Automotive Motors Market

Introduction of the Automotive Motors Market Report

An automotive motor is a machine that is used to transform electrical energy into mechanical energy. In the case of an ICE (Internal Combustion Engine), the fuel is burnt by the process of combustion to generate the heat, which is then converted into mechanical energy by the motor. Whereas, in the case of electric vehicles, the electric motors convert electrical energy into mechanical energy.

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Market Dynamic

Key Drivers and Emerging Trends

The major factors propelling the growth of the automotive motors market are the rising sales of automobiles and the increasing government initiatives to improve the efficiency of automotive motors. The department of energy has taken several projects, thus enabling the manufacturers to get fund opportunity. In 2016, the US Department of Energy announced nearly USD 25 million for 13 projects by several companies, such as American Superconductor Corporation, General Electric Company, among others. These initiatives are aimed to leverage manufacturers of automotive motors with advanced technology made in nanomaterial research with improved performance. These factors are contributing to the growth of the global automotive motors market.

Impact of COVID-19 on the Automotive Motors Market

The COVID-19 pandemic has hindered the growth of the market as the worldwide lockdown halted the production and supply of vehicles, which has resulted in lower vehicle sales. This factor has negatively impacted the growth of the global automotive motors market.

Restraint in the Automotive Motors Market

The increasing number of stringent environmental norms and growing demand for vehicles with better fuel efficiency are the biggest factors hindering the market growth. Moreover, there is an increase in the demand for lighter components from automotive suppliers to reduce the weight of the vehicle, which would also help to meet the demand for lower emissions and better mileage. These factors might restrain the growth of the global automotive motors market.

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Application – Segment Analysis

Based on the application, the performance segment is expected to grow at a higher CAGR over the forecast period. This is majorly due to the increasing demand for autonomous electric vehicles in the coming years. The growing expectations from consumers have led to increased competition between OEMs. Innovation plays a crucial role in meeting the demand of consumers and the rising number of electronic components in vehicles nowadays is another factor driving the growth. For instance, in 2019, Continental AG introduced its third-generation electric powertrains, which come with high-performance, compact and lightweight axle drive. This new high-voltage drive combines the electric motor, power electronics, and reduction gear in a single housing. These electronic components allow rapid innovations in onboard infotainment, telematics, safety, reliability, vehicle handling, and performance. These factors are likely to boost the growth of the performance segment in the global automotive motors market.

 Motor Type – Segment Analysis

On the basis of the motor type, the brushless DC motor is projected to grow at a higher CAGR during the forecast period. A brushless DC motor faces minimal wear and tear and is not susceptible to damage or breakage due to the absence of brushes and a physical commutator. These features make brushless DC motors more reliable, durable, and more efficient as compared to brushed DC motors. In addition, brushless DC motors can operate at speeds above 10000 RPM in both loaded as well as unloaded conditions. These factors play a significant role in supplementing the growth of the brushless DC motor in the global automotive motors market.

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Region – Segment Analysis

Based on the region, the Asia-Pacific region is anticipated to grow at a faster CAGR over the forecast period. Emerging nations, such as China and India, hold a significant share of the automotive motors market as the demand and production for automobiles in these countries is increasing. For instance, according to the China Association of Automobile Manufacturer, the production of automobiles including both passenger vehicles and commercial vehicles was around 25 million in 2019. In addition, the presence of major players in Asia-Pacific, which includes Denso Corporation, Continental AG, Mitsubishi Electric Corporation, among others, is another factor propelling the market growth. Moreover, the increasing adoption of electric vehicles in Asia-pacific coupled with the electromobility and increased investments by automakers are contributing to the growth of the automotive motors market in the Asia-Pacific. For instance, in 2020, the Government of India planned to provide subsidies to consumers in their bank account for the adoption of electric vehicles. 

Top Market Players

Various notable players operating in the market include Siemens, Robert Bosch GmbH, Denso Corporation, Continental AG, MAHLE GmbH, Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, NIDEC CORPORATION, Valeo S.A, BorgWarner Inc., among others.

