Automotive Motors Market by Product, Function, Power Output, Sales Channel, Application, Vehicle Type

List of Tables

The Automotive Motors Market was valued at USD 27.86 billion in 2023 and is projected to grow to USD 29.49 billion in 2024, with a CAGR of 6.03%, reaching USD 41.98 billion by 2030.

KEY MARKET STATISTICS
Base Year [2023]	USD 27.86 billion
Estimated Year [2024]	USD 29.49 billion
Forecast Year [2030]	USD 41.98 billion
CAGR (%)	6.03%

The automotive motors market is undergoing a period of dynamic evolution amid a rapidly shifting global landscape. Technological advancements, shifting consumer demands, and new regulatory frameworks are all converging to create fertile ground for innovation within the industry. In this report, we embark on an in-depth exploration of the factors redefining the motor landscape, weaving together insights from technological trends, segmentation analyses, and regional performance. The narrative is designed to provide decision-makers with a holistic understanding of the market forces at play. Over the past several years, the shift toward electrification and the integration of sophisticated electronics into modern vehicles have led to a paradigm shift. This transformation not only underscores the need for enhanced product performance but also highlights the growing importance of a nuanced understanding of market segmentation. As the automotive sector embraces these sweeping changes, the industry is poised for both challenges and opportunities, making this executive summary an essential guide for professionals seeking to navigate the complexities of the global market.

Transformative Shifts Shaping the Automotive Motors Landscape

Over the last decade, the automotive motors industry has experienced transformative shifts that are redefining the competitive landscape. Advances in material science and power management technologies are accelerating the evolution of motor designs. Today's market no longer revolves solely around traditional combustion engine components; an increasing emphasis on efficiency, sustainability, and advanced control systems has expedited the development of electric alternatives. Technological innovations coupled with stricter environmental standards are pushing manufacturers to reimagine product configurations and optimize performance across diverse applications. As vehicle electrification gains momentum, established players are increasingly investing in research and development initiatives to cater to evolving performance standards. Meanwhile, the convergence of digital technologies with mechanical systems offers unprecedented opportunities for integration and performance enhancement. This transformative era calls for agility and strategic foresight, as the industry continues to balance the legacy of existing technologies with the emerging promise of next-generation solutions. In this context, understanding these shifts is paramount for stakeholders aiming to secure a competitive edge in a market driven by rapid technological progress.

Key Insights from Detailed Market Segmentation

The market for automotive motors is intricately segmented, enabling industry leaders to gain targeted insights into different facets of product and application demands. A detailed examination based on product reveals distinct categories such as brushed motors, brushless motors, and stepper motors; each exhibits unique performance attributes and applications. Similarly, segmentation by function focuses on the categorization of motors based on Electric Vehicle, Hybrid Vehicle, and Internal Combustion Engine configurations, thus illuminating the evolving user preferences in modern automotive design. An equally compelling perspective emerges when considering power output, where the market is analyzed across high, medium, low, and ultra-high power output motors, highlighting the diverse performance criteria that characterize various automotive applications. Furthermore, segmentation by sales channel distinguishes between aftermarket sales and original equipment manufacturers, providing clarity on distribution strategies and consumer access. The application-based segmentation delves deeper into areas such as body electronics, chassis and powertrain, and safety and security systems. In these categories, the study extends to include power seats, power windows, and sunroof motors within body electronics; anti-lock braking, electric propulsion, engine cooling fans, and transmission motors under chassis and powertrain; and, finally, automatic headlamp and power folding mirror motors within the sphere of safety and security. Lastly, understanding vehicle type segmentation, which differentiates between commercial vehicles including both heavy and light commercial variants, as well as the extensive range of passenger cars ranging from hatchbacks to sedans and SUVs, is fundamental for capturing the full spectrum of demand in the automotive motors market.

Based on Product, market is studied across Brushed Motor, Brushless Motor, and Stepper Motor.

Based on Function, market is studied across Electric Vehicle, Hybrid Vehicle, and ICE Vehicle.

