Automotive Motors Market By APPLICATION (HVAC, Engine, Safety and Security, Others), By VEHICLE TYPE (Two-wheelers, ICE Passenger Car, ICE Commercial Vehicle, Electric Vehicle), By Type (DC Brushed Motors, Brushless DC Motors, Stepper Motors, Traction Motors): Global Opportunity Analysis and Industry Forecast, 2023-2032
An automotive motor is designed to translate a type of energy (such as electric) into mechanical energy. The combination of the mechanics and electronics has led to incorporate increased number of motors in vehicles owing to its comfort and convenience features. Automotive motors have applications in electronic power steering, seating control, electric vehicles drivetrain, and others.
The automotive motors market is driven by factors such as increase in global vehicle production, high demand for safety and convenience features, and rise in requirement of electric vehicles.
Over the past few years, the automotive industry has been witnessing increased demand for advanced features in vehicles such as power steering system, climate control system, anti-lock braking system, and others. This has led to rise in applications of motor in automobile, thereby driving the growth of this market. Moreover, in developed economies, such as the U.S., there is rise in demand for enhanced convenience, safety, and comfort in automobiles. Features of comfort, luxury, safety, and security benefits, such as steering-mounted controls, heads-up displays, advanced infotainment systems, gesture control systems, telematics, and central controllers, are in demand. Furthermore, the automotive market has witnessed an increase in number of electronic components & software content in vehicles across the globe that offers the latest technology-based infotainment and telematics system. For instance, in September 2018, Renault-Nissan-Mitsubishi and Google collaborated for in-vehicle next-gen infotainment system. The launch for the embedded android-based operating system for vehicles is expected by 2021. Further, safety and convenience features, such as automatic emergency braking system (AEBS), lane-keeping assist, blind-spot warning, lane-departure warning system (LDWS), pedestrian & cyclist detection, and automatic high-beam headlights, are trending in the market presently. All these factors are expected to fuel the demand for automotive motors.
However, increased weight and cost of the overall system restrict the market growth. Moreover, wide number of applications employing the use of electric motors, and concept of autonomous cars creates lucrative growth opportunities for the market.
The automotive motors market is segmented into type, vehicle type, application, and region. On the basis of type, the market is segmented into DC brushed motors, brushless DC motors, stepper motors, and traction motors. On the basis of vehicle type, it is categorized into two-wheelers, ICE Passenger Cars, ICE Commercial Vehicle, and Electric Vehicle. The applications covered in the study include HVAC, Engine, Safety and Security, and Others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market include BorgWarner Inc., Continental AG, DENSO CORPORATION, Johnson Electric Holdings Limited, Mitsuba Corporation, MABUCHI MOTOR CO., LTD., Nidec Corporation, Robert Bosch GmbH, Siemens AG, and VALEO.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive motors market analysis from 2022 to 2032 to identify the prevailing automotive motors market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive motors market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive motors market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeDC Brushed Motors
Brushless DC Motors
Stepper Motors
Traction Motors
By APPLICATIONHVAC
Engine
Safety and Security
Others
By VEHICLE TYPETwo-wheelers
ICE Passenger Car
ICE Commercial Vehicle
Electric Vehicle
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersBuhler Motor GmbH
Continental AG
Robert Bosch GmbH
Valeo
Johnson Electric Holdings Limited
BorgWarner Inc.
Magna International Inc.
DENSO CORPORATION
Marelli Holdings Co., Ltd.
Inteva Products, LLC
Please Note: It will take 7-10 business days to complete the report upon order confirmation.