The Europe electric vehicle actuator market is expected to grow from US$ 135.02 million in 2020 to US$ 260.41 million by 2028; it is estimated to grow at a CAGR of 8.1 % from 2021 to 2028.
The Germany, France, Italy, UK, and Russia are major economies in Europe. Rising demand for advanced automation systems in the vehicle is expected to escalate the Europe electric vehicle actuator market. The integration of automotive actuators for performing various functions, such as HVAC, braking, throttling, operating the headlight, closures, and electronic clutch actuation in vehicles, is boosting the Europe market growth. With the advancement in technology, the automotive manufacturers are investing on integrating the advanced system in the vehicles such as power window, hood openers, advanced braking system, and headlights. Also, there is increased technological advancements, such as the advanced driver assistance systems (ADAS), like the automated brake assist, lane keep assist, and adaptive cruise control (ACC) in the vehicles. At present, advanced features such as the adaptive front-lighting system (AFS), adaptive cruise control (ACC), and advanced driver assistance systems (ADAS), are being majorly deployed in modern vehicles, which are integrated with different actuators to perform unique tasks to comfort the driver as well as passengers. The increasing demand for safety features, such as telematics, collision avoidance systems, electronic stability control, tire pressure monitors, lane departure warnings, traction control, airbags, and parking assistance, is in demand owing to the rising number of road accidents. The vehicles with an installed advanced technological system can detect and categorize specific objects on the road, alert the driver corresponding to the road conditions, and at times automatically decelerate or stop the vehicle. Thus, technological advancements in the multifunctional system's automotive and production are projected to drive the growth of the Europe electric vehicle actuator market
In case of COVID-19, Europe is highly affected specially the UK. The outbreak of the virus has distrusted the supply chain in various countries in this region. The member states of Europe such as Italy, Spain and Germany have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent a major share in the market as this region has the highest road safety standards in world. However, due the disrupted supply chain of hardware components of electric vehicle actuator, the market has been significantly affected as deployment of electric vehicle actuator has been delayed. However, due to COVID-19, the manufacturing of various consumer electronics devices and production of automobiles have seen a sharp decline in European countries and is expected to be under stress in 2020 and it will require time to stabilize. Furthermore, the recent imposition of containment measure owing to the spread of newly mutated strain might further hamper the market in this region. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the electric vehicle actuator market till first two quarters of 2021.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe electric vehicle actuator market. The Europe electric vehicle actuator market is expected to grow at a good CAGR during the forecast period.
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Europe Electric Vehicle Actuator Market Segmentation
Europe Electric Vehicle Actuator Market – By Type
- Hydraulic Actuator
- Electric Actuator
- Pneumatic Actuator
Europe Electric Vehicle Actuator Market – By Application
- HVAC
- Headlights
- Brakes
- Grill Shutter
- Mirrors
- Hood
- Trunk
- Others
Europe 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)
Europe Electric Vehicle Actuator Market, by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Electric Vehicle Actuator Market -Companies Mentioned
- 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
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. Europe Electric Vehicle Actuator Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Electric Vehicle Actuator Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Adoption of Fuel-Efficient Vehicles
5.1.2 Rising Demand for Advanced Automation Systems in the Vehicle
5.2 Market Restraints
5.2.1 Increasing Scalability Issues and Capital Costs
5.3 Market Opportunities
5.3.1 Mounting Adoption of Switchable Electrochromic and Glazing Sunroof
5.4 Future Trends
5.4.1 Escalating Investments to Acquire Intra-Vehicle Connectivity Data
5.5 Impact Analysis of Drivers and Restraints
6. Electric Vehicle Actuator Market – Europe Analysis
6.1 Europe Electric Vehicle Actuator Market Overview
6.2 Europe Electric Vehicle Actuator Market Forecast and Analysis
7. Europe Electric Vehicle Actuator Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 Europe 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. Europe Electric Vehicle Actuator Market Revenue and Forecast to 2028 –By Application