Based on Power Output, market is studied across High Power Output Motors, Low Power Output Motors, Medium Power Output Motors, and Ultra-High Power Output Motors.

Based on Sales Channel, market is studied across Aftermarket and OEMs.

Based on Application, market is studied across Body Electronics, Chassis & Powertrain, and Safety & Security. The Body Electronics is further studied across Power Seats Motors, Power Windows Motors, and Sunroofs Motors. The Chassis & Powertrain is further studied across Anti-lock Braking System Motors, Electric Motors, Engine Cooling Fan Motors, and Transmission Motors. The Safety & Security is further studied across Automatic Headlamp Motors and Power Folding Mirror Motors.

Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars. The Commercial Vehicles is further studied across Heavy Commercial Vehicles and Light Commercial Vehicles. The Passenger Cars is further studied across Hatchbacks, Sedans, and SUVs.

Crucial Regional Trends Influencing Market Performance

The geographic landscape of the automotive motors market presents a compelling narrative of regional diversity and targeted growth strategies. In the Americas, market dynamics have been influenced by a matured automotive infrastructure paired with continuous advancements in electric mobility solutions. Shifts in consumer expectations and an increasing preference for eco-friendly solutions have spurred innovation in motor technologies within this region. Turning attention to Europe, the Middle East, and Africa, the interplay of regulatory pressures, sustainability targets, and heightened automotive safety standards have created an environment ripe for product innovation and differentiation. Regulatory frameworks in these regions increasingly demand superior emission standards and efficiency benchmarks, which in return drive the adoption of advanced motor solutions. Moreover, Asia-Pacific stands out as a vibrant epicenter for growth, driven by rapid urbanization and rising disposable incomes. The region is witnessing accelerated investments in electrification, backed by government incentives and well-developed supply chains. Together, these regional narratives underscore the importance of tailored strategies that recognize the unique economic, regulatory, and consumer landscapes governing the adoption and evolution of automotive motors across the globe.

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, Indiana, Kentucky, Michigan, Missouri, Ohio, South Carolina, Tennessee, 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.

Insights on Leading Global Market Players

A robust competitive landscape characterizes the automotive motors market, with several key companies playing pivotal roles in driving technological progress and capturing market share. Industry innovators such as ABB Ltd. and Advanced Electric Machines Ltd have led the transformation of traditional motors into high-efficiency units designed for modern applications. Attron Automotive Private Limited and Borgwarner Inc. continue to be at the forefront, integrating smart technologies that dramatically enhance performance and reliability. Established players including Brogen, Buhler Motor GmbH, and Continental AG have reinforced their market positions by diversifying their product portfolios and responding effectively to emerging demands. DeepDrive and EVR Motors have leveraged agile business models to cater to niche segments, while stalwarts like General Motors Company and Hitachi Ltd. have invested heavily in research and development to pioneer next-generation motor solutions. The expertise of Johnson Electric Holdings Limited and Lucas TVS Limited, combined with the operational excellence of Magna International Inc. and MAHLE GmbH, underscore a competitive landscape marked by innovation and strategic foresight. Meanwhile, Mitsuba Corporation, Mitsubishi Motors Corporation, and Nidec Corporation have maintained their relevance through continuous technological upgrades and market penetration strategies. Companies such as Regal Rexnord Corporation, REIL Electricals India Limited, Robert Bosch GmbH, and Toshiba Corporation further solidify the market's foundation by offering reliable, high-performance solutions. United Motion Inc., Valeo SA, YASA Limited, and ZF Friedrichshafen AG round out a portfolio of market leaders, each contributing to a rich tapestry of competitive expertise and driving the forward momentum of the sector.

