Automotive Motor market will reach at USD 35.7 billion by 2032, Bosch, Valeo Group, Brose, Asmo, Mabuchi, Mitsuba, S&T Motiv, Nidec, Johnson Electric, Mahle, Bright, Prestolite Electric, Remy International, Inteva Products, Jheeco, BüHLER Motor, Zhejiang

The global automotive motors market for ICE vehicles is projected to grow from USD 24.23 billion in 2022 to USD 35.7 billion by 2032, at a CAGR of 5.5%. Factors such as rising demand for low emission ICE vehicles, increasing consumer spending on safety and comfort features in automobiles and the growing trend of electrificantion of automobiles along with the growing demand for premium vehicles will lead to a growth in the automotive motors market. The global recovery from the pandemic and will also be a major factor leading to a stable growth in demand for these motors.

Some of the Top companies Influencing this Market include:

Bosch, Valeo Group, Brose, Asmo, Mabuchi, Mitsuba, S&T Motiv, Nidec, Johnson Electric, Mahle, Bright, Prestolite Electric, Remy International, Inteva Products, Jheeco, BüHLER Motor, Zhejiang Dehong, Wuxi Minxian, Shihlin Electric

Challenge: Fluctuating prices of raw materials to pose challenge to market
The raw materials used in manufacturing motors include steel bars and copper wires. Motor manufacturers and suppliers are concerned about access to materials and price volatility. Fluctuations in the cost of raw materials are restraining the growth of the global automotive motors market. Also, manufacturers have long-term supply contracts that prevent them from taking the cost advantage of decreasing materials prices. In such cases, if the price of the commodity or the material falls, the manufacturers do not have the upper hand and lose the cost advantage. Raw material prices had hit the automotive motor market severely due to an increase in prices of copper by around 38%, plastic by around 35%, and stainless steel by around 45% in 2020 compared to 2019. Thus, since 2021, the prices of automotive motors have risen by around 8-10% by applicability. The Ukraine-Russia war further led to an increase in the cost of raw materials, which is expected to negatively impact the market and the overall automotive industry. The copper market grew much faster than aluminum, tin, lead, nickel, and zinc in 2021, with around 12% growth before the impact of the Ukraine-Russia war. The market was further impacted by the onset of the war, along with global supply chain disruptions in some parts of the world.

Passenger cars to be the largest market by vehicle type during the forecast period
Owing to rapid globalization and the economic growth of emerging countries such as Brazil and India, the standard of living of consumers has improved in the recent decade. The increase in disposable income of consumers has pushed the demand for passenger cars, which, in turn, has driven the growth of the automotive motors market. The adoption of fuel-efficient vehicles has driven the demand for advanced motor technologies. This has also led to a growing demand for comfort motors in automobiles and strengthened the market. The increased demand for safety systems in emerging markets can be attributed to improving road safety standards, supporting legislation, and consumer awareness. Additionally, several countries in Europe, North America, and Asia Pacific have introduced regulations that mandate the incorporation of various types of safety features in the passenger cars segment. Thus, the mandates contribute to the demand for safety motors in upcoming passenger cars.

Get the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this report @ https://www.mraccuracyreports.com/report-sample/336161

Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Automotive Motor .This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.

ATTRIBUTES

DETAILS

ESTIMATED YEAR

2022

BASE YEAR

2021

FORECAST YEAR

2029

HISTORICAL YEAR

2020

UNIT

Value (USD Million/Billion)

SEGMENTS COVERED

Types, Applications, End-Users, and more.

REPORT COVERAGE

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

This research report categorizes the automotive motors market based on Motor Type, EV Motor Type, Vehicle Type, Electric Vehicle Type, Function (ICE Vehicle), Function (Electric Vehicle), Application, and Region

Based on Motor Type:
Brushed Motors
Brushless Motors
Stepper Motors

Based on EV Motor Type:
Brushed Motors
Brushless Motors
Induction Motors
Traction Motors
Stepper Motors
Others

Based on Vehicle Type:
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle

Based on Electric Vehicle Type:
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)

Based on Function (ICE Vehicle):
Performance Motors
Comfort Motors
Safety Motors
Based on Function (Electric Vehicle):
Performance Motors
Comfort Motors
Safety Motors

