Automobile Rotor Stator Market
Automobile Rotor Stator Market Forecasts to 2030 - Global Analysis By Motor Type (Brushless DC Motor, Induction Motor, Permanent Magnet Synchronous Motor (PMSM), Synchronous Reluctance Motor (SynRM), and Other Motor Types), Material, Vehicle Type, Stator Type, Rotor Type, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2024) |
US $13295.03 MN |
|
Projected Year Value (2030) |
US $24071.53 MN |
|
CAGR (2024- 2030) |
10.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Automobile Rotor Stator Market is accounted for $13295.03 million in 2024 and is expected to reach $24071.53 million by 2030 growing at a CAGR of 10.4% during the forecast period. An automobile rotor-stator system refers to the combined assembly of a rotor and a stator in various automotive applications, particularly in electric and hybrid vehicles. The stator generates a magnetic field when energized, while the rotor is driven by this magnetic field to produce mechanical power. This market is poised for growth due to increasing demand for electric vehicles (EVs) and advancements in motor technologies.
According to the International Organization of Motor Vehicle Manufacturers (OICA), in the previous year, approximately 85 million motor vehicles were produced across the world, an increase of 6% compared to the year before it. According to the International Energy Agency (IEA), the global sales of electric vehicles have been rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021.
Market Dynamics:
Driver:
Increasing adoption of safety features
The increasing demand for complex driver assistance systems and autonomous driving technologies is propelling the Automobile Rotor Stator Market's growth. Safety-critical components like electric power steering and brake systems rely on efficient rotor-stator assemblies for precise control and responsiveness. High-performance rotors and stators are essential for dependable, energy-efficient, and fault-tolerant safety features in electric and hybrid vehicles as automakers work to meet safety standards and consumer expectations.
Restraint:
Rising material costs
Growing material costs are having a big effect on the market, mostly because more modern materials are needed to make efficient electric motors. Global supply chain interruptions have caused price spikes for key components including silicon-based materials and high-performance electrical steels. Costs are further increased by the intricacy of production procedures, which call for specialist skills like welding and stamping. Economic constraints have the potential to impede manufacturers' capacity for innovation and adaptation, thereby impacting the rotor stator market's overall growth and competitiveness within the automobile industry.
Opportunity:
Advancements in vehicle technology
Technological developments in vehicles, particularly as the automotive sector moves toward electrification, are ultimately propel the automobile rotor stator market. For electric and hybrid vehicles to maximize power output and energy management, high-efficiency rotor and stator components are necessary. Lighter designs are made possible by advancements in manufacturing techniques and materials that enhance performance and durability. The market is expanding as a result of the need for complex rotor stator solutions brought on by the integration of smart technologies like AI and IoT.
Threat:
Economic fluctuations
Economic fluctuations can have a substantial impact on demand for vehicle rotor stator products. Consumers may spend less on new cars during economic downturns, which would lower demand for automotive components like rotor stators and reduce output. On the other hand, economic expansion may result in more sales of automobiles, which would raise the need for rotor stators. These distinctions may have an impact on producers' profitability and breed doubt in the marketplace.
Covid-19 Impact
Automobile rotor stator sales were significantly impacted by the COVID-19 epidemic. Global shutdowns and supply chain disruptions caused a precipitous drop in vehicle manufacturing, which in turn reduced demand for automotive parts. On the other hand, the market for rotor stators also started to expand as economies started to improve and the demand for automobiles increased. The pandemic boosted the demand for electric vehicles, which need specific rotor stators, hastening their acceptance. All things considered, the COVID-19 epidemic brought about difficulties, but it also offered chances for innovation and expansion in the automotive rotor stator industry.
The silicon steel segment is expected to be the largest during the forecast period
The silicon steel segment is estimated to be the largest, due to its superior electrical conductivity and magnetic qualities. It is extensively utilized in the building of stator cores, which are essential for producing the magnetic field required for the running of generators and electric motors. The application of silicon steel in rotor stators results in increased performance, less energy losses, and increased efficiency. The usage of silicon steel in rotor stators is anticipated to rise in line with the growing demand for electric and hybrid automobiles.
