IMARC Group’s latest research report, titled “Automotive Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive motors market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global automotive motors market reached a value of US$ 35.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 49.4 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027. Automotive motors represent machines used in vehicles that convert electrical energy into mechanical energy. They generally include a stator, rotator, encoder, conducting wire, amplifier, frame, etc. Some of the commonly available automotive motors are brushless direct current (DC), traction, stepper, DC brushed, etc. They are extensively utilized in battery electric vehicles (BEVs), passenger cars, two-wheelers, heavy commercial vehicles (HCVs), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV) for enhancing performance, comfort, security, etc. Automotive motors have higher thermal efficiency and generate more power. Consequently, they are incorporated in seat cooling fans, power window motors, alternators, wiper systems, power steering motors, exhaust gas recirculation (EGR), anti-lock brake systems, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by motor type, vehicle type, sales channel and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for automotive motors market
- Strategies of major players and product offerings
The escalating demand for safety and convenience features in vehicles is primarily driving the automotive motors market. In line with this, the inflating product adoption in advanced infotainment systems, heads-up displays, central controllers, anti-lock braking systems, gesture control systems, etc., is further catalyzing the market growth. Additionally, the increasing utilization of brushed DC motors, owing to their numerous benefits, such as easy speed control, cost-effectiveness, high power, etc., is acting as another significant growth-inducing factor. Besides this, the growing need for electric vehicles (EVs), on account of the rising consumer environmental consciousness, is also positively influencing the global market. Moreover, the introduction of compact and high-efficiency product variants that aid in simplifying production processes and minimizing waste is anticipated to fuel the automotive motors market over the forecasted period.
Key Players Included in Global Automotive Motors Market Research Report:
- BorgWarner Inc.
- Brose Fahrzeugteile SE & Co. KG
- Bühler Motor GmbH
- Continental AG
- Johnson Electric Holdings Limited
- Mabuchi Motor Co. Ltd.
- MAHLE GmbH
- MITSUBA Corporation
- Mitsubishi Electric Corporation
- Nidec Corporation
- Ricardo PLC
- Robert Bosch GmbH
- Siemens AG and Valeo
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Motor Type:
- Brushed DC Motor
- Brushless DC Motor
- Stepper Motor
- Traction Motor
Breakup by Vehicle Type:
- Electric Vehicle
- Non-Electric Vehicle
Breakup by Sales Channel:
- Original Equipment Manufacturer (OEM)
Breakup by Application:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Automotive Motors Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Automotive Motors Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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