Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 35 Billion

CAGR (2023-2028)

4.8%

Fastest Growing Segment

DC Brushed Motor

Largest Market

Asia-Pacific


Market Overview

Global Automotive Motor Market has valued at USD 35 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.8% through 2028. The Global Automotive Motor Market is a dynamic and pivotal sector within the automotive industry, characterized by the growing significance of motorized components in vehicles. Motors play a crucial role in powering various vehicle systems, ranging from propulsion in electric and hybrid vehicles to supporting advanced driver assistance systems (ADAS) and enhancing overall vehicle efficiency. This market's trajectory is closely tied to the broader trends of electrification, automation, and sustainability that are reshaping the automotive landscape. The rapid shift towards electrification is a defining feature of the Global Automotive Motor Market. Electric and hybrid vehicles rely on electric motors to provide propulsion, replacing traditional internal combustion engines. This transition is driven by environmental concerns and regulations, with electric motors offering lower emissions and improved energy efficiency. As governments worldwide push for reduced carbon footprints and stricter emissions standards, the demand for electric motors is experiencing robust growth. Furthermore, the integration of advanced technologies is propelling the demand for motors in vehicles. Advanced driver assistance systems (ADAS) such as adaptive cruise control, lane-keeping assistance, and automated emergency braking require motorized components to operate effectively. These motors enable functions such as automated steering adjustments and control of braking systems, enhancing vehicle safety and contributing to the evolution of autonomous driving capabilities. The Global Automotive Motor Market is also driven by the automotive industry's overarching goal of achieving improved vehicle efficiency and sustainability. Electrified powertrains, which incorporate electric motors, offer benefits such as regenerative braking, reduced energy consumption, and enhanced torque delivery. These factors contribute to increased fuel efficiency in hybrid vehicles and zero-emission operation in electric vehicles, aligning with both consumer preferences and regulatory requirements. The market's growth is evident across various motor types, including DC motors, AC motors, and stepper motors, each serving specific functions within the vehicle's mechanical and electronic systems. Additionally, innovations in motor technology, such as improvements in motor efficiency, power density, and thermal management, continue to drive advancements within the market. In conclusion, the Global Automotive Motor Market is a dynamic and transformative sector at the forefront of the automotive industry's evolution. The shift towards electrification, integration of advanced technologies, and the pursuit of greater vehicle efficiency are central drivers shaping the market's growth and influencing the design and development of motorized components that power the vehicles of today and tomorrow.   

Key Market Drivers

Electrification of Vehicles

One of the most significant drivers of the Global Automotive Motor Market is the ongoing shift towards vehicle electrification. Electric and hybrid vehicles are gaining traction as the automotive industry responds to stringent emissions regulations and heightened environmental awareness. Electric motors, which offer high efficiency, instant torque, and zero tailpipe emissions, are central to the propulsion of electric and hybrid vehicles. As governments worldwide implement policies to reduce carbon emissions, automakers are investing in electric motor technology to create vehicles that meet sustainability goals and consumer demands for cleaner transportation options.

Push for Energy Efficiency

The demand for energy-efficient vehicles aligns with the growing adoption of electric motors. Electric motors inherently possess higher energy conversion efficiency compared to internal combustion engines. This efficiency translates to improved range for electric vehicles and enhanced fuel economy for hybrids. As consumers seek vehicles with lower operating costs and reduced environmental impact, the efficiency gains provided by electric motors become a significant driver for their integration into various vehicle platforms.


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Advancements in Electric Motor Technology

Ongoing innovations in electric motor technology are driving the market's growth. Manufacturers are continuously improving motor design, materials, power density, and thermal management, resulting in motors that are more compact, powerful, and reliable. Brushless DC (BLDC) motors, permanent magnet synchronous motors (PMSM), and induction motors are evolving to meet diverse application requirements, contributing to improved vehicle performance and user experience.