8.1 Overview
8.2 Europe 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. Europe Electric Vehicle Actuator Market Revenue and Forecast to 2028 – By Vehicle Type
9.1 Overview
9.2 Europe 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. Europe Electric Vehicle Actuator Market – Country Analysis
10.1 Overview
10.1.1 Europe: Electric Vehicle Actuator Market, by Key Country
10.1.1.1 Germany: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Electric Vehicle Actuator Market, by Type
10.1.1.1.2 Germany: Electric Vehicle Actuator Market, by Application
10.1.1.1.3 Germany: Electric Vehicle Actuator Market, by Vehicle Type
10.1.1.2 France: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Electric Vehicle Actuator Market, by Type
10.1.1.2.2 France: Electric Vehicle Actuator Market, by Application
10.1.1.2.3 France: Electric Vehicle Actuator Market, by Vehicle Type
10.1.1.3 Italy: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Electric Vehicle Actuator Market, by Type
10.1.1.3.2 Italy: Electric Vehicle Actuator Market, by Application
10.1.1.3.3 Italy: Electric Vehicle Actuator Market, by Vehicle Type
10.1.1.4 UK: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Electric Vehicle Actuator Market, by Type
10.1.1.4.2 UK: Electric Vehicle Actuator Market, by Application
10.1.1.4.3 UK: Electric Vehicle Actuator Market, by Vehicle Type
10.1.1.5 Russia: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Electric Vehicle Actuator Market, by Type
10.1.1.5.2 Russia: Electric Vehicle Actuator Market, by Application
10.1.1.5.3 Russia: Electric Vehicle Actuator Market, by Vehicle Type
10.1.1.6 Rest of Europe: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Electric Vehicle Actuator Market, by Type
10.1.1.6.2 Rest of Europe: Electric Vehicle Actuator Market, by Application
10.1.1.6.3 Rest of Europe: Electric Vehicle Actuator Market, by Vehicle Type
11. Impact of COVID-19 Pandemic on Europe Electric Vehicle Actuator Market
11.1 Europe: 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. Europe Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Electric Vehicle Actuator Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Electric Vehicle Actuator Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Electric Vehicle Actuator Market Segmentation
Figure 2. Europe Electric Vehicle Actuator Market Segmentation – By Country
Figure 3. Europe Electric Vehicle Actuator Market Overview
Figure 4. Hydraulic Actuator Segment held the Largest Share of Europe Electric Vehicle Actuator Market
Figure 5. Hood Segment held the Largest Share of Europe Electric Vehicle Actuator Market
Figure 6. Hybrid Electric Vehicle (HEV) segment held the Largest Share of Europe Electric Vehicle Actuator Market
Figure 7. UK to Show Great Traction During Forecast Period
Figure 8. Europe – PEST Analysis
Figure 9. Europe Electric Vehicle Actuator Market, Ecosystem
Figure 10. Europe Electric Vehicle Actuator Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Electric Vehicle Actuator Market Forecast and Analysis (US$ Million)
Figure 12. Europe Electric Vehicle Actuator Market Breakdown, By Type, 2020 and 2028 (%)
Figure 13. Europe Hydraulic Actuator Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Electric Actuator Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Pneumatic Actuator Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Electric vehicle actuator market Breakdown, By Application (2020 and 2028)
Figure 17. Europe HVAC Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Headlights Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Grill Shutter Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Mirrors Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Hood Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Trunk Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Electric Vehicle Actuator Market Breakdown, by Vehicle Type, 2020 and 2028 (%)
Figure 26. Europe Battery Electric Vehicle (BEV) Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe Plug-in Hybrid Vehicle (PHEV) Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe Hybrid Electric Vehicle (HEV) Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe Fuel Cell Electric Vehicle (FCEV) Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: Electric Vehicle Actuator Market, by Key Country – Revenue (2020) (USD Million)
Figure 31. Europe: Electric Vehicle Actuator Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. Germany: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. France: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Italy: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. UK: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Russia: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of Europe: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in Europe 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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