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Press Release:

Global Automotive Motors Market to Reach US$ 49.4 Billion by 2027, Impelled by Significant Growth in Automotive Sector

COVID-19
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Automotive Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automotive motors market reached a value of US$ 35.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 49.4 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

An automotive motor refers to a machine used in vehicles that convert electrical energy into mechanical energy. It consists of a rotator, stator, encoder, conducting wire, amplifier and frame. Brushless direct current (DC), traction, stepper and DC brushed are some of the commonly used automotive motors. They are widely used in passenger cars, battery electric vehicles (BEV), two-wheelers, heavy commercial vehicles (HCVs), plug-in hybrid electric vehicles (PHEV) and hybrid electric vehicles (HEV) for enhancing performance, safety, comfort, convenience and security. Automotive motors generate more power, have higher thermal efficiency and are cost-effective. As a result, these motors are commonly incorporated in power window motors, seat cooling fans, sunroof, alternators, wiper systems, power steering motors, exhaust gas recirculation (EGR) and anti-lock brake systems.

 

 
 

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Automotive Motors Market Trends:

The increasing demand for safety and convenience features in vehicles is driving the growth of the market. Automotive motors are widely used in advanced infotainment systems, heads-up displays, central controllers, anti-lock braking systems and gesture control systems. Moreover, the widespread adoption of brushed direct current (DC) motors due to their numerous advantages, such as easy speed control, cost-effectiveness, and high power, is also favoring the market growth. Apart from this, various product innovations, such as the introduction of compact and high-efficiency automotive motors that assist in simplified production processes and minimum wastes, are providing a considerable boost to the market growth. Additionally, the increasing demand for electric vehicles (EVs) across the globe due to the rising environmental consciousness and the rising emphasis on the utilization of renewable energy is positively impacting the market growth. Other factors, including the introduction of smart automotive motors for performing complex operations and increasing expenditure capacities of consumers, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive motors market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on motor type, vehicle type, sales channel and application.

Breakup by Motor Type:

 

 
 

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  • Brushed DC Motor
  • Brushless DC Motor
  • Stepper Motor
  • Traction Motor
     

Breakup by Vehicle Type:

  • Electric Vehicle
    • BEV
    • PHEV
  • Non-Electric Vehicle
    • Passenger
    • LCV
    • HCV
       

Breakup by Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket
     

Breakup by Application:

