Increasing number of commercial as well as passenger vehicles is anticipated to boost the automotive motors market. Additionally,
rising demand for fuel-efficient vehicles is also driving the growth of the
automotive motors market, as per the findings of a newly published business intelligence report from IndustryARC. The analyst of the report estimates the global automotive motors market at $27.81
billion as of 2018, and projects the opportunities to swell at a notable compound annual growth
rate (CAGR) of 8.69% during the forecast period of 2019 to 2025.
The IndustryARC’s research report is titled “Automotive Motors Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2015 – 2025)”. The report also documents that stringent government rules and regulations are being laid by the government across the globe for safety systems in vehicles, which is likely to further aid demand in the global automotive motors market in the future.
Global
Automotive Motors Market: Demand Analysis
Automotive
motors have electric motors that convert electric energy to mechanical energy.
They are an integral part of an electric car motor or vehicle component as it
is used in engine cooling fan, battery cooling, and power steering. Additionally,
the motors in automotive are used in high-speed motors and other systems which
are well equipped with AC and DC motors, and are in demand globally. According to the
Center for Automotive Research[Pk1],
in the United States, the automotive motors sales production was 17.3 million
units in 2018.
Global
Automotive Motors Market: Leading Segments
APAC
is gauged by the IndustryARC report to have led the global automotive market in terms of demand. In China, Japan, and South
Korea, the growing demand for automotive motors and government regulations is
driving growth in the automotive motors market. Furthermore, in China and
Japan, there is a huge production contribution from the OEM’s. The OEM’s are
undertaking increasing efforts and the government of China is developing and
introducing electric vehicles on the road, particularly for public transport. APAC produced the largest
regional market share of 45.09% in 2018.
The
perceptible increase in passenger cars and light commercial vehicles
application segment has led to an increase in the automotive motors market
revenue. The key application segment is anticipated to grow at a progressive
CAGR of 11.34% during the aforementioned forecast period.
Global
Automotive Motors Market: Market Trends and Growth Drivers
· The automotive
motors market is blooming due to the increasing number of technological
changes. Radar has become a more reliable and efficient tool in all the new
cars being launched in the market. Manufacturers are focusing more on LiDAR and
radar components as they are tomorrow’s vehicle-sensor suite.[Pk2]
·
Beginning
of 2018, autonomous vehicles had hit the road. Now the companies are targeting
to start driverless taxi services on road. Moreover, Uber, Tesla, and Waymo have
spent a lot of time for millions of test miles with its own fleet of self-driven
vehicles.
·
There
is a rapid growth of electric vehicle in the automotive motors market. When the
sales for auto vehicles had declined, there was an increase in the sales of
electric vehicles. However, Mercedes-Benz has announced that they will offer 50
latest electric versions of all its model by 2022.
Global
Automotive Motors Market: Competitive Landscape
Some of the key companies identified in the report that are
currently holding majority shares in the global automotive motors market are Continental AG, Denso
Corporation, Magna International, Mahle Group, Mitsubishi Electric Corporation,
Nidec Corporation, Valeo, Borgwarner, Johnson Electric Holdings Ltd., and
Mitsuba Corporation.
Talk
to one of our sales representative about the full report by providing your
details in the link below:
https://www.industryarc.com/support.php?id=501037
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What
can you expect from the report?
The
automotive motors market is prepared with
the main agenda to cover the following 20 points:
1.
Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2.
Market trends & Relevant Market Data 12. Country level Analysis
3.
Manufacturer Landscape 13. Competitor Analysis
4.
Distributor Landscape 14. Market Shares Analysis
5.
Pricing Analysis 15. Value Chain Analysis
6.
Top 10 End user Analysis 16. Supply Chain Analysis
7.
Product Benchmarking 17. Strategic Analysis
8.
Product Developments 18. Current & Future Market
Landscape Analysis
9.
Mergers & Acquisition Analysis 19. Opportunity Analysis
10.
Patent Analysis 20. Revenue and Volume Analysis
Frequently
Asked Questions:
Q.
Does IndustryARC provide customized reports and charge additionally for limited
customization?
Response: Yes, we can
customize the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1.
Increase the level of data in application or end user industry.
2.
Increase the number of countries in geography chapter.
3.
Find out market shares for other smaller companies or companies which are of
interest to you.
4.
Company profiles can be requested based on your interest.
5.
Patent analysis, pricing, product analysis, product benchmarking, value and
supply chain analysis can be requested for a country or end use segment.
Any
other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=501037
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Contact:
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Venkat Reddy
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Manager
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1: [email protected]
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About
IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500
reports annually, in various industries such as Agriculture, Automotive,
Automation & Instrumentation, Chemicals and Materials, Energy and Power,
Electronics, Food and Beverages, Information Technology, and Life sciences and
Healthcare.
[Pk1]https://www.cargroup.org/industry-briefings/auto-industry-2019/
[Pk2]https://www.sae.org/publications/magazines/automotive-engineering/