Global Automotive Throttle Body Assembly Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Throttle Body Assembly Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A throttle body assembly is an integral part of a fuel-injected engine’s air intake system. Its function is to regulate the amount of air that flows into the engine – accounting for factors such as throttle (gas pedal) position, idle speed, cold start warmup, and more. Typically, the Automotive Throttle Body Assembly is located between the air filter and the intake manifold connected to the mass airflow sensor. Most vehicles have only one throttle body; however, many high-performance cars may actually have one throttle body for each given cylinder.

Market Overview:

The latest research study on the global Automotive Throttle Body Assembly market finds that the global Automotive Throttle Body Assembly market reached a value of USD 5095.37 million in 2022. It’s expected that the market will achieve USD 4819.4 million by 2028, exhibiting a CAGR of -0.92% during the forecast period.

Market Challenges and Impact

In recent years, in the context of global energy conservation and emission reduction, the automobile industry is gradually realizing the requirements of cleanliness and environmental protection. Among them, the sales of pure electric vehicles continued to grow. In 2021, electric vehicle sales will reach 6.6 million units, accounting for nearly 9% of the global auto market, and the market share has more than tripled from two years ago, the data shows. Almost all of the net increase in global car sales in 2021 will come from electric vehicles. In China, despite policy subsidies, sales growth in 2021 suggests that the country's EV market may begin to mature. In Europe, the surge in EV sales has been driven in part by new CO2 emissions standards. Subsidies for EV purchases have also increased and expanded in most major European markets. In the U.S., the EV market is still largely dominated by Tesla, which accounts for more than half of all EV sales.

In addition, encouraged by policy and driven by consumer demand, many automakers have detailed plans to electrify most of their fleets over the next decade. Some of them announced the goal of a fully electrified lineup within five years. American Honda Motor Co., for example, aims to have zero-emission electric vehicles in all of its sales by 2040.

Since the operation of a pure electric vehicle does not require a throttle body assembly. Growing demand for electric vehicles is expected to restrain the automotive throttle body assembly market in the coming years.

At present, there are many manufacturers of Automotive Throttle Body Assembly in the world, and the competition is fierce. Multinational enterprises and joint ventures have a larger market share by virtue of their advantages in capital, technology, management, and internal supporting facilities. Most SMEs are small in scale and have a low market share.
At the same time, with the development of the global automobile market and the diversification of automobile.

Region Overview:

From 2023-2028, APAC is estimated to witness robust growth prospects.

Company Overview:

Bosch is one of the major players operating in the Automotive Throttle Body Assembly market, holding a share of 22.76% in 2022.

The Bosch Group is a world-leading technology and service provider. It has approximately 401,300 employees worldwide (as of December 31, 2021). Its business is divided into four business segments: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for the smart home, Industry 4.0 and connected mobility. Bosch is pursuing a sustainable, safe and exciting mobility vision. It leverages its expertise in sensor technology, software and services, as well as its own IoT cloud, to provide its customers with connected, cross-domain solutions from a single source. The strategic goal of the Bosch Group is to facilitate connected living through products and solutions that incorporate or are developed or manufactured with the help of artificial intelligence (AI). Bosch improves the quality of life around the world through innovative and passionate products and services. In short, Bosch creates technology invented for life.

Delphi Technologies, a BorgWarner brand, is the global aftermarket leader supporting next-generation talent, firstto-market innovation, market-leading products and intelligent service solutions for a better, more connected today and tomorrow. Delphi's mission is to bring the best of both worlds to OES and independent aftermarket customers, ensuring real-time aftermarket resources exist while charging for the next step. Delphi is committed to developing solutions that prepare technicians around the world to help vehicles become cleaner, better and farther throughout their life cycle.

Segmentation Overview:

Among different product types, Actuator segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Vehicles segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automotive Throttle Body Assembly market covered in Chapter 3:

Holley Performance Products
Delphi
Bosch
Hitachi
Magneti Marelli
Edelbrock
Zhejiang Hongke Autoparts
Continental
BING Power Systems
BBK Performance
DENSO
Jenvey Dynamics
Aisin

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Throttle Body Assembly market from 2018 to 2029 is primarily split into:

Actuator
Throttle Plate
Throttle Position Sensor

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Throttle Body Assembly market from 2018 to 2029 covers:

Passenger Vehicles
Commercial Vehicles

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)