Automotive Motor Market 2020 Global Industry Forecast To 2023 Research Report is latest Global Automotive Motor Industry Report published by Market Research Future. According to study Market for Automotive Motor is forecast to grow at exponential 6.5% CAGR during 2020 to 2023. This growth is attributed to factors such as rising High Demand for Safety Features in Cars to Foster Growth of Automotive Motor Market. Compact Motors to be the Norm in Automotive Motor Market from 2020 to 2023.
Automotive Motor Market Information Report 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.
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Automotive Motor Market Overview:
Market Research Future (MRFR) says that the year 2020 looks favorable for the global market for automotive motor, as it is set to achieve a decent growth rate of 6.5% during the forecast period (2017-2023).
Growth Drivers and Main Barriers
Surge in the production of passenger and commercial vehicles across the globe has worked in favor of the automotive motor market in recent years. strict rules and regulations being implemented by the governments of several countries to boost the use of active safety systems like electronic stability control (ESC), antilock braking system (ABS) and lane keep assist in vehicles has led significant market growth. Increasing need for highly fuel-efficient vehicles boosts the demand for automotive motors that are highly efficient and give better performance. This factor is projected to induce the growth of the automotive motor market in the following years.
The automotive sector is under a lot of pressure to embrace technological advancements and also notes frequent changes in end-user preferences. At present, given the continuous developments in technology, a majority of automobile manufacturers are striving to manufacture advanced automotive motors for a variety of systems. Mounting demand for safety features as well as convenience coupled with the rising production volume of vehicles can benefit the global market in the forthcoming years.
Latest advancements in designing high-efficiency as well as compact motors have given birth to a host of opportunities in the automobile industry. Automotive motors also find applications in engine cooling fan, seat cooling fan, power steering, safety fittings, and power window among others. Rising popularity of features like wipers, motorized seats, adjustable mirrors, massage seats and doors, can also boost market demand during the appraisal period.
Market Segmentation
The global market for automotive motor market has been extensively covered in the MRFR report, with regard to application, product and vehicle types.
The application-based market segments studied in the report are performance motors, safety motors and comfort motors.
Product-wise, the global automotive motor market can be considered for brushless DC (BLDC) electric motor, steppers and brushed DC electric motor.
The vehicle types mentioned in the report for the global automotive motor market are commercial vehicle and a passenger vehicle.
Regional Insight
The automotive motor market share is set to grow in the primary regions of North America, Europe, Asia Pacific (APAC), and the rest of the world (RoW) during the review period.
In 2017, the largest automotive motor market share belonged to APAC, with respect to value and volume. Growth-wise, the APAC market can achieve the highest growth rate during the appraisal period. Emerging countries like India and China are believed to be playing a significant role in the said market growth, given the increasing vehicle production. Moreover, rising installation of upgraded technology features like start-stop systems and anti-lock braking system (ABS) is likely to ramp up the demand for automotive motors in the region.
During the given timeframe, North America can attain the second position in the global automotive motor market. The United States of America (USA) stands at the vanguard of the regional market growth, thanks to the fast-paced surge in demand for safety features in vehicles. Canada is touted to be another significant market for automotive motor in North America during the appraisal period, on account of the high concentration of well-established automotive electric motor developers.
MRFR reckons Europe to be another lucrative market for automotive motor, with the leading countries identified as Germany, France, the United Kingdom (UK) and Italy. The carmakers in the region are highly focused on the installation of safety features like airbags and ABS, which have become a standard in most cars that are sold. Soaring demand for advanced infotainment units in automobiles can also serve well for the automotive motor market in the region. Another factor that induces market growth in the region is the mounting demand for electronic movability of car seats.
Top Companies
Top companies in the worldwide market for automotive motor are Denso Corporation (Japan), REIL Electricals India Limited (India), Mahle Group (Germany), Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Johnson Electric Holdings Ltd. (Hong Kong), Valeo S.A. (France), Robert Bosch GmbH (Germany), PMP Auto Components Pvt. Ltd. (India), Mitsuba Corporation (Japan), Magna International (Canada), Borgwarner Inc. (USA), Shanghai Automotive Industry Corporation (SAIC) Motor Corporation Limited (China), Siemens AG (Germany), Nidec Corporation (Japan), to mention a few.
