ID: MRFR/AM/2141-HCR | 111 Pages | Author: Swapnil Palwe | May 2023
Automotive Electric Motors Market is expected to be valued at USD 1,760 Million with a CAGR of 5.9% Forecast by 2030
Automotive electric motors market is expected to grow USD 1,760 million at a CAGR of around 5.9 % during the period 2022 to 2030.
Automotive Electric motors are devices embedded in the automotive which works on the electro-magnetic induction principle by ensuring conversion of electrical energy into mechanical energy. The Automotive electric motors market is majorly driven by the increasing adoption of electric vehicles across the globe. The electric motors embedded in the automotive facilitate certain benefits to automotive which include longer operating life, low maintenance for the fluctuating voltages and the low consumption of energy. The electric motors are capable of being integrated with controls and gearing which make it more suitable for use in automotive.
Asia-Pacific is expected to dominate the automotive electric motors market owing to the boom in the manufacturing industries including the automotive manufacturers in the region. The constant up gradation of automobile manufacturing sector and the increasing emphasis of adoption of energy efficient electric motors in various automotive in the region is expected to contribute to the growth of the automotive electric motors market in the region. Developed nations such as North America and Europe are becoming aware for the use of efficient electric motors in the automotive and have increased adoption of electric motors owing to increased energy efficiency and the low cost of electric motors.
Product matrix which gives a detailed comparison of the market for different recycled product types
Geographical analysis across 15 countries
Profiling of 10 key market players
In-depth analysis including SWOT analysis, and strategy information of related to report title
|Market Size||2030 : USD 1,760 Million|
|CAGR||5.9% CAGR (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||installation position and function|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Robert Bosch GmbH (Germany), Chengdu Huachuan Electric Parts Co.,Ltd. (China), Chongqing Bright Industry Group Co., Ltd.(China), Hubei Shendian Auto Motor Co., Ltd. (China), Jinzhou Halla Electrical Equipment Co., Ltd. (China), Johnson Electric International AG (Hong Kong), Mitsubishi Electric Corporation (Japan), Shanghai Valeo Automotive Electrical Systems Co., Ltd. (China), Shanghai Valeo Automotive Motor & Wiper Systems Co., Ltd.(China), Taizhou ValeoWenling Automotive Systems Co., Ltd. (China)|
|Key Market Opportunities||To provide insights about factors affecting the market growth|
|Key Market Drivers||The factor of rising adoption of electric vehicles across the globe|
USD 1,760 Million by 2030 at a CAGR of 5.9% over the forecast period for Automotive Electric Motors market.
Robert Bosch GmbH, Chengdu Huachuan Electric Parts Co.,Ltd., Chongqing Bright Industry Group Co., Ltd, Hubei Shendian Auto Motor Co., Ltd., Jinzhou Halla Electrical Equipment Co., Ltd., Johnson Electric International AG, Mitsubishi Electric Corporation, Shanghai Valeo Automotive Electrical Systems Co., Ltd, Shanghai Valeo Automotive Motor & Wiper Systems Co., Ltd, Taizhou ValeoWenling Automotive Systems Co., Ltd.
Asia-Pacific would be leading the automotive electric motors market in the forecast period.
The Automotive electric motors market is driven by the factor of rising adoption of electric vehicles across the globe.
Automotive Electric Motors Market some important categories installation position, function, Region - Forecast to 2030
Key Questions Answered
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