Saudi Arabia Automotive Actuators Market Report and Forecast 2024-2032

Saudi Arabia Automotive Actuators Market Outlook

The Saudi Arabia automotive actuators market size reached approximately USD 215.57 million in 2023. The market is projected to grow at a CAGR of 7.30% between 2024 and 2032, reaching a value of around USD 404.96 million by 2032.

Key Trends in the Market

Automotive actuators are crucial parts of electronic control systems and hydraulic systems in a vehicle. These actuators ensure the proper functioning of different components and systems within an automobile. They are responsible for converting an input signal, typically from the vehicle's control unit or driver's input, into a specific action or movement.

• In recent years, Saudi Arabia has experienced significant economic growth, followed by the rising urban development. This development has increased the disposable incomes of the population, especially in the middle-class demographic. Hence, the Saudi Arabia automotive actuators market demand can be attributed to the growing ownership of vehicles.

• The rising research and development activities to manufacture electric actuators have been a major factor supporting the expansion of the market. OEMs (Original Equipment Manufacturers) are increasingly focusing on the production of electric actuators to provide enhanced safety and comfort to passengers. Moreover, the Saudi Arabia automotive actuators market growth is expected to further broaden with the implementation of an emergency fail safe unit.

• Owing to the growing emphasis on sustainability, there's an increased push for cleaner and more efficient transportation solutions in the country. Some significant Saudi Arabia automotive actuators market trends are increasing focus on promoting EV adoption and improving fuel efficiency of vehicles. These efforts are expected to influence the design and functionality of automotive actuators to align with eco-friendly goals.

Market Analysis

Based on type, the market is segmented into pneumatic actuator, hydraulic actuator, and electric actuator, among others. The Saudi Arabia automotive actuators market segmentation, based on product type, include throttle actuator, seat adjustment actuator, brake actuator, and fuel injection actuator, among others.

The market, based on vehicle type, is divided into passenger car and commercial vehicle. Based on the sales channel, the market is categorised into original equipment manufacturer (OEM) and aftermarket. The major regional markets for automotive actuators are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia automotive actuators market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Continental AG   

• Robert Bosch GmbH 

• ZF Friedrichshafen AG 

• Johnson Electric Holdings Limited. 

• Denso Corporation 

• Mitsubishi Electric Corporation 

• SMC Corporation 

• HELLA GmbH & Co. KGaA 

• Dorman Products, Inc.

• Others

Market Share by Type

Owing to the numerous advantages over traditional hydraulic and pneumatic actuators, electric actuators are likely to account for a significant portion of the Saudi Arabia automotive actuators market share in the coming years. Electric actuators are playing a significant role in driving the market growth due to benefits such as energy efficiency, precise control, eco-friendly, and remote operation, and automation.

Market Share by Product Type

According to the Saudi Arabia automotive actuators market analysis, throttle actuators are likely to experience significant growth during the forecast period. Throttle actuators are components used in internal combustion engines to control the amount of air entering the engine, thus regulating the engine's power output. These actuators play a crucial role in optimising engine performance, fuel efficiency, and emissions.

Competitive Landscape

Continental AG, often known simply as Continental, stands as a prominent German multinational enterprise with a core focus on crafting an array of automotive components, systems, and cutting-edge technologies. With its foundation dating back to 1871, Continental has undergone a remarkable evolution, positioning itself as a foremost global supplier within the automotive sector.

Robert Bosch GmbH is a multinational engineering and technology company headquartered in Gerlingen, Germany. The company was founded in the year 1886 and has since developed to operate in four different business fields including mobility solutions, industrial technology, consumer goods, and energy and building technology. It is also a leading provider of innovative IoT services for smart homes, Industry 4.0, and connected mobility.

ZF Friedrichshafen AG is a global company active in the motor vehicle technology company. It is headquartered in Friedrichshafen, Germany and since its foundation in 1915, has become a leading supplier of systems for passenger cars, commercial vehicles, and industrial technology. The company has become one of the largest automotive suppliers in the world and is known for its innovative contributions to the automotive and industrial sectors.

Other Saudi Arabia automotive actuators market players include Johnson Electric Holdings Limited., Denso Corporation, Mitsubishi Electric Corporation, SMC Corporation, HELLA GmbH & Co. KGaA, and Dorman Products, Inc., among others.

Key Highlights of the Report