Germany automotive motors market is projected to grow at a significant CAGR of 8.9%during the forecast period. The key factors that drive the Germany automotive motors market include the strong and robust automotive industry in the country along with the presence of the major automakers and auto-ancillaries in the country such as Audi, BMW, Ford-Werke GmbH, Mercedes-Benz, Volkswagen, Robert Bosch, Continental, MAHLE among many others. The rapid advancements by the key players in automobiles along with the introduction of electric vehicles primarily encourage the adoption of automotive motors. For instance, Audi AG introduced its first electric car model Audi e-tron in the market in May 2019 and is planning to invest some more to manufacture electric vehicles as significant demand is expected in the electric vehicle. Thus, this shift is likely to enhance the growth of the automotive motor industry over the forecast period.
Germany’s automotive motors market is segmented by type, vehicle type, and distribution channel. Based on the type, the market is sectioned as brushless dc motor & 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 further 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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Germany 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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Company Profiles
- ABB Ltd.
- Borgwarner Inc.
- Brose Fahrzeugteile SE & Co. KG
- Buhler Motor GmbH
- Continental AG
- Denso Corp.
- Johnson Electric Holdings Ltd.
- Magna International Inc.
- Mahle GmbH
- Mitsubishi Electric Corp.
- Nidec Corp.
- Robert Bosch GmbH
- Siemens AG
- Valeo SA
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