Automotive Motor Market Analysis From 2019 To 2023 is latest report on Global Automotive Motor Market Share, Size, Trends, And Growth, And Regional Outlook to 2023. Automotive Motor Market to grow at striking CAGR during the Forecast Period 2019 to 2023.
— Automotive Motor Industry Segmented by Product (DC Brushed, BLDC Motors, Stepper), Application (Performance Motors, Comfort Motors, Safety Motors), Vehicle Type (Passenger Car and Commercial Vehicle), Electric Vehicle Type (BEV, PHEV, HEV), and region.
Key players leading the global automotive motor market include Johnson Electric Holdings Ltd. (Hong Kong), Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Nidec Corporation (Japan), Mitsubishi Electric Corporation (Japan), Magna International (Canada), Siemens AG (Germany), Valeo S.A. (France), Mitsuba Corporation (Japan), Borgwarner Inc. (U.S.), Mahle Group (Germany), SAIC Motor Corporation Limited (China), PMP Auto Components Pvt. Ltd. (India), and REIL Electricals India Limited (India) among others.
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Global Automotive Motor Market Highlights:
The automotive motor market is rapidly accelerating to witness its heydays. Factors such as the wide applications including performance motors, comfort motors, and safety motors predominantly drive the growth of the market.
Moreover, the efficacy of these motors of improving the overall efficiency of the vehicles with the increased riding capability, escalates the market growth on the global platform, increasing the demand for the automotive.
Considering the exponential growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global automotive motor market will demonstrate a spectacular growth by 2023, registering a striking CAGR throughout the projected period (2017 -2023).
Technological innovations in these motors have positively impacted the market growth. The increasing production of automobiles led by the rise in unit sales of new vehicles boosts the market growth, generating a huge demand, globally.
Furthermore, various government initiatives and energy efficient evaluation programs are fostering the growth of the automotive motors. Other factors substantiating the market growth include substantial investments made in the research and development activities and the burgeoning automotive industry that is witnessing increasing sales.
Conversely, technical challenges are expected to restrain market growth during the projected period. Nevertheless, factors such as the increase in the demand from the electric vehicle manufacturers are expected to support market growth, resulting in the growth of the overall automotive market.
Market Segments Analysis:
The MRFR analysis is segmented into five key dynamics for the convenience of understanding;
By Product: DC Brushed, BLDC Motors, and Stepper among others.
By Application: Performance Motors, Comfort Motors, and Safety Motors among others.
By Vehicle Type: Commercial Vehicle and Passenger Car.
By Electric Vehicle Type: BEV, PHEV, and HEV.
By Regions: Asia Pacific, North America, Europe, and Rest-of-the-World.
Regional Market Analysis:
The Asia Pacific region is estimated to retain its dominance over the global automotive motor market throughout the forecast period. Factors fostering the market growth include such as the presence of long-established original equipment manufacturers (OEM), the growing production of passenger & commercial vehicles, increased production contribution by the OEM’s in countries such as Japan, China, and India.
Favorable government regulations that have mandated safety feature components in vehicles such as airbags, ABS, and others are positively impacting the market growth. OEMs in the APAC region have been focusing on developing technologically advanced and powerful motors that can give high performance influenced by the rapidly proliferating automotive sector in countries such as China, India, and Japan
The automakers based in the APAC region are moving towards new product development and hence are investing considerably in the R&D activities. Consequently, the increase in new product development is estimated to drive market growth in this region. The North American region backed by the flourishing automotive industry accounts for the second-largest market for automotive motors.
The presence of major automakers in the region is a key driving force pushing up the market. The high per capita income in the region is undoubtedly acting as a major tailwind, increasing consumers’ purchasing power. Simultaneously, the leading automotive technology providers in this region drive the market growth to an extent.
Automotive Motor Market Competitive Analysis
The fiercely competitive, automotive motor market appears to be fragmented characterized by the well-established players alongside the small-scale players and new entrants forming a competitive landscape. These players strive to develop cost-effective product portfolio, increasingly investing in research and development. Matured players incorporate strategic initiatives such the acquisition, partnership, collaboration, expansion, and product & technology launch to gain a competitive edge and thus to maintain their positions in the market.
Manufacturers operating in the market have a customer-centric approach towards the enhanced life of these motors. They strive to offer their customers with a global servicing network, enhanced technical support, and flexible, tailored programs & service offerings along with the web-based customer tools for transactional ease.
TABLE OF CONTENTS:
1.2 SCOPE OF STUDY
1.3 RESEARCH OBJECTIVE
1.4 ASSUMPTIONS & LIMITATIONS
1.5 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCES
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.5 MACROECONOMIC INDICATORS
LIST OF TABLES:
TABLE 1 EUROPE AUTOMOTIVE MOTOR, BY REGION 2011-2027, ($ MILLION)
TABLE 2 EUROPE AUTOMOTIVE MOTOR FOR MINING, BY REGION 2011-2027, (MILLION)
TABLE 3 EUROPE AUTOMOTIVE MOTOR FOR MARINE, BY REGION 2011-2027, (MILLION)
TABLE 4 EUROPE AUTOMOTIVE MOTOR FOR WATERTREATMENT, BY REGION 2011-2027, (MILLION)
LIST OF FIGURES
FIGURE 1 SUPPLY CHAIN: AODD PUMPS
FIGURE 2 PORTERS FIVE FORCES
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