Automotive Electric Multi-Turn Actuators Market - Global Industry Research Analysis

According to Market Research Store, the global automotive electric multi-turn actuators market size was valued at around USD 33.35 billion in 2023 and is estimated to reach USD 55.40 billion by 2032, to register a CAGR of approximately 5.80% in terms of revenue during the forecast period 2024-2032.

The automotive electric multi-turn actuators report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.

Global Automotive Electric Multi-Turn Actuators Market: Overview

The Automotive Electric Multi-Turn Actuators Market revolves around electric actuators capable of providing multiple rotations to control systems in vehicles.

These actuators are critical components for various applications in modern vehicles, such as power steering systems, throttle controls, engine valve adjustments, and advanced automated systems in electric vehicles (EVs) and hybrid vehicles. They enable precise rotational motion control over extended ranges, making them essential for systems requiring multiple turns for accurate function.

The growing adoption of electric vehicles, as well as advancements in autonomous driving and smart automotive technologies, are driving the demand for multi-turn actuators in the automotive sector.

Key Highlights

• The automotive electric multi-turn actuators market is anticipated to grow at a CAGR of 5.80% during the forecast period.
• The global automotive electric multi-turn actuators market was estimated to be worth approximately USD 33.35 billion in 2023 and is projected to reach a value of USD 55.40 billion by 2032.
• The growth of the automotive electric multi-turn actuators market is being driven by a combination of technological advancements, regulatory requirements, and growing consumer demand for better vehicle performance and sustainability.
• Based on the product, the throttle actuator segment is growing at a high rate and is projected to dominate the market.
• On the basis of application, the passenger vehicle segment is projected to swipe the largest market share.
• By region, North America is expected to dominate the global market during the forecast period.

Automotive Electric Multi-Turn Actuators Market: Dynamics

Key Growth Drivers

• Rising Demand for Electric Vehicles: The increasing popularity of electric vehicles (EVs) is driving the demand for electric multi-turn actuators, which are essential components in various EV systems.
• Advancements in Automotive Technology: The development of advanced driver assistance systems (ADAS), automated driving features, and comfort systems has increased the need for precise and reliable multi-turn actuators.
• Focus on Fuel Efficiency and Emissions Reduction: The growing emphasis on improving fuel efficiency and reducing emissions has led to the adoption of electric multi-turn actuators in various automotive applications.
• Increasing Adoption of Luxury Features: The trend towards luxury and premium vehicles has increased the demand for advanced comfort features, such as electric seats and sunroofs, which rely on multi-turn actuators.

Restraints

• Higher Costs: Electric multi-turn actuators can be more expensive than traditional mechanical actuators, which may limit their adoption in lower-cost vehicles.
• Weight Considerations: The weight of electric multi-turn actuators can impact vehicle performance and fuel efficiency, which may be a concern in certain applications.
• Reliability and Durability: Ensuring the reliability and durability of electric multi-turn actuators in harsh automotive environments is a challenge.
• Integration with Existing Systems: Integrating electric multi-turn actuators with existing vehicle systems and components can be complex.

Opportunities

• Customization and Niche Applications: Developing specialized electric multi-turn actuators for specific automotive applications, such as roof systems, seats, or doors, can create new market opportunities.
• Advancements in Actuator Technology: Continuous advancements in actuator technology, such as the development of more efficient and powerful motors, can improve the performance and cost-effectiveness of electric multi-turn actuators.
• Expanding into Emerging Markets: Targeting emerging markets with growing automotive industries can provide significant growth potential.
• Integration with Advanced Vehicle Systems: Electric multi-turn actuators can be integrated with advanced vehicle systems, such as autonomous driving and ADAS, to enhance functionality and safety.

Challenges

• Competition from Mechanical Actuators: Electric multi-turn actuators face competition from traditional mechanical actuators, which may be more cost-effective in certain applications.
• Regulatory Compliance: Ensuring compliance with safety and environmental regulations related to automotive components can be a challenge.
• Supply Chain Issues: The availability and pricing of components used in electric multi-turn actuators can be subject to fluctuations.
• Technological Advancements: Keeping up with rapid advancements in automotive technology and actuator design can be difficult.

Automotive Electric Multi-Turn Actuators Market: Segmentation Insights

The global automotive electric multi-turn actuators market is divided by product, application, and region.

Segmentation Insights by Product

Based on Product, the global automotive electric multi-turn actuators market is divided into throttle actuator, fuel injection actuator, brake actuator, turbo actuator, and others.

The Throttle Actuator is one of the dominant segments due to its integral role in modern engine management systems, especially in vehicles equipped with drive-by-wire technology. The Throttle Actuator controls the opening and closing of the throttle valve, regulating the airflow into the engine. This affects the vehicle's acceleration, performance, and fuel efficiency.

