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

The Mexico Automotive Pneumatic Actuator Market Report is Segmented by Application Type (Throttle Actuator, Fuel Injection Actuator, Brake Actuator, And Others), And by Vehicle Type (Passenger Cars and Commercial Vehicles). The Report Offers Market Size and Forecasts for Construction Equipment in Value (USD) and Volume (Units) for all the Above Segments.

Mexico Automotive Pneumatic Actuators Market Size

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Mexico Automotive Pneumatic Actuators Market Summary
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Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 0.83 Billion
Market Size (2029) USD 1.04 Billion
CAGR (2024 - 2029) 4.58 %
Market Concentration Medium

Major Players

Mexico Automotive Pneumatic Actuators Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Mexico Automotive Pneumatic Actuators Market Analysis

The Mexico Automotive Pneumatic Actuators Market size is estimated at USD 0.83 billion in 2024, and is expected to reach USD 1.04 billion by 2029, growing at a CAGR of 4.58% during the forecast period (2024-2029).

The Mexico automotive pneumatic actuators market involves the production and distribution of pneumatic actuators used in various automotive applications. Pneumatic actuators, which use compressed air to create motion, are integral in several vehicle systems like braking, engine control and suspension systems.

Mexico, being one of the largest automotive manufacturers in Latin America has seen a steady increase in both domestic vehicle sales and exports. This growth directly fuels the demand for automotive components, including pneumatic actuators.Moreover, the push towards more advanced automotive technologies, including automation and improved safety features requires sophisticated actuator systems. This drives the demand for more advanced pneumatic actuators.

The market features both global and local players with competition based on factors like product quality, technological advancements and pricing.Also, partnerships and expansions are common strategies for companies to enhance their market presence in Mexico.

The market is expected to continue growing driven by the ongoing demand in the automotive industry and technological advancements.

Mexico Automotive Pneumatic Actuators Market Trends

Rising Demand Of Passenger Cars Is Likely To Fuel The Market Growth

There has been a noticeable increase in the sale of passenger cars in Mexico. This surge is attributed to factors like growing middle-class population, increasing urbanization and an overall improvement in the economic conditions. As more people are able to afford cars, the demand for automotive components including pneumatic actuators naturally increases.

Moreover, the automotive industry is rapidly evolving with new technologies. Pneumatic actuators, which are critical for the smooth functioning of various car systems like suspension, brakes and clutch systems, are being developed to be more efficient and reliable. These technological advancements make these actuators more attractive to car manufacturers.

There is a growing trend among consumers to opt for cars that offer better fuel efficiency and performance. Pneumatic actuators play a significant role in improving these aspects by ensuring precise control in various car systems. This demand further drives the market for these actuators.There is also an increase in the aftermarket sales of automotive parts including pneumatic actuators, in Mexico. This trend is driven by the aging vehicle fleet in the country and the consumers' preference for maintaining older vehicles, which often require part replacements and upgrades.

Mexico Automotive Pneumatic Actuators Market is poised for growth driven by the increasing demand for passenger cars, technological advancements and the rise in aftermarket sales. This growth presents significant opportunities for market players in the automotive components sector.

Mexico Automotive Pneumatic Actuators Market: Mexico Passenger Car Sales In Thousand Units, 2019-2022

Throttle Actuators to Dominate the Automotive Pneumatic Actuator Market

The automotive industry is continuously evolving, with a significant focus on developing smaller more efficient engines that do not compromise on power or performance. Throttle actuators are essential in this aspect as they precisely control the amount of air flowing into the engine thereby regulating the engine's power and efficiency. The evolution towards more sophisticated engines necessitates the use of equally sophisticated throttle actuators, which can handle these demands effectively.

 In Mexico, also as in many parts of the world, there's a growing consumer preference for fuel-efficient vehicles. This trend is driven by rising fuel costs and environmental awareness. Throttle actuators directly influence the air-fuel mixture in engines, a critical factor in determining a vehicle's fuel efficiency. As consumers increasingly prioritize fuel economy in their vehicle purchases, the demand for advanced throttle actuators that can optimize fuel consumption becomes more pronounced.

The Mexican automotive sector is experiencing significant growth both in terms of vehicle production and sales. This growth is not limited to the domestic market Mexico is also a significant exporter of automobiles. As the production of vehicles increases so does the demand for essential components like throttle actuators. These components are integral to every vehicle's engine and their demand rises proportionally with the increase in vehicle production.

Mexico is poised for growth driven by these interconnected factors: increasing consumer preference for fuel efficient vehicles, advancements in engine technology, stringent emission regulations the growth in automotive production and sales technological advancements like IoT integration and a strong aftermarket demand. These elements together create a robust market environment for throttle actuators.

