Global Automotive Motors Market to Reach $34.4 Billion by 2022: Analysis By Product, Vehicle, Application, EV, Traction Motor by EV, and Region
DUBLIN, August 3, 2017 /PRNewswire/ --
The "Automotive Motors Market by Product, Vehicle, Application, EV, Traction Motor by EV, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The automotive industry is currently under immense pressure to adapt to technological advances and changing end-user preferences. Presently, with continuous developments in technology, automobile manufacturers are focusing on manufacturing efficient automotive motors for various systems. The rising demand for safety features and convenience, along with the growing production volume of vehicles are the key factors that will drive the automotive motors market.
The automotive motors market, by value, is projected to grow at a CAGR of 6.02% during the forecast period, to reach USD 34.48 Billion by 2022. The global automotive motors market is segmented by region, product type, application type, vehicle type, and electric vehicle type.
The global automotive motors market, by product type, is estimated to be dominated by DC brushed motors, followed by DC brushless motors and Stepper motors. DC brushed motors are estimated to have the largest share of the automotive motors market in the next five years. Factors such as simple usage and low cost will drive the demand for DC brushed motors.
In terms of growth, the market for DC brushless motors is estimated to grow at the highest rate, followed by DC brushed motors and stepper motors. On the basis of application type, the global automotive motors market is segmented into performance motors, comfort motors, and safety motors. The market for comfort motors is projected to grow at the highest CAGR during the forecast period.
The global automotive motors market, by vehicle type, is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is estimated to account for the largest share of the automotive motors market in 2017, followed by light commercial vehicles (LCV) and heavy commercial vehicles (HCV).
On the basis of electric vehicle type, the automotive motors market is segmented into Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), and Battery Electric Vehicle (BEV). HEV is estimated to account for the largest share of the automotive motors market among the electric vehicle types and is expected to remain predominant during the forecast period. Also, in terms of growth, PHEV is projected to grow at the highest CAGR, followed by BEV and HEV, respectively. Increasing government support for green vehicles is propelling the demand for electric vehicles, which, in turn, is increasing the demand for automotive motors.
Companies Mentioned
- Borgwarner Inc.
- Brose
- Buhler Motor
- Calsonic Kansei Corporation
- Continental AG
- Denso Corporation
- IFB Automotive
- Johnson Electric Holdings Limited
- Mabuchi Motors Co. Ltd
- Magna International
- Mahle GmbH
- Mitsuba Corporation
- Mitsubishi Electric Corporation
- Nidec Corporation
- Ricardo
- Robert Bosch GmbH
- Siemens Ag
- Valeo Sa
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Motors Market, By Product Type
7 Automotive Motors Market, By Electric Vehicle Type
8 Automotive Motors Market, By Vehicle Type
9 Automotive Motors Market, By Application
10 Automotive Traction Motor Market, By Electric Vehicle Type
11 Automotive Motors Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/tdnwnc/automotive_motors
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Share this article