Automotive Motor Market 2018 Global Analysis By Leading Players: Bosch, Johnson, Continental, Nidec, Denso, Mitsubishi, Siemens, Magna, Valeo, Borgwarner, Mitsuba, Mahle, PMP Auto, SAIC Motor, And REIL Electricals

Automotive Motor Market Highlights:

Automotive Motor Market growing at phenomenal compound annual growth rate of 6.55% by forecast period of 2018 to 2023. Automotive Motor Market is majorly driven by factors such as increased government initiative, energy efficient evaluation program, increased demand from automotive industry, and others. Government have taken various initiatives to improve the efficiency of the motor. According to Office of Energy Efficiency & Renewable Energy, there has been a significant investment of about USD 25 million for the advancement of technology to provide energy-efficient motor.

Automotive Motor Key Companies Market Analyzed for This Research Report Are:

Robert Bosch GmbH (Germany), Johnson Electric Holdings Ltd. (Hong Kong), Continental AG (Germany), Nidec Corporation (Japan), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan). Siemens AG (Germany), Magna International (Canada), Valeo S.A. (France), Borgwarner Inc. (U.S.), Mitsuba Corporation (Japan), Mahle Group (Germany), PMP Auto Components Pvt. Ltd. (India), SAIC Motor Corporation Limited (China), REIL Electricals India Limited (India) are among others.

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Automotive motor is a type of device that converts one type of energy into mechanical energy. All the vehicle components include motors due to its various application such as engine cooling fan, power steering, battery cooling, and other systems. The automotive electric motor converts electrical energy to mechanical energy while the pneumatic motors make use compressed air. The automotive motors are used in internal combustion engine, high-speed motor, and other components. When comparison with internal combustion engine, the high-speed motor is more efficient and energy saving. The automotive motors have many applications, which include performance motors, comfort motors, and safety motors. The motors are installed depending on the type of application. There are various types of motor used in vehicles such as DC brushed, BLDC motors, and stepper. DC brushed is most widely used because they are cost-effective and easy to install. BLDC motors are also known as electronically commutated motors are powered by DC. The construction of BLDC motor is like that of permanent magnet synchronous motor (PMSM). They provide high power to the system to make it efficient.

Regional Analysis:

By region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific region is anticipated to witness the highest and the fastest growth over the forecast period, owing to the expanding production and sales of electric vehicles. The growing demand for passenger car and commercial vehicle, will result in increased sales of motors. Government in emerging economies have taken various initiatives to increase the production of vehicle.

There has been increased investment in the automotive industry by the OEM to develop cost-effective products to compete in the market. According to OICA, the new vehicles sales have been increased from 2013 to 2016. It has been noted that in 2013, the vehicle sold were 85.6 million while in 2016 it reached to 93.8 million. This growth in the automotive industry will boost the motor industry. North America is expected to be the second largest market because of growing demand for electric vehicles. There has been increasing demand for electric vehicles and the high-end car in countries such as U.S. and Canada.

The increased demand will result in more installation of motors in the vehicles. Europe is expected to be the third largest market due to increase in the registration of passenger cars. Cutthroat competition in the automotive industry in Europe has resulted in manufacturers prioritizing quality within automobiles. The improve quality products in the vehicle will result in increased installation of motors. In Europe, Germany is expected to be the largest country to grow at highest CAGR during the forecast period.

Automotive Motor Market Segmentation:

The Automotive Motor market is segmented based on product, application, vehicle type, and electric vehicle type. By product, the market is segmented based on DC brushed, BLDC motors, and stepper. DC brushed segment is expected to dominate the market in future because they are easy to install and available at low cost as compared to other types. The DC brushed motor works through direct current power source. The brushed motor is generally used for providing high speed and power to the vehicle. This will lead to growing demand for brushed motor. By application, the market is segmented based on performance motors, comfort motors, and safety motors.

Performance segment is expected to dominate the market because major automotive manufacturers focus on increasing the overall performance of the vehicle. The increased performance of the vehicle with the use of electric motor will result in increased fuel efficiency and will led to the demand for vehicles in future. By vehicle type, the market is segmented based on passenger car and commercial vehicles. The passenger car segment is expected to dominate the market in future due to increase in production of passenger cars in emerging economies. The increased production will require higher installation of motor in the vehicles.

Competitive Landscape:

The Automotive Motor market is witnessing intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations, as key factors that confront market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality driver state monitoring systems, to survive and succeed in an intensely competitive market environment.

Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter's Five Forces Analysis

Continued...

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