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Argentina Automotive Electric Actuators Market Size, Share: By Product Type: Closure Actuator, Brake Actuator, Turbo Actuator, Throttle Actuator, Others; By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Duty Commercial Vehicle; By Application: Engine, Body Control and Exterior, Interior; Competitive Landscape; 2024-2032
Argentina Automotive Electric Actuators Market Outlook
The Argentina automotive electric actuators market size is projected to expand at a CAGR of 8.9% between 2024 and 2032.
Key Takeaways
- Advancements in automotive technology and the demand for efficient powertrains are driving the increased use of electric actuators in vehicle engines.
- The growth of the automotive sector and the increasing focus on vehicle electrification contribute to the Argentina automotive electric actuators market growth.
- Technological upgradation has led to the development of electric actuators, which improve vehicle performance, maintain consistency, and reduce CO2 emissions,
Automotive electric actuators are vital elements that convert electrical energy into mechanical motion or force in diverse automotive systems. They are indispensable for overseeing multiple functions within vehicles, such as throttle systems.
The Argentina automotive electric actuators market share is increasing as a result of increasing vehicle electrification due to rising environmental concerns. The increasing popularity of electric vehicles and hybrid vehicles in the country has created a need for advanced electric actuators to regulate different systems such as powertrains and brake systems.
Actuators play a crucial role in the functioning of electronic control systems in passenger vehicles, as they are responsible for transforming electrical signals from the control unit into physical movements. The majority of actuators are either electric motors or electro-magnetic valves.
Actuators play a vital role in the HVAC system as they regulate the airflow and temperature of the circulated air through the vents. Similarly, in the suspension system, actuators are responsible for modifying shocks and struts' stiffness to ensure a comfortable and seamless ride. Consequently, actuators are indispensable in guaranteeing the safety, performance, and comfort of passengers in a vehicle. Without these essential components, electronic control systems would fail to efficiently communicate with the diverse mechanical systems within a vehicle, resulting in potential malfunctions and safety risks.
Moreover, active funding in research and development in Argentina is anticipated to aid the market for automotive electric actuators, resulting in improved efficiency and cost-effectiveness. Additionally, partnerships among government, academia, and industry leaders, have the potential to drive technological progress in the field.
Market Segmentation
“Argentina Automotive Electric Actuators Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Closure Actuator
- Brake Actuator
- Turbo Actuator
- Throttle Actuator
- Others
Market Breakup by Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Duty Commercial Vehicle
Market Breakup by Application
- Engine
- Body Control and Exterior
- Interior
Competitive Landscape
Manufacturers are focusing on technological upgradations to gain a competitive edge, further increasing their partnerships and collaborations
- Johnson Electric Holdings Limited
- Daikin Industries Ltd. (Continental Hydraulics Inc.)
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- LINAK A/S
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Automotive Electric Actuators Market Overview
8.1 Key Industry Highlights
8.2 Latin America Automotive Electric Actuators Historical Market (2018-2023)
8.3 Latin America Automotive Electric Actuators Market Forecast (2024-2032)
8.4 Latin America Automotive Electric Actuators Market Share by Country
8.4.1 Brazil
8.4.2 Argentina
8.4.3 Mexico
8.4.4 Others
9 Argentina Automotive Electric Actuators Market Overview
9.1 Key Industry Highlights
9.2 Argentina Automotive Electric Actuators Historical Market (2018-2023)
9.3 Argentina Automotive Electric Actuators Market Forecast (2024-2032)
10 Argentina Automotive Electric Actuators Market by Product Type
10.1 Closure Actuator
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Brake Actuator
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Turbo Actuator
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Throttle Actuator
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Argentina Automotive Electric Actuators Market by Vehicle Type
11.1 Passenger Vehicle
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Light Commercial Vehicle
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Heavy Duty Commercial Vehicle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Argentina Automotive Electric Actuators Market by Application
12.1 Engine
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Body Control and Exterior
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Interior
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Johnson Electric Holdings Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Daikin Industries Ltd. (Continental Hydraulics Inc.)
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Robert Bosch GmbH
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 ZF Friedrichshafen AG
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 LINAK A/S
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Automotive Electric Actuators Market: Key Industry Highlights, 2018 and 2032
2. Argentina Automotive Electric Actuators Market: Key Industry Highlights, 2018 and 2032
3. Argentina Automotive Electric Actuators Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Argentina Automotive Electric Actuators Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Argentina Automotive Electric Actuators Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
6. Argentina Automotive Electric Actuators Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
7. Argentina Automotive Electric Actuators Historical Market: Breakup by Application (USD Million), 2018-2023
8. Argentina Automotive Electric Actuators Market Forecast: Breakup by Application (USD Million), 2024-2032
9. Argentina Automotive Electric Actuators Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.9% between 2024 and 2032.
The market is driven by the rising adoption of electric vehicles and advancements in the automotive sector.
The growing trend of vehicle electrification and the incorporation of actuators in luxury cars are the key factors guiding the market growth.
The major product types are closure actuator, brake actuator, turbo actuator, and throttle actuator, others.
The major vehicle types in the market are passenger vehicle, light commercial vehicle, and heavy duty commercial vehicle.
The key players in the market are Johnson Electric Holdings Limited, Daikin Industries Ltd. (Continental Hydraulics Inc.), Robert Bosch GmbH, ZF Friedrichshafen AG, and LINAK A/S, among others.
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