Global Automotive Solenoid Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 273
- CATEGORY
- Automotive & Transportation
Market Overview:
The Global Automotive Solenoid Market size was valued at USD 4.9 Billion in 2021 and is projected to grow at a CAGR of 5.6% during the forecast period. An automotive solenoid is a type of electromechanical device that is used to convert electrical energy into mechanical force or motion. It consists of a coil of wire that is wound around a magnetic core and is used to generate a magnetic field when an electric current is passed through it. The magnetic field produced by the solenoid can be used to move a mechanical component such as a valve, switch or actuator in a vehicle's engine, transmission, or other systems. Automotive solenoids are widely used in modern vehicles to control various functions such as fuel injection, ignition timing, transmission shifting, and emissions control. They are an essential component of automotive electronics and play a crucial role in ensuring the proper operation and performance of a vehicle.
Covid-19 Impact:
The global automotive solenoid market has been significantly impacted by the COVID-19 pandemic. The outbreak of the pandemic and subsequent lockdown measures imposed by governments worldwide led to a decline in demand for automobiles, which, in turn, affected the demand for automotive solenoids. The automotive industry witnessed a sharp decline in sales, production, and supply chain disruptions due to the pandemic, which led to a decline in the demand for automotive solenoids.
The closure of manufacturing facilities and disruption in the supply chain impacted the production and supply of automotive solenoids, resulting in delays in product delivery and increased costs. Moreover, the economic uncertainty caused by the pandemic led to a decrease in consumer spending, which further affected the demand for automobiles and automotive solenoids.
However, as the automotive industry is gradually recovering from the impact of the pandemic, the demand for automotive solenoids is expected to rebound in the coming years. The growing demand for electric vehicles and advanced driver assistance systems (ADAS) is expected to drive the demand for automotive solenoids in the future. The increased focus on fuel efficiency and emissions reduction is also expected to boost the demand for automotive solenoids in the coming years.
In conclusion, the COVID-19 pandemic has had a significant impact on the global automotive solenoid market, with the decline in automotive sales and production leading to a decline in demand for automotive solenoids. However, as the automotive industry recovers from the pandemic, the demand for automotive solenoids is expected to rebound in the coming years.
Market Dynamics:
Drivers:
Growing demand for electric vehicles: The increasing adoption of electric vehicles (EVs) is expected to drive the demand for automotive solenoids. EVs use solenoids for various functions such as motor control, battery management, and charging, which is expected to fuel the demand for automotive solenoids.
Increasing adoption of advanced driver assistance systems (ADAS): The growing adoption of ADAS, such as automated emergency braking, lane departure warning, and adaptive cruise control, is expected to drive the demand for automotive solenoids. Solenoids are used in ADAS to control various functions such as braking and steering, which is expected to fuel the demand for automotive solenoids.
Stringent government regulations: The increasing focus on fuel efficiency and emissions reduction is expected to drive the demand for automotive solenoids. Governments worldwide are implementing stringent regulations to reduce greenhouse gas emissions and improve fuel efficiency, which is expected to increase the demand for automotive solenoids.
Growing automotive industry: The growing automotive industry, especially in emerging economies such as China and India, is expected to drive the demand for automotive solenoids. The increasing demand for automobiles, especially passenger cars and commercial vehicles, is expected to fuel the demand for automotive solenoids.
Advancements in solenoid technology: The advancements in solenoid technology, such as the development of smaller and more efficient solenoids, are expected to drive the demand for automotive solenoids. The increasing focus on lightweight and compact designs is expected to boost the demand for automotive solenoids in the coming years.
Restraints:
Fluctuating raw material prices: The volatility of raw material prices, such as copper and steel, could impact the profitability of automotive solenoid manufacturers. Any increase in the prices of raw materials could lead to increased production costs, which could lead to higher prices for automotive solenoids, thus reducing their demand.
Intense competition: The automotive solenoid market is highly competitive, with numerous global and regional players competing for market share. The intense competition could lead to price wars, which could impact the profitability of the manufacturers.
Dependence on automotive industry: The automotive solenoid market is highly dependent on the automotive industry, which is subject to cyclical fluctuations. Any downturn in the automotive industry could impact the demand for automotive solenoids, leading to reduced revenue for manufacturers.
