HOME Top Market Reports Automotive Motors Market by Product (DC Brushed, BLDC Motors, Stepper), Vehicle (PC,LCV,HCV), Application (Performance Motors, Comfort Motors, Safety Motors), EV (BEV,PHEV,HEV), Traction Motor by EV (BEV,PHEV,HEV) and Region - Global Forecast to 2022

Automotive Motors Market by Product (DC Brushed, BLDC Motors, Stepper), Vehicle (PC,LCV,HCV), Application (Performance Motors, Comfort Motors, Safety Motors), EV (BEV,PHEV,HEV), Traction Motor by EV (BEV,PHEV,HEV) and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: AT 5448

 

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The automotive motors market, by value, is projected to grow at a CAGR of 6.02% during the forecast period, to reach USD 34.48 Billion by 2022. In this study, 2016 has been considered the base year, and 2017 to 2022 the forecast period, for estimating the size of the automotive motors market. The report analyzes and forecasts the market size, by volume (million units) and value (USD million), of the automotive motors market. The report segments the automotive motors market and forecasts its size, by volume and value, on the basis of region, product type, application type, vehicle type, electric vehicle type, and traction motor by electric vehicle. It provides a detailed analysis of various forces acting in the market including drivers, restraints, opportunities, and challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

The research methodology used in the report involves various secondary sources such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive motors market. The bottom-up and top-down approaches have been used to estimate and validate the size of the global automotive motors market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Automotive Motors Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the automotive motors market consists of manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Nidec Corporation (Japan), Johnson Electric Holdings Ltd. (Hong Kong), and Denso Corporation (Japan), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).

Target Audience

  • Automobile manufacturers
  • Automotive motor manufacturers
  • Automotive component manufacturers
  • Automobile organizations and associations
  • Automotive motor component suppliers
  • Raw material suppliers for automotive motors
  • Traders and distributors of automotive motors
  • Tier 1, Tier 2, and Tier 3 suppliers of automotive motors
  • Distributors and suppliers of automotive components and parts

Scope of the Report

  • Automotive Motors Market, By Region
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)
  • Automotive Motors Market, By Product Type
    • DC Brushed Motors
    • DC Brushless Motors
    • Stepper Motors
  • Automotive Motors Market, By Application
    • Performance Motors
    • Comfort Motors
    • Safety Motors
  • Automotive Motors Market, By Vehicle Type
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
  • Automotive Motors Market, By Electric Vehicle Type
    • BEV
    • HEV
    • PHEV
  • Automotive Traction Motor Market, By Electric Vehicle Type
    • BEV
    • PHEV
    • HEV

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Detailed analysis and profiling of additional market players (up to 3)
  • Detailed analysis of market vehicle type
  • Detailed analysis of electric vehicle types motors market

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Secondary Data
           2.1.1 Key Data From Secondary Sources
    2.2 Primary Data
           2.2.1 Primary Participants
    2.3 Factor Analysis
           2.3.1 Introduction
           2.3.2 Demand Side Analysis
                    2.3.2.1 Vehicle Production
                    2.3.2.2 Stringent Emission Norms
           2.3.3 Supply Side Analysis
                    2.3.3.1 Increasing Safety Regulations in Developed Regions
    2.4 Market Size Estimation
    2.5 Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 29)
    3.1 Introduction
    3.2 Global Automotive Motors Market Snapshot, 2017
    3.3 Automotive Motors Market, By Application
    3.4 Automotive Motors Market, By Vehicle Type
    3.5 Automotive Motors Market, By Electric Vehicle Type
    3.6 Automotive Traction Motors Market, By Electric Vehicle Type

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Automotive Motors Market
    4.2 Automotive Motors Market, By Region
    4.3 Automotive Motors Market, By Motor Type
    4.4 Automotive Motors Market, By Application
    4.5 Automotive Motors Market, By Application for Electric Vehicle
    4.6 Automotive Motors Market, By Vehicle Type
    4.7 Automotive Motors Market, By Traction Motors for Electric Vehicle