Regulatory Pressures and Emission Standards

Stringent emissions regulations imposed by governments worldwide are compelling automakers to rethink traditional internal combustion engine (ICE) powertrains. In response to these regulations, many manufacturers are accelerating their development of electric and hybrid vehicles powered by electric motors. Regulatory pressures are reshaping the industry landscape and driving investment in motor technology that aligns with emissions reduction goals.

Autonomous Driving and ADAS

The rise of advanced driver assistance systems (ADAS) and the pursuit of autonomous driving capabilities are major drivers for the Global Automotive Motor Market. Many ADAS functionalities, such as adaptive cruise control, lane-keeping assist, and automated parking, rely on motorized components for precise control of steering, braking, and acceleration. As vehicles incorporate more automated features, the demand for motors that enable safe and reliable control in various driving scenarios increases significantly.

Growing Consumer Demand for Connectivity

The demand for connected vehicles with enhanced features such as infotainment, navigation, and over-the-air updates drives the integration of motors into various components. Electric motors power retractable screens, adjustable seats, mirrors, and other components that enhance the overall user experience. As consumers seek vehicles that offer advanced connectivity and personalized comfort, motors play a crucial role in delivering these features.

R&D Investments and Technological Collaboration

Automakers, suppliers, and technology companies are investing heavily in research and development to advance motor technology. Collaborative efforts between industry players are fostering innovation and pushing the boundaries of electric motor performance, efficiency, and cost-effectiveness. These partnerships drive the development of cutting-edge solutions that meet the demands of electrification and automation.

Enhanced Vehicle Performance

Electric motors offer exceptional torque delivery, instantaneous acceleration, and smoother power delivery compared to traditional internal combustion engines. These attributes contribute to enhanced vehicle performance, making electric and hybrid vehicles appealing to enthusiasts seeking exhilarating driving experiences. As consumer preferences shift towards high-performance, environmentally friendly vehicles, electric motors become a key driver in fulfilling these desires.

Evolving Infrastructure and Charging Network

The expansion of charging infrastructure and the growing availability of charging stations for electric vehicles provide a supportive ecosystem for the adoption of electric motors. A reliable charging network reduces range anxiety and boosts consumer confidence in electric vehicles, thereby promoting the adoption of electric motors as a viable alternative to conventional powertrains.

Global Trend Towards Sustainability

The global movement towards sustainability, coupled with increased awareness of environmental issues, influences consumer preferences and government policies. Electric motors contribute to reducing greenhouse gas emissions and local air pollution, aligning with broader sustainability goals and prompting the automotive industry to adopt cleaner propulsion solutions.

Key Market Challenges

Range Anxiety and Infrastructure

In the context of electric vehicles (EVs), range anxiety remains a significant challenge. While electric motors offer advantages in terms of efficiency and instant torque, concerns about the driving range and availability of charging infrastructure can deter potential EV buyers. The need for a robust charging network, fast-charging solutions, and longer-range battery technology is essential to alleviate range anxiety and drive widespread EV adoption.

Battery Technology and Energy Density

Electric motors in EVs rely on battery technology for energy storage. The development of advanced battery chemistries with higher energy density is crucial to improving the driving range and overall performance of EVs. The interplay between electric motor efficiency and battery technology poses a complex challenge, as both components need to be optimized for optimal vehicle performance.

Cost and Affordability

The cost of electric motors and associated components can pose a challenge to achieving price parity with internal combustion engine (ICE) vehicles. While electric motor costs have been decreasing, they remain a significant factor in the overall cost of EVs. Automakers and suppliers must work to further reduce the cost of electric motors while maintaining quality and performance to make EVs more accessible to a broader range of consumers.

Vehicle Weight and Space Constraints

The integration of electric motors, batteries, and associated systems can impact vehicle weight and space constraints. Electric motors are generally heavier than their internal combustion counterparts, and the addition of large battery packs can further contribute to weight challenges. Finding ways to balance the weight distribution, optimize vehicle architecture, and accommodate motor components without sacrificing performance or interior space is an ongoing challenge.

