LAMEA Automotive Torque Actuator Motor Market

LAMEA 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

Report Id: KBV-13709 Publication Date: February-2023 Number of Pages: 92
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Market Report Description

The Latin America, Middle East and Africa Automotive Torque Actuator Motor Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).

Downsizing an engine is becoming more critical since it helps to increase a vehicle's fuel economy and lower carbon emissions. The vehicle's weight decreases due to the compact engine, increasing fuel economy. The fewer cylinders increase the engine's efficiency since less friction occurs in the engine. Also, Industry 4.0 has wholly transformed the industrial sector. Industry 4.0 integrates physical equipment on a digital platform and enables firms to realize the additional value produced through linked production processes. The manufacture of automobile TAM is likewise transitioning from manual to semi-automatic to automated production.

Mechanical transmission components, including gearboxes, timing belts, speed reducers, and worm gear drives, are not required when the payload is directly coupled to the rotor. Moreover, unlike brushed rotary motors, there is no mechanical wear since the rotor and stator are not in contact, leading to high dependability and long lifespans. A system's cost may be decreased, and maintenance can be minimized with fewer mechanical components. A torque motor system's inherent direct-drive technology produces an effective and efficient gearless assembly.

South Africa also has a significant automobile manufacturing industry. According to the International Trade Administration, the South African automotive sector contributed 4.9% of the country's total GDP in 2020. Production of autos and automotive components, the country's biggest manufacturing sector, continued to play a significant role in South Africa's industrialization process by contributing 18.7% of the value added to the manufacturing output. Due to the region's growing usage of electric cars and expanding automotive industry, the market for autonomous torque actuator motors will grow.

The Brazil market dominated the LAMEA 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 $239.5 million by 2028. The Argentina market is showcasing a CAGR of 9.1% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 8.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Automotive Torque Actuator Motor Market is Predict to reach $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:

By Application

  • Electronic Throttle Control (ETC)
  • Exhaust Gas Circulation (EGR)
  • Turbocharger
  • Others

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Distribution Channel

  • OEM
  • Aftermarket

By Type

  • Pneumatic & Mechanical
  • Electrical

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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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