Argentina Automotive Electric Actuators Market - Forecast(2024 - 2030)
Argentina Automotive Electric Actuators Market Overview
Report Coverage
The report: “Argentina Automotive Electric Actuators
Market Report– Forecast (2021-2026)”, by Industry ARC covers an in-depth
analysis of the following segments of the Argentina Automotive Electric
Actuators Market
By Vehicle
Type: Passenger Car,
Commercial Vehicle
By Application Type: Throttle Actuator, Seat Adjustment
Actuator, Brake Actuator, Closure Actuator, Others
By Motion: Linear, Rotary
Key Takeaways
- In Argentina the automotive electric actuators are growing, mainly due to the growth of the automotive sector where there is a requirement of vehicles with advanced features and connectivity and the vehicles are equipped with 120 motors to control various applications such as headlight positioning, seat adjustment, grill shutter, HVAC systems, and coolant and refrigerant valves and the electric actuators convert an electric signal into the required linear and rotary motion to produce the required physical movement.
- Commercial Vehicles sector is expected to witness a highest CAGR of 7.3% the forecast period, owing to the growing preference for connected commercial vehicle and a strong emphasis by the governments in the region to ensure in-house automotive production.
- Automotive Electric Vehicles are strengthening their position in Argentina through acquisitions and continuously investing in research and development (R&D) activities of the automotive manufacturing along with a vision to come up with solutions to cater to the changing requirements of customers.
Argentina Automotive Electric Actuators Market By Motion, 2020
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Argentina Automotive Electric Actuators Market Segment Analysis - By Vehicle Type
Passenger Car segment held significant market share of 68.6% in 2020, as they are growing in numbers
in the emerging countries due to growing per capita income and they
are the most common mode of transportation. Buyers get many options of
choosing the vehicle according to their preferences due to which passenger
vehicles are thriving the passenger vehicles market with its wide range of
designs and features. In April 2021, due to the
sudden rise in the number of COVID-19 cases and deaths, the government
prohibited the movement of people, except those of essential workers due to
which the use of vehicle car use increased in Argentina.
Argentina Automotive Electric Actuators Market Segment Analysis - By Application Type
Throttle Actuator is expected to
witness a highest CAGR of 8.1% the forecast period as integrated mechanical flex-ball
connection provides pre-defined electrical connection to the automation system
which makes it an excellent solution for engine control. The throttle actuator
is equipped with linear rotary screw type technology that gives the Throttle
Actuator excellent speed, force, and accuracy capabilities. The hardware component of the AVL Throttle Actuator Compact
consists of the actuator with a push-pull cable and an integrated controller
and the integrated controller allows for improved stability and accommodates a
large input voltage range. Throttle actuators use a power source, such as a battery,
to run the actuator which are compact, require lower voltage, deliver higher
torque and generate less heat which in
turn increases the efficiency and
effectiveness of the various functional component in the vehicle. This has led to increased
preference for automotive electric actuators. Hence these factors are analyzed to drive the Argentina Automotive
Electric Actuators Market Size in the forecast period 2021-2026.
Argentina
Automotive Electric Actuators Market Segment Analysis - By Motion
Rotary electric actuators held significant market share of 58.7% in 2020 as they typically provide control and indexing capabilities to allow multiple position stops along with strokes through electromagnetic power from a motor. Supply voltage, repeatability, maximum torque, load capacity, linear stroke, operating temperature, and rotation angle are some of the performance specifications of the Rotary electric actuators as these actuators provide maximum rotation angle of 45°, 90°, 135°, 180°, 225°, 270°, 315°, or 360°. In the automotive industry, manual and electric devices are used in car seats where the Rotary electric actuators find their application.
Argentina Automotive Electric Actuators Market Drivers
Surge in adoption of electric actuators:
The
remarkable growth of the automotive industry at a global level, due to which
the electric actuators are finding their application owing to the growing
demand for features offering better comfort to the passengers, which has become
a necessary factor for top manufacturers to differentiate to each in the
growing actuators industry. In recent years, newer vehicles are equipped
with electric actuators that emit lesser heat, lower noise emission, design,
and offer flexible installation options. In addition, electric actuators are chosen over
the rectangular actuators as they run on battery, they can deliver higher
torque while they are also compact and lightweight. Thus, the OEMs are proving
the best actuators to its customers by investing heavily in efforts to enhance
the driving and passenger experience which will fuel the use of electric actuators
in this sector.
Surge in demand for fuel efficient vehicles:
Increasing fuel efficiency rules in Argentina
are resulting in consumer awareness to use automobiles, which give a higher
performance for the same fuel efficiency due to which actuators market has
evolved from a working mechanic application to a fully automotive. The electric engine actuators provide
maximize the potential of modern engine management, offering consistency and
improved performance, thus reducing CO2 emissions from vehicles of all classes.
Rising demand for advanced actuator products among the buyers and the
increasing demand for fuel-efficient vehicles are compelling the major
manufacturers to invest in R&D activities, these factors
are analysed to drive the Argentina Automotive Electric Actuators industry
outlook in the forecast period 2021-2026.
Argentina Automotive Electric Actuators Market Challenges
Risk of failure of electric components in an electric actuator:
Due to continuous operation and extreme changes in operating cycle
electric actuators tend to overheat and in turn, may damage the electric
components in the actuators, thus generally electric actuators cannot work in
the hazardous environment. This risk of
failure of the automotive electric actuators is set to negatively impact the
procurement of electric actuators during the forecast period 2021-2026.
