The Global Automotive Motors Market Size, By Motor Type (Brushed Motors, Brushless Motors, and Stepper Motors) By EV Motor Type (Brushed Motors, Brushless Motors, Induction Motors, Traction Motors, Stepper Motors, Others) By Vehicle Type, By Electric Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) By Function(Performance Motors, Comfort Motors, Safety Motors) By Application ( Alternator, Electronic Throttle Control (ETC), Electronic Throttle Valve Control, Electronic Variable Gear Ratio Motor, Electric Variable Valve Timing, Electric Parking Brake, Sun Roof Motor, Fuel Pump Motor, Electronically Commutated Motor (ECM), Wiper Motor, Engine Cooling Fan, Heating, Ventilation, And Air Conditioning (HVAC), Exhaust Gas Recirculation (EGR), Starter Motor, Anti-Lock Brake System, Electric Power Steering (EPS), Power Liftgate (PLG), Others) and By Region, Market Share & Forecast, Global Forecast to 2022 – 2027.
Global Automotive Motors Market
The Global Automotive Motors Market size is estimated to be USD 23.0 billion in 2022 and is projected to reach USD 28.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period, 2022 – 2027.
The Global Automotive Motors market delivers a comprehensive evaluation of the market. It does give a comprehensive analysis via research study which observes historical data & emerging technology to determine the industry’s growth drivers.
The growth of the Automotive Motors Market is attributed to the factors such as, increasing consumer spending on safety & comfort features in automobiles, rising demand for low emission ICE vehicles & the growing trend of electrification of automobiles along with the growing demand for premium vehicles. The global recovery from the Covid-19 pandemic is also a major factor leading to a stable growth in demand for these motors.
In this report study, the key trend prospects & important drivers for the Automotive Motors market’s growth are explored and analysed in depth. The market dynamics included in the report includes drivers, restraints, opportunities, and challenges, which may have a positive or negative impact on market overall growth.
Global Automotive Motors Market Report Objective
This report helps the user understand the market in terms of definition, segmentation, market potential, key trends, and industry challenges. Industry analysis were undertaken across the report’s framework, which will help readers obtain a comprehensive scenario of the market. The market statistics & data were acquired from reliable sources such as websites, annual reports of companies, journals, and other publications, then double-checked and validated by industry experts.
This report also covers PORTER’S five forces to help determine several factors like the threat of substitutes, competitive analysis, power of buyer, supplier as well as the threat of new entry. The report has classified the Global Automotive Motors Market based on, Motor Type, EV Motor Type, Vehicle Type, Electric Vehicle Type, Function, Application, and Region.
Key Players:
The Global Automotive Motors Market is dominated by major players such as Bosch, BorgWarner, ZF Group, Continental AG, AFRICA, BORGWARNER INC, Denso Corporation, INTEVA Products, LLC, Johnson Electric Holdings Limited, Bühler Motor GmbH, Magna International Inc and Valeo.
Market Taxonomy
By Motor Type
Brushed Motors
Brushless Motors
Stepper Motors
By EV Motor Type
Brushed Motors
Brushless Motors
Induction Motors
Traction Motors
Stepper Motors
Others
By Vehicle Type
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle Type
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Alternator
Electronic Throttle Control (ETC)
Electronic Throttle Valve Control
Electronic Variable Gear Ratio Motor
Electric Variable Valve Timing
Electric Parking Brake
Sun Roof Motor
Fuel Pump Motor
Electronically Commutated Motor (ECM)
Wiper Motor
Engine Cooling Fan
Heating, Ventilation, And Air Conditioning (HVAC)
Exhaust Gas Recirculation (EGR)
Starter Motor
Anti-Lock Brake System
Electric Power Steering (EPS)
Power Liftgate (PLG)
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook