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Automotive Motors Market by Product, Vehicle, Application, EV, Traction Motor by EV and Region - Global Forecast to 2022

Automotive Motors Market: Global Forecast until 2022

  • July 2017
  • 171 pages
  • ID: 5043161
In this report:
According to MarketsandMarkets analysis, the production of vehicles is estimated to reach approximately ##.## million units by 2022 at a CAGR of ##.##%, owing to increase in disposable income, high demand in developing countries, and other factors.
As shown in the figure, the overall global vehicle production (including PC, HCV, and LCV) is estimated to be ##.## million units in 2017 and is projected to reach ##.## million units by 2022 at a CAGR of ##.##%.


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"Increasing safety norms for vehicles in developed regions, improving socioeconomic conditions in developing regions, and increasing demand for fuel-efficient and eco-friendly vehicles across the world to fuel the industry demand for automotive motors"

The overall automotive motors market is estimated to rise at a compound annual growth rate of ~6.0 percent between 2017 and 2022, to attain ~$34.5B by 2022. The main factors responsible for the increase ot the market contain increasing electrification of vehicles and the mandatory usage of safety technologies including electronic stability control and antilock braking systems in passenger cars in developed regions including Europe and North America continent. Nevertheless, electric vehicles need less number of motors, which may pose a challenge to the rise of the automotive motors market.

"Comfort motors are projected to show important rise potential"

The comfort motors market is forecasted to grow at the maximal rate during the outlook period. The market rise of comfort motors can be accredited to the growing demand for comfort applications including HVAC systems, power windows, and electric power steering in vehicles. Performance motors are expected to have the most important share of the automotive motors market in the upcoming five years. This can be connected to the rising vehicle production across the world.

"Growing demand for safety and comfort features in vehicles would drive the automotive motors market in Asia-Pac region"

APAC is expected to account for the biggest share, by value and quantity, of the automotive motors market in 2017. In terms of increase, the APAC market is expected to grow at the highest compound annual growth rate (CAGR). Developing economies including China and India (IN) are anticipated to play a main role on the backdrop of growing vehicle production. Also, rising installation of upgraded technology features including anti-lock braking system and brake assist is likely to add to the demand for automotive motors.

The market research includes insights of several industry experts, ranging from component suppliers to Tier 1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category: Tier 1 - 42.0 percent, Tier 2 - 26.0 percent, Tier 3 32.0 percent

• By Description: C-suite - 42.0 percent, D-suite - 26.0 percent, Others - 32.0 percent

• By Area: North America (NA) - 38.0 percent, EU - 22.0 percent, Asia-Pac - 30.0 percent, RoW - 10.0 percent

Segment Research

The document breaks down the automotive motors market and forecasts its size, by quantity and value, on the basis of area (Asia Pacific (APAC), Europe (EU), North America continent, and RoW), application type (safety motors, comfort motors, performance motors), vehicle type (passenger cars, LCV, and HCV), motors type (DC brushed, DC brushless, stepper), electric vehicle by traction motor (BEV, HEV, PHEV) and electric vehicle type (BEV, HEV, PHEV).

Why Purchasing This Study Can Help You:

This industry report includes different levels of study, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the emerging and high increase segments of the automotive motors market, opposing landscape, high increase regions and territories, government actions, and market dynamics including drivers, market restraints, alternatives, and opportunities.

The study allows new sector entrants and smaller companies to comprehend the industry better to help them acquire a larger market share. Companies obtaining the analysis could use any one or an aggregation of the below-mentioned four strategies (industry development, product improvement/innovative projects, industry diversification, and opposing assessment) to enhance their rank in the sector.

The market research offers business insights into the following parts:

• business entry: The industry report affords Exhaustive information about the automotive motors market and the most important 12 market actors in the industry.

• Product Development/Innovative products: The study offers in-depth understanding into up-on-coming technologies and recent product launches in the automotive motors market.

• Market Development: The analysis examines the sector for automotive motors across localities and offers highlighted information about profitable emerging sectors.

• industry diversification: The market research offers complete information about recent products, untapped regional sectors, recent evolutions, and market investments in the automotive motors market.

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