Automotive Hydraulic Actuators Market Forecasts to 2028 – Global Analysis By Type (Brake Actuator, Closure Actuator, Fuel Injection Actuator, Seat Adjustment Actuator, Throttle Actuator and Other Types), Application (Passenger Vehicle and Commercial Vehic

Automotive Hydraulic Actuators Market Forecasts to 2028 – Global Analysis By Type (Brake Actuator, Closure Actuator, Fuel Injection Actuator, Seat Adjustment Actuator, Throttle Actuator and Other Types), Application (Passenger Vehicle and Commercial Vehicle) and By Geography

According to Stratistics MRC, the Global Automotive Hydraulic Actuators Market is accounted for $48.8 billion in 2022 and is expected to reach $75.7 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Hydraulic fluid is used by a mechanical device known as an automotive hydraulic actuator to produce linear or rotary motion. Hydraulic actuators are needed in a number of automotive applications, including power steering, transmissions, and brakes. The two main types of automotive hydraulic actuators are direct-acting and indirect-acting. Brakes, transmissions, and power steering are just a few of the automotive applications that use hydraulic actuators. Direct-acting and indirect-acting are the two main categories for automotive hydraulic actuators.

Market Dynamics:

Driver:

Increasing regulations regarding vehicle safety and demand for fuel efficient vehicles

Automotive hydraulic actuators are becoming more popular as the demand for fuel-efficient cars grows. This is because they help cut down on fuel consumption. This market's expansion is also being fueled by the fact that these actuators provide superior power and control over other types of actuators. A further factor driving demand for automotive hydraulic actuators is the proliferation of regulations pertaining to vehicle safety. The rising vehicle production and the increasing uptake of cutting-edge technologies by original equipment manufacturers (OEMs) are some of the additional factors anticipated to propel the growth of this market.

Restraint:

Temperature and reaction time restrictions

Extreme temperatures can impair the performance of hydraulic actuators, which have a limited operating temperature range. High temperatures can cause the hydraulic fluid to thin out and lose pressure, whereas low temperatures can thicken the fluid. Additionally, compared to other actuation technologies, hydraulic actuators have a slower response time because it requires more time for the system to reach steady-state conditions and for the hydraulic pressure to build up.

Opportunity:

Growing use in a various applications due to their high energy

Automotive machinery that uses hydraulic actuators has a large size, a higher speed, and greater mechanical strength it is used in applications where a heavy load is necessary. The primary advantage of hydraulic actuators is their capacity to transfer a sizable amount of energy per volume, which makes them perfect for use in heavy machinery, transportation applications, construction equipment, and other areas. They are also among the strongest actuators, making them the ideal component for heavy-duty applications.

Threat:

Environmental impact and high cost

Hydraulic fluid use can be harmful to the environment, especially if they are not properly disposed of. Hydraulic fluids can be poisonous and contaminate the soil and water. Additionally, hydraulic actuators may be more expensive to produce and maintain than other actuators, which reduces their cost-effectiveness. These elements are impeding market expansion.

Covid-19 Impact

Across every region of the world, the demand for actuators has been negatively impacted by the emergence of COVID-19. The closure of auto factories in important countries that produce cars, such as China, France, Japan, and the United States, among others, has had a significant negative impact on the automotive hydraulic actuator industry. However, market participants will focus on automotive actuator developments, with a focus on high-efficiency goods, once the pandemic has been contained. The industry is anticipated to advance due to consumer demand for amenities like motorized windows, wide sunroofs, and automated lighting.

The fuel injection actuator segment is expected to be the largest during the forecast period

The fuel injection actuator segment is expected to maintain its lead over the forecast period. The fuel injection actuator is responsible for regulating how much fuel is injected into the engine's cylinders. The multiplicity of injections per cycle and other changes in systems can be accommodated by injector actuators owing to ongoing developments. A closed-loop control system can be integrated with the newest generation of injector actuators. Additionally, diesel engine efficiency can be maximized by improving the quality of the injection, which lowers fuel consumption and pollutant emissions.

The commercial vehicle segment is expected to have the highest CAGR during the forecast period

Over the course of the forecast period, the commercial vehicle segment is expected to have the highest growth. Automotive hydraulic actuators are primarily used by commercial vehicles to provide power steering and braking assistance. By reducing the amount of effort needed from the driver, they improve safety and reduce fatigue. Among other things, they can be used to adjust the direction of the headlights and lock doors. These factors are fueling the segment's expansion.

Region with largest share:

Owing to rising demand for passenger and commercial vehicles in the region, Asia Pacific is anticipated to experience the largest market share during the forecast period. China holds the largest revenue share in the Asia-Pacific region. The largest vehicle manufacturer in the world, China, is anticipated to be a key factor in the market's expansion. The major manufacturers are investing in R&D activities because of the rising consumer demand for advanced hydraulic actuator products as well as the rising demand for fuel-efficient vehicles. The market for automotive hydraulic actuators in this region will benefit from the increase in heavy-duty vehicle sales in India.

Region with highest CAGR:

The growth in this North American region during the forecast period can be attributed to the increasing demand for passenger vehicles and commercial vehicles. In accordance with this, the development of intelligent automotive actuators with smart sensors, control units, and Internet of Things (IoT) solutions to sense the speed and movement of the vehicle and determine the distance between the object and the automobile is expanding in this area. Major manufacturers like General Motors and Ford Motor Company are also helping to fuel the expansion of this market in this region.

Key players in the market

Some of the key players profiled in the Automotive Hydraulic Actuators Market include APC International, Continental AG, CTS Corporation, CVEL Automotive Electronics, Delphi Automotive, Denso Corporation, Duncan Engineering, Hella, Hitachi Ltd, IAV Automotive Engineering, Johnson Electric, Magna, Magneti Marelli, Mahle, Micron Precision, Mitsubishi Electric Corporation, Nidec Corporation, Robert Bosch, Schrader Duncan and Valeo.

Key Developments:

In April 27 2023, the technology companies Continental and Aurora Innovation, Inc. have entered into an exclusive partnership to deliver the first commercially scalable generation of Aurora’s flagship integrated hardware and software system, the Aurora Driver. The organizations will jointly design, develop, validate, deliver, and service the scalable autonomous system for the trucking industry. The system is expected to be available for carriers and commercial fleet operators across the U.S. and to help reduce costs to facilitate broader adoption.

In February 2023, CTS Corporation announced the acquisition of maglab AG, a privately held magnetic system design and current measurement solution provider. Based in Basel, Switzerland, maglab offers products designed for smart and fail-safe position and current measurement for electric mobility, renewable energy, robotics, and automation. The company leverages magnetic material and sensor engineering experience to deliver solutions to fit customers’ unique applications.

In March 2022, CTS Corporation announces an expansion to its CA Series automotive grade clock oscillator family adding devices that support complimentary LVPECL and LVDS outputs. Designed for automotive, industrial and commercial military/aerospace applications requiring wide operating temperature ranges all CA Series devices are manufactured on TS16949 certified production lines, AEC-Q200 qualified, PPAP compliant and operate over standard automotive temperature range -40°C to +125°C.

Types Covered:
• Brake Actuator
• Closure Actuator
• Fuel Injection Actuator
• Seat Adjustment Actuator
• Throttle Actuator
• Other Types

Applications Covered:
• Passenger Vehicle
• Commercial Vehicle

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements