COVID-19 update included
The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic

The Global Automotive Motor Market size is expected to reach $49.6 billion by 2025, rising at a market growth of 7.1% CAGR during the forecast period. Automotive motor is a system that transforms electrical energy into mechanical energy. The combustion process burns the fuel in the case of an internal combustion engine (ICE), and the heat generated is transformed by the engine into mechanical energy. Electric motors convert electrical energy into mechanical energy in the case of an electric vehicle.

Increased passenger and commercial vehicle demand is expected to boost the automotive motor market over the forecast period. Strict rules and regulations laid down by governments across the world to incorporate various active safety systems such as lane keep assist, electronic stability control (ESC) and anti-lock braking system (ABS) in vehicles are also likely to drive the motor vehicle market over the coming years. The growing need for more fuel-efficient vehicles is raising the need for higher efficiency and better quality automotive motors. In the coming years, this is expected to propel the automotive motor market.

The adoption of electric motors in automobiles has seen a steady rise over the forecast period. It is anticipated that increased emphasis on improving design and manufacturing processes to deliver better products with improved efficiency would bode well for product demand. The market is experiencing tremendous growth due to the increase in the production of automobiles and the number of motors used in a particular vehicle.

Based on Distribution Channel, the market is segmented into Aftermarket and OEM. Depending on the sales channel, the market has been classified as OEMs and aftermarket. The OEM segment had a significant market share in 2018. Nevertheless, the aftermarket emerged as a dominant segment in 2018 and is expected to be seeing the fastest growth in the forecast years. The motors must be replaced after a certain period of time due to their extended use and to the improved performance of the vehicle that drives the segment. Based on Application, the market is segmented into Comfort, Safety and Others. The safety motor segment is expected to see significant growth by 2025 due to the increasing strictness of government rules and regulations concerning the incorporation of safety systems in vehicles. The comfort application segment is expected to see the fastest growth over the forecast period as the comfort motor has improved driving capability. Based on Vehicle Type, the market is segmented into Non-Electric Vehicle and Electric Vehicle. Based in Type, the market is segmented into Brushed DC Motor, Brushless DC Motor, Traction Motor and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Continental AG, Denso Corporation, Robert Bosch GmbH, and Siemens AG are some of the forerunners in the Automotive Motor Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Mitsubishi Electric Corporation, Valeo SA, Mahle Group, Nidec Corporation, BorgWarner, Inc., and Johnson Electric Holdings Limited.

Scope of the Study
Market Segmentation,

By Application

  • Comfort
  • Safety
  • Others

By Vehicle Type

  • Non-Electric Vehicle
  • Electric Vehicle

By Type

  • Brushed DC Motor
  • Brushless DC Motor
  • Traction Motor
  • Others

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America

Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

  • Siemens AG
  • Robert Bosch GmbH
  • Continental AG
  • Denso Corporation
  • Mitsubishi Electric Corporation
  • Valeo SA
  • Mahle Group
  • Nidec Corporation
  • BorgWarner, Inc.
  • Johnson Electric Holdings Limitedustomization free