Press release
Europe Automotive Motors Market Size, Share, Trends and Forecast To 2020-2026
The European automotive motor market is projected to grow at a significant CAGR of 9.1% during the forecast period. The key factors that drive the European automotive motor market include the establishment of leading automotive manufacturers in the region. The prominent automotive players in the region include Daimler AG, Groupe PSA, Volkswagen AG, BMW AG, Audi AG, Jaguar Land Rover Ltd., and Groupe Renault among others which are creating a significant demand for automotive motor for their vehicles. These companies also export a significant number of automobiles all across the globe creating a demand for automotive motors in the region.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/europe-automotive-motors-market
Further, some other factors that drive the growth of the European automotive motors market include the cohesive rules and regulations enforced by the governments regarding the safety and pollution that encourage manufacturers to produce efficient environmentally-friendly vehicles. National, as well as state governments in the European countries, are offering various subsidies to promote the electric vehicle industry in the region. The governments have set targets to ban on gasoline engines, imposed additional taxes on polluting vehicles, providing subsidies to buy electric vehicles, & additional subsidies to leave the gasoline engine vehicle while purchasing EV. Moreover, subsidies for the development of charging infrastructure for EVs are also offered by the government in the region which drives the electric vehicle market and thus the automotive motor market.
A Full Report of Europe Automotive Motors Market is Available at: https://www.omrglobal.com/industry-reports/europe-automotive-motors-market
Market Coverage
Market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Type, By Vehicle Type, By Distribution Channel
Regions Covered- Europe
Competitive Landscape- Continental AG, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Siemens AG
Europe Automotive Motor Market – Segmentation
By Type
Brushless DC Motor & Stepper Motor
Brushed DC Motor
Others
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o Others (Buses & Coaches)
Electric Vehicles
o Battery Electric Vehicles (BEVs)
o Plug-in Electric Vehicles (PEVs)
o Hybrid Electric Vehicles (HEVs)
By Distribution Channel
OEM
Aftermarket
Europe Automotive Motor Market – Segmentation by Region
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/europe-automotive-motors-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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