North America Automotive Torque Actuator Motor Market

North America 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-13710 Publication Date: February-2023 Number of Pages: 78
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Market Report Description

The North America Automotive Torque Actuator Motor Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).

The torque level that an actuator can produce is expressed numerically as actuator torque. The word "torque" refers to the degree to which motive energy bends a body around a point or its axis. A high-performance racing vehicle, which tends to twist or lift to one side as the engine is cranked, is an excellent illustration of this. This response is brought on by the engine's torque, which, while being utilized to propel the vehicle ahead along its own axis, also rotates the car about its axis. Simply put, a device will be able to apply more power across a broader variety of operating loads the greater torque it can produce.

Pushing anything causes a straight-line motion, a visible demonstration of force. Contrarily, torque is best explained as the outcome of applying pressure to a wrench to spin a bolt around its axis. The same holds when a screwdriver is used to remove a stubborn screw. A significant amount of torque is created and applied to the screw by the force exerted on the screwdriver handle if it is well-designed and does not slide in one's hand. When defining actuator torque, the same rules that govern what factors affect how well similar forces may produce rotational motion also apply.

With the ability to create jobs, boost local manufacturing, battle climate change, and achieve environmental justice, the US is now well-positioned to lead the EV future. The government enlisted the support of manufacturers and autoworkers to achieve the bold goal of 50% electric car sales in the US by 2030. In addition to other robust new "Made in America" rules, this economic approach has boosted domestic manufacture of EVs, chargers for EVs, and batteries. Also, the Inflation Reduction Act is bringing down the price of new and used EVs for customers and fostering more stable market conditions for the automotive sector. Due to the government's intensified efforts to promote the adoption and production of electric cars in regional nations, the market for automotive torque actuator motors in the region is surging.

The US market dominated the North America 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 $2,450.5 million by 2028. The Canada market is experiencing a CAGR of 7.2% during (2022 - 2028). Additionally, The Mexico market would exhibit 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Automotive Torque Actuator Motor Market is Estimated 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

  • US
  • Canada
  • Mexico
  • Rest of North America

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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