Global Automotive Motor Market Size & Outlook, 2021-2028
Global automotive motor market, 2017-2028 (US$M)
Related Markets
Global automotive motor market highlights
- The global automotive motor market generated a revenue of USD 35,363.6 million in 2021 and is expected to reach USD 50,947.9 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 5.4% by 2028.
- In terms of segment, brushed dc motor accounted for a revenue of USD 15,340.5 million in 2021.
- Traction Motor is the most lucrative motor type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 35,363.6 million |
| Market revenue in 2028 | USD 50,947.9 million |
| Growth rate | 5.4% (CAGR from 2021 to 2028) |
| Largest segment | Brushed dc motor |
| Fastest growing segment | Traction Motor |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brushed DC Motor, Brushless DC Motor, Stepper Motor, Traction Motor |
Other key industry trends
- In terms of revenue, the North America accounted for 18.0% of the global automotive motor market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2028.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 998.7 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Automotive Motor Market Scope
Automotive Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Electric Holdings Ltd | View profile | 35000 | 6th Floor, 12 Science Park East Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong, Hong Kong | https://www.johnsonelectric.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
| Nidec Corp | View profile | 128002 | 338 Kuzetonoshiro-cho, Minami-ku, Kyoto, Japan, 601-8205 | http://www.nidec.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Global automotive motor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive motor market will help companies and investors design strategic landscapes.
Brushed dc motor was the largest segment with a revenue share of 43.38% in 2021. Horizon Databook has segmented the Global automotive motor market based on brushed dc motor, brushless dc motor, stepper motor, traction motor covering the revenue growth of each sub-segment from 2017 to 2028.
- Global Automotive Motor Motor Type Outlook (Revenue, USD Million, 2017-2028)
- Stepper Motor
- Brushed DC Motor
- Brushless DC Motor
- Traction Motor
- Global Automotive Motor Application Outlook (Revenue, USD Million, 2017-2028)
- Comfort
- Safety
- Performance
- Global Automotive Motor Sales Channel Outlook (Revenue, USD Million, 2017-2028)
- Aftermarket
- OEM
- Global Automotive Motor Vehicle Type Outlook (Revenue, USD Million, 2017-2028)
- Electric Vehicle
- BEV
- PHEV
- Non-Electric Vehicle
- LCV
- HCV
- Passenger
- Electric Vehicle
Reasons to subscribe to Global automotive motor market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global automotive motor market databook
-
Our clientele includes a mix of automotive motor market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive motor market, including forecasts for subscribers. This global databook contains high-level insights into Global automotive motor market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Global automotive motor market size, by regions, 2017-2028 (US$M)
Top 10 countries: Automotive motor market size, 2021 (US$M)
Global automotive motor market share, by motor type, 2021 & 2028 (%, US$M)
Automotive motor market: Opportunity assessment by country
Global automotive motor market, by region, 2021 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
