PUBLISHER: IMARC | PRODUCT CODE: 1609798
PUBLISHER: IMARC | PRODUCT CODE: 1609798
Japan automotive motors market size reached USD 2.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.7 Billion by 2033, exhibiting a growth rate (CAGR) of 6.7% during 2025-2033. The rising adoption of advanced safety features in automobiles, along with the widespread utilization of electric vehicles (EVs), is primarily driving the market growth.
Automotive motors consist of several key components, including a rotor, stator, encoder, conductive wiring, amplifier, and frame. These motors are known for their ability to provide substantial torque and power output while efficiently converting a significant portion of energy into mechanical power. Automotive motors offer remarkable versatility and find application across a range of vehicle types, including passenger cars, battery electric vehicles (BEVs), two-wheelers, heavy commercial vehicles (HCVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). They contribute to enhanced vehicle performance, safety, comfort, convenience, and security. Furthermore, due to their capacity to generate higher power and achieve greater thermal efficiency, automotive motors are widely integrated into various vehicle systems and components.
In the context of the Japanese market, there are several factors contributing to the positive momentum of the automotive motor industry. Presently, growing environmental concerns and the increasing demand for electric vehicles (EVs) are playing a pivotal role in driving the market's expansion on a global scale. Concurrently, rising disposable incomes and changing consumer preferences for vehicles equipped with advanced safety and convenience features are spurring the demand for automotive motors within Japan. Furthermore, the widespread adoption of brushed direct current (DC) motors is notable in Japan, primarily due to their ease of speed control, cost-effectiveness, and high-power output. This adoption is contributing to a positive market outlook within the country. Additionally, various governments, including the Japanese government, are implementing policies mandating higher fuel efficiency, lower emissions, and stricter environmental standards. This aligns with the growing investments in research and development (R&D) activities and the introduction of innovative products such as compact and high-efficiency automotive motors. These innovations aim to reduce maintenance costs, enhance vehicle responsiveness, minimize overall vehicle weight, and maximize fuel efficiency, further strengthening the market's growth in Japan. Moreover, there is an increasing emphasis on the use of renewable energy sources in Japan, which aligns with the introduction of smart automotive motors capable of executing complex operations. This emphasis on sustainability and technological advancements is expected to propel the growth of the automotive motor market within Japan over the forecasted period.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:
Please note that this is only a partial list of the key players, and the complete list is provided in the report.