Based on Application:
Electric Water Pump, Radiator Cooling Fan
Electronic Throttle Valve Control
Electronic Variable Gear Ratio Motor
Electric Variable Valve Timing
Electric Power Steering
Variable Nozzle Turbo
Adjustable Pedal
Front Wiper
Starter
EGR
Fuel Pump
Power Antenna
Air Conditioner
Door Mirror
Power Window
Tilt Steering Column
Blower
Power Seat
Electric Sunroof
Door Closer
Adaptive Front Light
Electronic Stability Control
ABS
Brake Assist
Electronic Parking Brake
Cruise Control

The report studies the key segments in the global Automotive Motor industry, their growth in the past few years, profiles and market sizes of individual segments, and gives a detailed overview of the profiles of various segments. The report also presents key products and various other products in the global Automotive Motor industry along with its market size and growth in the study period. The major demand drivers for the global Automotive Motor industry products and services are outlined in the report. The Automotive Motor report details some major success factors and risk factors of investing in certain segments.

The report provides insights on the following pointers:

Market Penetration: Comprehensive data on the product portfolios of the top players in the Automotive Motor market.

Product Development/Innovation: Detailed information about upcoming technologies, R&D activities, and market product debuts.

Competitive Assessment: An in-depth analysis of the market's top companies' market strategies, as well as their geographic and business segments.

Market Development: Information on developing markets in its entirety. This study examines the market in several geographies for various segments.

Market Diversification: Extensive data on new goods, untapped geographies, recent advancements, and investment opportunities in the Automotive Motor market.

Get Up to 30% Discount on the first purchase of this report @ https://www.mraccuracyreports.com/check-discount/336161

The cost analysis of the Global Automotive Motor Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

Key questions covered in this report?

A complete overview of different geographic distributions and common product categories in the Automotive Motor Market.
When you have information on the cost of production, the cost of products, and the cost of production for future years, you can fix up the developing databases for your industry.
Thorough break-in analysis for new enterprises seeking to enter the Automotive Motor Market.
Exactly how do the most essential corporations and mid-level companies create cash within the Market?
Conduct a thorough study on the overall state of the Automotive Motor Market to aid in the selection of product launches and revisions.
Table of Contents

Global Automotive Motor Market Research Report 2022 - 2029

Chapter 1 Automotive Motor Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Automotive Motor Market Forecast

Buy Exclusive Report@: https://www.mraccuracyreports.com/checkout/336161

Recent Developments
In May 2022, ZF Group announced its innovations such as modular and scalable silicon carbide (SiC) inverter architecture, hairpin electric motor, electric powertrain, and accessories (eWorX). ZF's proprietary scalable and modular SiC inverter architecture allows customers maximum flexibility from 400V to 800V, based on the latest silicon carbide technologies. This ZF inverter architecture combines next-generation power semiconductors and highly intelligent software algorithms. It leverages ZF's deep experience in electric drives to increase efficiency and performance and shorten development cycles. The modular ZF e-motor portfolio with a common electromagnetic design for the stator, an asynchronous motor (ASM), or permanent-magnet synchronous motor (PSM) design for the rotor ranges from power classes 75 kW to 400 kW and 400 V to 800 V architectures. At automotive quality, ZF e-motors offer superior power and torque density, efficiency, and reduced noise.
In April 2022, BluE Nexus, Aisin, and Denso announced that they have jointly developed e-Axles that will be adopted for the all-new Toyota mid-size electric SUV, bZ4X. The co-developed e-Axles include 3 types: a 150kW specification for FWD (installed at the front of the vehicle) and two 80kW specifications for (front and rear) for 4WD vehicles. The products optimize cooling performance, adopt heat management technology inside the e-axle, and improve power density to achieve excellent dynamic performance capable of outputting high torque for extended periods, according to the companies. Top-class power consumption has also been achieved through optimizing the magnetic design of the motor, joining technology to shorten coil ends, use of low-viscosity oil, and loss reduction technologies such as the new RC-IGBT. Moreover, the e-axle has been made significantly more compact, including a built-in structure that incorporates an inverter in the transaxle, a downsized motor, and a shorter shaft-to-shaft distance by adopting an output shaft.

If you have any special requirements, please let us know and we will offer you the report as you want.

Call Us - UK +44 7452119323
USA +1 8045001224
Email us - sales@mraccuracyreports.com
30 Crawley Lane, West Sussex, RH10 7EG, United Kingdom
3351 Green Turtle Rd, Regina, SK S4V 3N6, Canada

MR Accuracy Reports is a Market Research and consulting company that accomplishes requirement of research agencies,small, medium and large corporations, global business leaders, government organizations,
SME's, Individual & Start-ups, top management consulting firms.

This release was published on openPR.