PUBLISHER: IMARC | PRODUCT CODE: 1298683
PUBLISHER: IMARC | PRODUCT CODE: 1298683
Automotive Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global automotive motors market size reached US$ 37.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 52.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028. The growing demand for electric vehicles (EVs), increasing traction of advanced safety features in automobiles, and rising environmental concerns represent some of the key factors driving the market.
Automotive motors comprise a rotator, stator, encoder, conducting wire, amplifier, and frame. They deliver high torque and power output and can convert a high percentage of energy into mechanical power. They have a long lifespan and quieter and smoother operations, which reduces noise pollution and improves the overall driving experience. They offer high flexibility and are employed in a variety of vehicle types, including passenger cars, battery electric vehicles (BEV), two-wheelers, heavy commercial vehicles (HCVs), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV), for enhanced performance, safety, comfort, convenience, and security. Apart from this, as automotive motors generate more power and have higher thermal efficiency, they are widely incorporated in power window motors, seat cooling fans, power steering motors, sunroofs, alternators, wiper systems, exhaust gas recirculation (EGR) and anti-lock brake systems across the globe.
Automotive Motors Market Trends:
At present, rising environmental concerns and the escalating demand for EVs represent one of the key factors positively influencing the market across the globe. In addition, inflating disposable incomes and shifting consumer preferences towards vehicles with enhanced safety and convenience features are catalyzing the demand for automotive motors. Automotive motors are currently gaining immense traction in advanced infotainment systems, heads-up displays, central controllers, anti-lock braking systems, and gesture control systems, which is offering lucrative growth opportunities to key market players. Besides this, the widespread adoption of brushed direct current (DC) motors, on account of their easy speed control, cost-effectiveness, and high power, is creating a positive market outlook. Additionally, governments of various countries are undertaking policies that mandate higher fuel efficiency, lower emissions, and other environmental standards, which, in turn, is leading to the development of more advanced and efficient motors. In line with this, increasing investments in research and development (R&D) activities and various product innovations, such as the introduction of compact and high-efficiency automotive motors that assist in reducing maintenance costs, improving the responsiveness of the vehicle, minimizing overall weight of the vehicle, and maximizing fuel efficiency, are strengthening the market growth. Furthermore, the rising emphasis on the utilization of renewable energy and the introduction of smart automotive motors for performing complex operations are stimulating the growth of the market worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive motors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on motor type, vehicle type, sales channel and application.
Motor Type Insights:
Brushed DC Motor
Brushless DC Motor
Stepper Motor
Traction Motor
The report has provided a detailed breakup and analysis of the automotive motors market based on the motor type. This includes brushed DC motor, brushless DC motor, stepper motor, and traction motor. According to the report, brushed DC motor represented the largest segment.
Vehicle Type Insights:
Electric Vehicle
BEV
PHEV
Non-Electric Vehicle
Passenger
LCV
HCV
A detailed breakup and analysis of the automotive motors market based on the vehicle type has also been provided in the report. This includes electric vehicle (BEV and PHEV) and non-electric vehicle (passenger, LCV and HCV). According to the report, non-electric vehicle (passenger, LCV and HCV) accounted for the largest market share.
Sales Channel Insights:
Original Equipment Manufacturer (OEM)
Aftermarket
A detailed breakup and analysis of the automotive motors market based on the sales channel has also been provided in the report. This includes original equipment manufacturer (OEM) and aftermarket. According to the report, aftermarket accounted for the largest market share.
Application Insights:
Safety
Comfort
Performance
A detailed breakup and analysis of the automotive motors market based on the application has also been provided in the report. This includes safety, comfort, and performance. According to the report, comfort accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for automotive motors. Some of the factors driving the Asia Pacific automotive motors market included the aging population, technological advancements, high healthcare expenditure, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global automotive motors market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include BorgWarner Inc., Brose Fahrzeugteile SE & Co. KG, Buhler Motor GmbH, Continental AG, Johnson Electric Holdings Limited, Mabuchi Motor Co. Ltd., MAHLE GmbH, MITSUBA Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Ricardo PLC, Robert Bosch GmbH, Siemens AG, Valeo., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What was the size of the global automotive motors market in 2022?
