Market Share of China Automotive Actuators Industry
China's automotive actuators market is dominated by several key players such as Continental AG, Robert Bosch GmbH, Nidec Corporation, DensCorporationon, and Others. Several Key players are expanding their presence across the country, which in turn is likely to witness major growth for the market during the forecast period.
For instance, in February 2023, Nidec Corporation announced an expansion of its research and development facility in China. The research and development facility looks into actuators for automotive applications.
In March 2022, Mitsubishi Electric Corporation opened the Collaborative Engineering Center (China)' within its local subsidiary Mitsubishi Electric Automation (China) Ltd. Through this expansion, the company enhanced its product portfolio across the country.
In October 2021, Hella GmbH & Co. KGaA expanded the vehicle electronics factory in Shanghai to meet the rising demand for key auto components. Through this expansion, the company doubled its production capacity of automotive components.
China Automotive Actuators Market Leaders
Denso Corporation
Nidec Corporation
Continental AG
Robert Bosch GmbH
BorgWarner Inc.
*Disclaimer: Major Players sorted in no particular order