Thermal Management

Electric motors generate heat during operation, which can impact efficiency, performance, and longevity. Effective thermal management is essential to ensure the optimal functioning of electric motors and prevent overheating. Designing cooling systems that effectively manage heat dissipation while minimizing energy consumption remains a critical challenge, particularly in high-performance or high-duty cycle applications.

Charging Infrastructure Development

For the success of electric vehicles, a well-developed and accessible charging infrastructure is paramount. The challenge lies in the need for a seamless charging experience, consistent charging standards, and convenient access to charging stations across various regions. Collaborative efforts among governments, automakers, and infrastructure providers are necessary to accelerate the expansion of the charging network.

Consumer Perception and Education

Educating consumers about the benefits and capabilities of electric motors is crucial for wider adoption. Addressing misconceptions, dispelling myths, and showcasing the advantages of electric vehicles, including their efficiency, reduced operating costs, and environmental benefits, can play a pivotal role in changing consumer perceptions and driving market acceptance.

Complexity of Hybrid Systems

Hybrid vehicles combine internal combustion engines with electric motors, creating complex powertrain systems. Integrating these components seamlessly while ensuring optimal performance and efficiency poses a challenge. Manufacturers must navigate the intricacies of hybrid powertrains, including managing power delivery, regenerative braking, and transitioning between electric and gasoline modes.

Standardization and Compatibility

The Global Automotive Motor Market encompasses various motor types, designs, and technologies. Ensuring compatibility and standardization among different electric motor systems is a challenge, particularly as the industry evolves rapidly. Establishing common interfaces, communication protocols, and mechanical connections can facilitate the integration of motors into vehicles and enhance interoperability.

Recycling and Sustainability

As the adoption of electric vehicles grows, the recycling and disposal of electric motors and associated components pose sustainability challenges. Developing processes for the responsible recycling of motors and batteries, as well as minimizing the environmental impact of motor production, is essential for the long-term sustainability of the automotive industry.

Key Market Trends

Electrification as a Dominant Trend

The widespread adoption of electrification is a dominant trend shaping the Global Automotive Motor Market. Electric vehicles (EVs) and hybrid vehicles are becoming increasingly popular as automakers respond to tighter emissions regulations and growing environmental consciousness. Electric motors are at the heart of these electrified powertrains, driving propulsion, and providing torque. This trend is spurring the development of more efficient, powerful, and compact electric motors to meet the evolving needs of electrified vehicles.

Shift towards E-Mobility Solutions

Beyond passenger cars, electric motors are also powering a range of electric mobility solutions, including electric buses, trucks, and even two-wheelers. The trend toward cleaner transportation alternatives in urban areas is driving the adoption of electric mobility solutions that rely on electric motors. This trend contributes to reduced emissions, quieter operation, and improved air quality in densely populated regions.

Growing Role in Autonomous Driving

The advent of autonomous driving is reshaping the role of motors within vehicles. Electric motors are instrumental in powering various components necessary for autonomous operation, including steering systems, throttle control, and braking. The transition to self-driving vehicles is accelerating the integration of electric motors into systems that support advanced driver assistance and autonomous functionality.

High-Efficiency and Lightweight Designs

Automotive manufacturers are focused on optimizing vehicle efficiency, and electric motors play a crucial role in achieving this goal. Continuous advancements in motor technology, including improvements in power density and energy conversion efficiency, allow automakers to design more efficient vehicles with extended range and reduced energy consumption. Additionally, lightweight materials and compact motor designs contribute to overall vehicle weight reduction, further enhancing efficiency.

Magnet-Free and Rare Earth Alternatives

The Global Automotive Motor Market is witnessing a trend towards magnet-free motor designs and the exploration of rare-earth-free alternatives. Traditional motors often utilize rare earth materials, which can be expensive and environmentally challenging to extract. Innovations are centered on developing motor designs that do not rely on these materials, while maintaining performance and cost-effectiveness.

