The global Automotive Solenoid market gathered revenue around USD 3.9 Billion in 2020 and market is set to grow USD 8.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 10.4% during the prediction period 2021 to 2027.
Growth Factors:
The growth of this market is fueled by rising automation in vehicles and increased vehicle manufacturing in the emerging economies due to urbanization. The fact that solenoids are used in various automotive systems and features in every vehicle is expected to drive the market during the forecast.
Solenoid is mainly a coil that is enfolded around a resolutely packed helix. When explained in terms of physical science, it is also a coil whose length is actually greater than its diameter and the coil is enveloped around a metallic core that produces a smooth magnetic field at the time when electric current moves through the solenoid. At several cases, the purpose of solenoids is to restrict the fluctuations in the electric current. It is then instead of electromagnet, it is referred to as an inductor. However, it should be noted that not all electromagnets and inductors are solenoids.
Coming to automotive solenoids, it may be employed for a broad range of purposes such as automatic transmission and for starting the car. A solenoid in automobiles is a crucial piece of the starter and it functions as a sort of contact for power to reach the starter from the respective battery. As the generation of vehicles is expanding at an enduring rate, so is the interest of manufacturers’ solenoids. Another factor that is probably going to pick up force is the utilization of solenoid in the programmed transmission of automobiles. Contemporary programmed transmission autos utilize a water driven liquid under pressure with a specific end goal to change gears. The trend of engine downsizing is also expected to gain traction in the years ahead, thus benefitting the market in return.
A solenoid is a coil that is wrapped around a firmly packed helix. In physical science, solenoid is a coil, the length of which is considerably larger than its diameter, wrapped round a metallic core that generates an even magnetic field in space when electric current passes through the solenoid. It is a kind of electromagnet, the purpose of which is to produce a meticulous magnetic field. Sometimes the function of solenoids is to inhibit the alterations in the electric current; the solenoid is then called an inductor, and not an electromagnet.However, not all inductors and electromagnets are solenoids.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Automotive Solenoid market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Automotive Solenoid market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 8.1 Billion by 2027 |
Growth Rate | CAGR of 10.4% From 2021 to 2027 |
Base Year | 2020 |
Forecast Period | 2021 to 2027 |
Historic Data | 2017 to 2020 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | By class, by mode, by speed, by motor Type, by component, by usage, by ownership and region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric Corporation, Continental AG, Johnson Electric Holding Ltd., BorgWarner Inc., Delphi Automotive PLC, Padmini VNA Mechatronics Pvt Ltd, Global Point Magnetics Asia Co. Ltd, and Nidec Corporation.. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Automotive Solenoid market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Automotive Solenoid Market include: Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric Corporation, Continental AG, Johnson Electric Holding Ltd., BorgWarner Inc., Delphi Automotive PLC, Padmini VNA Mechatronics Pvt Ltd, Global Point Magnetics Asia Co. Ltd, and Nidec Corporation.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Vehicle Type
By Electric Vehicle Type
By Application
By Function
By Valve Design
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Automotive Solenoid market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Automotive Solenoid market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Automotive Solenoid markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Automotive Solenoid market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Solenoid Market, By Vehicle Type
7.1. Automotive Solenoid Market, By Vehicle Type, 2021-2027
7.1.1. Passenger vehicle
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Light commercial vehicle
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Truck
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Bus
7.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Automotive Solenoid Market, By Electric Vehicle Type
8.1. Automotive Solenoid Market, By Electric Vehicle Type, 2021-2027
8.1.1. BEV
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. PHEV
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. FCEV
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Automotive Solenoid Market, By Application
9.1. Automotive Solenoid Market, By Application, 2021-2027
9.1.1. Engine control and cooling system
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Fuel and Emission Control
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Safety and Security
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Body Control and Interiors
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. HVAC
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Other application
9.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Automotive Solenoid Market, By Function
10.1. Automotive Solenoid Market, By Function, 2021-2027
10.1.1. Fluid Control
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Fluid Control
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Motion Control
10.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global Automotive Solenoid Market, By Valve Design
11.1. Automotive Solenoid Market, By Valve Design, 2021-2027
11.1.1. 2-way valve
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. 3-way valve
11.1.2.1. Market Revenue and Forecast (2016-2027)
11.1.3. 4-way valve
11.1.3.1. Market Revenue and Forecast (2016-2027)
11.1.4. 5-way valve
11.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 12.Global Automotive Solenoid Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.1.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.1.3. Market Revenue and Forecast, By Application (2016-2027)
12.1.4. Market Revenue and Forecast, By Function (2016-2027)
12.1.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.1.6.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.1.6.3. Market Revenue and Forecast, By Application (2016-2027)
