Automotive Torque Actuator Market is segmented by Type (Pneumatic, Electric, and Mechanical), Motion Output (Linear, Rotary, and Electric), Application (Electronic Throttle Control, Turbocharger, and Exhaust Gas Circulation) and Region.
The prominent players in the automotive torque actuator motor market include CTS (U.S.), Johnson Electric (Hong Kong), Mitsuba (India), Rheinmetall (Germany), Bray (U.S.), NSK (Japan), Electrocraft (U.S.), Siko-Global (Germany), Valmatic (U.S.), and HIWIN (U.S.).
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Global Automotive Torque Actuator Market Overview:
The automotive actuator torque motor is used in vehicles for direct drive mechanism, and in some situations, the geared electric motor is used as a substitute. It is mainly used for enhancing the machine manufacturing process from manual to semi-automatic or fully-automatic.
A torque motor is used as an actuator in automotive for the direct drive mechanism to enhance vehicle performance by reducing human efforts and mechanical failure. This type of torque actuator motor is pneumatic based, electric and mechanical based; these are used to get a better output in terms of emission results in improving exhaust gas circulation, turbocharging, throttle control, and others. The development of new and advanced materials is a major factor driving the market growth. The manufacturers are constantly working towards the development of torque actuator motor with the objective to remain competitive in the market. Automakers are working towards the development of fuel-efficient automotive torque actuator motor for eliminating excessive fuel cost and environmental fuel polluting gases. However, the growth of this market might be challenged by the stringent regulations related to pollution control in various regions.
The upgrade of manufacturing technology and increase in engine downsizing are the major driving factors of the market. Growing demand for fuel efficiency, minimized carbon efficiency and low engine load will create opportunities for new entrants to come with a better solution and hold the maximum part of the revenue share. Furthermore, increase in investment for research and development for the better effective engine output will enhance opportunities for manufacturers. Upgrades of systems will be the biggest challenge of manufacturers. However, increased requirement for fuel efficiency and strict regulation regarding bad fuel emission will hinder the growth of the market in different region. The global automotive torque actuator motor market is expected to expand at a CAGR ~12.36% during the period 2018 to 2023.
Automotive Torque Actuator Market Segmentation:
The scope of the study segments the global automotive torque actuator motor market by components, sensor type, technology, and regions.
By Motion Output:
- Electronic Throttle Control (ETC)
- Exhaust Gas Circulation (EGC)
- North America
- Asia Pacific
- Rest of the World
Automotive Torque Actuator Market Regional Analysis:
In terms of region, the global market for automotive torque actuator motor is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is expected to hold the major market revenue share over the forecast period followed by Europe and North America. Asia Pacific is expected to influence the growth of torque actuator motor market owing to low labor cost and better ease of doing the business rating. In the coming year, Europe is expected to define the acceptable limits for exhaust emissions for all new vehicles sold in Europe. North America accounted for the highest growth rate over the forecast period. Moreover, especially in China and India, there is a high demand for automobile components, and additionally, government backing for advanced technology products and fewer regulatory hurdles will boost the growth of Asia Pacific Automotive Torque Actuator Motor Market.
Scope of the Report
This study provides an overview of the Global Automotive Torque Actuator Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
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