Global Automotive Micro Motor Market Growth 2023-2029
LPI (LP Information)' newest research report, the “Automotive Micro Motor Industry Forecast” looks at past sales and reviews total world Automotive Micro Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Micro Motor sales for 2023 through 2029. With Automotive Micro Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Micro Motor industry.
This Insight Report provides a comprehensive analysis of the global Automotive Micro Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Micro Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Micro Motor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Micro Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Micro Motor.
The global Automotive Micro Motor market size is projected to grow from US$ 14660 million in 2022 to US$ 17920 million in 2029; it is expected to grow at a CAGR of 17920 from 2023 to 2029.
Global core automotive micro motor players include Asmo (Denso), Johnson Electric, NIDEC, Bosch and Mitsuba etc. The top 5 companies hold a share about 55% in 2021. Europe is the largest market, with a share about 30%, followed by China and North America with the share about 25% and 20%. In terms of product, brushed dc motor is the largest segment, with a share about 98%, followed by brushless dc motor, with a share about 2%. And in terms of application, the largest application is passenger car, with a share about 85%, followed by commercial vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Micro Motor market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Brushed DC Motor
Brushless DC Motor
Segmentation by application
This report also splits the market by region:
Middle East & Africa
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Keyang Electric Machinery
Shanghai SIIC Transportation
Igarashi Motors India
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Micro Motor market?
What factors are driving Automotive Micro Motor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Micro Motor market opportunities vary by end market size?
How does Automotive Micro Motor break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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