North America 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 US, Canada, and Mexico are the economies in North America. As the increasing populations attract several technological developments due to high spending powers, technological advancements have led to a highly competitive market in the region. North America is one among the largest automotive manufacturing hubs across the world with the presence of prominent automotive manufacturers in the region. The region’s economic growth has positively affected the sale of commercial vehicles and passenger cars. As automotive actuators are strong enough to regulate idle speed, control air flaps for torque, and power optimization, these are installed in light commercial vehicles, passenger cars, and heavy commercial vehicles. The boost in the sales of commercial vehicles and passenger cars is increasing the demand for the automotive actuator. In 2019, around 16,783,398 units of passenger cars and commercial vehicles were produced. An increase in the production of electric vehicles as well as the development of actuators is a foremost opportunity for the electric vehicle actuators market. The developments have allowed the manufacturers to offer comfort to the passengers, which could substantially enhance the actuators' functionality. Further, in 2011, the Northeast Electric Vehicle Network was initiated, which is anticipated to increase EVs' adoption in different cities, including Delaware, Maryland, Massachusetts, New York, New Hampshire, Connecticut, New Jersey, Rhode Island, Vermont, and Maine. Such initiatives support the adoption of electric vehicles in the region and demands for the integration of electric actuators in these vehicles.
In case of COVID-19, The US is the most affected country in North America. The growing number of infections in has led the government to impose various containment measure such factories shut down, travel restrictions, closure of international borders and lockdowns. The huge increase in the number of confirmed cases and rising reported deaths in the country is affected both manufacturing and sales of materials associated with electric vehicle actuator. The region is expecting market recovery and economic improvement with the start of the COVID-19 vaccination. However, companies risk still remain with the market uncertainties from tough business environment associated with unfavorable foreign exchange rate, raw material price and logistics cost.
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Market Overview and Dynamics
The North America electric vehicle actuator market is expected to grow from US$ 105.17 million in 2020 to US$ 193.16 million by 2028; it is estimated to grow at a CAGR of 7.4 % from 2021 to 2028. Growing adoption of switchable electrochromic and glazing sunroof is expected to accelerate the market. The automotive manufacturers are investing in the adoption of chromogenic technology for the development of advanced vehicle glazing. The technology can dynamically change how the transmittance of the sunroof. Glazing chromogenic technology can make an interior comfortable and adjustable as per the driver’s requirement and fluctuating visual environment. This technology can provide excellent safety by the virtual elimination of glare and reflections with an actuation system. The application to automotive glazing is one of the most recent and advanced technology in the market, owing to smaller sizes than commercial windows, and the lifetime is less (7 years is the average lifetime). The dynamic glazing systems have automatic, semi-automatic, or manual switching capabilities, which demand for the integration of actuators for proper functioning. The demand for switchable sunroof glazing is growing nowadays, and the most successful product is the electrochromic automotive mirror, which is available for most major manufacturers of cars. The growing demand of switchable sunroof glazing will escalate the demand of electric vehicle actuator, thereby driving the North America electric vehicle actuator market growth.
Key Market Segments
In terms of type, the hydraulic actuator segment accounted for the largest share of the North America electric vehicle actuator market in 2020. In terms of application, the hood segment held a larger market share of the North America electric vehicle actuator market in 2020. Further, the hybrid electric vehicle (HEV) segment held a larger share of the North America 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 North America 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 North America electric vehicle actuator market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America electric vehicle actuator market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Electric Vehicle Actuator Market Segmentation
North America Electric Vehicle Actuator Market - By Type
- Hydraulic Actuator
- Electric Actuator
- Pneumatic Actuator
North America Electric Vehicle Actuator Market – By Application
- HVAC
- Headlights
- Brakes
- Grill Shutter
- Mirrors
- Hood
- Trunk
- Others
North America 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)
North America Electric Vehicle Actuator Market - By Country
- US
- Canada
- Mexico
North America Electric Vehicle Actuator Market - Company Profiles
- 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
- Stoneridge, Inc.