Regional Analysis:
North America: The North American market for automotive solenoids is expected to grow due to the increasing demand for electric vehicles and advanced driver assistance systems. The United States is expected to be the largest market in the region, driven by the presence of major automotive manufacturers and the growing demand for EVs.
Europe: Europe is expected to be a significant market for automotive solenoids due to the stringent regulations aimed at reducing greenhouse gas emissions and improving fuel efficiency. The growing adoption of EVs and ADAS is also expected to drive the demand for automotive solenoids in the region. Germany, France, and the United Kingdom are expected to be the major markets in the region.
Asia Pacific: Asia Pacific is expected to be the largest market for automotive solenoids due to the growing automotive industry and the increasing demand for passenger cars and commercial vehicles. The region is also witnessing significant investments in electric vehicle infrastructure and charging stations, which is expected to drive the demand for automotive solenoids. China, Japan, and India are expected to be the major markets in the region.
Latin America: The Latin American market for automotive solenoids is expected to grow due to the growing automotive industry and increasing investments in electric vehicles. Brazil and Mexico are expected to be the major markets in the region.
Middle East and Africa: The Middle East and Africa are expected to witness moderate growth in the automotive solenoid market due to the growing demand for commercial vehicles and investments in infrastructure development. The United Arab Emirates and South Africa are expected to be the major markets in the region.
Market Segmentation:
By type:
· Linear solenoid
· Rotary solenoid
By application:
· Transmission control valve
· Engine management system
· Power steering system
· Antilock braking system (ABS)
· Others (fuel system, HVAC system, etc.)
By vehicle type:
· Passenger vehicles
· Commercial vehicles
By region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Competitive Landscape:
The global automotive solenoid market is highly competitive with the presence of several established and emerging players.
Some of the key players in the market include:
Robert Bosch GmbH
Hitachi Ltd.
Mitsubishi Electric Corporation
Denso Corporation
Delphi Technologies
Johnson Electric Holdings Limited
BorgWarner Inc.
Continental AG
Valeo SA
Mahle GmbH
These companies are focusing on strategic partnerships, collaborations, and mergers and acquisitions to expand their market presence and increase their customer base. They are also investing heavily in R&D activities to develop innovative and advanced automotive solenoids to meet the increasing demand for electric vehicles and ADAS.
The market is also witnessing the entry of several new players, which is expected to increase the competition further. The increasing focus on reducing greenhouse gas emissions and improving fuel efficiency is expected to drive the demand for automotive solenoids, creating growth opportunities for both established and emerging players.
In conclusion, the global automotive solenoid market is highly competitive with the presence of several established and emerging players. The market is expected to witness significant growth in the coming years, driven by the increasing demand for electric vehicles, ADAS, and stringent regulations aimed at reducing greenhouse gas emissions and improving fuel efficiency. The key players in the market are focusing on strategic partnerships, collaborations, and mergers and acquisitions to expand their market presence and increase their customer base.
Global Automotive Solenoid Market: Regional AnalysisThe countries covered in the regional analysis of the Global Automotive Solenoid market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Automotive Solenoid market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Solenoid would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Automotive Solenoid Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Automotive Solenoid Revenue
1.4 Market Analysis by Type
1.4.1 Global Automotive Solenoid Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Headlamp Solenoid
1.4.3 Air Conditioning System Solenoid
1.5 Market by Application
1.5.1 Global Automotive Solenoid Market Share by Application: 2023-2032
1.5.2 Passenger vehicle
1.5.3 Light commercial vehicle
1.5.4 Heavy commercial vehicle
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Automotive Solenoid Market
1.8.1 Global Automotive Solenoid Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Automotive Solenoid Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Automotive Solenoid Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Automotive Solenoid Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Automotive Solenoid Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Automotive Solenoid Sales Volume Market Share by Region (2017-2022)
3.2 Global Automotive Solenoid Sales Revenue Market Share by Region (2017-2022)
3.3 North America Automotive Solenoid Sales Volume
3.3.1 North America Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.3.2 North America Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Automotive Solenoid Sales Volume
3.4.1 East Asia Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Automotive Solenoid Sales Volume (2017-2022)
3.5.1 Europe Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Automotive Solenoid Sales Volume (2017-2022)
3.6.1 South Asia Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Automotive Solenoid Sales Volume (2017-2022)
