Automotive Motors Market (By Application: Power Antenna Motor, Alternator, Electric Parking Brake, Fuel pump Motor, Sunroof Motor, Wiper Motor, Starter Motor, Electric Power Steering, Engine Cooling Fan; By Vehicle Type; By Technology; By Function; By Motor Type) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global automotive motors market size was USD 29.29 billion in 2023, accounted for USD 30.64 billion in 2024, and is expected to reach around USD 45.92 billion by 2033, expanding at a CAGR of 4.6% from 2024 to 2033.
Access our Automotive Data Intelligence Tool with 10000+ Database, Visit: Towards Automotive
The Asia Pacific automotive motors market size was estimated at USD 12.63 billion in 2023 and is predicted to be worth around USD 20.43 billion by 2033, at a CAGR of 4.9% from 2024 to 2033.
On the basis of geography, the region of Asia Pacific has emerged as the largest market due to the increasing demand of better engines and performance pertaining to the rapidly increasing disposable income available with the people. The region of Europe has also recorded a significant growth over the period of years owing to the increasing demand for advanced facilities.
The North America region has emerged as a significant market for the growth of the automotive motor vehicles due to the increasing demand of advanced technologies and vehicles among the people. The rapid acceptance to technological development in this sector has boosted the demand for better performance and economy. The rapidly increasing demand for advanced features in the high-end vehicles has also emerged as a major growth factor for the market in this particular region. Increasing demand for a premium experience while driving a motor vehicle has increased the demand for better engines and motors that produce minimum amount of noise and give out maximum power.
Motors are the most important part of any vehicle which helps in performing the various operations in a smooth manner. It is very significant for the constant rotational motion in the vehicles. motors are used in different types of applications of the vehicles. It is used in the fans of the seat cooling, motors of the power steering motors of the power window, wiper system and the fans utilized in cooling the engine. Due to the outbreak of the COVID-19 pandemic there was a negative impact on the automotive market.
The manufacturing of the vehicles had stopped. due to the lack of the skilled labor the growth of the market was hampered. There are many factors that have led to the growth of the market like the increase in the need for low emissions, increased purchasing power which has created more demand for comfort and safety features. ABS and ESC are some of the safety systems which will create more demand for the electric motors.
In many developed nations like the United States there has been a growth in the demand for the safety and convenience in vehicles. The demand for comfort has also increased due to which the market is expected to grow well in the coming years. Luxury, comfort and safety are some of the factors that will lead to the growth of the market in the coming years. Introduction of the advanced infotainment and the adoption of these systems on a large scale will also lead to the growth of the market in the coming years. Central controllers and telematics will lead to the growth of the market during the forecast period.
The use of the electronic components in the vehicles has also increased to a great extent and the adoption of the software has also increased due to which the market is expected to grow well in the coming years. The demand for electric vehicles is one of the factors that will lead to the growth of the market in the coming year. As the amount of pollution has increased in various nations across the globe the demand for the electric vehicles has also increased as they help in reducing the amount of the missions in the environment. As fossil fuels cannot be renewed their depletion is another factor that will lead to the growth of the market during the forecast period. As though electric vehicles are introduced in the market and their sales are also increasing the demand for the automotive motors will also grow in the coming years.
Report Coverage | Details |
Market Size in 2023 | USD 29.29 Billion |
Market Size in 2024 | USD 30.64 Billion |
Market Size by 2033 | USD 45.92 Billion |
Growth Rate from 2024 to 2033 | CAGR of 4.6% |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | Application, Vehicle Type, Technology, Function, and Motor Type |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Growing demand for the electric vehicles
Increase in the number of initiatives taken by the government
On the basis of type of motor, the segment of brushless motors has emerged as the largest market due to the increasing demand among the potential consumers. The increasing demand of these varieties among the automotive industries has boosted the demand for such applications with a view to provide maximum torque along with a decent speed which attracts the potential consumers.
The durability of such motors is experience to be better as compared to the other varieties available in the market. Most of the functions belonging to the vehicle or managed with the help of these motors.
The passenger car segment is expected to have the largest market share in the coming year. This segment had a greater share in the past in terms of revenue and it will continue to grow well in the coming years period rapid globalization is one of the reasons that will lead to an increase in the demand for the passenger cars. As the disposable income of various consumers across the world have increased there has been no increase in the demand for these passenger cars. Increasing demand for the fuel-efficient vehicles will also lead to a growth in the market. Constant research and development in the field have provided advanced technologies that will help in the growth of the market in the coming years.
