AutomotiveTorque Actuator Motor Market Overview:
According toMarket Research Future (MRFR), The global automotivetorque actuator motor market size is estimated to expand at a CAGR of12.36% from 2018 to 2023 (forecast period). The report examines the COVID-19analysis of the global automotive torque actuator market and provides anexhaustive summary of market segments, current trends, growth forecasts, andbusiness challenges from 2018 to 2023 (forecast period) to identify growthopportunities.
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Automotivetorque actuator motors (TAM) comprise of automobile direct current (DC) motorswith electronic throttle control (ETC), turbochargers, and exhaust gasrecirculation (EGR). DC motors are used in these applications to increase avehicle's fuel efficiency and reduce emissions.The automotive actuator torquemotor is used in vehicles for direct drive mechanism, and, in some cases, thegeared electric motor is used as an alternative. It is primarily used toimprove the process of machine production from manual to semi-automatic orfully automatic.
MarketDynamics
Upgradingmanufacturing technology and rising engine downsizing are the key drivers ofthe market. Increasing demand for fuel efficiency, reduced carbon efficiency,and low engine load will allow new entrants to come up with a better solutionand maintain a full share of the revenue. Increased investment in research anddevelopment for better efficient engine output will also enhance opportunitiesfor manufacturers. Upgrading systems will be the most significant obstacle formanufacturers. Nonetheless, increased fuel efficiency standards and stringentregulations on bad fuel emissions will impede the growth of the market in thedifferent regions.
Moreover,innovations in automotive motor development will be a crucial factor in thegrowth of the market. Manufacturers in the market are continually adoptingalternative motor technologies, such as BLDC motors and nanotechnology, whichare possible substitutes for brushed DC motors. Due to the various advantagesof BLDC motors, they are gaining popularity in different industries andapplications.
The rise inengine downsizing will drive market growth. Manufacturers concentrate on enginedownsizing as this increases vehicle fuel efficiency and reduces carbonemissions. The addition of a small engine decreases the vehicle's total weightand decreases the friction in the engine to improve its performance.
Furthermore, thereport notes that the growing demand for EVs will affect the growth of thesector. Conventional ICE vehicles are popular in the automotive industrybecause they are fitted with time-tested and proven engine-mechanism andenhanced engine efficiency.
MarketSegmentation
The global automotivetorque actuator motor market has been segmented on the basis of type, motionoutput, and application.
Based on type,the global automotive torque actuator motor market has been segmented intopneumatic, electric, and mechanical.
Based on motionoutput, the global automotive torque actuator motor market has been segmentedinto linear, rotary, and electric.
Based onapplication, the global automotive torque actuator motor market has beensegmented into Electronic Throttle Control (ETC), Exhaust Gas Circulation(EGC), turbocharger and others.
RegionalAnalysis
Region-wise, theglobal automotive torque actuator motor market has been divided into four majorregions such as Europe, North America, Asia Pacific and the Rest of the World.
The Asia Pacificis projected to retain a significant market share over the forecast period dueto low labor costs and improved ease of business attracting manufacturers tobusiness. The availability of infrastructure facilities and the growing demandfor automobile parts further boost the industry's growth.
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Key Players
The prominentparticipants identified by MRFR operating in the automotive torque actuatormotor 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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