Press release
Automotive Motors Market 2026: Growth Analysis By Manufacturers, Regions, Types And Applications
automotive motors market
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Drivers, restraints, and opportunities-
High demand for safety and convenient features, increase in demand of electric vehicles, and strict safety regulations set by government fuel the growth of the global automotive motors market. On the other hand, decrease in global vehicle production and surge in trend of shared mobility impede the growth to some extent.
However, the concept of autonomous cars is expected to pave the way for lucrative opportunities in the industry.
The passenger cars segment to retain its dominance by 2027-
They also help reduce greenhouse gas emissions.
These factors drive the segment growth.
Automotive Motors Market to Garner $36.66 Billion by 2027 | AMR : https://www.prnewswire.com/news-releases/automotive-motors-market-to-garner-36-66-bn-globally-by-2027-at-6-5-cagr-allied-market-research-301224716.
The comfort & convenience segment to rule the roost-
Based on function, the comfort & convenience segment accounted for more than half of the global automotive motors market revenue in 2019, and is anticipated to dominate by 2027. Increase in disposable income of people and rise in awareness toward safety, security, & convenience features of vehicles drive the growth of the segment.
Simultaneously, the safety & security segment would manifest the fastest CAGR of 9.5% during the forecast period. High demand for safety & security features and stringent safety regulations set by governments for the automotive industry drive the segment growth.
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Asia-Pacific, followed by Europe and North America, held the major share in 2019-
Based on region, Asia-Pacific, followed by Europe and North America, held the major share in 2019, generating nearly three-fifths of the global automotive motors market, owing to increase in demand for advanced vehicles among citizens and development of IoT in the automobile segment. At the same time, the market across LAMEA would portray the fastest CAGR of 8.9% from 2020 to 2027.
Factors such as growth in IoT, rise in demand for advanced technologies in automotive, and increase in safety & security of vehicles, drive the market in the region.
Frontrunners in the industry-
BorgWarner Inc.
Continental AG
DENSO CORPORATION
Johnson Electric Holdings Limited
Mitsuba Corporation
MABUCHI MOTOR CO., LTD.
Nidec Corporation
Robert Bosch GmbH
Siemens AG
VALEO
Inteva Products, LLC
Magna International Inc
Marelli Europe S.P.A.
Aptiv PLC
Buhler Motor
Meritor, Inc.
PST Electronics Ltd
U-SHIN ltd.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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