Canada Automotive Actuators Market Size

Statistics for the 2023 & 2024 Canada Automotive Actuators market size, created by Mordor Intelligence™ Industry Reports. Canada Automotive Actuators size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Canada Automotive Actuators Industry

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Canada Automotive Actuator Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.90 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Canada Automotive Actuators Market Analysis

The Canada Automotive Actuators Market is expected to register a CAGR of 7.9% during the forecast period, 2020-2025.

Currently, the market for automotive actuators is primarily driven by rising automation and digitalization. Increased demand for fuel efficiency and growing demand for comfort, especially in passenger vehicles, is driving the growth of the automotive actuators market.

Although, in 2019, the growth of passenger and commercial vehicle sales has reduced. But OEM are still making electric actuators as one of the main areas of focus to improve passenger's safety and comfort. As a part of that effort, electric actuators have also gained significant attention in recent years.

For instance, actuators are used in seats for adjusting lumbar support systems, seat positioning, angles, and for seat track actuators. Several automotive seat adjustment actuators are available in the market, such as geared motors for recliner adjustment, double output shaft for track drives, and linear actuators for height and tilt adjustments. Also, in Canada, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in the seat adjustment actuators segment.

Canada Automotive Actuators Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)