The North America Automotive Torque Actuator Motor Market should 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 governmentenlisted 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 regionis 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.
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.
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 governmentenlisted 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 regionis 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.
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
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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- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Torque Actuator Motor Market, by Application
1.4.2 North America Automotive Torque Actuator Motor Market, by Vehicle Type
1.4.3 North America Automotive Torque Actuator Motor Market, by Distribution Channel
1.4.4 North America Automotive Torque Actuator Motor Market, by Type
1.4.5 North America Automotive Torque Actuator Motor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Automotive Torque Actuator Motor Market by Application
3.1 North America Electronic Throttle Control (ETC) Market by Country
3.2 North America Exhaust Gas Circulation (EGR) Market by Country
3.3 North America Turbocharger Market by Country
3.4 North America Others Market by Country
Chapter 4. North America Automotive Torque Actuator Motor Market by Vehicle Type
4.1 North America Passenger Car Market by Country
4.2 North America Light Commercial Vehicle Market by Country
4.3 North America Heavy Commercial Vehicle Market by Country
Chapter 5. North America Automotive Torque Actuator Motor Market by Distribution Channel
5.1 North America OEM Market by Country
5.2 North America Aftermarket Market by Country
Chapter 6. North America Automotive Torque Actuator Motor Market by Type
6.1 North America Pneumatic & Mechanical Market by Country
6.2 North America Electrical Market by Country
Chapter 7. North America Automotive Torque Actuator Motor Market by Country
7.1 US Automotive Torque Actuator Motor Market
7.1.1 US Automotive Torque Actuator Motor Market by Application
7.1.2 US Automotive Torque Actuator Motor Market by Vehicle Type
7.1.3 US Automotive Torque Actuator Motor Market by Distribution Channel
7.1.4 US Automotive Torque Actuator Motor Market by Type
7.2 Canada Automotive Torque Actuator Motor Market
7.2.1 Canada Automotive Torque Actuator Motor Market by Application
7.2.2 Canada Automotive Torque Actuator Motor Market by Vehicle Type
7.2.3 Canada Automotive Torque Actuator Motor Market by Distribution Channel
7.2.4 Canada Automotive Torque Actuator Motor Market by Type
7.3 Mexico Automotive Torque Actuator Motor Market
7.3.1 Mexico Automotive Torque Actuator Motor Market by Application
7.3.2 Mexico Automotive Torque Actuator Motor Market by Vehicle Type
7.3.3 Mexico Automotive Torque Actuator Motor Market by Distribution Channel
7.3.4 Mexico Automotive Torque Actuator Motor Market by Type
7.4 Rest of North America Automotive Torque Actuator Motor Market
7.4.1 Rest of North America Automotive Torque Actuator Motor Market by Application
7.4.2 Rest of North America Automotive Torque Actuator Motor Market by Vehicle Type
7.4.3 Rest of North America Automotive Torque Actuator Motor Market by Distribution Channel
7.4.4 Rest of North America Automotive Torque Actuator Motor Market by Type
Chapter 8. Company Profiles
8.1 NSK Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.2 HIWIN Technologies Corp.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.3 Mabuchi Motor Co., Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.4 MITSUBA Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.5 Continental AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.6 Johnson Electric Holdings Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.7 CTS Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expenses
8.8 ElectroCraft, Inc. (DMI Technology Corporation)
8.8.1 Company Overview
8.9 Val-Matic Valve & Manufacturing Corporation (A.Y. McDonald Manufacturing Company)
8.9.1 Company Overview
8.10. Bray International, Inc.
8.10.1 Company Overview
Companies Mentioned
- 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.
Methodology
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