Automotive Motors Market Size, Share, Outlook And Growth Opportunities


Posted March 25, 2020 by avinash1

Automotive motors are electric systems integrated in various automotive components such as airbags, ABS, and power windows

 
Automotive motors are electric systems integrated in various automotive components such as airbags, ABS, and power windows, which help enhance vehicle performance, improve safety and increase comfort. Rampant growth of the global automotive sector, especially the electric vehicle segment, along with stringent government regulations pertaining to vehicle safety are augmenting the market growth. Majorly three types of motors are used in automotive which are direct current brushed motors, direct current brushless motors, and stepper motors. 
 
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Market Dynamics
The recent past has witnessed rising adoption of electric vehicles as they are an eco-friendly option, are cost effective. Such vehicles integrate a higher number of automotive motors and thus, growing demand for such motors is expected to fuel growth of the automotive motors market. According to the International Energy Agency (IEA) report In the Paris Agreement, it was stated that 600 million electric vehicles will be on roads by 2040, which will in aid in bringing global warming to below 2°C”. Furthermore, in 2018, the global electric vehicles sales exceeded 5.1 million, which was an increase of 2 million from 2017, and double the number of new electric car sales compared to 2017.
In 2018, the hybrid electric vehicles segment held the dominant position in the market, and is projected to retain its dominance throughout the forecast period. High sales of hybrid electric vehicle are one of the major factors driving growth of the market. According to Coherent Market Insights, in 2018, global sales of plug-in vehicle reached 2.1 million units, which is around 64% higher than the sales in 2017.  These include all battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) passenger cars sales, light trucks in U.S. and Canada, and light commercial vehicles in Europe and China.
Key features of the study:

This report provides an in-depth analysis of the global automotive motors market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global automotive motors market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global automotive motors market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the automotive motors market.

 
DC brushed motors segment held the dominant position in the global automotive motors market in 2016
A DC brushed motor is an internally commutated electric motor, which provides a link between external supply circuit and armature of the motor. It is designed to run from a direct current power source. The brushes of these motors are made of materials such as carbon, copper, carbon graphite, and metal graphite. Furthermore, the DC brushed motor is expected to hold dominant position in the global automotive motor market, as DC brushed motors have the ability to achieve high torque at low speed, which makes these motors suitable for various applications in vehicles. Systems such as windshield wipers, power windows, washers, and cooling fans depend on DC brushed motors.
 
Detail Automotive Motors Market Segmentation:
Global Automotive Motors Market, By Product Type:
DC Brushed Motors
DC Brushless Motors
Global Automotive Motors Market, By Application:
Performance Motors
Comfort Motors
Global Automotive Motors Market, By Vehicle Segment:
Passenger Cars (excluding electric vehicles)
Two/Three Wheelers(excluding electric vehicles)
Commercial Vehicles(excluding electric vehicles)
Sub-Segment
Light Commercial Vehicles
Heavy Commercial vehicles
Global Automotive Motors Market, By Electric Vehicle:
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Battery Electric Vehicle (BEV)
 
 
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Major players operating in the global automotive motor market are Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.
 
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
 
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Categories Science , Software , Technology
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Last Updated March 25, 2020