Key Developments:

• • In 2020, BorgWarner Inc. collaborated with Delphi Technologies under a definitive transaction agreement in which BorgWarner Inc. acquires Delphi Technologies in an all-stock transaction. This acquisition is aimed to strengthen BorgWarner’s power electronics products, capabilities, and scale.
  • In 2019, Continental AG announced the launch of its new 48V high power system for HEVs, which is an electric motor with integrated battery and power electronics that mitigates fuel consumption and carbon emissions by around 20% as compared to vehicles fitted with combustion engines. 

Segments covered in the Report:

The global automotive motors market has been segmented on the basis of motor type, application, vehicle type, sales channel and regions. Based on motor type, the market is segmented into brushed DC motor, brushless DC motor, stepper motor, and traction motor. Based on application, the market is segmented into safety, comfort, and performance. Based on vehicle type, the market is segmented into electric vehicle and ICE. The electric vehicle segment is further segmented into BEV, HEV, and PHEV. The ICE segment is further segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. Based on sales channel, the market is segmented into OEM and aftermarket. 

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Key questions answered in this research report:

• • At what pace is global automotive motors market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in automotive motors market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global automotive motors market?
  • Which motor type generated maximum revenues in 2019 and identify the most promising motor type during the forecast period?
  • What are the various application areas of global automotive motors market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Motor Type, By Application, By Vehicle Type, By Sales Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Siemens, Robert Bosch GmbH, Denso Corporation, Continental AG, MAHLE GmbH, Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, NIDEC CORPORATION, Valeo S.A, BorgWarner Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automotive Motors Market by Motor Type

• • Brushed DC Motor
  • Brushless DC Motor
  • Stepper Motor
  • Traction Motor

Global Automotive Motors Market by Application

• • Safety
  • Comfort
  • Performance

Global Automotive Motors Market by Vehicle Type

• • Electric Vehicle
    • BEV
    • HEV
    • PHEV
  • ICE
    • Passenger Car
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle

Global Automotive Motors Market by Sales Channel

• • OEM
  • Aftermarket

Global Automotive Motors Market by Region

• • North America Automotive Motors Market (Option 1: As a part of the free 25% customization)
    • North America Automotive Motors Market by Motor Type
    • North America Automotive Motors Market by Application
    • North America Automotive Motors Market by Vehicle Type
    • North America Automotive Motors Market by Sales Channel
    • US Automotive Motors Market All-Up
    • Canada Automotive Motors Market All-Up
  • Europe Automotive Motors Market (Option 2: As a part of the free 25% customization)
    • Europe Automotive Motors Market by Motor Type
    • Europe Automotive Motors Market by Application
    • Europe Automotive Motors Market by Vehicle Type
    • Europe Automotive Motors Market by Sales Channel
    • UK Automotive Motors Market All-Up
    • Germany Automotive Motors Market All-Up
    • France Automotive Motors Market All-Up
    • Spain Automotive Motors Market All-Up
    • Rest of Europe Automotive Motors Market All-Up
  • Asia-Pacific Automotive Motors Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Automotive Motors Market by Motor Type
    • Asia-Pacific Automotive Motors Market by Application
    • Asia-Pacific Automotive Motors Market by Vehicle Type
    • Asia-Pacific Automotive Motors Market by Sales Channel
    • China Automotive Motors Market All-Up
    • India Automotive Motors Market All-Up
    • Japan Automotive Motors Market All-Up
    • Rest of APAC Automotive Motors Market All-Up
  • RoW Automotive Motors Market (Option 4: As a part of the free 25% customization)
    • RoW Automotive Motors Market by Motor Type
    • RoW Automotive Motors Market by Application
    • RoW Automotive Motors Market by Vehicle Type
    • RoW Automotive Motors Market by Sales Channel
    • Brazil Automotive Motors Market All-Up
    • South Africa Automotive Motors Market All-Up
    • Saudi Arabia Automotive Motors Market All-Up
    • UAE Automotive Motors Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive Motors Market All-Up

Major Players Operating in the Automotive Motors (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Siemens
  • Robert Bosch GmbH
  • Denso Corporation
  • Continental AG
  • MAHLE GmbH
  • Mitsubishi Electric Corporation
  • Johnson Electric Holdings Limited
  • NIDEC CORPORATION
  • Valeo S.A
  • BorgWarner Inc.