According to Market Research Future (MRFR), The global automotive torque actuator motor market is estimated to expand at a CAGR of 12.36% from 2022 to 2030 (forecast period). The report examines the COVID-19 analysis of the global automotive torque actuator market and provides an exhaustive summary of market segments, current trends, growth forecasts, and business challenges from 2018 to 2023 (forecast period) to identify growth opportunities.
Automotive torque actuator motors (TAM) comprise of automobile direct current (DC) motors with electronic throttle control (ETC), turbochargers, and exhaust gas recirculation (EGR). DC motors are used in these applications to increase a vehicle's fuel efficiency and reduce emissions. The automotive actuator torque motor is used in vehicles for direct drive mechanism, and, in some cases, the geared electric motor is used as an alternative. It is primarily used to improve the process of machine production from manual to semi-automatic or fully automatic.
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Automotive Torque Actuator Motor Market Dynamics
Upgrading manufacturing technology and rising engine downsizing are the key drivers of the market. Increasing demand for fuel efficiency, reduced carbon efficiency, and low engine load will allow new entrants to come up with a better solution and maintain a full share of the revenue. Increased investment in research and development for better efficient engine output will also enhance opportunities for manufacturers. Upgrading systems will be the most significant obstacle for manufacturers. Nonetheless, increased fuel efficiency standards and stringent regulations on bad fuel emissions will impede the growth of the market in the different regions.
Moreover, innovations in automotive motor development will be a crucial factor in the growth of the market. Manufacturers in the market are continually adopting alternative motor technologies, such as BLDC motors and nanotechnology, which are possible substitutes for brushed DC motors. Due to the various advantages of BLDC motors, they are gaining popularity in different industries and applications.
The rise in engine downsizing will drive market growth. Manufacturers concentrate on engine downsizing as this increases vehicle fuel efficiency and reduces carbon emissions. The addition of a small engine decreases the vehicle's total weight and decreases the friction in the engine to improve its performance.
Furthermore, the report notes that the growing demand for EVs will affect the growth of the sector. Conventional ICE vehicles are popular in the automotive industry because they are fitted with time-tested and proven engine-mechanism and enhanced engine efficiency.
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Automotive Torque Actuator Motor Market Segmentation
The global automotive torque actuator motor market has been segmented on the basis of type, motion output, and application.
Based on type, the global automotive torque actuator motor market has been segmented into pneumatic, electric, and mechanical.
Based on motion output, the global automotive torque actuator motor market has been segmented into linear, rotary, and electric.
Based on application, the global automotive torque actuator motor market has been segmented into Electronic Throttle Control (ETC), Exhaust Gas Circulation (EGC), turbocharger and others.
Automotive Torque Actuator Motor Market Regional Analysis
Region-wise, the global automotive torque actuator motor market has been divided into four major regions such as Europe, North America, Asia Pacific and the Rest of the World.
The Asia Pacific is projected to retain a significant market share over the forecast period due to low labor costs and improved ease of business attracting manufacturers to business. The availability of infrastructure facilities and the growing demand for automobile parts further boost the industry's growth.
Automotive Torque Actuator Motor Market Key Players
The prominent participants identified by MRFR operating in the automotive torque actuator motor market include NSK (Japan), CTS (U.S.), Johnson Electric (Hong Kong), Electrocraft (U.S.), Mitsuba (India), Rheinmetall (Germany), Siko-Global (Germany), Valmatic (U.S.), Bray (U.S.), and HIWIN (U.S.)
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