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Global Vehicle Production
                    5.3.1.2 Rising Demand for Safety Features and Convenience
                    5.3.1.3 Rise in Demand for Advanced Automation Systems
                    5.3.1.4 Growing Demand for Electric Vehicles
           5.3.2 Restraints
                    5.3.2.1 Weight and Cost Reduction
           5.3.3 Opportunities
                    5.3.3.1 Wide Number of Applications Employing the Use of Electric Motors
                    5.3.3.2 Electrification of Commercial Vehicles
           5.3.4 Challenges
                    5.3.4.1 Fluctuating Prices of Raw Materials
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
                    5.4.1.1 Presence of Well-Established Players Makes the Threat of New Entrants Low
           5.4.2 Threat of Substitutes
                    5.4.2.1 Availability of Substitutes & Technological Advancements Influence the Threat of Substitutes
           5.4.3 Bargaining Power of Suppliers
                    5.4.3.1 Low Supplier Concentration & Product Differentiation Keep the Bargaining Power of Suppliers in Check
           5.4.4 Bargaining Power of Buyers
                    5.4.4.1 Suppliers Concentration Decreases the Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry
                    5.4.5.1 Well Established Players & Long Term Contracts Limits the Competition

6 Automotive Motors Market, By Product Type (Page No. - 57)
    6.1 Introduction
    6.2 DC Brushed Motors
    6.3 DC Brushless Motors
    6.4 Stepper Motors

7 Automotive Motors Market, By Electric Vehicle Type (Page No. - 64)
    7.1 Introduction
    7.2 Automotive Motors Market, By Electric Vehicle Type
    7.3 BEV
    7.4 PHEV
    7.5 HEV

8 Automotive Motors Market, By Vehicle Type (Page No. - 71)
    8.1 Introduction
           8.1.1 Passenger Cars
           8.1.2 Light Commercial Vehicles
           8.1.3 Heavy Commercial Vehicles

9 Automotive Motors Market, By Application (Page No. - 77)
    9.1 Introduction
    9.2 Performance Motors
    9.3 Comfort Motors
    9.4 Safety Motors

10 Automotive Traction Motor Market, By Electric Vehicle Type (Page No. - 84)
     10.1 Introduction
     10.2 Automotive Traction Motor Market, By Electric Vehicle Type
     10.3 BEV
     10.4 PHEV
     10.5 HEV

11 Automotive Motors Market, By Region (Page No. - 91)
     11.1 Introduction
     11.2 Europe
             11.2.1 By Country
             11.2.2 Germany
             11.2.3 France
             11.2.4 U.K.
             11.2.5 Spain
     11.3 North America Automotive Motors Market, By Country
             11.3.1 U.S.
             11.3.2 Mexico
             11.3.3 Canada
     11.4 Asia-Pacific Automotive Motors Market, By Country
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 South Korea
     11.5 RoW
             11.5.1 By Country
             11.5.2 Brazil
             11.5.3 Russia

12 Competitive Landscape (Page No. - 116)
     12.1 Introduction
             12.1.1 Visionary Leaders
             12.1.2 Innovators
             12.1.3 Dynamic Differentiators
             12.1.4 Emerging Companies
     12.2 Competitive Benchmarking
             12.2.1 Product Offerings for Automotive Motors Market (For All 18 Players)
             12.2.2 Business Strategy for Automotive Motors Market (For All 18 Players)

*Top 18 Companies Analyzed for This Study are – Robert Bosch GmbH, Continental AG, Denso Corporation, Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, Borgwarner Inc., Magna International, Valeo Sa, Nidec Corporation, Brose, Mitsuba Corporation, Ifb Automotive, Calsonic Kansei Corporation, Mabuchi Motors Co. Ltd, Siemens Ag, Ricardo, Mahle GmbH, Buhler Motor

13 Company Profiles (Page No. - 120)
(Company Overview, Strength of Product Portfolio, Product Offerings, Business Strategy Excellence, Recent Developments)*
     13.1 Siemens AG
     13.2 Robert Bosch GmbH
     13.3 Continental AG
     13.4 Denso Corporation
     13.5 Magna International
     13.6 Mitsubishi Electric Corporation
     13.7 Valeo S.A.
     13.8 Mahle Group
     13.9 Nidec Corporation
     13.10 Borgwarner Inc.
     13.11 Mitsuba Corporation
     13.12 Johnson Electric Holdings Limited

*Details on Company Overview, Strength of Product Portfolio, Product Offerings, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 162)
     14.1 Key Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (79 Tables)

