Press release
US Automotive Motors Market Growth, Size, Report & Forecast to 2020-2026
The US automotive motor market is projected to grow at a significant CAGR of around 7.2% during the forecast period. The key factors that drive the US Automotive Motor market include increased demand for automotive motors from key electric vehicle manufacturers such as Tesla Inc. These companies are heavily investing in their production sites in order to ramp up their production capacity. For instance, by the end of 2019, Tesla Inc., production capacity was 640,000 vehicles per year. The largest plant of the company is in Fremont, US with a production capacity of 490,000 cars per year. By mid-2020, the capacity of the plant alone was expected to reach 500,000 per year.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/us-automotive-motors-market
However, the outbreak of the COVID-19 has slowed down the process. The company has faced significant hurdles in the production of vehicles due to the COVID-19 pandemic. With the spread of COVID-19 in the US, plant in California was also shut down. After an agreement, between the local government and company, the factory was allowed to re-open on 18th May and still delivered more vehicles as compared to the last year. Further, the company is also planning to start a new plant in Texas, the US for electric-car. Thus, such steps by the automakers are likely to create more demand for automotive motors and thereby create a scope for the growth of the market over the forecast period.
A Full Report of US Automotive Motors Market is Available at: https://www.omrglobal.com/industry-reports/us-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- The US
Competitive Landscape- Continental AG, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Siemens AG
US 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/us-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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