Automotive Motors Market Growth Accelerated by Healthy CAGR, Upcoming Trends and Key Companies Analysis | Siemens AG, Johnson Electric, Mitsubishi Electric Corporation

Automotive Motors Market is estimated to reach USD XX billion by 2028

This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Automotive Motors Market.

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According to the report, growing population and rising demand for safety features and advanced automotive system is expected to drive the growth of the automotive motors market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.
Currently the automotive industry is under immense pressure to adapt to technological advances and changing expectations of end users. With continuing technological developments, automobile manufacturers are currently focusing on creating effective electric motors for different systems. The rising demand for safety features and comfort together with the growing vehicle production volume are key factors driving this segment.

With an emphasis on both organic and inorganic growth strategies there have been several primary developments done by major companies like Siemens AG, Johnson Electric, Mitsubishi Electric Corporation, IFB Automotive Private Limited, Denso Corporation, Robert Bosch GmbH, Panasonic Corporation, Nidec Corporation, and Others.

Segmentation for better understanding of this market and its growth prospects:

Based on product, Direct Current (DC) brushed motors expected to dominate market during the forecast study. Factors like easy use and low cost drive demand for brushed DC motors. The highest rate of growth is projected for DC brushless motors followed by DC brushed motors and stepper motors.

The world market is segmented by vehicle type into passenger cars, light commercial vehicles and heavy commercial vehicles. It is projected that the passenger car segment will register a largest market share during the forecast period followed by light commercial vehicles (LCV) and heavy commercial vehicles (HCV).

Based on the type of electric vehicle, the market is segmented into Hybrid Electric Vehicle (HEV), Hybrid Electric Vehicle Plug-in (PHEV), and Battery Electric Vehicle (BEV). HEV is projected to represent the largest market share among the types of electric vehicles, and is expected to remain predominant over the forecast period. In terms of growth; PHEV is also projected to grow at the highest CAGR followed respectively by BEV and HEV.

Increasing government funding for green vehicles propels demand for electric vehicles, which, in effect, increases demand for motor vehicles.

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This report provides:

1) An overview of Global Automotive Motors Market globally and related technologies.
2) Analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs).
3) Identification of new market opportunities and targeted promotion plans for Global Automotive Motors Market.
4) Discussion of R&D and demand for new products and new applications.
5) Comprehensive company profiles of key industry players.

The researchers have studied the market in depth and have come up with major segments like product type, application and region. Based on their market share, growth prospects, and CAGR, each and every segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

Asia pacific expected to register a highest growth during the forecast period. Developing economies like China and India are expected to play a major role in rising vehicle production at the backdrop.
Increasing implementation of upgraded safety features including anti-lock braking system (ABS) and start-stop systems is also likely to add to automotive engine demand.

With many multinational manufacturers based in that country, North America and Western Europe were major markets for the automotive sector. In these regions the automotive sector has been competitive in terms of technological advances and product improvements.

Some of the key influencing factors in this region have been the demand for lightweight materials, cleaner emissions and green fuels.

Key Factors Impacting Market Growth:
o Growth in demand for commercial vehicles
o Increasing population and rising demand for safety features and advanced automotive system
o Growing demand for electrical vehicles

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Market Segmentation:

By Product:
o Direct Current Brushed Motors
o Direct Current Brushless Motors
o Stepper Motors
o Others

By Application:
o Comfort Motors
o Safety Motors
o Performance Motors
o Others

By Vehicle:
o Commercial Vehicles
o Two/Three Wheeler
o Passenger Cars
o Others

By Electric Vehicle:
o Hybrid Electric Vehicle (HEV)
o Battery Electric Vehicle (BEV)
o Plug-in Hybrid Electric Vehicle (PHEV)
o Others

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Product
o By Application
o By Vehicle
o By Electric Vehicle

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Product
o By Application
o By Vehicle
o By Electric Vehicle

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product
o By Application
o By Vehicle
o By Electric Vehicle

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product
o By Application
o By Vehicle
o By Electric Vehicle

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product
o By Application
o By Vehicle
o By Electric Vehicle

o Rest of the World
o By Region (South America, Africa)
o By Product
o By Application
o By Vehicle
o By Electric Vehicle

Reasons To Buy This Report:

o Market size estimation of the automotive motors market on a regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.