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Overview of Global Tax Subsidies for Electric Vehicles
Table 3 Porter’s Five Forces Analysis
Table 4 Automotive Motors Market, By Product Type, 2015–2022 (Million Units)
Table 5 Automotive Motors Market, By Product Type, 2015–2022 (USD Million)
Table 6 DC Brushed Motors: Automotive Motors Market, By Region, 2015–2022 (Million Units)
Table 7 DC Brushed Motors: Automotive Motors Market, By Region, 2015–2022 (USD Million)
Table 8 DC Brushless Motors: Automotive Motors Market, By Region, 2015–2022 (Million Units)
Table 9 DC Brushless Motors: Automotive Motors Market, By Region, 2015–2022 (USD Million)
Table 10 Stepper Motors: Automotive Motors Market, By Region, 2015–2022 (Million Units)
Table 11 Stepper Motors: Automotive Motors Market, By Region, 2015–2022 (USD Million)
Table 12 Automotive Motors Market Size, By Electric Vehicle Type, 2015–2022 (Million Units)
Table 13 Automotive Motors Market Size, By Electric Vehicle Type, 2015–2022 (USD Million)
Table 14 Battery Electric Vehicle (BEV) Motors Market Size, By Application, 2015–2022 (Million Units)
Table 15 Battery Electric Vehicle (BEV) Motors Market Size, By Application, 2015–2022 (USD Million)
Table 16 Plug-In Hybrid Electric Vehicle (PHEV) Motors Market Size, By Application, 2015–2022 (Million Units)
Table 17 Plug-In Hybrid Electric Vehicle (PHEV) Motors Market Size, By Application, 2015–2022 (USD Million)
Table 18 Hybrid Electric Vehicle (HEV) Motors Market Size, By Application, 2015–2022 (Million Units)
Table 19 Hybrid Electric Vehicle (HEV) Motors Market Size, By Application, 2015–2022 (USD Million)
Table 20 Automotive Motors Market Size, By Vehicle Type, 2015–2022 (Million Units)
Table 21 Automotive Motors Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 22 Passenger Car: Automotive Motors Market Size, By Region, 2015–2022 (Million Units)
Table 23 Passenger Car: Automotive Motors Market Size, By Region, 2015–2022 (USD Million)
Table 24 Light Commercial Vehicle: Automotive Motors Market Size, By Region, 2015–2022 (Million Units)
Table 25 Light Commercial Vehicle: Automotive Motors Market Size, By Region, 2015–2022 (USD Million)
Table 26 Heavy Commercial Vehicle: Automotive Motors Market Size, By Region, 2015–2022 (Million Units)
Table 27 Heavy Commercial Vehicle: Automotive Motors Market Size, By Region, 2015–2022 (USD Million)
Table 28 Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 29 Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 30 Performance Motors: Automotive Motors Market, By Region, 2015–2022 (Million Units)
Table 31 Performance Motors: Automotive Motors Market, By Region, 2015–2022 (USD Million)
Table 32 Comfort Motors: Automotive Motors Market, By Region, 2015–2022 (Million Units)
Table 33 Comfort Motors: Automotive Motors Market, By Region, 2015–2022 (USD Million)
Table 34 Safety Motors: Automotive Motors Market, By Region, 2015–2022 (Million Units)
Table 35 Safety Motors: Automotive Motors Market, By Region, 2015–2022 (USD Million)
Table 36 Automotive Traction Motor Market Size, By Electric Vehicle Type, 2015–2022 (Million Units)
Table 37 Automotive Traction Motor Market Size, By Electric Vehicle Type, 2015–2022 (USD Million)
Table 38 Battery Electric Vehicle (BEV) Traction Motor Market Size, By Region, 2015–2022 (Million Units)
Table 39 Battery Electric Vehicle (BEV) Traction Motor Market Size, By Region, 2015–2022 (USD Million)
Table 40 Plug-In Hybrid Electric Vehicle (PHEV) Traction Motor Market Size, By Region, 2015–2022 (Million Units)
Table 41 Plug-In Hybrid Electric Vehicle (PHEV) Traction Motor Market Size, By Region, 2015–2022 (USD Million)
Table 42 Hybrid Electric Vehicle (HEV) Traction Motor Market Size, By Region, 2015–2022 (Million Units)
Table 43 Hybrid Electric Vehicle (HEV) Traction Motor Market Size, By Region, 2015–2022 (USD Million)
Table 44 Global Automotive Motors Market, By Region, 2015–2022 ('Million Units)
Table 45 Global Automotive Motors Market, By Region, 2015–2022 (USD Million)
Table 46 Europe: Automotive Motors Market, By Country, 2015–2022 (Million Units)
Table 47 Europe: Automotive Motors Market, By Country, 2015–2022 (USD Million)
Table 48 Germany: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 49 Germany: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 50 France: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 51 France: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 52 U.K.: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 53 U.K.: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 54 Spain: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 55 Spain: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 56 North America: Automotive Motors Market, By Country, 2015–2022 (Million Units)
Table 57 North America: Automotive Motors Market, By Country, 2015–2022 (USD Million)
Table 58 U.S.: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 59 U.S.: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 60 Mexico: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 61 Mexico: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 62 Canada: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 63 Canada: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 64 Asia-Pacific: Automotive Motors Market, By Country, 2015–2022 (Million Units)
Table 65 Asia-Pacific: Automotive Motors Market, By Country, 2015–2022 (USD Million)
Table 66 China: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 67 China: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 68 Japan: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 69 Japan: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 70 India: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 71 India: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 72 South Korea: Automotive Motors Market, By Application, 2015–2022 (Million Units)
Table 73 South Korea: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 74 RoW: Automotive Motors Market, By Country, 2015–2022 (Million Units)
Table 75 RoW: Automotive Motors Market, By Country, 2015–2022 (USD Million)
Table 76 Brazil: Automotive Motors Market, By Application, 2015–2022 (‘000 Units)
Table 77 Brazil: Automotive Motors Market, By Application, 2015–2022 (USD Million)
Table 78 Russia: Automotive Motors Market, By Application, 2015–2022 (‘000 Units)
Table 79 Russia: Automotive Motors Market, By Application, 2015–2022 (USD Million)


