Automotive Industry Today

Global Automotive Motors Market is Expected to Reach $45.76 billion by 2023

Market Research Report on Global Automotive Motors Market
Published 07 February 2018
Report Sellers has added a new market research report “Automotive Motors - Global Market Outlook (2017-23)” to its offerings.

According to Report, the Global Automotive Motors Market is expected to grow from $27.15 billion in 2016 to reach $45.76 billion by 2023 with a CAGR of 7.7%. Rising vehicle production across many developing countries, increasing need for electric vehicles, growing demand for advanced automation systems are some of the factors driving the market. In addition, varying costs of raw materials is hindering the market growth. 

The demand for DC brushed motors is increasing rapidly and the growth of these motors is attributed to its low cost and easy usage. Hybrid Electric Vehicle (HEV) is one of the fastest growing segments due to the improvements in technologies consisting of automatic start/shut-off, regenerative brakes. Plug-in Hybrid Electric Vehicle (PHEV) has acquired the largest market share. 

Asia Pacific is leading the automotive market and the factors contributing to the growth of this region are rising vehicle production, increasing volume of passenger cars among people in developing countries such as China and India. Advanced technologies with start-stop systems and anti-lock braking system (ABS) are fuelling the growth of automotive motors. 

Some of the key players in global automotive motors market include Borgwarner Inc, Siemens AG, Mahle Group, Mitsuba Corporation, Continental AG, Valeo S.A, Borgwarner Inc, Robert Bosch GmbH, Johnson Electric Holdings Limited, Magna International, Nidec Corporation, Denso Corporation. 

Browse through the complete description and in-depth TOC on “Global Automotive Motors Market”

What does the Report Offers
  • Market share assessments for the regional and country level segments
  • Market share analysis of the top industry players 
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
Report Scope

Global Automotive Motors Market has been segmented by electric vehicle types covered, applications covered, vehicle types covered, product types covered and regions covered

Electric Vehicle Types Covered: 
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Battery Electric Vehicle (BEV)

Applications Covered:
Comfort Motors
Safety Motors
Performance Motors

Vehicle Types Covered:
Light Commercial Vehicles
Passenger Cars
Heavy Commercial Vehicles

Product Types Covered:
AC Motors
DC Motors
o Stepper Motors
o DC Brushed Motors 
o DC Brushless Motors

Regions Covered:
North America
Rest of Europe 
Asia Pacific
New Zealand 
South Korea
Rest of Asia Pacific 
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Request sample here    

We have a large number of reports in Automotive & Transportation Industry which can be accessed in the following link:
About Report Sellers
Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.


Other Industry News

Ready to start publishing

Sign Up today!