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Automotive Engine Actuators Market to Generate Huge Revenue in Industry by 2017 – 2025

An actuator is a machine component that is used for controlling or moving a system or mechanism. An actuator requires a source of energy and a control signal. The control signal is comparatively low energy and can be electric current or voltage, hydraulic or pneumatic pressure, or sometimes human power. The source of main energy can be electric current, pneumatic pressure or hydraulic fluid pressure. The actuator converts the energy into mechanical motion when it receives the control signal.

The growing demand of VVT or variable valve timing system owing to advantages such as fuel economy is a key driver for market growth. VVT system significantly improves the fuel efficiency of cars and is cost-effective for both the manufacturers and the end users. The variable valve timing systems have gained popularity and producers are focusing on incorporating variable valve timing systems in their vehicles. Moreover, the introduction of rigorous norms associated to fuel economy is likely to act as another key factor for the adoption of variable valve timing systems. The installation of dual variable valve timing systems in compact size passenger car engines improves the fuel efficiency and engine power output of the compact size cars. This is likely to encourage manufacturers to focus on equipping these vehicles with dual variable valve timing systems. With the shifting fuel prices compelling customers to choose fuel-efficient cars, OEMs are increasingly focusing on downsizing engines to lower the overall curb weight and boost mileage figures. Since dual variable valve timing systems offer a lightweight and cost-effective solution for improving the fuel efficiency and regulate the emissions, this demand from customers for fuel efficient vehicles will consequently drive the growth of the market in the next few years.

The global automotive engine actuators market can be segmented by product type, and region. In terms of type of automotive actuators, the global market can be segregated into electronic throttle system and variable valve timing systems. In 2016, the variable valve timing systems segment held the maximum share of the market and is likely to maintain its dominant position over the forecast period. The variation in vehicular emission norms and the increasing awareness among the car-users for fuel-efficient vehicles is likely to fuel the growth of this segment. Additionally, the increase in number of strict regulations towards emissions is likely to augment the adoption of the variable valve timing systems. The passenger cars segment is likely to drive the growth of the segment significantly.

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In terms of geography, the global automotive engine actuators market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held the maximum share of the market in 2016. The automotive engine actuators market in the Asia-Pacific is likely to grow at a considerable rate in the coming years. Factors such as exponential growth in the use of automobiles in the region, is leading to the increased demand for technologically-advanced automotive vehicles with automotive engine actuators. Moreover, recent increase in defense budgets, primarily of developing nations for better land, air and marine defense equipment is likely to impact the automotive engine actuators market positively.

All the players are competing in the market to gain significant market shares, making this market highly competitive in nature. The vendors are also focusing on improving their customer base and growing their investments in research and development activities. The enhancements in technology as well as government regulations are likely to further increase the level of competition in the market. Some of the key players in the global automotive engine actuators market are Delphi, DENSO, Aisin Group. Some of the other noticeable vendors include Hitachi Automotive Systems, Eaton, Metaldyne, HUSCO International, and Perodua.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

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The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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