North America Automotive Hydraulic Actuators Market Report and Forecast 2024-2032

North America Automotive Hydraulic Actuators Market Outlook

The North America automotive hydraulic actuators market size is expected to grow at a CAGR of 4.30% between 2024 and 2032.

Key Takeaways:

• The automotive sector significantly bolsters the United States economy, accounting for an estimated 3-3.5% of the nation's GDP in 2020. During the same year, approximately 8.8 million vehicles were manufactured within the US automotive industry.

• As of 2021, the United States stands as the second-largest automobile market globally, with sales totalling 15.8 million units. Notably, electric vehicle sales in the US surged to 328,000 units in 2020.

The automotive industry is witnessing a surge in demand for vehicles equipped with advanced features and connectivity, driven by increasing automation and digitalisation. Modern passenger vehicles are equipped with a multitude of motors to control various applications, ranging from headlight positioning to HVAC systems. Actuators, essential components in these systems, are experiencing heightened demand as they convert electric signals into the necessary physical movements. With the evolution of technology, autonomous vehicles are expected to integrate multiple actuators to enhance safety and comfort.

The automotive hydraulic actuators market in North America is witnessing continuous growth, propelled by the steady increase in automobile production and sales worldwide. Actuators, along with sensors, software programs, and controller hardware, form the backbone of present and future automotive systems. Hydraulic actuators, utilizing hydraulic fluid to generate linear or rotary motion, find applications in power steering, transmissions, and brakes. These actuators are categorized into direct-acting and indirect-acting types, both essential for various automotive functions.

The rising demand for fuel-efficient cars is driving the popularity of automotive hydraulic actuators, as they contribute to reducing fuel consumption while providing superior power and control. Additionally, stringent regulations concerning vehicle safety are further boosting the demand for these actuators. The North America automotive hydraulic actuators market development is expected to witness accelerated growth, fuelled by technological advancements, increasing vehicle electrification, and the pursuit of enhanced fuel efficiency. Actuators play a crucial role in electric powertrain systems, contributing to the rising adoption of electric vehicles and subsequently driving market growth. Overall, the expansion of the automotive hydraulic actuators market is driven by a combination of technological innovation, regulatory compliance, and evolving consumer preferences in the automotive sector.

Market Segmentation

North America Automotive Hydraulic Actuators Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Application

• Throttle 

• Seat Adjustment 

• Brake 

• Closure

• Others

Market Breakup by Vehicle Type

• Passenger Car

• Commercial Vehicle

Market Breakup by Sales Channel

• OEM

• Aftermarket

Market Breakup by Country

• United States of America

• Canada

Competitive Landscape

The market is influenced by technological advancements, changing regulatory landscape and consumer preferences.

• Continental AG

• Johnson Electric Holdings Limited

• HELLA GmbH & Co. KGaA 

• CTS Corporation  

• Valeo SE 

• ZF Friedrichshafen AG

• Others

Key Highlights of the Report