Global Automotive Solenoid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

2-Way Valve, 3-Way Valve, 4-Way Valve, and Others.

By Vehicle Type;

Passenger Vehicle, LCV, HCV, and Electric Vehicle.

By Application;

Engine and Control Systems, and Fuel Emission Control Systems.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn982805353 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Solenoid Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Solenoid Market was valued at USD 5,411.45 million. The size of this market is expected to increase to USD 8,977.85 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.5%.

The global automotive solenoid market has been experiencing significant growth in recent years, driven by the increasing demand for automation and advanced technologies in the automotive industry. Solenoids, which are electromechanical devices used to control the flow of fluids or gases, play a crucial role in various automotive applications such as fuel injection, emission control, and engine management. As modern vehicles continue to evolve with features that enhance performance, efficiency, and safety, the adoption of solenoids in automotive systems has become more widespread. This trend is expected to continue as the automotive industry shifts towards electrification and automation, leading to an increased need for precise and reliable control mechanisms.

One of the key factors propelling the growth of the automotive solenoid market is the rising production and sales of electric vehicles (EVs). EVs require sophisticated electronic systems for optimal performance, and solenoids are integral to functions such as battery management, regenerative braking, and electric power steering. Additionally, the growing focus on reducing carbon emissions and adhering to stringent environmental regulations has prompted automakers to integrate solenoids into their designs to enhance fuel efficiency and reduce emissions. This has resulted in a higher demand for solenoids that can operate efficiently under varying conditions, further driving market growth.

Technological advancements in solenoid design and manufacturing are also contributing to the expansion of the market. Innovations such as miniaturization, improved materials, and enhanced durability have made solenoids more versatile and reliable, enabling their use in a broader range of automotive applications. Moreover, the integration of smart technologies and the Internet of Things (IoT) in automotive systems has opened new avenues for solenoid applications. These advancements have not only improved the performance and reliability of solenoids but have also reduced their cost, making them more accessible to automakers worldwide.

Geographically, the automotive solenoid market is witnessing robust growth across various regions, with Asia-Pacific leading the charge due to the presence of major automotive manufacturing hubs like China, Japan, and South Korea. The region's strong automotive production capabilities, coupled with increasing investments in electric vehicle infrastructure, are driving the demand for automotive solenoids. North America and Europe are also significant markets, driven by the adoption of advanced automotive technologies and stringent emission standards. As the automotive industry continues to innovate and evolve, the global automotive solenoid market is poised for sustained growth, supported by technological advancements, regulatory pressures, and the increasing prevalence of electric and automated vehicles.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Automotive Solenoid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing vehicle production rates
        2. Rising demand for automation
        3. Advancements in solenoid technology
        4. Growing electric vehicle market
      2. Restraints
        1. High initial investment costs
        2. Complex manufacturing processes
        3. Fluctuating raw material prices
        4. Regulatory and compliance issues
      3. Opportunities
        1. Expansion in emerging markets
        2. Development of smart solenoid systems
        3. Integration with advanced technologies
        4. Growth in aftermarket services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Solenoid Market, By Type, 2021 - 2031 (USD Million)
      1. 2-Way Valve
      2. 3-Way Valve
      3. 4-Way Valve
      4. Others
    2. Global Automotive Solenoid Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Vehicle
      2. LCV
      3. HCV
      4. Electric Vehicle
    3. Global Automotive Solenoid Market, By Application, 2021 - 2031 (USD Million)
      1. Engine and Control Systems
      2. Fuel Emission Control Systems
    4. Global Automotive Solenoid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Robert Bosch GmbH
      2. Hitachi Automotive Systems
      3. Denso Corporation
      4. Mitsubishi Electric Corporation
      5. Continental AG
      6. BorgWarner Inc
      7. Johnson Electric Holdings Limited
      8. Delphi Automotive PLC
      9. Valeo SA
      10. Johnson Controls International plc
  7. Analyst Views
  8. Future Outlook of the Market