HOME Research Insight GmbH (Germany) and Johnson Electric Holdings Ltd. (Hong Kong) are the Key Players in the Automotive Motors Market

GmbH (Germany) and Johnson Electric Holdings Ltd. (Hong Kong) are the Key Players in the Automotive Motors Market

Increased demand for convenience features and stringent emission norms have boosted the demand for automotive motors. As a result, the automotive motors market is estimated to witness high growth in developing countries such as Mexico, India, Brazil, and Russia. The market growth in these countries can be attributed to a significant increase in the production of passenger cars.

The global automotive motors market is projected to grow at a CAGR of 6.02% from 2017 to 2022. Asia-Pacific and North America are expected to witness a significant growth of the automotive motors market during the forecast period. The market growth in these regions can be attributed to stringent safety regulations and increasing penetration of electric vehicles in emerging markets such as China, Japan, and India. Asia-Pacific is estimated to account for the largest market share of the automotive motors market, followed by Europe, North America, and the Rest of the World. China is estimated to have the maximum share in the automotive motors market of Asia-Pacific.

The automotive motors market is dominated by global players and a few regional players. Some of the key market players are Robert Bosch GmbH (Germany), Johnson Electric Holdings Ltd. (Hong Kong), Continental AG (Germany), Nidec Corporation (Japan), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan). Bosch GmbH (Germany) is one of the leading manufacturers of automotive motors and has developed a servolectric steering system, which controls and assists the vehicle steering with the help of an electronically controlled motor. The electric motor provides the assistance calculated by the servolectric electronic control unit with high precision. Other players such as Denso Corporation and Mitsubishi Electric Corporation have also launched new products. For instance, Denso Corporation has developed a power window motor with enhanced safety sensor features. Likewise, Mitsubishi Electric Corporation has developed a prototype electric vehicle motor drive system with a built-in silicon carbide inverter.

Johnson Electric Holdings Ltd., headquartered in Hong Kong, is an automotive manufacturing company. It was originally founded in 1959. The company operates in three segments-automotive product group (APG), industry product group (IPG), and components & services. The company offers automotive pump components under the motion (motors and solenoids) segment. The APG segment provides switches, actuators, motion subset solutions, and custom motors for all critical automotive motion-related functions. In 2015, the company launched a new high torque motor platform for variable geometry turbochargers.

Another key market player is Nidec Corporation, which is one of the largest suppliers in the global brushless motor market. The company is trying to expand its global footprint through acquisitions and expansions. In 2013, Nidec Corporation established a new company for automotive motors in the Americas. This helped to strengthen its automotive motor business with an increasingly expanded product lineup consisting of brushless motors.

Other major players in the automotive motors market are focusing on expanding their product offering to achieve continuous and sustainable growth. This is evident from several collaborations and joint ventures these companies have undertaken in recent years.

Related 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

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