Global Automotive Motor Market Size & Outlook, 2021-2028

The automotive motor industry worldwide is expected to reach a projected revenue of US$ 50,947.9 million by 2028. A compound annual growth rate of 5.4% is expected of the worldwide automotive motor industry from 2022 to 2028.
Revenue, 2021 (US$M)
$35,363.6
Forecast, 2028 (US$M)
$50,947.9
CAGR, 2022 - 2028
5.4%
Report Coverage
Worldwide

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 2021USD 35,363.6 million
Market revenue in 2028USD 50,947.9 million
Growth rate5.4% (CAGR from 2021 to 2028)
Largest segmentBrushed dc motor
Fastest growing segmentTraction Motor
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationBrushed 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.

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Automotive Motor Market Scope

Automotive motor market segmentation & scope
Brushed DC Motor
Brushless DC Motor
Stepper Motor
Traction Motor
Safety
Comfort
Performance
OEM
Aftermarket

Automotive Motor Market Companies

Name Profile # Employees HQ Website

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)
    • Brushed DC Motor
    • Brushless DC Motor
    • Stepper Motor
    • Traction Motor
  • Global Automotive Motor Application Outlook (Revenue, USD Million, 2017-2028)
    • Safety
    • Comfort
    • Performance
  • Global Automotive Motor Sales Channel Outlook (Revenue, USD Million, 2017-2028)
    • OEM
    • Aftermarket
  • Global Automotive Motor Vehicle Type Outlook (Revenue, USD Million, 2017-2028)
    • Electric Vehicle
      • BEV
      • PHEV
    • Non-Electric Vehicle
      • Passenger
      • LCV
      • HCV

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Target buyers of Global automotive motor market databook

  • Our clientele includes a mix of automotive motor market companies, investment firms, advisory firms & academic institutions.
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  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.

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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)

Global automotive motor market size, by regions, 2017-2028 (US$M)

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