Integration into Vehicle Connectivity

Motors are being integrated into various vehicle components beyond propulsion. They are powering elements of vehicle connectivity and user experience, such as adjustable seats, power windows, and retractable screens. This integration enhances convenience and comfort for occupants while offering automakers additional opportunities to differentiate their vehicles through personalized features.

Dual-Motor and All-Wheel Drive Configurations

Dual-motor and all-wheel drive configurations are gaining prominence, especially in electric vehicles. By placing an electric motor on each axle, vehicles can achieve improved traction, stability, and dynamic performance. This trend is particularly noticeable in electric SUVs and high-performance vehicles, where electric motors contribute to enhanced driving experiences and control.

Integration with Energy Management Systems

In electric vehicles, motors are closely integrated with energy management systems and regenerative braking technology. Motors function as generators during braking, converting kinetic energy into electrical energy that can be stored in the vehicle's battery. This regenerative process enhances energy efficiency and extends the driving range of EVs.

Collaborative Innovation and Partnerships

The Global Automotive Motor Market is characterized by collaborative innovation among automakers, suppliers, and technology companies. Partnerships are formed to leverage combined expertise in motor design, electronics, and vehicle integration. These collaborations drive the development of cutting-edge motor solutions that align with the industry's electrification and connectivity goals.

Continuous Research and Development

Ongoing research and development efforts are propelling the evolution of electric motor technology. Manufacturers are investing in improving motor efficiency, thermal management, power density, and manufacturing techniques. This focus on R&D ensures that electric motors continue to meet the evolving demands of the automotive industry, contributing to the advancement of vehicle performance and sustainability.

Segmental Insights

Product Type Insights

The global Automotive Motor market is segmented into various product types, each with distinct characteristics and market dynamics. The major categories include brushed DC motors, brushless DC motors, and stepper motors, amongst others. Brushed DC motors, known for their simplicity and cost-effectiveness, have a substantial share in the market. However, brushless DC motors are gaining traction due to their higher efficiency and longevity. Stepper motors, with their precise positioning capability, are the choice for applications requiring meticulous control. Understanding these product type insights is crucial for comprehending the broader market trends.  

Vehicle Type Insights

The global Automotive Motor market is diversified into various vehicle types including passenger cars, commercial vehicles, and electric vehicles. Each of these segments plays an essential role in the overall market dynamics. Passenger cars constitute a significant share of the market due to their high global production rate and widespread use. Commercial vehicles, on the other hand, are driven by the increasing demands in logistics and transportation sectors. Meanwhile, the electric vehicle segment indicates promising growth prospects, fueled by environmental concerns and advancements in battery technology. With the continuous evolution in the automotive industry, these trends are expected to shape the future of the Automotive Motor market.

 

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Regional Insights

The global automotive motor market exhibits regional diversity in terms of demand, production, and technological advancements. In the Asia-Pacific region, driven by countries like China and India, the demand for automotive motors is significantly high due to a rapidly growing automotive sector and increased consumer spending on vehicles. Further, Europe holds a substantial share in the market, with Germany playing a pivotal role, thanks to the presence of globally renowned automobile manufacturers. The North American region, with its focus on eco-friendly and fuel-efficient vehicles, boosts the demand for electric automotive motors. These regional trends offer insights into understanding the dynamics of the global automotive motor market.

Recent Developments

  • In 2022, BluE Nexus, Aisin, and Denso have jointly developed e-Axles that are adopted for Toyota mid-size electric SUV, bZ4X.
  • In 2022, ZF Group has announced its innovations which includes modular and scalable silicon carbide (SiC) inverter architecture, hairpin architecture, hairpin electric motor, electric powertrain, and accessories (eWorX).

