Automotive Motors Market By Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, and Stepper Motors), by Application (Performance Motors, Comfort Motors, and Safety Motors), by Vehicle Type (Passenger Cars, Two/Three Wheelers, and Commercial Vehicles), by Commercial Vehicles (Light Commercial Vehicles and Heavy Commercial vehicles), by Electric Vehicle Type ( Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle, and Battery Electric Vehicle) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis 2019 – 2027
- Report code : CMI211093 |
- Industry :
Automotive and Transportation
- Published On : Sep 2019 |
- Pages : 160 Pages |
- Format :
Automotive Motor Market- Insights
Motors are an integral part of vehicle components such as seat cooling fans, engine cooling fans, power steering motors, battery cooling fans, and power window motors. Growing consumer inclination towards such advanced features in vehicles, is creating a conducive environment for growth of the automotive motor market. Moreover, increasing sales volume of vehicles is expected to augment the market growth. According to Organisation Internationale des Constructeurs d'Automobiles, in 2018, the production of passenger cars was around 75 % of the total vehicle production worldwide.
Furthermore, growing adoption of electric vehicles is expected to drive growth of the automotive motor market. In emerging economics such as India and China, electric vehicles are steadily becoming popular as an alternative to conventional gasoline-powered vehicles, owing to the former’s fuel-efficient and low- carbon emission properties. The performance of an electric car depends majorly on its motors and battery. Presently, brushed DC motor, brushless DC motor, AC induction motor, permanent magnet synchronous motor (PMSM), and switched reluctance motor (SRM) are the types of motors used for electric vehicles. These motors convert electric energy into mechanical energy (or vice versa) for propulsion of the vehicle, to enable regenerative braking or for charging batteries. Furthermore, increasing demand for electric vehicles globally is expected to positively affect the automotive motor market growth over the forecast period. For instance, in 2013, the government of India launched National Electric Mobility Mission Plan 2020 through which, the government plans to introduce 5-6 million electric and hybrid electric vehicles in the country by 2020.
DC brushed motors segment held the dominant position in the global automotive motors market in 2016
A DC brushed motor is an internally commutated electric motor, which provides a link between external supply circuit and armature of the motor. It is designed to run from a direct current power source. The brushes of these motors are made of materials such as carbon, copper, carbon graphite, and metal graphite. Furthermore, the DC brushed motor is expected to hold dominant position in the global automotive motor market, as DC brushed motors have the ability to achieve high torque at low speed, which makes these motors suitable for various applications in vehicles. Systems such as windshield wipers, power windows, washers, and cooling fans depend on DC brushed motors.
Passenger cars segment held the dominant position in the global automotive motors market in 2018
Among vehicle types, passenger cars segment held the dominant position in 2018, and is projected to retain its dominance throughout the forecast period. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2018 the production of passenger cars in India increased from 3,229,109 in 2017 to 3,394,756 Hence, increasing sales units are expected to result in growing demand for automotive motors, globally.
Figure 1. Global Automotive Motor Market Share (%), by Product Type (2027)
Source: Coherent Market Insights Analysis
Asia Pacific held a dominant position in the Global Automotive Motor market in 2018, owing to increasing demand of vehicles in the emerging economies such as India and China.
According to Coherent Market Insights, Asia Pacific is projected to retain its dominance throughout the forecast period. This is attributed to Asia Pacific emerging as a major automotive hub, owing to presence of growth engines such as India, China, and Japan in the region. For instance, according to the Organization Internationale des Constructeurs d'Automobiles (OICA), in 2018, Asia Pacific held around 54% share of the total number of vehicles produced globally. It also stated that in 2018, China held around 60% share of the total Asia Pacific Passenger cars sales, and 29.5% of the global automotive sales. Hence, China was the largest market in the region in 2018. Rising consumer preference for start-stop systems, anti-lock braking systems (ABS), and other such technologies has accelerated growth of the automotive motors market in Asia Pacific.
