Automotive Torque Actuator Motor Market Share, Size, Growth, Trends, Forecast TiPosted by Ajit on April 29th, 2021 AutomotiveTorque Actuator Motor Market Overview: According toMarket Research Future (MRFR), The global automotive torque actuator motormarket is estimated to expand at a CAGR of 12.36% from 2018 to 2023 (forecastperiod). The report examines the COVID-19 analysis of the global automotivetorque 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. 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 automotivetorque actuator motor market share over the forecast period due to lowlabor costs and improved ease of business attracting manufacturers to business.The availability of infrastructure facilities and the growing demand forautomobile parts further boost the industry's growth. Complete Business Report@ https://www.marketresearchfuture.com/reports/automotive-torque-actuator-motor-market-6140 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.) About MarketResearch Future: Market ResearchFuture (MRFR) is a global market research firm that takes great pleasure in itsservices, providing a detailed and reliable study of diverse industries andconsumers worldwide. MRFR's methodology integrates proprietary information withdifferent data sources to provide the client with a comprehensive understandingof the current key trends, upcoming events, and the steps to be taken based onthose aspects. Our rapidlyexpanding market research company is assisted by a competent team of researchanalysts who provide useful analytics and data on technological and economicdevelopments. Our deemed analysts make industrial visits and collect valuableinformation from influential market players. Our main goal is to keep ourclients informed of new opportunities and challenges in various markets. Weoffer step-by-step assistance to our valued clients through strategic andconsulting services to reach managerial and actionable decisions. Contact Us: Market ResearchFuture Office No.524/528, Amanora Chambers Magarpatta Road,Hadapsar Pune - 411028 Maharashtra,India +1 646 845 9312 Like it? Share it! More by this author |