Key Market Players

  • ROBERT BOSCH GmbH
  • BORGWARNER INC
  • VALEO
  • MAGNA INTERNATIONAL INC
  • JOHNSON ELECTRIC HOLDINGS LIMITED
  • DENSO CORPORATION
  • CONTINENTAL AG
  • SIEMENS AG

 By Product Type

By Vehicle Type

By Demand Category

By Application Type

By Region

  • DC Brushed Motor
  • BLDC Motor
  • Stepper Motor
  • Passenger Car
  • Light Commercial Vehicle
  • Medium & Heavy Commercial Vehicle
  • OEM
  • Aftermarket
  • Performance Motors
  • Comfort Motors
  • Safety Motors
  • Asia-Pacific
  • Europe & CIS
  • North America
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Automotive Motor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Automotive Motor Market, By Product Type:   

o   DC Brushed Motor

o   BLDC Motor

o   Stepper Motor

  • Global Automotive Motor Market, By Vehicle Type:

o   Passenger Car

o   Light Commercial Vehicle

o   Medium & Heavy Commercial Vehicle

  • Global Automotive Motor Market, By Demand Category:

o   OEM

o   Aftermarket

  • Global Automotive Motor Market, By Application Type:

o   Performance Motors

o   Comfort Motors

o   Safety Motors

  • Global Automotive Motor Market, Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Mexico

§  Canada

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Motor Market.

Available Customizations:

Global Automotive Motor Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Automotive Motor Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Motor Market

5.    Global Automotive Motor Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Volume & Value

5.2.  Market Share & Forecast

5.2.1.     By Product Type Market Share Analysis (DC Brushed Motor, BLDC Motor, Stepper Motor)

5.2.2.     By Vehicle Type Market Share Analysis (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

5.2.3.     By Demand Category Market Share Analysis (OEM, Aftermarket)

5.2.4.     By Application Market Share Analysis (Performance Motors, Comfort Motors, Safety Motors)

5.2.5.     By Regional Market Share Analysis

5.2.5.1.         Asia-Pacific Market Share Analysis

5.2.5.2.         Europe & CIS Market Share Analysis

5.2.5.3.         North America Market Share Analysis

5.2.5.4.         South America Market Share Analysis

5.2.5.5.         Middle East & Africa Market Share Analysis

5.2.6.     By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Automotive Motor Market Mapping & Opportunity Assessment

5.3.1.     By Product Type Market Mapping & Opportunity Assessment

5.3.2.     By Vehicle Type Market Mapping & Opportunity Assessment

5.3.3.     By Demand Category Market Mapping & Opportunity Assessment

5.3.4.     By Application Market Mapping & Opportunity Assessment

5.3.5.     By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Motor Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume & Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type Market Share Analysis

6.2.2.     By Vehicle Type Market Share Analysis

6.2.3.     By Demand Category Market Share Analysis

6.2.4.     By Application Market Share Analysis

6.2.5.     By Country Market Share Analysis

6.2.5.1.         China Market Share Analysis

6.2.5.2.         India Market Share Analysis

6.2.5.3.         Japan Market Share Analysis

6.2.5.4.         Indonesia Market Share Analysis

6.2.5.5.         Thailand Market Share Analysis

6.2.5.6.         South Korea Market Share Analysis

6.2.5.7.         Australia Market Share Analysis

6.2.5.8.         Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.     China Automotive Motor Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Volume & Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Product Type Market Share Analysis

6.3.1.2.2.             By Vehicle Type Market Share Analysis

6.3.1.2.3.             By Demand Category Market Share Analysis

6.3.1.2.4.             By Application Market Share Analysis

6.3.2.     India Automotive Motor Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Volume & Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Product Type Market Share Analysis

6.3.2.2.2.             By Vehicle Type Market Share Analysis

6.3.2.2.3.             By Demand Category Market Share Analysis

6.3.2.2.4.             By Application Market Share Analysis

6.3.3.     Japan Automotive Motor Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Volume & Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Product Type Market Share Analysis

6.3.3.2.2.             By Vehicle Type Market Share Analysis

6.3.3.2.3.             By Demand Category Market Share Analysis

6.3.3.2.4.             By Application Market Share Analysis

6.3.4.     Indonesia Automotive Motor Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Volume & Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Product Type Market Share Analysis

