India Automotive Motor Market Size & Outlook, 2021-2028
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India automotive motor market highlights
- The India automotive motor market generated a revenue of USD 2,006.5 million in 2021 and is expected to reach USD 3,029.8 million by 2028.
- The India market is expected to grow at a CAGR of 6.1% from 2022 to 2028.
- In terms of segment, brushless dc motor was the largest revenue generating motor type in 2021.
- Traction Motor is the most lucrative motor type segment registering the fastest growth during the forecast period.
Automotive motor market data book summary
| Market revenue in 2021 | USD 2,006.5 million |
| Market revenue in 2028 | USD 3,029.8 million |
| Growth rate | 6.1% (CAGR from 2021 to 2028) |
| Largest segment | Brushless dc motor |
| Fastest growing segment | Traction Motor |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brushed DC Motor, Brushless DC Motor, Stepper Motor, Traction Motor |
| Key market players worldwide | Nidec Corp, Johnson Electric Holdings Ltd, Robert Bosch Engineering & Business Solutions, Denso Corp, Continental AG, Mitsubishi Electric Corp |
Other key industry trends
- In terms of revenue, India accounted for 5.7% of the global automotive motor market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China automotive motor market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,518.0 million by 2028.
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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 |
India 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.
Brushless dc motor was the largest segment with a revenue share of 43.23% in 2021. Horizon Databook has segmented the India 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.
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Target buyers of India automotive motor market databook
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Our clientele includes a mix of automotive motor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 country-level data and insights on the India automotive motor market, including forecasts for subscribers. This country databook contains high-level insights into India automotive motor market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India automotive motor market size, by motor type, 2017-2028 (US$M)
India Automotive Motor Market Share, 2021 & 2028 (US$M)
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