by The automotive motors global market size accounted for US$ 29.2 billion in 2021 and is projected to reach around USD 41.66 billion by 2030, growing at a CAGR of 4.03% from 2022 to 2030. The demand for comfort, increased concerns about safety and the use of the electronic components in the vehicles are expected to drive growth of the market.
Automotive Motors Market Key Takeaways:
- By type, the DC brushed motors segment contributed highest revenue share of over 44% in 2021.
- By vehicle type, the passenger cars segment hit 39% revenue share in 2021.
- By function, the comfort & convenience segment held 54% revenue share in 2021.
- Asia-Pacific region contributed revenue share of over 43% in 2021.
- Germany automotive motors market size was accounted at USD 2.76 billion in 2021 and growing at a CAGR of 5.2% from 2022 to 2030.
- China Automotive Motors market size was reached at USD 4.31 billion in 2021 and it is expected to grow at a CAGR of 4.9% from 2022 to 2030.
- India automotive motors market was worth around at USD 1.34 billion in 2021 and is expected to grow at a CAGR of 5.5% from 2022 to 2030.
Report Summary
The global automotive motors market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations. The global automotive motors market study covered in the report spans a forecast period from 2022 to 2030.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the automotive motors market across the globe.
A comprehensive estimate on the automotive motors market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of automotive motors during the forecast period. Price point comparison by region with global average price is also considered in the study
An electric motor is an electrical machine that helps in the conversion of electrical energy into mechanical energy. Such motors have become an essential part of a vehicle to smoothly perform operations involving continuous rotational motion. The electric motors used in automotive should have characteristics such as high power density, high starting torque, and enhanced efficiency. Also, there are increasing applications of speed or torque-controlled motors in automotive due to the need for improved fuel economy along with the demand for vehicles with more convenience and comfort.
In present times, the continuous developments in technology has enabled rising focus of automobile manufacturers on the implementation of automotive motors for different systems in the vehicle. These systems include a power steering system, anti-lock braking system, and climate control system among others. In addition, the automotive motor is the prominent part of ABS, ESC, and AEB systems. Furthermore, convenience and safety features are not only limited for premium vehicles but are also being provided in entry-level and mid-level vehicles. Hence, demand for convenience and safety features in vehicles has driven growth of the global automotive motor market.
Brushless Motors to be a fast-growing segment during the forecast period
The major applications of brushless motors include EGR motors, electric sunroof motors, and many others. Brushless motors are more efficient and durable than brushed motors as these are not susceptible to damage or breakage and undergo minimal wear and tear, attributed to the absence of a physical commutator and brushes.
Also, brushless motors have better speed and torque and can maintain or increase torque at various speeds. Importantly, there is no power loss across brushes, making the motors significantly more efficient. Brushless motors also provide high output power, better heat dissipation, higher speed ranges, and lownoise operation.
Brushless DC motors provide significant benefits in terms of power density, thereby providing better fuel economy, reduced weight, and lower emissions. They are used in cabin HVAC blowers, pumps, and windshield wipers, among others. The factors accelerating the growth of brushless motors in the global market include manufacturing advanced technology in vehicles.
Since regulations enforced by the governments have encouraged manufacturers and customers to opt for electric and hybrid vehicles, there has been an increase in the demand for motors offering lesser weight and high speed. The use of brushless motors in the power steering system can improve fuel consumption by 3-5% if an electric system replaces the hydraulic system. The motors are useful in both ICE and electric drives, so their demand is more hyped in the market.
Automotive Motors Market Key Highlights:
Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized automotive motors market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.
Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.
Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.
Also Read: Aluminium Cans Market Value To Touch USD 87.1 Bn by 2030
Automotive Motors Market Players
The report includes the profiles of key automotive motors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Major companies operating in this area are:
- Continental AG (Germany)
- Nidec Corporation (Japan)
- Robert Bosch GmbH (Germany)
- Johnson Electric Holdings Ltd. (Hong Kong)
- Denso Corporation (Japan)
- Mitsubishi Electric Corporation (Japan). Siemens AG (Germany)
- Borgwarner Inc. (U.S.)
