Market HighlightsThe global Automotive Motor Market is expected to exhibit a solid 6.5% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global Automotive Motor Market is mainly driven by the growing demand for safety and infotainment features in passenger vehicles.
Competitive Analysis:
Leading players in the global Automotive Motor Market include REIL Electricals India Limited, SAIC Motor Corporation Limited, PMP Auto Components Pvt. Ltd., Mahle Group, Mitsuba Corporation, Borgwarner Inc., Valeo S.A., Magna International, Siemens AG, Mitsubishi Electric Corporation, Denso Corporation, Nidec Corporation, Continental AG, Johnson Electric Holdings Ltd., and Robert Bosch GmbH.
In August 2019, Nidec announced plans to for a joint venture with GAC (Guangzhou Automobile Company) Components Co. Ltd. for the production and development of automotive traction motors.
Browse Report @ https://www.marketresearchfuture.com/reports/automotive-motor-market-5595
Segmentation:
The Automotive Motor Market is segmented based on product, application, vehicle type, and electric vehicle type.
By product, the market is segmented based on DC brushed, BLDC motors, and stepper. The DC brushed motor segment is likely to dominate the global Automotive Motor Market over the forecast period due to their easy installation and low cost.
By application, the market is segmented into performance motors, comfort motors, and safety motors. Performance motors are likely to be the major revenue generator for the Automotive Motor Market over the forecast period due to the growing demand for performance motors for increasing the overall performance of vehicles.
By vehicle type, the global Automotive Motor Market is segmented into passenger and commercial vehicles. The passenger vehicles segment is likely to dominate the global Automotive Motor Market over the forecast period due to the increasing demand for enhanced performance from passenger cars.
By electric vehicle type, the global Automotive Motor Market is segmented into battery electric vehicles, plug in hybrid electric vehicles, and hybrid electric vehicles.
Regional Analysis:
The global Automotive Motor Market is likely to be dominated by Asia Pacific over the forecast period due to the growing demand for gizmos such as HVAC units, entertainment units, and movable, flexible seats. The growing automotive industry in Asia Pacific has driven the Automotive M