Asia-Pacific Electric Vehicle Actuator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Hydraulic Actuator, Electric Actuator, and Pneumatic Actuator), Application (HVAC, Headlights, Brakes, Grill Shutter, Mirrors, Hood, Trunk, and Others), and Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Vehicle (PHEV), Hybrid Electric Vehicle (HEV), and Fuel Cell Electric Vehicle (FCEV))

Market Introduction

The electric vehicle actuator market in APAC is sub-segmented into China, India, Japan, South Korea, and the rest of APAC. Increasing individuals' disposable income coupled with the rising economy has led to the surge in the sales of passenger cars and commercial vehicles in the past few years. The region has become a global manufacturing hub with the presence of a robust automotive industry. The rising awareness of vehicle emissions, such as CO2; maintenance costs; lower operating; and increasing government initiative across the region are propelling the adoption of electric vehicles, thus driving the growth of the electric vehicle actuators market. Similarly, the consumer awareness and inclination toward purchasing the automobiles integrated with the advanced technologies are driving the demand for these vehicles in countries such as China, Japan, and Korea. Japan and China are the major contributors to the electric vehicle market in the APAC region. Moreover, China witnessed a boost in the adoption of battery electric vehicles (BEV). The adoption of BEV will escalate the electric vehicle actuator market for APAC region. Rise in the adoption of switchable electrochromic and glazing sunroof and surging investments to acquire intra-vehicle connectivity data are the major factor driving the growth of the APAC electric vehicle actuator market.

In case of COVID-19, APAC is highly affected specially India. The containment measure undertaken by the governments in this region has negatively affected the automotive and electronics sector. China is the leading manufacturing country in this region and is among the worst-hit country along with India which has ultimately impacted the production of automotive and electronics equipment. Further, due the interruption in supply chain and logistics the procurement rate of various automotive and electronics equipment including hardware components of electric vehicle actuator has been quite affected. In India, South Korea, Japan, Vietnam, and others have witnessed a sharp decline in the production of automotive and electric vehicle. In addition to this, APAC is an also a global manufacturing hub with countries such as China, Japan, South Korea, and India leading the global manufacturing industry growth. The ongoing COVID-19 is anticipated to cause huge disruptions in the growth of various industries in the region. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries, and it is one of the worst affected COVID-19 countries. Hence, the ongoing disruptions in supply of raw materials & components and also demand from China & other Asian countries is expected to impact the growth of the electric vehicle actuator market in coming quarters.

Get more information on this report :

Market Overview and Dynamics

The APAC electric vehicle actuator market is expected to grow from US$ 303.22 million in 2020 to US$ 629.78 million by 2028; it is estimated to grow at a CAGR of 9.1 % from 2021 to 2028. Mounting adoption of fuel-efficient vehicles will fuel the APAC electric vehicle actuator market. Increasing requirement for electronically advanced systems in vehicles, owing to the strict guideline announced by the governments across the APAC region to fuel the efficiency, is one of the major drivers for the market growth. Moreover, the rising production of vehicles and growing preference for smooth driving experience and high comfort is boosting the demand for different types of actuators. Currently, most light-duty vehicles are well equipped with mechanical or electric actuators. The diesel engines consume 10–20% less fuel as they have more efficient engine operations, whereas hybrid vehicles powered with gasoline have lower fuel consumption. The hybrid vehicle engine operates to its peak efficiency as well as accommodates an amount of energy from regenerative braking, which is triggered with the help of actuators. The electric vehicles (EV) have the lowest energy consumption as they operate through battery that uses intrinsically higher efficiency of electric motors compared to internal combustion engines. In 2019, Japan sanctioned a rule to tighten its fuel economy standards for light duty vehicle (LDVs) until 2030. These new standards require the vehicles to corporate average fuel efficiency of about 3.95 L/i100 km (WLTC test) by 2030. Therefore, growing implementation of standards by governments across the APAC region and mounting requirement of fuel-efficient vehicles is one of the significant factors driving the growth of the APAC electric vehicle actuator market.

Key Market Segments

In terms of type, the hydraulic actuator segment accounted for the largest share of the APAC electric vehicle actuator market in 2020. In terms of application, the hood segment held a larger market share of the APAC electric vehicle actuator market in 2020. Further, the hybrid electric vehicle (HEV) segment held a larger share of the APAC electric vehicle actuator market based on vehicle type in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC electric vehicle actuator market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BorgWarner Inc.; Continental AG; HELLA GmbH and Co. KGaA; Hitachi, Ltd.; Johnson Electric Holdings Limited; Mahle GmbH; Mitsubishi Electric Corporation; Nidec Corporation; Robert Bosch GmbH; and Stoneridge, Inc.

