Global Automotive Motors
Market Report
2024
The global automotive motors market size is USD 24.2 billion in 2024. The automotive motors market will show strongest growth with a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. We are increasing demand for electric vehicles (EVs) driven by environmental concerns and government regulations aimed at reducing emissions.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Motors Market Sales Revenue 2030 | $ 52.79 Billion |
Global Automotive Motors Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.99% |
Market Split by Motor Type |
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Market Split by Vehicle Type |
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Market Split by Electric Vehicle Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Automotive Motors Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
These electromechanical devices are utterly essential when it comes to their role in enabling all of the systems that can be found inside a car. Markets for various automotive motors have been generally growing. This mirage of cramming ever more powerful boxes into ever smaller spaces Is something that companies like Daimler and its subsidiary partners, As well as other car manufacturers, try to avoid with, the increasing requirements for electric and hybrid vehicles brought on by concerns about emissions causing people who make cars In strong drive after upgrading vehicle efficiency, performance and comfort For innovative drive solution applications to keep pace as automotive manufacturers enhance vehicle efficiency and performance, the demand for innovative drive solutions is rising, putting a fresh face on the dynamics of the automotive motors industry with an upward slant towards increasing voltage levels whilst continuing to optimize efficiency.
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In May 2022, ZF's patented SiC-based scalable and modular inverter architecture gives customers the flexibility of operating between 400 and 800 volts, based on the very latest silicon dicarbide technologies. This inverter architecture combines high-performance next-gen power semiconductors with especially intelligent software algorithms. It draws on ZF's long experience in electric drives background to improve efficiency, boost output and shorten development time. (Source:https://press.zf.com/press/en/releases/release_38272.html)
Top Companies Market Share in Automotive Motors Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. In 2024, North America is still clearly dominant in the world motor market for car motors. With a robust automotive industry, technological innovation, and increasing demands for electric vehicles (EVs), this region has a significant proportion of motor production and usage. The United States continues as one of the most important of all players. It not only has well-established infrastructure in manufacturing, but it also focuses strongly on electric and hybrid vehicles. In addition, Canada and Mexico contribute to the region's dominance with strategic partnerships and joint efforts. North American leadership in automotive motors is further affirmed by its commitment to sustainability, which drives the deployment of efficient and eco-friendly motor technologies throughout the continent.
The Asia Pacific region has become the fastest growing market for automotive motors, with a deep development trajectory since it first came into high gear. There are several reasons behind this rapid expansion. Firstly, demand in the automotive industry of countries like China and India has sucked up a variety of different motor types for different parts of cars. In addition, government policies to promote electric and hybrid vehicles combined with increasing awareness of environmental issues among consumers are prompting people to look advanced motor technologies. Also, strong manufacturing and technological innovation in the region are adding impetus to the development and production of reliable automotive motors.
The current report Scope analyzes Automotive Motors Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Automotive Motors Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Motors Industry growth. Automotive Motors market has been segmented with the help of its Motor Type, Vehicle Type Electric Vehicle Type, and others. Automotive Motors market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Automotive Motors market.
Motor Type of Automotive Motors analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Motors Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Motors from 2019 to 2031. This will also help to analyze the demand for Automotive Motors across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Vehicle Type of Automotive Motors are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to cognitive market research, Electric Power Steering (EPS) segment dominate the market. Electric Power Steering systems powered by motors have become increasingly prevalent in modern vehicles due to their efficiency, precision, and adaptability. EPS improves vehicle response, handling, and fuel efficiency while reducing the mechanical complexity that comes with traditional hydraulic systems. As automotive manufacturers put safety, comfort, and performance first, EPS has also become a vital technology driving development in the automotive industry. Its extensive use on various models of vehicles gives it a commanding position in the automotive motors market.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Motors Market is witnessing significant growth in the near future.
In 2023, the Brushed segment accounted for noticeable share of global Automotive Motors Market and is projected to experience significant growth in the near future.
The Passenger Car segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Bosch (Germany), BorgWarner (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Motor Type | Brushed, Brushless, Stepper |
Vehicle Type | Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle |
Electric Vehicle Type | Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV) |
Application | Power Antenna Motor, Alternator, Electric Parking Brake, Fuel pump Motor, Sunroof Motor, Wiper Motor, Starter Motor, Electric Power Steering, Engine Cooling Fan |
List of Competitors | Bosch (Germany), Denso (Japan), BorgWarner (US), ZF Group (Germany), Continental AG (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Automotive Motors. Further deep in this chapter, you will be able to review Global Automotive Motors Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Motor Type Analysis 2019 -2031, will provide market size split by Motor Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Motor Type Analysis 2019 -2031
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Chapter 11 Market Split by Vehicle Type Analysis 2019 -2031
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Chapter 12 Market Split by Electric Vehicle Type Analysis 2019 -2031
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Chapter 13 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Motors market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Brushed have a significant impact on Automotive Motors market? |
What are the key factors affecting the Brushed and Brushless of Automotive Motors Market? |
What is the CAGR/Growth Rate of Passenger Car during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Motors Market? |
Which region is expected to dominate the global Automotive Motors Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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