6.3.4.2.2.             By Vehicle Type Market Share Analysis

6.3.4.2.3.             By Demand Category Market Share Analysis

6.3.4.2.4.             By Application Market Share Analysis

6.3.5.     Thailand Automotive Motor Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Volume & Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Product Type Market Share Analysis

6.3.5.2.2.             By Vehicle Type Market Share Analysis

6.3.5.2.3.             By Demand Category Market Share Analysis

6.3.5.2.4.             By Application Market Share Analysis

6.3.6.      South Korea Automotive Motor Market Outlook

6.3.6.1.         Market Size & Forecast

6.3.6.1.1.             By Volume & Value

6.3.6.2.         Market Share & Forecast

6.3.6.2.1.             By Product Type Market Share Analysis

6.3.6.2.2.             By Vehicle Type Market Share Analysis

6.3.6.2.3.             By Demand Category Market Share Analysis

6.3.6.2.4.             By Application Market Share Analysis

6.3.7.     Australia Automotive Motor Market Outlook

6.3.7.1.         Market Size & Forecast

6.3.7.1.1.             By Volume & Value

6.3.7.2.         Market Share & Forecast

6.3.7.2.1.             By Product Type Market Share Analysis

6.3.7.2.2.             By Vehicle Type Market Share Analysis

6.3.7.2.3.             By Demand Category Market Share Analysis

6.3.7.2.4.             By Application Market Share Analysis

7.    Europe & CIS Automotive Motor Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume & Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type Market Share Analysis

7.2.2.     By Vehicle Type Market Share Analysis

7.2.3.     By Demand Category Market Share Analysis

7.2.4.     By Application Market Share Analysis

7.2.5.     By Country Market Share Analysis

7.2.5.1.         Germany Market Share Analysis

7.2.5.2.         Spain Market Share Analysis

7.2.5.3.         France Market Share Analysis

7.2.5.4.         Russia Market Share Analysis

7.2.5.5.         Italy Market Share Analysis

7.2.5.6.         United Kingdom Market Share Analysis

7.2.5.7.         Belgium Market Share Analysis

7.2.5.8.         Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.     Germany Automotive Motor Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Volume & Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product Type Market Share Analysis

7.3.1.2.2.             By Vehicle Type Market Share Analysis

7.3.1.2.3.             By Demand Category Market Share Analysis

7.3.1.2.4.             By Application Market Share Analysis

7.3.2.     Spain Automotive Motor Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Volume & Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product Type Market Share Analysis

7.3.2.2.2.             By Vehicle Type Market Share Analysis

7.3.2.2.3.             By Demand Category Market Share Analysis

7.3.2.2.4.             By Application Market Share Analysis

7.3.3.     France Automotive Motor Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Volume & Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product Type Market Share Analysis

7.3.3.2.2.             By Vehicle Type Market Share Analysis

7.3.3.2.3.             By Demand Category Market Share Analysis

7.3.3.2.4.             By Application Market Share Analysis

7.3.4.     Russia Automotive Motor Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Volume & Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Product Type Market Share Analysis

7.3.4.2.2.             By Vehicle Type Market Share Analysis

7.3.4.2.3.             By Demand Category Market Share Analysis

7.3.4.2.4.             By Application Market Share Analysis

7.3.5.     Italy Automotive Motor Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Volume & Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Product Type Market Share Analysis

7.3.5.2.2.             By Vehicle Type Market Share Analysis

7.3.5.2.3.             By Demand Category Market Share Analysis

7.3.5.2.4.             By Application Market Share Analysis

7.3.6.     United Kingdom Automotive Motor Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Volume & Value

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Product Type Market Share Analysis

7.3.6.2.2.             By Vehicle Type Market Share Analysis

7.3.6.2.3.             By Demand Category Market Share Analysis

7.3.6.2.4.             By Application Market Share Analysis

7.3.7.     Belgium Automotive Motor Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Volume & Value

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Product Type Market Share Analysis

