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Automotive Motors Market

Automotive Motors Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

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.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • 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.

RESTRAINTS: 

  • 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.

OPPORTUNITIES: 

  • 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.

CHALLENGES: 

  • 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.

MARKET SEGMENTATION:

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:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

      Automotive Motors Market Report Scope:
Report Attributes Details
 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
 Base Year  2021
 Forecast Period  2022-2028
 Historical Data  2017-2020
 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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

9.1 Two-wheelers

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

10.1 Performance

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)

11.3 Others

 

12. Global Automotive Motors Market Segmentation, by Application

12.1 Alternator

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)

12.10 Others

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2  Canada

13.2.3  Mexico

13.3 Europe

13.3.1  Germany

13.3.2  UK

13.3.3  France

13.3.4  Italy

13.3.5  Spain

13.3.6  The Netherlands

13.3.7  Rest of Europe

13.4 Asia-Pacific

13.4.1  Japan

13.4.2  South Korea

13.4.3  China

13.4.4  India

13.4.5  Australia

13.4.6  Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1  Israel

13.5.2  UAE

13.5.3  South Africa

13.5.4  Rest

13.6 Latin America

13.6.1  Brazil

13.6.2  Argentina

13.6.3  Rest of Latin America

 

14. Company Profiles

14.1 Robert Bosch GmbH

14.1.1 Financial

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

14.5 Ricardo

14.6 Brose

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

 

16. Conclusion

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