Market Overview:
Electric vehicles are powered by electric motors, which convert electrical energy into mechanical energy. The global automotive electric motors for electric vehicles market is expected to grow at a CAGR of 9.5% during the forecast period 2018-2030. The growth of the market can be attributed to factors such as stringent emission norms and government initiatives towards promoting the use of electric vehicles. The global automotive electric motors for electric vehicles market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into AC Motors and DC Motors. AC Motors are further sub-segmented into induction motors and synchronous reluctance motors (SRMs). DC Motors are further sub-segmented into brushed dc motor and brushless dc motor (BLDCs). On the basis of application, passenger Vehicles account for majority share in terms of value in 2017 followed by commercial Vehicles . Regionally, North America dominates with highest share in terms from revenue generated followed by Europe Asia Pacific , Latin America Middle East & Africa .
Product Definition:
An automotive electric motor is an electric motor used in automobiles and other vehicles. It converts electrical energy into mechanical energy to drive the wheels of the vehicle. The importance of automotive electric motors for electric vehicles is that they provide power to the vehicle's drivetrain and allow it to move.
AC Motors:
AC motors are used in various automotive applications such as power steering, power windows, sunroof actuators and other electric actuators. The growth factor for the AC motor market is high owing to its usage in a variety of automotive applications. Additionally, factors such as low cost of maintenance and operation coupled with less weight on bearings makes it more preferable than DC type which has higher initial costs but possesses greater reliability over longer periods making it a better fit for the current market scenario.
DC Motors:
DC motors are used in automotive electric motors for the purpose of driving the vehicle. They are widely used as they provide high torque at low speeds and can be operated at very high speed too. The DC motor is a type of electric motor which uses direct current to generate mechanical power.
Application Insights:
Passenger vehicles accounted for a major share in the global automotive electric motors for electric vehicles market, owing to increasing demand from consumers. The segment is expected to reach USD 2.5 billion by 2030 at a CAGR of XX% over the forecast period owing to growing sales of passenger cars and light commercial vehicles in countries such as China, India and Japan.
Commercial Vehicles are projected to witness significant growth over the forecast period due to rising demand from developing countries such as Brazil, Indonesia and Mexico for heavy-duty trucks and buses. Moreover, government initiatives such as ¢â‚¬Å“Eletrolux¢â‚¬ in Europe are expected to boost product penetration in commercial vehicle applications during the next eight years there by creating new opportunities for industry participants globally.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing government initiatives, rising disposable income of consumers, and expanding automobile production in China. Moreover, favorable government regulations are expected to boost regional demand for electric motors over the forecast period.
Europe was valued at USD X billion in 2017 owing to high demand from key markets including Germany and France as a result of stringent emission norms implemented by these countries on account of environmental concerns coupled with consumer preferences towards fuel-efficient vehicles is likely drive regional growth over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This growth can be attributed to the increasing environmental concerns and stringent emission norms across the world.
- Government initiatives and subsidies: Governments of various countries are providing incentives and subsidies to promote the adoption of electric vehicles. This is further aiding in the growth of the automotive electric motors for electric vehicles market.
- Development of advanced technologies: The development of advanced technologies, such as high-voltage direct current (HVDC) systems, is aiding in improving performance and efficiency of automotive electric motors for electric vehicles market.
- Rising demand from developing countries: Developing countries such as China and India are witnessing a rapid increase in vehicle ownership, which is resulting in an increase in demand for automotive components, including automotive electric motors for Electric Vehicles .
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Electric Motors for Electric Vehicles Market Research Report
By Type
AC Motors, DC Motors
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Allied Motion Technologies, Ametek, ARC Systems, Baldor Electric, Bosch, Denso, Emerson Electric, Faulhaber Group, Johnson Electric Holding, Maxon Group, Allied Motion Technologies, Toshiba
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Electric Motors for Electric Vehicles Market Report Segments:
The global Automotive Electric Motors for Electric Vehicles market is segmented on the basis of:
Types
AC Motors, DC Motors
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
Passenger Vehicles, Commercial Vehicles
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:
- Allied Motion Technologies
- Ametek
- ARC Systems
- Baldor Electric
- Bosch
- Denso
- Emerson Electric
- Faulhaber Group
- Johnson Electric Holding
- Maxon Group
- Allied Motion Technologies
- Toshiba
Highlights of The Automotive Electric Motors for Electric Vehicles 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:
- AC Motors
- DC Motors
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 Electric Motors for Electric Vehicles 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?
Automotive electric motors are used in electric vehicles to provide power to the drivetrain. They are typically smaller and lighter than traditional internal combustion engine (ICE) motors, which allows for a more efficient use of battery power.
Some of the key players operating in the automotive electric motors for electric vehicles market are Allied Motion Technologies, Ametek, ARC Systems, Baldor Electric, Bosch, Denso, Emerson Electric, Faulhaber Group, Johnson Electric Holding, Maxon Group, Allied Motion Technologies, Toshiba.
The automotive electric motors for electric vehicles market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Electric Motors for Electric Vehicles 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 Electric Motors for Electric Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Electric Motors for Electric Vehicles 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 Electric Motors for Electric Vehicles 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 Electric Motors for Electric Vehicles Market Size & Forecast, 2020-2028
4.5.1 Automotive Electric Motors for Electric Vehicles Market Size and Y-o-Y Growth
4.5.2 Automotive Electric Motors for Electric Vehicles Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 AC Motors
5.2.2 DC Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Electric Motors for Electric Vehicles 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 Electric Motors for Electric Vehicles 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 AC Motors
9.6.2 DC Motors
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 AC Motors
10.6.2 DC Motors
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 AC Motors
11.6.2 DC Motors
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 AC Motors
12.6.2 DC Motors
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 AC Motors
13.6.2 DC Motors
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
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 Electric Motors for Electric Vehicles Market: Competitive Dashboard
14.2 Global Automotive Electric Motors for Electric Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allied Motion Technologies
14.3.2 Ametek
14.3.3 ARC Systems
14.3.4 Baldor Electric
14.3.5 Bosch
14.3.6 Denso
14.3.7 Emerson Electric
14.3.8 Faulhaber Group
14.3.9 Johnson Electric Holding
14.3.10 Maxon Group
14.3.11 Allied Motion Technologies
14.3.12 Toshiba