List of Figures (50 Figures)

Figure 1 Global Automotive Motors Market Segmentation
Figure 2 Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Global Vehicle Production, 2017 vs 2022
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Asia-Pacific to Hold the Largest Market Share of Automotive Motors Market, 2017
Figure 8 DC Brushed Motors Estimated to Hold the Largest Share of Automotive Motors Market (USD Million), 2017 vs 2022
Figure 9 Performance Motors to Remain the Dominant Application Segment, 2017 vs 2022
Figure 10 Passenger Car to Hold the Largest Market Size, 2017 vs 2022
Figure 11 Hybrid Electric Vehicle to Hold the Largest Market Size, 2017 vs 2022
Figure 12 Hybrid Electric Vehicle to Hold the Largest Market Size, 2017 vs 2022
Figure 13 Automotive Motors Market Growth Can Be Attributed to Increasing Vehicle Production Globally, 2017–2022 (USD Million)
Figure 14 Asia-Pacific is Estimated to Hold the Largest Share of Automotive Motors Market, 2017 vs 2022
Figure 15 DC Brushless Motors Estimated to Grow at the Highest CAGR in Global Automotive Motors Market, 2017 vs 2022 (USD Million)
Figure 16 Performance Motors Estimated to Account for the Highest Market Share of Global Automotive Motors Market, 2017 vs 2022 (USD Million)
Figure 17 Safety Motors Estimated to Grow at the Highest CAGR in Global Automotive Motors Market for Electric Vehicle, 2017 vs 2022 (USD Million)
Figure 18 Increase in Passenger Car Production Across the Globe Will Drive the Global Automotive Motors Market, 2017 vs 2022 (USD Million)
Figure 19 Hybrid Electric Vehicle Segment is Estimated to Grow at the Highest CAGR in Global Automotive Traction Motor Market, 2017 vs 2022 (USD Million)
Figure 20 Automotive Motors Market: Market Segmentation
Figure 21 Automotive Motors Market: By Product Type
Figure 22 Automotive Motors Market: By Application
Figure 23 Automotive Motors Market: By Vehicle Type
Figure 24 Automotive Motors Market: By Electric Vehicle Type
Figure 25 Automotive Traction Motor Market: By Electric Vehicle Type
Figure 26 Automotive Motors Market: By Region
Figure 27 Porter’s Five Forces Analysis (2016): Presence of Established Global Players Increases the Degree of Competition
Figure 28 Low Cost Will Drive the Demand for Automotive DC Brushed Motors Market, 2017 vs 2022
Figure 29 HEV to Account for the Largest Market Share of the Electric Vehicle Motors Market
Figure 30 Passenger Cars Estimated to Be the Fastest Growing Vehicle Segment in the Automotive Motors Market
Figure 31 Demand for High Fuel Efficiency Will Drive the Demand for Automotive Performance Motors Market, 2017 vs 2022
Figure 32 HEV to Account for the Largest Market Share of the Electric Vehicle Traction Motor Market
Figure 33 Asia-Pacific to Be the Fastest Growing Market for Automotive Motors From 2017–2022
Figure 34 Europe: Automotive Motors Market Snapshot
Figure 35 North America: Automotive Motors Market Snapshot
Figure 36 Asia-Pacific: China is Estimated to Account for the Largest Market Share During the Forecast Period
Figure 37 Brazil to Account for the Largest Market Share in RoW, 2017 vs 2022
Figure 38 Automotive Motors Market: Competitive Leadership Mapping , 2017
Figure 39 Siemens AG: Company Snapshot
Figure 40 Robert Bosch GmbH: Company Snapshot
Figure 41 Continental AG: Company Snapshot
Figure 42 Denso Corporation: Company Snapshot
Figure 43 Magna International: Company Snapshot
Figure 44 Mitsubishi Electric Corporation: Company Snapshot
Figure 45 Valeo S.A.: Company Snapshot
Figure 46 Mahle Group: Company Snapshot
Figure 47 Nidec Corporation: Company Snapshot
Figure 48 Borgwarner Inc.: Company Snapshot
Figure 49 Mitsuba Corporation: Company Snapshot
Figure 50 Johnson Electric Holding Limited: Company Snapshot

