Market Trends of Germany Automotive Pneumatic Actuators Industry
Throttle Actuator Witnessing Major Growth
The throttle actuator is a DC motor that aids in the precise and efficient rotation of certain parts. Advanced fuel management systems, including integrated throttle control units, are typically utilized in traditional diesel engines. These engines are popular due to their higher efficiency, improved functionality, increased operational safety, and reduced carbon emissions.
Advanced throttle actuators provide the ability to integrate control with other vehicle functions. These systems in SUVs allow the engine speed to be monitored for smooth driving over different terrains.
The rising demand for electric vehicles is driving the growth of the automotive pneumatic actuator market. Throttle actuators are used in electric vehicles to regulate the flow of air and enhance battery efficiency. With the increasing demand for electric vehicles, the demand for throttle actuators is also expected to rise.
Advancements in technology have facilitated the creation of advanced throttle actuators that offer greater control and precision. These actuators come equipped with sensors and electronics that enable them to make precise adjustments to the air intake, resulting in better fuel efficiency and engine performance.
The increasing demand for throttle actuators in the automotive pneumatic actuator market is being driven by the need for better fuel efficiency, reduced emissions, and the rising popularity of electric vehicles. As technology advances, the demand for more advanced throttle actuators is expected to keep growing in the near future. In conclusion, the market for throttle actuators is set to experience a significant expansion in the coming years.
Rise in Passenger Car Sales Across the Country
Germany is known for its outstanding automotive industry and engineering excellence. From Asia to the Americas, German automobiles exemplify highly valued values such as innovation, dependability, safety, and design. Germany is by far Europe's largest production and sales market.
The country's world-class R&D infrastructure, complete industry value chain integration, and highly qualified workforce create an automotive environment that is unrivaled in the world. It allows businesses to create cutting-edge technologies that perfectly address tomorrow's mobility needs.
The need for fuel efficiency and vehicle performance is driving up demand for lightweight automotive components in the luxury or premium vehicle sector. Additionally, changing consumer preferences for smart vehicles, rising disposable income, and increased technology adoption in automobiles are some of the factors driving the automotive pneumatic actuator market.
According to the Germany Federal Motor Vehicle Office (KBA), the number of new passenger car registrations in November decreased by 5.7% compared to the previous year, with a total of 245,701 units sold. In November 2023, Volkswagen's sales of 47,279 units increased by 1.0% compared to the previous year, while Mercedes's sales of 24,446 units decreased by 11.4%. BMW's sales of 21,981 units increased by 15.8%, Audi's sales of 21,603 units decreased by 2.0%, and Skoda's sales of 15,836 units increased by 41.1%. Opel's sales of 12,571 units decreased by 1.8%.
Electric vehicles that are sustainable and environmentally friendly are attracting customers, this factor may be to the automotive fastener market. Manufacturers in the automotive fasteners market should focus on delivering high-quality products to improve vehicle performance and fuel efficiency. According to the International Energy Agency, EV sales increased by 30% in 2022 compared to the previous year.
With the development mentioned above across the country, the demand for passenger cars is likely to grow, which in turn is anticipated to boost the market during the forecast period.
