Global Automotive Solenoid Market Insights Forecasts to 2033

• The Global Automotive Solenoid Market Size was Valued at USD 4.93 Billion in 2023
• The Market Size is Growing at a CAGR of 7.16% from 2023 to 2033
• The Worldwide Automotive Solenoid Market Size is Expected to Reach USD 9.84 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Automotive Solenoid Market Size is Anticipated to Exceed USD 9.84 Billion by 2033, Growing at a CAGR of 7.16% from 2023 to 2033.

Market Overview

A solenoid is primarily a coiled wire looped around a metal core, producing a magnetic field when current is fed through it. Automotive solenoids are used for a variety of functions, including starters for car ignition and automatic transmissions. Globally, the automotive solenoid market has benefited significantly from the ongoing growth of urbanization, infrastructure development, the increased tendency of people to purchase vehicles, and an increase in demand for modern automotive systems. Automotive solenoid valves are electromechanically operated. They control how quickly gases and liquids flow through various automotive systems. Electric current powers their functions. When electricity passes through the solenoid coil, it generates an electromagnetic suction valve core (also known as the gravity-overcoming spring). Automotive solenoids are commonly used to redirect the flow of gas, water, oil, and other fluids. During the forecast period, factors such as the automotive sector's promising development rate, the growing popularity of electric vehicles, and the rising demand for automated systems are expected to drive the expansion of the automotive solenoid market. The government and major automakers' activities are also expected to have a positive impact on the automotive solenoid business. Furthermore, rising disposable incomes and different government measures to promote automobile sales are fueling the growth of the automotive solenoid market.

Report Coverage

This research report categorizes the market for the global automotive solenoid market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global automotive solenoid market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global automotive solenoid market.

Driving Factors

The automobile sector has been transformed by increased automation and digitalization. Initially, automakers produced mechanical actuators that could only be operated manually, such as winding up and down windows and adjusting seats. The growing demand for high fuel efficiency and advanced automated applications will enhance the demand for solenoids, also known as electromechanical actuators. Solenoids are commonly used in trucks and heavy-duty vehicles to lift, tilt, adjust, position, retract, extract, control, open, and close all automated applications. Automotive solenoid suppliers can capitalize on the aftermarket segment by offering replacement parts, repair kits, and aftermarket solutions for ageing vehicle fleets along with maintenance services. Strategic collaborations with aftermarket distributors, service centres, and e-commerce platforms improve solenoid product exposure, availability, and customer support.

Restraining Factors

The use of solenoid technology in next-generation automobiles is impacted by the difficulties associated with interoperability, software compatibility, and the complexity of automotive systems integration. Product development cycles and market introductions are delayed when solenoids are interfaced with electronic control units (ECUs), vehicle networks, and sensor systems. These tasks involve integration knowledge, validation testing, and adherence to automotive standards.

Market Segmentation

The global automotive solenoid market share is classified into valve, vehicle, and application.

• The 2- Way segment is expected to hold the largest share of the global automotive solenoid market during the forecast period.   

Based on the valve, the global automotive solenoid market is categorized into 2- Way, 3- Way, 4- Way, 5- Way, and others. Among these, the 2- Way segment is expected to hold the largest share of the global automotive solenoid market during the forecast period. Automobile manufacturers are putting A greater focus on sustainability and reducing the environmental impact of their products. 2-way valves are vital for reducing emissions and increasing fuel efficiency. This commitment to sustainability drives the use of two-way valves in automotive applications.

• The PC segment is expected to grow at the fastest CAGR during the forecast period.    

Based on the vehicle, the global automotive solenoid market is categorized into PC, LCV, truck, and bus. Among these, the PC segment is expected to grow at the fastest CAGR during the forecast period. Significant advancements in passenger cars, particularly the many applications of solenoid technology, such as engine management, gearbox control, and pollution control systems, Due to increased customer demand for cutting-edge features, stringent environmental regulations, and the growing popularity of electric and hybrid vehicles, the industry is dominated by passenger cars. These factors all contribute to the market's requirement for solenoid-based solutions.

• The fuel & emission control segment is expected to hold a significant share of the global automotive solenoid market during the forecast period.

Based on the application, the global automotive solenoid market is categorized into body control & interiors, fuel & emission control, engine control & cooling system, safety & security, HVAC, others. Among these, the fuel & emission control segment is expected to hold a significant share of the global automotive solenoid market during the forecast period. To battle pollution and reduce greenhouse gas emissions, governments around the world have adopted increasingly stringent emissions limits. To comply with these limitations, automakers are putting modern emission control systems into their automobiles. Solenoids play an important role in these systems, particularly in exhaust gas recirculation (EGR) and evaporative emission control (EVAP) systems, where they help monitor gas flow and maintain compliance with emission requirements.

Regional Segment Analysis of the Global Automotive Solenoid Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is projected to hold the largest share of the global automotive solenoid market over the forecast period.

Europe is projected to hold the largest share of the global automotive solenoid market over the forecast period. Countries, including Germany, France, Spain, and the United Kingdom. The presence of OEMs such as Volkswagen (Germany), Daimler (Germany), Renault (France), and AB Volvo (Sweden) creates growing opportunities for automotive solenoids in the region. European automotive organizations dominate the worldwide automotive sector, accounting for about half of all R&D spending, driven by companies like BMW, Continental, and Daimler. The region is one of the greatest markets for passenger cars, particularly premium vehicles (C category and up). The high volume of premium car sales can be linked to the spending power of European consumers. The demand for premium cars has emphasized the need for fewer emissions, automated applications, and sumptuous amenities, which can be accomplished with the use of components such as solenoids and actuators.

Asia Pacific is expected to grow at the fastest CAGR growth of the global automotive solenoid market during the forecast period. Urbanization and rising income have driven up demand for personal mobility in various Asia-Pacific countries. Customers choose low-cost vehicles equipped with modern technologies such as electronic fuel injection and solenoid-based motorized windows. Furthermore, China's automotive solenoid market had the highest market share, while India's automotive solenoid market was the fastest expanding in the Asia-Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global automotive solenoid market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Delphi
• Robert Bosch
• Mitsubishi Electric
• Littlefuse
• Denso
• Nidec
• Rheinmetall Automotive
• Bitron Industrie SpA
• BorgWarner
• Infineon Technologies
• Rotex Automation
• Wabco Holdings
• Schaeffler
• GW Lisk
• Johnson Electric
• TLX Technologies
• Continental
• GKN
• Hitachi
• Flex Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global automotive solenoid market based on the below-mentioned segments: 

Global Automotive Solenoid Market, By Valve

• 2- Way
• 3- Way
• 4- Way
• 5- Way
• Others

Global Automotive Solenoid Market, By Vehicle Type

• PC
• LCV
• Truck
• Bus

Global Automotive Solenoid Market, By Application

• Body Control & Interiors
• Fuel & Emission Control
• Engine Control & Cooling System
• Safety & Security
• HVAC
• Others

Global Automotive Solenoid Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa