Automotive Solenoid Market 2027: Outlook, Insights, Trends, Size, Forecast, Opportunity, Demand Analysis

Automotive Solenoid Market 2027: Outlook, Insights, Trends, Size, Forecast, Opportunity, Demand Analysis

Automotive Solenoid Market 2027: Outlook, Insights, Trends, Size, Forecast, Opportunity, Demand Analysis

The trend of engine downsizing is also expected to gain traction in the years ahead, thus benefiting the automotive solenoid market in return

An automotive solenoid is coil wound around packed helix. Its basic function is to convert low energy input to desirable energy output. The automotive solenoid is used to start the vehicles by converting the low energy generated through ignition button to high energy to start the vehicle motor.

Automotive solenoid: Market Dynamics

Increasing demand for automation in vehicles, rise in the production of vehicles from domestic and commercial sector and increase in demand of fuel efficient vehicle is augmenting the demand for automotive solenoid market. The recent trend of downsizing the engine of vehicles is also going to benefit the automotive solenoid market.

Furthermore, the application of solenoid in automatic transmission of the cars is likely to gain momentum. The need of automatic transmission is growing around the world which in turn creating a demand for automotive solenoid market.

Along with the growth in disposable income among consumers which leading to improves sales of vehicles, increasing concern around the passenger safety and automobile security is also augmenting the demand of automotive solenoid. The automotive solenoid is an integral part of automobiles. Hence, the growth in production of vehicles leads to growth in the market of automotive solenoid.The replacement cost of automotive solenoid is low which is an another factor driving the growth of the automotive solenoid.

Automotive solenoid: Regional Outlook

The Asia Pacific market is the leading automotive solenoid market, followed by Europe and North America. Europe holds significant share of automotive solenoid market owing to large numbers of manufacturers present in this region.

Automotive Solenoid Market: Segmentation

Automotive Solenoid Market is segmented by Vehicle type, Application, Function and Valve Design

Automotive solenoid is segmented on the basis of vehicle as follows:

  • Heavy commercial vehicle
  • Light commercial vehicle
  • Passenger vehicle

Automotive solenoid is segmented on the basis of sales channel as follows:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

Automotive solenoid is segmented on the basis of application as follows:

  • Fuel & Emission Control
  • Engine control & cooling system
  • Safety and Security
  • HVAC
  • Body Control & Interiors
  • Other application

Automotive solenoid is segmented on the basis of valve type as follows:

  • 2-way valve
  • 3-way valve
  • 4-way valve
  • 5-way valve

Automotive Solenoid Market: Key Players

  • The major player in automotive solenoid market are:
    • Delphi Automotive LLP
    • Johnson Electric Holding
    • Continental AG
    • Mitsubishi Electric Corporation
    • Denso Corporation
    •  Hitachi Ltd.
    • Robert Bosch GmbH
    • Delphi Automotive PLC
    • BorgWarner
    • Nidec Corporation

The research study contains a comprehensive assessment of the industry and contains thoughtful facts, insights, historical data and market data. It also contains forecasted values using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Competitive Landscape
  • Technology
  • Value Chain

The regional analysis includes:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

The market study is compiled with the quantitative and qualitative assessment by industry analysts, inputs from industry thought leaders and industry participants across the value chain. The report includes analysis of parent market trends, macro-economic factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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