Automotive Motor Market 2019 Global Industry Analysis by Key Players, Share, Merger, Size, DC, BLDC Motors With Regional Forecast To 2023
According to Automotive Motor Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Automotive Motor market to grow at 6.5% CAGR and reach notable market value by 2023.
Pune, India – October 9, 2019 /MarketersMedia/ —
According to “Automotive Motor Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Automotive Motor market to grow at 6.5% CAGR and reach notable market value by 2023. Automotive Motor Industry 2019 Report Segments Market for Automotive Motor by Product (DC Brushed, BLDC Motors, Stepper), Application (Performance Motors, Comfort Motors, Safety Motors), Vehicle Type (Passenger Car and Commercial Vehicle), Electric Vehicle Type (BEV, PHEV, HEV), and region.
Global Automotive Motor Key Players Analyzed in Report –
Leading players in the global automotive motor market include REIL Electricals India Limited, SAIC Motor Corporation Limited, PMP Auto Components Pvt. Ltd., Mahle Group, Mitsuba Corporation, Borgwarner Inc., Valeo S.A., Magna International, Siemens AG, Mitsubishi Electric Corporation, Denso Corporation, Nidec Corporation, Continental AG, Johnson Electric Holdings Ltd., and Robert Bosch GmbH.
Get Free Sample Copy of “Automotive Motor Market Research Report-Global Forecast till 2023” at: https://www.marketresearchfuture.com/sample_request/5595
Global Market Highlights:
The automotive motor is designed to convert one type of energy into mechanical energy. They are an integral part of vehicle components because of its wide use in engine cooling fan, power steering, battery cooling, and other systems. The electric motor in automotive convert’s electrical energy into mechanical energy and pneumatic motors uses compressed air.
The automotive motor converts one type of energy into mechanical energy. They are important because it is useful for battery cooling, engine cooling fan, power steering, and other systems. Market Research Future (MRFR) has published and released a research report about the global automotive motor market that foretells growth for this market with 6.5% CAGR (Compound Annual Growth Rate) during the forecast period between 2019 and 2023.
Automotive Motor Market Driven by Growing Demand for Performance Enhancement, Safety Features in Passenger Vehicles. 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.
Market Segments Analysis:
The automotive motor market is segmented based on product, application, vehicle type, and electric vehicle type.
The application-based segmentation segments this market into comfort motors, performance motors, and safety motors. Performance motors are likely to be the major revenue generator for the automotive motor market over the forecast period due to the growing demand for performance motors for increasing the overall performance of vehicles.
By electric vehicle type, the global automotive motor market is segmented into battery electric vehicles, plug in hybrid electric vehicles, and hybrid electric vehicles.
Based on product, the market has been segmented into brushed DC electric motor, brushless DC (BLDC) electric motor, and steppers. A brushed DC motor is described as an internally commutated electric motor that has been constructed in such a way, that it would run from a direct current power source. BLDC motors are electronically commutated motors (ECM, EC motors).
By vehicle type, the global automotive motor market is segmented into passenger and commercial vehicles. The passenger vehicles segment is likely to dominate the global automotive motor market over the forecast period due to the increasing demand for enhanced performance from passenger cars.
Regional Market Insights:
The global Automotive Motor Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
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.
Europe is also likely to be a major regional market for automotive motor products and technology due to the growing presence of the automotive industry in the region. European carmakers are majorly focused on widespread installation of safety features such as ABS and airbags, with this equipment coming as standard on most cars sold in the region. However, increasing government support to the mandatory installation of these features is also likely to drive the automotive motor market in the region over the forecast period.
In North America, U.S. is expected to dominate the market due to growing demand for safety features to be installed in the vehicles. The strong presence of automotive electric motor developers in the U.S. and Canada is also likely to be a major driver for the automotive motor market in North America over the forecast period. The U.S. is likely to dominate the North America market for automotive motors and remain a major player in the global market.
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 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
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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