Global Passenger Vehicle Motor Market Overview:
The motors don’t start and stop on their own. Like many other automotive components that are controlled by Electronic Control Units (ECU), there are also motor control systems to drive a motor. Many safety as well as comforting features in a vehicle, require Electric Motors. Depending on the applications, there are primarily 3 types of motors that are widely used in the vehicles that are brushed DC motors, brushless DC motor and AC induction motor. Increasing demand for automobile is driving the passenger vehicle motors.
Growth Drivers
- Growing Demand from Automotive Industry
- Increasing Demand for Electric Vehicles
Market Trends
- Technological Development in Vehicle Motor
Roadblocks
Opportunities
- Rising Demand for Improving the Driving Range
Challenges
- Economy Slowdown will affect the Market Growth
Competitive Landscape:
Some of the key players profiled in the report are Robert Bosch GmbH (Germany), Siemens AG (Germany), Borgwarner Inc. (United States), Continental AG (Germany), Denso Corporation (Japan), Johnson Electric Holdings Ltd. (Hong Kong), Magna International (Canada), Mahle Group (Germany), Mitsubishi Electric Corporation (Japan), Mitsuba Corporation (Japan) and Nidec Corporation (Japan). Additionally, following companies can also be profiled that are part of our coverage like Magna International (Canada), Valeo S.A. (France), PMP Auto Components Pvt. Ltd. (India) and REIL Electricals India Limited (India). Analyst at AMA Research see Japanese Vendors to retain maximum share of Global Passenger Vehicle Motor market by 2026. Considering Market by Vehicle Type, the sub-segment i.e. Passenger Cars will boost the Passenger Vehicle Motor market. Considering Market by Sales Channel, the sub-segment i.e. OEMs will boost the Passenger Vehicle Motor market.
On August 22, 2019 - BorgWarner has launched a New AWD Coupling Brushless DC Motor. The latest generation of BorgWarner’s all-wheel drive (AWD) coupling has been optimized with a compact brushless direct current (BLDC) motor and highly integrated electronics.
What Can be Explored with the Passenger Vehicle Motor Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Passenger Vehicle Motor Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Passenger Vehicle Motor
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Passenger Vehicle Motor market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Passenger Vehicle Motor market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Vehicle Motor, Suppliers of Vehicle Motor, Wholesalers, Distributors and Retailers of Vehicle Motor, Automotive Industry, Automotive Component Manufacturer and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.