12.1.6.4. Market Revenue and Forecast, By Function (2016-2027)
12.1.6.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.1.7. Rest of North America
12.1.7.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.1.7.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.1.7.3. Market Revenue and Forecast, By Application (2016-2027)
12.1.7.4. Market Revenue and Forecast, By Function (2016-2027)
12.1.7.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.2. Europe
12.2.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.2.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.2.3. Market Revenue and Forecast, By Application (2016-2027)
12.2.4. Market Revenue and Forecast, By Function (2016-2027)
12.2.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.2.6.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.2.6.3. Market Revenue and Forecast, By Application (2016-2027)
12.2.6.4. Market Revenue and Forecast, By Function (2016-2027)
12.2.6.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.2.7. Germany
12.2.7.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.2.7.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.2.7.3. Market Revenue and Forecast, By Application (2016-2027)
12.2.7.4. Market Revenue and Forecast, By Function (2016-2027)
12.2.7.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.2.8. France
12.2.8.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.2.8.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.2.8.3. Market Revenue and Forecast, By Application (2016-2027)
12.2.8.4. Market Revenue and Forecast, By Function (2016-2027)
12.2.8.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.2.9. Rest of Europe
12.2.9.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.2.9.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.2.9.3. Market Revenue and Forecast, By Application (2016-2027)
12.2.9.4. Market Revenue and Forecast, By Function (2016-2027)
12.2.9.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.3. APAC
12.3.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.3.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.3.3. Market Revenue and Forecast, By Application (2016-2027)
12.3.4. Market Revenue and Forecast, By Function (2016-2027)
12.3.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.3.6.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.3.6.3. Market Revenue and Forecast, By Application (2016-2027)
12.3.6.4. Market Revenue and Forecast, By Function (2016-2027)
12.3.6.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.3.7. China
12.3.7.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.3.7.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.3.7.3. Market Revenue and Forecast, By Application (2016-2027)
12.3.7.4. Market Revenue and Forecast, By Function (2016-2027)
12.3.7.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.3.8. Japan
12.3.8.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.3.8.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.3.8.3. Market Revenue and Forecast, By Application (2016-2027)
12.3.8.4. Market Revenue and Forecast, By Function (2016-2027)
12.3.8.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.3.9. Rest of APAC
12.3.9.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.3.9.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.3.9.3. Market Revenue and Forecast, By Application (2016-2027)
12.3.9.4. Market Revenue and Forecast, By Function (2016-2027)
12.3.9.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.4. MEA
12.4.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.4.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.4.3. Market Revenue and Forecast, By Application (2016-2027)
12.4.4. Market Revenue and Forecast, By Function (2016-2027)
12.4.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.4.6.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.4.6.3. Market Revenue and Forecast, By Application (2016-2027)
12.4.6.4. Market Revenue and Forecast, By Function (2016-2027)
12.4.6.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.4.7. North Africa
12.4.7.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.4.7.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.4.7.3. Market Revenue and Forecast, By Application (2016-2027)
12.4.7.4. Market Revenue and Forecast, By Function (2016-2027)
12.4.7.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.4.8. South Africa
12.4.8.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.4.8.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.4.8.3. Market Revenue and Forecast, By Application (2016-2027)
12.4.8.4. Market Revenue and Forecast, By Function (2016-2027)
12.4.8.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.4.9. Rest of MEA
12.4.9.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.4.9.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.4.9.3. Market Revenue and Forecast, By Application (2016-2027)
12.4.9.4. Market Revenue and Forecast, By Function (2016-2027)
12.4.9.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.5. Latin America
12.5.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.5.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.5.3. Market Revenue and Forecast, By Application (2016-2027)
12.5.4. Market Revenue and Forecast, By Function (2016-2027)
12.5.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.5.6.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.5.6.3. Market Revenue and Forecast, By Application (2016-2027)
12.5.6.4. Market Revenue and Forecast, By Function (2016-2027)
12.5.6.5. Market Revenue and Forecast, By Valve Design (2016-2027)
12.5.7. Rest of LATAM
12.5.7.1. Market Revenue and Forecast, By Vehicle Type (2016-2027)
12.5.7.2. Market Revenue and Forecast, By Electric Vehicle Type (2016-2027)
12.5.7.3. Market Revenue and Forecast, By Application (2016-2027)
12.5.7.4. Market Revenue and Forecast, By Function (2016-2027)
12.5.7.5. Market Revenue and Forecast, By Valve Design (2016-2027)
Chapter 13. Company Profiles
13.1. Robert Bosch GmbH
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Mitsubishi Electric Corporation
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Johnson Electric Holding Ltd
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. BorgWarner Inc
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. BorgWarner Inc.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Delphi Automotive PLC
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Padmini VNA Mechatronics Pvt Ltd
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Global Point Magnetics Asia Co. Ltd
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Nidec Corporation
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms