Press release
Germany Automotive Motors Market Growth, Size, Report & Forecast to 2020-2026
The Germany automotive motor market is projected to grow at a lucrative CAGR of 8.9% during the forecast period. The presence of the global renowned automakers in the country is one of the major factors that drive the Germany automotive motor market. Players such as Audi, BMW, Ford-Werke GmbH, Mercedes-Benz, Volkswagen among many others are working in the country in the automotive industry. As per the International Organization of Motor Vehicle Manufacturers, 4.66 million cars were manufactured in Germany in 2019 which was more than double the next European country, Spain (with 2.24 million in 2019). Besides, several growth strategies are adopted by the market players in the region which is contributing to the market growth. For instance, Audi launched Audi e-tron in 2019 which is an electric car, and is planning to offer two variants of the vehicle, a Sportback 50 and Sportback 55. It will augment the demand of automotive motor in the market.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/germany-automotive-motors-market
Further, higher purchasing power, government incentive, and the presence of major market players are some other major factors which in turn will drive the Germany automotive motors market during the forecast period. For instance, in November 2019, the Germany government announced to increase the grants available by half to buyers of electric cars over the five years from 2020. The government also announced to have 10 million electric vehicles on the roads in Germany by 2030. Thus, the launch of novel electric vehicles along with the government support is likely to drive the growth of the German automotive motors market over the forecast period.
A Full Report of Germany Automotive Motors Market is Available at: https://www.omrglobal.com/industry-reports/germany-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- Germany
Competitive Landscape- Continental AG, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Siemens AG
Germany 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
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/germany-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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