Automotive Solenoid Market Analysis and Trends Research Report for 2017-2024

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Automotive Solenoid Market Global Industry
Analysis Report, Share, Size, Growth, Price
Trends and Forecast, 2024 Global Market Insights
Inc.
size worth 25.5bn by 2024
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Key Insights from Automotive Solenoid Market

• Automotive Solenoid Market size will witness
  dynamic growth owing to its increased application
  in automobile industry. Increased purchasing
  power has helped consumers to opt for lavish
  facilities in automobiles.
• Automotive solenoids are part of automobiles that
  helps in amplifying various process, thus
  improving overall vehicles performance.
• Their use in automobiles increases the overall
  cost but have greater advantage that gives an
  overall positive outlook for product demand.
• Automotive solenoid is used in passenger cars,
  Light Commercial Vehicles (LCV) And Heavy
  Commercial Vehicles (HCV).

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Continued...

• LCV and HCV have moderate share and expected to
  show substantial growth with rise in demand of
  fuel efficient automobiles.
• The product is used for different applications
  including engine control cooling system, safety
  security, body control interiors, fuel
  emission control and HVAC.
• Engine control systems are attractive segment
  with its requirement in almost all the vehicles
  and growing automation.
• Automotive solenoid performs various functions
  including, fluid, gas and motion control.
• Prominent players include Robert Bosch,
  Mitsubishi Electric, Denso Corporation, Husco
  International, Lockcraft, TLX Technologies.

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360 Analysis

• Product Analysis
• Body control interior application will have
  major share with increased utilization in
  passengers and commercial vehicles. They help in
  reduction of space consumed by auto parts that
  increases cabin space and improves interiors.
• Regional Analysis
• Asia Pacific has significant share in automotive
  solenoid market owing to growing demand of
  automobiles in India, China and South Korea.
  Presence of key manufacturers namely Mitsubishi
  Hitachi increases the availability of product.
  North America has substantial share with presence
  of OEMs that caters overseas demand as well.
• Competitive Market Share
• Companies are employing mergers and acquisition
  strategy to increase their penetration in
  automotive solenoid market. For instance,
  Continental AG acquired Emitec Emission Control
  Technologies that will enhance its presence in
  fuel and emission control segment.

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