Electric Motors Market manufacturing Analysis - WEG, Nidec Corporation, ABB, Toshiba, and Robert Bosch

Electric Motors Market is estimated to surpass USD 36 billion by 2024; Small DC motors for automotive is anticipated to hold highest market share crossing USD 26 billion over the forecast timeframe. Extensive usage in automobile industry, especially in the key mechanical applications such as cooling systems and electric power steering (EPS) will support the industry growth.

Traction motors will showcase exponential growth till 2024 owing to rising electric vehicle production across the globe. Additionally, they are used as a major component in varied application areas including industrial & electrical devices, propelling the product penetration.

Report Mainly focuses on the top Manufacturers in global market are given bellow

WEG, Nidec Corporation, ABB, Toshiba, and Robert Bosch

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The Electric Motors Market Report gives a clear picture of the current situation of the market which covers global industry analysis, size, share, growth, trends, key statistics and forecast Till 2024. The report on global Electric Motors market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024. The market size in terms of revenue (USD MN) is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints).

By Motor

Traction Motors
Small DC motors For automotive
Small DC motors For Consumer Goods & Industrial Applications

By End Use

OEM
Aftermarket

Various governments have mandated several targets regarding reduction of CO2 emissions. These targets aim for 95 g CO2/km cap by 2020 and are anticipated to become more stringent beyond 2020. Fulfilling these targets require complete vehicle electrification, strengthening the product penetration over the forecast timeframe. However, operational & supply chain issues coupled with probability of product failure may hamper the electric motors market growth over the forecast timeframe.

Shifting focus towards solar powered consumer goods owing to their benefits is witnessed as an opportunity for industry participants. These benefits include high efficiency and low power consumption. Additionally, government initiatives to promote their usage will support the electric motors demand. For instance, US Department of Energy is investing heavily on the development of superior solar powered products.

Extensive R&D activities are carried out for energy efficiency enhancement in electric motors. For instance, the U.S. Department of Energy (DOE) announced an investment of approximately USD 25 million for 13 R&D projects, targeting technological advancements in electric motors. These advancements will induce immense potential and will provide enhance product features for different applications.

Small DC motors for automotive is anticipated to hold highest market share crossing USD 26 billion over the forecast timeframe. Extensive usage in automobile industry, especially in the key mechanical applications such as cooling systems and electric power steering (EPS) will support the industry growth. Traction motors will showcase exponential growth till 2024 owing to rising electric vehicle production across the globe. Additionally, they are used as a major component in varied application areas including industrial & electrical devices, propelling the product penetration.

Small DC motors for consumer goods & industrial applications will account for a considerable revenue share and grow at over 5% from 2017 to 2024. This can be credited to their high acceptance from industrial machinery and consumer electronics. Provision of benefits such as high performance, efficiency and outstanding control properties will contribute significantly towards the industry growth.

OEMs will account for over 80% revenue share in electric motors market till 2024. Increasing prominence of DC motors in consumer, industrial, and automotive applications will support the high revenue generation. Industry players are continuously focusing on the development of cost effective solutions to gain competitive edge. Additionally, reduction in taxes and excise duties for auto components boosting trade will escalate the demand for OEM products over the coming years. 

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The above information is provided on a regional and country basis for the following:

North America (U.S., Canada)
Europe (Germany, UK, France, Russia, Italy, Poland, Spain)
Asia Pacific (China, Japan, India, South Korea, Australia, Vietnam)
Latin America (Brazil, Mexico, Columbia, Argentina)
MEA (KSA, UAE, South Africa)

Aftermarket is poised to grow rapidly at over 8% CAGR owing to high demand from local and international markets. This can be credited to the factors such as price competitiveness and regulatory compliance. Higher profit margins along with shifting trends toward the noiseless and precise operation of the products are expected to further fuel the industry growth till 2024.

Few Chapter of TOC

Chapter 1   Methodology & Scope

1.1   Methodology

1.1.1   Initial data exploration

1.1.2   Statistical model and forecast

1.1.3   Industry Insights and validation

1.1.4   Scope, definitions, & forecast parameters

1.2   Data Sources

1.2.1   Secondary

1.2.2   Primary

Chapter 2   Executive Summary

2.1   Electric motors industry 3600 synopsis, 2013 – 2024

2.1.1   Business trends

2.1.2   Product trends

2.1.3   End-use trends

2.1.4   Regional trends

Chapter 3   Electric Motors Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1   Component suppliers

3.3.2   Manufacturers

3.3.3   System integrators

3.3.4   Profit margin analysis

3.3.5   Distribution channel analysis

3.3.5.1   OEM

3.3.5.2   Aftermarket

3.6.2   Key insights

3.6.2.1   Permanent magnetic motors

3.6.2.2   Switched reluctance motors

3.6.2.3   Piezoelectric motors

3.7   Regulatory landscape

3.8.1.3.1   Electric motors demand in green vehicles

3.8.1.3.2   Increasing sales of hybrid vehicles

3.8.1.4   Latin America

3.8.1.4.1   High usage in varied applications

3.8.1.5   Middle East & Africa

3.8.1.5.1   Growth of electronics industry

3.8.2   Industry challenges and pitfalls

3.8.2.1   Operation and supply chain issues

3.8.2.2   Probability of product failure

Chapter 4   Business Expansion Opportunities in Electric Motor Market

4.1   Entry Strategies

4.1.1   Introduction

4.1.2   Electric power steering motors

4.1.3   Window lift motors

4.1.4   Tailgate motors

4.1.5   Throttle control motors

4.1.6   Cooling pump motors

4.1.7   AdBlue pumping motors

4.1.8   Key insights

4.1.8.1   Franchising

4.1.8.2   Exporting

4.1.8.3   Licensing

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