Automotive Motor Market 2018 Global Industry Analysis by Size, Share, Trends, Growth, And Regional Forecast To 2023. Global Automotive Motor Market is segmented into by Product (DC Brushed, BLDC Motors, Stepper), Application (Performance Motors, Comfort Motors, Safety Motors), Vehicle Type (Passenger Car and Commercial Vehicle), And Electric Vehicle Type (BEV, PHEV, HEV). Automotive Motor Global Market is to grow at 6.5% compound annual growth rate during forecast period. This growth is attributed to factors such as, energy efficiency evaluation program, increased demand from the automotive industry especially electric vehicle manufacturers, an increased government initiative, and others. Governments of various countries have also taken various initiatives to improve the efficiency of the motor.
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Key Companies Analyzed In Report:
Robert Bosch GmbH (Germany), Johnson Electric Holdings Ltd. (Hong Kong), Continental AG (Germany), Nidec Corporation (Japan), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan). Siemens AG (Germany), Magna International (Canada), Valeo S.A. (France), Borgwarner Inc. (U.S.), Mitsuba Corporation (Japan), Mahle Group (Germany), PMP Auto Components Pvt. Ltd. (India), SAIC Motor Corporation Limited (China), REIL Electricals India Limited (India) are among others.
Global Automotive Motor Industry Highlights:
The global automotive motor market has been segmented on the basis of application, product, vehicle types, and lastly region. The application-based segmentation segments this market into comfort motors, performance motors, and safety motors. Based on product, the market has been segmented into brushed DC electric motor, brushless DC (BLDC) electric motor, and steppers. A brushed DC motor is described as an internally commutated electric motor that has been constructed in such a way, that it would run from a direct current power source. BLDC motors are electronically commutated motors (ECM, EC motors). They are also known as synchronous DC motors, as they are powered by DC electricity via an inverter or switching power supply. Such inverter or power supply produces an AC electric current that drives each phase of the motor via a closed loop controller. By vehicle types, the global automotive motor market has been segmented into the commercial vehicle and a passenger vehicle.
By region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period due to the growing production of passenger and commercial vehicle in emerging economies. The attribution of the growth is majorly due to countries such as India, China, and Japan where there is increased production contribution by the OEM’s. There are various government regulation, which have mandated safety features in vehicle such as airbags, ABS, and others. The increased safety feature components require installation of motor which will increase the demand for the market in future. North America is expected to be the second largest market in automotive motor. In North America, U.S. is expected to dominate the market due to growing demand for safety features to be installed in the vehicles
The report for Global Automotive Motor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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