Global Automotive Motors Market: Overview
The increasing demand for commercial and industrial vehicles, particularly across APAC, is reflecting positively on the growth prospects of the automotive motors market. Rise in disposable income and limited fuel worldwide are demanding for more efficient and less fuel consuming motors. As per the report released by the European Automobile Manufacturers Association (ACEA), 98.9 million motor vehicles were produced globally in 2017.[1] Owing to the fact that increase production of vehicles propels the demand in the global automotive motor market, opportunities will increment at a notable compound annual growth rate of 8.69% during the forecast period of 2019-2025, mounting on $27.81 billion worth as of 2018.
APAC is positioned as the leading region in the global automotive motors market. The report by ACEA suggested the increase production of vehicles in China by 3.5% followed by Japan and Korea by 2.6% in 2017.[2] These facts will prove to be determinants of the growth prospects in automotive motors market. The APAC offered global demand share of 45.09% in 2018, and it is expected to grow further in the near future.
Global Automotive Motors Market: Outlook
Automotive motors have electric motors that convert electric energy to mechanical energy. They are an integral part of an electric car motor or vehicle component as they are used in engine cooling fan, battery cooling, and power steering. Additionally, the automotive motors are used in high-speed motors and other systems which are well equipped with AC and DC motors and are in demand globally.
Rise in disposable income has led to increase the demand for vehicles. The perceptible increase in passenger cars and light commercial vehicles application segment has led to an increase in the automotive motors market revenue. This key application segment is anticipated to grow at a progressive CAGR of 11.34% during the aforementioned forecast period.
Global Automotive Motors Market: Growth Drivers
· Installing of powerful batteries can improve the power and strength of the motors that is driving the automotive motors market.
· Growing production and innovations in the sector such as incremented usage of electrification across various components.
· Increase innovations and integration of various safety systems such as electronic stability control (ESC), anti-lock braking system (ABS), lane keep assist are also likely to drive the automotive motors market.
Global Automotive Motors Market: Trends
· Rules and regulations enforced by the governments concerning the safety of the environment, encourage manufacturers to produce environment-friendly and efficient vehicles, which has successively resulted in an increase in the demand in the automotive motors market.
· The increasing efficiency of the engine is possible with great horsepower of the engine. The use of gasoline turns the engine runs smoothly but the alternative solution to this is use of ethanol to boost the power and green credentials. The use higher octane ethanol is increasing the car performance.
· The innovation of hybrid engine are gaining tractions from several automotive industry. The two different sources in hybrid engine are an internal combustion engine which produces power and electric motor. Both the sources together produce the power the vehicle required to operate. The boosting performance of vehicles using hybrid engine is one of the growth prospects of the automotive motor market.
· The V8 engine or the eight-cylinder V configuration engine are one of the recent technology used in vehicles for faster acceleration and more efficient exhaust system design. The growing demand for V8 engines especially for expensive cars will allow to enhance the value of the automotive motors market.
Global Automotive Motors Market: Challenges
The challenge in the automotive motor market is vehicles motor are need to be changed after certain intervals of time due to its prolonged use. Increasing innovations and efforts from various automotive manufactures find the solution of the challenges by developing the electric vehicles on the road. Electric vehicles requires the motor for the performance of the vehicle so it will not hamper the growth of the automotive motors market but the number of operations appointed to motor in electric vehicles are relatively less than other cars.
Global Automotive Motors Market: Key Players Perspective
Some of the major players in the automotive motors market are Continental AG, Denso Corporation, Magna International, Mahle Group, Mitsubishi Electric Corporation, Nidec Corporation, Valeo, Borgwarner, Johnson Electric Holdings Ltd., and Mitsuba Corporation.
Automotive Motors Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Automotive Motors Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of automotive motors market, and its segmentation on the basis of applications that includes performance motors, comfort motors, and safety motors.
Automotive Motors Market Report: Industry Coverage
The report analyses the product demands by the Automotive Motors Market on the basis of vehicle that includes commercial vehicles, passenger vehicles and two wheeler vehicles. The automotive motors market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Questions Addressed in the Automotive Motors Market Report
Is the market demand for automotive motors growing? How long will it continue to grow and at what rate?
Which type of automotive motors presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for automotive motors market?
A Few Focus Points Of This Research Are Given Below:
- Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
- Provide an overview of the product portfolio, including product planning, development, and positioning
- Discuss the role of technology companies in partnerships
- Explore the regional sales activities
- Analyze the market size and giving the forecast for current and future global automotive motors market during the forecast 2019–2025.
- Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures.
