The increasing demand for electricity conservation has been used in a way that doesn’t impact fuel efficiency; this makes the solenoids a lot more important in the automobile industry. This results in the growth of the global automotive solenoids market. The automotive solenoids are employed for a broad range of applications like automatic transmission and for the starting of a car. The solenoid in automobiles has been a major piece of the starter and its functions which is a sort of the contact for the power of reaching the starter from this respective battery. With the generation of the vehicles seeing an expansion at the rate of endurance, it is in the favor of the manufacturers’ solenoids. One more factor which is going to probably pick the force up is the utilization of the solenoid in the programmed transmission of automobiles.
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The latest research on the Automotive Solenoid Market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Automotive Solenoid industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of Automotive Solenoid Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
- Company Profiling and Competitive Positioning
- Industry Value Chain Analysis
- Market Dynamics and Factors
- Porter’s Five Forces Analysis
- Pestle Analysis
- SWOT Analysis
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Segmentation of Automotive Solenoid Market: -
By Vehicle Type
- Light Commercial Vehicle
- Passenger Vehicle
- Heavy Commercial Vehicle
By Electric Vehicle Type
- BEV
- HEV
- PHEV
- FCEV
By Function
- Fluid Control
- Gas Control
- Motion Control
By Application
- Safety Security
- Body Control Interiors
- Engine Control Cooling System
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Effect of COVID-19 on the Automotive Solenoid Market: -
The production and sales of the latest vehicles had come to a halt across the globe as the whole ecosystem had been disrupted in the initial outbreak of COVID 19. OEMs had to wait until lockdowns were lifted to resume production, which affected their businesses. Hence, vehicle producers had to adjust the production volume. Also, component manufacturing was suspended, and small Tier II and Tier III manufacturers faced liquidity issues.
Leading Key Players Covered Automotive Solenoid Market: -
- 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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