Market Size of France Automotive Pneumatic Actuators Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.07 Billion |
| Market Size (2029) | USD 1.31 Billion |
| CAGR (2024 - 2029) | 4.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Automotive Pneumatic Actuators Market Analysis
The France Automotive Pneumatic Actuators Market size is estimated at USD 1.03 billion in 2023, and is expected to reach USD 1.26 billion by 2028, growing at a CAGR of 4.10% during the forecast period (2023-2028).
Over the medium term, the rising environmental concerns, coupled with favorable government initiatives, are some of the major factors driving the electric vehicle market growth. Rising energy costs and competition among emerging energy efficiency technologies are expected to further propel the market growth during the forecast period.
Due to the rising adoption and higher replacement rate of pure electric and electro-pneumatic actuators, the market for pneumatic actuators is projected to experience moderate growth, particularly in the passenger car segment.
A rise in vehicle sales and an increase in consumer trends towards comfort and safety features in vehicles is likely to enhance the demand for pneumatic actuators in the coming years. Implementation of new safety regulations by governing bodies is anticipated to remain a prominent market-driving factor for the market.