Argentina Automotive Electric Actuators Market Landscape
Product
launches, acquisitions, Partnerships and R&D activities are key strategies
adopted by players in the Argentina Automotive
Electric Actuators Market. Top players operative in Argentina Automotive
Electric Actuators are
- Aptiv
- Hitachi Ltd.
- Robert Bosch GmbH
- Valeo
- Denso Corporation
- CTS Corporation
- Borg Warner, Inc.
- Johnson Electric
- MAHLE GmbH
- WABCO
Acquisitions/Product Launches
- In November 2020, Danfoss Corporation and Linak Techline collaborated to add electric actuators for designing in intelligent off highway vehicles.
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LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2023-2030 ($M)1.1 By Application Type Market 2023-2030 ($M) - Global Industry Research
1.1.1 Throttle actuator Market 2023-2030 ($M)
1.1.2 Fuel Injection actuator Market 2023-2030 ($M)
1.1.3 Brake Actuator Market 2023-2030 ($M)
1.2 By Vehicle Type Market 2023-2030 ($M) - Global Industry Research
1.2.1 Passenger Cars Market 2023-2030 ($M)
1.2.2 Light Commercial Vehicles Market 2023-2030 ($M)
1.2.3 Heavy Vehicles Market 2023-2030 ($M)
2.Global MARKET SEGMENTATION Market 2023-2030 (Volume/Units)
2.1 By Application Type Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Throttle actuator Market 2023-2030 (Volume/Units)
2.1.2 Fuel Injection actuator Market 2023-2030 (Volume/Units)
2.1.3 Brake Actuator Market 2023-2030 (Volume/Units)
2.2 By Vehicle Type Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Passenger Cars Market 2023-2030 (Volume/Units)
2.2.2 Light Commercial Vehicles Market 2023-2030 (Volume/Units)
2.2.3 Heavy Vehicles Market 2023-2030 (Volume/Units)
3.North America MARKET SEGMENTATION Market 2023-2030 ($M)
3.1 By Application Type Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Throttle actuator Market 2023-2030 ($M)
3.1.2 Fuel Injection actuator Market 2023-2030 ($M)
3.1.3 Brake Actuator Market 2023-2030 ($M)
3.2 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Passenger Cars Market 2023-2030 ($M)
3.2.2 Light Commercial Vehicles Market 2023-2030 ($M)
3.2.3 Heavy Vehicles Market 2023-2030 ($M)
4.South America MARKET SEGMENTATION Market 2023-2030 ($M)
4.1 By Application Type Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Throttle actuator Market 2023-2030 ($M)
4.1.2 Fuel Injection actuator Market 2023-2030 ($M)
4.1.3 Brake Actuator Market 2023-2030 ($M)
4.2 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Passenger Cars Market 2023-2030 ($M)
4.2.2 Light Commercial Vehicles Market 2023-2030 ($M)
4.2.3 Heavy Vehicles Market 2023-2030 ($M)
5.Europe MARKET SEGMENTATION Market 2023-2030 ($M)
5.1 By Application Type Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Throttle actuator Market 2023-2030 ($M)
5.1.2 Fuel Injection actuator Market 2023-2030 ($M)
5.1.3 Brake Actuator Market 2023-2030 ($M)
5.2 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Passenger Cars Market 2023-2030 ($M)
5.2.2 Light Commercial Vehicles Market 2023-2030 ($M)
5.2.3 Heavy Vehicles Market 2023-2030 ($M)
6.APAC MARKET SEGMENTATION Market 2023-2030 ($M)
6.1 By Application Type Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Throttle actuator Market 2023-2030 ($M)
6.1.2 Fuel Injection actuator Market 2023-2030 ($M)
6.1.3 Brake Actuator Market 2023-2030 ($M)
6.2 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Passenger Cars Market 2023-2030 ($M)
6.2.2 Light Commercial Vehicles Market 2023-2030 ($M)
6.2.3 Heavy Vehicles Market 2023-2030 ($M)
7.MENA MARKET SEGMENTATION Market 2023-2030 ($M)
7.1 By Application Type Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Throttle actuator Market 2023-2030 ($M)
7.1.2 Fuel Injection actuator Market 2023-2030 ($M)
7.1.3 Brake Actuator Market 2023-2030 ($M)
7.2 By Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Passenger Cars Market 2023-2030 ($M)
7.2.2 Light Commercial Vehicles Market 2023-2030 ($M)
7.2.3 Heavy Vehicles Market 2023-2030 ($M)
LIST OF FIGURES
1.US Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)2.Canada Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
3.Mexico Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
4.Brazil Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
5.Argentina Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
6.Peru Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
7.Colombia Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
8.Chile Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
9.Rest of South America Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
10.UK Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
11.Germany Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
12.France Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
13.Italy Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
14.Spain Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
15.Rest of Europe Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
16.China Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
17.India Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
18.Japan Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
19.South Korea Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
20.South Africa Argentina Automotive Electric Actuators Market Revenue, 2023-2030 ($M)
21.North America Argentina Automotive Electric Actuators By Application
22.South America Argentina Automotive Electric Actuators By Application
23.Europe Argentina Automotive Electric Actuators By Application
24.APAC Argentina Automotive Electric Actuators By Application
25.MENA Argentina Automotive Electric Actuators By Application
26.APC International, Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Buehler Motor Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Continental AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.CTS Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.CVEL Automotive Electronics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Delphi Automotive PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Denso Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Firgelli Automations, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Hella KGaA Hueck Co, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Hitachi, Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.IAV Automotive Engineering, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Johnson Electric Holdings Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Magneti Marelli S.P.A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Marsh Automation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Mitsubishi Electric Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.NOOK Industries, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Robert Bosch GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.TiMOTION Technology Co. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Valeo S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Woco Tech USA, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)