Mexico Automotive Pneumatic Actuators Market: Mexico Automobile Production, In Million Units, 2019-2022

Mexico Automotive Pneumatic Actuators Industry Overview

The Mexican automotive pneumatic actuators market is fragmented. Some of the major manufacturers in the automotive actuator market include Bosch Rexroth AG, Nidec Corporation, Denso Corporation, Emerson Electric Co, SMC Corporation of America, amongst others.

The demand for advanced actuator products among the buyers is compelling the major manufacturers to invest in R&D activities and introducing new product to stay comptetive.For instance, 

  • In September 2023, Marelli has introduced a new line of versatile smart actuators designed for transmission and thermal management in electric vehicles (EVs). These smart actuators are equipped with an electronic module that autonomously manages the actuator and links it to the vehicle's electronic system. 
    • Moreover, the actuator features a flexible, modular, and scalable mechanical layout, tailored to accommodate intricate transmission setups. Additionally, its software management is crafted for seamless integration with the vehicle's electronic framework.

Mexico Automotive Pneumatic Actuators Market Leaders

  1. Bosh Rexroth AG

  2. Nidec Corporation

  3. Denso Corporation

  4. SMC Corporation Of America

  5. Emerson Electric Co

*Disclaimer: Major Players sorted in no particular order

Mexico Automotive Pneumatic Actuators Market Concentration
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Mexico Automotive Pneumatic Actuators Market News

  • In June 2023, Woory Industrial Co., Ltd. has declared an investment of USD18 million to establish a new manufacturing and research & development center in Dublin, Georgia. Founded in South Korea in 1989, Woory specializes in heating, ventilation, and air conditioning (HVAC) components and systems. 
    • Alongside its traditional offerings, the company is also focusing on creating new products for electric and hydrogen-powered vehicles. The Dublin facility is set to manufacture electrical heaters, control units, and actuators for electric vehicles (EVs) and internal combustion engine (ICE) vehicles, targeting the North American automotive market.
  • In June 2023, INFAC North America commenced a USD 53 million expansion of its facility in Campbellsville, Kentucky. This initiative represents the second enlargement undertaken by INFAC North America at their Campbellsville site since its inception in 2008. Originating from South Korea, INFAC is known for its expertise in control cables, solenoids, antennas, horns, actuators as well as systems for EV battery management and electrification control.

Mexico Automotive Pneumatic Actuators Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Increasing Vehicle Production and Sales Is Likely To Fuel The Market Growth

    2. 4.2 Market Restraints

      1. 4.2.1 Competition from Alternative Technologies Is Anticipated To Restrict The Market Growth

    3. 4.3 Porters Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application Type

      1. 5.1.1 Throttle Actuators

      2. 5.1.2 Fuel Injection Actuators

      3. 5.1.3 Brake Actuators

      4. 5.1.4 Others

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Cars

      2. 5.2.2 Commercial Vehicle

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 ASCO Valve Inc

      2. 6.2.2 Continental AG

      3. 6.2.3 CTS Corporation

      4. 6.2.4 Sahrader Ducan Limited

      5. 6.2.5 Delphi Automotive PLC

      6. 6.2.6 Denso Corporation

      7. 6.2.7 Numatics Inc

      8. 6.2.8 Hitachi Ltd

      9. 6.2.9 Roert Bosch GmbH

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Mexico Automotive Pneumatic Actuators Industry Segmentation

Automotive pneumatic actuators are mechanical devices used in vehicles to convert compressed air energy into mechanical motion. These actuators are an integral part of various systems within a vehicle, utilizing the force of compressed air to perform a wide range of functions.

The market is segmented by application type and by vehicle type.By application type the market is segmented into throttle actuators, fuel injection actuators, brake actuators and others. By vehicle type market is segmented into passenger vehicles and comercial vehicles.

The report offers market size and forecasts for construction equipment in value (USD) and volume (Units) for all the above segments.

Application Type
Throttle Actuators
Fuel Injection Actuators
Brake Actuators
Others
Vehicle Type
Passenger Cars
Commercial Vehicle
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Mexico Automotive Pneumatic Actuators Market Research FAQs

The Mexico Automotive Pneumatic Actuators Market size is expected to reach USD 0.83 billion in 2024 and grow at a CAGR of 4.58% to reach USD 1.04 billion by 2029.

In 2024, the Mexico Automotive Pneumatic Actuators Market size is expected to reach USD 0.83 billion.

Bosh Rexroth AG, Nidec Corporation, Denso Corporation, SMC Corporation Of America and Emerson Electric Co are the major companies operating in the Mexico Automotive Pneumatic Actuators Market.

In 2023, the Mexico Automotive Pneumatic Actuators Market size was estimated at USD 0.79 billion. The report covers the Mexico Automotive Pneumatic Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Automotive Pneumatic Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Mexico Automotive Pneumatic Actuators Industry Report

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

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