Reasons to buy report

To understand the APAC electric vehicle actuator market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC electric vehicle actuator market
Efficiently plan M&A and partnership deals in APAC electric vehicle actuator market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC electric vehicle actuator market
Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Electric Vehicle Actuator Market Segmentation

APAC Electric Vehicle Actuator Market - By Type

Hydraulic Actuator
Electric Actuator
Pneumatic Actuator

APAC Electric Vehicle Actuator Market – By Application

APAC Electric Vehicle Actuator Market - By Vehicle Type

Battery Electric Vehicle (BEV)
Plug-in Hybrid Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Fuel Cell Electric Vehicle (FCEV)

APAC Electric Vehicle Actuator Market - By Country

China
India
Japan
South Korea
Rest of APAC

APAC Electric Vehicle Actuator Market - Company Profiles

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Electric Vehicle Actuator Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. APAC Electric Vehicle Actuator Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Mounting Adoption of Fuel-Efficient Vehicles

5.1.2 Burgeoning Demand for Advanced Automation Systems in the Vehicle

5.2 Market Restraints

5.2.1 Escalating Scalability Issues and Capital Costs

5.3 Market Opportunities

5.3.1 Rise in the Adoption of Switchable Electrochromic and Glazing Sunroof

5.4 Future Trends

5.4.1 Surging Investments to Acquire Intra-Vehicle Connectivity Data

5.5 Impact Analysis of Drivers and Restraints

6. Electric Vehicle Actuator Market – APAC Analysis

6.1 APAC Electric Vehicle Actuator Market Overview

6.2 APAC Electric Vehicle Actuator Market Forecast and Analysis

7. APAC Electric Vehicle Actuator Market Revenue and Forecast to 2028 – By Type

7.1 Overview

7.2 APAC Electric Vehicle Actuator Market Breakdown, By Type, 2020 and 2028

7.3 Hydraulic Actuator

7.3.1 Overview

7.3.2 Hydraulic Actuator Market Forecast and Analysis

7.4 Electric Actuator

7.4.1 Overview

7.4.2 Electric Actuator Market Forecast and Analysis

7.5 Pneumatic Actuator

7.5.1 Overview

7.5.2 Pneumatic Actuator Market Forecast and Analysis

8. APAC Electric Vehicle Actuator Market Revenue and Forecast to 2028 –By Application

8.1 Overview

8.2 APAC Electric vehicle actuator market Breakdown, by Application, 2020 and 2028

8.3 HVAC

8.3.1 Overview

8.3.2 HVAC Market Revenue and Forecast to 2028 (US$ Million)

8.4 Headlights

8.4.1 Overview

8.4.2 Headlights Market Revenue and Forecast to 2028 (US$ Million)

8.5 Brakes

8.5.1 Overview

8.5.2 Brakes Market Revenue and Forecast to 2028 (US$ Million)

8.6 Grill Shutter

8.6.1 Overview

8.6.2 Grill Shutter Market Revenue and Forecast to 2028 (US$ Million)

8.7 Mirrors

8.7.1 Overview

8.7.2 Mirrors Market Revenue and Forecast to 2028 (US$ Million)

8.8 Hood

8.8.1 Overview

8.8.2 Hood Market Revenue and Forecast to 2028 (US$ Million)

8.9 Trunk

8.9.1 Overview

8.9.2 Trunk Market Revenue and Forecast to 2028 (US$ Million)

8.10 Others

8.10.1 Overview

8.10.2 Others Market Revenue and Forecast to 2028 (US$ Million)

9. APAC Electric Vehicle Actuator Market Revenue and Forecast to 2028 – By Vehicle Type

9.1 Overview

9.2 APAC Electric Vehicle Actuator Market Breakdown, by Vehicle Type, 2020 and 2028

9.3 Battery Electric Vehicle (BEV)

9.3.1 Overview

9.3.2 Battery Electric Vehicle (BEV) Market Forecast and Analysis

9.4 Plug-in Hybrid Vehicle (PHEV)

9.4.1 Overview

9.4.2 Plug-in Hybrid Vehicle (PHEV) Market Forecast and Analysis

9.5 Hybrid Electric Vehicle (HEV)

9.5.1 Overview

9.5.2 Hybrid Electric Vehicle (HEV) Market Forecast and Analysis

9.6 Fuel Cell Electric Vehicle (FCEV)

9.6.1 Overview

9.6.2 Fuel Cell Electric Vehicle (FCEV) Market Forecast and Analysis

10. APAC Electric Vehicle Actuator Market – Country Analysis

10.1 Overview

10.1.1 APAC: Electric Vehicle Actuator Market, by Key Country

10.1.1.1 China: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 China: Electric Vehicle Actuator Market, by Type

10.1.1.1.2 China: Electric Vehicle Actuator Market, by Application

10.1.1.1.3 China: Electric Vehicle Actuator Market, by Vehicle Type

10.1.1.2 India: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 India: Electric Vehicle Actuator Market, by Type

10.1.1.2.2 India: Electric Vehicle Actuator Market, by Application

10.1.1.2.3 India: Electric Vehicle Actuator Market, by Vehicle Type

10.1.1.3 Japan: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Japan: Electric Vehicle Actuator Market, by Type

10.1.1.3.2 Japan: Electric Vehicle Actuator Market, by Application

10.1.1.3.3 Japan: Electric Vehicle Actuator Market, by Vehicle Type

10.1.1.4 South Korea: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 South Korea: Electric Vehicle Actuator Market, by Type