- Mitsuba Corporation (Japan)
- Magna International (Canada)
- Valeo S.A. (France)
- Mahle Group (Germany)
- REIL Electricals India Limited (India)
- PMP Auto Components Pvt. Ltd. (India)
- SAIC Motor Corporation Limited (China)
Market Segmentation
By Application
- Power Antenna Motor
- Alternator
- Electric Parking Brake
- Fuel pump Motor
- Sunroof Motor
- Wiper Motor
- Starter Motor
- Electric Power Steering
- Engine Cooling Fan
By Vehicle Type
- Heavy Commercial Vehicles
- Passenger Cars
- Electric two-Wheeler
- Light Commercial Vehicle
- Two-Wheeler
- Plug in Hybrid Electric Vehicle
- Battery Electric Vehicle
By Technology
- Pulse-width modulation (PWM)
- Direct torque control (DTC)
- Others
By Function
- Performance
- Comfort & Convenience
- Safety & Security
By Motor Type
- Stepper Motor
- Brushless DC Motor
- DC brushed Motor
- Traction Motor
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Why should you invest in this report?
If you are aiming to enter the global automotive motors market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive motors are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Motors Market
5.1. COVID-19 Landscape: Automotive Motors Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Motors Market, By Application
8.1. Automotive Motors Market, by Application, 2022-2030
8.1.1. Power Antenna Motor
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Alternator
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Electric Parking Brake
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Fuel pump Motor
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Sunroof Motor
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Wiper Motor
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Starter Motor
8.1.7.1. Market Revenue and Forecast (2017-2030)
8.1.8. Electric Power Steering
8.1.8.1. Market Revenue and Forecast (2017-2030)
8.1.9. Engine Cooling Fan
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Automotive Motors Market, By Vehicle Type
9.1. Automotive Motors Market, by Vehicle Type, 2022-2030
9.1.1. Heavy Commercial Vehicles
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Passenger Cars
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Electric two-Wheeler
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Light Commercial Vehicle
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Two-Wheeler
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Plug in Hybrid Electric Vehicle
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Battery Electric Vehicle
9.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Automotive Motors Market, By Technology
10.1. Automotive Motors Market, by Technology, 2022-2030
10.1.1. Pulse-width modulation (PWM)
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Direct torque control (DTC)
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Automotive Motors Market, By Function
11.1. Automotive Motors Market, by Function, 2022-2030
11.1.1. Performance
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Comfort & Convenience
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Safety & Security
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Automotive Motors Market, By Motor Type
12.1. Automotive Motors Market, by Motor Type, 2022-2030
12.1.1. Stepper Motor
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Brushless DC Motor
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. DC brushed Motor
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Traction Motor
12.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Automotive Motors Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Application (2017-2030)
13.1.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.1.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.4. Market Revenue and Forecast, by Function (2017-2030)
13.1.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Function (2017-2030)
13.1.6.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Application (2017-2030)
13.1.7.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.1.7.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.7.4. Market Revenue and Forecast, by Function (2017-2030)
13.1.7.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.2.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.4. Market Revenue and Forecast, by Function (2017-2030)
13.2.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.7. Market Revenue and Forecast, by Function (2017-2030)
13.2.8. Market Revenue and Forecast, by Motor Type (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.10. Market Revenue and Forecast, by Function (2017-2030)
13.2.11. Market Revenue and Forecast, by Motor Type (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Function (2017-2030)
13.2.13. Market Revenue and Forecast, by Motor Type (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Function (2017-2030)
13.2.15. Market Revenue and Forecast, by Motor Type (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.3.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.4. Market Revenue and Forecast, by Function (2017-2030)
13.3.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Function (2017-2030)
13.3.7. Market Revenue and Forecast, by Motor Type (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Function (2017-2030)
13.3.9. Market Revenue and Forecast, by Motor Type (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Function (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Function (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.4.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.4. Market Revenue and Forecast, by Function (2017-2030)
13.4.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Function (2017-2030)
13.4.7. Market Revenue and Forecast, by Motor Type (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Function (2017-2030)
13.4.9. Market Revenue and Forecast, by Motor Type (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Function (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Function (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Application (2017-2030)
13.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.5.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.4. Market Revenue and Forecast, by Function (2017-2030)
13.5.5. Market Revenue and Forecast, by Motor Type (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Function (2017-2030)
13.5.7. Market Revenue and Forecast, by Motor Type (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Function (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Motor Type (2017-2030)
Chapter 14. Company Profiles
14.1. Continental AG (Germany)
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Nidec Corporation (Japan)
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Robert Bosch GmbH (Germany)
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Johnson Electric Holdings Ltd. (Hong Kong)
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Denso Corporation (Japan)
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Mitsubishi Electric Corporation (Japan). Siemens AG (Germany)
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Borgwarner Inc. (U.S.)
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Mitsuba Corporation (Japan)
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Magna International (Canada)
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Valeo S.A. (France)
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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