Automotive
torque actuator motors can be divided into pneumatic motors and electric motors
according to different types. Driven by air, pneumatic motors use vacuum or
compressed air to convert energy into linear or rotary motion. Air pressure and
flow determine speed and torque. An electric motor is a device that
converts electrical energy into mechanical energy, and can reuse mechanical
energy to generate kinetic energy to drive other devices. Electric motors are
roughly divided into AC motors and DC motors for different occasions. Due to
the high working efficiency and convenient use, motors can meet various
operating requirements, so they are widely used in industries such as
industrial and agricultural production, transportation, and medical electrical
appliances. The market is very broad, with a market share of 96.96% in 2019.
Automotive torque actuator motors can be applied to electronic throttle control systems to precisely control the opening degree of the throttle valve of the automobile engine. It can not only improve fuel usage and reduce emissions, but also improve the sensitivity of the car engine in response to acceleration, deceleration and steering commands. It has also been used in turbochargers to help reduce engine speed, thereby improving power and fuel economy. With a highly efficient, ultra-compact package, automotive torque actuator motors provide powerful and precise electric control for exhaust gas recirculation (EGR) systems. The entire process uses electric valves to improve flow control, while selective catalytic reduction (SCR) systems use electric pumps to inject a precise amount of liquid reductant to help produce clean exhaust gas.
With the rapid development of electric vehicle technology, the efficiency of electric vehicle batteries has been improved, which has promoted the popularization of electric vehicles, so the increasing demand for electric vehicles has also affected the growth of the automotive torque actuator motor industry.
Prospect Analysis of Automotive Torque Actuator Motors Industry in Various Regions
After a period of development, the industry is at a mature stage. With the continuous upgrading of products and the development of technology and economy, the market continues to expand. The industrial automotive torque actuator motors have become a highly competitive market with high industry concentration.
Automotive torque actuator motors companies are mainly from Europe. The top three companies are Rheinmetall, Johnson Electric, and IGARASHI MOTORS INDIA. In 2019, they accounted for up to 51.99% of the revenue market share, which was 25.81%, 21.27% and 4.92%, respectively.
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Europe was the largest revenue market with a market share of 27.89% in 2015 and 26.65% in 2019, a decrease of 1.24%. In 2019, the North America market share was 23.63%, ranking second. Development of economy, increase downstream demand, technology innovation progress in these areas will promote the automotive torque actuator motors market.
The Asia-Pacific region has some of the fastest-growing economies in the world, such as China and India. In addition, the Asia-Pacific region is the largest automotive market because the increase in consumer purchasing power has triggered the demand for cars in the region. The growing demand for auto parts has further promoted the growth of the industry. In the past decade, countries and regions such as India, China, Malaysia, and Thailand have paid more and more attention to the ecological imbalance caused by automobile emissions. Regulations on vehicle emissions have caused major automakers to shift their focus to improving vehicle fuel efficiency and reducing carbon emissions. Therefore, automotive torque actuator motors in the Asia-Pacific region are expected to continue to grow, and China will become the fastest growing market.
Development Prediction of Automobile Torque Actuator Motor Under the Influence of COVID-19 Pandemic
The growth of the automotive torque actuator motors market is driven by the downstream demand market. Global economic development, increasing population, and increasing market demand have played a positive role in the expansion of the automotive torque actuator motor market. Higher product quality and more affordable products will be one of the future growth opportunities for this market.
According to our research, the global automotive torque actuator motors market has a total revenue of 1386.13 M USD back in 2015, and increased to 1477.22 M USD in 2019. We the prediction that the value of automotive torque actuator motors markets can be 1611.50 M USD by 2025. The CAGR of automotive torque actuator motors is 1.46% from 2019 to 2025.
With the
slowdown in global economic growth, global car sales have also declined. Due to
the uncertainty of import tariffs, the continuous increase in refined oil
prices and the implementation of emission standards in some regions,
consumption has fallen, and global automobile sales have fallen. This is a
major challenge facing automotive torque actuator motors. With the further
expansion of the epidemic, the suspension of production by various auto
manufacturers and the poor sales of parts and components have led to the
suspension of production by a large number of auto parts manufacturers. Therefore,
the outbreak of COVID-19 will not only affect the sales of automotive torque
actuator motors, but also affect the production. For the manufacturing industry,
the epidemic will affect companies closely connected upstream and downstream of
the industrial chain. The shortage of labor and the different starting times in
various regions have caused problems in raw materials and transportation,
affecting the normal production of some enterprises, facing the threat of
bankruptcy.
People
are paying more and more attention to environmental protection, so it is
imperative to control harmful nitrogen oxide emissions. Environmental
protection policy restrictions on fuel vehicles will become a challenge for
automotive torque actuator motors. In response to the requirements of carbon
neutrality, various countries and regions around the world have gradually
tightened emission regulations, which directly affects R&D in the technical
field of manufacturers. The growing demand for fuel efficiency, reduced carbon
efficiency, and low engine load has prompted manufacturers to increase R&D
investment to improve engine output efficiency. At the same time, competition
in new regions may become more intense. This may become a factor hindering
market growth.
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