Market Size of Germany Automotive Pneumatic Actuators Industry
Study Period | 2019-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.33 Billion |
Market Size (2029) | USD 1.61 Billion |
CAGR (2024 - 2029) | 3.90 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Germany Automotive Pneumatic Actuators Market Analysis
The Germany Automotive Pneumatic Actuators Market size in terms of Equal-3.9 is expected to grow from USD 1.33 billion in 2024 to USD 1.61 billion by 2029, at a CAGR of 3.9% during the forecast period (2024-2029).
Over the medium term, the growth of fuel-efficient vehicles and the inclusion of advanced driver assistance systems (ADAS), majorly braking and throttle systems (like adaptive cruise control (ACC) and autonomous emergency braking features), in new vehicles and existing vehicles, are the major driving factors for the automotive actuator market.
Owing to the rising penetration and replacement rate of the pneumatic actuator with pure electric and electro-pneumatic actuators, the market studied is expected to grow at a slow rate, especially for the passenger car segment. However, demand for automotive pneumatic actuators in the commercial vehicle segment is expected to grow due to an increase in production and sales of trucks and semi-trailers.
The use of fuel injection actuators and throttle actuators in diesel engine vehicles helps comply with the Euro VI standard. The market for actuators for fuel injection that are directly related to diesel engines is expected to grow with the development of advanced diesel engines.