Latest Update
December 2019
eBay Australia is all set to acquire Cox Automotive Media Solutions, which owns Autotrader.com.au as well as CarsGuide.com.au. Both companies will be joining the Gumtree Australia business, which is a part of the eBay Classifieds Group.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Motor Market, By Product
5.1 Introduction
5.2 DC Brushed
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 BLDC Motors
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.4 Stepper
5.4.1 Market Estimates & Forecast, 2017-2023
5.4.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Automotive Motor Market, By Application
6.1 Introduction
6.2 Performance Motors
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 Comfort Motors
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
6.4 Safety Motors
6.4.1 Market Estimates & Forecast, 2017-2023
6.4.2 Market Estimates & Forecast By Region, 2017-2023
7 Global Automotive Motor Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Car
7.2.1 Market Estimates & Forecast, 2017-2023
7.2.2 Market Estimates & Forecast By Region, 2017-2023
7.3 Commercial Vehicle
7.3.1 Market Estimates & Forecast, 2017-2023
7.3.2 Market Estimates & Forecast By Region, 2017-2023
8 Global Automotive Motor Market, By Electric Vehicle Type
8.1 Introduction
8.2 BEV
8.2.1 Market Estimates & Forecast, 2017-2023
8.2.2 Market Estimates & Forecast By Region, 2017-2023
8.3 PHEV
8.3.1 Market Estimates & Forecast, 2017-2023
8.3.2 Market Estimates & Forecast By Region, 2017-2023
8.4 HEV
8.4.1 Market Estimates & Forecast, 2017-2023
8.4.2 Market Estimates & Forecast By Region, 2017-2023
9 Global Automotive Motor Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2019-2023
9.2.2 Market Estimates & Forecast By Product, 2019-2023
9.2.3 Market Estimates & Forecast By Application, 2019-2023
9.2.4 Market Estimates & Forecast By Vehicle Type, 2019-2023
9.2.5 Market Estimates & Forecast By Electric Vehicle Type, 2019-2023
9.2.6 The U.S.
9.2.6.1 Market Estimates & Forecast, 2019-2023
9.2.6.2 Market Estimates & Forecast By Product, 2019-2023
9.2.6.3 Market Estimates & Forecast By Application, 2019-2023
9.2.6.4 Market Estimates & Forecast By Vehicle Type, 2019-2023
9.2.6.5 Market Estimates & Forecast By Electric Vehicle Type, 2019-2023
9.2.7 Canada
9.2.7.1 Market Estimates & Forecast, 2019-2023
9.2.7.2 Market Estimates & Forecast By Product, 2019-2023
9.2.7.3 Market Estimates & Forecast By Application, 2019-2023
9.2.7.4 Market Estimates & Forecast By Vehicle Type, 2019-2023
9.2.7.5 Market Estimates & Forecast By Electric Vehicle Type, 2019-2023
9.3 Europe
9.3.1 Market Estimates & Forecast, 2019-2023
9.3.2 Market Estimates & Forecast By Product, 2019-2023
9.3.3 Market Estimates & Forecast By Application, 2019-2023
9.3.4 Market Estimates & Forecast By Vehicle Type, 2019-2023
9.3.5 Market Estimates & Forecast By Electric Vehicle Type, 2019-2023
9.3.6 U.K.
9.3.6.1 Market Estimates & Forecast, 2019-2023
9.3.6.2 Market Estimates & Forecast By Product, 2019-2023
9.3.6.3 Market Estimates & Forecast By Application, 2019-2023
9.2.6.4 Market Estimates & Forecast By Vehicle Type, 2019-2023
9.2.6.5 Market Estimates & Forecast By Electric Vehicle Type, 2019-2023
9.3.7 Germany
9.3.7.1 Market Estimates & Forecast, 2019-2023
9.3.7.2 Market Estimates & Forecast By Product, 2019-2023
9.3.7.3 Market Estimates & Forecast By Application, 2019-2023
9.3.7.4 Market Estimates & Forecast By Vehicle Type, 2019-2023
9.3.7.5 Market Estimates & Forecast By Electric Vehicle Type, 2019-2023
9.3.8 France
Continued…
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