Automotive Motor Market 2018 Global Industry Trends, Size, Growth Factors, Regional Analysis, Opportunities, And Competitive Landscape Forecast To 2023

Market Research Future published a research report on Automotive Motor Market. The Automotive Motor market is expected to witness Growth of 6.55% CAGR during the period of 2018 to 2023. Report provides Automotive Motor market 2018 Industry Analysis by Key Companies, Type, Application, Sales, Market Share, Growth Rate, and Key Country forecast to 2023.

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Automotive Motor Market Key Players 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.

Market Highlights

Automotive motor is a type of device that converts one type of energy into mechanical energy. All the vehicle components include motors due to its various application such as engine cooling fan, power steering, battery cooling, and other systems. The automotive electric motor converts electrical energy to mechanical energy while the pneumatic motors make use compressed air. The automotive motors are used in internal combustion engine, high-speed motor, and other components. When comparison with internal combustion engine, the high-speed motor is more efficient and energy saving. The automotive motors have many applications, which include performance motors, comfort motors, and safety motors. The motors are installed depending on the type of application. There are various types of motor used in vehicles such as DC brushed, BLDC motors, and stepper. DC brushed is most widely used because they are cost-effective and easy to install. BLDC motors are also known as electronically commutated motors are powered by DC. The construction of BLDC motor is similar to that of permanent magnet synchronous motor (PMSM). They provide high power to the system to make it efficient.

Market Research Analysis:

The factors that are responsible for the growth of automotive motor are increased government initiative, energy efficient evaluation program, increased demand from automotive industry, and others. Government have taken various initiatives to improve the efficiency of the motor. According to Office of Energy Efficiency & Renewable Energy, there has been a significant investment of about USD 25 million for the advancement of technology to provide energy-efficient motor. The department of energy have taken up various projects by Next Generation of Electric Machines which will enable them to get fund opportunity. The initiative will leverage the manufacturers of motors with advanced technology made in nanomaterial’s research with improved performance. The improved performance of automotive motor will result in the growth of the market during forecast period. The increased demand from automotive industry is majorly due to growing demand for electric vehicles. The most popular electric vehicle manufacturer Tesla is equipped with high-speed motor with a 3-phase electric induction motor. The increase in demand from the electric vehicle manufacturers will result in the growth of the automotive market.

Regional Analysis:

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

 Target Audience:

• Automotive Motor manufacturer/dealer/supplier.
• Raw material Provider
• Government and research organization
• Investment bankers and M&A Consultants

Market Segmentation:

The scope of the study segments the global Automotive Motors market by its product, application, vehicle type, and electric vehicle type, and region

By Product Type:

DC Brushed

BLDC Motors

Stepper

By Application Type:

Performance Motors

Comfort Motors

Safety Motors

By Vehicle Type:

Passenger Car

Commercial Vehicle

By Electric Vehicle Type:

BEV

PHEV

HEV

By Region:

North America

Asia Pacific

Europe

Rest of the World

Scope of the Report

This study provides an overview of the global Automotive Motor industry, tracking market segments across the categorized four geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and Rest of the world.

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TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued…

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