The global automotive motors market is projected to reach USD 25,719 million by 2025 from USD 20,321 million in 2020, at a CAGR of 4.8%.
The advent of fuel-efficient technology will have a significant impact on hybrid electric and battery electric vehicles, which, in turn, will drive the automotive motors market.
The focus of automobile manufacturers has shifted from fuel efficiency, performance, driver safety, and stability of the vehicle to additional features such as vehicle connectivity and electrification of functions. This change in focus has created a massive opportunity for traction, induction, and brushless motors. Increasing consumer focus on driving comfort will encourage OEMs to include more automotive motors for proper functioning. More automotive motors supporting all features in the mid and lower segment vehicles would boost the demand for during the forecast period. Such initiatives could pose a major revenue opportunity for automotive motors manufacturers.
The increasing electric power steering application would drive the automotive motors market in the forecast.
Electric power steering motor accounts for the largest market. The growing adoption of these motors can be attributed to the demand for safety and convenience. Currently, safety and convenience features are not limited to premium vehicles but are also provided in mid-level and entry-level vehicles. Thus, the adoption of comfort systems such as power steering is fostering the requirement for automotive electric power steering motors. Apart from this, the penetration of electric power steering motors is not only limited to passenger cars but also increasing in commercial vehicles as well.
The Asia Pacific is expected to be the largest and the fastest-growing market during the forecast period
The Asia Pacific region is projected to account for the largest share of the global automotive motors market during the forecast period. Implementing new technologies, setting up more manufacturing plants, and creating a value-added supply chain between the manufacturers and material providers have created a vast opportunity for growth of the automotive motors market in the region. Companies such as Aisin Seiki, Denso, Johnson Electric, Mitsubishi, Hitachi, and Mikuni have a dominant presence in the region. The automotive industry in the Asia Pacific is expected to see significant growth in the next few years. The automotive motors market is expected to grow proportionally to the regional automotive market.
Moreover, the rising adoption of EVs in the Asia Pacific is expected to drive the production of automotive motors. In Asia Pacific countries, attractive government incentives to popularize electromobility and increased investments by automakers are expected to drive the market.
North America is expected to be the second-fastest market in the forecast period
The North American automotive industry is one of the fastest-growing sectors globally. High adoption of LCVs and the electrification of automotive applications in the US market mainly influence the North American automotive industry. The political conditions in the US directly affect the North American auto sector. The leading market players such as Infineon, Cummins, Gates Corporation, and TI Automotive in the automotive motors market are based in the US. As the US is the largest market for premium cars in North America, it is also the largest market for advanced automotive motors. The OEMs in North America have focused on the development of fuel-efficient vehicles to meet federal fuel-efficiency mandates. Furthermore, several OEMs are planning to set up new production facilities in Mexico and Canada, which, in turn, would drive the demand for automotive motors.