Automotive Motors Market Demand, Insights, Opportunities, Segmentation and Forecast to 2025

This report provides an in-depth analysis of automotive motors market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year

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Key companies covered as a part of this study include Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.

Market Dynamics
The recent past has witnessed rising adoption of electric vehicles due to various advantages such as eco-friendly, less noise pollution, cost effective, cheaper to run and maintain. Such vehicles integrate a higher number of automotive motors and thus, growth of this segment fuels growth of the automotive motors market. According to Coherent Market Insights, around 565,668 units of electric vehicles were sold in 2015, globally up from 315,519 in 2014. China, the U.S., and Japan are some of the major countries that account for high market share in electric vehicles sales. In 2015, volume sales of electric vehicles was pegged at 214,283, 115,262 and 46,339 in China, the U.S., and Japan, respectively.

DC brushed motors segment held the dominant position in global automotive motors market in 2016
Among product types, DC brushed motors segment held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Adoption of these DC brushed motors is increasing owing to its low cost and advantage of simple drive control model. Systems such as windshield wipers, power windows, washer, and cooling fans are dependent on DC brushed motors.

Passenger cars segment held the dominant position in the global automotive motors market in 2016
Among vehicle types, Passenger cars segment held the dominant position in 2016 and is projected to retain its dominance throughout the forecast period. According to Coherent Market Insights in 2017, the global Passenger car sales volume is estimated to reach 71 million units. Hence, these increasing sales units is expected to lead to growing demand for automotive motors, globally.    

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Asia Pacific held a dominant position in the global Automotive Motor market in 2016
According to Coherent Market Insights, Asia Pacific is projected to retain its dominance throughout the forecast period in the global automotive motors market. This is attributed to growth of the Asia Pacific emerging as a major automotive hub, with India, China, and Japan positioned as the growth engines for the automotive sector in the region. According to Organisation Internationale des Constructeurs d'Automobiles in 2016, 39.4 million units of Passenger cars were sold in this region, up from 36.1 million units in 2015. It also stated that in 2016, China held 61.8% share of the total Asia Pacific Passenger cars sales and 35.1% of the global Passenger cars sales. Hence, China was the largest market in the region in 2016. Rising consumer preference for start-stop systems, anti-lock bricking systems (ABS), and other such technologies have also accelerated growth of the automotive motors market in Asia Pacific.

Detail Automotive Motors Market Segmentation:
Global Automotive Motors Market, By Product Type:
◦ DC Brushed Motors
◦ DC Brushless Motors

Global Automotive Motors Market, By Application:
◦ Performance Motors
◦ Comfort Motors

Global Automotive Motors Market, By Vehicle Segment:
◦ Passenger Cars (excluding electric vehicles)
◦ Two/Three Wheelers(excluding electric vehicles)
◦ Commercial Vehicles(excluding electric vehicles)
▪ Sub-Segment
• Light Commercial Vehicles
• Heavy Commercial vehicles

Global Automotive Motors Market, By Electric Vehicle:
◦ Plug-in Hybrid Electric Vehicle (PHEV)
◦ Hybrid Electric Vehicle (HEV)
◦ Battery Electric Vehicle (BEV)

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This release was published on openPR.