On the basis of application, power antenna motor segment is expected to have the largest market share in the coming years. These antennas are used in the cars for the radio. Electric and manual operation of the power antennas will lead to the growth of the market in the coming years. Round coil, electric components, gear assembly, DC motor, connections are their different things that are required in the making of the power antenna. But many of these antennas are not provided in the cars as the radio used for entertainment or other purpose is not required to that extent as it was required previously. Connected systems and smart systems has provided better safety as well as comfort to the consumers do to which the market will grow well in the coming years.
Recent Development
Segments covered in the report
By Application
By Vehicle Type
By Technology
By Function
By Motor Type
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Motors Market
5.1. COVID-19 Landscape: Automotive Motors Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Motors Market, By Application
8.1. Automotive Motors Market, by Application, 2024-2033
8.1.1. Power Antenna Motor
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Alternator
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Electric Parking Brake
8.1.3.1. Market Revenue and Forecast (2021-2033)
8.1.4. Fuel pump Motor
8.1.4.1. Market Revenue and Forecast (2021-2033)
8.1.5. Sunroof Motor
8.1.5.1. Market Revenue and Forecast (2021-2033)
8.1.6. Wiper Motor
8.1.6.1. Market Revenue and Forecast (2021-2033)
8.1.7. Starter Motor
8.1.7.1. Market Revenue and Forecast (2021-2033)
8.1.8. Electric Power Steering
8.1.8.1. Market Revenue and Forecast (2021-2033)
8.1.9. Engine Cooling Fan
8.1.5.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Automotive Motors Market, By Vehicle Type
9.1. Automotive Motors Market, by Vehicle Type, 2024-2033
9.1.1. Heavy Commercial Vehicles
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Passenger Cars
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Electric two-Wheeler
9.1.3.1. Market Revenue and Forecast (2021-2033)
9.1.4. Light Commercial Vehicle
9.1.4.1. Market Revenue and Forecast (2021-2033)
9.1.5. Two-Wheeler
9.1.5.1. Market Revenue and Forecast (2021-2033)
9.1.6. Plug in Hybrid Electric Vehicle
9.1.6.1. Market Revenue and Forecast (2021-2033)
9.1.7. Battery Electric Vehicle
9.1.7.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Automotive Motors Market, By Technology
10.1. Automotive Motors Market, by Technology, 2024-2033
10.1.1. Pulse-width modulation (PWM)
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Direct torque control (DTC)
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 11. Global Automotive Motors Market, By Function
11.1. Automotive Motors Market, by Function, 2024-2033
11.1.1. Performance
11.1.1.1. Market Revenue and Forecast (2021-2033)
11.1.2. Comfort & Convenience
11.1.2.1. Market Revenue and Forecast (2021-2033)
11.1.3. Safety & Security
11.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 12. Global Automotive Motors Market, By Motor Type
12.1. Automotive Motors Market, by Motor Type, 2024-2033
12.1.1. Stepper Motor
12.1.1.1. Market Revenue and Forecast (2021-2033)
12.1.2. Brushless DC Motor
12.1.2.1. Market Revenue and Forecast (2021-2033)
12.1.3. DC brushed Motor
12.1.3.1. Market Revenue and Forecast (2021-2033)
12.1.4. Traction Motor
12.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 13. Global Automotive Motors Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Application (2021-2033)
13.1.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.1.3. Market Revenue and Forecast, by Technology (2021-2033)
13.1.4. Market Revenue and Forecast, by Function (2021-2033)
13.1.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Application (2021-2033)
13.1.6.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.1.6.3. Market Revenue and Forecast, by Technology (2021-2033)
13.1.6.4. Market Revenue and Forecast, by Function (2021-2033)
13.1.6.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Application (2021-2033)
13.1.7.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.1.7.3. Market Revenue and Forecast, by Technology (2021-2033)
13.1.7.4. Market Revenue and Forecast, by Function (2021-2033)
13.1.7.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Application (2021-2033)
13.2.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.2.3. Market Revenue and Forecast, by Technology (2021-2033)
13.2.4. Market Revenue and Forecast, by Function (2021-2033)
13.2.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Application (2021-2033)
13.2.6.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.2.6.3. Market Revenue and Forecast, by Technology (2021-2033)
13.2.7. Market Revenue and Forecast, by Function (2021-2033)
13.2.8. Market Revenue and Forecast, by Motor Type (2021-2033)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Application (2021-2033)
13.2.9.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.2.9.3. Market Revenue and Forecast, by Technology (2021-2033)
13.2.10. Market Revenue and Forecast, by Function (2021-2033)
13.2.11. Market Revenue and Forecast, by Motor Type (2021-2033)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Application (2021-2033)
