Automotive Solenoid Market Analysis

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The global Automotive Solenoid Market is
estimated to be USD 4.13 billion in 2017, and is
projected to grow at a CAGR of 8.82 from 2017 to
2022, to reach USD 6.30 billion by 2022. The
growth of this market is fueled by rising
automation in vehicles and increased production
of vehicles in emerging economies due to
urbanization. Browse 70 market tables and 60
figures spread across 150 pages and an in-depth
TOC of Automotive Solenoid Market Global
Forecast to 2022. Speak to Our Analyst and gain
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speaktoanalystNew.asp?id145703142 Body Control
and Interiors segment to hold the largest share
in the automotive solenoid market, by
application type The body control and interiors
application is estimated to account for the
largest share in the global automotive solenoid
market. This application is used in all passenger
and commercial vehicles (CV) as well as electric
vehicles, unlike some applications that may or
may not be used in electric vehicles. For
example, engine control valves are not used in a
battery electric vehicle (BEV) for the engine
control application. Passenger cars A promising
market due to the increase in high global
production Passenger cars are expected to
constitute the largest market share, in terms of
value, in the global automotive solenoid market.
This can be attributed to the growing need for
personal cars and private cabs in the emerging
economies, which has triggered the demand for
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automotive solenoids from passenger car
manufacturers. The demand is expected to increase
in developing and developed countries such as
China, Japan, Germany, and the U.S., where major
car manufacturers are located. Asia-Pacific
Largest market for the automotive solenoid
market Asia-Pacific is estimated to hold the
largest market share, in terms of value, of the
global automotive solenoid market in 2017. The
region comprises some of the fastest developing
economies in the world such as China, India, and
South Korea. There has been a significant
increase in vehicle production volumes over the
years, with OEMs catering not only to domestic
demand but to overseas demand as well. The major
players profiled in the report are Robert Bosch
GmbH (Germany), Hitachi Ltd. (Japan), Mitsubishi
Electric Corporation (Japan), Continental AG
(Germany), Johnson Electric Holding (China),
BorgWarner (U.S.), and Delphi Automotive PLC
(U.K.). Download PDF https//www.marketsandmarket
s.com/pdfdownloadNew.asp?id145703142 Study
Coverage The study covers the global automotive
solenoid market, in terms of volume (units) and
value (USD million). It explains the qualitative
and quantitative aspects of the market on the
basis of region, vehicle, electric vehicle,
application, function, and valve design type from
2017 to 2022. It also provides an overview of
technical factors and other important aspects of
the global automotive solenoid market. About
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