Future Outlook of the Mexico Automotive Pneumatic Actuators Market: Analyzing Size, Segmentation, and Competitive Landscape By Report Ocean
Introduction
The “ Mexico Automotive Pneumatic Actuators “ market’s future trajectory is a topic of paramount importance, necessitating a comprehensive analysis encompassing market size, segmentation, competitive landscape, present conditions, and anticipated trends. Moreover, the ongoing challenges posed by the COVID-19 pandemic also warrant strategic insights for businesses to navigate these circumstances successfully.
Market Size and Segmentation
The Mexico Automotive Pneumatic Actuators market’s evolution hinges on understanding its size and segmentation dynamics. This entails delving into aspects like product types, applications, and geographical distribution. By dissecting these facets, a clearer perspective on future growth prospects can be gained.
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The Mexico Automotive Pneumatic Actuator Market is anticipated a register a CAGR of over 4% during the forecast period (2020 – 2025).
Key Highlights
The growth of fuel-efficient vehicles and the inclusion of advanced driver assistance systems (ADAS), majorly braking and throttle systems (like adaptive cruise control (ACC) and autonomous emergency braking features), in new vehicles and existing vehicles, are the major driving factors for the automotive actuator market.
Owing to the rising penetration and replacement rate of the pneumatic actuator with pure electric and electro-pneumatic actuators, the market studied is expected to grow at a slow rate, especially for the passenger car segment.
However, demand for the automotive pneumatic actuator in the commercial vehicle segment is expected to grow due to an increase in production and sales of trucks and semi-trailers globally.
The use of fuel injection actuators and throttle actuators in diesel engine vehicles help comply with the Euro VI standard. The market for actuators for fuel injection that are directly related to diesel engines is expected to grow with the development of advanced diesel engines.
Key Market Trends
Growing Demand for Throttle Actuators
Conventional diesel engines implement sophisticated fuel management systems, such as integrated throttle control units. These engines are popular due to their increased efficiency, enhanced functionality, increased operational safety, and reduced carbon emissions.
Autonomous throttle control actuator is being implemented in the latest 2018 Audi A8 which consists of radar, electronic sensors, and cameras integrated to the actuators to control vehicle speed, without the driver having to pay attention or keep their hands on the wheel.
Advanced throttle actuators provide the ability to integrate control with other vehicle functions. These systems in SUVs allow the engine speed to be monitored for smooth driving over different terrains.
Products, such as the Electronic Throttle Control 12 by Continental, have high performance, low weight in a small package, low leakage, and are capable of turbo applications, due to their high torque.
Failures in throttle actuators systems have occurred, such as accidents reported in cars by Tesla and Toyota due to faulty sensors that may lead to a lack of response from the throttle actuators, due to high resistance to acceleration given by the driver.
Mexico to Dominate the Automotive Pneumatic Actuator Market in Latin America
Geographically, Latin America is leading the global Automotive Pneumatic Actuator Market followed by North America and Europe. The Latin American region is majorly driven by Mexico.
In Mexico, commercial vehicle sales increased from 4.16 million units in 2017 to 4.37 million units in 2018. This increase can be attributed to diesel vehicles meeting the emission standards from January 2018, along with the rising demand for commercial vehicles. The increase in demand for commercial vehicles can be attributed to an increase in construction and industrial activity, road freight movement.
Some of the key players in the supply of automotive actuators globally are Denso International, Hella Automotive, Robert Bosch, Mitsuba Corporation.
The most prominent actuator application in the region is wiper motors, power window motors, door actuators, seat motors, and brake actuators. Rear door actuators and body actuators are the other types of actuators most commonly used in a passenger vehicle in the region.
Stringent emission rules by the government for the reduction of emission and fuel consumption are leading to the use of electric vehicles. This reduces the market for fuel-powered vehicles, in which actuators are used.
Competitive Landscape
The Mexican automotive pneumatic actuators market is fragmented. Some of the major manufacturers in the automotive actuator market include Bosch Rexroth AG, Nidec Corporation, Denso Corporation, Emerson Electric Co, SMC Corporation of America, amongst others.
The demand for advanced actuator products among the buyers is compelling the major manufacturers to invest in R&D activities.
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
The major point covered in the Table of Contents:
Executive Summary: Provides a concise overview of the report, highlighting the key findings and recommendations.
Introduction: Sets the context for the report, including the scope, objectives, and methodology.
Market Overview: Offers a comprehensive overview of the market, including definitions, market segmentation, and key market trends.
Market Dynamics: Explores the factors driving the market growth, such as market drivers, restraints, opportunities, and challenges.
Market Analysis: Provides a detailed analysis of the market, including market size, market share, and growth projections.
Market Segmentation: Breaks down the market into various segments based on factors such as product type, application, and geography.
Competitive Landscape: Analyzes the competitive scenario in the market, including the profiles of key players, their market strategies, and recent developments.
Market Research Findings: Presents the findings of the research study, including insights and data analysis.
Market Outlook and Forecast: Provides a forecast of the market’s future trends and growth prospects.
Conclusion: Summarizes the key points discussed in the report and offers concluding remarks.
Appendices: Includes additional information such as research methodology, data sources, and glossary of terms.
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