Automotive Solenoid Market Analysis and Forecast to 2032: By Vehicle Type (Passenger Vehicle, LCV, HCV, Electric Vehicle), Application (Engine Control, Fuel and Emission Control, HVAC, Others), Type (2-Way Valve, 3-Way Valve, 4-Way Valve, Others), and Region

Published Date : August, 2023 Report Code : GIS20515 Number of Pages: 159
Industry : Automotive & Transportation Publication Status : Published

An automotive solenoid is an electrically-operated device that is used to control the flow of fluid within a system. Solenoids are commonly used in automotive applications to control valves’ movement or actuate other mechanical components. When a solenoid is energized, it creates a magnetic field that can be used to open or close a valve, or to move a mechanical component.

The Automotive Solenoid Market size was USD 4.8 Billion in 2022 and is anticipated to reach USD 7.8 Billion in 2032, growing at a rate of 4.8% from 2023 to 2032.

Key Trends

One of the key trends in Automotive Solenoid technology is the development of solenoids that can operate at higher temperatures. This is important because it allows for the solenoid to be used in a wider range of applications, including in high-temperature environments. Another trend is the development of solenoids that are more resistant to corrosion. This is important because it increases the lifespan of the solenoid and allows it to be used in more corrosive environments.

Key Drivers

The automotive solenoid market is driven by the increasing demand for vehicles equipped with automatic transmission systems. The automatic transmission system uses a torque converter and planetary gear set, which requires the use of a solenoid to engage the clutches. The automotive solenoid market is also driven by the increasing demand for vehicles with start-stop functionality. Start-stop functionality helps to improve fuel efficiency by shutting off the engine when the vehicle is idling. The automotive solenoid market is also driven by the increasing demand for electric vehicles. Electric vehicles use solenoids to control the flow of electric current to the motor.

Restraints & Challenges

The key restraints and challenges in the Automotive Solenoid market are the high costs associated with the production of automotive solenoids and the need for specialized expertise for their manufacture. Additionally, the market is also hindered by the lack of standardization in the automotive solenoid industry, which makes it difficult for manufacturers to produce solenoids that are compatible with all vehicle models.

Market Segments

The Automotive Solenoid Market is segmented on the basis of vehicle type, application, type, and region. Based on vehicle type, the market is classified into passenger vehicle, light commercial vehicle (LCV), heavy commercial vehicle (HCV), and electric vehicle. By application, the market is segmented into engine control, fuel and emission control, HVAC, and others. By type, the market is divided into 2 Way Valve, 3 Way Valve, 4 Way Valve, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Companies

Top key players in Automotive Solenoid Market are Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric Corporation, Continental AG, Johnson Electric Holding Ltd., BorgWarner Inc., Padmini VNA Mechatronics Pvt Ltd, Global Point Magnetics Asia Co. Ltd, Nidec Corporation, and Denso Corporation

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Automotive Solenoid Market Outlook
3.1. Automotive Solenoid Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Automotive Solenoid Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Automotive Solenoid Market
4.3. Economic Impact Analysis

Chapter 5. Automotive Solenoid Market by Vehicle type
5.1. Market Overview
5.2. Passenger Vehicle
5.2.1. Market Size and Forecast, 2022-2032 ($Million)
5.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
5.3. LCV
5.3.1. Market Size and Forecast, 2022-2032 ($Million)
5.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
5.4. HCV
5.4.1. Market Size and Forecast, 2022-2032 ($Million)
5.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
5.5. Electric Vehicle
5.5.1. Market Size and Forecast, 2022-2032 ($Million)
5.5.2. Market Size and Forecast, by Region, 2022-2032 ($Million)

Chapter 6. Automotive Solenoid Market by Application
6.1. Market Overview
6.2. Engine Control
6.2.1. Market Size and Forecast, 2022-2032 ($Million)
6.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.3. Fuel and Emission Control
6.3.1. Market Size and Forecast, 2022-2032 ($Million)
6.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.4. HVAC
6.4.1. Market Size and Forecast, 2022-2032 ($Million)
6.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2022-2032 ($Million)
6.5.2. Market Size and Forecast, by Region, 2022-2032 ($Million)