7.3.7.2.2.             By Vehicle Type Market Share Analysis

7.3.7.2.3.             By Demand Category Market Share Analysis

7.3.7.2.4.             By Application Market Share Analysis

8.    North America Automotive Motor Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume & Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type Market Share Analysis

8.2.2.     By Vehicle Type Market Share Analysis

8.2.3.     By Demand Category Market Share Analysis

8.2.4.     By Application Market Share Analysis

8.2.5.     By Country Market Share Analysis

8.2.5.1.         United States Market Share Analysis

8.2.5.2.         Mexico Market Share Analysis

8.2.5.3.         Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.     United States Automotive Motor Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Volume & Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product Type Market Share Analysis

8.3.1.2.2.             By Vehicle Type Market Share Analysis

8.3.1.2.3.             By Demand Category Market Share Analysis

8.3.1.2.4.             By Application Market Share Analysis

8.3.2.     Mexico Automotive Motor Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Volume & Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product Type Market Share Analysis

8.3.2.2.2.             By Vehicle Type Market Share Analysis

8.3.2.2.3.             By Demand Category Market Share Analysis

8.3.2.2.4.             By Application Market Share Analysis

8.3.3.     Canada Automotive Motor Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Volume & Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product Type Market Share Analysis

8.3.3.2.2.             By Vehicle Type Market Share Analysis

8.3.3.2.3.             By Demand Category Market Share Analysis

8.3.3.2.4.             By Application Market Share Analysis

9.     South America Automotive Motor Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume & Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type Market Share Analysis

9.2.2.     By Vehicle Type Market Share Analysis

9.2.3.     By Demand Category Market Share Analysis

9.2.4.     By Application Market Share Analysis

9.2.5.     By Country Market Share Analysis

9.2.5.1.         Brazil Market Share Analysis

9.2.5.2.         Argentina Market Share Analysis

9.2.5.3.         Colombia Market Share Analysis

9.2.5.4.         Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.     Brazil Automotive Motor Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Volume & Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product Type Market Share Analysis

9.3.1.2.2.             By Vehicle Type Market Share Analysis

9.3.1.2.3.             By Demand Category Market Share Analysis

9.3.1.2.4.             By Application Market Share Analysis

9.3.2.     Colombia Automotive Motor Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Volume & Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product Type Market Share Analysis

9.3.2.2.2.             By Vehicle Type Market Share Analysis

9.3.2.2.3.             By Demand Category Market Share Analysis

9.3.2.2.4.             By Application Market Share Analysis

9.3.3.     Argentina Automotive Motor Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Volume & Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product Type Market Share Analysis

9.3.3.2.2.             By Vehicle Type Market Share Analysis

9.3.3.2.3.             By Demand Category Market Share Analysis

9.3.3.2.4.             By Application Market Share Analysis

10.  Middle East & Africa Automotive Motor Market Outlook

10.1.            Market Size & Forecast

10.1.1.  By Volume & Value

10.2.            Market Share & Forecast

10.2.1.  By Product Type Market Share Analysis

10.2.2.  By Vehicle Type Market Share Analysis

10.2.3.  By Demand Category Market Share Analysis

10.2.4.  By Application Market Share Analysis

10.2.5.  By Country Market Share Analysis

10.2.5.1.      Turkey Market Share Analysis

10.2.5.2.      Iran Market Share Analysis

10.2.5.3.      Saudi Arabia Market Share Analysis

10.2.5.4.      UAE Market Share Analysis

10.2.5.5.      Rest of Middle East & Africa Market Share Analysis

10.3.            Middle East & Africa: Country Analysis

10.3.1.  Turkey Automotive Motor Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Volume & Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product Type Market Share Analysis

10.3.1.2.2.           By Vehicle Type Market Share Analysis

10.3.1.2.3.           By Demand Category Market Share Analysis

10.3.1.2.4.           By Application Market Share Analysis

10.3.2.  Iran Automotive Motor Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Volume & Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product Type Market Share Analysis

