Automotive Electric Motors Market by Vehicle Type, Motor, Application

List of Tables

The Automotive Electric Motors Market was valued at USD 1.25 billion in 2023, expected to reach USD 1.32 billion in 2024, and is projected to grow at a CAGR of 5.88%, to USD 1.86 billion by 2030.

The scope of the automotive electric motors market encompasses the design, manufacture, and distribution of electric motors designed specifically for automotive applications, including propulsion systems in electric and hybrid vehicles, power steering, HVAC systems, and on-board chargers. The necessity of these motors is accentuated by the global shift towards sustainable transportation solutions, driven by stringent emission regulations and consumer demand for energy-efficient vehicles. Automotive electric motors find applications in a diverse range of vehicles, including passenger cars, commercial vehicles, and two-wheelers. The end-use scope is expanded further as they play crucial roles in enhancing vehicle performance and lowering energy consumption. Key growth influencers include the increasing adoption of electric vehicles (EVs), ongoing advancements in automotive technologies, and supportive governmental policies. Opportunities lie in the robust R&D to develop high efficiency, lightweight motors, which can address range anxiety-a critical consumer concern-and thereby accelerate EV adoption. Investments in manufacturing capabilities using green technologies also present potential advantages. However, challenges such as high manufacturing costs, a complex integration process, and supply chain dependencies may impede growth. Innovation can be fostered by exploring advancements in motor materials, such as rare earth alternatives or improved thermal management solutions, and in emerging fields like autonomous transportation where electric motor applications might vary. The market landscape is dynamic, with intense competition among established and emerging players striving to improve motor efficiency and compactness. Recommendations for businesses include focusing on developing scalable and customizable solutions to meet varying OEM requirements and investing in partnerships across the automotive ecosystem for integrated solutions. As the automotive electric motor market continues to evolve, emphasizing innovation and sustainability will be paramount in capitalizing on growth opportunities.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.25 billion
Estimated Year [2024]	USD 1.32 billion
Forecast Year [2030]	USD 1.86 billion
CAGR (%)	5.88%

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

The Automotive Electric 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 production and sale of automotive vehicles worldwide
- Availability of government support for the adoption of electric vehicles
Market Restraints
- High cost of advanced electric motors
Market Opportunities
- Rising innovations to enhance the energy efficiency of electric motors
- Collaboration activities between market vendors and automotive manufacturers for the adoption of electric motors
Market Challenges
- Complexity with the design and integration of electric motors into existing automotive vehicles

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

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automotive Electric 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 Electric Motors Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automotive Electric 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 Electric Motors Market

A detailed market share analysis in the Automotive Electric 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 Electric Motors Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automotive Electric 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 Electric Motors Market

A strategic analysis of the Automotive Electric 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 Electric Motors Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AMETEK Inc., Anaheim Automation, Inc., ARC Systems, Inc., BorgWarner Inc., Brook Crompton Group, Buhler Motor GmbH, Continental AG, DENSO Corporation, Emerson Electric Co., Faulhaber GmbH & Co. KG, Franklin Electric Co., Inc., General Motors Company, Hitachi Ltd., Johnson Electric Holdings Limited, Maxon Motor AG, Mitsubishi Electric Corporation, Motor Specialty Inc., Nidec Corporation, Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Toshiba Corporation, and Valeo SA.

Market Segmentation & Coverage

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

Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars.
Based on Motor, market is studied across AC Motors and DC Motors.
Based on Application, market is studied across Auxiliary Motors, Performance Motors, and Propulsion Motor.
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, Florida, Illinois, New York, Ohio, Pennsylvania, 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-CB04E056532E

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 production and sale of automotive vehicles worldwide
  - 5.1.1.2. Availability of government support for the adoption of electric vehicles
- 5.1.2. Restraints
  - 5.1.2.1. High cost of advanced electric motors
- 5.1.3. Opportunities
  - 5.1.3.1. Rising innovations to enhance the energy efficiency of electric motors
  - 5.1.3.2. Collaboration activities between market vendors and automotive manufacturers for the adoption of electric motors
- 5.1.4. Challenges
  - 5.1.4.1. Complexity with the design and integration of electric motors into existing automotive vehicles
5.2. Market Segmentation Analysis
- 5.2.1. Motor: Growing usage of AC motors due to their efficiency and durability
- 5.2.2. Application: High potential for auxiliary motors to improve a vehicle's overall energy consumption
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 Electric Motors Market, by Vehicle Type

6.1. Introduction
6.2. Commercial Vehicles
6.3. Passenger Cars

7. Automotive Electric Motors Market, by Motor

7.1. Introduction
7.2. AC Motors
7.3. DC Motors

8. Automotive Electric Motors Market, by Application

8.1. Introduction
8.2. Auxiliary Motors
8.3. Performance Motors
8.4. Propulsion Motor

9. Americas Automotive Electric Motors Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automotive Electric Motors Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automotive Electric Motors Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Aisin Corporation Unveils Revolutionary High-Efficiency Motor Using NANOMET at Automotive Engineering Exposition 2023
- 12.3.2. Bosch Advances Electromobility with Innovative 800-Volt Powertrain Technology
- 12.3.3. Infinitum Acquires Circuit Connect to Enhance Production of Innovative Air Core Motors
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ABB Ltd.
2. AMETEK Inc.
3. Anaheim Automation, Inc.
4. ARC Systems, Inc.
5. BorgWarner Inc.
6. Brook Crompton Group
7. Buhler Motor GmbH
8. Continental AG
9. DENSO Corporation
10. Emerson Electric Co.
11. Faulhaber GmbH & Co. KG
12. Franklin Electric Co., Inc.
13. General Motors Company
14. Hitachi Ltd.
15. Johnson Electric Holdings Limited
16. Maxon Motor AG
17. Mitsubishi Electric Corporation
18. Motor Specialty Inc.
19. Nidec Corporation
20. Regal Rexnord Corporation
21. Robert Bosch GmbH
22. Rockwell Automation, Inc.
23. Schneider Electric SE
24. Siemens AG
25. Toshiba Corporation
26. Valeo SA