[1] https://www.acea.be/statistics/tag/category/world-production
[2] https://www.acea.be/statistics/tag/category/world-production
LIST OF TABLES
1.Global Automotive Motors Market By Product Type Market 2023-2030 ($M)1.1 DC Brushed Motors Market 2023-2030 ($M) - Global Industry Research
1.2 DC Brushless Motors Market 2023-2030 ($M) - Global Industry Research
1.3 Stepper Motors Market 2023-2030 ($M) - Global Industry Research
2.Global Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M)
2.1 Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M) - Global Industry Research
2.1.1 Passenger Cars Market 2023-2030 ($M)
2.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
2.1.3 Heavy Commercial Vehicles Market 2023-2030 ($M)
3.Global Automotive Motors Market By Vehicle Type Market 2023-2030 ($M)
4.Global Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M)
4.1 Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M) - Global Industry Research
5.Global Automotive Motors Market By Product Type Market 2023-2030 (Volume/Units)
5.1 DC Brushed Motors Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 DC Brushless Motors Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Stepper Motors Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Automotive Motors Market By Electric Vehicle Type Market 2023-2030 (Volume/Units)
6.1 Automotive Motors Market By Electric Vehicle Type Market 2023-2030 (Volume/Units) - Global Industry Research
6.1.1 Passenger Cars Market 2023-2030 (Volume/Units)
6.1.2 Light Commercial Vehicles Market 2023-2030 (Volume/Units)
6.1.3 Heavy Commercial Vehicles Market 2023-2030 (Volume/Units)
7.Global Automotive Motors Market By Vehicle Type Market 2023-2030 (Volume/Units)
8.Global Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 (Volume/Units)
8.1 Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America Automotive Motors Market By Product Type Market 2023-2030 ($M)
9.1 DC Brushed Motors Market 2023-2030 ($M) - Regional Industry Research
9.2 DC Brushless Motors Market 2023-2030 ($M) - Regional Industry Research
9.3 Stepper Motors Market 2023-2030 ($M) - Regional Industry Research
10.North America Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M)
10.1 Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Passenger Cars Market 2023-2030 ($M)
10.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
10.1.3 Heavy Commercial Vehicles Market 2023-2030 ($M)
11.North America Automotive Motors Market By Vehicle Type Market 2023-2030 ($M)
12.North America Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M)
12.1 Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
13.South America Automotive Motors Market By Product Type Market 2023-2030 ($M)
13.1 DC Brushed Motors Market 2023-2030 ($M) - Regional Industry Research
13.2 DC Brushless Motors Market 2023-2030 ($M) - Regional Industry Research
13.3 Stepper Motors Market 2023-2030 ($M) - Regional Industry Research
14.South America Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M)
14.1 Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Passenger Cars Market 2023-2030 ($M)
14.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
14.1.3 Heavy Commercial Vehicles Market 2023-2030 ($M)
15.South America Automotive Motors Market By Vehicle Type Market 2023-2030 ($M)
16.South America Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M)
16.1 Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
17.Europe Automotive Motors Market By Product Type Market 2023-2030 ($M)
17.1 DC Brushed Motors Market 2023-2030 ($M) - Regional Industry Research
17.2 DC Brushless Motors Market 2023-2030 ($M) - Regional Industry Research
17.3 Stepper Motors Market 2023-2030 ($M) - Regional Industry Research
18.Europe Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M)
18.1 Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
18.1.1 Passenger Cars Market 2023-2030 ($M)
18.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
18.1.3 Heavy Commercial Vehicles Market 2023-2030 ($M)
19.Europe Automotive Motors Market By Vehicle Type Market 2023-2030 ($M)
20.Europe Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M)
20.1 Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
21.APAC Automotive Motors Market By Product Type Market 2023-2030 ($M)
21.1 DC Brushed Motors Market 2023-2030 ($M) - Regional Industry Research
21.2 DC Brushless Motors Market 2023-2030 ($M) - Regional Industry Research
21.3 Stepper Motors Market 2023-2030 ($M) - Regional Industry Research
22.APAC Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M)
22.1 Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
22.1.1 Passenger Cars Market 2023-2030 ($M)
22.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
22.1.3 Heavy Commercial Vehicles Market 2023-2030 ($M)
23.APAC Automotive Motors Market By Vehicle Type Market 2023-2030 ($M)
24.APAC Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M)
24.1 Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
25.MENA Automotive Motors Market By Product Type Market 2023-2030 ($M)
25.1 DC Brushed Motors Market 2023-2030 ($M) - Regional Industry Research
25.2 DC Brushless Motors Market 2023-2030 ($M) - Regional Industry Research
25.3 Stepper Motors Market 2023-2030 ($M) - Regional Industry Research
26.MENA Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M)
26.1 Automotive Motors Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
26.1.1 Passenger Cars Market 2023-2030 ($M)
26.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
26.1.3 Heavy Commercial Vehicles Market 2023-2030 ($M)
27.MENA Automotive Motors Market By Vehicle Type Market 2023-2030 ($M)
28.MENA Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M)
28.1 Automotive Traction Motor Market By Electric Vehicle Type Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Automotive Motors Market Revenue, 2023-2030 ($M)2.Canada Automotive Motors Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Motors Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Motors Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Motors Market Revenue, 2023-2030 ($M)
6.Peru Automotive Motors Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Motors Market Revenue, 2023-2030 ($M)
8.Chile Automotive Motors Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Motors Market Revenue, 2023-2030 ($M)
10.UK Automotive Motors Market Revenue, 2023-2030 ($M)
11.Germany Automotive Motors Market Revenue, 2023-2030 ($M)
12.France Automotive Motors Market Revenue, 2023-2030 ($M)
13.Italy Automotive Motors Market Revenue, 2023-2030 ($M)
14.Spain Automotive Motors Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Motors Market Revenue, 2023-2030 ($M)
16.China Automotive Motors Market Revenue, 2023-2030 ($M)
17.India Automotive Motors Market Revenue, 2023-2030 ($M)
18.Japan Automotive Motors Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Motors Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Motors Market Revenue, 2023-2030 ($M)
21.North America Automotive Motors By Application
22.South America Automotive Motors By Application
23.Europe Automotive Motors By Application
24.APAC Automotive Motors By Application
25.MENA Automotive Motors By Application
26.Siemens AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Robert Bosch GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Continental AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Denso Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Magna International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Mitsubishi Electric Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Valeo S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Mahle Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Nidec Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Borgwarner Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Mitsuba Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Johnson Electric Holdings Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)