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Saudi Arabia Automotive Actuators Market Size, Share, Trends: By Type: Pneumatic Actuator, Hydraulic Actuator, Electric Actuator, Others; By Product Type: Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Fuel Injection Actuator, Others; By Vehicle Type; By Sales Channel; Market Dynamics; Competitive Landscape; 2024-2032
Saudi Arabia Automotive Actuators Market Outlook
The Saudi Arabia automotive actuators market size reached approximately USD 215.57 million in 2023. The market is projected to grow at a CAGR of 7.30% between 2024 and 2032, reaching a value of around USD 404.96 million by 2032.
Key Trends in the Market
Automotive actuators are crucial parts of electronic control systems and hydraulic systems in a vehicle. These actuators ensure the proper functioning of different components and systems within an automobile. They are responsible for converting an input signal, typically from the vehicle's control unit or driver's input, into a specific action or movement.
- In recent years, Saudi Arabia has experienced significant economic growth, followed by the rising urban development. This development has increased the disposable incomes of the population, especially in the middle-class demographic. Hence, the Saudi Arabia automotive actuators market demand can be attributed to the growing ownership of vehicles.
- The rising research and development activities to manufacture electric actuators have been a major factor supporting the expansion of the market. OEMs (Original Equipment Manufacturers) are increasingly focusing on the production of electric actuators to provide enhanced safety and comfort to passengers. Moreover, the Saudi Arabia automotive actuators market growth is expected to further broaden with the implementation of an emergency fail safe unit.
- Owing to the growing emphasis on sustainability, there's an increased push for cleaner and more efficient transportation solutions in the country. Some significant Saudi Arabia automotive actuators market trends are increasing focus on promoting EV adoption and improving fuel efficiency of vehicles. These efforts are expected to influence the design and functionality of automotive actuators to align with eco-friendly goals.
Market Analysis
Based on type, the market is segmented into pneumatic actuator, hydraulic actuator, and electric actuator, among others. The Saudi Arabia automotive actuators market segmentation, based on product type, include throttle actuator, seat adjustment actuator, brake actuator, and fuel injection actuator, among others.
The market, based on vehicle type, is divided into passenger car and commercial vehicle. Based on the sales channel, the market is categorised into original equipment manufacturer (OEM) and aftermarket. The major regional markets for automotive actuators are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia automotive actuators market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Johnson Electric Holdings Limited.
- Denso Corporation
- Mitsubishi Electric Corporation
- SMC Corporation
- HELLA GmbH & Co. KGaA
- Dorman Products, Inc.
- Others
Market Share by Type
Owing to the numerous advantages over traditional hydraulic and pneumatic actuators, electric actuators are likely to account for a significant portion of the Saudi Arabia automotive actuators market share in the coming years. Electric actuators are playing a significant role in driving the market growth due to benefits such as energy efficiency, precise control, eco-friendly, and remote operation, and automation.
Market Share by Product Type
According to the Saudi Arabia automotive actuators market analysis, throttle actuators are likely to experience significant growth during the forecast period. Throttle actuators are components used in internal combustion engines to control the amount of air entering the engine, thus regulating the engine's power output. These actuators play a crucial role in optimising engine performance, fuel efficiency, and emissions.
Competitive Landscape
Continental AG, often known simply as Continental, stands as a prominent German multinational enterprise with a core focus on crafting an array of automotive components, systems, and cutting-edge technologies. With its foundation dating back to 1871, Continental has undergone a remarkable evolution, positioning itself as a foremost global supplier within the automotive sector.
Robert Bosch GmbH is a multinational engineering and technology company headquartered in Gerlingen, Germany. The company was founded in the year 1886 and has since developed to operate in four different business fields including mobility solutions, industrial technology, consumer goods, and energy and building technology. It is also a leading provider of innovative IoT services for smart homes, Industry 4.0, and connected mobility.
ZF Friedrichshafen AG is a global company active in the motor vehicle technology company. It is headquartered in Friedrichshafen, Germany and since its foundation in 1915, has become a leading supplier of systems for passenger cars, commercial vehicles, and industrial technology. The company has become one of the largest automotive suppliers in the world and is known for its innovative contributions to the automotive and industrial sectors.
Other Saudi Arabia automotive actuators market players include Johnson Electric Holdings Limited., Denso Corporation, Mitsubishi Electric Corporation, SMC Corporation, HELLA GmbH & Co. KGaA, and Dorman Products, Inc., among 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 Type |
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| Breakup by Product |
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| Breakup by Vehicle Type |
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| Breakup by Sales Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| 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 Global Automotive Actuators Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Actuators Historical Market (2018-2023)
8.3 Global Automotive Actuators Market Forecast (2024-2032)
8.4 Global Automotive 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 Saudi Arabia Automotive Actuators Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Automotive Actuators Historical Market (2018-2023)
9.3 Saudi Arabia Automotive Actuators Market Forecast (2024-2032)
10 Saudi Arabia Automotive Actuators Market by Type
10.1 Pneumatic Actuator
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Hydraulic Actuator
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Electric Actuator
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Saudi Arabia Automotive Actuators Market by Product Type
11.1 Throttle Actuator
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Seat Adjustment Actuator
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Brake Actuator
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Fuel Injection Actuator
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Saudi Arabia Automotive Actuators Market by Vehicle Type
12.1 Passenger Car
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial Vehicle
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Saudi Arabia Automotive Actuators Market by Sales Channel
13.1 Original Equipment Manufacturer (OEM)
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Aftermarket
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 for Demand
14.4 Key Indicators for 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 Robert Bosch GmbH
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 ZF Friedrichshafen AG
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 Johnson Electric Holdings Limited.
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 Denso Corporation
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 Mitsubishi Electric Corporation
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 SMC Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 HELLA GmbH & Co. KGaA
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Dorman Products, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Actuators Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Automotive Actuators Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Automotive Actuators Historical Market: Breakup by Type (USD Million), 2018-2023
4. Saudi Arabia Automotive Actuators Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Saudi Arabia Automotive Actuators Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Saudi Arabia Automotive Actuators Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Saudi Arabia Automotive Actuators Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
8. Saudi Arabia Automotive Actuators Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
9. Saudi Arabia Automotive Actuators Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
10. Saudi Arabia Automotive Actuators Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
11. Saudi Arabia Automotive Actuators Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of 215.57 million.
The market is projected to grow at a CAGR of 7.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 404.96 million by 2032.
The major market drivers are healthy economic development of the country and the rising emphasis on research and development activities to produce electric actuators.
The market is likely to be driven by the growing focus on development through sustainability and the rising adoption of electric vehicles in the region.
The major regions for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major product types are throttle actuator, seat adjustment actuator, brake actuator, and fuel injection actuator, among others.
The key players in the market are Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Johnson Electric Holdings Limited., Denso Corporation, Mitsubishi Electric Corporation, SMC Corporation, HELLA GmbH & Co. KGaA, and Dorman Products, Inc., among others.
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