3.7.1 Southeast Asia Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Automotive Solenoid Sales Volume (2017-2022)
3.8.1 Middle East Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Automotive Solenoid Sales Volume (2017-2022)
3.9.1 Africa Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Automotive Solenoid Sales Volume (2017-2022)
3.10.1 Oceania Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Automotive Solenoid Sales Volume (2017-2022)
3.11.1 South America Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.11.2 South America Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Automotive Solenoid Sales Volume (2017-2022)
3.12.1 Rest of the World Automotive Solenoid Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Automotive Solenoid Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Automotive Solenoid Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Automotive Solenoid Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Automotive Solenoid Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Automotive Solenoid Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Automotive Solenoid Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Automotive Solenoid Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Automotive Solenoid Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Automotive Solenoid Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Automotive Solenoid Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Automotive Solenoid Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Automotive Solenoid Sales Volume Market Share by Type (2017-2022)
14.2 Global Automotive Solenoid Sales Revenue Market Share by Type (2017-2022)
14.3 Global Automotive Solenoid Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Automotive Solenoid Consumption Volume by Application (2017-2022)
15.2 Global Automotive Solenoid Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Automotive Solenoid Business
16.1 Bosch
16.1.1 Bosch Company Profile
16.1.2 Bosch Automotive Solenoid Product Specification
16.1.3 Bosch Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Delphi Automotive
16.2.1 Delphi Automotive Company Profile
16.2.2 Delphi Automotive Automotive Solenoid Product Specification
16.2.3 Delphi Automotive Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Hitachi
16.3.1 Hitachi Company Profile
16.3.2 Hitachi Automotive Solenoid Product Specification
16.3.3 Hitachi Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Johnson Electric
16.4.1 Johnson Electric Company Profile
16.4.2 Johnson Electric Automotive Solenoid Product Specification
16.4.3 Johnson Electric Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Mitsubishi Electric
16.5.1 Mitsubishi Electric Company Profile
16.5.2 Mitsubishi Electric Automotive Solenoid Product Specification
16.5.3 Mitsubishi Electric Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 BorgWarner
16.6.1 BorgWarner Company Profile
16.6.2 BorgWarner Automotive Solenoid Product Specification
16.6.3 BorgWarner Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Continental Hydraulics
16.7.1 Continental Hydraulics Company Profile
16.7.2 Continental Hydraulics Automotive Solenoid Product Specification
16.7.3 Continental Hydraulics Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Infineon Technologies
16.8.1 Infineon Technologies Company Profile
16.8.2 Infineon Technologies Automotive Solenoid Product Specification
16.8.3 Infineon Technologies Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 TLX Technologies
16.9.1 TLX Technologies Company Profile
16.9.2 TLX Technologies Automotive Solenoid Product Specification
16.9.3 TLX Technologies Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Rotex Automation
16.10.1 Rotex Automation Company Profile
16.10.2 Rotex Automation Automotive Solenoid Product Specification
16.10.3 Rotex Automation Automotive Solenoid Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Automotive Solenoid Manufacturing Cost Analysis
17.1 Automotive Solenoid Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Automotive Solenoid
17.4 Automotive Solenoid Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Automotive Solenoid Distributors List
18.3 Automotive Solenoid Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Automotive Solenoid (2023-2032)
20.2 Global Forecasted Revenue of Automotive Solenoid (2023-2032)
20.3 Global Forecasted Price of Automotive Solenoid (2017-2032)
20.4 Global Forecasted Production of Automotive Solenoid by Region (2023-2032)
20.4.1 North America Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.3 Europe Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.7 Africa Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.9 South America Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Automotive Solenoid Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Automotive Solenoid by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Automotive Solenoid by Country
21.2 East Asia Market Forecasted Consumption of Automotive Solenoid by Country
21.3 Europe Market Forecasted Consumption of Automotive Solenoid by Countriy
21.4 South Asia Forecasted Consumption of Automotive Solenoid by Country
21.5 Southeast Asia Forecasted Consumption of Automotive Solenoid by Country
21.6 Middle East Forecasted Consumption of Automotive Solenoid by Country
21.7 Africa Forecasted Consumption of Automotive Solenoid by Country
21.8 Oceania Forecasted Consumption of Automotive Solenoid by Country
21.9 South America Forecasted Consumption of Automotive Solenoid by Country
21.10 Rest of the world Forecasted Consumption of Automotive Solenoid by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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