Global Automotive Heater Fan Motor Market by Type (Single-Speed Motors, Variable-Speed Motors), By Application (Passenger Cars, Commercial Vehicles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive heater fan motor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing awareness about vehicle safety are also contributing to the growth of this market. The global automotive heater fan motor market is segmented on the basis of type into single-speed motors and variable-speed motors. The single-speed motors segment is expected to hold a major share of the global automotive heater fan motor market during the forecast period owing to its low cost and easy installation. However, with technological advancements in variable-speed motors, this segment is projected to grow at a higher CAGR than that of single-speed motors during the forecast period. On basis application, passenger cars accounted for majority share in 2017 and it is projected that this trend will continue over next few years as well due rising demand for comfortable travel experience among consumers across different geographies .



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Product Definition:

An automotive heater fan motor is a device used to circulate air inside of a vehicle. It is important because it helps to keep the driver and passengers comfortable by providing them with warm air.

Single-Speed Motors:

Single-speed motors are used in automotive heaters as they provide high torque density at low speeds. The product is gaining popularity owing to its ability to reduce the size of the motor, which further helps in reducing the overall weight of vehicles and improving fuel efficiency.

The global market for single-speed motors was valued at USD 2,867.1 million in 2015.

Variable-Speed Motors:

The variable-speed motors are used in automotive heaters as they can be controlled by a control board to provide different speeds. The demand for variable-speed motors is increasing due to the technological advancements and cost benefits associated with these products.

These products have various applications such as air conditioner, heating ventilation and cooling fan, power window, power steering systems and other accessories that require low speed (idle) to high speed (maxiumum).

Application Insights:

The passenger cars segment held the largest share of over 60.0% in 2017. The demand for automotive heater fan motors is expected to increase with the growing requirement of comfort and convenience for passengers in vehicles, as well as drivers and their families during cold weather conditions.

Increasing sales of passenger cars are anticipated to drive the demand for these motors over the forecast period, especially in developing countries such as China, India and Brazil where affordable vehicles have been a major success. In addition, increasing penetration rates of electric vehicle (EV) is expected to reduce overall demand from 2030s onward due to lack of necessary components such as heating/AC systems owing to EVs not having heaters or air conditioners installed within them.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing sales of passenger cars and light commercial vehicles in the region. The presence of key automotive manufacturers such as Toyota, Honda, Hyundai, Tata Motors and others will drive product demand over the forecast period. In addition, favorable government regulations for electric vehicles are anticipated to further boost industry growth in APAC over the coming years.

Europe accounted for a significant share in 2017 owing to stringent emission norms prescribed by governments across Europe countries such as Germany and U.K., which act as strict guidelines for automakers regarding fuel emissions from their respective brands’ production lines worldwide including Europe and other regions globally where they have plants manufacturing automobiles like North America or Asia Pacific etcetera).

Growth Factors:

Increasing demand for vehicles: The automotive industry is growing at a rapid pace, with the number of vehicles being produced and sold every year increasing significantly. This is leading to an increase in the demand for automotive heater fan motors, as they are essential components in all types of vehicles.
Technological advancements: Automotive heater fan motors are becoming increasingly sophisticated, with new technologies being developed all the time to improve their performance and efficiency. This is resulting in greater demand from consumers, who want the best possible products available on the market.
Rising fuel prices: The cost of fuel has been rising steadily over recent years, making it more expensive to operate a vehicle than ever before. As a result, people are looking for ways to save money wherever possible – one way of doing this is by installing an automotive heater fan motor in their car or truck which can help reduce fuel consumption by up to 10%.
Government regulations: Governments around the world are introducing stricter regulations governing emissions and environmental protection standards for automobiles manufacturers must meet if they wish to sell their products within that country’s borders . One such regulation that has come into effect recently is Euro 6 which requires all new cars registered after September 2015 meet certain emission standards . Automotive Heater Fan Motor manufacturers must comply with these regulations if they want their products to be successful in today’s market place .  5


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Heater Fan Motor Market Research Report
By Type
Single-Speed Motors, Variable-Speed Motors
By Application
Passenger Cars, Commercial Vehicles
By Companies
Denso (Japan), Johnson Electric (China), Shinano Kenshi (Japan), Denso (Japan)
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Heater Fan Motor Market Report Segments:
The global Automotive Heater Fan Motor market is segmented on the basis of:
Types
Single-Speed Motors, Variable-Speed 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 Cars, 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:
Denso (Japan)
Johnson Electric (China)
Shinano Kenshi (Japan)
Denso (Japan)



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Highlights of The Automotive Heater Fan 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:
Single-Speed Motors
Variable-Speed Motors
By Application:
Passenger Cars
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 Heater Fan 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

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