The global automotive motor market size is expected to be worth around US$ 55.2 billion by 2030, according to a new report by Vision Research Reports.
The global automotive motor market size was valued at US$ 34.3 billion in 2020 and is anticipated to grow at a CAGR of 9.7% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 55.2 billion by 2030 |
| Growth Rate | CAGR of 9.7% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Motor type, sales channel, vehicle type, application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Nidec Corporation; Johnson Electric Holdings Ltd.; Robert Bosch GmbH; Denso Corporation; Continental AG; and Mitsubishi Electric Corporation |
Growth Factors
The use of electric motors in automobiles has been witnessing a steady rise over the past few years. Rising emphasis on optimizing design and manufacturing processes for delivering better products with improved efficiency is anticipated to bode well for the product demand. The market is witnessing tremendous growth ascribed to the increase in automobile production and the number of motors used in a particular vehicle.
rising need for fuel-efficient vehicles is fueling the need for automotive motors with better performance and higher efficiency. Rising demand for fuel efficient vehicles along with stringent environmental norms is also resulting in development of lightweight raw materials without having to compromise the structural strength of the components.
By Motor Type Analysis
Brushed DC motor held the largest market share in 2020, ascribed to low cost and simple drive control model. They are easy to install and are used to provide high speed and power to the vehicle making them ideal for various automotive applications. Systems including power windows, cooling fan, windshield wipers, and so on make use of brushed DC motor.
Brushless DC held the second largest market share in 2020. The brushless DC motor is not much susceptible to damage or breakage and undergoes minimal wear and tear ascribed to the absence of a physical commutator and brushes.
The traction motor is anticipated to witness the fastest growth over the forecast period. They are mainly used in Battery Electric Vehicles (BEV) and Hybrid Electric Vehicles (HEV) owing to high efficiency and low power consumption
By Sales Channel Analysis
Based on the sales channel, the market has been categorized into OEMs and aftermarket. The OEM segment is accounted for a substantial market share in 2020. The motors need to be replaced after a certain period due to their prolonged usage and for better vehicular performance which is driving the segment.
Rapid technological advancements are anticipated to fuel the aftermarket segment toward digitization. The marketplace is changing and the aftermarket is going online for the sale of auto parts and services.
By Application Analysis
Automotive motors serve a wide range of applications including safety, performance, and comfort. The comfort application segment accounted for the majority of the market share in 2020. Automotive motors are used in electric vehicles, hybrid vehicles, and cars among other types of vehicles.
sophisticated safety mechanisms, such as the anti-lock braking system employ automotive motors to provide an estimation of the wheel speed and road identification using wavelet signal processing methods.
By Vehicle Type Analysis
The electric vehicle segment is expected to witness the fastest growth over the forecast period. Electric vehicles hold significant potential to improve local air quality, reduce carbon emissions, and increase energy security.
The electric vehicle segment is further bifurcated into BEVs and PHEVs. BEVs are anticipated to register the highest demand for the automotive motor in 2018. large scale production is pushing down the battery costs thus increasing the BEV competitiveness. Such improvements are anticipated to bode well for the demand for BEVs.
By Regional Analysis
There are various government regulations, which have mandated safety features in vehicles including anti-lock braking systems, airbags, and start-stop systems among others. These safety feature components require motor installation, which is anticipated to increase the market demand in near future.
The Asia Pacific accounted for the largest market share in terms of revenue in 2020 and is estimated to exhibit the fastest growth over the forecast period. This is ascribed to the growing vehicle production in emerging economies, such as China, India, and Japan.
North America is expected to emerge as the second-largest region by 2030. The strong presence of manufacturers in Canada and the U.S. is one of the key factors driving the regional market.
Key Players
Nidec Corporation, Johnson Electric Holdings Ltd., Robert Bosch GmbH, Denso Corporation, Continental AG, and Mitsubishi Electric Corporation
Market Segmentation
Table Of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Application Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Motor Market, By Motor Type
7.1. Automotive Motor Market, by Motor Type, 2021-2030
7.1.1. Brushed DC Motor
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Brushless DC Motor
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Stepper Motor
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Traction Motor
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Automotive Motor Market, By Sales Channel
8.1. Automotive Motor Market, by Sales Channel, 2021-2030
8.1.1. OEM
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Aftermarket
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Automotive Motor Market, By Application
9.1. Automotive Motor Market, by Application, 2021-2030
9.1.1. Safety
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Comfort
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Performance
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Automotive Motor Market, By Vehicle Type
10.1. Automotive Motor Market, by Vehicle Type, 2021-2030
10.1.1. Electric Vehicle
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Non-Electric Vehicle
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Automotive Motor Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.1.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.1.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.5.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.6.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.2.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.2.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.5.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.6.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.7.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.8.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.3.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.3.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.5.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.6.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.7.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.8.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.4.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.5.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.6.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.7.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.8.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.5.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.5.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Motor Type (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Sales Channel (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.6.4. Market Revenue and Forecast, by Vehicle Type (2017-2030)
Chapter 12. Company Profiles
12.1. Nidec Corporation
12.1.1. Company Overview
12.1.2. Motor Type Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Johnson Electric Holdings Ltd
12.2.1. Company Overview
12.2.2. Motor Type Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Robert Bosch GmbH
12.3.1. Company Overview
12.3.2. Motor Type Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Denso Corporation
12.4.1. Company Overview
12.4.2. Motor Type Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Continental AG
12.5.1. Company Overview
12.5.2. Motor Type Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Mitsubishi Electric Corporation
12.6.1. Company Overview
12.6.2. Motor Type Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
Glossary of Terms
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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