About Automotive Motor
Automotive motor vehicles are often identified within a number of vehicle classes including cars, buses, regular trucks, motorcycles, off-road vehicles, light trucks and others. The demand for the automotive motor market has increased, due to the increase in passenger vehicle sales. For instance, according to an article published by India Brand Equity Foundation, In FY19, the passenger vehicle sales crossed the 3.37 million units in India and is further expected to upsurge to 10 million units by FY20. Furthermore, the Production of passenger vehicles rose 2.8%. Therefore, this can be attributed to the expected growth in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global automotive motor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Automotive Motor market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch GmbH (Germany), Continental AG (Germany), Nidec Corporation (Japan), Johnson Electric Holdings Ltd. (Hong Kong), Denso Corporation (Japan), Mitsuba Corporation (Japan), Brose Fahrzeugteile GmbH & Co. KG (Germany), Johnson Electric (Hong Kong) and Nidec Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mabuchi Motor (Japan), Mahle GmbH (Germany), S&T Motiv Co., Ltd (South Korea), Remy International, Inc. (United States), BuHLER Motor (Germany), Shihlin Electric (Taiwan) and Jinzhou Hanna Electrical Equipment Co.,Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Motor market by Type (DC motors {Brushed DC Motor, Brushless DC Motor} and AC motor {Synchronous, Induction}) and Region.
On the basis of geography, the market of Automotive Motor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Motor Voltage, the sub-segment i.e. 100-200 V will boost the Automotive Motor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Types of Vehicles, the sub-segment i.e. Passenger Cars will boost the Automotive Motor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advanced in Automotive Motor
Market Growth Drivers:
Rising Demand for Passenger Car Will Affect the Growth of the Market in the Future and An upsurge in the Upper-Middle-Class Income
Challenges:
High Cost of Raw Material
Restraints:
Stringent Rules as well as Regulation
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In October 2022, Johnson Electric acquired an 80% stake in Pendix GmbH, an established technology-based market player in the e-bike industry. Headquartered in Zwickau, Germany, Pendix designs, manufactures, and markets fully electric cargo bikes and electric drives for bicycles. Pendix's products combine the best of innovation with a very high level of product reliability.
In May 2023, DENSO CORPORATION, a leading mobility provider, and United Semiconductor Japan Co., Ltd., a subsidiary of global semiconductor foundry United Microelectronics Corporation, teamed up to produce insulated-gate bipolar transistors, which have entered mass production in a 300mm fab. USJC. The first shipping ceremony was held today to mark this important milestone. It comes just over a year after the two companies announced a strategic partnership on this important power semiconductor used in electric vehicles.
According to the Society of Indian Automobile Manufacturers (SIAM), “India has currently more than 70% safety regulations which are either partially or fully technically aligned with GTRs and UN Regulations while retaining Indian specific driving and environmental conditions”.
Key Target Audience
Automotive Motor Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.