Market Overview:
The global automotive drive motor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles, especially plug-in electric vehicles (PEVs). The Asia Pacific region is expected to lead the global automotive drive motor market during the forecast period, followed by Europe and North America.
Product Definition:
The automotive drive motor is the main engine in a car. It is responsible for turning the wheels and propelling the car forward or backward. The importance of an automotive drive motor cannot be overstated; it is essential for movement and transportation.
Permanent Magnet Synchronous Motor:
PMSM is a type of electric motor which uses permanent magnets for power. The PMSM has several advantages over the conventional synchronous motors used in automotive drives, it offers high torque at low speeds, less noise & vibration and more efficient energy conversion.
Asynchronous Motor:
Asynchronous motor is a type of electric motor which operates on the principle of electromagnetic attraction and repulsion. These motors are used in various applications such as fans, blowers, pumps, compressors and others. The working principle behind these motors is based on airfoil technology wherein the rotor windings generate electrical energy through magnetic induction.
Application Insights:
The electric vehicle segment dominated the global automotive drive motor market in terms of revenue share in 2017. The growth can be attributed to increasing government funding and initiatives for promoting electric vehicles across the globe. For instance, in March 2018, Government of India launched a ¢â‚¬Å“Clean Energy Drive Motor Vehicle Manufacturers¢â‚¬ Insurance Cover under which manufacturers will get insurance cover of USD 2 million per annum on account of exceeding 10,000 units annually. Such initiatives by governments across various countries are expected to boost demand for electric vehicles over the forecast period.
Blade-type EV is projected to witness significant growth over the forecast period owing to its lightweight.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong demand from countries such as China, Japan, South Korea, and India. Factors such as low manufacturing cost of electric vehicles along with supportive government policies are anticipated to drive regional growth.
The European region accounted for a significant market share in terms of revenue owing to stringent emission norms implemented by governments across Europe that have forced automotive manufacturers to use efficient drive motors in their respective vehicles. Countries such as Germany and France have been experiencing strong demand for electric cars on account of rising initiatives taken up by various companies operating within these countries regarding production of clean energy-driven automobiles.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising disposable income of consumers in developing countries
- Technological advancements in automotive drive motor systems
- Stringent government regulations on fuel emissions and energy conservation
- Growing popularity of autonomous driving
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Drive Motor Market Research Report
By Type
Permanent Magnet Synchronous Motor, Asynchronous Motor, Other
By Application
Blade Electric Vehicles, Plug-in Electric Vehicle
By Companies
Tesla, Volkswagen, BYDCo, ZF Friedrichshafen AG, BOSCH, HASCO, BROAD-OCEAN, Mitsubishi Motors Corporation, XPT, NIDEC CORPORATION, Zhejiang Founder Motor Co., Ltd, Magna, JJE, HITACHI, SHUANGLIN GROUP, Chery New Energy, Anhui Juyi, Shenzhen Greatland Electrics Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Drive Motor Market Report Segments:
The global Automotive Drive Motor market is segmented on the basis of:
Types
Permanent Magnet Synchronous Motor, Asynchronous Motor, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Blade Electric Vehicles, Plug-in Electric Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tesla
- Volkswagen
- BYDCo
- ZF Friedrichshafen AG
- BOSCH
- HASCO
- BROAD-OCEAN
- Mitsubishi Motors Corporation
- XPT
- NIDEC CORPORATION
- Zhejiang Founder Motor Co., Ltd
- Magna
- JJE
- HITACHI
- SHUANGLIN GROUP
- Chery New Energy
- Anhui Juyi
- Shenzhen Greatland Electrics Inc.
Highlights of The Automotive Drive Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Permanent Magnet Synchronous Motor
- Asynchronous Motor
- Other
- By Application:
- Blade Electric Vehicles
- Plug-in Electric Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Drive Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive drive motor is a type of electric motor used in automobiles and other vehicles. It is typically found in the engine, transmission, or rear axle.
Some of the major players in the automotive drive motor market are Tesla, Volkswagen, BYDCo, ZF Friedrichshafen AG, BOSCH, HASCO, BROAD-OCEAN, Mitsubishi Motors Corporation, XPT, NIDEC CORPORATION, Zhejiang Founder Motor Co., Ltd, Magna, JJE, HITACHI, SHUANGLIN GROUP, Chery New Energy, Anhui Juyi, Shenzhen Greatland Electrics Inc..
The automotive drive motor market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Drive Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Drive Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Drive Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Drive Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Drive Motor Market Size & Forecast, 2018-2028
4.5.1 Automotive Drive Motor Market Size and Y-o-Y Growth
4.5.2 Automotive Drive Motor Market Absolute $ Opportunity
Chapter 5 Global Automotive Drive Motor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Drive Motor Market Size Forecast by Type
5.2.1 Permanent Magnet Synchronous Motor
5.2.2 Asynchronous Motor
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Drive Motor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Drive Motor Market Size Forecast by Applications
6.2.1 Blade Electric Vehicles
6.2.2 Plug-in Electric Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Drive Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Drive Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Drive Motor Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Drive Motor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Drive Motor Market Size Forecast by Type
9.6.1 Permanent Magnet Synchronous Motor
9.6.2 Asynchronous Motor
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Drive Motor Market Size Forecast by Applications
9.10.1 Blade Electric Vehicles
9.10.2 Plug-in Electric Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Drive Motor Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Drive Motor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Drive Motor Market Size Forecast by Type
10.6.1 Permanent Magnet Synchronous Motor
10.6.2 Asynchronous Motor
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Drive Motor Market Size Forecast by Applications
10.10.1 Blade Electric Vehicles
10.10.2 Plug-in Electric Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Drive Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Drive Motor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Drive Motor Market Size Forecast by Type
11.6.1 Permanent Magnet Synchronous Motor
11.6.2 Asynchronous Motor
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Drive Motor Market Size Forecast by Applications
11.10.1 Blade Electric Vehicles
11.10.2 Plug-in Electric Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Drive Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Drive Motor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Drive Motor Market Size Forecast by Type
12.6.1 Permanent Magnet Synchronous Motor
12.6.2 Asynchronous Motor
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Drive Motor Market Size Forecast by Applications
12.10.1 Blade Electric Vehicles
12.10.2 Plug-in Electric Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Drive Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Drive Motor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Drive Motor Market Size Forecast by Type
13.6.1 Permanent Magnet Synchronous Motor
13.6.2 Asynchronous Motor
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Drive Motor Market Size Forecast by Applications
13.10.1 Blade Electric Vehicles
13.10.2 Plug-in Electric Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Drive Motor Market: Competitive Dashboard
14.2 Global Automotive Drive Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tesla
14.3.2 Volkswagen
14.3.3 BYDCo
14.3.4 ZF Friedrichshafen AG
14.3.5 BOSCH
14.3.6 HASCO
14.3.7 BROAD-OCEAN
14.3.8 Mitsubishi Motors Corporation
14.3.9 XPT
14.3.10 NIDEC CORPORATION
14.3.11 Zhejiang Founder Motor Co., Ltd
14.3.12 Magna
14.3.13 JJE
14.3.14 HITACHI
14.3.15 SHUANGLIN GROUP
14.3.16 Chery New Energy
14.3.17 Anhui Juyi
14.3.18 Shenzhen Greatland Electrics Inc.
