The Asia Pacific Automotive Torque Actuator Motor Market should 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.
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 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.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- 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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- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
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- 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 Asia Pacific Automotive Torque Actuator Motor Market, by Application
1.4.2 Asia Pacific Automotive Torque Actuator Motor Market, by Vehicle Type
1.4.3 Asia Pacific Automotive Torque Actuator Motor Market, by Distribution Channel
1.4.4 Asia Pacific Automotive Torque Actuator Motor Market, by Type
1.4.5 Asia Pacific 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. Asia Pacific Automotive Torque Actuator Motor Market by Application
3.1 Asia Pacific Electronic Throttle Control (ETC) Market by Country
3.2 Asia Pacific Exhaust Gas Circulation (EGR) Market by Country
3.3 Asia Pacific Turbocharger Market by Country
3.4 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Automotive Torque Actuator Motor Market by Vehicle Type
4.1 Asia Pacific Passenger Car Market by Country
4.2 Asia Pacific Light Commercial Vehicle Market by Country
4.3 Asia Pacific Heavy Commercial Vehicle Market by Country
Chapter 5. Asia Pacific Automotive Torque Actuator Motor Market by Distribution Channel
5.1 Asia Pacific OEM Market by Country
5.2 Asia Pacific Aftermarket Market by Country
Chapter 6. Asia Pacific Automotive Torque Actuator Motor Market by Type
6.1 Asia Pacific Pneumatic & Mechanical Market by Country
6.2 Asia Pacific Electrical Market by Country
Chapter 7. Asia Pacific Automotive Torque Actuator Motor Market by Country
7.1 China Automotive Torque Actuator Motor Market
7.1.1 China Automotive Torque Actuator Motor Market by Application
7.1.2 China Automotive Torque Actuator Motor Market by Vehicle Type
7.1.3 China Automotive Torque Actuator Motor Market by Distribution Channel
7.1.4 China Automotive Torque Actuator Motor Market by Type
7.2 Japan Automotive Torque Actuator Motor Market
7.2.1 Japan Automotive Torque Actuator Motor Market by Application
7.2.2 Japan Automotive Torque Actuator Motor Market by Vehicle Type
7.2.3 Japan Automotive Torque Actuator Motor Market by Distribution Channel
7.2.4 Japan Automotive Torque Actuator Motor Market by Type
7.3 India Automotive Torque Actuator Motor Market
7.3.1 India Automotive Torque Actuator Motor Market by Application
7.3.2 India Automotive Torque Actuator Motor Market by Vehicle Type
7.3.3 India Automotive Torque Actuator Motor Market by Distribution Channel
7.3.4 India Automotive Torque Actuator Motor Market by Type
7.4 South Korea Automotive Torque Actuator Motor Market
7.4.1 South Korea Automotive Torque Actuator Motor Market by Application
7.4.2 South Korea Automotive Torque Actuator Motor Market by Vehicle Type
7.4.3 South Korea Automotive Torque Actuator Motor Market by Distribution Channel
7.4.4 South Korea Automotive Torque Actuator Motor Market by Type
7.5 Singapore Automotive Torque Actuator Motor Market
7.5.1 Singapore Automotive Torque Actuator Motor Market by Application
7.5.2 Singapore Automotive Torque Actuator Motor Market by Vehicle Type
7.5.3 Singapore Automotive Torque Actuator Motor Market by Distribution Channel
7.5.4 Singapore Automotive Torque Actuator Motor Market by Type
7.6 Malaysia Automotive Torque Actuator Motor Market
7.6.1 Malaysia Automotive Torque Actuator Motor Market by Application
7.6.2 Malaysia Automotive Torque Actuator Motor Market by Vehicle Type
7.6.3 Malaysia Automotive Torque Actuator Motor Market by Distribution Channel
7.6.4 Malaysia Automotive Torque Actuator Motor Market by Type
7.7 Rest of Asia Pacific Automotive Torque Actuator Motor Market
7.7.1 Rest of Asia Pacific Automotive Torque Actuator Motor Market by Application
7.7.2 Rest of Asia Pacific Automotive Torque Actuator Motor Market by Vehicle Type
7.7.3 Rest of Asia Pacific Automotive Torque Actuator Motor Market by Distribution Channel
7.7.4 Rest of Asia Pacific 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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