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The Global Automotive Torque Actuator Motors Market size is estimated to grow by USD 3,372.46 million between 2022 and 2027. The market size is forecast to increase at a CAGR of 6.62%. The growth of the market depends on several factors, including the increased popularity and adoption of EVs, the high spending by consumers on advanced features of vehicles, and the innovation in automotive actuator technologies. The US holds the largest market share for the market. In 2021, the market in US was valued at USD 1,972.89 million.
Atiactuators is a prominent company in the market. The company offers products such as ATI Gas motor actuator control package that utilizes high-pressure poppet valve technology to provide reliable, maintenance-free control of gas motor actuators. Besides analyzing the current market scenario, our report examines historical data from 2017 to 2021.
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This market report extensively covers market segmentation by application (ETC, turbocharger, and EGR), vehicle type (passenger vehicles and commercial vehicles), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The market share growth by the ETC segment will be significant during the forecast period. The ETC segment was valued at USD 3,366.62 million in 2017 and continued to grow until 2019. Electronic Throttle Control (ETC) is a system used in modern vehicles to regulate the throttle opening and control the torque output of the engine. Torque actuators play a crucial role in the functioning of various automotive systems, such as the powertrain, braking system, steering system, and active suspension system. The use of torque actuators in ETC systems provides numerous benefits, including improved drivability, enhanced fuel efficiency, and the ability to integrate with advanced vehicle systems.
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The growing demand for automotive actuators can be attributed to the increasing adoption of electric vehicles, the rise of autonomous driving, the focus on enhanced vehicle performance and efficiency, the emphasis on safety and stability, and advancements in actuator technology. Therefore, with the growing adoption of EVs, the global market is expected to witness high growth during the forecast period.
Based on vehicle type, passenger vehicle holds the largest market share. The passenger vehicles segment was valued at USD 6,076.78 million in 2021. The electric vehicle (EV) market's rapid growth has spurred the need for torque actuators, which are essential for precise torque control in electric powertrains. As passenger EV adoption increases, the demand for torque actuators in this sector rises as well. They are vital for implementing various advanced driver assistance systems like adaptive cruise control, lane-keeping assist, automated parking, and collision avoidance. Torque actuators play a significant role in enhancing power delivery, torque distribution, acceleration, handling, and overall driving experience, positively impacting the global automotive torque market's growth.
APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In modern automotive systems, especially in vehicles equipped with advanced features such as electric power steering, stability control, and hybrid or electric drivetrains, torque actuators play a vital role. These actuators are crucial in controlling and adjusting torque distribution, leading to improved vehicle performance, safety, and efficiency. With the increasing demand for electric and hybrid vehicles in the Asia-Pacific (APAC) region, the adoption of the products is expected to rise. EVs require sophisticated torque control systems to manage power distribution, optimize energy consumption, and enhance traction.
As APAC countries promote clean and sustainable transportation solutions, the demand in the region is likely to grow. Additionally, the integration of advanced driver assistance systems (ADAS) and autonomous driving technologies in vehicles will further drive the demand in APAC, fueling the growth of the regional market in the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased popularity and adoption of EVs is a primary factor driving the market growth. The surge in electric vehicle (EV) popularity is a key factor driving the demand for the motors. EVs rely on electric motors for propulsion, and the product motors play a vital role in controlling and delivering torque to the wheels. As the demand for EVs continues to rise, so does the need for actuator motors. These motors are responsible for regulating the torque output of EVs, ensuring efficient and precise control over torque distribution in the powertrain. Consequently, the increasing demand for and sales of EVs will have a positive impact on the global market during the forecast period.