Chapter 7. Automotive Solenoid Market by Type
7.1. Market Overview
7.2. 2-Way Valve
7.2.1. Market Size and Forecast, 2022-2032 ($Million)
7.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
7.3. 3-Way Valve
7.3.1. Market Size and Forecast, 2022-2032 ($Million)
7.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
7.4. 4-Way Valve
7.4.1. Market Size and Forecast, 2022-2032 ($Million)
7.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
7.5. Others
7.5.1. Market Size and Forecast, 2022-2032 ($Million)
7.5.2. Market Size and Forecast, by Region, 2022-2032 ($Million)

Chapter 8. Automotive Solenoid Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.2.3. North America Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.2.4. North America Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.2.5. The U.S.
8.2.5.1. The U.S. Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.2.5.2. The U.S. Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.2.5.3. The U.S. Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.2.6. Canada
8.2.6.1. Canada Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.2.6.2. Canada Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.2.6.3. Canada Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.2.7. Mexico
8.2.7.1. Mexico Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.2.7.2. Mexico Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.2.7.3. Mexico Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.3.3. Europe Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.3.4. Europe Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.3.5. Germany
8.3.5.1. Germany Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.3.5.2. Germany Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.3.5.3. Germany Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.3.6. France
8.3.6.1. France Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.3.6.2. France Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.3.6.3. France Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.3.7. U.K.
8.3.7.1. U.K. Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.3.7.2. U.K. Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.3.7.3. U.K. Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.3.8. Spain
8.3.8.1. Spain Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.3.8.2. Spain Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.3.8.3. Spain Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.3.9. Italy
8.3.9.1. Italy Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.3.9.2. Italy Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.3.9.3. Italy Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.3.10. Rest of Europe
8.3.10.1. Rest of Europe Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.3.10.2. Rest of Europe Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.3.10.3. Rest of Europe Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Automotive Solenoid Market Size and Forecast by Country, 2022-2032, ($Million)
8.4.3. Asia-Pacific Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.4.4. Asia-Pacific Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.4.5. Asia-Pacific Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.4.6. China
8.4.6.1. China Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.4.6.2. China Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.4.6.3. China Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.4.7. India
8.4.7.1. India Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.4.7.2. India Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.4.7.3. India Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.4.8. Japan
8.4.8.1. Japan Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.4.8.2. Japan Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.4.8.3. Japan Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.4.9.2. South Korea Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.4.9.3. South Korea Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.4.9.4. )
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.4.10.2. Rest of APAC Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.4.10.3. Rest of APAC Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.5.3. Rest of the World Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.5.4. Rest of the World Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.5.5. Latin America
8.5.5.1. Latin America Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.5.5.2. Latin America Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.5.5.3. Latin America Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.5.6. Middle East
8.5.6.1. Middle East Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.5.6.2. Middle East Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.5.6.3. Middle East Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)
8.5.7. Africa
8.5.7.1. Africa Automotive Solenoid Market Size and Forecast by vehicle type, 2022-2032, ($Million)
8.5.7.2. Africa Automotive Solenoid Market Size and Forecast by application, 2022-2032, ($Million)
8.5.7.3. Africa Automotive Solenoid Market Size and Forecast by type, 2022-2032, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Developments
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. Robert Bosch GmbH
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Hitachi Ltd
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Mitsubishi Electric Corporation
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Continental AG
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Johnson Electric Holding Ltd..
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. BorgWarner Inc.
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Padmini VNA Mechatronics Pvt Ltd
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Global Point Magnetics Asia Co. Ltd
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Nidec Corporation
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Denso Corporation
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of companies is subject to change during the final compilation of the report

 

Key Players
  • Robert Bosch GmbH
  • Hitachi Ltd.
  • Mitsubishi Electric Corporation
  • Continental AG
  • Johnson Electric Holding Ltd.
  • BorgWarner Inc.
  • Padmini VNA Mechatronics Pvt Ltd
  • Global Point Magnetics Asia Co. Ltd
  • Nidec Corporation
  • Denso Corporation
Key Market Segments

By Vehicle Type

  • Passenger Vehicle
  • LCV
  • HCV
  • Electric Vehicle

By Application

  • Engine Control
  • Fuel and Emission Control
  • HVAC
  • Others

By Type

  • 2-Way Valve
  • 3-Way Valve
  • 4-Way Valve
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

 

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