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Automotive Motors Market Analysis | CMI


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Title: Automotive Motors Market Analysis | CMI

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  • Automotive Motors Market By Product Type (Direct
    Current Brushed Motors, Direct Current Brushless
    Motors, and Stepper Motors), by Application
    (Performance Motors, Comfort Motors, and Safety
    Motors), by Vehicle Type (Passenger Cars,
    Two/Three Wheelers, and Commercial Vehicles), by
    Commercial Vehicles (Light Commercial Vehicles
    and Heavy Commercial vehicles), by Electric
    Vehicle Type ( Plug-in Hybrid Electric Vehicle,
    Hybrid Electric Vehicle, and Battery Electric
    Vehicle) and by Region (North America, Europe,
    Asia Pacific, Latin America, Middle East, and
    Africa) - Size, Share, Outlook, and Opportunity
    Analysis 2019 2027
  • Motors are an integral part of vehicle components
    such as seat cooling fans, engine cooling fans,
    power steering motors, battery cooling fans, and
    power window motors.

Market Drivers
  • Growing consumer inclination towards such
    advanced features in vehicles, is creating a
    conducive environment for growth of the
    automotive motor market. Moreover, increasing
    sales volume of vehicles is expected to augment
    the market growth. According to Organisation
    Internationale des Constructeurs d'Automobiles,
    in 2018, the production of passenger cars was
    around 75 of the total vehicle production
  • Furthermore, growing adoption of electric
    vehicles is expected to drive growth of the
    Automotive Motor Market. In emerging economics
    such as India and China, electric vehicles are
    steadily becoming popular as an alternative to
    conventional gasoline-powered vehicles, owing to
    the formers fuel-efficient and low- carbon
    emission properties. The performance of an
    electric car depends majorly on its motors and
    battery. Presently, brushed DC motor, brushless
    DC motor, AC induction motor, permanent magnet
    synchronous motor (PMSM), and switched reluctance
    motor (SRM) are the types of motors used for
    electric vehicles. These motors convert electric
    energy into mechanical energy (or vice versa) for
    propulsion of the vehicle, to enable regenerative
    braking or for charging batteries.

  • Furthermore, increasing demand for electric
    vehicles globally is expected to positively
    affect the automotive motor market growth over
    the forecast period. For instance, in 2013, the
    government of India launched National Electric
    Mobility Mission Plan 2020 through which, the
    government plans to introduce 5-6 million
    electric and hybrid electric vehicles in the
    country by 2020.

Segment Information
  • DC brushed motors segment held the dominant
    position in the global automotive motors market
    in 2016
  • A DC brushed motor is an internally commutated
    electric motor, which provides a link between
    external supply circuit and armature of the
    motor. It is designed to run from a direct
    current power source. The brushes of these motors
    are made of materials such as carbon, copper,
    carbon graphite, and metal graphite. Furthermore,
    the DC brushed motor is expected to hold dominant
    position in the global automotive motor market,
    as DC brushed motors have the ability to achieve
    high torque at low speed, which makes these
    motors suitable for various applications in
    vehicles. Systems such as windshield wipers,
    power windows, washers, and cooling fans depend
    on DC brushed motors.

  • Passenger cars segment held the dominant position
    in the global automotive motors market in 2018
  • Among vehicle types, passenger cars segment held
    the dominant position in 2018, and is projected
    to retain its dominance throughout the forecast
    period. For instance, according to the
    International Organization of Motor Vehicle
    Manufacturers, in 2018 the production of
    passenger cars in India increased from 3,229,109
    in 2017 to 3,394,756 Hence, increasing sales
    units are expected to result in growing demand
    for automotive motors, globally.

Figure 1. Global Automotive Motor Market Share
(), by Product Type (2027)
Market Opportunities
  • According to Coherent Market Insights, Asia
    Pacific is projected to retain its dominance
    throughout the forecast period. This is
    attributed to Asia Pacific emerging as a major
    automotive hub, owing to presence of growth
    engines such as India, China, and Japan in the
    region. For instance, according to the
    Organization Internationale des Constructeurs
    d'Automobiles (OICA), in 2018, Asia Pacific held
    around 54 share of the total number of vehicles
    produced globally. It also stated that in 2018,
    China held around 60 share of the total Asia
    Pacific Passenger cars sales, and 29.5 of the
    global automotive sales. Hence, China was the
    largest market in the region in 2018. Rising
    consumer preference for start-stop systems,
    anti-lock braking systems (ABS), and other such
    technologies has accelerated growth of the
    automotive motors market in Asia Pacific.

  • Moreover, various government regulations
    regarding vehicular safety have been implemented
    across the world. According to Bharat New Vehicle
    Safety Assessment Program (India) 2017, critical
    safety features such as airbags, ABS, and seat
    belt reminders are mandatory for OEMs. Such
    regulatory guidelines are aimed at integrating
    advanced safety systems such as ABS and airbags
    in automobiles, which, in turn, is fueling the
    market growth.

Figure 2. Global Automotive Motor Market Share
(), by Region (2017 2027)
Key Players
  • Major players operating in the global automotive
    motor market are Siemens AG, Robert Bosch GmbH,
    Continental AG, Denso Corporation, Magna
    International, Mitsubishi Electric Corporation,
    Valeo S.A., Mahle Group, Nidec Corporation, and
    Borgwarner Inc.

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