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Automotive Motors Market Insights | Key Players: Robert Bosch GmbH (Germany), Continental AG (Germany), Nidec Corporation (Japan), Johnson Electric Holdings Ltd. (Hong Kong), and Denso Corporation (Japan)

02-28-2019 01:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

Automotive Motors Market Insights | Key Players: Robert Bosch

According to the new market research report "Automotive Motors Market by Product (DC Brushed, BLDC Motors, Stepper), Vehicle (PC,LCV,HCV), Application (Performance Motors, Comfort Motors, Safety Motors), EV (BEV,PHEV,HEV), Traction Motor by EV (BEV,PHEV,HEV) and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global automotive motors market is projected to grow at a CAGR of 6.02% from 2017 to 2022, to reach USD 34.48 billion by 2022.

The major factors responsible for the growth of the market include growing electrification of vehicles and the mandatory usage of safety technologies such as electronic stability control and antilock braking systems (ABS) in passenger cars in developed regions such as Europe and North America. However, electric vehicles require less number of motors, which may pose a challenge to the growth of the automotive motors market.

Browse and in-depth TOC on “Automotive Motors Market"
79 – Tables
50 - Figures
169 - Pages

View Full TOC @ https://www.marketsandmarkets.com/Market-Reports/automotive-motor-market-119439985.html

“Comfort motors are estimated to show high growth potential”

The comfort motors market is estimated to grow at the highest rate during the forecast period. The market growth of comfort motors can be attributed to the increasing demand for comfort applications such as HVAC systems, power windows, and electric power steering in vehicles. Performance motors are estimated to have the largest share of the automotive motors market in the next five years. This can be attributed to increasing vehicle production across the globe.

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“Increasing demand for safety and comfort features in vehicles would drive the automotive motors market in Asia-Pacific region”

Asia-Pacific is estimated to account for the largest share, by value and volume, of the automotive motors market in 2017. In terms of growth, the Asia-Pacific market is projected to grow at the highest CAGR. Developing economies such as China and India are expected to play a major role on the backdrop of increasing vehicle production. Also, increasing installation of upgraded technology features such as anti-lock braking system (ABS) and brake assist is likely to add to the demand for automotive motors.

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“Hybrid Electric Vehicle a promising vehicle segment for motor manufacturers”

Hybrid Electric Vehicle (HEV) is estimated to account for the largest share of the automotive motors market among the electric vehicle types (BEV, HEV, and PHEV). It is expected to continue its market dominance during the forecast period. Modern HEVs are enabled with efficiency-improved technology such as regenerative brakes, electric motor drive, and automatic start/shut-off. Electric motor drive and automatic start/shut-off help to improve the efficiency of the electric vehicle as they save energy by smart operations. These technological advantages have made HEVs successful in recent years.

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The ecosystem of the automotive motors market consists of manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Nidec Corporation (Japan), Johnson Electric Holdings Ltd. (Hong Kong), and Denso Corporation (Japan), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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