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Automotive Electric Motors Market worth $1.86 billion by 2030, growing at a CAGR of 5.88% - Exclusive Report by 360iResearch
Automotive Electric Motors Market | 360iResearch
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Automotive electric motors are critical components in electric vehicles (EVs) and hybrid vehicles, converting electrical energy into mechanical energy to drive wheels and perform various vehicular functions, including steering, windows, and air conditioning. The market encompasses the development, manufacturing, distribution, and servicing of different types of motors, such as induction, synchronous, and brushless DC motors. These motors are necessary for their high efficiency, performance, emission reduction, regulatory compliance, and long-term cost savings. They find applications in fully electric cars, buses, trucks, hybrid vehicles, and auxiliary systems such as power windows, steering systems, seat adjustments, and HVAC systems. The end-use scope includes passenger vehicles, commercial vehicles, and specialized vehicles like agricultural machinery and construction vehicles. Key factors influencing market growth include technological advancements, increasing EV adoption, government incentives, and fuel price volatility. Potential opportunities arise in emerging markets, aftermarket services, integration of smart technologies, and strategic collaborations. To capitalize on these opportunities, businesses need to focus on research and development (R&D) for more efficient and compact motors, expand supply chains for raw materials, educate consumers and businesses, and engage in policy advocacy. However, challenges such as high initial costs, dependence on critical raw materials, limited infrastructure, and technological hurdles persist. Innovation areas include battery technology improvements, enhanced motor efficiency, advanced power electronics, and sustainable materials. The market is characterized by rapid technological advancements and evolving consumer preferences, with key players including major automotive manufacturers and specialized motor producers. Government policies and global sustainability trends profoundly influence the market dynamics. Addressing cost, raw material supply, and infrastructure challenges will be crucial for market expansion, while strategic R&D and partnerships remain vital for business growth.
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Market Segmentation & Coverage:
This research report categorizes the Automotive Electric Motors Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars.
Based on Motor, market is studied across AC Motors and DC Motors.
Based on Application, market is studied across Auxiliary Motors, Performance Motors, and Propulsion Motor.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Electric Motors Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AMETEK Inc., Anaheim Automation, Inc., ARC Systems, Inc., BorgWarner Inc., Brook Crompton Group, Bühler Motor GmbH, Continental AG, DENSO Corporation, Emerson Electric Co., Faulhaber GmbH & Co. KG, Franklin Electric Co., Inc., General Motors Company, Hitachi Ltd., Johnson Electric Holdings Limited, Maxon Motor AG, Mitsubishi Electric Corporation, Motor Specialty Inc., Nidec Corporation, Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Toshiba Corporation, and Valeo SA.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Electric Motors Market, by Vehicle Type
7. Automotive Electric Motors Market, by Motor
8. Automotive Electric Motors Market, by Application
9. Americas Automotive Electric Motors Market
10. Asia-Pacific Automotive Electric Motors Market
11. Europe, Middle East & Africa Automotive Electric Motors Market
12. Competitive Landscape
13. Competitive Portfolio
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About 360iResearch
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