Automotive Arial Flux Motor Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

Automotive Arial Flux Motor Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

The global automotive arial flux motor market is projected to grow at a significant CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rising adoption of arial flux motors across various industries and increasing sales and production of electric vehicles. Besides, growing advancements in motor technology and high investments by market players to develop innovative solutions are supporting the growth of the global automotive arial flux motor market.

Growing awareness of the environmental consequences of greenhouse gas emissions, such as rapid climatic change and rising temperatures, is driving the adoption of green energy. The electric vehicle has zero emissions and does not harm the environment because it is powered by electricity rather than fossil fuels that emit harmful pollutants as a byproduct. As a result, rising consumer environmental consciousness is propelling electric vehicle sales and production.

In 2021, approximately 5.6 million EVs were sold globally. The electric vehicle market is in its early stages, but it is expected to see massive demand from around the world in the coming years, boosting the global automotive arial flux motor market growth. Automotive arial flux is a necessary component of transmission assemblies and is used in electric vehicles to improve driver control. The automotive arial flux motor is suitable for use across all types of electric vehicles, including two-wheelers, passenger cars, light commercial vehicles (LCV), and medium and heavy commercial vehicles (M&HCV).

To stay competitive, market players are investing heavily in upgrading existing infrastructure and developing innovative solutions to reduce motor size while increasing the performance and efficiency of arial flux motors. To attract more customers and boost sales, electric vehicle manufacturers are introducing variants of electric vehicles that differ in color, battery capacity, fuel mileage, and seating capacity. The United States saw massive sales of electric vehicles as consumers became more aware of rising pollution levels. The use of advanced technology in the manufacturing process and the presence of major market players are expected to boost market growth during the forecast period.

The development of supportive infrastructure to encourage consumer adoption of electric vehicles, as well as an increase in collaborations and partnerships among electric vehicle manufacturers and technology-based companies, are expected to create lucrative opportunities for the global automotive arial flux motor market during the forecast period. For example, Renault partnered with WHYLOT to use arial flux motors in their hybrid model in 2025. With technological advancements and the introduction of novel arial flux motors with superior characteristics by market players, demand for the global automotive arial flux motor market is expected to accelerate.

The global automotive arial flux motor market is segmented based on vehicle type, propulsion, demand category, regional distribution, and company. Based on the vehicle type, the global automotive arial flux motor market is divided into Two-Wheeler, passenger car, light commercial vehicle (LCV), medium & heavy commercial vehicle (M&HCV). The passenger car segment is anticipated to register the highest growth in the market during the forecast period, owing to the rising expenditure capacity of consumers and the launch of high-performance electric vehicles.

Key players operating in the global automotive arial flux motor market are AVID Technology Limited, Magnax BV, YASA Limited, Traxial BV, Nidec Corporation, Saietta Group, among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023–2027

Objective of the Study:

• To analyze the historical growth in the market size of the global automotive arial flux motor from 2017 to 2021.
• To estimate and forecast the market size of global automotive arial flux motor market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the global automotive arial flux motor market based on vehicle type, propulsion, demand category, region, and company.
• To identify the dominant region or segment in the global automotive arial flux motor market.
• To identify drivers and challenges for the global automotive arial flux motor market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global automotive arial flux motor market.
• To identify and analyze the profiles of leading players operating in the global automotive arial flux motor market.
• To identify key sustainable strategies adopted by market players in global automotive arial flux motor market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the Global automotive arial flux motor market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global automotive arial flux motor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Automotive Arial Flux Motor Market, By Vehicle Type:
• Two-Wheeler
• Passenger Car
• Light Commercial Vehicle (LCV)
• Medium & Heavy Commercial Vehicle (M&HCV)
• Automotive Arial Flux Motor Market, By Propulsion:
• BEV
• HEV
• PHEV
• Automotive Arial Flux Motor Market, By Demand Category:
• OEM
• Aftermarket
• Automotive Arial Flux Motor Market, By Region:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• Malaysia
• Thailand
• Indonesia
• Vietnam
• South Korea
• Europe & CIS
• Germany
• France
• United Kingdom
• Spain
• Italy
• Belgium
• Russia
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Iran
• Turkey
• Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global automotive arial flux motor market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights