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Automotive Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5577995
Description Jump to:
The global automotive motors market size reached US$ 37.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 52.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028. The growing demand for electric vehicles (EVs), increasing traction of advanced safety features in automobiles, and rising environmental concerns represent some of the key factors driving the market.

Automotive motors comprise a rotator, stator, encoder, conducting wire, amplifier, and frame. They deliver high torque and power output and can convert a high percentage of energy into mechanical power. They have a long lifespan and quieter and smoother operations, which reduces noise pollution and improves the overall driving experience. They offer high flexibility and are employed in a variety of vehicle types, including passenger cars, battery electric vehicles (BEV), two-wheelers, heavy commercial vehicles (HCVs), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV), for enhanced performance, safety, comfort, convenience, and security. Apart from this, as automotive motors generate more power and have higher thermal efficiency, they are widely incorporated in power window motors, seat cooling fans, power steering motors, sunroofs, alternators, wiper systems, exhaust gas recirculation (EGR) and anti-lock brake systems across the globe.

Automotive Motors Market Trends:

At present, rising environmental concerns and the escalating demand for EVs represent one of the key factors positively influencing the market across the globe. In addition, inflating disposable incomes and shifting consumer preferences towards vehicles with enhanced safety and convenience features are catalyzing the demand for automotive motors. Automotive motors are currently gaining immense traction in advanced infotainment systems, heads-up displays, central controllers, anti-lock braking systems, and gesture control systems, which is offering lucrative growth opportunities to key market players. Besides this, the widespread adoption of brushed direct current (DC) motors, on account of their easy speed control, cost-effectiveness, and high power, is creating a positive market outlook. Additionally, governments of various countries are undertaking policies that mandate higher fuel efficiency, lower emissions, and other environmental standards, which, in turn, is leading to the development of more advanced and efficient motors. In line with this, increasing investments in research and development (R&D) activities and various product innovations, such as the introduction of compact and high-efficiency automotive motors that assist in reducing maintenance costs, improving the responsiveness of the vehicle, minimizing overall weight of the vehicle, and maximizing fuel efficiency, are strengthening the market growth. Furthermore, the rising emphasis on the utilization of renewable energy and the introduction of smart automotive motors for performing complex operations are stimulating the growth of the market worldwide.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global automotive motors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on motor type, vehicle type, sales channel and application.

Motor Type Insights:

  • Brushed DC Motor
  • Brushless DC Motor
  • Stepper Motor
  • Traction Motor
The report has provided a detailed breakup and analysis of the automotive motors market based on the motor type. This includes brushed DC motor, brushless DC motor, stepper motor, and traction motor. According to the report, brushed DC motor represented the largest segment.

Vehicle Type Insights:

  • Electric Vehicle
  • BEV
  • PHEV
  • Non-Electric Vehicle
  • Passenger
  • LCV
  • HCV
A detailed breakup and analysis of the automotive motors market based on the vehicle type has also been provided in the report. This includes electric vehicle (BEV and PHEV) and non-electric vehicle (passenger, LCV and HCV). According to the report, non-electric vehicle (passenger, LCV and HCV) accounted for the largest market share.

Sales Channel Insights:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket
A detailed breakup and analysis of the automotive motors market based on the sales channel has also been provided in the report. This includes original equipment manufacturer (OEM) and aftermarket. According to the report, aftermarket accounted for the largest market share.

Application Insights:

  • Safety
  • Comfort
  • Performance
A detailed breakup and analysis of the automotive motors market based on the application has also been provided in the report. This includes safety, comfort, and performance. According to the report, comfort accounted for the largest market share.

