Global Automotive Motors Market Size, Growth Analysis Report, Forecast to 2027
Global Automotive Motors Market: Report Based on Development, Scope, Share, Trends, Forecast to 2027
Global Automotive Motors Market Trends | Segmentation, Outlook, Industry Report to 2021-2027

The global automotive motors market is projected to grow at a significant CAGR of around 8.5% during the forecast period. The key factors that drive the global automotive motors market include the increased need for safety features and convenience. The automotive motors are highly utilized for applications such as the HVAC system, electric power steering, power windows, and side mirrors among others. Thus, with the increase in the demand for these applications, the market is projected to witness an upsurge over the forecast period.

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Further, the increased demand for the vehicles is directly proportional to the sales of automotive motors, thus, this in turn will drive the growth of the global automotive motors market. Moreover, the rapid advancements in vehicles along with their electrification also drives the growth of the market. However, the higher costs and fluctuating prices of motors are likely to challenge the market growth. Besides, a negative impact of COVID-19 on the automotive industry and so the automotive motor market is also witnessed in 2020 all across the globe, which is also restricting market growth.


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The global automotive motors market has been segmented into type, vehicle type, and distribution channel. Based on the type, the market has been sectioned as brushless dc motor & stepper motor, brushed dc motor, ac induction motor, and others. By vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and electric vehicles. Commercial vehicles segment is further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others.

Amongst the vehicle type segment, the electric vehicles segment is estimated to show significant growth over the forecast period. The electric vehicles segment is sub-segmented into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). The segmental growth of the market is accredited to the rising adoption of electric vehicles globally.

Global Automotive Motors Market - Segmentation
Asia-Pacific Automotive Motors Market by Type
• Brushless DC Motor&Stepper Motor
• Brushed DC Motor
• AC Induction Motor
• Others

Asia-Pacific Automotive Motors Market by Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o Others (Buses & Coaches)
• Electric Vehicles
o Battery Electric Vehicles (BEVs)
o Plug-in Electric Vehicles (PEVs)
o Hybrid Electric Vehicles (HEVs)

Asia-Pacific Automotive Motors Market by Distribution Channel
• OEM
• Aftermarket

Global Automotive Motors Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

Company Profiles
• ABB Ltd.
• Brose Fahrzeugteile SE & Co. KG
• Buhler Motor GmbH
• BYD Auto Co., Ltd.
• Continental AG
• Denso Corp.
• Inmotion Technologies AB
• Johnson Electric Holdings Ltd.
• Mabuchi Motors Co. Ltd
• Magna International Inc.
• Magneti Marelli S.p.A.
• Mahle GmbH
• Mitsuba Corp.
• Mitsubishi Electric Corp.
• Nidec Corp.
• Ricardo Plc
• Robert Bosch GmbH
• Siemens AG
• Tesla Inc.
• Toshiba Corp.
• Valeo SA
• Yamaha Motor Co.


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