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Market Overview of Global Automotive Torque Actuator Motors market:
According to our latest research, the global Automotive Torque Actuator Motors market looks promising in the next 5 years. As of 2022, the global Automotive Torque Actuator Motors market was estimated at USD 504.41 million, and it's anticipated to reach USD 589.78 million in 2028, with a CAGR of 2.64% during the forecast years.
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.
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.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Automotive Torque Actuator Motors market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Automotive Torque Actuator Motors Market Report:
Market Size Estimates: Automotive Torque Actuator Motors market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Automotive Torque Actuator Motors market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Automotive Torque Actuator Motors market
Segment Market Analysis: Automotive Torque Actuator Motors market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Automotive Torque Actuator Motors market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Automotive Torque Actuator Motors Market: Revenue and sales volume of major countries in each region
Automotive Torque Actuator Motors Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Automotive Torque Actuator Motors market in major regions.
Automotive Torque Actuator Motors Industry Value Chain: Automotive Torque Actuator Motors market raw materials & suppliers, manufacturing process, distributors, downstream customers
Automotive Torque Actuator Motors Industry News, Policies & Regulations
Key players in the global Automotive Torque Actuator Motors market are covered in Chapter 12:
Mabuchi Motor
Igarashi Electric Works Ltd.
Electrocraft
Mitsuba
Johnson Electric
CCL
CTS
In Chapter 2 and Chapter 15.1, based on types, the Automotive Torque Actuator Motors market from 2018 to 2028 is primarily split into:
Pneumatic
Electric
Mechanical
In Chapter 3 and Chapter 15.2, based on applications, the Automotive Torque Actuator Motors market from 2018 to 2028 covers:
ETC Motor
VTG Motor
EGR Motor
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Automotive Torque Actuator Motors market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028