Report Id: SNS/AUTO/1020 | May 2022 | Region: Global | 120 Pages
Automotive Motors Market Overview:
Automotive Motors Market Size is USD 12.5 billion in 2021 & expected to reach USD 29.48 billion by 2028 with a healthy CAGR of 5.33% over the forecast period 2022-28. The ever-increasing demand for automobile motors can be related to the rising need for safety features and convenience.
Motors are an essential component of any vehicle that allows it to run properly. Any vehicle action that requires continuous circular motion contains it. Power steering motors, seat cooling fans, battery cooling fans, power window motors, engine cooling fans, wiper systems, and other uses of motors are used in vehicles where comfort is as vital as driving efficiency.
An automotive motor is a device that transfers electrical energy from the battery or engine into mechanical energy. Generators perform the reverse function of mechanical energy conversion into electrical energy.
Furthermore, in automobiles, traction motors are employed in reverse operation to convert mechanical energy into electric energy, which is stored in the battery system and can be used as needed.
Automotive safety requirements are mandating the safety equipment installation. This increases the demand for electric motors.
To improve driver control, advanced compact pedal adjuster motors are intended to give the best consistency.
The power & strength of the motors that drive the motors market can be improved by installing powerful batteries.
Increased use of electrification across multiple components, as well as increased manufacturing & advancements.
The automotive motors market is expected to be driven by increased advancements & integration of safety systems.
All of these characteristics improve a vehicle's comfort & performance, resulting in increased demand for automotive motors.
Motor makers, however, are unable to pass on the gain to their customers due to fierce pricing competition.
One of the major barriers in the automotive motors market is their wide market commercialization.
The automotive motors market is being held back by high technology costs and unpredictable prices.
Government-enforced rules to build efficient automobiles, resulting in an increase in demand in the automotive market.
The increased demand for V8 engines, will allow the automotive motors market to appreciate in value.
With a lot of horsepower, you can increase the engine's efficiency.
Automotive motor market's opportunities is improving the automobiles performance with hybrid engines.
Raw material price fluctuations are limiting the expansion of the global automotive motors market.
If the price of the commodity falls, the manufacturers lose their cost advantage & no longer have a competitive advantage.
The difficulty is that vehicles' motors must be replaced at regular intervals due to their continuous use.
Electric vehicles require a motor for vehicle performance, which will not be hampered, but the no. of operations assigned is low.
IMPACT OF COVID-19:
Due to decreasing demand, supply chain bottlenecks, and to protect their employees in France, Germany, Italy, and Spain during COVID-19, major automobile motor manufacturers such as Bosch and Continental have declared the suspension of production.
As a result, in 1212, demand for these components is predicted to fall. Manufacturers are likely to adapt production to avoid bottlenecks and plan production in response to OEM and Tier I demand. In the first quarter of 1212, major automobile manufacturers lost money.
KEY MARKET PLAYERS:
Major manufacturers such as Robert Bosch GmbH, Denso Corporation, Johnson Electric Holdings Limited, Nidec Corporation, Ricardo, Brose, Siemens Ag, Buhler Motor, Calsonic Kansei Corporation, Valeo Sa, Magna International, Mahle GmbH, Borgwarner Inc., Continental AG, Mitsuba Corporation, IFB Automotive, Mabuchi Motors Co. Ltd, Mitsubishi Electric Corporation. These businesses provide a wide range of automobile motors that can handle all of a vehicle's key duties. New product creation, acquisitions, and alliances and expansions are the main strategies used by these corporations to maintain their market position.
DC Brushed Motors
Brushless DC Motors
By Vehicle type:
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Battery electric vehicle (BEV)
Plug-in hybrid electric vehicle (PHEV)
Hybrid electric vehicle (HEV)
Safety & Security
Comfort & Convenience
Direct Torque Control (DTL)
Pulse-width Modulation (PWM)
Sun Roof Motor
Heating, ventilation, and air conditioning (HVAC)
Variable valve timing (VVT)
Exhaust gas recirculation (EGR)
Anti-lock Brake System
Electric power steering (EPS)
Power liftgate (PLG)
The automotive motors industry is expected to be dominated by Asia-Pacific. Developing countries such as India and China are major actors in driving up demand for autos, which is boosting the market for automobile motors.
