Automotive Solenoid Market by Function (Fluid Control, Gas Control, Motion Control), Valve Design (2-Way Solenoid Valve, 3-Way Solenoid Valve, 4-Way Solenoid Valve), Application, Vehicle - Global Forecast 2023-2030
The Automotive Solenoid Market is projected to reach USD 9.65 billion by 2030 from USD 4.82 billion in 2022, at a CAGR of 9.06% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Automotive Solenoid Market.
- Based on Function, market is studied across Fluid Control, Gas Control, and Motion Control. The Motion Control is projected to witness significant market share during forecast period.
- Based on Valve Design, market is studied across 2-Way Solenoid Valve, 3-Way Solenoid Valve, 4-Way Solenoid Valve, and 5-Way Solenoid Valve. The 2-Way Solenoid Valve is projected to witness significant market share during forecast period.
- Based on Application, market is studied across Body Control & Interiors, Engine Control & Cooling System, Fuel & Emission Control, HVAC System, and Safety & Security. The Engine Control & Cooling System is projected to witness significant market share during forecast period.
- Based on Vehicle, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Vehicle. The Heavy Commercial Vehicle is projected to witness significant market share during forecast period.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.74% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Automotive Solenoid Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Automotive Solenoid Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Solenoid Market, highlighting leading vendors and their innovative profiles. These include Aptiv PLC, BICOLEX, Borgwarner Inc., Continental AG, Denso Corporation, Emerson Electric Co., Enfield Technologies, LLC, GKN Ltd, Global Point Magnetics Asia Co. Ltd., Hitachi, Ltd., Jaksa d.o.o., Johnson Electric Group, Magnatrol Valve Corp., Mitsubishi Electric Corporation, Nidec Corporation, Padmini VNA Mechatronics Pvt Ltd, Robert Bosch GmbH, Rotex Automation, Schaeffler Group, Solenoid Solutions, Inc., Stoneridge Inc., TLX Technologies, and ZF Friedrichshafen AG.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Automotive Solenoid Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Automotive Solenoid Market?
- What is the competitive strategic window for identifying opportunities in the Automotive Solenoid Market?
- What are the latest technology trends and regulatory frameworks in the Automotive Solenoid Market?
- What is the market share of the leading vendors in the Automotive Solenoid Market?
- Which modes and strategic moves are suitable for entering the Automotive Solenoid Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Automotive Solenoid Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increase in demand for advanced automation systems, providing high fuel efficiency and the overall engine effectiveness
- 5.1.1.2. Need for fuel efficient vehicles
- 5.1.1.3. Trend of engine downsizing
- 5.1.2. Restraints
- 5.1.2.1. Limited adoption in diesel passenger car segment
- 5.1.3. Opportunities
- 5.1.3.1. Increasing use of solenoid for wide range of applications
- 5.1.3.2. Stringent government regulations supporting fuel efficient vehicles
- 5.1.4. Challenges
- 5.1.4.1. Cost reduction and form factor challenges
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Automotive Solenoid Market, by Function
- 6.1. Introduction
- 6.2. Fluid Control
- 6.3. Gas Control
- 6.4. Motion Control
- 7. Automotive Solenoid Market, by Valve Design
- 7.1. Introduction
- 7.2. 2-Way Solenoid Valve
- 7.3. 3-Way Solenoid Valve
- 7.4. 4-Way Solenoid Valve
- 7.5. 5-Way Solenoid Valve
- 8. Automotive Solenoid Market, by Application
- 8.1. Introduction
- 8.2. Body Control & Interiors
- 8.3. Engine Control & Cooling System
- 8.4. Fuel & Emission Control
- 8.5. HVAC System
- 8.6. Safety & Security
- 9. Automotive Solenoid Market, by Vehicle
- 9.1. Introduction
- 9.2. Heavy Commercial Vehicle
- 9.3. Light Commercial Vehicle
- 9.4. Passenger Vehicle
- 10. Americas Automotive Solenoid Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Automotive Solenoid Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Automotive Solenoid Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. Aptiv PLC
- 14.1.2. BICOLEX
- 14.1.3. Borgwarner Inc.
- 14.1.4. Continental AG
- 14.1.5. Denso Corporation
- 14.1.6. Emerson Electric Co.
- 14.1.7. Enfield Technologies, LLC
- 14.1.8. GKN Ltd
- 14.1.9. Global Point Magnetics Asia Co. Ltd.
- 14.1.10. Hitachi, Ltd.
- 14.1.11. Jaksa d.o.o.
- 14.1.12. Johnson Electric Group
- 14.1.13. Magnatrol Valve Corp.
- 14.1.14. Mitsubishi Electric Corporation
- 14.1.15. Nidec Corporation
- 14.1.16. Padmini VNA Mechatronics Pvt Ltd
- 14.1.17. Robert Bosch GmbH
- 14.1.18. Rotex Automation
- 14.1.19. Schaeffler Group
- 14.1.20. Solenoid Solutions, Inc.
- 14.1.21. Stoneridge Inc.
- 14.1.22. TLX Technologies
- 14.1.23. ZF Friedrichshafen AG
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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