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North America Automotive Hydraulic Actuators Market Size: By Application: Throttle, Seat Adjustment, Brake, Closure, Others; By Vehicle Type: Passenger Car, Commercial Vehicle; By Sales Channel: OEM, Aftermarket; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
North America Automotive Hydraulic Actuators Market Outlook
The North America automotive hydraulic actuators market size is expected to grow at a CAGR of 4.30% between 2024 and 2032.
Key Takeaways:
- The automotive sector significantly bolsters the United States economy, accounting for an estimated 3-3.5% of the nation's GDP in 2020. During the same year, approximately 8.8 million vehicles were manufactured within the US automotive industry.
- As of 2021, the United States stands as the second-largest automobile market globally, with sales totalling 15.8 million units. Notably, electric vehicle sales in the US surged to 328,000 units in 2020.
The automotive industry is witnessing a surge in demand for vehicles equipped with advanced features and connectivity, driven by increasing automation and digitalisation. Modern passenger vehicles are equipped with a multitude of motors to control various applications, ranging from headlight positioning to HVAC systems. Actuators, essential components in these systems, are experiencing heightened demand as they convert electric signals into the necessary physical movements. With the evolution of technology, autonomous vehicles are expected to integrate multiple actuators to enhance safety and comfort.
The automotive hydraulic actuators market in North America is witnessing continuous growth, propelled by the steady increase in automobile production and sales worldwide. Actuators, along with sensors, software programs, and controller hardware, form the backbone of present and future automotive systems. Hydraulic actuators, utilizing hydraulic fluid to generate linear or rotary motion, find applications in power steering, transmissions, and brakes. These actuators are categorized into direct-acting and indirect-acting types, both essential for various automotive functions.
The rising demand for fuel-efficient cars is driving the popularity of automotive hydraulic actuators, as they contribute to reducing fuel consumption while providing superior power and control. Additionally, stringent regulations concerning vehicle safety are further boosting the demand for these actuators. The North America automotive hydraulic actuators market development is expected to witness accelerated growth, fuelled by technological advancements, increasing vehicle electrification, and the pursuit of enhanced fuel efficiency. Actuators play a crucial role in electric powertrain systems, contributing to the rising adoption of electric vehicles and subsequently driving market growth. Overall, the expansion of the automotive hydraulic actuators market is driven by a combination of technological innovation, regulatory compliance, and evolving consumer preferences in the automotive sector.
Market Segmentation
North America Automotive Hydraulic Actuators Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
- Throttle
- Seat Adjustment
- Brake
- Closure
- Others
Market Breakup by Vehicle Type
- Passenger Car
- Commercial Vehicle
Market Breakup by Sales Channel
- OEM
- Aftermarket
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The market is influenced by technological advancements, changing regulatory landscape and consumer preferences.
- Continental AG
- Johnson Electric Holdings Limited
- HELLA GmbH & Co. KGaA
- CTS Corporation
- Valeo SE
- ZF Friedrichshafen AG
- 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:
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| Breakup by Application |
|
| Breakup by Vehicle Type |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
|
*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 Global Automotive Hydraulic Actuators Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Hydraulic Actuators Historical Market (2018-2023)
8.3 Global Automotive Hydraulic Actuators Market Forecast (2024-2032)
8.4 Global Automotive Hydraulic Actuators Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Automotive Hydraulic Actuators Market Overview
9.1 Key Industry Highlights
9.2 North America Automotive Hydraulic Actuators Historical Market (2018-2023)
9.3 North America Automotive Hydraulic Actuators Market Forecast (2024-2032)
10 North America Automotive Hydraulic Actuators Market by Application
10.1 Throttle
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Seat Adjustment
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Brake
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Closure
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 North America Automotive Hydraulic Actuators Market by Vehicle Type
11.1 Passenger Car
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial Vehicle
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Automotive Hydraulic Actuators Market by Sales Channel
12.1 OEM
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Aftermarket
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Automotive Hydraulic Actuators Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Continental AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Johnson Electric Holdings Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 HELLA GmbH & Co. KGaA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 CTS Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Valeo SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 ZF Friedrichshafen AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Hydraulic Actuators Market: Key Industry Highlights, 2018 and 2032
2. North America Automotive Hydraulic Actuators Market: Key Industry Highlights, 2018 and 2032
3. North America Automotive Hydraulic Actuators Historical Market: Breakup by Application (USD Million), 2018-2023
4. North America Automotive Hydraulic Actuators Market Forecast: Breakup by Application (USD Million), 2024-2032
5. North America Automotive Hydraulic Actuators Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
6. North America Automotive Hydraulic Actuators Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
7. North America Automotive Hydraulic Actuators Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
8. North America Automotive Hydraulic Actuators Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
9. North America Automotive Hydraulic Actuators Historical Market: Breakup by Country (USD Million), 2018-2023
10. North America Automotive Hydraulic Actuators Market Forecast: Breakup by Country (USD Million), 2024-2032
11. North America Automotive Hydraulic Actuators Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.30% between 2024 and 2032.
The automotive hydraulic actuators market is categorised according to its application, which includes throttle, seat adjustment, brake, closure and others.
The key market players are Continental AG, Johnson Electric Holdings Limited, HELLA GmbH & Co. KGaA, CTS Corporation, Valeo SE, ZF Friedrichshafen AG, and others.
The market is driven by factors that include growing automotive industry, rising demand for fuel efficient vehicles, and stringent safety regulations, among others.
The market is categorised according to its vehicle type, which includes passenger car, and commercial vehicle.
Within automotive systems, actuators serve as a crucial link bridging physical operations within a vehicle and its control mechanisms. Their function involves transforming incoming energy into motion to execute commands effectively.
Various types of actuators exist, with the four most prevalent being hydraulic, pneumatic, electric, and mechanical actuators.
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