BorgWarnerNYSE: BWA

Dublin, Nov. 19, 2024 (GLOBE NEWSWIRE) -- The "United Kingdom Automotive Actuators Market Report and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering. The United Kingdom automotive actuators market size, aided by the increasing adoption of electric vehicles (EVs) and hybrid vehicles, is projected to grow at a CAGR of 7.7% between 2024 and 2032. The market was valued at $2.61 billion in 2024 and is anticipated to reach $4.72 billion by 2032. The United Kingdom automotive actuators market growth is being driven by several key trends that reflect the broader technological advancements and changing consumer preferences in the automotive industry. One of the most significant trends is the increasing adoption of electric vehicles (EVs) and hybrid vehicles. As the UK government pushes towards reducing carbon emissions and promoting sustainable transportation, the demand for EVs has surged. This shift necessitates advanced actuator systems to manage the unique requirements of electric powertrains, battery management systems, and regenerative braking mechanisms. The rise in EV adoption is therefore a critical driver for the growth of the market. Another prominent United Kingdom automotive actuators market trend is the integration of advanced driver-assistance systems (ADAS) and autonomous driving technologies. ADAS features such as adaptive cruise control, lane-keeping assist, automatic emergency braking, and parking assistance rely heavily on precise and reliable actuator systems. As these technologies become standard in modern vehicles, the demand for high-performance actuators that can deliver swift and accurate responses to sensor inputs is increasing. This trend is further accelerated by regulatory requirements and safety standards that mandate the inclusion of specific ADAS features in new vehicles. The emphasis on vehicle comfort and convenience is also shaping the United Kingdom automotive actuators market expansion. Consumers now expect higher levels of comfort and customisation in their vehicles, driving the demand for actuators in applications like automatic climate control, adjustable seating, power windows, and sunroofs. These comfort-oriented features require sophisticated actuator systems capable of delivering smooth and quiet operation, enhancing the overall driving experience. Technological advancements in actuator design and materials are shaping the United Kingdom automotive actuators market dynamics. Manufacturers are focusing on developing compact, lightweight, and energy-efficient actuators that can fit into the increasingly constrained spaces within modern vehicles. Innovations in smart actuators, which incorporate sensors and control electronics, are also gaining traction. These smart actuators offer improved performance, diagnostics, and integration capabilities, making them suitable for complex automotive applications. The shift towards electrification and the growing adoption of 48-volt electrical systems in vehicles is another notable United Kingdom automotive actuators market trend. These higher voltage systems provide greater power and efficiency for electrical components, including actuators. As a result, there is an increasing demand for actuators compatible with 48-volt systems, particularly in applications such as electric turbochargers, active suspension systems, and advanced braking systems. The transition to higher voltage systems aligns with the broader trend of enhancing vehicle performance while improving fuel efficiency and reducing emissions. Moreover, the focus on sustainability and reducing the environmental impact of automotive production is influencing the United Kingdom automotive actuators market development. Manufacturers are exploring eco-friendly materials and production processes to minimise the carbon footprint of actuator components. This includes the use of recyclable materials, reducing energy consumption during manufacturing, and adopting green supply chain practices. The sustainability trend is driven by both regulatory pressures and consumer demand for environmentally responsible products. The aftermarket segment of the market is also experiencing growth. As vehicles become more sophisticated, the need for replacement actuators in the aftermarket increases. This United Kingdom automotive actuators market trend is supported by the growing number of vehicles on the road equipped with advanced actuator systems, which require periodic maintenance and replacement due to wear and tear. The aftermarket provides opportunities for actuator manufacturers to offer high-quality replacement parts that meet or exceed original equipment standards. Market Segmentation The United Kingdom automotive actuators market can be divided based on type, product, vehicle type, and sales channel. Market Breakup by Type

BorgWarner (BWA) could see an increase in its stock price due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).

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BWA's regular business successes and the reorganization of PowerDrive Systems are expected to improve its chances in a tough market environment.

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AUBURN HILLS, Mich., Nov. 7, 2024 /PRNewswire/ -- On November 6, 2024, BorgWarner Inc.'s Board of Directors announced a quarterly cash dividend of $0.11 for each share of common stock.

BorgWarner Inc. (NYSE:BWA) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 9:30 AM ET. The call will feature company representatives including Patrick Nolan, Frédéric Lissalde, and Craig Aaron, along with participants from various financial institutions. The conference will be facilitated by Connie.

BorgWarner (BWA) reported quarterly earnings of $1.09 per share, which is higher than the Zacks Consensus Estimate of $0.92 per share. This is an increase compared to earnings of $0.98 per share from the same period last year.

AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) has announced its results for the third quarter.