Argentina Automotive Electric Actuators Market Report and Forecast 2024-2032
Market Report I 2024-03-26 I 84 Pages I EMR Inc.
Argentina Automotive Electric Actuators Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Argentina automotive electric actuators market is projected to grow at a CAGR of 2.10% between 2024 and 2032. Aided by the automotive sector undergoing technological transformation, the market is expected to grow significantly by 2032.
Automotive electric actuators, integral components that facilitate movement and control in various vehicle systems, are becoming increasingly essential as the automotive sector leans towards more automated and efficient vehicles.
The Argentina automotive electric actuators market growth is underpinned by several key factors, including the rising demand for advanced vehicle features, the shift towards electric vehicles (EVs), and the increasing integration of automation technologies in the automotive market. Electric actuators play a crucial role in enhancing vehicle performance, safety, and comfort by enabling precise control over functions such as throttle control, brake systems, and mirror adjustments, among others.
The Argentina automotive electric actuators market expansion is also buoyed by the growing consumer demand for vehicles equipped with advanced safety and comfort features. As consumers become more aware of the benefits of having vehicles with automated systems for parking, adaptive cruise control, and advanced infotainment systems, the demand for electric actuators, which are pivotal in these systems, is expected to surge.
Moreover, the global shift towards electric vehicles as a means to reduce carbon emissions and combat climate change is significantly impacting the Argentina automotive electric actuators market. Electric vehicles, which rely heavily on electric actuators for various functions including battery management and thermal management systems, are becoming increasingly popular, thereby driving the demand for electric actuators.
The market is witnessing a significant demand for actuators used in body control and interior applications, attributed to the increasing focus on enhancing passenger comfort and vehicle functionality. Powertrain and chassis applications of electric actuators are also seeing substantial growth due to their critical role in improving vehicle efficiency and performance.
Another factor contributing to Argentina automotive electric actuators market share is the increasing automation in the automotive market. With advancements in autonomous driving technologies, there is a growing need for reliable and efficient electric actuators to perform a wide range of functions that were traditionally mechanically controlled.
A notable trend in the market is the increasing investment in research and development by manufacturers to produce more compact, lightweight, and energy-efficient actuators. This innovation drive is partly in response to the automotive market's push towards downsizing and electrification.
Within Argentina, the market for automotive electric actuators is witnessing a robust expansion across major automotive hubs. The country's well-established automotive manufacturing sector, combined with its growing focus on adopting green technologies, positions it as a significant market for electric actuators in Latin America.
As per the Argentina automotive electric actuators market analysis, the market is poised for sustained growth, driven by technological advancements, the automotive market's shift towards electrification, and the increasing demand for vehicles with advanced safety and comfort features. As the market continues to evolve, the development of more advanced and efficient actuators is expected to open new avenues for growth.
As per the Argentina automotive electric actuators market outlook, the integration of smart actuators capable of providing feedback and enabling more sophisticated control systems in vehicles is anticipated to be a key trend shaping the future of the market. These developments, along with supportive government policies towards automotive electrification and automation, are set to further bolster the growth of the market.
Market Segmentation
The market can be divided based on product type, vehicle type, and application.
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
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Argentina automotive electric actuators market. Some of the major players explored in the report by Expert Market Research are as follows:
- Johnson Electric Holdings Limited
- Daikin Industries Ltd. (Continental Hydraulics Inc.)
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- LINAK A/S
- Others
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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 breakup 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
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