Mexico Automotive Actuators Market

Mexico Automotive Actuators Market Overview:

The Mexico automotive actuators market size reached USD 366.6 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 588.52 Million by 2032, exhibiting a growth rate (CAGR) of 5.10% during 2024-2032. Some of the key factors contributing to the market growth include increasing vehicle production, rising demand for electric vehicles (EVs), technological advancements in automotive, stringent emission norms, and increasing consumer preference for advanced safety and comfort features in vehicles.

Mexico Automotive Actuators Market Trends:

Growing inclination towards EVs

One of the major trends driving the demand for automotive actuators in Mexico is the growing trend of EVs. With the world becoming increasingly green and sustainable for transportation, the Mexican market is recording rising EV adoptions, with trends buffeted by incentives from the government, increased fuel costs, and an improved level of environmental awareness among consumers. The key applications of automotive actuators in EVs include battery management systems, electric powertrains, and active aerodynamic systems. Consequently, these actuators play an extremely crucial role in the optimization of EV performance and their safety and efficiency. This necessitates that vehicles have sophisticated actuators, thus enhancing market growth because of the increased intricacy in EVs reliant on precision control systems.

Advancement in automotive technology

Technological advancements in the automotive industry drive the Mexico automotive actuators market. Increasing autonomous and connected vehicle evolution has been pushing up the demand for sophisticated and reliable actuator systems. Fully autonomous and connected vehicles require actuators in everything, from running brakes and steering mechanisms to operating automatic climate control and adjusting adaptive suspension systems. Furthermore, the increasing integration of advanced driver-assistance systems and the push toward higher levels of vehicle automation continue to raise complexity and expand the number of actuators required in vehicles. With automotive manufacturers in Mexico investing in research and development (R&D) to further improve vehicle performance, safety, and user experience through innovative actuator technologies, the market will continue to experience robust expansion.

Stringent emission norms and fuel efficiency standards

The growing demand for fuel efficiency and increased stringency of emission norms are presenting lucrative opportunities for market expansion. Extensive government efforts to make the environment greener and cleaner and reduce greenhouse gas (GHG) emissions from vehicles are pushing automotive manufacturers to develop and integrate more efficient actuator systems that can contribute to lower emissions and better fuel economy. For instance, actuators are used in systems that optimize engine performance, such as variable valve timing and turbochargers, which are crucial for meeting these stringent standards. Moreover, the trend towards lightweighting in automotive design, aimed at improving fuel efficiency, is leading to the development of actuators that are not only more efficient but also lighter, thereby strengthening the market growth.

Mexico Automotive Actuators Market News:

• In October 2023, FAIST CPS increased its electric actuator production capacity in its four facilities across Europe, China, and Mexico, focusing on new products for the automotive market. The overall plan aims to achieve a capacity of 6.5 million pieces, with production expected to reach 1.05 million actuators in 2023, 2.35 million in 2024, and 6.5 million by 2027.
• In May 2024, Bendix Commercial Vehicle Systems LLC (Bendix) opened a new production facility in Acuña, Mexico, using highly automated manufacturing processes to produce two technologies: Global Scalable Brake Control (GSBC) and Global Scalable Air Treatment (GSAT). The facility is part of Knorr-Bremse's company-wide program BOOST 2026 (Knorr-Bremse Operational Optimization Strategy and Transformation).

Mexico Automotive Actuators Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032 Our report has categorized the market based on product, motion, vehicle type and sales channel.

Product Insights:

• Brake Actuators
• HVAC Actuators
• Headlamp Actuators
• Grill Shutter Actuators
• Seat Actuators
• Coolant and Refrigerant Valve Actuators
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes brake actuators, HVAC actuators, headlamp actuators, grill shutter actuators, seat actuators, coolant and refrigerant valve actuators, and others.

Motion Insights:

• Linear
• Rotatory
   

A detailed breakup and analysis of the market based on the motion have also been provided in the report. This includes linear and rotatory.

Vehicle Type Insights:

• Passenger Vehicles
• Commercial Vehicles
• Others
   

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger vehicles, commercial vehicles, and others.

Sales Channel Insights:

• Original Equipment Manufacturer (OEM)
• Aftermarket
   

A detailed breakup and analysis of the market based on the sales channel have also been provided in the report. This includes original equipment manufacturer (OEM) and aftermarket.

Regional Insights:

• Northern States
• Central States
• Southern States
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern States, Central States, and Southern States.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Automotive Actuators Market Report Coverage:

Key Questions Answered in This Report:

• How has the Mexico automotive actuators market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Mexico automotive actuators market?
• What is the breakup of the Mexico automotive actuators market on the basis of product?
• What is the breakup of the Mexico automotive actuators market on the basis of motion?
• What is the breakup of the Mexico automotive actuators market on the basis of vehicle type?
• What is the breakup of the Mexico automotive actuators market on the basis of sales channel?
• What are the various stages in the value chain of the Mexico automotive actuators market? 
• What are the key driving factors and challenges in the Mexico automotive actuators?
• What is the structure of the Mexico automotive actuators market and who are the key players?
• What is the degree of competition in the Mexico automotive actuators market?  

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico automotive actuators market from 2018-2032
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico automotive actuators market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico automotive actuators industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.