The Global Automotive Solenoid Market size is expected to grow from USD 5.44 billion in 2022 to USD 9.78 billion by 2030, at a CAGR of 7.6% during the forecast period (2023-2030).

An automotive solenoid is an electromechanical device used in vehicles for various purposes, typically to control the flow of fluids, such as fuel or air, or to actuate mechanical components. Solenoids consist of a coil of wire wound around a metal core, known as a plunger, that moves when an electrical current is applied.

The report evaluates the market size of the Automotive Solenoid Market and studies the strategy patterns adopted by the prominent international players. The report also analyses the market’s size in terms of projected revenue for the future. All of the data numbers, such as percentage splits and breakdowns, are calculated from secondary sources and confirmed from original sources. The market’s supply and demand sides are also covered in the research. It provides profiles and analysis of market leaders and other prominent businesses.

The Major Players In The Automotive Solenoid Market Include:

Mitsubishi Electric Corporation,Nidec Corporation,MVD Auto Components Pvt.Ltd.,Stoneridge Inc.,Aptiv PLC,Bitron Industrie S.p.A,BorgWarner Inc.,Continental AG,Cumsa Corporation-Lockcarft,Global Point Magnetics Asia Co. Ltd.,Denso Corporation,GKN PLC,Hitachi Ltd.,Husco International Inc.,Robert Bosch GmbH,Johnson Electric Holdings Ltd.,Parker Hannifin Corporation,Schaeffler AG,Kendrion NV,Magnet - Schultz GmbH & Co. Kg,Rotex Automation Limited,Padmini Vna Mechatronics Pvt Ltd,Pneumadyne Inc.,TLX Technologies LLC.,WABCO Holdings Inc. and other major players.

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Market Has Segmented The Global Automotive Solenoid Market On The Basis Of Type, Application, And Region:

The Automotive Solenoid market is segmented by type and application. Growth between segments over the period 2024-2032 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Type:

Light Commercial Vehicle, Passenger Vehicle, Heavy Commercial Vehicle

By Application:

Safety And Security, Body Control & Interiors, Engine Control & Cooling System, Fuel & Emission Control, HVAC, Other Application

 By Regional Outlook:

·         North America (US, Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·         Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

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Key Takeaways from this Report

·         Evaluate market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level – for product types, end-use applications, and by different industry verticals.

·         Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.

·         Get in-depth insights on your competitor’s performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.

·         Analyze the sales and distribution channels across key geographies to improve top-line revenues.

·         Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies to your processes.

·         Get a quick outlook on the market entropy – M&As, deals, partnerships, and product launches of all key players for the past 4 years.

·         Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

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