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Automotive Electric Motors Market, Global Outlook and Forecast 2023-2030

Automotive Electric Motors Market, Global Outlook and Forecast 2023-2030

  • Published on : 11 December 2023
  • Pages :71
  • Report Code:SMR-7873859

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Report overview

The global Automotive Electric Motors market was valued at US$ 114150 million in 2022 and is projected to reach US$ 144690 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Automotive Electric Motors market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Automotive Electric Motors market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Automotive Electric Motors market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Electric motor is a machine that transforms or converts electric energy to mechanical energy. Majority of electric motors operate by the internal interaction of magnetic field and winding currents to generate force within the motor. Electric motor finds its major application in the field of industrial fans, machine tools, blowers and pumps, household appliances, disk drives, and machine tools. Generally, electric motor is powered by AC current (power grid, inverters or generators) or direct current (batteries, motor vehicles or rectifiers). Recently various industrial plants have started shifting from gas turbines to electric motors as an alternative source of energy. Energy efficiency is the major factor that has forced the industrial sectors to take such a step. In addition, there is observable transition in the vehicle industry from a phase of traditional vehicles to electric vehicles in various developed and developing countries including U.S., France, Germany, China, Japan and India. The major factor that drives this transition is stringent government regulations that are enforced for reducing the overall greenhouse effect from the environment.
This report aims to provide a comprehensive presentation of the global market for Automotive Electric Motors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Electric Motors. This report contains market size and forecasts of Automotive Electric Motors in global, including the following market information:

  • Global Automotive Electric Motors Market Revenue, 2018-2023, 2024-2030, ($ millions)
  • Global Automotive Electric Motors Market Sales, 2018-2023, 2024-2030, (Units)
  • Global top five Automotive Electric Motors companies in 2022 (%)
In the wake of a surge in production and sales of new energy vehicles, the NEV drive motor market also booms.
We surveyed the Automotive Electric Motors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Automotive Electric Motors Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Automotive Electric Motors Market Segment Percentages, by Type, 2022 (%)
  • AC Motors
  • DC Motors
  • PMBLM
  • SRM
Global Automotive Electric Motors Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Automotive Electric Motors Market Segment Percentages, by Application, 2022 (%)
  • Passenger Car
  • Commercial Vehicle
  • New Energy Vehicle (NEV)
Global Automotive Electric Motors Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Automotive Electric Motors Market Segment Percentages, By Region and Country, 2022 (%)
  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies Automotive Electric Motors revenues in global market, 2018-2023 (Estimated), ($ millions)
  • Key companies Automotive Electric Motors revenues share in global market, 2022 (%)
  • Key companies Automotive Electric Motors sales in global market, 2018-2023 (Estimated), (Units)
  • Key companies Automotive Electric Motors sales share in global market, 2022 (%)
key players include:
  • NIDEC
  • Mabuchi Motor
  • Mitsuba
  • ASMO
  • BorgWarner
  • Valeo
  • Denso
  • BOSCH
  • Mitsubishi Electric
  • Johnson Electric
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Electric Motors, market overview.
Chapter 2: Global Automotive Electric Motors market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Electric Motors manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive Electric Motors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Automotive Electric Motors capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.