Automotive Motor Market Size, Share, Trends, Growth Outlook

Automotive Motor Market is estimated to increase at a growth rate of 6.1% CAGR over the forecast period from 2024 to 2030.

The global Automotive Motor Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Brushed Motors, Brushless Motors, Stepper Motors), By Vehicle (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Electric Vehicle (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV)), By Function (Performance Motors, Comfort Motors, Safety Motors), By Application (Electric Water Pump, Electronic Throttle Valve Control, Electric Power Steering, Radiator Cooling Fan, Fuel Pump, Air Conditioner, Others).

An Introduction to Global Automotive Motor Market, 2024

The Automotive Motor market is pivotal in various vehicle systems, including powertrains, HVAC (heating, ventilation, and air conditioning), and power windows, among others. Motors are essential for converting electrical energy into mechanical energy, providing motion and functionality to different vehicle components. With the automotive industry's increasing focus on electrification, efficiency, and enhanced vehicle features, the demand for high-performance motors continues to surge. Manufacturers in this market concentrate on developing motors with advanced designs, materials, and control systems to meet the stringent requirements of modern vehicles, including compact size, high torque output, and energy efficiency. Moreover, advancements in motor technology, such as brushless DC motors, stepper motors, and integrated motor controllers, drive innovation, enabling improved performance, reliability, and integration with vehicle systems. Additionally, as vehicle designs evolve to incorporate more electric and autonomous features, the Automotive Motor market presents opportunities for further innovation and customization to meet the evolving needs of vehicle manufacturers, ensuring optimal vehicle performance and user experience.

Automotive Motor Competitive Landscape

The global Automotive Motor market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Automotive Motor Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Automotive Motor Market Industry include- Aisin Seiki Co. Ltd, BorgWarner Inc, Continental AG, Denso Corp, Johnson Electric Holdings Ltd, Magna International Inc, MAHLE GmbH, Meritor Inc, Mitsubishi Electric Corp, Nidec Corp, Robert Bosch GmbH, ZF Friedrichshafen AG.

Automotive Motor Market Trend: Electrification of Vehicles and Adoption of Electric Motors

A prominent trend in the automotive motor market is the electrification of vehicles and the widespread adoption of electric motors. With the global automotive industry transitioning towards greener and more sustainable mobility solutions, there is a growing demand for electric and hybrid vehicles powered by electric motors. These motors are used in various vehicle applications, including propulsion, power steering, HVAC systems, and auxiliary functions. As automakers invest in electrification strategies to reduce emissions and improve fuel efficiency, the demand for electric motors is expected to surge, driving growth in the automotive motor market.

Automotive Motor Market Driver: Regulatory Push for Emissions Reduction and Fuel Efficiency

A significant driver shaping the automotive motor market is the regulatory push for emissions reduction and fuel efficiency. Governments worldwide are imposing increasingly stringent emissions regulations and fuel efficiency standards to mitigate climate change and reduce air pollution. As a result, automakers are under pressure to develop vehicles with lower emissions and higher fuel efficiency. Electric motors play a crucial role in achieving these objectives by powering electric and hybrid vehicles, which produce fewer emissions and consume less fuel than conventional internal combustion engine vehicles. As regulatory requirements become more stringent, the demand for electric motors to power eco-friendly vehicles is expected to rise, fueling market growth in the automotive motor segment.

Automotive Motor Market Opportunity: Development of High-Efficiency and Lightweight Motors

An emerging opportunity in the automotive motor market lies in the development of high-efficiency and lightweight motors. With the increasing focus on improving vehicle efficiency and performance, there is a growing demand for electric motors that offer higher power density, improved energy efficiency, and reduced weight. Manufacturers have the opportunity to innovate and develop advanced motor technologies, such as permanent magnet synchronous motors (PMSMs) and brushless DC motors (BLDCs), that deliver superior performance while minimizing energy losses and weight. Additionally, the use of lightweight materials and innovative design techniques can further enhance motor efficiency and reduce vehicle weight, contributing to overall fuel economy and driving dynamics. By capitalizing on this opportunity and offering high-efficiency and lightweight motor solutions, manufacturers can meet the evolving needs of automakers for advanced propulsion systems, positioning themselves as leaders in the automotive motor market and driving growth in this segment.

