Automotive Motors Market, by Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, Stepper Motors), by Application (Performance Motors, Comfort Motors, 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, Battery Electric Vehicle) and Geography - Global Forecast to 2025
- Report code : CMI211093 |
- Industry :
Automotive and Transportation
- Published On : Dec 2017 |
- Pages : 350 Pages |
- Format :
Global 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 windows motors. Growing consumer inclination towards such advanced features in vehicles, in turn creates a conducive environment for growth of the automotive motor market. Moreover, increasing sales volume of vehicles further augments market growth. According to Organisation Internationale des Constructeurs d'Automobiles in 2016, around 69.5 million units of Passenger cars were sold globally, up from 66.3 million in 2015.
DC brushed motors segment held the dominant position in global automotive motors market in 2016
Among product types, DC brushed motors segment held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Adoption of these DC brushed motors is increasing owing to its low cost and advantage of simple drive control model. Systems such as windshield wipers, power windows, washer, and cooling fans are dependent on DC brushed motors.
Passenger cars segment held the dominant position in the global automotive motors market in 2016
Among vehicle types, Passenger cars segment held the dominant position in 2016 and is projected to retain its dominance throughout the forecast period. According to Coherent Market Insights in 2017, the global Passenger car sales volume is estimated to reach 71 million units. Hence, these increasing sales units is expected to lead to growing demand for automotive motors, globally.
Figure. Global Automotive Motor Market, By Product Type (2016-2025)
Source: Coherent Market Insights Analysis
Asia Pacific held a dominant position in the global Automotive Motor market in 2016
According to Coherent Market Insights, Asia Pacific is projected to retain its dominance throughout the forecast period in the global automotive motors market. This is attributed to growth of the Asia Pacific emerging as a major automotive hub, with India, China, and Japan positioned as the growth engines for the automotive sector in the region. According to Organisation Internationale des Constructeurs d'Automobiles in 2016, 39.4 million units of Passenger cars were sold in this region, up from 36.1 million units in 2015. It also stated that in 2016, China held 61.8% share of the total Asia Pacific Passenger cars sales and 35.1% of the global Passenger cars sales. Hence, China was the largest market in the region in 2016. Rising consumer preference for start-stop systems, anti-lock bricking systems (ABS), and other such technologies have also accelerated growth of the automotive motors market in Asia Pacific. The recent past has witnessed various government regulations regarding vehicular safety being implemented across the world. For example:- 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 to install. Such regulatory adherence results in automakers increasing integrating advanced safety systems such as ABS and airbags, in turn fueling market growth.
Key Companies- Global Automotive Motor Market.
Some of the major companies 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.
The 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 of occupants. Rampant growth of the global automotive sector, especially the electric vehicle segment, along with stringent government regulations pertaining to vehicle safety are in turn, augmenting market growth.
Market Dynamics
The recent past has witnessed rising adoption of electric vehicles due to various advantages such as eco-friendly, less noise pollution, cost effective, cheaper to run and maintain. Such vehicles integrate a higher number of automotive motors and thus, growth of this segment fuels growth of the automotive motors market. According to Coherent Market Insights, around 565,668 units of electric vehicles were sold in 2015, globally up from 315,519 in 2014. China, the U.S., and Japan are some of the major countries that account for high market share in electric vehicles sales. In 2015, volume sales of electric vehicles was pegged at 214,283, 115,262 and 46,339 in China, the U.S., and Japan, respectively.
Hybrid electric vehicles segment held the dominant position in 2016 and is projected to retain its dominance throughout the forecast period. High sales of hybrid electric vehicle become one of the major factors for the growth of the market. According to Coherent Market Insights, volume sales of hybrid vehicles was 384,404 units in 2015.
Key features of the study:
- This report provides an in-depth analysis of automotive motors market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 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 approval, regional outlook, and competitive strategy adopted by the 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 the companies to make informed decision regarding their future product launch, 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 2025”.
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, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- DC Brushed Motors
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- DC Brushless Motors
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Automotive Motor Market, By Application, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Performance Motors
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Comfort Motors
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Safety Motors
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Global Automotive Motor Market, By Vehicle type, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Passenger Cars(excluding electric vehicles)
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Two/Three Wheelers(excluding electric vehicles)
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Commercial Vehicles(excluding electric vehicles)
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Sub-Segment
- Light Commercial Vehicles
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Heavy Commercial vehicles
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Automotive Motor Market, By Electric Vehicles Type, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Electric Vehicle
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Sub-Segments
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
- Global Automotive Motor Market, By Regions, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- North America
- Introduction
- Market size and Forecast,2015 - 2025 (USD Million)
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vehicle Type, 2015 - 2025 (USD Million)
- By Country
- U.S.
- Canada
- Europe
- Introduction
- Market size and Forecast,2015 - 2025 (USD Million)
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vehicle Type, 2015 - 2025 (USD Million)
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market size and Forecast,2015 - 2025 (USD Million)
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vehicle Type, 2015 - 2025 (USD Million)
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- Latin America
- Introduction
- Market size and Forecast,2015 - 2025 (USD Million)
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vehicle Type, 2015 - 2025 (USD Million)
- By Country
- Brazil
- Mexico
- Rest Of Asia Pacific
- Africa
- Introduction
- Market size and Forecast,2015 - 2025 (USD Million)
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vehicle Type, 2015 - 2025 (USD Million)
- By Country
- South Africa
- Central Africa
- North Africa
- Middle East
- Introduction
- Market size and Forecast,2015 - 2025 (USD Million)
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vehicle Type, 2015 - 2025 (USD 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 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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