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Automotive Motors Market to Grow at Significant Rate during the Forecast Period (2020-2025) 4.2 Asia Pacific Estimated to Lead the Global Market in 2020 4.3 Global Automotive Motors Market, by Vehicle Type and Function 4.4 Automotive Motors Market, by Function 4.5 Automotive Motors Market, by Motor Type 4.6 Automotive Motors Market, by Vehicle Type 4.7 Automotive Motors Market, by Electric Vehicle Type 4.8 Automotive Motors Market, by Electric Vehicle Motor Type 4.9 Automotive Motors Market, by Application Type
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 126.96.36.199 Increasing Focus on Comfort Features 188.8.131.52 Rising Demand for Safety and Convenience 184.108.40.206 Rise in Demand for Advanced Automation Systems 220.127.116.11 Growing Demand for Electric Vehicles 5.2.2 Restraints 18.104.22.168 Weight and Cost Reduction 5.2.3 Opportunities 22.214.171.124 Wide Number of Applications Employing Electric Motors 126.96.36.199 Electrification of Commercial Vehicles 188.8.131.52 Demand for Luxury Vehicles 5.2.4 Challenges 184.108.40.206 Fluctuating Prices of Raw Materials 5.2.5 Impact of Market Dynamics 5.3 Revenue Missed: Opportunities for Automotive Motors Manufacturers 5.4 Porter'S Five Forces 5.4.1 Threat of New Entrants 220.127.116.11 Presence of Well-Established Players Makes the Threat of New Entrants Low 5.4.2 Threat of Substitutes 18.104.22.168 Technological Advancements Act As Influencing Factors 5.4.3 Bargaining Power of Suppliers 22.214.171.124 Low Supplier Concentration & Product Differentiation Keep the Bargaining Power of Suppliers in Check 5.4.4 Bargaining Power of Buyers 126.96.36.199 Supplier Concentration Decreases the Bargaining Power of Buyers 5.4.5 Intensity of Competitive Rivalry 188.8.131.52 Well Established Players & Long Term Contracts Limit the Competition 5.5 Technology Analysis 5.5.1 Introduction 5.5.2 High-Power Electric Motors 5.5.3 Induction Motors 5.6 Value Chain Analysis 5.7 Ecosystem Analysis 5.8 Average Selling Pricing Analysis 5.9 Tariff & Regulations Overview 5.9.1 Canada 5.9.2 China 5.9.3 France 5.9.4 Austria 5.9.5 Germany 5.9.6 Spain 5.10 Patent Analysis 5.10.1 Patent Analysis 5.10.2 Methodology 5.10.3 Document Type 5.10.4 Patents Filed 5.10.5 Patent Application Trends - Last 5 Years 184.108.40.206 Insight 5.11 Case Study Analysis 5.11.1 Intelligent Motors Equipped with Microcomputers 5.11.2 Aisin Seiki 5.12 Automotive Motors Market, Scenarios (2020-2025) 5.12.1 most Likely Scenario 5.12.2 Optimistic Scenario 5.12.3 Pessimistic Scenario
6 Introduction to COVID-19 6.1 COVID-19 Health Assessment 6.2 COVID-19 Economic Assessment 6.2.1 COVID-19 Economic Impact - Scenario Assessment 6.3 Impact on Global Automotive Industry 6.4 Impact on Global Automotive Motors Market 6.4.1 Impact of COVID-19 on Automotive Motors
7 Automotive Motors Market, by Function 7.1 Introduction 7.1.1 Research Methodology 7.1.2 Assumptions 7.1.3 Key Primary Insights 7.2 Performance Motors 7.2.1 Increasing Developments in Electric Vehicle Technology to Drive Demand 7.3 Comfort Motors 7.3.1 Demand for High-Quality Cooling Systems Would Fuel Demand 7.4 Safety Motors 7.4.1 Mandates for Safety Features in Commercial Vehicles will Drive Demand 7.5 Market Leaders
