Press release
Automotive Motors Market to Generate a Revenue of US$ 40.29 Billion by 2025
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Rising demand for active safety systems, especially in passenger vehicles, is one of the prime growth factors for the global automotive motors market. Furthermore, government regulations regarding automotive safety is influencing automakers to integrate these advanced systems in vehicles. Rising adoption of advanced emergency braking systems, anti-lock braking, and side & knee airbags are factors expected to increase demand for electric motors in turn augmenting market growth. Increasing sales of automotive vehicles is the key underlying factor supporting market growth. According to Organisation Internationale des Constructeurs d'Automobiles in 2016, 93.9 million units of vehicles had sold globally up from 89.7 million in 2015.
Browse 40 Market Data Tables and 60 Figures spread through 300 Pages and in-depth TOC on " Automotive Motors Market by Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, Stepper Motors), by Application (Performance Motors, Comfort Motors, Safety Motors), by Vehicle Type (Passenger Cars, Two/Three Wheelers and Commercial Vehicles), by Commercial Vehicles (Light Commercial Vehicles and Heavy Commercial vehicles) and Geography - Global Forecast to 2025"
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