France Automotive Pneumatic Actuators Market Size, Share, and COVID-19 Impact Analysis, By Propulsion Type (Internal Combustion Engine, Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), By Vehicle Type (Passenger cars, Commercial Vehicles), By Application (Throttle Actuator, Fuel Injection Actuator, Brake Actuator, Other Application Types), and France Automotive Pneumatic Actuators MarketInsights, Industry Trend, Forecasts to 2033.
Industry: Automotive & TransportationFrance Automotive Pneumatic Actuators Market Insights Forecasts to 2033
- The France Automotive Pneumatic Actuators Market Size was Valued at USD 1.05 Billion in 2023
- The France Automotive Pneumatic Actuators Market Size is Growing at a CAGR of 4.10% from 2023 to 2033
- The France Automotive Pneumatic Actuators Market Size is Expected to Reach USD 1.57 Billion by 2033
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The France Automotive Pneumatic Actuators Market Size is anticipated to exceed USD 1.57 Billion by 2033, Growing at a CAGR of 4.10% from 2023 to 2033.
Market Overview
The automotive pneumatic actuators market refers to the industry involved in manufacturing and distributing pneumatic actuators for automotive applications. Automotive pneumatic actuators are devices that use compressed air to give an automobile mechanical motion. They are used in a variety of vehicle systems, including braking, fuel injection, throttle control, and more. Essentially, it translates the energy of compressed air into a force that can be brought into play to control different components and systems of an automobile. There are phenomenal developments in the automotive sector, rapid changes in the technology arena, participation of some of the key industrial players and their collaborative initiatives, and government support oriented to novel solutions for automotive, which are causing the growth of the automotive pneumatic actuator market.
Report Coverage
This research report categorizes the France automotive pneumatic actuators market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France automotive pneumatic actuators market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the automotive pneumatic actuators market.
France Automotive Pneumatic Actuators Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.05 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 4.17% |
2033 Value Projection: | USD 1.57 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 240 |
Tables, Charts & Figures: | 100 |
Segments covered: | By Propulsion Type, By Vehicle Type, By Application |
Companies covered:: | AUTOMAX Sar, AUTEM Industrial Automation, Automatic Valve Réalisation, Cai Actuators, Mubea France SaSu, Schaeffler Vehicle Lifetimes Solutions France SAS, Nexteer Automotive France SAS, FTE automotive France, Univers VE, Modec Moteurs, Pneumatiques & Solutions, Farnell FR - Distributeur De Composants Électroniques, and Others. |
Pitfalls & Challenges: | COVID-19 impact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The regional market for automotive pneumatic actuators has grown moderately due to the increasing adoption of electric vehicles. Moreover, the higher replacement rate of pure electric and electro-pneumatic actuators due to increased vehicle sales and consumer trends toward comfort and safety features in vehicles is likely to enhance the demand for pneumatic actuators in the coming years. In addition, the implementation of new safety regulations by governing bodies, rising environmental concerns, along with favourable government initiatives, are some of the major factors driving the growth of the market.
Restraints & Challenges
The France automotive pneumatic actuators market is being hampered by economic downturns, supply chain disruptions, regulatory challenges, high maintenance costs, and complications during integration.
Market Segmentation
The France automotive pneumatic actuators market share is classified into propulsion type, vehicle type, and application.
- The battery electric vehicle segment accounted for the largest revenue share of the France automotive pneumatic actuators market in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the propulsion type, the France automotive pneumatic actuators market is categorized into internal combustion engine, battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Among these, the battery electric vehicle segment accounted for the largest revenue share of the France automotive pneumatic actuators market in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment growth contributed to the market expansion due to the growing need from local customers, with the integration of high-quality products. The demand for pneumatic actuators was greatly increased by the rising acceptance of plug-in hybrids and the rising acceptance of battery electric vehicles. Moreover, the key industry players would considerable investments in such novel projects for electric vehicles and regional growth of automotive along with expanding infrastructure contributed to the segment growth.
- The passenger cars segment accounted for the largest revenue share of the France automotive pneumatic actuators market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the vehicle type, the France automotive pneumatic actuators market is classified into throttle passenger cars and commercial vehicles. Among these, the passenger cars segment accounted for the largest revenue share of the France automotive pneumatic actuators market in 2023 and is projected to grow at a substantial CAGR during the forecast period. This is due to the increased need for luxury car ownership, strong import-export trade transactions, and a growing consumer preference for small and compact cars that would be purchased for rental purposes are all factors that are anticipated to support the segment growth. Moreover, with the rapid electrification in the automotive industry at a global level there will be an upsurge in the need for electric vehicles. In addition, the government's stringent safety laws about auto parts and components, which aim to phase out inferior imported goods, will help to boost demand for pneumatic actuators throughout the forecast period.
- The brake actuator segment held the largest revenue share of the France automotive pneumatic actuators market in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the France automotive pneumatic actuators market is segmented into throttle actuator, fuel injection actuator, brake actuator, and other application types. Among these, the brake actuator segment held the largest revenue share of the France automotive pneumatic actuators market in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
This is due to the it performs a vital role in vehicle safety and performance, leading to higher requirement need and adoption rates. Further, pneumatic actuators are used in braking systems, among in fleet management owing to the prediction that more safety attributes such as ABS and ESC will add up to the requirements within the vehicle.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the France automotive pneumatic actuators market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- AUTOMAX Sar
- AUTEM Industrial Automation
- Automatic Valve Réalisation
- Cai Actuators
- Mubea France SaSu
- Schaeffler Vehicle Lifetimes Solutions France SAS
- Nexteer Automotive France SAS
- FTE automotive France
- Univers VE
- Modec Moteurs
- Pneumatiques & Solutions
- Farnell FR - Distributeur De Composants Électroniques
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Developments
- In September 2023, in order to make complex vehicle functions easier to operate, Marelli introduced a new line of smart actuators specifically designed for electric vehicles. An electronic module that links to the vehicle's electronic network and controls the gadget is included with the new smart actuators.
Market Segment
This study forecasts revenue at France, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the France automotive pneumatic actuators market based on the below-mentioned segments:
France Automotive Pneumatic Actuators Market, By Propulsion Type
- Internal Combustion Engine
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
France Automotive Pneumatic Actuators Market, By Vehicle Type
- Passenger Cars
- Commercial Vehicle
France Automotive Pneumatic Actuators Market, By Application
- Throttle Actuator
- Fuel Injection Actuator
- Brake Actuator
- Other Application Types
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