Automotive Solenoid Market to Touch 6.30 Billion USD by 2022
The automotive solenoid market, in terms of value, is projected to grow at a CAGR of 8.82% from 2017 to 2022. The market is estimated to be USD 4.13 billion in 2017. In this study, 2016 has been considered the base year and 2017 to 2022 the forecast period for estimating the market size of the automotive solenoid market. The body control and interiors segment of this market is estimated to account for the largest market share, in terms of value, in 2017. This segment leads the automotive solenoid market due to its application in all automotive vehicles passenger vehicle or commercial vehicle that roll out of the manufacturing unit. The second largest market, by application, in 2017 is the engine control and cooling system, followed by fuel and emission control.
Target Audience Of Automotive Solenoid Market • Automotive solenoid manufacturers • Automotive solenoid material suppliers • Industry associations • Industry experts • Original equipment manufacturers (OEMs)
Automotive Solenoid Market, By Application • Engine control & cooling system • Fuel & Emission Control • Safety and Security Download PDF Brochure
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Scope Of The Automotive Solenoid Market Automotive Solenoid Market, By Vehicle Type • Passenger vehicle • Light commercial vehicle • Heavy commercial vehicle Automotive Solenoid Market, By Function • Fluid Control • Gas Control • Motion Control
Key players of Automotive Solenoid Market • Robert Bosch GmbH (Germany) • Hitachi Ltd. (Japan) • Mitsubishi Electric Corporation (Japan) • Continental AG (Germany) • Johnson Electric Holding (China) • BorgWarner (U.S.)
Automotive Solenoid Market, By Function • Fluid Control • Gas Control • Motion Control Sample Copy
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Asia-pacific: largest market for the automotive solenoid market Asia-pacific is estimated to hold the largest market share, in terms of value, of the global automotive solenoid market in 2017. The region comprises some of the fastest developing economies in the world such as china, india, and south korea. There has been a significant increase in vehicle production volumes over the years, with oems catering not only to domestic demand but to overseas demand as well.
Browse 86 market data tables and 50 figures spread through 171 pages and in-depth TOC on "automotive solenoid market by application (body control & interiors, engine control & cooling system), vehicle type (PC, LCV, HCV), electric vehicle type (BEV, HEV, PHEV, FCEV), valve design, function and region - global forecast to 2022"
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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