Regional Insights:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for automotive motors. Some of the factors driving the Asia Pacific automotive motors market included the aging population, technological advancements, high healthcare expenditure, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global automotive motors market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include BorgWarner Inc., Brose Fahrzeugteile SE & Co. KG, Bühler Motor GmbH, Continental AG, Johnson Electric Holdings Limited, Mabuchi Motor Co. Ltd., MAHLE GmbH, MITSUBA Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Ricardo PLC, Robert Bosch GmbH, Siemens AG, Valeo., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global automotive motors market in 2022?
2. What is the expected growth rate of the global automotive motors market during 2023-2028?
3. What are the key factors driving the global automotive motors market?
4. What has been the impact of COVID-19 on the global automotive motors market?
5. What is the breakup of the global automotive motors market based on the motor type?
6. What is the breakup of the global automotive motors market based on the vehicle type?
7. What is the breakup of the global automotive motors market based on the sales channel?
8. What is the breakup of the global automotive motors market based on the application?
9. What are the key regions in the global automotive motors market?
10. Who are the key players/companies in the global automotive motors market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Motors Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Motor Type
6.1 Brushed DC Motor
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Brushless DC Motor
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Stepper Motor
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Traction Motor
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Vehicle Type
7.1 Electric Vehicle
7.1.1 Market Trends
7.1.2 Key Segments
7.1.2.1 BEV
7.1.2.2 PHEV
7.1.3 Market Forecast
7.2 Non-Electric Vehicle
7.2.1 Market Trends
7.2.2 Key Segments
7.2.2.1 Passenger
7.2.2.2 LCV
7.2.2.3 HCV
7.2.3 Market Forecast
8 Market Breakup by Sales Channel
8.1 Original Equipment Manufacturer (OEM)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aftermarket
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Safety
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Comfort
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Performance
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 BorgWarner Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Brose Fahrzeugteile SE & Co. KG
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Bühler Motor GmbH
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Continental AG
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Johnson Electric Holdings Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Mabuchi Motor Co. Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 MAHLE GmbH
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8 MITSUBA Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Mitsubishi Electric Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Nidec Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Ricardo PLC
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Robert Bosch GmbH
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 SWOT Analysis
15.3.13 Siemens AG
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
15.3.14 Valeo
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
15.3.14.4 SWOT Analysis
List of Figures
Figure 1: Global: Automotive Motors Market: Major Drivers and Challenges
Figure 2: Global: Automotive Motors Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Automotive Motors Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Automotive Motors Market: Breakup by Motor Type (in %), 2022
Figure 5: Global: Automotive Motors Market: Breakup by Vehicle Type (in %), 2022
Figure 6: Global: Automotive Motors Market: Breakup by Sales Channel (in %), 2022
Figure 7: Global: Automotive Motors Market: Breakup by Application (in %), 2022
Figure 8: Global: Automotive Motors Market: Breakup by Region (in %), 2022
Figure 9: Global: Automotive Motors (Brushed DC Motor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Automotive Motors (Brushed DC Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Automotive Motors (Brushless DC Motor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Automotive Motors (Brushless DC Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Automotive Motors (Stepper Motor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Automotive Motors (Stepper Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Automotive Motors (Traction Motor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Automotive Motors (Traction Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Automotive Motors (Electric Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Automotive Motors (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Automotive Motors (Non-Electric Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Automotive Motors (Non-Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Automotive Motors (Original Equipment Manufacturer (OEM)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Automotive Motors (Original Equipment Manufacturer (OEM)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Automotive Motors (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Automotive Motors (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Automotive Motors (Safety) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Automotive Motors (Safety) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Automotive Motors (Comfort) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Automotive Motors (Comfort) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Automotive Motors (Performance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Automotive Motors (Performance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Automotive Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Automotive Motors Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Automotive Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Automotive Motors Industry: SWOT Analysis
Figure 81: Global: Automotive Motors Industry: Value Chain Analysis
Figure 82: Global: Automotive Motors Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Automotive Motors Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Automotive Motors Market Forecast: Breakup by Motor Type (in Million US$), 2023-2028
Table 3: Global: Automotive Motors Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 4: Global: Automotive Motors Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
Table 5: Global: Automotive Motors Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Automotive Motors Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Automotive Motors Market: Competitive Structure
Table 8: Global: Automotive Motors Market: Key Players

Companies Mentioned

  • BorgWarner Inc.
  • Brose Fahrzeugteile SE & Co. KG
  • Bühler Motor GmbH
  • Continental AG
  • Johnson Electric Holdings Limited
  • Mabuchi Motor Co. Ltd.
  • MAHLE GmbH
  • MITSUBA Corporation
  • Mitsubishi Electric Corporation
  • Nidec Corporation
  • Ricardo PLC
  • Robert Bosch GmbH
  • Siemens AG
  • Valeo

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedJune 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 37.9 Billion
Forecasted Market Value ( USD ) by 2028 $ 52 Billion
Compound Annual Growth Rate5.4%
Regions CoveredGlobal
No. of Companies Mentioned14

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The Engine Motor market is a segment of the Motors industry that focuses on the production and sale of engines for a variety of applications. These engines are typically used in automobiles, boats, aircraft, and other machinery. The market is highly competitive, with a wide range of manufacturers offering different types of engines. The engines are designed to meet the specific needs of the customer, and the market is constantly evolving to meet the changing demands of the industry. The Engine Motor market is driven by technological advancements, such as the development of more efficient and powerful engines. Additionally, the increasing demand for fuel-efficient vehicles has led to the development of more efficient engines. This has resulted in a shift in the market towards more efficient and powerful engines. Some of the major companies in the Engine Motor market include Cummins, Caterpillar, John Deere, and Volvo. These companies are known for their high-quality engines and have a strong presence in the market. Additionally, there are many smaller companies that specialize in the production of engines for specific applications. Show Less Read more

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