AUTOMOTIVE & TRANSPORTATION
Global Automative Motors Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Automotive Motors Market, By Motor type (Brushed, Brushless, Stepper), Function (Performance, Safety, Comfort), Vehicle type (Passenger car, Light commercial vehicle, Heavy commercial vehicle), Electric vehicle type (BEV, HEV, PHEV, FCEV), EV motor type (Induction, Traction, Brushed, Brushless, Stepper, Others), Application (Electric water pump, Radiator, Cooling fan, Electronic throttle valve control, Electronic variable gear ratio motor, Electric variable valve timing, Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Automotive Motors market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
An automotive motor is an electric motor that is used in automobiles for a variety of purposes, including propulsion system powering, ancillary component operation, and assistance with hybrid and electric vehicles.
Market Dynamics
DRIVERS
- An increase in the need for safety systems
- Government policies to promote the use and manufacture of electric vehicles
RESTRAINTS
- Advanced feature cars are heavier and more expensive than other basic models.
- Government policies on environmental factors
OPPORTUNITIES
- Growing opportunity due to rising demand for luxury vehicles
- Increase in people disposable income
CHALLENGES
- Variations in raw material prices could present a challenge to the market.
- Increased competition
SEGMENTATION
MARKET SEGMENTATION
- Motor type
- Brushed
- Brushless
- Stepper
- Function
- Performance
- Safety
- Comfort
- Vehicle type
- Passenger car
- Light commercial vehicle
- Heavy commercial vehicle
- Electric vehicle type
- BEV
- HEV
- PHEV
- FCEV
- EV motor type
- Induction
- Traction
- Brushed
- Brushless
- Stepper
- Others
- Application
- Electric water pump, Radiator, Cooling fan
- Electronic throttle valve control
- Electronic variable gear ratio motor
- Electric variable valve timing
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- BorgWarner Inc
- Buhler Motor GmbH
- Continental AG
- DENSO CORPORATION
- Inteva Products, LLC
- Johnson Electric Holdings Limited
- Magna International Inc.
- Marelli Holdings Co., Ltd.
- Robert Bosch GmbH
- Valeo
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Automotive Motors Market, by Motor type
- 3.2 Global Automotive Motors Market, by Function
- 3.3 Global Automotive Motors Market, by Vehicle type
- 3.4 Global Automotive Motors Market, by Electric vehicle type
- 3.5 Global Automotive Motors Market, by EV motor type
- 3.6 Global Automotive Motors Market, by Application
- 3.7 Global Automotive Motors Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Trend 1
- 5.1.2 Trend 2
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 An increase in the need for safety systems
- 5.2.2 Government policies to promote the use and manufacture of electric vehicles
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Advanced feature cars are heavier and more expensive than other basic models.
- 5.3.2 Government policies on environmental factors
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growing opportunity due to rising demand for luxury vehicles
- 5.4.2 Increase in people disposable income
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Variations in raw material prices could present a challenge to the market.
