The Asia-Pacific automotive motors market is projected to grow at a significant CAGR of 9.7% during the forecast period. The key factors that drive the Asia-Pacific automotive motors market include the substantial growth in the electric vehicle market and rising production capacities in the automotive industry in the region, especially in China, Japan, and India. The automotive manufacturers significantly focusing on fueling their production capacity to leverage the emerging demand for vehicles all across the globe. This will likely support the demand for automotive motors owing to its potential benefits including comfort, convenience, and safety. Besides, the launch of several electric vehicles by the key players such as Toyota, Hyundai, Honda, Kia, BYD, SAIC, BAIC, Mahindra, Tata among others are also driving the market growth in the region.
The Asia-Pacific automotive motors market is segmented by type, vehicle type, and distribution channel. By type, the market is segmented into brushless dc & stepper motor, brushed dc motor, ac induction motor, and others. Based on the vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and electric vehicles. Commercial vehicles segment is further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others. Whereas, the electric vehicles segment is further sub-segmented into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). Based on the distribution channel, the market is segmented as OEM and aftermarket.
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Asia-Pacific Automotive Motors Market Segmentation
By Type
- Brushless DC Motor&Stepper Motor
- Brushed DC Motor
- AC Induction Motor
- Others
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Others (Buses & Coaches)
- Electric Vehicles
- Battery Electric Vehicles (BEVs)
- Plug-in Electric Vehicles (PEVs)
- Hybrid Electric Vehicles (HEVs)
By Distribution Channel
- OEM
- Aftermarket
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Regional Analysis
- Asia-Pacific
- China
- India
- Japan
- ASEAN
- South Korea
Rest of Asia-Pacific
Company Profiles
- Borgwarner Inc.
- Brose Fahrzeugteile SE & Co. KG
- Buhler Motor GmbH
- BYD Auto Co., Ltd.
- Continental AG
- Denso Corp.
- Johnson Electric Holdings Ltd.
- Mahle GmbH
- Magna International Inc.
- Mitsubishi Electric Corp.
- Robert Bosch GmbH
- Siemens AG
- Valeo SA
- Yamaha Motor Co.
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