Global Automotive Motor Core Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Motor Core Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Consisting of a stator and a rotor, an automotive motor core plays a pivotal role in generating electricity within a motor. In this report, the global automotive motor core market mainly includes high speed motor movement, low speed motor movement, constant speed motor movement, governor motor movement and others.

Market Overview:

The latest research study on the global Automotive Motor Core market finds that the global Automotive Motor Core market reached a value of USD 4463.09 million in 2022. It’s expected that the market will achieve USD 6348.92 million by 2028, exhibiting a CAGR of 6.05% during the forecast period.

The production and sales of Automotive Motor Core Raw Material are affected by COVID-19

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.

For the Automotive motor core Raw Material industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Growth of downstream demand

With the continuous development of society and the continuous acceleration of industrial processes, people's living standards have been significantly improved, people's travel patterns have undergone great changes, and the new energy automobile industry downstream of the automotive motor core has been rapidly developed.

Under the trend of energy conservation and emission reduction, the world is actively seeking clean energy to replace fossil fuels, and new energy vehicles have become an important driving force for achieving carbon neutrality. New energy vehicles are pure electric vehicles (EV), hybrid electric vehicles (HEV/PHEV), fuel cell electric vehicles (FCEV), and other new energy vehicles (such as high-efficiency energy storage such as super capacitors and flywheels). At present, the market and research institutions are dominated by pure electric vehicles and hybrid vehicles

Automotive motor core is an important part of new energy vehicles. In the field of new energy vehicles, the automotive motor core plays an indispensable role. The iron core of the motor is composed of a stator and a rotor, which play a pivotal role in the internal power generation of the motor. Automotive motor core provides a source of power for pure electric vehicles (EV) and hybrid electric vehicles (HEV/PHEV).

Process technology level limitation

Automotive motor core is a technology-intensive industry. Because the performance requirements of Automotive motor cores are relatively high, the process technology level and technical reserve requirements of Automotive motor core manufacturers are also relatively high. The company can only improve the level of process technology and continue to develop new technologies. Technology and new craftsmanship can adapt to fierce market competition, which poses certain obstacles for companies that are new to the automotive motor core industry.

Region Overview:

In 2021, the share of the Automotive Motor Core market in China stood at 26.6%.

Company Overview:

Changying Xinzhi is one of the major players operating in the Automotive Motor Core market, holding a share of 8.06% in 2021.

Changying Xinzhi

Changying Xinzhi is a listed company that has long been committed to the supply of motors and their core components based on independent innovation, product development, and mold development.

Mitsui High-tec

Mitsui High-tec has been contributing to development of the electronics, automobile and industrial machinery not only in Japan but also all over the world by developing precise tooling for press, motor core, machine tools, leadframe and improving the productivity and preciseness dramatically based on high level processing skills.

Segmentation Overview:

As for product types, the High Speed Motor Movement segment held the largest market share in 2021.

High Speed Motor Movement

Speed of a motor is the magnitude of the rotational velocity of the motor shaft. In a motion application, speed of the motor dictates how fast the axis rotates – the number of complete revolutions per unit time. Applications vary in their speed requirement, depending on what is being moved and the coordination with the other components of the machine. A balance must be achieved between speed and torque, as motors typically generate less torque when run at higher speeds.

From the perspective of motor manufacturing, the higher the rated speed of the motor of the same power, the smaller the electromagnetic torque profile, the lower the cost and the lighter weight, and the high-speed motor movement has higher power factor and efficiency than the low-speed motor movement.

High speed motor movement includes special systems to deliver high rotational speeds and managed torque powered with low voltage and high voltages to operate fast-paced machinery effectively.

Low Speed Motor Movement

Low-speed synchronous motors provide highly precise speed regulation, low-speed rotation and quick bi-directional rotation. The basic construction of low-speed synchronous motors is the same as that of stepper motors. Since they can be driven by an AC power supply, they are sometimes called AC stepper motors.

Constant Speed Motor Movement

A DC motor can be referred to as a constant speed motor because it can self- regulate its speed.

the constant-speed motor as one the speed of which is either constant or does not materially vary; such motors are the synchronous motor, the induction motor with small slip, and the direct-current shunt motor.

Governor Motor Movement

A governor, or speed limiter or controller, is a device used to measure and regulate the speed of a machine, such as an engine.

Application Overview:

The market's largest segment by application is the segment Gasoline Vehicle, with a market share of 78.41% in 2021.

HEV

Hybrid electric vehicles (HEVs) are powered by an internal combustion engine in combination with one or more electric motors that use energy stored in batteries. HEVs combine the benefits of high fuel economy and low tailpipe emissions with the power and range of conventional vehicles.

EV

An electric vehicle (EV) is a vehicle that runs on electricity. That battery powers the electric motor, which propels the car forward. Since the car itself is not burning a fuel to generate movement, there are no tail-pipe emissions.

Gasoline Vehicle

A gasoline car typically uses a spark-ignited internal combustion engine, rather than the compression-ignited systems used in diesel vehicles. In a spark-ignited system, the fuel is injected into the combustion chamber and combined with air. The air/fuel mixture is ignited by a spark from the spark plug.

Key Companies in the global Automotive Motor Core market covered in Chapter 3:

Feintool
Xulie Electromotor
POSCO
Yuma Laminations
Kienle + Spiess
Lijia Electric
Ningbo Yinli Electromechanical
Mitsui High-tec
Baojie
Voestalpine
Foshan Precision Power Technology
Kuroda Precision
Sinotech
r.bourgeois
Jiarun Precision
Tongda
SWD AG
Dongguan Onlink
Eurogroup
Nibo Hongda
Wingard & Company
DANCO Precision
Suzhou Fine-stamping
Changying Xinzhi
Foshan Temyoo

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Motor Core market from 2018 to 2029 is primarily split into:

High Speed Motor Movement
Low Speed Motor Movement
Constant Speed Motor Movement
Governor Motor Movement

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Motor Core market from 2018 to 2029 covers:

Gasoline Vehicle
EV
HEV
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)