The electric power steering (EPS) segment is expected to have the highest CAGR during the forecast period
The electric power steering (EPS) segment is anticipated to witness the highest CAGR during the forecast period, due to the growing integration of electric power steering (EPS) systems into automobiles. With EPS technology, conventional hydraulic systems are replaced with electric motors that modify steering assistance in response to road conditions, improving vehicle handling and fuel economy. Along with increasing performance, this change also lowers energy usage, which is consistent with the industry's emphasis on sustainability.
Region with largest share:
Asia Pacific is expected to have the largest market share during the forecast period due to the rapid growth of the automotive industry, particularly in countries like China and India, is a significant contributor, as increasing vehicle production demands high-quality rotor and stator components. Additionally, the rising adoption of electric vehicles (EVs) and hybrids is creating a surge in demand for efficient electric motor systems, which rely on advanced rotor and stator technologies. Furthermore, government initiatives promoting sustainability and reducing emissions are encouraging manufacturers to invest in innovative automotive technologies, further propelling market growth in this region.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period, owing to the increasing adoption of electric vehicles (EVs). Additionally, a growing focus on safety features and driver assistance systems has increased the demand for reliable rotor-stator components in electric power steering and braking systems. The presence of major automotive manufacturers and technological innovation hubs further supports market growth, along with consumer preferences for high-performance and energy-efficient vehicles.
Key players in the market
Some of the key players profiled in the Automobile Rotor Stator Market include Bosch, Denso, Valeo, Continental, NSK, Schaeffler, Johnson Electric, Magneti Marelli, Delphi Technologies, Mitsubishi Electric, ABB, Yaskawa Electric, Nidec Corporation, Siemens, Eaton Corporation, Johnson Controls, and Nexteer Automotive.
Key Developments:
In October 2023, Bosch launched a new electric motor with integrated rotor-stator technology aimed at improving efficiency in electric vehicles (EVs).
In June 2023, Mitsubishi Electric launched its innovative rotor-stator solution for automotive electric drives, targeting higher power output with lower energy consumption.
In November 2022, Schaeffler rolled out its e-motor platform, featuring rotor-stator units optimized for power density and cooling in electric powertrains.
In August 2022, Johnson Electric launched a new rotor-stator assembly for compact electric motors aimed at improving energy efficiency in automotive applications.
Motor Types Covered:
• Brushless DC Motor
• Induction Motor
• Permanent Magnet Synchronous Motor (PMSM)
• Synchronous Reluctance Motor (SynRM)
• Other Motor Types
Materials Covered:
• Silicon Steel
• Copper
• Aluminum
• Iron
• Rare Earth Magnets
Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicles
• Electric Vehicles (EVs)
• Hybrid Vehicles
Stator Types Covered:
• Permanent Magnet Stator
• Wound Stator
Rotor Types Covered:
• Squirrel-Cage Rotor
• Wound Rotor
• Permanent Magnet Rotor
Applications Covered:
• Engine
• Electric Power Steering (EPS)
• Starter Motors
• HVAC Systems
• Drivetrain Motors
• Alternators
• Electric Powertrains
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automobile Rotor Stator Market, By Motor Type
5.1 Introduction
5.2 Brushless DC Motor
5.3 Induction Motor
5.4 Permanent Magnet Synchronous Motor (PMSM)
5.5 Synchronous Reluctance Motor (SynRM)
5.6 Other Motor Types
6 Global Automobile Rotor Stator Market, By Material
6.1 Introduction
6.2 Silicon Steel
6.3 Copper
6.4 Aluminum
6.5 Iron
6.6 Rare Earth Magnets
7 Global Automobile Rotor Stator Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Cars
