Automotive Motors Market by Product, Function, Power Output, Sales Channel, Application, Vehicle Type

List of Tables

The Automotive Motors Market was valued at USD 27.86 billion in 2023, expected to reach USD 29.49 billion in 2024, and is projected to grow at a CAGR of 6.03%, to USD 41.98 billion by 2030.

The automotive motors market encompasses a wide array of components that convert electrical or various types of energy into mechanical energy to propel vehicles. This market is integral to vehicle production, addressing applications across conventional internal combustion engines, electric and hybrid vehicles, and other advanced automotive technologies. The necessity of automotive motors is underlined by the industry's shift towards sustainability, efficiency, and enhanced performance, aligning with the global push for energy conservation and reduced emissions. With applications ranging from engine cooling, HVAC systems, and power windows to critical components in EVs and hybrid cars, the end-use scope comprises a blend of traditional and modern vehicle architectures. The market is significantly influenced by technological advancements, regulatory changes focused on emission control, and rising consumer demand for advanced automotive features. Notably, increased production and adoption of electric vehicles present a pivotal opportunity, incentivizing innovation in motor efficiency and performance. Companies can explore intelligent motor systems, integrated electronic controls, and lightweight materials to capture these opportunities. However, limitations such as high initial costs, complexities in integration with existing systems, and a shortage of skilled workforce pose challenges to rapid market growth. Additionally, supply chain disruptions and fluctuating material costs can hinder development and production timelines. By focusing on areas like the development of high-efficiency motors compatible with multiple powertrain configurations and enhancement of thermal management systems, businesses can innovate effectively. Research into solid-state technologies and wireless power transfer systems also holds promise for automotive motors, opening new pathways for vehicle electrification and performance improvement. The dynamic nature of the market reflects a continuous evolution driven by consumer preferences, regulatory frameworks, and technological breakthroughs, emphasizing the importance of agile strategies and adaptable research methodologies to ensure competitive growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 27.86 billion
Estimated Year [2024]	USD 29.49 billion
Forecast Year [2030]	USD 41.98 billion
CAGR (%)	6.03%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automotive Motors Market

The Automotive Motors Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing demand for brushless motors in electric vehicles
- Rising production and sales of sustainable passenger cars
- Supportive government initiatives promoting the adoption of electric vehicles
Market Restraints
- Issues associated with the limited high speed and torque of automotive motors
Market Opportunities
- Increasing focus on incorporating advanced driver assistance systems in vehicles
- Ongoing technological advancements in automotive motors
Market Challenges
- Challenges in infrastructure readiness for electric vehicles and related motor technologies

Porter's Five Forces: A Strategic Tool for Navigating the Automotive Motors Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automotive Motors Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automotive Motors Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automotive Motors Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automotive Motors Market

A detailed market share analysis in the Automotive Motors Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automotive Motors Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automotive Motors Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Automotive Motors Market

A strategic analysis of the Automotive Motors Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Automotive Motors Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Advanced Electric Machines Ltd, Attron Automotive Private Limited, Borgwarner Inc., Brogen, Buhler Motor GmbH, Continental AG, DeepDrive, EVR Motors, General Motors Company, Hitachi Ltd., Johnson Electric Holdings Limited, Lucas TVS Limited, Magna International Inc., MAHLE GmbH, Mitsuba Corporation, Mitsubishi Motors Corporation, Nidec Corporation, Regal Rexnord Corporation, REIL Electricals India Limited, Robert Bosch GmbH, Toshiba Corporation, United Motion Inc., Valeo SA, YASA Limited, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Motors Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product, market is studied across Brushed Motor, Brushless Motor, and Stepper Motor.
Based on Function, market is studied across Electric Vehicle, Hybrid Vehicle, and ICE Vehicle.
Based on Power Output, market is studied across High Power Output Motors, Low Power Output Motors, Medium Power Output Motors, and Ultra-High Power Output Motors.
Based on Sales Channel, market is studied across Aftermarket and OEMs.
Based on Application, market is studied across Body Electronics, Chassis & Powertrain, and Safety & Security. The Body Electronics is further studied across Power Seats Motors, Power Windows Motors, and Sunroofs Motors. The Chassis & Powertrain is further studied across Anti-lock Braking System Motors, Electric Motors, Engine Cooling Fan Motors, and Transmission Motors. The Safety & Security is further studied across Automatic Headlamp Motors and Power Folding Mirror Motors.
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars. The Commercial Vehicles is further studied across Heavy Commercial Vehicles and Light Commercial Vehicles. The Passenger Cars is further studied across Hatchbacks, Sedans, and SUVs.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Indiana, Kentucky, Michigan, Missouri, Ohio, South Carolina, Tennessee, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-030C42D3EA36

