Report Feature
Automotive Motor Trends and Forecast
The future of the global automotive motor market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets. The global automotive motor market is expected to reach an estimated $41.9 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing need for safety measures in automotive, rising demand for cutting-edge automotive systems, and increasing attention to vehicle comfort.
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Automotive Motor by Segment
The study includes a forecast for the global automotive motor by motor type, function, vehicle type, application, and region.Automotive Motor Market by Motor Type [Shipment Analysis by Value from 2018 to 2030]:
• Brushed Motors
• Brushless Motors
• Stepper Motors
Automotive Motor Market by Function [Shipment Analysis by Value from 2018 to 2030]:
• Performance Motors
• Comfort Motors
• Safety Motors
Automotive Motor Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Automotive Motor Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Heating, Ventilation & Air Conditioning
• Engine
• Safety & Security
• Others
Automotive Motor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Motor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive motor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive motor companies profiled in this report include-• Inteva Products
• BorgWarner
• Continental
• DENSO CORPORATION
• Marelli Holdings
• Magna International
• Buhler Motor
• Robert Bosch
• Valeo
• Johnson Electric Holdings
Automotive Motor Market Insights
Lucintel forecasts that brushed motors is expected to witness the highest growth over the forecast period. Within this market, passenger car will remain the largest segment. APAC is expected to witness highest growth over the forecast period due to increasing production of vehicles and the growing attention of both domestic & international players in the region.Features of the Global Automotive Motor Market
Market Size Estimates: Automotive motor market size estimation in terms of value ($B). Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions. Segmentation Analysis: Automotive motor market size by various segments, such as by motor type, function, vehicle type, application, and region in terms of value ($B). Regional Analysis: Automotive motor market breakdown by North America, Europe, Asia Pacific, and Rest of the World. Growth Opportunities: Analysis of growth opportunities in different motor types, functions, vehicle types, applications, and regions for the automotive motor market. Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive motor market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.FAQ
Q1. What is the automotive motor market size? Answer: The global automotive motor market is expected to reach an estimated $41.9 billion by 2030. Q2. What is the growth forecast for automotive motor market? Answer: The global automotive motor market is expected to grow with a CAGR of 6.3% from 2024 to 2030. Q3. What are the major drivers influencing the growth of the automotive motor market? Answer: The major drivers for this market are growing need for safety measures in automotive, rising demand for cutting-edge automotive systems, and increasing attention to vehicle comfort. Q4. What are the major segments for automotive motor market? Answer: The future of the automotive motor market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets. Q5. Who are the key automotive motor market companies? Answer: Some of the key automotive motor companies are as follows:• Inteva Products
• BorgWarner
• Continental
• DENSO CORPORATION
• Marelli Holdings
• Magna International
• Buhler Motor
• Robert Bosch
• Valeo
• Johnson Electric Holdings Q6. Which automotive motor market segment will be the largest in future? Answer: Lucintel forecasts that brushed motors is expected to witness the highest growth over the forecast period. Q7. In automotive motor market, which region is expected to be the largest in next 5 years? Answer: APAC is expected to witness highest growth over the forecast period due to increasing production of vehicles and the growing attention of both domestic & international players in the region. Q.8 Do we receive customization in this report? Answer: Yes, Lucintel provides 10% customization without any additional cost.
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Automotive Motor Market
6.1.1 Growth Opportunities for the Global Automotive Motor Market by Motor Type
6.1.2 Growth Opportunities for the Global Automotive Motor Market by Function
6.1.3 Growth Opportunities for the Global Automotive Motor Market by Vehicle Type
6.1.4 Growth Opportunities for the Global Automotive Motor Market by Application
6.1.5 Growth Opportunities for the Global Automotive Motor Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the automotive motor market by motor type (brushed motors, brushless motors, and stepper motors), function (performance motors, comfort motors, and safety motors), vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle), application (heating, ventilation & air conditioning, engine, safety & security, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to Automotive Motor Market, Automotive Motor Market Size, Automotive Motor Market Growth, Automotive Motor Market Analysis, Automotive Motor Market Report, Automotive Motor Market Share, Automotive Motor Market Trends, Automotive Motor Market Forecast, Automotive Motor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
