Global Automotive Torque Actuator Motors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Torque Actuator Motors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

TAM motors can meet the current market's requirements for increasing fuel economy and reducing emissions, while also improving vehicle performance and driving performance. Variable geometry turbocharger (VGT), electronic throttle control (ETC) and exhaust gas recirculation (EGR) are a few examples of TAM motor applications.

Market Overview:

The latest research study on the global Automotive Torque Actuator Motors market finds that the global Automotive Torque Actuator Motors market reached a value of USD 504.41 million in 2022. It’s expected that the market will achieve USD 589.78 million by 2028, exhibiting a CAGR of 2.64% during the forecast period.

Due to the outbreak of the COVID-19 epidemic, global interrelated auto parts suppliers have been significantly affected in the production and logistics links. In order to supply raw materials as quickly as possible, some vehicle manufacturers no longer supply them the specific location of the supplier is required, and the required parts products can be obtained through shortcuts to supply production needs.

In the environment of delayed resumption of work, the most intuitive impact on the auto market is the production capacity of major auto companies. As a major automobile producer, China, Shanghai, Guangdong and Wuhan will reduce automobile production during the epidemic. The suspension of a large number of cars will lead to a short-lived demand in the market, especially the public transportation problems faced in this epidemic, which will affect the market's car purchase demand from the side. The outbreak of the epidemic may lead to a short-term car purchase boom, especially for the rigid-need car buyers, who will clearly understand the importance of private car travel.

The further expansion of the epidemic has led to the suspension of production of various auto production companies and the failure to sell parts and components, resulting in the production status of a large number of auto parts manufacturers. Therefore, the outbreak of COVID-19 will not only affect the sales of automotive torque actuator motors, but will also affect production.

Decline in global car sales

As global economic growth slows, global car sales have also fallen. Most importantly, China is the world's largest auto market and its sales are weak. The uncertainty of import tariffs, the continuous increase in refined oil prices and the implementation of emission standards in certain regions have led to a decline in consumer consumption. As consumers postpone purchases, the decline in global car sales is inevitable. The decline in global car sales is a challenge facing automotive torque actuator motors.

Engine downsizing will drive demand for torque actuator motors

Major automakers have devoted themselves to research on reducing engine size. Engine downsizing is a technology in which a small engine is used to generate the power required by the vehicle through a supercharging device. Manufacturers are focusing on engine miniaturization, as this can improve vehicle fuel efficiency and reduce carbon emissions. Small engines can reduce the total weight of the vehicle and reduce the friction in the engine, thereby improving efficiency, and the demand for miniaturization of the engine is increasing. In terms of improving exhaust gas circulation, turbocharging, and throttle control, the torque actuator motor is used to obtain better output.

Region Overview:

Geographically, China held the largest market share – 43.64% in 2021.

Company Overview:

Johnson Electric is one of the major players operating in the Automotive Torque Actuator Motors market, holding a share of 38.48% in 2022.

Johnson Electric

Johnson Electric Holdings Limited, through its subsidiaries, designs, manufactures and markets micromotors. The Company's micromotor products are used in consumer and business product applications including automobile components, home appliances, power tools, multimedia, personal care, and business equipment.

Igarashi Electric Works Ltd.

Igarashi Electric Works Ltd. manufactures motors. The Company produces compact DC brush motors, geared motors, motor components, and other products.

Application Overview:

By application, the ETC Motor segment occupied the biggest share from 2017 to 2022.

ETC Motor

The electronic throttle control can precisely control the opening of the automobile engine throttle. Not only can it improve fuel usage and reduce emissions, it can also increase the sensitivity of the car's engine according to acceleration, deceleration and steering commands. The rapid response of the motor of the automotive torque actuator produces the best engine power, which helps to improve fuel efficiency.

VTG Motor

Automotive torque actuator motors are suitable for instantaneous position control and can be used to improve the performance of turbochargers, thereby improving power and fuel economy.

EGR Motor

Exhaust gas recirculation (EGR) is an emission control technology that enables engines to reduce exhaust emissions. Automotive torque actuator motors are applied to exhaust gas recirculation to improve performance.

Key Companies in the global Automotive Torque Actuator Motors market covered in Chapter 3:

Electrocraft
Mabuchi Motor
CCL
CTS
Johnson Electric
Igarashi Electric Works Ltd.
Mitsuba

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Torque Actuator Motors market from 2018 to 2029 is primarily split into:

Pneumatic
Electric
Mechanical

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Torque Actuator Motors market from 2018 to 2029 covers:

ETC Motor
VTG Motor
EGR Motor

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)