Automotive solenoid market seen reaching $7.6 billion by 2031

Allied Market Research says the global automotive solenoid market will grow from $4.6 billion in 2021 to $7.6 billion by 2031, driven by EV adoption, automation and broader automotive demand. Asia-Pacific led the market in 2021, while fuel and emission control is projected to be one of the faster-growing uses.

Why it matters: - The automotive solenoid market is tied to vehicle electrification, emissions systems and automated controls, so its growth tracks broader shifts in the auto industry. - Allied Market Research projects the market will expand at a 5.3% CAGR from 2022 to 2031. - The forecast points to steady demand even as diesel sales weaken and raw material prices fluctuate.

What happened: - Allied Market Research published a report on the global automotive solenoid market. - The market was valued at $4.6 billion in 2021. - The market is estimated to reach $7.6 billion by 2031. - The report was issued from Wilmington, Delaware, on June 10, 2026. - A sample copy is available here.

The details: - The market is segmented by vehicle type, application, type and region. - Vehicle types include passenger vehicles, light commercial vehicles, heavy commercial vehicles and electric vehicles. - Applications include engine control, fuel and emission control, HVAC and others. - Product types include 2-way valves, 3-way valves, 4-way valves and others. - The report covers North America, Europe, Asia-Pacific and LAMEA. - Passenger vehicles led the market in 2021 by revenue. - Asia-Pacific held the largest market share in 2021. - Fuel and emission control is projected to grow at a 5.4% CAGR during the forecast period. - China is the main growth driver in Asia-Pacific because of the region’s automotive outlook. - The U.S. is expected to post notable growth in North America during the forecast period.

Between the lines: - EV adoption and rising automation are creating demand for solenoids across more vehicle systems. - Declining diesel vehicle sales could pressure some legacy demand streams. - Raw material price swings may make the market more volatile for suppliers. - The report also flags autonomous vehicles and automotive manufacturing automation as growth opportunities. - The COVID-19 shock hurt the automotive sector, but the report expects demand to improve as markets reopen.

What’s next: - Allied Market Research expects demand for automotive solenoids to rise as lockdown-related disruptions fade. - The report highlights continued opportunity in autonomous vehicle development and factory automation. - The study identifies major market players including Robert Bosch GmbH, Hitachi, Mitsubishi Electric, Continental, Johnson Electric, BorgWarner, Padmini VNA Mechatronics, Global Point Magnetics Asia, Nidec and Denso. - More information is available here.

The bottom line: - Automotive solenoids are a modest but growing component market, and EVs plus automation are likely to keep demand moving upward through 2031.