Automotive Motors Market is expected to reach USD 38.50 Billion by 2024 from USD 24.21 Billion in 2016 at CAGR of 5.97% (Detailed analysis of the market CAGR is provided in the report).
Automotive motors market
Automotive Motors Market is segmented by product type, vehicle type, electrical vehicle type, application, and geography. Safety Motor sub segment is expected to gain the largest market share in forecast period. Increasing awareness about safety features and increased mandatory installation of features such as anti-lock braking systems (ABS) and airbags is expected to fuel the safety motor sub segment growth. Vehicle type segment is estimated to experience the significant growth of passenger cars sub segment. This growth is attributed to higher adoption growth of high end electronics and advanced systems in passenger cars and larger volume of passenger vehicles. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
Rising acuity about advanced safety, comfort, and convenience systems is trending the overall Automotive Motors Market. However, increased weight and cost of overall system will restrain the market growth. APAC is going to emerge as one of the higher growth region in forecast period followed by North America and Europe. Japan and South Korea’s presence with their technological advancement, tremendous vehicle production in developing economies like China and India will fuel the Automotive Motors Market in APAC region.
Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for this market during the forecast period
• Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Automotive Motors Market analysis and comprehensive segmentation with respect to the product type, vehicle type, electrical vehicle type, application, and geography to assist in strategic business planning
• Automotive Motors Market analysis and forecast for five major geographies North America, Europe, Asia pacific, Middle East & Africa, Latin America and their key regions
Research Methodology:
Research methodology used in this report contains various secondary sources including directories such as Canada Automobile Association (CAA), Japan Automobile Manufacturers Association (JAMA), Korea Automobile Manufacturers Association (KAMA), European Automobile Manufacturers Association (ACEA), and Automotive Component Manufacturers Association of India (ACMA). Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about Automotive Motors Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Automotive Motors Market globally
Key Players in the Automotive Motors Market Are:
• Mitsuba Corporation
• Robert Bosch
• Siemens AG
• Continental
• Johnson Electric
• Mitsubishi Electric Corporation
• Borgwarner Inc.
• Nidec Corporation
• Mahle Group
• Valeo S.A.
• Denso Corporation
• Magna International
Key Target Audience:
• Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies
• Automotive Motors manufacturers
• Automobile manufacturers
• Automotive motor component suppliers
• Raw material suppliers
• Automotive Motors Market Investors
• Traders and distributors of Automotive Motors
• Electric vehicle manufacturers
• Original Equipment Manufacturers (OEM) and component manufacturing associations
• Government and regulatory authorities
The scope of the Automotive Motors Market:
Research report categorizes the Automotive Motors Market based on product type, vehicle type, electrical vehicle type, application, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Automotive Motors Market with key developments in companies and market trends.
Automotive Motors Market By Product Type
• Stepper Motor
• DC Brushed Motor
• DC Brushless Motor
Automotive Motors Market, By Vehicle Type
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Automotive Motors Market, By Application
• Performance Motor
• Safety Motor
• Comfort Motor
Automotive Motors Market, By Electrical Vehicle Type
• BEV
• PHEC
• HEV
Automotive Motors Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
This Information is given by market research company ( Maximize Market Research Pvt Ltd )
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