Automotive Torque Actuator Motor Market
Report ID: SQMIG25A2254
Report ID:
SQMIG25A2254 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
118
|Figures:
74
Automotive Torque Actuator Motor Market size was valued at USD 21.14 Billion in 2023 and is poised to grow from USD 22.54 Billion in 2024 to USD 37.58 Billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
The automotive torque actuator motor market witnesses a steady growth rate across the globe, driven by technological advancements, increasing demand for automotive electrification, and increasing focus on fuel efficiency and emissions reduction. Torque actuator motors enable precise control of torque distribution in modern transportation systems.
Due to stringent fuel efficiency regulations worldwide, automakers are increasingly resorting to torque actuator motors to improve engine performance and transmission performance efficiency. These devices provide precise torque management for improved fuel efficiency, and reduced emissions. The transition to electric and hybrid vehicles is driving demand for torque actuator motors. These devices are essential components of electric vehicles, contributing to torque vectors, regenerative braking, and overall vehicle dynamics.
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The global market is segmented based on product, vehicle type, sales channel, applications and region. Based on product, the market is categorized into DC motors, stepper motors, and traction motors. The vehicle type segment is bifurcated into two-wheelers, electric two-wheelers, passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV) and hybrid electric vehicle (HEV). Based on sales channel, the market is classified into OEM and aftermarket. By application, the market study is segmented into performance, safety and comfort. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Vehicle Type
The passenger car is the dominant segment in the market and represents a large portion of the overall market. The mass production and extensive use of these vehicles for personal and commercial travel greatly contributes to the demand for advanced convertibles. Automakers integrate these systems into cars that combine passenger and small commercial vehicles driving customer experience, enabling customers to experience increased satisfaction and brand loyalty.
The light commercial vehicle is the fastest growing segment in the market which encompasses vehicles including sedans, SUVs, hatchbacks and pickup trucks, catering to different customer preferences. With increasing emphasis on fuel efficiency, emission reduction, and safety regulations, advanced shifter systems can help automakers meet stringent regulations the to handle automatic manual transmissions (AMTs) and continuously variable transmissions (CVTs). The properties improve fuel efficiency and help reduce greenhouse gas emissions, in line with regulations aimed at reducing environmental impact.
Analysis by Product
DC motors are the dominating segment which are widely used in automotive torque actuator systems due to their reliability, versatility and well-established technology. They offer precise control of torque delivery, making them suitable for various applications such as throttle control, variable valve timing and turbocharger. DC motors can be tailored to specific vehicle needs, including power output, torque characteristics, and uptime Vehicle manufacturers can customize DC motor systems and to achieve desired performance and efficiency goals for a variety of vehicle models and engine configurations. DC motors are relatively cost-effective compared to other motors, making them attractive for mass production vehicles. Their wide availability and maturity contribute to cost-effective design and deployment of automotive torque actuator systems.
Stepper motors is the fastest growing segment which provides precise positioning and control, making them suitable for applications requiring precise control, such as throttle control, exhaust gas recirculation (EGR) system, and variable camshaft timing. Stepper motors work by dividing a complete cycle into discrete steps, enabling precise control of speed and position This characteristic makes them ideally suited for applications where fine flexibility is required, such as engine calibration and emission control systems. Stepper motors are compatible with digital control systems commonly used in modern vehicles. It is easily integrated into an electronic control unit (ECU).
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North America is dominating the global automotive torque actuator motor market, driven primarily by technological innovation and the presence of leading automotive manufacturers and suppliers. The automotive performance monitoring, including sports cars, luxury cars are fueling the demand for advanced transmission technologies like torque actuator motors. Moreover, regulatory provisions aimed at improving fuel efficiency and reducing emissions are driving the adoption of these devices in the market.
The Asia-Pacific region, especially China, Japan and South Korea, holds the dominant position in the global automotive torque actuator motor market. This can be attributed to the growing regional automotive industry, improved manufacturing and increasing investments with higher demand for passenger vehicles and stricter regulations.
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Drivers
Rising Demand for Enhanced Driving Experience
Technological Innovations
Restraints
High Cost of Advanced Technology
Integration challenges
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This market is highly competitive and fragmented in nature, with many players operating in the industry. These companies provide a wide variety of mobility vehicles such as electric, hydraulic, pneumatic, mechanical and other. Factors such as increasing production of automobiles, increasing demand for comfort and convenience, and government regulations strong emissions and fuel efficiency drive the market.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global automotive torque actuator motor market is an important segment of the wider automotive industry, undergoing significant growth and development driven by technological advancements, consumer preferences and regulatory pressures. Torque actuator motors play an important role in modern automotive transmission systems, thereby improving torque distribution. Precise control is enabled to improve the vehicle's overall performance, efficiency and drivability. Amid growing emissions regulations and environmental concerns, there has been increasing emphasis on fuel efficiency well improved throughout the automotive industry Torque actuator motors play an important role in improving engine performance and transmission efficiency, contributing to reduced fuel consumption and emissions. Global shift to hybrid electric vehicles is driving demand for torque actuator motors. These motors are key components in electric vehicles, supporting torque vector, regenerative braking and overall vehicle dynamics. Time with automakers expanding and demanding their electric vehicle segments.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 19.83 Billion |
Market size value in 2031 | USD 35.25 Billion |
Growth Rate | 6.6% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Torque Actuator Motor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Torque Actuator Motor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Torque Actuator Motor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Torque Actuator Motor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25A2254
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