Figure 2. Global Automotive Motor Market Share (%), by Region (2017 & 2027)
Moreover, various government regulations regarding vehicular safety have been implemented across the world. According to Bharat New Vehicle Safety Assessment Program (India) 2017, critical safety features such as airbags, ABS, and seat belt reminders are mandatory for OEMs. Such regulatory guidelines are aimed at integrating advanced safety systems such as ABS and airbags in automobiles, which, in turn, is fueling the market growth.
Major players operating in the global automotive motor market are Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.
Automotive motors are electric systems integrated in various automotive components such as airbags, ABS, and power windows, which help enhance vehicle performance, improve safety and increase comfort. Rampant growth of the global automotive sector, especially the electric vehicle segment, along with stringent government regulations pertaining to vehicle safety are augmenting the market growth. Majorly three types of motors are used in automotive which are direct current brushed motors, direct current brushless motors, and stepper motors.
Market Dynamics
The recent past has witnessed rising adoption of electric vehicles as they are an eco-friendly option, are cost effective. Such vehicles integrate a higher number of automotive motors and thus, growing demand for such motors is expected to fuel growth of the automotive motors market. According to the International Energy Agency (IEA) report In the Paris Agreement, it was stated that 600 million electric vehicles will be on roads by 2040, which will in aid in bringing global warming to below 2°C”. Furthermore, in 2018, the global electric vehicles sales exceeded 5.1 million, which was an increase of 2 million from 2017, and double the number of new electric car sales compared to 2017.
In 2018, the hybrid electric vehicles segment held the dominant position in the market, and is projected to retain its dominance throughout the forecast period. High sales of hybrid electric vehicle are one of the major factors driving growth of the market. According to Coherent Market Insights, in 2018, global sales of plug-in vehicle reached 2.1 million units, which is around 64% higher than the sales in 2017. These include all battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) passenger cars sales, light trucks in U.S. and Canada, and light commercial vehicles in Europe and China.
Key features of the study:
- This report provides an in-depth analysis of the global automotive motors market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global automotive motors market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global automotive motors market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the automotive motors market.
Detail Automotive Motors Market Segmentation:
- Global Automotive Motors Market, By Product Type:
- DC Brushed Motors
- DC Brushless Motors
- Global Automotive Motors Market, By Application:
- Performance Motors
- Comfort Motors
- Global Automotive Motors Market, By Vehicle Segment:
- Passenger Cars (excluding electric vehicles)
- Two/Three Wheelers(excluding electric vehicles)
- Commercial Vehicles(excluding electric vehicles)
- Sub-Segment
- Light Commercial Vehicles
- Heavy Commercial vehicles
- Global Automotive Motors Market, By Electric Vehicle:
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
- Global Automotive Motors Market, By Region:
- North America
- By Product Type
- DC Brushed Motors
- DC Brushless Motors
- By Application
- Performance Motors
- Comfort Motors
- By Vehicle Segment
- Passenger Cars
- Two/Three Wheelers
- Commercial Vehicles
- Sub-Segment
- Light Commercial Vehicles
- Heavy Commercial vehicles
- By Country
- U.S.