2. What is the expected growth rate of the global automotive motors market during 2023-2028?
3. What are the key factors driving the global automotive motors market?
4. What has been the impact of COVID-19 on the global automotive motors market?
5. What is the breakup of the global automotive motors market based on the motor type?
6. What is the breakup of the global automotive motors market based on the vehicle type?
7. What is the breakup of the global automotive motors market based on the sales channel?
8. What is the breakup of the global automotive motors market based on the application?
9. What are the key regions in the global automotive motors market?
10. Who are the key players/companies in the global automotive motors market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Motors Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Motor Type
- 6.1 Brushed DC Motor
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Brushless DC Motor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Stepper Motor
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Traction Motor
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Vehicle Type
- 7.1 Electric Vehicle
- 7.1.1 Market Trends
- 7.1.2 Key Segments
- 7.1.2.1 BEV
- 7.1.2.2 PHEV
- 7.1.3 Market Forecast
- 7.2 Non-Electric Vehicle
- 7.2.1 Market Trends
- 7.2.2 Key Segments
- 7.2.2.1 Passenger
- 7.2.2.2 LCV
- 7.2.2.3 HCV
- 7.2.3 Market Forecast
8 Market Breakup by Sales Channel
- 8.1 Original Equipment Manufacturer (OEM)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aftermarket
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Safety
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Comfort
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Performance
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 BorgWarner Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Brose Fahrzeugteile SE & Co. KG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Buhler Motor GmbH
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Continental AG
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Johnson Electric Holdings Limited
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Mabuchi Motor Co. Ltd.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 MAHLE GmbH
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 SWOT Analysis
- 15.3.8 MITSUBA Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 Mitsubishi Electric Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Nidec Corporation
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Ricardo PLC
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 Robert Bosch GmbH
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 SWOT Analysis
- 15.3.13 Siemens AG
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
- 15.3.14 Valeo
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio
- 15.3.14.3 Financials
- 15.3.14.4 SWOT Analysis
- 15.3.1 BorgWarner Inc.
List of Figures
- Figure 1: Global: Automotive Motors Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Motors Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive Motors Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Automotive Motors Market: Breakup by Motor Type (in %), 2022
- Figure 5: Global: Automotive Motors Market: Breakup by Vehicle Type (in %), 2022
- Figure 6: Global: Automotive Motors Market: Breakup by Sales Channel (in %), 2022
- Figure 7: Global: Automotive Motors Market: Breakup by Application (in %), 2022
- Figure 8: Global: Automotive Motors Market: Breakup by Region (in %), 2022
- Figure 9: Global: Automotive Motors (Brushed DC Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Automotive Motors (Brushed DC Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Automotive Motors (Brushless DC Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Automotive Motors (Brushless DC Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Automotive Motors (Stepper Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Automotive Motors (Stepper Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Automotive Motors (Traction Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Automotive Motors (Traction Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Automotive Motors (Electric Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Automotive Motors (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Automotive Motors (Non-Electric Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Automotive Motors (Non-Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Automotive Motors (Original Equipment Manufacturer (OEM)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Automotive Motors (Original Equipment Manufacturer (OEM)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Automotive Motors (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Automotive Motors (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Automotive Motors (Safety) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Automotive Motors (Safety) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Automotive Motors (Comfort) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Automotive Motors (Comfort) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Automotive Motors (Performance) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Automotive Motors (Performance) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: North America: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: North America: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: United States: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: United States: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Canada: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Canada: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Asia-Pacific: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Asia-Pacific: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: China: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: China: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Japan: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Japan: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: India: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: India: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: South Korea: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: South Korea: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Australia: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Australia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Indonesia: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Indonesia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Europe: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Europe: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Germany: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Germany: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: France: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: France: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: United Kingdom: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: United Kingdom: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Italy: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Italy: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Spain: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Spain: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Russia: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Russia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Latin America: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Latin America: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Brazil: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Brazil: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Mexico: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Mexico: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Middle East and Africa: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Middle East and Africa: Automotive Motors Market: Breakup by Country (in %), 2022
- Figure 79: Middle East and Africa: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Global: Automotive Motors Industry: SWOT Analysis
- Figure 81: Global: Automotive Motors Industry: Value Chain Analysis
- Figure 82: Global: Automotive Motors Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Motors Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive Motors Market Forecast: Breakup by Motor Type (in Million US$), 2023-2028
- Table 3: Global: Automotive Motors Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 4: Global: Automotive Motors Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
- Table 5: Global: Automotive Motors Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Automotive Motors Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Automotive Motors Market: Competitive Structure
- Table 8: Global: Automotive Motors Market: Key Players
