Global Automotive Motor Market Growth 2023-2029

Global Automotive Motor Market Growth 2023-2029

Motors are devices used to transfer or transform electric power according to the principle of electromagnetic induction. Automotive motors include various used in vehicles, such as powertrain motor, power seat motors, wiper motors, etc. Generally, a normal saloon car will equip about 20~30 motors and a luxury saloon car may need 3 times. For commercial vehicles, the amount of motors equipped is also more than 10. These automotive motors are very important to vehicles.

LPI (LP Information)' newest research report, the “Automotive Motor Industry Forecast” looks at past sales and reviews total world Automotive Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Motor sales for 2023 through 2029. With Automotive Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Motor industry.

This Insight Report provides a comprehensive analysis of the global Automotive Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Motor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Motor.

The global Automotive Motor market size is projected to grow from US$ 51230 million in 2022 to US$ 62160 million in 2029; it is expected to grow at a CAGR of 62160 from 2023 to 2029.

Global Automotive Motor key players include Bosch, Asmo, Mitsuba, Brose, Johnson Electric, etc. Global top five players hold a share about 20%.

China is the largest market, with a share about 15%, followed by Japan and Germany, having a total share about 20 percent.

In terms of product, Motor is the largest segment, with a share about 95%. And in terms of application, the largest application is Body, followed by Powertrain, Classis.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Motor market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Motor

Stater

Alternator

Segmentation by application

Body

Powertrain

Classis

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Bosch

Asmo

Mitsuba

Brose

Johnson Electric

Nidec

Mabuchi

Valeo Group

Mahle

SandT Motiv

Remy International

BüHLER Motor

Shihlin Electric

Jheeco

Bright

Inteva Products

Wuxi Minxian

Prestolite Electric

Zhejiang Dehong

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Motor market?

What factors are driving Automotive Motor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Motor market opportunities vary by end market size?

How does Automotive Motor break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.