Global Automotive Motor Market Highlights:
Automotive Motor Market is growing at growth rate of 6.55% by 2023. This growth is boosted by factors such as increased government initiative, energy efficient evaluation program, increased demand from automotive industry, and others. Government have taken various initiatives to improve the efficiency of the motor. The increased demand from automotive industry is majorly due to growing demand for electric vehicles. The most popular electric vehicle manufacturer Tesla is equipped with high-speed motor with a 3-phase electric induction motor. The increase in demand from the electric vehicle manufacturers will result in the growth of the automotive market.
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Automotive Motor Market Companies Analyzed in report are:
Robert Bosch GmbH (Germany), Johnson Electric Holdings Ltd. (Hong Kong), Continental AG (Germany), Nidec Corporation (Japan), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan). Siemens AG (Germany), Magna International (Canada), Valeo S.A. (France), Borgwarner Inc. (U.S.), Mitsuba Corporation (Japan), Mahle Group (Germany), PMP Auto Components Pvt. Ltd. (India), SAIC Motor Corporation Limited (China), REIL Electricals India Limited (India).
The automotive motors have many applications, which include performance motors, comfort motors, and safety motors. The motors are installed depending on the type of application. There are various types of motor used in vehicles such as DC brushed, BLDC motors, and stepper. DC brushed is most widely used because they are cost-effective and easy to install. BLDC motors are also known as electronically commutated motors are powered by DC. The construction of BLDC motor is similar to that of permanent magnet synchronous motor (PMSM). They provide high power to the system to make it efficient.
By region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific region is anticipated to witness the highest and the fastest growth over the forecast period, owing to the expanding production and sales of electric vehicles. The growing demand for passenger car and commercial vehicle, will result in increased sales of motors. Government in emerging economies have taken various initiatives to increase the production of vehicle. There has been increased investment in the automotive industry by the OEM to develop cost-effective products to compete in the market. According to OICA, the new vehicles sales have been increased from 2013 to 2016. It has been noted that in 2013, the vehicle sold were 85.6 million while in 2016 it reached to 93.8 million. This growth in the automotive industry will boost the motor industry. North America is expected to be the second largest market because of growing demand for electric vehicles. There has been increasing demand for electric vehicles and the high-end car in countries such as U.S. and Canada. The increased demand will result in more installation of motors in the vehicles. Europe is expected to be the third largest market due to increase in the registration of passenger cars. Cutthroat competition in the automotive industry in Europe has resulted in manufacturers prioritizing quality within automobiles. The improve quality products in the vehicle will result in increased installation of motors. In Europe, Germany is expected to be the largest country to grow at highest CAGR during the forecast period.
The Automotive Motor market is segmented based on product, application, vehicle type, and electric vehicle type. By product, the market is segmented based on DC brushed, BLDC motors, and stepper. DC brushed segment is expected to dominate the market in future because they are easy to install and available at low cost as compared to other types. The DC brushed motor works through direct current power source. The brushed motor is generally used for providing high speed and power to the vehicle. This will led to growing demand for brushed motor. By application, the market is segmented based on performance motors, comfort motors, and safety motors.
Performance segment is expected to dominate the market because major automotive manufacturers focus on increasing the overall performance of the vehicle. The increased performance of the vehicle with the use of electric motor will result in increased fuel efficiency and will led to the demand for vehicles in future. By vehicle type, the market is segmented based on passenger car and commercial vehicles. The passenger car segment is expected to dominate the market in future due to increase in production of passenger cars in emerging economies. The increased production will require higher installation of motor in the vehicles.
Target Audience of Report:
This report mainly focuses on Automotive Motor manufacturers, Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Motor market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Motor market are studied in this report.
Global Automotive Motor market Research Insights:
This study provides an overview of the global automotive motor market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Motors market by its product, application, vehicle type, and electric vehicle type, and region
The report for Global Automotive Motor Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Major Table of Content:
1.2 SCOPE OF STUDY
1.3 RESEARCH OBJECTIVE
1.4 ASSUMPTIONS & LIMITATIONS
1.5 MARKET STRUCTURE:
2 RESEARCH VEHICLE TYPEOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.5 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTER’S FIVE FORCES MODEL
4.1.1 BARGAINING POWER OF SUPPLIERS
4.1.2 BARGAINING POWER OF CUSTOMER
4.1.3 INTENSITY OF COMPETITOR’S
4.1.4 THREAT OF NEW ENTRANTS
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