OCTOBER 23, 2023
Africa and Middle East Automotive Actuators Market Size, Share, Report, Forecast 2024-2032
Market Outlook for Automotive Actuators in Africa and the Middle EastThe Africa and Middle East automotive actuators market was estimated by Expert Market Research to be worth USD 689.25 million in 2023. The research is named "Africa and Middle East Automotive Actuators Market Size, Share, Trends, Growth, Analysis, Report and Forecast 2024-2032." Driven by strict government policies aimed at reducing reliance on fossil fuels and promoting the integration of electromechanical and electronic systems in cars, the market is expected to rise at a compound annual growth rate (CAGR) of 5.70% from 2024 to 2032, when it is expected to reach a valuation of USD 951.23 million.
Automotive actuators are machines that transform electrical energy into mechanical force, enabling a car's internal functions like mirror adjustments, engine cooling fan control, and throttling. Their role is essential to the functionality, security, and comfort of contemporary cars. Automotive actuators are now more important than ever due to the increase in vehicle manufacturing and the growing automation of car functions across the Middle East and Africa.
The growing desire for cars with cutting-edge features is one of the major trends in the automotive actuators industry in Africa and the Middle East. Actuators are unavoidably needed for the operation of modern safety and comfort systems found in cars, as consumers in Middle Eastern and African nations become increasingly well-off and conscious.
Another significant contributing aspect is the expansion of the automobile sector in important African nations like Egypt, Nigeria, and South Africa. These countries are seeing an increase in both local and import car production, primarily due to the global automakers establishing their manufacturing facilities in these countries. Actuators and other automotive components are in higher demand as a result of this.
The emergence of regional automakers along with foreign investments may result in economies of scale, lowering the cost of sophisticated actuators. Furthermore, the need for advanced automobiles is expected to increase due to growing urbanisation and improved road infrastructure, which would in turn increase demand for automotive actuators in the Middle East and Africa.
Source: Digital Journal