Fuel Injection Actuators control the timing and amount of fuel delivered to the engine, ensuring efficient combustion. Multi-turn actuators in fuel injection systems allow for better control of fuel delivery, improving both performance and emissions. This segment holds a significant market share, particularly in regions with stringent emissions standards. Fuel injection actuators are increasingly essential in both internal combustion engines and hybrid powertrains.

The Brake Actuator segment is growing rapidly, particularly with the rise of electric and autonomous vehicles, where braking systems require high levels of precision and control. Brake Actuators apply force to the braking system, ensuring safe and effective braking. Multi-turn actuators in braking systems allow for more precise control of braking force, essential in advanced braking systems like anti-lock brakes (ABS) and regenerative braking in electric vehicles (EVs).

The Turbo Actuator segment is important in vehicles with turbocharged engines, which are increasingly popular due to their ability to offer both high performance and fuel efficiency. Turbo Actuators regulate the turbocharger’s wastegate, controlling the boost pressure in turbocharged engines. Multi-turn actuators provide precise adjustments, ensuring optimal engine performance and preventing turbo lag.

Segmentation Insights by Application

On the basis of Application, the global automotive electric multi-turn actuators market is bifurcated into passenger vehicle, commercial vehicle, and others.

The Passenger Vehicle segment dominates the automotive electric multi-turn actuators market, primarily driven by the high demand for personal vehicles worldwide and the increasing adoption of electric and hybrid vehicles that rely heavily on electric actuators for various automated systems.

The Passenger Vehicle segment includes vehicles primarily designed for personal use, such as sedans, SUVs, hatchbacks, and electric vehicles (EVs). Electric multi-turn actuators in this segment are used to control various automotive functions, such as throttle, fuel injection, turbochargers, and braking systems, enabling precise control and improving the overall driving experience.

The Commercial Vehicle segment holds a smaller share compared to the passenger vehicle segment but is witnessing growth due to the rising need for automation and precision in heavy-duty vehicle operations, especially in logistics and fleet management. The Commercial Vehicle segment includes trucks, buses, vans, and other vehicles used for transporting goods and passengers.

Automotive Electric Multi-Turn Actuators Market: Report Scope

Automotive Electric Multi-Turn Actuators Market: Regional Insights

•          North America currently leads the global automotive electric multi-turn actuators market

North America is a major market for automotive electric multi-turn actuators due to the strong presence of electric vehicle manufacturers, autonomous vehicle technology developers, and a high demand for advanced automotive features.

Europe is another prominent region for multi-turn actuators in the automotive sector, supported by strong regulations on vehicle emissions, the rise of EVs, and the presence of automotive giants like Germany and France.

The Asia-Pacific region is the fastest-growing market, driven by the rapid expansion of the automotive industry, increasing production of electric vehicles, and rising demand for advanced automotive systems in countries like China, Japan, and India.

Latin America is witnessing steady growth in the automotive electric multi-turn actuators market, supported by rising automotive production and growing consumer demand for advanced features in vehicles.

The Middle East & Africa region is seeing gradual growth, with increased adoption of electric vehicles and a growing focus on automotive innovation.

Automotive Electric Multi-Turn Actuators Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the automotive electric multi-turn actuators market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global automotive electric multi-turn actuators market include:

• Bosch
• Denso
• Delphi
• Magna
• Continental
• Valeo
• Magneti Marelli
• Hitachi
• Hella
• Mahle

The global automotive electric multi-turn actuators market is segmented as follows:

By Product

• Throttle Actuator
• Fuel Injection Actuator
• Brake Actuator
• Turbo Actuator
• Others

By Application

• Passenger Vehicle
• Commercial Vehicle

By Region

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa

Frequently Asked Questions:

What will be the value of the automotive electric multi-turn actuators market during 2024- 2032?

Based on statistics from the Market Research Store, the global automotive electric multi-turn actuators market size was projected at approximately US$ 33.35 billion in 2023. Projections indicate that the market is expected to reach around US$ 55.40 billion in revenue by 2032.

What will be the CAGR of the global automotive electric multi-turn actuators market?

The global automotive electric multi-turn actuators market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 5.80% during the forecast period from 2024 to 2032.

Which region will drive the global automotive electric multi-turn actuators market?

North America is expected to dominate the global automotive electric multi-turn actuators market.

What are the significant factors driving the global automotive electric multi-turn actuators market?

This increases the demand for electric vehicles, which in turn boosts the market for electric multi-turn actuators used in powertrain and emission control systems.

Who are the leading players functioning in the global automotive electric multi-turn actuators market growth?

Some of the prominent players operating in the global automotive electric multi-turn actuators market are; Bosch, Denso, Delphi, Magna, Continental, Valeo, Magneti Marelli, Hitachi, Hella, Mahle, and others.

What can be expected from the global automotive electric multi-turn actuators market report?

The global automotive electric multi-turn actuators market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.

Frequently Asked Questions