LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global automotive torque actuator motors market to grow at a CAGR of over 17% during the period 2018-2022, according to their latest market research report.
The upgrading of manufacturing technology is one of the major trends being witnessed in the global automotive torque actuator motors market. Industry 4.0 has revolutionized the manufacturing sector across the globe. Industry 4.0 connects physical devices on a digital platform and allows manufacturers to enjoy the incremental value achieved from connected manufacturing processes. The automotive TAM manufacturing process is also witnessing a shift from manual to semi-automatic to automated manufacturing.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio analysts highlight the increase in engine downsizing as a key factor contributing to the growth of the global automotive torque actuator motors (TAM) market:
Global automotive torque actuator motors market: Increase in engine downsizing
Engine downsizing is the process of using a small engine in a vehicle to deliver the power equivalent to that of a large engine. This is achieved by adding a boosting device such as a turbocharger or supercharger and the direct injection technology. This is essentially done by reducing the capacity of the engine and the number of cylinders therein.
According to a senior analyst at Technavio for automotive components, “Engine downsizing is becoming very essential day-by-day because it helps to improve a vehicle’s fuel efficiency and reduce carbon emissions. Owing to the small engine, the overall weight of the vehicle reduces, which improves its fuel efficiency. The lesser number of cylinders reduce the amount of friction in the engine, thereby increasing its efficiency.”
Global automotive torque actuator motors market: APAC’s dominance to go through 2022
This market research report segments the global automotive torque actuator motors market into the following applications (electronic throttle control, turbocharger, and exhaust gas recirculation) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three major applications, the electronic throttle control segment held the largest market share in 2017, accounting for nearly 54% of the market. However, the market share of this segment is expected to decrease by almost 13% by 2022. But, this application will dominate the global market through 2022.
APAC dominated the global automotive torque actuator motors market in 2017, accounting for a market share of around 50%. This region is expected to post steady growth, with the market share increasing by nearly 2% during the forecast period.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.