The European automotive motors market is projected to grow at a significant CAGR of 9.1% during the forecast period. UK, Germany, Spain, Italy, France, Czech Republic, and Russia are the major countries contributing to the market as these countries are among the leading automotive manufacturers across the globe. European countries are laying emphasis on shifting their focus on power generation through renewable resources and promoting electric vehicles that are environmentally friendly. Thus, this is expected to increase the demand for automotive motors in the market for the manufacturing of vehicles including electric vehicles.
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The European automotive motors market is segmented into the type, vehicle type, and distribution channel. Based on the type, the market has been sectioned as brushless dc motor and 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 segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others. Whereas the electric vehicles segment is sub-segmented into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). The electric vehicle segment will be the fastest-growing segment during the forecast period in the region. By distribution channel, the market is segmented as OEM and aftermarket.
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Europe 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
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