The report delves into recent significant developments in the Automotive Motors Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Advanced Electric Machines Ltd, Attron Automotive Private Limited, Borgwarner Inc., Brogen, Buhler Motor GmbH, Continental AG, DeepDrive, EVR Motors, General Motors Company, Hitachi Ltd., Johnson Electric Holdings Limited, Lucas TVS Limited, Magna International Inc., MAHLE GmbH, Mitsuba Corporation, Mitsubishi Motors Corporation, Nidec Corporation, Regal Rexnord Corporation, REIL Electricals India Limited, Robert Bosch GmbH, Toshiba Corporation, United Motion Inc., Valeo SA, YASA Limited, and ZF Friedrichshafen AG. Actionable Recommendations for Industry Leaders

For stakeholders and decision-makers navigating the evolving landscape of automotive motors, several actionable recommendations emerge from the comprehensive analysis. First, it is imperative to align innovation strategies with emerging trends, particularly in the realm of electrification and advanced motor configurations. Investing in research that bridges traditional mechanical systems with state-of-the-art digital technologies can lead to transformative product advancements. Second, market players should assess and recalibrate their distribution channels, ensuring a balanced focus between aftermarket demands and original equipment manufacturing to maximize reach and efficiency. Third, understanding nuanced market segmentation provides a strategic advantage, enabling companies to tailor products to specific performance categories, from brushed and brushless designs to various power output classifications. Integrating insights from function-based segmentation demands that manufacturers consider the distinct requirements of electric, hybrid, and internal combustion vehicles. Furthermore, regional strategies must be nuanced to address localized consumer behavior and regulatory frameworks; doing so can unlock opportunities in mature as well as emerging markets. Continuous monitoring of competitive advancements and technological trends, combined with agile investment strategies, is essential. In summary, leadership in this sector requires a forward-thinking approach, modulated by an expansive understanding of market nuances and underpinned by robust research methodologies.

Summative Conclusions on Market Outlook and Trends

The analysis of the automotive motors market reveals a sector in vibrant transition. The intricate interplay between advancing technology, evolving consumer preferences, and stringent regulatory requirements has ushered in an era of profound market dynamism. This executive summary has highlighted the significance of product, function, power output, sales channel, application, and vehicle type segmentation, providing a nuanced framework to understand market behavior and strategic opportunities. Regional insights further underscore the diversity of market drivers, while a careful review of key companies elucidates the competitive intensity and innovation pathways that characterize the industry. As established players and emerging disruptors alike forge ahead, the importance of adaptive strategies and continuous technological investment cannot be overstated. The insights provided offer a roadmap to navigate the multifaceted challenges of today's market. Ultimately, success in this sector will be defined by the ability to foresee industry shifts, harness segment-specific insights, and channel investments toward sustainable, high-performance solutions that meet both current and future market demands.

Product Code: MRR-030C42D3EA36

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for brushless motors in electric vehicles
  - 5.1.1.2. Rising production and sales of sustainable passenger cars
  - 5.1.1.3. Supportive government initiatives promoting the adoption of electric vehicles
- 5.1.2. Restraints
  - 5.1.2.1. Issues associated with the limited high speed and torque of automotive motors
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing focus on incorporating advanced driver assistance systems in vehicles
  - 5.1.3.2. Ongoing technological advancements in automotive motors
- 5.1.4. Challenges
  - 5.1.4.1. Challenges in infrastructure readiness for electric vehicles and related motor technologies
5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing usage of brushed motors due to their simplicity and cost-effectiveness
- 5.2.2. Function: Rising usage of electric motors in public transport and fleet vehicles for green mobility
- 5.2.3. Power Output: Potential use of high-power output motors in electric aircraft and advanced machinery
- 5.2.4. Sales Channel : Growing adoption of e-commerce channels for better convenience and wider reach
- 5.2.5. Application: Increasing demand of automotive motors in body electronics to offer luxury and heightened convenience
- 5.2.6. Vehicle Type: High adoption of automotive motors across commercial vehicles for ensuring high torque and robustness
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Automotive Motors Market, by Product