The automotive industry is currently under immense pressure to adapt to technological advances and changing end-user preferences. Presently, with continuous developments in technology, automobile manufacturers are focusing on manufacturing efficient automotive motors for various systems. The rising demand for safety features and convenience, along with the growing production volume of vehicles are the key factors that will drive the automotive motors market. The automotive motors market, by value, is projected to grow at a CAGR of 6.02% during the forecast period, to reach USD 34.48 Billion by 2022. The global automotive motors market is segmented by region, product type, application type, vehicle type, and electric vehicle type.

The global automotive motors market, by product type, is estimated to be dominated by DC brushed motors, followed by DC brushless motors and Stepper motors. DC brushed motors are estimated to have the largest share of the automotive motors market in the next five years. Factors such as simple usage and low cost will drive the demand for DC brushed motors.

In terms of growth, the market for DC brushless motors is estimated to grow at the highest rate, followed by DC brushed motors and stepper motors. On the basis of application type, the global automotive motors market is segmented into performance motors, comfort motors, and safety motors. The market for comfort motors is projected to grow at the highest CAGR during the forecast period.

The global automotive motors market, by vehicle type, is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is estimated to account for the largest share of the automotive motors market in 2017, followed by light commercial vehicles (LCV) and heavy commercial vehicles (HCV).

On the basis of electric vehicle type, the automotive motors market is segmented into Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), and Battery Electric Vehicle (BEV). HEV is estimated to account for the largest share of the automotive motors market among the electric vehicle types and is expected to remain predominant during the forecast period. Also, in terms of growth, PHEV is projected to grow at the highest CAGR, followed by BEV and HEV, respectively. Increasing government support for green vehicles is propelling the demand for electric vehicles, which, in turn, is increasing the demand for automotive motors.

Automotive Motors Market

Asia-Pacific is estimated to account for the largest share, by value and volume, of the automotive motors market in 2017. In terms of growth, the Asia-Pacific market is projected to grow at the highest CAGR. Developing economies such as China and India are expected to play a major role on the backdrop of increasing vehicle production. Also, increasing installation of upgraded technology features such as anti-lock braking system (ABS) and start-stop systems is likely to add to the demand for automotive motors.

Restraints of the automotive motors market:

Due to stringent environmental norms and rising demand for vehicles with better fuel efficiency, automotive suppliers are looking at lighter components for weight reduction, which would help to meet the demand for lower emissions and better mileage. Tier II suppliers are developing light weight raw materials through technological advancements without compromising on the structural strength of the components. However, due to stiff competition in pricing, motor manufacturers are not able to pass on the benefit to their customers. Thus, weight and cost reduction can prove to be restraints for the growth of the automotive motors market.

The global automotive motors market is dominated by key players such as Robert Bosch GmbH (Germany), Johnson Electric Holdings Ltd. (Hong Kong), Continental AG (Germany), Nidec Corporation (Japan), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan) among others.

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