Market Synopsis:
Data experts predict the increase in engine downsizing as one of the important factors backing the automotive torque actuator motors market growth. Engine downsizing involves the use of a small engine for generating power needed for the vehicle by a boosting device, like turbocharger, direct injection technology and supercharger. Engine downsizing provides a host of benefits such as the reduction in vehicle size, which gives way to fuel efficiency as well as reduction in carbon emissions. These factors are bound to increase growth prospects of the market in the near future.
Another factor working in favor of the automotive torque actuator motors market is the imposition of regulations by governments with regard to vehicle emissions across various countries. This will boost the demand for turbochargers, which is expected to do wonders for the torque actuator motors market. Torque actuators in automobiles are used for precision and controlling vehicle parameters including the rpm, speed, engine overheating and flywheel rotation, which could boost the market demand during the evaluation period.
The report also identifies the soaring demand for electric vehicles (EVs) as a prominent factor that could accelerate market growth in the forthcoming years. Conventional (ICE) vehicles are extensively used in the automotive industry, as they have efficient engine-mechanism as well as improved engine productivity. With fast-track advancements in the EV technology, EV batteries are more efficient, which augments adoption of electric vehicles.
MRFR profiled key players in Automotive Torque Actuator Motor Market. They are:
Siko-Global (Germany), Rheinmetall (Germany), Electrocraft (U.S.), CTS (U.S.), Valmatic (U.S.), HIWIN (U.S.), Johnson Electric (Hong Kong), Mitsuba (India), Bray (U.S.), NSK (Japan), to name a few.
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Market Segmentation
The worldwide Automotive Torque Actuator Motor Market has been studied on the basis of type, motion output and application.
Depending on the type, the market is considered for pneumatic, electric and mechanical.
With respect to motion output, the market includes linear, rotary and electric.
Application-wise, the market can be narrowed down to electronic throttle control (ETC), turbocharger, exhaust gas circulation (EGC) and others. The electronic throttle control (ETC) segment is expected to note maximum growth in the Automotive Torque Actuator Motor Market.
Regional Outlook
The primary markets for automotive torque actuator motor are North America, Asia Pacific, Europe, along with the Rest of the World (RoW).
Asia Pacific is touted to grab the top position in the Automotive Torque Actuator Motor Market during the appraisal period. The region’s top-notch performance is the result of rising number of manufacturers shifting their base owing to low labor cost and ease of conducting business. Availability of advanced infrastructure facilities combined with soaring demand for automobile components also elevates the market position in the region. The cost-effective opportunities for growth of the automotive sector are bringing down the production costs, which is presumed to support market growth during the estimated period.
Surge in research & development activities along with a booming automotive sector is expected to benefit the Automotive Torque Actuator Motor Market in Europe. In addition, increasing technological advancements in the automotive industry of Germany, coupled with the rising demand for autonomous and semi-autonomous vehicles could aid in market expansion.
North America is expected to witness notable growth in the worldwide market, backed by its technologically advanced automotive and the broad range of renowned players. Some macro-economic factors boosting market growth is the expanding population along with the high per capita income that encourages the sales of automobiles in the region.
Key Questions Addressed by the Report
- What was the historic market Size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Torque Actuator Motor Market, By Type
5.1 Introduction
5.2 Pneumatic
5.2.1 Market Estimates & Forecast,
5.2.2 Market Estimates & Forecast By Region,
5.3 Electric
5.3.1 Market Estimates & Forecast,
5.3.2 Market Estimates & Forecast By Region,
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