Six out of Ten Automotive Actuators Observe Sales through Aftermarket, reveals Fact.MR
Verfasser: ashwani_kailiya on Monday, 30 July 2018Lucrativeness of aftermarket automotive actuator sales will retain its preeminence, albeit sales growth in OEM continues to give a tough competition with a CAGR difference of just 0.1% through 2027. Over 6 out of 10 automotive actuators will witness sales in the aftermarket during the period 2018 to 2027, according to recent Fact.MR report. Relative dominance of aftermarket in the automotive actuator market is the result of availability of comparatively affordable actuators, which are designed for functioning as effectively as an OEM-produced actuator.
The report foresees the automotive actuator market to record an above-average rise at over 6.5% CAGR through 2027. Sales in OEM are increasingly becoming visible, as these players explore inorganic growth avenues across developing markets, in a bid to uphold expansion and diversify product portfolio and clientele. OEMs are further likely to focus on standardizing the value chain to mitigate lucrativeness and competitive pressures in this already mature market.
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