The global automotive motor market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028). Motors are an integral part of a vehicle that supports perform its operation smoothly. It is present in any vehicle operation that involves continuous rotational motion. The utilization of the electric motor in automobiles tends to enhance efficiency. The increase in production of vehicles and rising demand for energy-efficient vehicles are some of the driving factors for the growth of the global automotive motor market. Additionally, the rise in the adoption of electric vehicles due to the problem of increase in pollution from conventional cars and strict emission norms and supportive government policies are further driving the growth of the market. However, the high cost is expected to restrain the growth of the market.
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Scope of the Automotive Motor Report
The research study analyzes the Automotive Motor industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Automotive Motor Market Segmentation:
By Product Type
- Stepper Motors
- Brushless Motors
- Brushed Motors
By Vehicle Type
- Passengers Vehicles
- Commercial Vehicle
By Application
- Comfort Motors
- Performance Motors
- Safety Motors
Some major players in the market include Robert Bosch GmbH, Nidec Corp., and Continental AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market.
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Motor Market Report
- What was the Automotive Motor Market size in 2021 and 2027; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Automotive Motor Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Automotive Motor Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Automotive Motor market.
- The market share of the Automotive Motor market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Automotive Motor market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Automotive Motor market.
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