotive Pneumatic Actuators Market Size Summary

The South Korea automotive pneumatic actuators market is experiencing growth driven by the increasing adoption of fuel-efficient vehicles and advanced driver assistance systems (ADAS), particularly in braking and throttle applications. Despite a gradual shift towards electric and electro-pneumatic actuators, the market is expected to see steady demand, especially in the commercial vehicle segment, due to rising production and sales of trucks and semi-trailers. The integration of fuel injection and throttle actuators in diesel engines is also contributing to market expansion, as these systems help meet stringent Euro VI emissions standards. The use of sophisticated fuel management systems in conventional diesel engines enhances efficiency and reduces carbon emissions, further supporting market growth.

In South Korea, the automotive pneumatic actuator market is characterized by a diverse range of applications, including wiper motors, power window motors, door actuators, seat motors, and brake actuators. The region's leadership in the global market is bolstered by increased commercial vehicle sales, driven by compliance with emission standards and growing demand from construction and industrial sectors. However, stringent government emission regulations are promoting the shift towards electric vehicles, which may impact the market for fuel-powered vehicles. The market is fragmented, with key players like Bosch Rexroth AG, Nidec Corporation, and Denso Corporation investing in research and development to meet the demand for advanced actuator products.

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South Korea Automotive Pneumatic Actuators Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application Type

      1. 2.1.1 Throttle Actuators

      2. 2.1.2 Fuel Injection Actuators

      3. 2.1.3 Brake Actuators

      4. 2.1.4 Others

    2. 2.2 Vehicle Type

      1. 2.2.1 Passenger Cars

      2. 2.2.2 Commercial Vehicle

South Korea Automotive Pneumatic Actuators Market Size FAQs

The South Korea Automotive Pneumatic Actuators Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Bosh Rexroth AG, Nidec Corporation, Denso Corporation , SMC Corporation Of America and Emerson Electric Co are the major companies operating in the South Korea Automotive Pneumatic Actuators Market.

South Korea Automotive Pneumatic Actuators Report Snapshots

South Korea Automotive Pneumatic Actuators Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)