Market Size of India Automotive Pneumatic Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Automotive Pneumatic Actuators Market Analysis
India's Automotive Pneumatic Actuators Market was valued at USD 1.63 billion in the current year and is projected to grow to USD 2.56 billion by the next five years, registering a CAGR of 7.8% in terms of revenue during the forecast period.
Over the medium term, the increasing demand for fuel-efficient vehicles, along with the rising demand for advanced actuator products among buyers, is compelling the major manufacturers to invest in R&D activities, which in turn is likely to witness major growth for the market during the forecast period.
The rising consumer trend toward vehicle comfort and safety systems in vehicles such as ventilated seats, recliners, and others is likely to enhance the demand for pneumatic actuators in the coming years. Electric vehicles in the country have gone up, which will likely have a positive impact on the market.
The rise in passenger car sales across the country is likely to enhance the demand for pneumatic actuators. Passenger cars are equipped with motors with various applications such as Throttle, brakes, headlight positioning, and HVAC systems. Engine actuator maximizes the potential of modern engine management, offering consistency and improved performance, thus reducing CO2 emissions from vehicles of all classes. As a result, automotive actuators will likely continue to experience a higher deployment in various automotive applications.