- 5.5.2 Increased competition
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AUTOMOTIVE MOTORS MARKET, BY MOTOR TYPE
- 6.1 Motor type Summary
- 6.2 Market Attractive Index
- 6.3 Global Automotive Motors Market, by Motor type (2019-2032)
- SECTION 7 - GLOBAL AUTOMOTIVE MOTORS MARKET, BY FUNCTION
- 7.1 Function Summary
- 7.2 Market Attractive Index
- 7.3 Global Automotive Motors Market, by Function (2019-2032)
- SECTION 8 - GLOBAL AUTOMOTIVE MOTORS MARKET, BY VEHICLE TYPE
- 8.1 Vehicle type Summary
- 8.2 Market Attractive Index
- 8.3 Global Automotive Motors Market, by Vehicle type (2019-2032)
- SECTION 9 - GLOBAL AUTOMOTIVE MOTORS MARKET, BY ELECTRIC VEHICLE TYPE
- 9.1 Electric vehicle type Summary
- 9.2 Market Attractive Index
- 9.3 Global Automotive Motors Market, by Electric vehicle type (2019-2032)
- SECTION 10 - GLOBAL AUTOMOTIVE MOTORS MARKET, BY EV MOTOR TYPE
- 10.1 EV motor type Summary
- 10.2 Market Attractive Index
- 10.3 Global Automotive Motors Market, by EV motor type (2019-2032)
- SECTION 11 - GLOBAL AUTOMOTIVE MOTORS MARKET, BY APPLICATION
- 11.1 Application Summary
- 11.2 Market Attractive Index
- 11.3 Global Automotive Motors Market, by Application (2019-2032)
- SECTION 12 - GLOBAL AUTOMOTIVE MOTORS MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Automotive Motors Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA AUTOMOTIVE MOTORS MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Automotive Motors Market, by Motor type (2019-2032)
- 13.4 North America Automotive Motors Market, by Function (2019-2032)
- 13.5 North America Automotive Motors Market, by Vehicle type (2019-2032)
- 13.6 North America Automotive Motors Market, by Electric vehicle type (2019-2032)
- 13.7 North America Automotive Motors Market, by EV motor type (2019-2032)
- 13.8 North America Automotive Motors Market, by Application (2019-2032)
- 13.9 North America Automotive Motors Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE AUTOMOTIVE MOTORS MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Automotive Motors Market, by Motor type (2019-2032)
- 14.4 Europe Automotive Motors Market, by Function (2019-2032)
- 14.5 Europe Automotive Motors Market, by Vehicle type (2019-2032)
- 14.6 Europe Automotive Motors Market, by Electric vehicle type (2019-2032)
- 14.7 Europe Automotive Motors Market, by EV motor type (2019-2032)
- 14.8 Europe Automotive Motors Market, by Application (2019-2032)
- 14.9 Europe Automotive Motors Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC AUTOMOTIVE MOTORS MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Automotive Motors Market, by Motor type (2019-2032)
- 15.4 Asia-Pacific Automotive Motors Market, by Function (2019-2032)
- 15.5 Asia-Pacific Automotive Motors Market, by Vehicle type (2019-2032)
- 15.6 Asia-Pacific Automotive Motors Market, by Electric vehicle type (2019-2032)
- 15.7 Asia-Pacific Automotive Motors Market, by EV motor type (2019-2032)
- 15.8 Asia-Pacific Automotive Motors Market, by Application (2019-2032)
- 15.9 Asia-Pacific Automotive Motors Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA AUTOMOTIVE MOTORS MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Automotive Motors Market, by Motor type (2019-2032)
- 16.4 South America Automotive Motors Market, by Function (2019-2032)
- 16.5 South America Automotive Motors Market, by Vehicle type (2019-2032)
- 16.6 South America Automotive Motors Market, by Electric vehicle type (2019-2032)
- 16.7 South America Automotive Motors Market, by EV motor type (2019-2032)
- 16.8 South America Automotive Motors Market, by Application (2019-2032)
- 16.9 South America Automotive Motors Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA AUTOMOTIVE MOTORS MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Automotive Motors Market, by Motor type (2019-2032)
- 17.4 Middle East and Africa Automotive Motors Market, by Function (2019-2032)
- 17.5 Middle East and Africa Automotive Motors Market, by Vehicle type (2019-2032)
- 17.6 Middle East and Africa Automotive Motors Market, by Electric vehicle type (2019-2032)
- 17.7 Middle East and Africa Automotive Motors Market, by EV motor type (2019-2032)
- 17.8 Middle East and Africa Automotive Motors Market, by Application (2019-2032)
- 17.9 Middle East and Africa Automotive Motors Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Automotive Motors Market, Company Share Analysis
- 18.2 North America Automotive Motors Market, Company Share Analysis
- 18.3 Europe Automotive Motors Market, Company Share Analysis
- 18.4 Asia-Pacific Automotive Motors Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 BorgWarner Inc
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Buhler Motor GmbH
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Continental AG
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 DENSO CORPORATION
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Inteva Products, LLC
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Johnson Electric Holdings Limited
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Magna International Inc.
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Marelli Holdings Co., Ltd.
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Robert Bosch GmbH
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Valeo
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.