Global Automotive Torque Actuator Motor Market

Automotive Torque Actuator Motor Market Size, Share, Growth Analysis, By Product (Dc Motors, Stepper Motors, and Traction Motors), By Vehicle Type(Two-wheelers, Electric Two-wheelers, Passenger Cars, Light Commercial Vehicles (LCVs)), By Sales Channel(OEM and Aftermarket), By Application(Performance, Safety and Comfort), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2254 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 118 | Figures: 74

Automotive Torque Actuator Motor Market Regional Insights

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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Automotive Torque Actuator Motor Market size was valued at USD 19.83 Billion in 2022 and is poised to grow from USD 21.14 Billion in 2023 to USD 35.25 Billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).

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. 'Denso Corporation - Japan', 'Valeo SA - France', 'BorgWarner Inc. - US', 'Hitachi, Ltd. - Japan', 'Mitsubishi Electric Corporation - Japan', 'Hella GmbH & Co. KGaA - Germany', 'Aisin Seiki Co., Ltd. - Japan', 'Mahle GmbH - Germany', 'ZF Friedrichshafen AG - Germany', 'Nidec Corporation - Japan', 'WABCO Holdings Inc. - Belgium', 'Magna International Inc. - Canada', 'Rheinmetall Automotive AG - Germany', 'HELLA KGaA Hueck & Co. - Germany', 'Infineon Technologies AG - Germany', 'Mabuchi Motor Co., Ltd. - Japan', 'CTS Corporation - US'

The automotive industry is seeing a demand for advanced shifter systems due to increased focus on enhancing the overall driving experience. Customers are looking for smoother, more convenient ways to drive modified vehicles with improved ergonomics and improved handling comfort, recognition of technology.

Increasing Adoption of Electrically Assisted Turbochargers: An emerging trend in the automotive torque actuator motor market is the increasing adoption of electrically assisted turbochargers. These systems use torque actuator motors to control turbine speed, optimize boost pressure and improve engine responsiveness, especially at low speeds electric turbocharging technology is gaining traction as automakers seek to boost performance and the increased fuel efficiency of combustion engines.

North America is dominating the 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.

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Global Automotive Torque Actuator Motor Market

Report ID: SQMIG25A2254

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