  • Safety
  • Comfort
  • Performance
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BorgWarner Inc., Brose Fahrzeugteile SE & Co. KG, Bühler Motor GmbH, Continental AG, Johnson Electric Holdings Limited, Mabuchi Motor Co. Ltd., MAHLE GmbH, MITSUBA Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Ricardo PLC, Robert Bosch GmbH, Siemens AG and Valeo.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Motor Type, Vehicle Type, Sales Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BorgWarner Inc., Brose Fahrzeugteile SE & Co. KG, Bühler Motor GmbH, Continental AG, Johnson Electric Holdings Limited, Mabuchi Motor Co. Ltd., MAHLE GmbH, MITSUBA Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Ricardo PLC, Robert Bosch GmbH, Siemens AG and Valeo.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global automotive motors market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive motors market?
  • What are the key regional markets?
  • What is the breakup of the market based on the motor type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the sales channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive motors market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive Motors Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Motor Type
    6.1    Brushed DC Motor
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Brushless DC Motor
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Stepper Motor
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Traction Motor
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Vehicle Type
    7.1    Electric Vehicle
        7.1.1 Market Trends
        7.1.2 Key Segments
           7.1.2.1 BEV
           7.1.2.2 PHEV
        7.1.3 Market Forecast
    7.2    Non-Electric Vehicle
        7.2.1 Market Trends
        7.2.2 Key Segments
           7.2.2.1 Passenger
           7.2.2.2 LCV
           7.2.2.3 HCV
        7.2.3 Market Forecast
8    Market Breakup by Sales Channel
    8.1    Original Equipment Manufacturer (OEM)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aftermarket
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Safety
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Comfort
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Performance
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    BorgWarner Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Brose Fahrzeugteile SE & Co. KG
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Bühler Motor GmbH
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Continental AG
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Johnson Electric Holdings Limited
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Mabuchi Motor Co. Ltd.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    MAHLE GmbH
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 SWOT Analysis
        15.3.8    MITSUBA Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    Mitsubishi Electric Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Nidec Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Ricardo PLC
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
        15.3.12    Robert Bosch GmbH
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 SWOT Analysis
        15.3.13    Siemens AG
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis
        15.3.14    Valeo
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio
           15.3.14.3 Financials
           15.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Automotive Motors Market: Major Drivers and Challenges
Figure 2: Global: Automotive Motors Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automotive Motors Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automotive Motors Market: Breakup by Motor Type (in %), 2021
Figure 5: Global: Automotive Motors Market: Breakup by Vehicle Type (in %), 2021
Figure 6: Global: Automotive Motors Market: Breakup by Sales Channel (in %), 2021
Figure 7: Global: Automotive Motors Market: Breakup by Application (in %), 2021
Figure 8: Global: Automotive Motors Market: Breakup by Region (in %), 2021
Figure 9: Global: Automotive Motors (Brushed DC Motor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Automotive Motors (Brushed DC Motor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Automotive Motors (Brushless DC Motor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Automotive Motors (Brushless DC Motor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Automotive Motors (Stepper Motor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Automotive Motors (Stepper Motor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Automotive Motors (Traction Motor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Automotive Motors (Traction Motor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Automotive Motors (Electric Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Automotive Motors (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Automotive Motors (Non-Electric Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Automotive Motors (Non-Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Automotive Motors (Original Equipment Manufacturer (OEM)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Automotive Motors (Original Equipment Manufacturer (OEM)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Automotive Motors (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Automotive Motors (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Automotive Motors (Safety) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Automotive Motors (Safety) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Automotive Motors (Comfort) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Automotive Motors (Comfort) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Automotive Motors (Performance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Automotive Motors (Performance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Automotive Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Automotive Motors Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Automotive Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Automotive Motors Industry: SWOT Analysis
Figure 81: Global: Automotive Motors Industry: Value Chain Analysis
Figure 82: Global: Automotive Motors Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automotive Motors Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Motors Market Forecast: Breakup by Motor Type (in Million US$), 2022-2027
Table 3: Global: Automotive Motors Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 4: Global: Automotive Motors Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 5: Global: Automotive Motors Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Automotive Motors Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Automotive Motors Market: Competitive Structure
Table 8: Global: Automotive Motors Market: Key Players


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Key Questions Answered in This Report

The global automotive motors market was valued at US$ 35.7 Billion in 2021.

We expect the global automotive motors market to exhibit a CAGR of 5.20% during 2022-2027.

The introduction of smart, compact, and highly efficient automotive motors for simplified production processes, minimum wastes, easy speed control, etc., is primarily driving the global automotive motors market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units for automotive motors.

Based on the motor type, the global automotive motors market has been divided into brushed DC motor, brushless DC motor, stepper motor, and traction motor. Among these, brushed DC motor exhibits a clear dominance in the market.

Based on the vehicle type, the global automotive motors market can be categorized into electric vehicle and non-electric vehicle, where non-electric vehicle holds the majority of the global market share.

Based on the sales channel, the global automotive motors market has been segmented into Original Equipment Manufacturer (OEM) and aftermarket. Currently, aftermarket channel represents the largest market share.

Based on the application, the global automotive motors market can be bifurcated into safety, comfort, and performance. Among these, comfort accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global automotive motors market include BorgWarner Inc., Brose Fahrzeugteile SE & Co. KG, Bühler Motor GmbH, Continental AG, Johnson Electric Holdings Limited, Mabuchi Motor Co. Ltd., MAHLE GmbH, MITSUBA Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Ricardo PLC, Robert Bosch GmbH, Siemens AG, and Valeo.

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