6.1. Introduction
6.2. Brushed Motor
6.3. Brushless Motor
6.4. Stepper Motor

7. Automotive Motors Market, by Function

7.1. Introduction
7.2. Electric Vehicle
7.3. Hybrid Vehicle
7.4. ICE Vehicle

8. Automotive Motors Market, by Power Output

8.1. Introduction
8.2. High Power Output Motors
8.3. Low Power Output Motors
8.4. Medium Power Output Motors
8.5. Ultra-High Power Output Motors

9. Automotive Motors Market, by Sales Channel

9.1. Introduction
9.2. Aftermarket
9.3. OEMs

10. Automotive Motors Market, by Application

10.1. Introduction
10.2. Body Electronics
- 10.2.1. Power Seats Motors
- 10.2.2. Power Windows Motors
- 10.2.3. Sunroofs Motors
10.3. Chassis & Powertrain
- 10.3.1. Anti-lock Braking System Motors
- 10.3.2. Electric Motors
- 10.3.3. Engine Cooling Fan Motors
- 10.3.4. Transmission Motors
10.4. Safety & Security
- 10.4.1. Automatic Headlamp Motors
- 10.4.2. Power Folding Mirror Motors

11. Automotive Motors Market, by Vehicle Type

11.1. Introduction
11.2. Commercial Vehicles
- 11.2.1. Heavy Commercial Vehicles
- 11.2.2. Light Commercial Vehicles
11.3. Passenger Cars
- 11.3.1. Hatchbacks
- 11.3.2. Sedans
- 11.3.3. SUVs

12. Americas Automotive Motors Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Automotive Motors Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Automotive Motors Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. DeepDrive secures EUR 30 Million to advance electric motor technology and boost EV adoption
- 15.3.2. YASA develops electric motor redefining performance and efficiency in automotive mobility
- 15.3.3. Toshiba launches TB9103FTG IC for advancement in miniaturization of automotive brushed DC motors
- 15.3.4. Nidec Corporation unveils innovative compact air suspension motor for automobiles
- 15.3.5. EVR Motors establishes new plant in India to boost production of advanced trapezoidal geometry coils for EVs
- 15.3.6. EVR Motors establishes pioneering manufacturing presence in India to meet rising electric vehicle demand
- 15.3.7. KPS Capital Partners LP acquires Innomotics GmbH from Siemens for EUR 3.5 Billion
- 15.3.8. DG Innovate and EVage Motors to kickstart EV motor production in Punjab, India
- 15.3.9. Toshiba unveils SmartMCD series gate driver ICs for enhanced automotive motor control
- 15.3.10. Schaeffler AG and Vitesco Technologies Group AG merge to form EV powertrain supplier
- 15.3.11. Attron Automotive unveils next-gen electric motors and controllers at Bharat Mobility Expo 2024
- 15.3.12. Nidec expands global footprint with strategic acquisitions and new manufacturing facilities in India and Serbia
- 15.3.13. Continental and DeepDrive partners to advance EV technology with innovative in-wheel motor and brake system integration
- 15.3.14. Nidec launches cost-effective electric power steering motor power pack for enhanced vehicle steering
15.4. Strategy Analysis & Recommendation
- 15.4.1. Toshiba Corporation
- 15.4.2. Nidec Corporation
- 15.4.3. Hitachi Ltd.
- 15.4.4. BorgWarner Inc.

Companies Mentioned

1. ABB Ltd.
2. Advanced Electric Machines Ltd
3. Attron Automotive Private Limited
4. Borgwarner Inc.
5. Brogen
6. Buhler Motor GmbH
7. Continental AG
8. DeepDrive
9. EVR Motors
10. General Motors Company
11. Hitachi Ltd.
12. Johnson Electric Holdings Limited
13. Lucas TVS Limited
14. Magna International Inc.
15. MAHLE GmbH
16. Mitsuba Corporation
17. Mitsubishi Motors Corporation
18. Nidec Corporation
19. Regal Rexnord Corporation
20. REIL Electricals India Limited
21. Robert Bosch GmbH
22. Toshiba Corporation
23. United Motion Inc.
24. Valeo SA
25. YASA Limited
26. ZF Friedrichshafen AG