7.3 Commercial Vehicles
7.4 Electric Vehicles (EVs)
7.5 Hybrid Vehicles
8 Global Automobile Rotor Stator Market, By Stator Type
8.1 Introduction
8.2 Permanent Magnet Stator
8.3 Wound Stator
9 Global Automobile Rotor Stator Market, By Rotor Type
9.1 Introduction
9.2 Squirrel-Cage Rotor
9.3 Wound Rotor
9.4 Permanent Magnet Rotor
10 Global Automobile Rotor Stator Market, By Application
10.1 Introduction
10.2 Engine
10.3 Electric Power Steering (EPS)
10.4 Starter Motors
10.5 HVAC Systems
10.6 Drivetrain Motors
10.7 Alternators
10.8 Electric Powertrains
10.9 Other Applications
11 Global Automobile Rotor Stator Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Bosch
13.2 Denso
13.3 Valeo
13.4 Continental
13.5 NSK
13.6 Schaeffler
13.7 Johnson Electric
13.8 Magneti Marelli
13.9 Delphi Technologies
13.10 Mitsubishi Electric
13.11 ABB
13.12 Yaskawa Electric
13.13 Nidec Corporation
13.14 Siemens
13.15 Eaton Corporation
13.16 Johnson Controls
13.17 Nexteer Automotive
List of Tables
1 Global Automobile Rotor Stator Market Outlook, By Region (2022-2030) ($MN)
2 Global Automobile Rotor Stator Market Outlook, By Motor Type (2022-2030) ($MN)
3 Global Automobile Rotor Stator Market Outlook, By Brushless DC Motor (2022-2030) ($MN)
4 Global Automobile Rotor Stator Market Outlook, By Induction Motor (2022-2030) ($MN)
5 Global Automobile Rotor Stator Market Outlook, By Permanent Magnet Synchronous Motor (PMSM) (2022-2030) ($MN)
6 Global Automobile Rotor Stator Market Outlook, By Synchronous Reluctance Motor (SynRM) (2022-2030) ($MN)
7 Global Automobile Rotor Stator Market Outlook, By Other Motor Types (2022-2030) ($MN)
8 Global Automobile Rotor Stator Market Outlook, By Material (2022-2030) ($MN)
9 Global Automobile Rotor Stator Market Outlook, By Silicon Steel (2022-2030) ($MN)
10 Global Automobile Rotor Stator Market Outlook, By Copper (2022-2030) ($MN)
11 Global Automobile Rotor Stator Market Outlook, By Aluminum (2022-2030) ($MN)
12 Global Automobile Rotor Stator Market Outlook, By Iron (2022-2030) ($MN)
13 Global Automobile Rotor Stator Market Outlook, By Rare Earth Magnets (2022-2030) ($MN)
14 Global Automobile Rotor Stator Market Outlook, By Vehicle Type (2022-2030) ($MN)
15 Global Automobile Rotor Stator Market Outlook, By Passenger Cars (2022-2030) ($MN)
16 Global Automobile Rotor Stator Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
17 Global Automobile Rotor Stator Market Outlook, By Electric Vehicles (EVs) (2022-2030) ($MN)
18 Global Automobile Rotor Stator Market Outlook, By Hybrid Vehicles (2022-2030) ($MN)
19 Global Automobile Rotor Stator Market Outlook, By Stator Type (2022-2030) ($MN)
20 Global Automobile Rotor Stator Market Outlook, By Permanent Magnet Stator (2022-2030) ($MN)
21 Global Automobile Rotor Stator Market Outlook, By Wound Stator (2022-2030) ($MN)
22 Global Automobile Rotor Stator Market Outlook, By Rotor Type (2022-2030) ($MN)
23 Global Automobile Rotor Stator Market Outlook, By Squirrel-Cage Rotor (2022-2030) ($MN)
24 Global Automobile Rotor Stator Market Outlook, By Wound Rotor (2022-2030) ($MN)
25 Global Automobile Rotor Stator Market Outlook, By Permanent Magnet Rotor (2022-2030) ($MN)
26 Global Automobile Rotor Stator Market Outlook, By Application (2022-2030) ($MN)
27 Global Automobile Rotor Stator Market Outlook, By Engine (2022-2030) ($MN)
28 Global Automobile Rotor Stator Market Outlook, By Electric Power Steering (EPS) (2022-2030) ($MN)
29 Global Automobile Rotor Stator Market Outlook, By Starter Motors (2022-2030) ($MN)
30 Global Automobile Rotor Stator Market Outlook, By HVAC Systems (2022-2030) ($MN)
31 Global Automobile Rotor Stator Market Outlook, By Drivetrain Motors (2022-2030) ($MN)
32 Global Automobile Rotor Stator Market Outlook, By Alternators (2022-2030) ($MN)
33 Global Automobile Rotor Stator Market Outlook, By Electric Powertrains (2022-2030) ($MN)
34 Global Automobile Rotor Stator Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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