- Canada
- Europe
- By Product Type
- DC Brushed Motors
- DC Brushless Motors
- By Application
- Performance Motors
- Comfort Motors
- Safety Motors
- By Vehicle Segment
- Passenger Cars
- Two/Three Wheelers
- Commercial Vehicles
- Sub-Segment
- Light Commercial Vehicles
- Heavy Commercial vehicles
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type
- DC Brushed Motors
- DC Brushless Motors
- By Application
- Performance Motors
- Comfort Motors
- Safety Motors
- By Vehicle Segment
- Passenger Cars
- Two/Three Wheelers
- Commercial Vehicles
- Sub-Segment
- Light Commercial Vehicles
- Heavy Commercial vehicles
- By Region
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Product Type
- DC Brushed Motors
- DC Brushless Motors
- By Application
- Performance Motors
- Comfort Motors
- Safety Motors
- By Vehicle Segment
- Passenger Cars
- Two/Three Wheelers
- Commercial Vehicles
- Sub-Segment
- Light Commercial Vehicles
- Heavy Commercial vehicles
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Africa
- By Product Type
- DC Brushed Motors
- DC Brushless Motors
- By Application
- Performance Motors
- Comfort Motors
- Safety Motors
- By Vehicle Segment
- Passenger Cars
- Two/Three Wheelers
- Commercial Vehicles
- Sub-Segment
- Light Commercial Vehicles
- Heavy Commercial vehicles
- By Country
- North Africa
- Central Africa
- South Africa
- Middle East
- By Product Type
- DC Brushed Motors
- DC Brushless Motors
- By Application
- Performance Motors
- Comfort Motors
- Safety Motors
- By Vehicle Segment
- Passenger Cars
- Two/Three Wheelers
- Commercial Vehicles
- Sub-Segment
- Light Commercial Vehicles
- Heavy Commercial vehicles
- By Country
- GCC
- Israel
- Rest of Middle East
- Company Profiles
- Siemens AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Robert Bosch GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Continental AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Denso Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Magna International
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Mitsubishi Electric Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Valeo S.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Mahle Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Nidec Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Borgwarner Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse all the market data tables and figures on "Global Automotive Motors Market - Global forecast to 2027”
Table of Content
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Product Type
- Market Snippet By Application
- Market Snippet By Vehicle Type
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Global Automotive Motor Market, By Product Type, 2017 - 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- DC Brushed Motors
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- DC Brushless Motors
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Global Automotive Motor Market, By Application, 2017 - 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- Performance Motors
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Comfort Motors
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Safety Motors
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Global Automotive Motor Market, By Vehicle type, 2017 - 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- Passenger Cars(excluding electric vehicles)
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Two/Three Wheelers(excluding electric vehicles)
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Commercial Vehicles(excluding electric vehicles)
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Sub-Segment
- Light Commercial Vehicles
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Heavy Commercial vehicles
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Global Automotive Motor Market, By Electric Vehicles Type, 2017 - 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- Electric Vehicle
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Million)
- Sub-Segments
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
- Global Automotive Motor Market, By Regions, 2017 - 2027 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2027 (%)
- North America
- Introduction
- Market size and Forecast,2019 - 2027 (US$ Million)
- By Segment
- Market Size and Forecast, By Product Type, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Vehicle Type, 2019 - 2027 (US$ Million)
- By Country
- U.S.
- Canada
- Europe
- Introduction
- Market size and Forecast,2019 - 2027 (US$ Million)
- By Segment
- Market Size and Forecast, By Product Type, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Vehicle Type, 2019 - 2027 (US$ Million)
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market size and Forecast,2019 - 2027 (US$ Million)
- By Segment
- Market Size and Forecast, By Product Type, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Vehicle Type, 2019 - 2027 (US$ Million)
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- Latin America
- Introduction
- Market size and Forecast,2019 - 2027 (US$ Million)
- By Segment
- Market Size and Forecast, By Product Type, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Vehicle Type, 2019 - 2027 (US$ Million)
- By Country
- Brazil
- Mexico
- Rest Of Asia Pacific
- Africa
- Introduction
- Market size and Forecast,2019 - 2027 (US$ Million)
- By Segment
- Market Size and Forecast, By Product Type, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Vehicle Type, 2019 - 2027 (US$ Million)
- By Country
- South Africa
- Central Africa
- North Africa
- Middle East
- Introduction
- Market size and Forecast,2019 - 2027 (US$ Million)
- By Segment
- Market Size and Forecast, By Product Type, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
- Market Size and Forecast, By Vehicle Type, 2019 - 2027 (US$ Million)
- By Country
- GCC
- Israel
- Rest Of Middle East
- Competitive Landscape
- Company Profiles
- Siemens AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Robert Bosch GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Continental AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Denso Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Magna International
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Mitsubishi Electric Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Valeo S.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Mahle Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Nidec Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Borgwarner Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse all the market data tables and figures on "Automotive Motor Market - Global forecast to 2027”.
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