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. North America Electric Vehicle Actuator Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Electric Vehicle Actuator Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Fuel-Efficient Vehicles
5.1.2 Escalating Demand for Advanced Automation Systems in the Vehicle
5.2 Market Restraints
5.2.1 Rising Scalability Issues and Capital Costs
5.3 Market Opportunities
5.3.1 Growing 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 – North America Analysis
6.1 North America Electric Vehicle Actuator Market Overview
6.2 North America Electric Vehicle Actuator Market Forecast and Analysis
7. North America Electric Vehicle Actuator Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 North America 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. North America Electric Vehicle Actuator Market Revenue and Forecast to 2028 –By Application
8.1 Overview
8.2 North America 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. North America Electric Vehicle Actuator Market Revenue and Forecast to 2028 – Vehicle Type
9.1 Overview
9.2 North America 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. North America Electric Vehicle Actuator Market – Country Analysis
10.1 Overview
10.1.1 North America: Electric Vehicle Actuator Market, by Key Country
10.1.1.1 US: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Electric Vehicle Actuator Market, by Type
10.1.1.1.2 US: Electric Vehicle Actuator Market, by Application
10.1.1.1.3 US: Electric Vehicle Actuator Market, by Vehicle Type
10.1.1.2 Canada: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Electric Vehicle Actuator Market, by Type
10.1.1.2.2 Canada: Electric Vehicle Actuator Market, by Application
10.1.1.2.3 Canada: Electric Vehicle Actuator Market, by Vehicle Type
10.1.1.3 Mexico: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Electric Vehicle Actuator Market, by Type
10.1.1.3.2 Mexico: Electric Vehicle Actuator Market, by Application
10.1.1.3.3 Mexico: Electric Vehicle Actuator Market, by Vehicle Type
11. Impact of COVID-19 Pandemic on North America Electric Vehicle Actuator Market
11.1 North America: 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. North America Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Electric Vehicle Actuator Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Electric Vehicle Actuator Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Electric Vehicle Actuator Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Electric Vehicle Actuator Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Electric Vehicle Actuator Market, by Vehicle Type –Revenue and Forecast to 2028 (Canada$ Million)
Table 9. Mexico: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Electric Vehicle Actuator Market, by Vehicle Type –Revenue and Forecast to 2028 (Mexico$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Electric Vehicle Actuator Market Segmentation
Figure 2. North America Electric Vehicle Actuator Market Segmentation – By Country
Figure 3. North America Electric Vehicle Actuator Market Overview
Figure 4. Hydraulic Actuator Segment held the Largest Share of North America Electric Vehicle Actuator Market
Figure 5. Hood Segment held the Largest Share of North America Electric Vehicle Actuator Market
Figure 6. Hybrid Electric Vehicle (HEV) segment held the Largest Share of North America Electric Vehicle Actuator Market
Figure 7. Mexico to Show Great Traction During Forecast Period
Figure 8. North America – PEST Analysis
Figure 9. North America Electric Vehicle Actuator Market, Ecosystem
Figure 10. North America Electric Vehicle Actuator Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Electric Vehicle Actuator Market Forecast and Analysis (US$ Million)
Figure 12. North America Electric Vehicle Actuator Market Breakdown, By Type, 2020 and 2028 (%)
Figure 13. North America Hydraulic Actuator Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Electric Actuator Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Pneumatic Actuator Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Electric vehicle actuator market Breakdown, By Application (2020 and 2028)
Figure 17. North America HVAC Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Headlights Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Grill Shutter Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Mirrors Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Hood Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Trunk Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Electric Vehicle Actuator Market Breakdown, by Vehicle Type, 2020 and 2028 (%)
Figure 26. North America Battery Electric Vehicle (BEV) Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America Plug-in Hybrid Vehicle (PHEV) Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Hybrid Electric Vehicle (HEV) Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Fuel Cell Electric Vehicle (FCEV) Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Electric Vehicle Actuator Market, by Key Country – Revenue (2020) (USD Million)
Figure 31. North America: Electric Vehicle Actuator Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. US: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in North American Country Markets
- 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
- Stoneridge, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America electric vehicle actuator market.
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- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the electric vehicle actuator market, as well as those hindering it
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