10.3.2.2.2.           By Vehicle Type Market Share Analysis

10.3.2.2.3.           By Demand Category Market Share Analysis

10.3.2.2.4.           By Application Market Share Analysis

10.3.3.  Saudi Arabia Automotive Motor Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Volume & Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product Type Market Share Analysis

10.3.3.2.2.           By Vehicle Type Market Share Analysis

10.3.3.2.3.           By Demand Category Market Share Analysis

10.3.3.2.4.           By Application Market Share Analysis

10.3.4.  UAE Automotive Motor Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Volume & Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Product Type Market Share Analysis

10.3.4.2.2.           By Vehicle Type Market Share Analysis

10.3.4.2.3.           By Demand Category Market Share Analysis

10.3.4.2.4.           By Application Market Share Analysis

11.  SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12.  Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1.  Robert Bosch GmbH

14.1.1.1.      Company Details

14.1.1.2.      Key Product Offered

14.1.1.3.      Financials (As Per Availability)

14.1.1.4.      Recent Developments

14.1.1.5.      Key Management Personnel

14.1.2.  Borgwarner Inc.

14.1.2.1.      Company Details

14.1.2.2.      Key Product Offered

14.1.2.3.      Financials (As Per Availability)

14.1.2.4.      Recent Developments

14.1.2.5.      Key Management Personnel

14.1.3.  Valeo

14.1.3.1.      Company Details

14.1.3.2.      Key Product Offered

14.1.3.3.      Financials (As Per Availability)

14.1.3.4.      Recent Developments

14.1.3.5.      Key Management Personnel

14.1.4.  Magna International Inc.

14.1.4.1.      Company Details

14.1.4.2.      Key Product Offered

14.1.4.3.      Financials (As Per Availability)

14.1.4.4.      Recent Developments

14.1.4.5.      Key Management Personnel

14.1.5.  Johnson Electric Holdings Limited

14.1.5.1.      Company Details

14.1.5.2.      Key Product Offered

14.1.5.3.      Financials (As Per Availability)

14.1.5.4.      Recent Developments

14.1.5.5.      Key Management Personnel

14.1.6.  Denso Corporation

14.1.6.1.      Company Details

14.1.6.2.      Key Product Offered

14.1.6.3.      Financials (As Per Availability)

14.1.6.4.      Recent Developments

14.1.6.5.      Key Management Personnel

14.1.7.  Continental AG

14.1.7.1.      Company Details

14.1.7.2.      Key Product Offered

14.1.7.3.      Financials (As Per Availability)

14.1.7.4.      Recent Developments

14.1.7.5.      Key Management Personnel

14.1.8.  Siemens AG

14.1.8.1.      Company Details

14.1.8.2.      Key Product Offered

14.1.8.3.      Financials (As Per Availability)

14.1.8.4.      Recent Developments

15.  Strategic Recommendations

15.1.            Key Focus Areas

15.1.1.  Target Regions

15.1.2.  Target Product Type

15.1.3.  Target Vehicle Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Automotive Motor Market was estimated to be USD 35 Billion in 2022.

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In 2022, the Passenger Car Cars segment was the dominant segment by vehicle type in the Global Automotive Motor Market. This dominance can be attributed to the remarkable increase in the sales of Passenger Car cars worldwide, spurred on by the rising disposable income of consumers and the growing demand for energy-efficient vehicles.

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The Asia-Pacific region is currently the dominant player in the global automotive motor market. This dominance is largely attributed to the high production volumes of vehicles and the presence of key automotive motor manufacturers in countries such as China, Japan, and South Korea.

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The major drivers for the Global Automotive Motor Market are the shift toward electric and hybrid vehicles, the integration of advanced driver assistance systems (ADAS) requiring motorized components, and the demand for improved vehicle efficiency through electrified powertrains.

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Srishti Verma

Business Consultant
Press Release

Automotive Motor Market to Grow with a CAGR of 4.8% through 2028

Oct, 2023

The major drivers for the Global Automotive Motor Market are the shift toward electric and hybrid vehicles, the integration of advanced driver assistance systems (ADAS) requiring motorized components