Global Automotive Solenoid
Market Report
2024
The global Automotive Solenoid market will be USD 8.98 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 13.98% from 2024 to 2031. This growth is because of the rising adoption of electrified vehicle technologies.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Solenoid Market Sales Revenue 2024 | $ 8.98 Billion |
Global Automotive Solenoid Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.98% |
Market Drivers:The advancements in automotive safety systems are anticipated to drive the Automotive Solenoid market's expansion in the years ahead | |
Market Restrains:
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Market Split by Vehicle |
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Market Split by Valve Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Solenoid industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Solenoid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Automotive Solenoid Market is a vital sector within the automotive industry, encompassing the production and distribution of solenoid-based components used in various vehicle systems. Solenoids are the electromechanical devices which convert electrical energy into linear or rotary motion, serving critical functions in automotive applications. These include controlling fuel flow in fuel injection systems, engaging starter motors, regulating transmission shifts, and managing engine emissions. The market is fueled by factors like the increasing demand for electric vehicles, advancements in automotive safety systems, and the integration of solenoid technology into automated driving features. Moreover, stringent emissions regulations and the need for improved fuel efficiency continue to spur innovation in solenoid design and performance. However, challenges such as cost constraints, compatibility issues with existing vehicle architectures, and the complexity of integrating solenoids into advanced automotive systems may constrain market growth.
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In August 2023, BorgWarner Inc. secured a contract with an automotive thermal and energy management solutions supplier to deliver high-voltage coolant heaters for the use on a series of three electric vehicle platforms for a major OEM. (Source: https://www.borgwarner.com/home)
Top Companies Market Share in Automotive Solenoid Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Automotive Solenoid Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Solenoid Industry growth. Automotive Solenoid market has been segmented with the help of its Vehicle, Valve Type Application, and others. Automotive Solenoid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, passenger car is the dominant category due to their widespread use and diverse application of solenoid technology. Solenoids are essential components in passenger vehicles, serving critical functions such as engine control, transmission shifting, door locking mechanisms, and fuel injection systems. With the continuous advancements in automotive technology and the surging integration of electronic systems in modern passenger cars, the demand for solenoids is consistently growing. Additionally, the sheer volume of passenger cars produced globally ensures a significant market share for automotive solenoid manufacturers, further solidifying their dominance in this segment. .
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Solenoid Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Solenoid from 2019 to 2031. This will also help to analyze the demand for Automotive Solenoid across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Valve Type of Automotive Solenoid are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Solenoid market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's strong automotive manufacturing base, technological advancements, and high demand for vehicles with advanced features. Additionally, stringent safety regulations and the presence of key automotive players contribute to the region's leadership in solenoid production and adoption in various automotive applications.
Asia-Pacific stands out as the fastest-growing region in the Automotive Solenoid market due to the burgeoning automotive industry, particularly in countries like China and India. Increasing vehicle production, coupled with the rising adoption of advanced technologies, drives the demand for solenoids in various automotive applications.
The current report Scope analyzes Automotive Solenoid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Solenoid Market is witnessing significant growth in the near future.
In 2023, the Passenger Cars segment accounted for noticeable share of global Automotive Solenoid Market and is projected to experience significant growth in the near future.
The 2-Way segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Nidec Corporation, Hitachi Ltd. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Vehicle | Passenger Cars, Commercial Vehicles |
Valve Type | 2-Way, 3-Way, 4-Way, 5-Way, Others |
Application | Body Control & Interiors, Fuel & Emission Control, Engine Control & Cooling System, Safety & Security, HVAC, Others |
List of Competitors | Nidec Corporation, Continental AG, Hitachi Ltd., Padmini VNA Mechatronics Pvt Ltd, Global Point Magnetics Asia Co. Ltd, Denso Corporation, BorgWarner Inc., Johnson Electric Holding Ltd., Mitsubishi Electric Corporation, Robert Bosch GmbH |
This chapter will help you gain GLOBAL Market Analysis of Automotive Solenoid. Further deep in this chapter, you will be able to review Global Automotive Solenoid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Solenoid Market Trends North America Automotive Solenoid Technological Road Map North America Automotive Solenoid Market Drivers North America Automotive Solenoid Market Restraints North America Automotive Solenoid Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Vehicle Analysis 2019 -2031, will provide market size split by Vehicle. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Vehicle Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Valve Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Solenoid market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Passenger Cars have a significant impact on Automotive Solenoid market? |
What are the key factors affecting the Passenger Cars and Commercial Vehicles of Automotive Solenoid Market? |
What is the CAGR/Growth Rate of 2-Way during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Solenoid Market? |
Which region is expected to dominate the global Automotive Solenoid Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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