10.1.1.4.2 South Korea: Electric Vehicle Actuator Market, by Application

10.1.1.4.3 South Korea: Electric Vehicle Actuator Market, by Vehicle Type

10.1.1.5 Rest of APAC: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 Rest of APAC: Electric Vehicle Actuator Market, by Type

10.1.1.5.2 Rest of APAC: Electric Vehicle Actuator Market, by Application

10.1.1.5.3 Rest of APAC: Electric Vehicle Actuator Market, by Vehicle Type

11. Impact of COVID-19 Pandemic on APAC Electric Vehicle Actuator Market

11.1 APAC: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Market Initiative

13. Company Profiles

13.1 BorgWarner Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Mahle GmbH

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Mitsubishi Electric Corporation

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Hitachi, Ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Nidec Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Robert Bosch GmbH

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Continental AG

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 HELLA GmbH and Co. KGaA

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Johnson Electric Holdings Limited

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Stoneridge, Inc.

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. APAC Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. APAC Electric Vehicle Actuator Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. China: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4. China: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5. China: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 6. India: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. India: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. India: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Japan: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. Japan: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. Japan: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 12. South Korea: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. South Korea: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14. South Korea: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. Rest of APAC: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 16. Rest of APAC: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 17. Rest of APAC: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 18. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Electric Vehicle Actuator Market Segmentation

Figure 2. APAC Electric Vehicle Actuator Market Segmentation – By Country

Figure 3. APAC Electric Vehicle Actuator Market Overview

Figure 4. Hydraulic Actuator Segment held the Largest Share of APAC Electric Vehicle Actuator Market

Figure 5. Hood Segment held the Largest Share of APAC Electric Vehicle Actuator Market

Figure 6. Hybrid Electric Vehicle (HEV) segment held the Largest Share of APAC Electric Vehicle Actuator Market

Figure 7. South Korea to Show Great Traction During Forecast Period

Figure 8. APAC - PEST Analysis

Figure 9. APAC Electric Vehicle Actuator Market, Ecosystem

Figure 10. APAC Electric Vehicle Actuator Market: Impact Analysis of Drivers and Restraints

Figure 11. APAC Electric Vehicle Actuator Market Forecast and Analysis (US$ Million)

Figure 12. APAC Electric Vehicle Actuator Market Breakdown, By Type, 2020 and 2028 (%)

Figure 13. APAC Hydraulic Actuator Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. APAC Electric Actuator Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. APAC Pneumatic Actuator Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. APAC Electric vehicle actuator market Breakdown, By Application (2020 and 2028)

Figure 17. APAC HVAC Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. APAC Headlights Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. APAC Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. APAC Grill Shutter Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. APAC Mirrors Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. APAC Hood Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. APAC Trunk Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. APAC Others Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. APAC Electric Vehicle Actuator Market Breakdown, by Vehicle Type, 2020 and 2028 (%)

Figure 26. APAC Battery Electric Vehicle (BEV) Market Revenue and Forecast to 2028 (US$ Million)

Figure 27. APAC Plug-in Hybrid Vehicle (PHEV) Market Revenue and Forecast to 2028 (US$ Million)

Figure 28. APAC Hybrid Electric Vehicle (HEV) Market Revenue and Forecast to 2028 (US$ Million)

Figure 29. APAC Fuel Cell Electric Vehicle (FCEV) Market Revenue and Forecast to 2028 (US$ Million)

Figure 30. APAC: Electric Vehicle Actuator Market, by Key Country – Revenue (2020) (USD Million)

Figure 31. APAC: Electric Vehicle Actuator Market Revenue Share, by Key Country (2020 and 2028)

Figure 32. China: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. India: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Japan: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. South Korea: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Rest of APAC: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Impact of COVID-19 Pandemic in APAC Country Markets

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC electric vehicle actuator market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC electric vehicle actuator market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the electric vehicle actuator market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement
Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Related Reports

Report Name	Published Date
Asia Pacific Wind Turbine Condition Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, and Software an..	May 2022
Asia Pacific Automotive System Simulation Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Transmission, Engine, Elec..	May 2022
Asia Pacific Ground Engaging Tools Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Excavators, Loaders, Bulldozers, an..	May 2022

Purchase Options

Single User License

$3000

$1800

Site License

$4000

$2400

Enterprise License

$5000

$3000

GET FREE SAMPLE PDF

Inquire before Buying Inquire for Discount

Subscription Member Price: FREE

Get Subscription

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

Request for Free Sample