GLOBAL ENGINE ACTUATORS MARKET ANALYSIS

Global Engine Actuators MarketSize and Trends

Increasing demand for fuel-efficient vehicles is one of the major factors driving growth of the market

Increasing demand for fuel-efficient vehicles is one of the major factors driving growth of the market. This is attributed to factors such as increasing dearth of conventional fuels, regulations concerning exhaust gas emissions, increasing need for safety features, and growing trend of electric vehicles. For instance, the European Union has set its own emissions standards such as EU Regulation No 443/2009 that has set an average CO2 emissions target of 130 grams/kilometer for new passenger cars. These factors led to the replacement of mechanical linkages with electrical or electronic components and demand for actuators for use in engines to enhance engine performance and fuel efficiency increased, thereby fueling growth of the engine actuators market.

Moreover, stringent government regulations for fuel-efficient vehicles is another factor driving growth of the global engine actuators market. In 1975, the U.S. government had passed Corporate Average Fuel Economy (CAFE) standards, which had separate standards for ‘passenger cars’ and ‘light trucks’ although majority of the ‘light trucks’ were being used as passenger vehicles. For instance, the fuel economy target for the 2012 Honda Fit with a footprint of 40 sq. ft. (3.7 m2) was 36 miles per US gallon (6.5 l/100 km), equivalent to a published fuel economy of 27 miles per US gallon (8.7 l/100 km) and a Ford F-150 with its footprint of 65–75 sq. ft. (6.0–7.0 m2) had a fuel economy target of 22 miles per US gallon (11 l/100 km).