Mexico Automotive Electric Actuators Market Size

Statistics for the 2023 & 2024 Mexico Automotive Electric Actuators market size, created by Mordor Intelligence™ Industry Reports. Mexico Automotive Electric Actuators size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Mexico Automotive Electric Actuators Industry

Mexico Automotive Electric Actuators Marke
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.30 %
Market Concentration Medium

Major Players


*Disclaimer: Major Players sorted in no particular order


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Mexico Automotive Electric Actuators Market Analysis

The Mexico Automotive Electric Actuators Market is expected to register a CAGR of 6.3% during the forecast period, 2020-2025.

Currently, the market for automotive electric actuators is primarily driven by rising automation and digitalization. Increased demand for fuel efficiency and growing demand for comfort, especially in passenger vehicles, is driving the growth of the automotive electric actuators market.

Many high-end models are offering small electric actuators, also known as mini actuators. Mini electric linear actuators are becoming popular because their energy conversion rate is much higher for different kinds of linear motion.

For instance, most automotive headlights maintain a fixed position mounted on an aligned orientation of the vehicle. However, high-end manufacturers are providing mini actuators that allow the headlights to move either up and down and helps focus the light on curving or undulating road surfaces. Since mini actuators can be fitted in compact spaces due to its small size, there are preferred over standard actuators. Also, the conversion of energy into linear motion, while providing perfect linear actuation is desirable for luxury manufacturers. Also, in Mexico, there is a rise in the sales of SUVs and premium vehicles, resulting in the growth in other electric actuators segments.

Mexico Automotive Electric Actuators Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)