Automotive Motors Market Size US$ 49.4 Billion by 2027, Impelled by Significant Growth in Automotive Sector

IMARC Group's latest research report, titled "Automotive Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the global automotive motors market size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The  market reached a value of US$ 35.7 Billion in 2021. Looking forward, IMARC Group expects the global automotive motors market to reach a value of US$ 49.4 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027.

Automotive motors refer to the machines used in vehicles that convert electrical energy into mechanical energy. They consist of a stator, encoder, rotator, conducting wire, amplifier, and frame. Commonly utilized automotive motors include traction, brushless direct current (DC), stepper, and DC brushed. They are extensively used in battery electric vehicles (BEV), two-wheelers, passenger cars, heavy commercial vehicles (HCVs), plug-in hybrid electric vehicles (PHEV), etc., for enhancing the safety, performance, comfort, convenience, and security. Automotive motors have higher thermal efficiency, generate more power, and are cost-effective. As a result, these machines find widespread applications in seat cooling fans, sunroofs, alternators, power window motors, wiper systems, power steering motors, exhaust gas recirculation (EGR), anti-lock brake systems, etc.

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Important Attribute and highlights of the Report:

Detailed analysis of the global market share
Market Segmentation by motor type, vehicle type, sales channel and application.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape for automotive motors market
Strategies of major players and product offerings

The escalating product demand in central controllers, advanced infotainment systems, heads-up displays, and gesture control mechanisms is among the primary factors driving the automotive motors market. Besides this, the introduction of high-efficiency and compact automated machines that assist in minimizing wastes and simplifying production processes is further augmenting the market growth. Apart from this, the elevating requirement for brushed direct current (DC) automotive motors, on account of its various advantages, such as high power, cost-effectiveness, and easy speed control, is also catalyzing the global market. Moreover, the development of smart machines for performing complex operations and the rising expenditure capacities of individuals are acting as significant growth-inducing factors. Furthermore, the growing popularity of electric vehicles (EVs), owing to the increasing environmental concerns, is anticipated to propel the automotive motors market over the forecasted period.

Key Players Included in Global Automotive Motors Market Research Report:

BorgWarner Inc.
Brose Fahrzeugteile SE & Co. KG
Bühler Motor GmbH
Continental AG
Johnson Electric Holdings Limited
Mabuchi Motor Co. Ltd.
MAHLE GmbH
MITSUBA Corporation
Mitsubishi Electric Corporation
Nidec Corporation
Ricardo PLC
Robert Bosch GmbH
Siemens AG and Valeo

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

 Breakup by Motor Type:

Brushed DC Motor
Brushless DC Motor
Stepper Motor
Traction Motor

Breakup by Vehicle Type:

Electric Vehicle
BEV
PHEV
Non-Electric Vehicle
Passenger
LCV
HCV

Breakup by Sales Channel:

Original Equipment Manufacturer (OEM)
Aftermarket

Breakup by Application:

Safety
Comfort
Performance

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Automotive Motors Market Research Report:

Preface
Scope and Methodology
Executive Summary
Introduction
Global Automotive Motors Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape

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