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Automotive Micro Motor Market Analysis With Key Players, Applications, Trends And Forecast To 2032
Automotive Micro Motor Market
Automotive Micro Motor Market Size, Growth Rate, And Forecast
The global automotive micro motor market size grew from $2.74 billion in 2022 to $2.9 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive micro motor market size is expected to grow to $3.57 billion in 2027 at a CAGR of 5.3%.
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Automotive Micro Motor Market Drivers
The increasing demand for luxury cars is expected to propel the growth of the automotive micro motor market. Automotive micro motors serve a critical role in the system that allows components such as electric sunroofs, environmental purification, power antennae and other advanced features to operate. The growing demand for luxury cars is expected to increase demand for micro motors.
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Automotive Micro Motor Market Segments
1) By Type: AC Micro Motor, DC Micro Motor
2) By Power Consumption: 48V, 25V-48V, 12V-24V, Less than 11V
3) By Technology: Brushed, Brushless
4) By Application: Passenger Vehicle, Commercial Vehicle
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Micro Motor Market.
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Automotive Micro Motor Market Key Players
Major competitors in the Automotive Micro Motor Market include ABB, Buhler Motor Gmbh, Constart Micro Motor, Johnson Electric, Nidec Corporation, Robert Bosch, Denso, Mabuchi Motors, Asmo, Brose, Mahle, Panasonic, Shihlin Electric, IFB Automotive Private Limited, Maxon Motor and Constar Micromotor Co. Ltd
The Business Research Company's "Global Automotive Micro Motor Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Micro Motor Market Include:
1. Executive Summary
2. Automotive Micro Motor Market Characteristics
3. Automotive Micro Motor Market Trends And Strategies
4. Automotive Micro Motor Market - Macro Economic Scenario
5. Automotive Micro Motor Market Size And Growth
.......
26. Africa Automotive Micro Motor Market
27. Automotive Micro Motor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Micro Motor Market
29. Automotive Micro Motor Market Future Outlook and Potential Analysis
30. Appendix
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