Get In Touch

Global Automotive Solenoid Market: Overview

Solenoid is mainly a coil that is enfolded around a resolutely packed helix. When explained in terms of physical science, it is also a coil whose length is actually greater than its diameter and the coil is enveloped around a metallic core that produces a smooth magnetic field at the time when electric current moves through the solenoid. At several cases, the purpose of solenoids is to restrict the fluctuations in the electric current. It is then instead of electromagnet, it is referred to as an inductor. However, it should be noted that not all electromagnets and inductors are solenoids.                

Coming to automotive solenoids, it may be employed for a broad range of purposes such as automatic transmission and for starting the car. A solenoid in automobiles is a crucial piece of the starter and it functions as a sort of contact for power to reach the starter from the respective battery. As the generation of vehicles is expanding at an enduring rate, so is the interest of manufacturers’ solenoids. Another factor that is probably going to pick up force is the utilization of solenoid in the programmed transmission of automobiles. Contemporary programmed transmission autos utilize a water driven liquid under pressure with a specific end goal to change gears. The trend of engine downsizing is also expected to gain traction in the years ahead, thus benefitting the market in return. 

A solenoid is a coil that is wrapped around a firmly packed helix. In physical science, solenoid is a coil, the length of which is considerably larger than its diameter, wrapped round a metallic core that generates an even magnetic field in space when electric current passes through the solenoid. It is a kind of electromagnet, the purpose of which is to produce a meticulous magnetic field. Sometimes the function of solenoids is to inhibit the alterations in the electric current; the solenoid is then called an inductor, and not an electromagnet.However, not all inductors and electromagnets are solenoids.

An automobile solenoid may be used for a variety of purposes including car start and automatic transmission. A solenoid in cars is a vital part of the starter and it works as a kind of liaison for electricity to reach thestarter from the battery. As the production of vehicles are increasing at a steady rate, so is the demand for solenoid. According to OICA, 94,976,569 cars were produced in 2016, a 4.6% rise from the 2015 figures of 90,780,583 cars. Therefore, the automotive solenoid market is likely to gain traction in the coming years owing to the increasing demand for cars.

Another factor that is likely to gain momentum is the use of solenoid in the automatic transmission of cars. Contemporary automatic transmission cars use a hydraulic fluid under pressure in order to change gears. Each time a gear is changed, the car’s computer system activates a solenoid (transmission), which then directs the transmission fluid into the body of the valve in order to employ the right gear. As the need for automatic transmission is increasing around the globe, the market for automotive solenoid is poised to grow at a considerable rate as well.

The global automotive solenoid market is segmented on the basis of function, vehicle type, application, and geography. By function, the market is segregated into fluid control, gas control, and motion control. The motion control segment in the global automotive solenoid market owing to the growing prevalence of automation of body control applications in a vehicle. In terms of vehicle type, the market can be divided into passenger vehicles, commercial vehicles, and electric vehicles. The passenger vehicles segment accounted for the maximum market share of the market in 2016 owing to high number of passenger vehicles and in every vehicle, automotive solenoids are used. The electric vehicle segment is likely to as the use of solenoid in electric vehicles cars is gaining momentum owing to high number of solenoids being used per car. Based on application, the market is classified into engine control and cooling system, fuel and emission control, body control and interiors, HVAC system, safety and security, others. The body control and interiors sectorheld the maximum market share in 2016 owing to its varied applications in all passenger vehicle as well as commercial vehicles and the incorporation of the same from the manufacturers’ end.

In terms of geography, the global automotive solenoidmarketcan be segmented into North America, Europe, Asia Pacific, Latin America,and Middle East &Africa.Asia Pacific is likely to dominate the global market during the forecast period. The region consistsof some of the major developing countries including India,China, and South Korea. This has resulted intoa rise in automotive solenoid volumes, with original equipment manufacturers catering to both domestic and overseas demand.

Key players operating in the global automotive solenoidmarketinclude Continental AG (Germany), Hitachi Ltd. (Japan), Robert Bosch GmbH (Germany), Delphi Automotive PLC (U.K.), Mitsubishi Electric Corporation (Japan), Johnson Electric Holding (China), and BorgWarner (U.S.)

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Automotive Solenoid Market

Pre Book