PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1877431
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1877431
Automotive Solenoid Market size was valued at US$ 5,124.78 Million in 2024, expanding at a CAGR of 5.80% from 2025 to 2032.
Automotive solenoids are electromechanically operated valves. They control how quickly gases and liquids pass through various automotive systems. Their operations are powered by electric current. When electricity passes through the solenoid coil, it produces an electromagnetic suction valve core (also known as an overcoming spring due to gravity). Automotive solenoids are frequently used to redirect the flow of gas, water, oil, and other fluids.
Automotive Solenoid Market- Market Dynamics
Growing Eco-Friendly Vehicle Demand Fuels Expansion of the Automotive Solenoid Market
Increasing demand for eco-friendly vehicles is expected to drive the automotive solenoid market in the coming years. Eco-friendly vehicles are those that are designed to have a lower negative environmental impact than traditional internal combustion engine vehicles. Automotive solenoids are utilised in eco-friendly vehicles for various purposes, including enhanced efficiency, reduced emissions, and improved overall performance. For instance, in April 2023, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that electric car sales accounted for 14% of all new cars sold globally in 2022, up from 9% in 2021. Over 2.3 million electric vehicles were sold in the first quarter of 2023, a 25% increase over the same period last year. Furthermore, 14 million electric cars are expected to be sold by the end of 2023, representing a 35% increase over the previous year. As a result, the growing demand for environmentally friendly vehicles is driving the automotive solenoid market.
Automotive Solenoid Market- Key Insights
Our research analyst estimates that the global market will grow at a CAGR of approximately 5.80% from 2025-2032.
By Vehicle, passenger vehicles are the leading segment in 2025.
Engine control is the top application segment in 2025.
According to Valve Design segmentation, 3-way valves are expected to have the highest market share in 2025.
In 2025, Aftermarket will be the most dominant Sales Channel segment.
Asia Pacific generated the most revenue in 2025.
The Global Automotive Solenoid Market is segmented by Vehicle, Function, Application, Valve Design, Sales Channel, and Region.
The market is divided into three categories based on Vehicle: Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Electric Vehicles, Two Wheelers, and Passenger Vehicles. Passenger vehicles are the largest segment in this market due to their high production and sales volumes worldwide. The adoption of advanced technologies, along with the growing demand for fuel-efficient and environmentally friendly vehicles in the passenger car segment, are key drivers of growth. Solenoids are utilised in various passenger car systems, including engine control, transmission, and HVAC, to enhance performance and efficiency.
The market is divided into two categories based on Sales Channel: Aftermarket and OEMs (original equipment manufacturers). In 2025, aftermarket is the dominant sales channel. The aftermarket segment is also significant in the automotive solenoids market. This segment addresses post-purchase vehicle replacement and repair needs. The rising number of vehicles on the road, combined with an increasing average vehicle lifespan, is driving up demand for aftermarket solenoids. Vehicle owners and service centers require replacement solenoids for engine control, fuel systems, and other applications, resulting in a steady market for aftermarket items. The availability of various solenoid types, as well as the growth of e-commerce platforms, are making it easier for consumers to obtain aftermarket solenoids.
Automotive Solenoid Market- Geographical Insights
Asia Pacific is expected to dominate the automotive solenoids market, led by China, Japan, and India. The region's growing automotive industry, combined with rapid urbanization and rising disposable incomes, is driving up demand for both passenger and commercial vehicles. Government policies that encourage electric vehicle adoption and production are driving market growth in this region.
North America is another significant region in the automotive solenoids market, owing to the presence of major automakers and technological advancements in the automotive industry. The growing emphasis on vehicle safety and the adoption of advanced driver-assistance systems (ADAS) are major factors driving demand for solenoids in this region. The trend toward electric and hybrid vehicles, aided by government incentives and infrastructure development, is expected to accelerate market growth in North America.
The automotive solenoid market is extremely competitive, with several major players vying for market share. Product quality, technological innovation, pricing, and customer service are the primary factors driving competition. Some of the major companies operating in the automotive solenoids market are BorgWarner, Denso, Bosch, Schneider Electric, and Continental. These major companies are investing heavily in R&D to introduce advanced and dependable solenoids that meet the changing needs of the automotive industry. Strategic partnerships, mergers and acquisitions, and collaborations are common strategies used by market players to improve their market position and expand their product offering
In October 2024, Atar Capital announced that its affiliate, Solero Technologies, has agreed to acquire Kendrion's automotive business in Europe and the United States. This strategic move aims to strengthen Solero's portfolio of sustainable automotive products while also expanding its global presence. Solero Technologies is a global control supplier that offers a wide range of actuator and solenoid valve solutions for various automotive applications. Solero Technologies will gain additional manufacturing capabilities through this acquisition, including five plants in Europe and one in the United States.
In July 2023, Molecular Energies PLC, a UK-based molecular energy company, acquired Dual Fuel Ltd. for an undisclosed amount. The acquisition is expected to strengthen Molecular Energies' position in the hydrogen mobility market and support the development of eco-friendly vehicles. Dual Fuel Ltd. is a US-based engineering company that specializes in converting diesel engines to run on natural gas and diesel fuel, which is a type of Flex Fuel technology.