Automotive Motors Market

Automotive Motors Market Size, Share, Growth Analysis, By Type(DC Brushed Motors, Brushless DC Motors, Stepper Motors, Traction Motors) - Industry Forecast 2024-2031


Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Automotive Motors Market Insights

Market Overview:

Increased demand for low-emission ICE vehicles, rising consumer expenditure on safety and comfort features in automobiles, and the expanding trend of automobile electrification, together with rising demand for premium vehicles, will drive expansion in the automotive motors market. The global recovery from the pandemic will also play a significant role in sustaining demand for these motors. Several global economies have recovered from the 2008 recession. Developing countries such as China and India have had faster growth rates. The standard of living in developing countries has also increased, with significant increases in purchasing power. Mercedes-Benz, BMW, and Audi are the global leaders in the luxury car market. Changes in customer preferences have raised the desire for superior products, which has boosted premium car sales globally.

Automotive Motors Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Conglomerates by segment aggregation, the contribution of the Industrial Conglomerates in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Automotive Motors was estimated to be valued at US$ XX Mn in 2021.

The Automotive Motors Market is estimated to grow at a CAGR of XX% by 2028.

The Automotive Motors Market is segmented on the basis of Type.

Based on region, the Automotive Motors Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Automotive Motors Market are BorgWarner Inc., Continental AG, DENSO CORPORATION, Johnson Electric Holdings Limited, Mitsuba Corporation, MABUCHI MOTOR CO., LTD., Nidec Corporation, Robert Bosch GmbH, Siemens AG, VALEO, Inteva Products, LLC, Magna International Inc, Marelli Europe S.P.A., Aptiv PLC, Buhler Motor, Meritor, Inc., PST Electronics Ltd, U-SHIN ltd..

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Automotive Motors Market

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