13.2.12.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.2.12.3. Market Revenue and Forecast, by Technology (2021-2033)
13.2.12.4. Market Revenue and Forecast, by Function (2021-2033)
13.2.13. Market Revenue and Forecast, by Motor Type (2021-2033)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Application (2021-2033)
13.2.14.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.2.14.3. Market Revenue and Forecast, by Technology (2021-2033)
13.2.14.4. Market Revenue and Forecast, by Function (2021-2033)
13.2.15. Market Revenue and Forecast, by Motor Type (2021-2033)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Application (2021-2033)
13.3.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.3.3. Market Revenue and Forecast, by Technology (2021-2033)
13.3.4. Market Revenue and Forecast, by Function (2021-2033)
13.3.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Application (2021-2033)
13.3.6.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.3.6.3. Market Revenue and Forecast, by Technology (2021-2033)
13.3.6.4. Market Revenue and Forecast, by Function (2021-2033)
13.3.7. Market Revenue and Forecast, by Motor Type (2021-2033)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Application (2021-2033)
13.3.8.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.3.8.3. Market Revenue and Forecast, by Technology (2021-2033)
13.3.8.4. Market Revenue and Forecast, by Function (2021-2033)
13.3.9. Market Revenue and Forecast, by Motor Type (2021-2033)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Application (2021-2033)
13.3.10.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.3.10.3. Market Revenue and Forecast, by Technology (2021-2033)
13.3.10.4. Market Revenue and Forecast, by Function (2021-2033)
13.3.10.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Application (2021-2033)
13.3.11.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.3.11.3. Market Revenue and Forecast, by Technology (2021-2033)
13.3.11.4. Market Revenue and Forecast, by Function (2021-2033)
13.3.11.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Application (2021-2033)
13.4.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.4.3. Market Revenue and Forecast, by Technology (2021-2033)
13.4.4. Market Revenue and Forecast, by Function (2021-2033)
13.4.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Application (2021-2033)
13.4.6.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.4.6.3. Market Revenue and Forecast, by Technology (2021-2033)
13.4.6.4. Market Revenue and Forecast, by Function (2021-2033)
13.4.7. Market Revenue and Forecast, by Motor Type (2021-2033)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Application (2021-2033)
13.4.8.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.4.8.3. Market Revenue and Forecast, by Technology (2021-2033)
13.4.8.4. Market Revenue and Forecast, by Function (2021-2033)
13.4.9. Market Revenue and Forecast, by Motor Type (2021-2033)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Application (2021-2033)
13.4.10.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.4.10.3. Market Revenue and Forecast, by Technology (2021-2033)
13.4.10.4. Market Revenue and Forecast, by Function (2021-2033)
13.4.10.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Application (2021-2033)
13.4.11.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.4.11.3. Market Revenue and Forecast, by Technology (2021-2033)
13.4.11.4. Market Revenue and Forecast, by Function (2021-2033)
13.4.11.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Application (2021-2033)
13.5.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.5.3. Market Revenue and Forecast, by Technology (2021-2033)
13.5.4. Market Revenue and Forecast, by Function (2021-2033)
13.5.5. Market Revenue and Forecast, by Motor Type (2021-2033)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Application (2021-2033)
13.5.6.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.5.6.3. Market Revenue and Forecast, by Technology (2021-2033)
13.5.6.4. Market Revenue and Forecast, by Function (2021-2033)
13.5.7. Market Revenue and Forecast, by Motor Type (2021-2033)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Application (2021-2033)
13.5.8.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
13.5.8.3. Market Revenue and Forecast, by Technology (2021-2033)
13.5.8.4. Market Revenue and Forecast, by Function (2021-2033)
13.5.8.5. Market Revenue and Forecast, by Motor Type (2021-2033)
Chapter 14. Company Profiles
14.1. Continental AG (Germany)
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Nidec Corporation (Japan)
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Robert Bosch GmbH (Germany)
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Johnson Electric Holdings Ltd. (Hong Kong)
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Denso Corporation (Japan)
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Mitsubishi Electric Corporation (Japan). Siemens AG (Germany)
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Borgwarner Inc. (U.S.)
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Mitsuba Corporation (Japan)
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Magna International (Canada)
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Valeo S.A. (France)
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client