8 Automotive Motors Market, by Application 8.1 Introduction 8.1.1 Research Methodology 8.1.2 Assumptions 8.1.3 Key Primary Insights 8.2 Electric Water Pump 8.3 Radiator Cooling Fan 8.4 Electronic Throttle Valve Control 8.5 Electronic Variable Gear Ratio 8.6 Electric Variable Valve Timing 8.7 Variable Nozzle Turbo 8.8 Adjustable Pedal 8.9 Electric Power Steering 8.10 Wiper 8.11 Starter 8.12 EGR 8.13 Fuel Pump 8.14 Power Antenna 8.15 Air Conditioners 8.16 Door Mirror 8.17 Power Window 8.18 Tilt Steering 8.19 Blower 8.20 Power Seat 8.21 Electric Sunroof 8.22 Door Closer 8.23 Cruise Control 8.24 Adaptive Front Light 8.25 Electronic Stability Control 8.26 ABS 8.27 Electronic Parking Brake 8.28 Market Leaders
9 Automotive Motors Market, by Motor Type 9.1 Introduction 9.1.1 Research Methodology 9.1.2 Assumptions 9.1.3 Key Primary Insights 9.2 Brushed Motors 9.2.1 Easy of Speed Control to Fuel Demand 9.3 Brushless Motors 9.3.1 Wide Range of Applications will Drive Demand 9.4 Stepper Motors 9.4.1 Cost-Effectiveness and Ideal Design will Boost Demand 9.5 Market Leaders
10 Automotive Motors Market, by Vehicle Type 10.1 Introduction 10.1.1 Research Methodology 10.1.2 Assumptions 10.1.3 Key Primary Insights 10.2 Passenger Car 10.2.1 Increasing Emission Mandates to Drive Demand 10.3 Light Commercial Vehicle 10.3.1 Demand for Last Mile Delivery to Boost the Segment 10.4 Heavy Commercial Vehicle 10.4.1 Increasing Focus on Safer and Efficient Logistics will Drive Demand 10.5 Market Leaders
11 Automotive Motors Market, by Electric Vehicle Type 11.1 Introduction 11.1.1 Research Methodology 11.1.2 Assumptions 11.1.3 Key Primary Insights 11.2 BEV 11.2.1 Increase in Demand for Zero Emission Vehicles to Drive Demand 11.3 HEV 11.3.1 Government Initiates on Purchase to Drive Demand 11.4 PHEV 11.4.1 Substantial Tax Rebates will Fuel PHEV Sales 11.5 Market Leaders
12 Automotive Motors Market, by EV Motor Type 12.1 Introduction 12.1.1 Research Methodology 12.1.2 Assumptions 12.1.3 Key Primary Insights 12.2 Traction Motors 12.2.1 Advanced Designs and High Energy Efficiency to Drive Demand 12.3 Brushed Motors 12.3.1 Low Cost and Simple Drive Control Model to Drive Demand 12.4 Brushless Motors 12.4.1 High Efficiency for Electric Vehicles and Traction Characteristics Would Drive Demand 12.5 Stepper Motors 12.5.1 Electrification of Vehicles will Drive Demand 12.6 Induction Motors 12.6.1 Lesser Complexity and Low Cost to Drive Demand 12.7 Other Motors 12.7.1 High Power Density and Compactness to Drive Demand 12.8 Market Leaders
13 Automotive Motors Market, by Region 13.1 Introduction 13.2 Asia Pacific 13.3 Europe 13.4 North America 13.5 Rest of the World (RoW)
14 Competitive Landscape 14.1 Overview 14.2 Market Ranking Analysis 14.3 Market Evaluation Framework 14.4 Market Share Analysis, 2019 14.5 Market Evaluation Framework: Revenue Analysis of Top 5 Players 14.6 Competitive Landscape 14.6.1 Introduction 14.6.2 Star 14.6.3 Emerging Leaders 14.6.4 Pervasive 14.6.5 Emerging Companies 14.7 Strength of Product Portfolio 14.8 Business Strategy Excellence 14.9 Winners Vs. Losers 14.10 Key Developments by Leading Players in the Market, 2017-2020 14.10.1 New Product Development 14.10.2 Acquisition 14.10.3 Joint Venture 14.10.4 Expansion
15 Company Profiles 15.1 Robert Bosch Gmbh 15.2 Nidec Corporation 15.3 Siemens Ag 15.4 Continental Ag 15.5 Denso Corporation 15.6 Johnson Electric 15.7 Magna International 15.8 Mitsubishi Electric Corporation 15.9 Valeo 15.10 Mahle Gmbh 15.11 Mitsuba Corporation 15.12 Borgwarner Inc. 15.13 Other Major Players 15.13.1 Asia Pacific 220.127.116.11 Mikuni 18.104.22.168 Aisin Seiki 22.214.171.124 Gmb Corporation 126.96.36.199 Toshiba 15.13.2 Europe 188.8.131.52 Infineon Technologies 184.108.40.206 Magneti Marelli 220.127.116.11 Wabco Holdings 18.104.22.168 Repxpert (Schaeffler) 22.214.171.124 Faulhaber Group 126.96.36.199 Hella 15.13.3 North America 188.8.131.52 Cummins 184.108.40.206 TI Automotive 220.127.116.11 Regal Beloit