Actuators for on/off-highway Vehicles Market worth Billion USD by 2022

Actuators for on/off-highway Vehicles Market by Application, Electric Vehicle, Product (Wastegate, VGT, Throttle, Brake, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, and Piezoelectric), and Region - Global forecast to 2022 The actuators for on/off-highway vehicles market, in terms of value, is projected to grow at a CAGR of 7.49% from 2017 to The market is estimated to be USD Billion in 2017 and is projected to reach USD Billion by PDF

Brake actuators segment to hold the largest share of the actuators for on/off-highway vehicles market, by actuator type The brake actuator is estimated to hold the largest market share, in terms of value, in Mandatory installation of anti-lock braking systems (ABS) and electronic stability systems in the U.S. and European countries has been the key driver for the brake actuator market. The increase in the number of electric and fuel-efficient vehicles has further boosted the brake actuator market. In 2015, the Indian government also made ABS mandatory for commercial vehicles, which is expected to further drive the brake actuator demand in the country.

On-highway vehicle segment – A promising market for actuators for on/off-highway vehicles market The on-highway vehicle segment is estimated to be the largest market in the actuators for on/off-highway vehicles market. Increasing number of electric and fuel efficient vehicles in the automobile industry has driven the growth of the automotive actuators in this segment. This segment comprises a number of automotive actuators, which help to manage and control the applications.

Asia-Pacific: The largest market for the actuators for on/off-highway vehicles market The Asia-Pacific market is estimated to hold the largest share, in terms of volume, of the actuators for on/off-highway vehicles market in The demand for automotive actuators in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of electric vehicles in countries such as China and Japan. The region is also the leading producer of automobiles in the world.

Browse >> 230 market data tables 51 figures 266 pages and in-depth TOC on “Actuators for on/off-highway Vehicles Market - Global forecast to 2022” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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