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Automotive Motor - Global Market Outlook (2019-2027)

Automotive Motor - Global Market Outlook (2019-2027)

4.1 (80 reviews)
Published: July 2020 ID: SMRC19551
4.1 (80 reviews)
Published: July 2020 ID: SMRC19551

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Automotive Motor Market is accounted for $27.30 billion in 2019 and is expected to reach $50.90 billion by 2027 growing at a CAGR of 8.1% during the forecast period. Some of the key factors propelling the market growth include rising demand for safety features and convenience, growing production volume of vehicles, rise in demand for advanced automation systems, rising need for fuel-efficient vehicles, and increased mandatory installation of features such as anti-lock braking systems (ABS) and airbags. However, fluctuating prices of raw materials is likely to hamper the market.

An automotive motor is a machine that converts the electrical energy provided by the battery or the engine unit into the mechanical energy. The reverse action of conversion of mechanical energy into electrical energy can be found in generators. Most automotive motors function through the interaction between the winding current and motor’s magnetic field, for instance, this can be seen in the electric motor which is used for the starting the vehicle and hence it is called as starter motor. Additionally, the regenerative breaking which is used in automobiles, the traction motors are used in reverse action to covert the mechanical energy into electric energy which is stored in the battery system and can be used as per the requirement of the vehicle.

By vehicle type, hybrid electric vehicle (HEV) is anticipated to grow at the significant rate during the forecast period. Modern HEVs are enabled with efficiency-improved technology such as regenerative brakes, electric motor drive, and automatic start/shut-off. Electric motor drive and automatic start/shut-off helps to improve the efficiency of the electric vehicle as they save energy by smart operations. These technological advantages have made HEVs successful in recent years.

On the basis of geography, Asia-Pacific is estimated to have considerable market growth during the forecast period, owing to rising demand for advanced safety features such as seat belt reminders, anti-lock braking systems and so on. Developing economies such as China and India are expected to play a major role on the backdrop of increasing vehicle production. Also, increasing installation of upgraded technology features such as anti-lock braking system (ABS) and start-stop systems is likely to add to the demand for automotive motors.

Some of the key players in automotive motors market include Robert Bosch GmbH, Siemens Ag, Valeo Sa, Buhler Motor, Nidec Corporation, Calsonic Kansei Corporation, Denso Corporation, Johnson Electric Holdings Limited, Mitsuba Corporation, Borgwarner Inc., Mitsubishi Electric Corporation, IFB Automotive Private Limited, Continental AG, Magna International, Mahle Group, Panasonic Corporation, Mabuchi Motors Co. Ltd, and Ricardo.

Vehicle Types Covered:
• Non-Electric Vehicle
• Electric Vehicles

Product Types Covered:
• DC Brushless Motors
• DC Brushed Motors
• Stepper Motors
• Traction Motor

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Applications Covered:
• Comfort & Convenience Motors
• Safety & Security Motors
• Performance Motors
• Powertrain
• Chasis

Types Covered:
• Stater
• Motor
• Alternator

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan        
o China       
o India       
o Australia       
o New Zealand      
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 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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 alliance

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