The global adoption of electric cars drives the automotive electric motors industry. Automotive electric motors have longer lifespans, minimal voltage maintenance, and low energy use. Electric motors may be coordinated with controls and equipment, making them more automotive-friendly.Mechanical advances, administrative changes, and customer preferences are changing Automotive Electric Motors market trends. Recently, electric vehicles (EVs) have gained popularity, increasing interest in automotive electric motors. The growing emphasis on manageability and natural cognizance is encouraging customers and legislators to support greener transportation solutions.
Advances in electric engine technology are changing the car industry. Electric motor manufacturers are working hard to improve productivity, power thickness, and performance. This development is improving electric car energy efficiency and creating lighter engine structures. Automotive electric motors are increasingly essential elements to boost energy productivity and EV range.
The Automotive Electric Motors Market is heavily impacted by unofficial legislation. Many nations have strict discharge rules and incentives for electric vehicle use. These administrative steps are encouraging automakers to include electric motors into their car lineups, growing the market. The growing emphasis on sustainable transportation is also encouraging manufacturers to research and invest in electric engine developments.
Automotive Electric Motors market trends are driven by cost reduction. The company is experiencing lower costs for building electric vehicles and their parts, including electric motors. This cost reduction is due to economies of scale, cycle advances, and electric engine maker competition. As electric vehicles become more affordable, the industry will likely see a surge in client demand, boosting automotive electric engine development.
The automobile industry is increasingly coordinating efforts and organizations to exploit each other's strengths in the electric car environment. OEMs, innovation companies, and electric engine manufacturers are working together to develop integrated and efficient electric drive systems. These coordinated initiatives aim to accelerate progress, reduce development timeframes, and collaborate on electric car reception issues.
Overall, mechanical advances, administrative forces, and changing consumer preferences are transforming the Automotive Electric Motors Market. The business patterns reflect an effort to create sustainable and productive transportation arrangements. As electric vehicles gain popularity, demand for high-performance and smart automotive electric motors will shape the automotive industry."
Covered Aspects:
Report Attribute/Metric |
Details |
Base Year For Estimation |
  2021 |
Historical Data |
2019 & 2020 |
Forecast Period |
  2022 to 2030 |
Growth Rate |
(2022 to 2030 |
Automotive Electric Motors Market Highlights:
Automotive Electric Motors Market Scenario
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. Â The electric motors are capable of being integrated with controls and gearing which make it more suitable for use in automotive.
Study Objectives of Automotive Electric Motors Market:
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global Automotive electric motors market
- To provide insights about factors affecting the market growth
- To analyze the global Automotive electric motors market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by installation position, function and region
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Automotive electric motors market.
Key Players:
The key players of Automotive electric motors market areÂ
- Robert Bosch GmbH (Germany),Â
- Chengdu Huachuan Electric Parts Co.,Ltd. (China),Â
- Chongqing Bright Industry Group Co., Ltd.(China),Â
- Hubei Shendian Auto Motor Co., Ltd. (China),Â
- Jinzhou Halla Electrical Equipment Co., Ltd. (China),Â
- Johnson Electric International AG (Hong Kong),Â
- Mitsubishi Electric Corporation (Japan),Â
- Shanghai Valeo Automotive Electrical Systems Co., Ltd. (China),Â
- Shanghai Valeo Automotive Motor & Wiper Systems Co., Ltd.(China),Â
- Taizhou ValeoWenling Automotive Systems Co., Ltd. (China)Â
- others.
Market Segmentation:
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The report for automotive electric motors market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.Regional Analysis:Â
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.
Intended Audience:
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
Product Analysis:
Product matrix which gives a detailed comparison of the market for different recycled product types
Regulatory Landscape
Pricing Analysis
Macroeconomic Indicators
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
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