Automotive Motors Market By Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, and Stepper Motors), by Application (Performance Motors, Comfort Motors, and Safety Motors), by Vehicle Type (Passenger Cars, Two/Three Wheelers, and

Automotive Motors Market By Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, and Stepper Motors), by Application (Performance Motors, Comfort Motors, and Safety Motors), by Vehicle Type (Passenger Cars, Two/Three Wheelers, and Commercial Vehicles), by Commercial Vehicles (Light Commercial Vehicles and Heavy Commercial vehicles), by Electric Vehicle Type ( Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle, and Battery Electric Vehicle) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Automotive motors are electric systems integrated in various automotive components such as airbags, ABS, and power windows, which help enhance vehicle performance, improve safety and increase comfort. Rampant growth of the global automotive sector, especially the electric vehicle segment, along with stringent government regulations pertaining to vehicle safety are augmenting the market growth. Majorly three types of motors are used in automotive which are direct current brushed motors, direct current brushless motors, and stepper motors.
Market Dynamics
The recent past has witnessed rising adoption of electric vehicles as they are an eco-friendly option, are cost effective. Such vehicles integrate a higher number of automotive motors and thus, growing demand for such motors is expected to fuel growth of the automotive motors market. According to the International Energy Agency (IEA) report In the Paris Agreement, it was stated that 600 million electric vehicles will be on roads by 2040, which will in aid in bringing global warming to below 2°C”. Furthermore, in 2021, the global electric vehicles sales exceeded 5.1 million, which was an increase of 2 million from 2017, and double the number of new electric car sales compared to 2017.
In 2021, the hybrid electric vehicles segment held the dominant position in the market, and is projected to retain its dominance throughout the forecast period. High sales of hybrid electric vehicle are one of the major factors driving growth of the market. According to Coherent Market Insights, in 2021, global sales of plug-in vehicle reached 2.1 million units, which is around 64% higher than the sales in 2017. These include all battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) passenger cars sales, light trucks in U.S. and Canada, and light commercial vehicles in Europe and China.
Key features of the study:
This report provides an in-depth analysis of the global automotive motors market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global automotive motors market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.
Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global automotive motors market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the automotive motors market.
Detail Automotive Motors Market Segmentation:
Global Automotive Motors Market, By Product Type:
DC Brushed Motors
DC Brushless Motors
Global Automotive Motors Market, By Application:
Performance Motors
Comfort Motors
Global Automotive Motors Market, By Vehicle Segment:
Passenger Cars (excluding electric vehicles)
Two/Three Wheelers(excluding electric vehicles)
Commercial Vehicles(excluding electric vehicles)
Sub-Segment
Light Commercial Vehicles
Heavy Commercial vehicles
Global Automotive Motors Market, By Electric Vehicle:
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Battery Electric Vehicle (BEV)
Global Automotive Motors Market, By Region:
North America
By Product Type
DC Brushed Motors
DC Brushless Motors
By Application
Performance Motors
Comfort Motors
By Vehicle Segment
Passenger Cars
Two/Three Wheelers
Commercial Vehicles
Sub-Segment
Light Commercial Vehicles
Heavy Commercial vehicles
By Country
U.S.
Canada
Europe
By Product Type
DC Brushed Motors
DC Brushless Motors
By Application
Performance Motors
Comfort Motors
Safety Motors
By Vehicle Segment
Passenger Cars
Two/Three Wheelers
Commercial Vehicles
Sub-Segment
Light Commercial Vehicles
Heavy Commercial vehicles
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type
DC Brushed Motors
DC Brushless Motors
By Application
Performance Motors
Comfort Motors
Safety Motors
By Vehicle Segment
Passenger Cars
Two/Three Wheelers
Commercial Vehicles
Sub-Segment
Light Commercial Vehicles
Heavy Commercial vehicles
By Region
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Product Type
DC Brushed Motors
DC Brushless Motors
By Application
Performance Motors
Comfort Motors
Safety Motors
By Vehicle Segment
Passenger Cars
Two/Three Wheelers
Commercial Vehicles
Sub-Segment
Light Commercial Vehicles
Heavy Commercial vehicles
By Country
Brazil
Mexico
Rest of Latin America
Africa
By Product Type
DC Brushed Motors
DC Brushless Motors
By Application
Performance Motors
Comfort Motors
Safety Motors
By Vehicle Segment
Passenger Cars
Two/Three Wheelers
Commercial Vehicles
Sub-Segment
Light Commercial Vehicles
Heavy Commercial vehicles
By Country
North Africa
Central Africa
South Africa
Middle East
By Product Type
DC Brushed Motors
DC Brushless Motors
By Application
Performance Motors
Comfort Motors
Safety Motors
By Vehicle Segment
Passenger Cars
Two/Three Wheelers
Commercial Vehicles
Sub-Segment
Light Commercial Vehicles
Heavy Commercial vehicles
By Country
GCC
Israel
Rest of Middle East
Company Profiles
Siemens AG
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Robert Bosch GmbH
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Continental AG
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Denso Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Magna International
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Mitsubishi Electric Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Valeo S.A.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Mahle Group
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Nidec Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Borgwarner Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Section
References
Research Methodology
About us and Sales Contact
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