{"id":529941,"date":"2021-02-11T22:02:01","date_gmt":"2021-02-11T22:02:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=529941"},"modified":"2021-02-11T22:02:01","modified_gmt":"2021-02-11T22:02:01","slug":"automotive-motor-market-worth-4907-billion-by-2025-rising-need-for-fuelefficient-vehicles-is-fueling-the-need-for-automotive-motors-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/automotive-motor-market-worth-4907-billion-by-2025-rising-need-for-fuelefficient-vehicles-is-fueling-the-need-for-automotive-motors-grand-view-research-inc_529941.html","title":{"rendered":"Automotive Motor Market Worth $49.07 Billion By 2025 – Rising Need For Fuel-Efficient Vehicles Is Fueling The Need For Automotive Motors| Grand View Research Inc."},"content":{"rendered":"
\"Automotive<\/a><\/p>\n
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“Grand View Research, Inc. \u2013 Market Research And Consulting.”<\/div>\n<\/div>\n<\/div>\n
According to the report published by Grand View Research, Inc., rising demand for optimization of manufacturing processes and product design to increase the product efficiency and growing number of applications in industry verticals along with rising adoption of electric vehicles are some of the factors which are expected to drive the demand in automotive motor market for the forecast period. <\/div>\n

According to a report, “Automotive Motor Market<\/a><\/strong> Size, Share & Trends Analysis Report By Motor Type (Brushed DC, Traction), By Application, By Sales Channel (OEM, Aftermarket), By Vehicle Type, By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global automotive motor market size is expected to reach USD 49.07 billion by 2025, registering a CAGR of 6.7% over the forecast period, according to a new report published by Grand View Research, Inc. Automotive industry is currently going through technological advancements to cater to the changing consumer preferences. Automotive manufacturers emphasize on producing efficient motors. Furthermore, rising need for fuel-efficient vehicles is fueling the need for automotive motors with better performance and higher efficiency. Rising demand for fuel efficient vehicles along with stringent environmental norms is also resulting in development of lightweight raw materials without having to compromise the structural strength of the components.<\/p>\n

Electric vehicles have taken the market by storm and demands for these vehicles are observed to rise with every passing year. Growing adoption of electric vehicles coupled with the increasing automobile production is anticipated to drive the automotive motors market in the forthcoming years. Automotive motors are widely used in car chassis, powertrain systems, internal\/external comfort control systems, and safety systems. Currently, these motors are also being implemented in automated doors, wipers, sunroof systems, massage seats, and adjustable mirrors of vehicles. Also, multiple problems associated with the automotive industry such as oil dependency, global warming, and environmental pollution are going to be solved with e-vehicles and this will significantly boost the demand for automotive motors. <\/span><\/p>\n

Multiple advancements in products to facilitate usage in e-vehicles and ICE vehicles under the scope of regulations by major key players are set to fuel the market growth rate for the coming years. Some of the key players include Mitsubishi Electric Corporation, Nidec Corporation, Johnson Electric Holdings Ltd., Robert Bosch GmbH, and Denso Corporation.<\/span><\/p>\n

\"Asia<\/span><\/p>\n

Automotive Motor Market Report Highlights<\/strong><\/p>\n