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for brushless motors in electric vehicles
  - 5.1.1.2. Rising production and sales of sustainable passenger cars
  - 5.1.1.3. Supportive government initiatives promoting the adoption of electric vehicles
- 5.1.2. Restraints
  - 5.1.2.1. Issues associated with the limited high speed and torque of automotive motors
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing focus on incorporating advanced driver assistance systems in vehicles
  - 5.1.3.2. Ongoing technological advancements in automotive motors
- 5.1.4. Challenges
  - 5.1.4.1. Challenges in infrastructure readiness for electric vehicles and related motor technologies
5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing usage of brushed motors due to their simplicity and cost-effectiveness
- 5.2.2. Function: Rising usage of electric motors in public transport and fleet vehicles for green mobility
- 5.2.3. Power Output: Potential use of high-power output motors in electric aircraft and advanced machinery
- 5.2.4. Sales Channel : Growing adoption of e-commerce channels for better convenience and wider reach
- 5.2.5. Application: Increasing demand of automotive motors in body electronics to offer luxury and heightened convenience
- 5.2.6. Vehicle Type: High adoption of automotive motors across commercial vehicles for ensuring high torque and robustness
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Automotive Motors Market, by Product

6.1. Introduction
6.2. Brushed Motor
6.3. Brushless Motor
6.4. Stepper Motor

7. Automotive Motors Market, by Function

7.1. Introduction
7.2. Electric Vehicle
7.3. Hybrid Vehicle
7.4. ICE Vehicle

8. Automotive Motors Market, by Power Output

8.1. Introduction
8.2. High Power Output Motors
8.3. Low Power Output Motors
8.4. Medium Power Output Motors
8.5. Ultra-High Power Output Motors

9. Automotive Motors Market, by Sales Channel

9.1. Introduction
9.2. Aftermarket
9.3. OEMs

10. Automotive Motors Market, by Application

10.1. Introduction
10.2. Body Electronics
- 10.2.1. Power Seats Motors
- 10.2.2. Power Windows Motors
- 10.2.3. Sunroofs Motors
10.3. Chassis & Powertrain
- 10.3.1. Anti-lock Braking System Motors
- 10.3.2. Electric Motors
- 10.3.3. Engine Cooling Fan Motors
- 10.3.4. Transmission Motors
10.4. Safety & Security
- 10.4.1. Automatic Headlamp Motors
- 10.4.2. Power Folding Mirror Motors

11. Automotive Motors Market, by Vehicle Type

11.1. Introduction
11.2. Commercial Vehicles
- 11.2.1. Heavy Commercial Vehicles
- 11.2.2. Light Commercial Vehicles
11.3. Passenger Cars
- 11.3.1. Hatchbacks
- 11.3.2. Sedans
- 11.3.3. SUVs

12. Americas Automotive Motors Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Automotive Motors Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Automotive Motors Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. DeepDrive secures EUR 30 Million to advance electric motor technology and boost EV adoption
- 15.3.2. YASA develops electric motor redefining performance and efficiency in automotive mobility
- 15.3.3. Toshiba launches TB9103FTG IC for advancement in miniaturization of automotive brushed DC motors
- 15.3.4. Nidec Corporation unveils innovative compact air suspension motor for automobiles
- 15.3.5. EVR Motors establishes new plant in India to boost production of advanced trapezoidal geometry coils for EVs
- 15.3.6. EVR Motors establishes pioneering manufacturing presence in India to meet rising electric vehicle demand
- 15.3.7. KPS Capital Partners LP acquires Innomotics GmbH from Siemens for EUR 3.5 Billion
- 15.3.8. DG Innovate and EVage Motors to kickstart EV motor production in Punjab, India
- 15.3.9. Toshiba unveils SmartMCD series gate driver ICs for enhanced automotive motor control
- 15.3.10. Schaeffler AG and Vitesco Technologies Group AG merge to form EV powertrain supplier
- 15.3.11. Attron Automotive unveils next-gen electric motors and controllers at Bharat Mobility Expo 2024
- 15.3.12. Nidec expands global footprint with strategic acquisitions and new manufacturing facilities in India and Serbia
- 15.3.13. Continental and DeepDrive partners to advance EV technology with innovative in-wheel motor and brake system integration
- 15.3.14. Nidec launches cost-effective electric power steering motor power pack for enhanced vehicle steering
15.4. Strategy Analysis & Recommendation
- 15.4.1. Toshiba Corporation
- 15.4.2. Nidec Corporation
- 15.4.3. Hitachi Ltd.
- 15.4.4. BorgWarner Inc.

Companies Mentioned

1. ABB Ltd.
2. Advanced Electric Machines Ltd
3. Attron Automotive Private Limited
4. Borgwarner Inc.
5. Brogen
6. Buhler Motor GmbH
7. Continental AG
8. DeepDrive
9. EVR Motors
10. General Motors Company
11. Hitachi Ltd.
12. Johnson Electric Holdings Limited
13. Lucas TVS Limited
14. Magna International Inc.
15. MAHLE GmbH
16. Mitsuba Corporation
17. Mitsubishi Motors Corporation
18. Nidec Corporation
19. Regal Rexnord Corporation
20. REIL Electricals India Limited
21. Robert Bosch GmbH
22. Toshiba Corporation
23. United Motion Inc.
24. Valeo SA
25. YASA Limited
26. ZF Friedrichshafen AG