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Automotive Motors Market Size, Price Trends, Key Players and Report 2022-27

IMARC Group’s latest research report, titled “Automotive Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive motors market size Growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The  market reached a value of US$ 35.7 Billion in 2021. Looking forward, IMARC Group expects the global automotive motors market to reach a value of US$ 49.4 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027.

Automotive motors refer to the machines used in vehicles that convert electrical energy into mechanical energy. They consist of a stator, encoder, rotator, conducting wire, amplifier, and frame. Commonly utilized automotive motors include traction, brushless direct current (DC), stepper, and DC brushed. They are extensively used in battery electric vehicles (BEV), two-wheelers, passenger cars, heavy commercial vehicles (HCVs), plug-in hybrid electric vehicles (PHEV), etc., for enhancing the safety, performance, comfort, convenience, and security. Automotive motors have higher thermal efficiency, generate more power, and are cost-effective. As a result, these machines find widespread applications in seat cooling fans, sunroofs, alternators, power window motors, wiper systems, power steering motors, exhaust gas recirculation (EGR), anti-lock brake systems, etc.

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Important Attribute and highlights of the Report:

The escalating product demand in central controllers, advanced infotainment systems, heads-up displays, and gesture control mechanisms is among the primary factors driving the automotive motors market. Besides this, the introduction of high-efficiency and compact automated machines that assist in minimizing wastes and simplifying production processes is further augmenting the market growth. Apart from this, the elevating requirement for brushed direct current (DC) automotive motors, on account of its various advantages, such as high power, cost-effectiveness, and easy speed control, is also catalyzing the global market. Moreover, the development of smart machines for performing complex operations and the rising expenditure capacities of individuals are acting as significant growth-inducing factors. Furthermore, the growing popularity of electric vehicles (EVs), owing to the increasing environmental concerns, is anticipated to propel the automotive motors market over the forecasted period.

Key Players Included in Global Automotive Motors Market Research Report:

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

Breakup by Motor Type:

Breakup by Vehicle Type:

Breakup by Sales Channel:

Breakup by Application:

Breakup by Region:

TOC for the Automotive Motors Market Research Report:

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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