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Automotive Motors Market High trend Opportunities offers Future Business Growth by 2031

01-19-2023 01:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: allied market research

Allied Market Research published a report, titled, "Automotive Motors Market by Type (DC brushed motors, Brushless DC motors, Stepper motors, and Traction motors), Vehicle Type (Two-wheelers, Electric Two-wheelers, Passenger cars, Light commercial vehicles (LCVs), Heavy commercial vehicles (HCVs), BEV, PHEV, and HEV), Function (Performance, Comfort & Convenience, and Safety & Security), Technology (PWM, DTC, and others), and by Application (Alternator, ETC, Electric parking break, Sun roof motor, Fuel pump motor, ECM, Wiper motor, Engine cooling fan, HVAC, VVT, EGR, Starter motor, Anti-lock brake system, EPS, PLG, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global automotive motors industry was estimated at $28.72 billion in 2019, and is anticipated to hit $36.66 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.

Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/6187

 Covid-19 scenario-

The outbreak of the pandemic led to huge disruption in the manufacturing units across the world. Also, the unavailability of skilled labor impacted the global automotive motors market negatively.
However, as the lockdown has slackened off in most of the countries, the market is expected to recuperate soon.

Interested to Procure The Data? Inquire here at
https://www.alliedmarketresearch.com/purchase-enquiry/6187

 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.

Browse Complete Report at 
https://www.alliedmarketresearch.com/automotive-motors-market

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About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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