Global Automotive Motors Market (2020-2025) by motor type, function, vehicle type and geography, Impact of Covid-19, Ansoff's analysis
An automotive motor is a machine which is used in vehicles for the conversion of electrical energy into mechanical energy. In the majority of the vehicles, the IC engine is used to burn the fuel to produce heat which is then converted into mechanical energy by motors. However, in the case of electric vehicles, electric energy is converted into mechanical energy. Other applications of the motors are in the power steering, HVAC system, power windows, and side mirrors, etc.
The Global Automotive Motors Market is estimated to be USD 21.4 Bn in 2020 and is expected to reach USD 27.12 Bn by 2025 growing at a CAGR of 4.85%.
Growth of the market is attributed to the increasing demand for EVs, rising focus on safety and convenience, and increasing demand of advanced autonomous system.
Heavy weight of the components and high cost are hindering the market growth.
On the other hand, electric commercial vehicles and demand of luxury vehicles have created lucrative opportunities for the market.
Growing Demand of Electric Vehicles
Rising Focus on Safety and Convenience
Rising Demand for Advanced Autonomous Systems
Heavy Weight, High Cost
Electric Commercial Vehicles
Increasing Demand of Luxury Vehicles
By Vehicle type, Passenger car segment is expected to hold largest market share by 2025. The increasing applications of motor in passenger cars, adoption of electric vehicles etc. are expected to drive the growth of the segment.
APAC region is expected to hold largest market share by 2025 owing to the increasing adoption of passenger vehicles in the market. Increasing focus on convenience and rising adoption of EVs in APAC market is also expected to drive the growth of the region.
The Global Low Speed Vehicle Market is segmented based motor type, function, vehicle type and geography.
Global Automotive Motor Market, By Motor Type
Global Automotive Motor Market, By Function
Global Automotive Motor Market, By Vehicle Type
Light commercial vehicle
Heavy commercial vehicle
Global Automotive Motors Market, By Geography
Middle East and Africa
Some of the companies covered in this report are Robert Bosch, Nidec Corporation, Continental, Johnson Electric, Siemens AG, Mitsubishi Electric Corporation etc.
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share etc.
Lions: Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products.
Bulls: Companies that are medium in size competing with their USPs, growing companies with proven market share.
Rabbits: Small companies but growing rapidly, constantly improving their offerings in the market
Tortoise: Companies which are slow in growth, having a long legacy and stable or negative in performance
Why buy this report?
The report offers a comprehensive evaluation of the Global Automotive Motors Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence’s Proprietary competitive positioning tool.
A complete analysis of the market including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
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