Automotive Motor Market Segmentation

By Type
Brushed Motors
Brushless Motors
Stepper Motors
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Electric Water Pump
Electronic Throttle Valve Control
Electric Power Steering
Radiator Cooling Fan
Fuel Pump
Air Conditioner
OthersGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Automotive Motor Companies

Aisin Seiki Co. Ltd
BorgWarner Inc
Continental AG
Denso Corp
Johnson Electric Holdings Ltd
Magna International Inc
MAHLE GmbH
Meritor Inc
Mitsubishi Electric Corp
Nidec Corp
Robert Bosch GmbH
ZF Friedrichshafen AG
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Automotive Motor Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Automotive Motor Market Size Outlook, $ Million, 2021 to 2030
3.2 Automotive Motor Market Outlook by Type, $ Million, 2021 to 2030
3.3 Automotive Motor Market Outlook by Product, $ Million, 2021 to 2030
3.4 Automotive Motor Market Outlook by Application, $ Million, 2021 to 2030
3.5 Automotive Motor Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Automotive Motor Industry
4.2 Key Market Trends in Automotive Motor Industry
4.3 Potential Opportunities in Automotive Motor Industry
4.4 Key Challenges in Automotive Motor Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Automotive Motor Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Automotive Motor Market Outlook by Segments
7.1 Automotive Motor Market Outlook by Segments, $ Million, 2021- 2030
By Type
Brushed Motors
Brushless Motors
Stepper Motors
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Electric Water Pump
Electronic Throttle Valve Control
Electric Power Steering
Radiator Cooling Fan
Fuel Pump
Air Conditioner
Others

8 North America Automotive Motor Market Analysis and Outlook To 2030
8.1 Introduction to North America Automotive Motor Markets in 2024
8.2 North America Automotive Motor Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Automotive Motor Market size Outlook by Segments, 2021-2030
By Type
Brushed Motors
Brushless Motors
Stepper Motors
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Electric Water Pump
Electronic Throttle Valve Control
Electric Power Steering
Radiator Cooling Fan
Fuel Pump
Air Conditioner
Others

9 Europe Automotive Motor Market Analysis and Outlook To 2030
9.1 Introduction to Europe Automotive Motor Markets in 2024
9.2 Europe Automotive Motor Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Automotive Motor Market Size Outlook by Segments, 2021-2030
By Type
Brushed Motors
Brushless Motors
Stepper Motors
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Electric Water Pump
Electronic Throttle Valve Control
Electric Power Steering
Radiator Cooling Fan
Fuel Pump
Air Conditioner
Others

10 Asia Pacific Automotive Motor Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Automotive Motor Markets in 2024
10.2 Asia Pacific Automotive Motor Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Automotive Motor Market size Outlook by Segments, 2021-2030
By Type
Brushed Motors
Brushless Motors
Stepper Motors
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Electric Water Pump
Electronic Throttle Valve Control
Electric Power Steering
Radiator Cooling Fan
Fuel Pump
Air Conditioner
Others

11 South America Automotive Motor Market Analysis and Outlook To 2030
11.1 Introduction to South America Automotive Motor Markets in 2024
11.2 South America Automotive Motor Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Automotive Motor Market size Outlook by Segments, 2021-2030
By Type
Brushed Motors
Brushless Motors
Stepper Motors
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Electric Water Pump
Electronic Throttle Valve Control
Electric Power Steering
Radiator Cooling Fan
Fuel Pump
Air Conditioner
Others

12 Middle East and Africa Automotive Motor Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Automotive Motor Markets in 2024
12.2 Middle East and Africa Automotive Motor Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Automotive Motor Market size Outlook by Segments, 2021-2030
By Type
Brushed Motors
Brushless Motors
Stepper Motors
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Electric Water Pump
Electronic Throttle Valve Control
Electric Power Steering
Radiator Cooling Fan
Fuel Pump
Air Conditioner
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Aisin Seiki Co. Ltd
BorgWarner Inc
Continental AG
Denso Corp
Johnson Electric Holdings Ltd
Magna International Inc
MAHLE GmbH
Meritor Inc
Mitsubishi Electric Corp
Nidec Corp
Robert Bosch GmbH
ZF Friedrichshafen AG

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Brushed Motors
Brushless Motors
Stepper Motors
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Electric Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
By Function
Performance Motors
Comfort Motors
Safety Motors
By Application
Electric Water Pump
Electronic Throttle Valve Control
Electric Power Steering
Radiator Cooling Fan
Fuel Pump
Air Conditioner
Others