Asia Pacific Automotive Torque Actuator Motor Market Size, Share & Industry Trends Analysis Report By Application, By Vehicle Type, By Distribution Channel (OEM and Aftermarket), By Type (Pneumatic & Mechanical and Electrical), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Automotive Torque Actuator Motor Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
The development of these motors is being accelerated by increased investments in electric vehicles (EVs) and rising demand for energy-efficient motors. The demand for EVs is increasing due to the lower power consumption and superior efficiency of EV motors. Also, as more people desire greener solutions, emission rules created to defend environmental sustainability boost the EV market. Hybrid electric vehicles (HEVs) are more and more popular all over the region as a result of the general public's rising demand for zero-emission autos. Several vehicle Manufacturers are presently creating cutting-edge HEV and EV designs.
Motors are used in several applications, including windscreen wipers, sunroofs, HVAC blowers, ventilated seats, power windows, sliding doors, fuel pumps, power steering, radiator fans, steerable lamps, and many more. As each new automobile model, convenience, intelligence, and safety features advance increasing the need for more motors in those cars. For instance, a typical contemporary electric car may easily contain between 12 and 40 electric motors.
The region has taken over the electric vehicle sector due to rising EV sales, notably in China. China is the world's biggest manufacturer and customer of electric cars. Public policy goals, constructive regulations, and neighborhood air quality concerns support local interests. For instance, China has required that crossover or electric car producer’s account for at least 10 percent of all new vehicle sales. Beijing only issues a certain number of burning motor vehicle registration permits each year to entice citizens to switch to electric automobiles. Consequently, these factors are the key reasons the regional automotive torque actuator motor market is propelling.
The China market dominated the Asia Pacific Automotive Torque Actuator Motor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,284.3 million by 2028. The Japan market is registering a CAGR of 5% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 6.3% during (2022 - 2028).
Based on Application, the market is segmented into Electronic Throttle Control (ETC), Exhaust Gas Circulation (EGR), Turbocharger and Others. Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on Type, the market is segmented into Pneumatic & Mechanical and Electrical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Torque Actuator Motor Market is Projected to reach USD 12.3 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NSK Ltd., HIWIN Technologies Corp., Mabuchi Motor Co., Ltd., MITSUBA Corporation, Continental AG, Johnson Electric Holdings Limited, CTS Corporation, ElectroCraft, Inc. (DMI Technology Corporation), Val-Matic Valve & Manufacturing Corporation (A.Y. McDonald Manufacturing Company), and Bray International, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Electronic Throttle Control (ETC)
- Exhaust Gas Circulation (EGR)
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Distribution Channel
- Pneumatic & Mechanical
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- NSK Ltd.
- HIWIN Technologies Corp.
- Mabuchi Motor Co., Ltd.
- MITSUBA Corporation
- Continental AG
- Johnson Electric Holdings Limited
- CTS Corporation
- ElectroCraft, Inc. (DMI Technology Corporation)
- Val-Matic Valve & Manufacturing Corporation (A.Y. McDonald Manufacturing Company)
- Bray International, Inc.
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