The Global Automotive Motor Market to grow from USD 20,387.07 Million in 2019 to USD 28,539.35 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 5.76%.
Market Segmentation & Coverage:
The research report categorizes the Automotive Motor Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Product, the Automotive Motor Market studied across DC Brushed Motor, DC Brushless Motor, and Stepper Motor.
Based on Electric Vehicle, the Automotive Motor Market studied across BEV, HEV, and PHEV.
Based on Vehicle, the Automotive Motor Market studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Car.
Based on Application, the Automotive Motor Market studied across Comfort Motor, Performance Motor, and Safety Motor.
Based on Geography, the Automotive Motor Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
The factors attributing to the growth of the market are rising demand of electric vehicles, safety regulations enforcement increasing demand for advanced automation systems, and growing vehicle production with increasing demand for safety and convenience. However, some factors such as weight and replacement cost due to limited working life of motor and fluctuating prices of raw material may hinder the market growth. The Automotive Motor Market expected to showcase the opportunities such as potential associated with electrification of vehicles and autonomous cars, increasing investment on development and production of energy efficient automotive motors, and increasing application areas of electric motor. Soon market may face the possible challenges in the growth due to declining automotive production rate across globe. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Global Automotive Motor Market: Market Dynamics
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Automotive Motor Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Automotive Motor Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Automotive Motor Market, including Borgwarner Inc., Continental AG, Denso Corporation, Johnson Electric Holdings Limited, Magna International, Mahle Group, Mitsuba Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Robert Bosch GmbH, Siemens AG, and Valeo S.A..