Autonomous Driving and Advanced Driver Assistance Systems (ADAS) gaining traction is a major trend shaping the market growth. Torque actuator motors are essential components for the advancement of autonomous driving technologies and Advanced Driver Assistance Systems (ADAS). They play a critical role in steering assist systems, lane-keeping assist, and adaptive cruise control, providing the necessary torque and control for automated driving functionalities. The growing integration of autonomous and ADAS features in vehicles is driving the demand for motors. These motors are crucial for controlling steering and braking in autonomous driving systems, allowing precise management of vehicle movements. With the increasing popularity of autonomous and electric vehicles, the demand is expected to surge, positively impacting the global market during the forecast period.
High costs associated with torque actuators are a major challenge hindering market growth. The global market faces a significant challenge concerning cost. Electric vehicle components tend to be costly due to factors like specialized manufacturing processes, materials, and limited economies of scale. Achieving a balance between lowering the cost of the actuators while ensuring performance and reliability is crucial for widespread adoption. The increasing adoption of automation in the automotive industry has made high-precision actuator motors indispensable. To meet these demands, torque actuator manufacturers must invest more in research and development to drive innovation in their products and remain competitive in the market. However, this increased investment in R&D may lead to higher manufacturing costs for actuator vendors, potentially impacting the growth of the global market during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Curtisswright- The company offers automotive torque actuator motors such as GTX Series.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Automation Technology Inc., Bray International Inc., Crane Holdings Co., CTS Corp., Curtiss Wright Corp., ElectroCraft Inc., Emerson Electric Co., Flowserve Corp., Hiwin Technologies Corp., Honeywell International Inc., Johnson Electric Holdings Ltd., Moog Inc., NSK Ltd., Pentair Plc, Rockwell Automation Inc., SMC Corp., SONCEBOZ SA, Tolomatic Inc., Val Matic Valve and Manufacturing Corp., and Woodward Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Market is undergoing a profound transformation, propelled by the widespread integration of Automotive direct current (DC) motors within vehicle turbochargers. This integration not only enhances airflow dynamics but also optimizes speed, thereby contributing to improved fuel efficiency across a wide range of automotive applications. Moreover, the adoption of direct drive systems, powered by automotive DC motors, has revolutionized engine performance, particularly in conjunction with advanced Exhaust gas circulation (EGR) systems and Exhaust gas recirculation (EGR).
With a significant increase in vehicle production, particularly in developing countries, there has been a corresponding surge in the demand for battery electric vehicles. This surge has created a pressing need for torque actuator motors that can efficiently manage power distribution within these vehicles. Key industry players like Continental AG and Rheinmetall are at the forefront of innovation, offering cutting-edge solutions tailored to meet the demands of various vehicle segments, including passenger cars, light commercial vehicles, and heavy-duty trucks.
The market landscape is further shaped by emerging trends such as turbocharger downsizing and the integration of exhaust heat recovery systems, both of which are aimed at enhancing overall vehicle performance while simultaneously addressing concerns related to climate change and emissions reduction. Additionally, initiatives such as government incentives and policies, including the Clean Vehicle Rebate Project (CVRP) and clean car discounts, are driving the adoption of fuel-efficient and environmentally friendly vehicles.
Innovations in motor technology, including advancements in brushless DC motors and the development of rotary and linear turbo actuators, are paving the way for enhanced product performance and efficiency. These advancements are crucial for meeting the evolving needs of modern automotive applications, including front-wheel drive, all-wheel drive, and 4WD vehicles, and ensuring optimal performance across diverse driving conditions and terrains.
Market Scope |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.62% |
Market growth 2023-2027 |
USD 3,372.46 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.3 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 34% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Automation Technology Inc., Bray International Inc., Crane Holdings Co., CTS Corp., Curtiss Wright Corp., ElectroCraft Inc., Emerson Electric Co., Flowserve Corp., Hiwin Technologies Corp., Honeywell International Inc., Johnson Electric Holdings Ltd., Moog Inc., NSK Ltd., Pentair Plc, Rockwell Automation Inc., SMC Corp., SONCEBOZ SA, Tolomatic Inc., Val Matic Valve and Manufacturing Corp., and Woodward Inc. |
Market dynamics |
Parent market analysis, Market forecasting, market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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