Furthermore, automation and technological advancements are driving demand for worldwide automobile motors. Europe, North America, the Middle East, and Africa are all experiencing rapid infrastructure development, which is driving up demand for autos. As a result, the automotive motors market in the cited region is expected to increase in the near future.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 12.5 Bn|
|Market Size by 2028||US$ 29.48 Bn|
|CAGR||CAGR of 5.33% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (DC Brushed Motors, Brushless DC Motors, Stepper Motors, Traction Motors)
• By Vehicle type (Two-wheelers, Electric Two-wheelers, Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Battery electric vehicle (BEV), Plug-in hybrid electric vehicle (PHEV), Hybrid electric vehicle (HEV))
• By Function (Performance, Safety & Security, Comfort & Convenience)
• By Technology (Direct Torque Control (DTL), Pulse-width Modulation (PWM), Others)
• By Application (Alternator, Sun Roof Motor, Wiper Motor, Heating, ventilation, and air conditioning (HVAC), Variable valve timing (VVT), Exhaust gas recirculation (EGR), Starter Motor, Anti-lock Brake System, Electric power steering (EPS), Power liftgate (PLG), Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Robert Bosch GmbH, Denso Corporation, Johnson Electric Holdings Limited, Nidec Corporation, Ricardo, Brose, Siemens Ag, Buhler Motor, Calsonic Kansei Corporation, Valeo Sa, Magna International, Mahle GmbH, Borgwarner Inc., Continental AG, Mitsuba Corporation, IFB Automotive, Mabuchi Motors Co. Ltd, Mitsubishi Electric Corporation|
|Key Drivers||• Increased use of electrification across multiple components, as well as increased manufacturing & advancements.
• The automotive motors market is expected to be driven by increased advancements & integration of safety systems.
|Opportunities||• The increased demand for V8 engines, will allow the automotive motors market to appreciate in value.
• With a lot of horsepowers, you can increase the engine's efficiency.
Frequently Asked Questions (FAQ) :
Ans:- The market size is expected to reach USD 29.48 billion by 2028.
Ans:- An automotive motor is a device that transfers electrical energy from the battery or engine into mechanical energy.
Ans:- By propulsion type, the BEV segment is expected to have the most money in the market. In terms of length, the 9–14-meter segment led the world market for automotive motors.
Ans:- Asia pacific region is anticipated to be the primary driver of the market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Motors Market Segmentation, by Type
8.1 DC Brushed Motors
8.2 Brushless DC Motors
8.3 Stepper Motors
8.4 Traction Motors
9. Global Automotive Motors Market Segmentation, by Vehicle type
9.2 Electric Two-wheelers
9.3 Passenger Cars
9.4 Light Commercial Vehicles (LCVs)
9.5 Heavy Commercial Vehicles (HCVs)
9.6 Battery electric vehicle (BEV)
9.7 Plug-in hybrid electric vehicle (PHEV)
9.8 Hybrid electric vehicle (HEV)
10. Global Automotive Motors Market Segmentation, by function
10.2 Safety & Security
10.3 Comfort & Convenience
11. Global Automotive Motors Market Segmentation, by Technology
11.1 Direct Torque Control (DTL)
11.2 Pulse-width Modulation (PWM)
12. Global Automotive Motors Market Segmentation, by Application
12.2 Sun Roof Motor
12.3 Wiper Motor
12.4 Heating, ventilation, and air conditioning (HVAC)
12.4 Variable valve timing (VVT)
12.5 Exhaust gas recirculation (EGR)
12.6 Starter Motor
12.7 Anti-lock Brake System
12.8 Electric power steering (EPS)
12.9 Power liftgate (PLG)
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Robert Bosch GmbH
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Denso Corporation
14.3 Johnson Electric Holdings Limited
14.4 Nidec Corporation
14.7 Siemens Ag
14.8 Buhler Motor
14.8 Calsonic Kansei Corporation
14.9 Valeo Sa
14.10 Magna International
14.12 Borgwarner Inc
14.12 Continental AG
14.12 Mitsuba Corporation
14.12 IFB Automotive
14.12 Mabuchi Motors Co. Ltd
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
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